Member Info for Seingred

Dr, what were the grades for the feeder pits earmarked for toll milling? Total deal was 44 p p share however part of that is in cvr form. There was well over 200 m shares.

1408, early doors Cnr was best performer on aim. However road to production is a long and windy one. They got caught in the bear market . Even having 2 billionaires on board didn’t produce the golden tickets most posters there predicted. The sale price was exactly what I predicted using reasoned comparisons and gold valuations by category. Reserves being the majority value.

Agreed things have moved on and Mtl share price has brought most Cnr longtermers into positive territory finally but the blue sky posters there continually misled each other a bit like here.

Early production by tolling will be for sure a good scenario. It is yet to be confirmed though. Personally happy to trade for more free shares and not discounting adding on dips.

I don’t need to dream of 10/20x . 20/30 p I can see as do able at some point and I am patient . Although 10 x from 4 p is 40 p . Mm

Dr , they had 2.4 m oz . 600 k in the proven category and sold under £100 m. Proven oz are (reserves) are rated at many multiples of inferred. They sold sun £100 m.

Eric sprott holds 20% of outcrop. He bought in originally at 10 c in 2020 If memory serves. Their share price currently is around 28 c . Not bad but nothing like the guaranteed 10 baggers but time yet .

I am interested to see if sprott is indeed taking a slice. Usual for Rick rule or sprott to look for 10-20%

Dr, ref Shanta , Cnr , Cey for how companies get sold and how small holders have no say whatsoever .

Instis is a double edged sword much like the 2 majors. Good when buying, bad when selling. Cnr had the ifc, cannacord and a couple of other instis as well as Ross Beaty as major holders. I believe Ross Beaty was the only one to get out with a slight profit And departing instis depressed the s p for ages. Going for early production is a good plan , we just need to see it play out. Anyone that has been in transition goldies knows it generally sounds much easier and quicker than it actually is. All to play for though and a good market currently!

Karl 400 m shares to get to £800 m m cap . 😂. Oh yes ggp.

Well even me and Brad are going to be rolling in it. Yum

Https://www.investormeetcompany.com/companies/shanta-gold-limited/rns/2494713/view

Dr Shanta had 100 k oz production and almost 2 m oz and expanding in Kenya at over 11 g/t. Sold for £150 m. Yes 1.5 years ago. Why do you think collective are valued so much higher??

Who knows what the plan is? Most Cnr holders were convinced they were going in to production from 2020 onwards and were dumbfounded when the sale sign went up. Have a look at feeder pit grades there.

I am very happy with progress here currently, We have a difference in expectations as we did 4/5 years ago!

Ggp yada yada!. Well Wsbn is a far better ggp comparison ramp and I am up more there in 2 months than 2 years here but not complaining with 200% here it’s v nice and hopefully heading further north!

Jt, there will have been examples if you check back. We are not talking about proven average grades.

Dr, But there is no mre yet and it remains to be seen what the average mre grade will be. Cnr had some very good grades, fully proven, fully permitted. 123 could probably tell you the grades and the final sale price! 2.4 m oz . Market has moved on considerably in the last 6 months it has to be said. Not directly comparing .

Karl, yes agreed they are changing focus , doesn’t mean they give away assets. Just a reminder that it is easy to fantasise figures but it is another thing getting them. I watch a lot of gold vids and $ 10 in ground is mentioned by aquisitors often. Just saying.

Lucky, interesting link. Would like to hear more about sprott. Has a significant holding in outcrop I believe.

Barrick Mining (NYSE:B) is to sell its Alturas Au-Ag project in the El Indio Belt to Boroo for US$50M in cash and a 0.5% NSR, which will terminate once 2Moz of Au and AuEq have been produced. Boroo may repurchase the royalty within four years from closing for $10M. Alturas hosts an indicated resource of 58Mt @ 1.16gpt containing 2.2Moz Au and 3.6Moz of inferred resources. The sale price is the equivalent of $22.7/oz of indicated resource, or $8.6/oz for each ounce of the global resource.

Gives a bit more realistic reference to gold in ground than some of the more fantastical valuations bandied. Barrick hardly a distressed seller.

Always a bundle of laughs isle😂

Jag, yes a sweet day in Wsbn. Took a little bit out around 80 p today and a little limit sell on at .90 and 1. Rude not to. 14/15 p not very long ago .

‘‘Twas the Other wolfie . Bit confusing with almost identical names.

Dr, so you can’t answer then?

Clearly no because it is a different holding! Totally different scenario to selling and the re buying part of a holding . What you describe is successfulntrading although I would like to see the timescale that you could switch out of ggp at 32 p into Omi at 4 p dr.

Haha, thought it was a bit friendly from old Lon Cheney there.

But perhaps you could tell me the answer to the sell rebuy example. Wolfy after his gleeful take down attempt refuses to answer the question.

Dr sells 1 m 4 p shares at 15 p, re buys at 10 p . Has his real average gone up considerably or reduced somewhat. Obviously dr could also give his opinion . Dr, if you had sold 1 m of your 4 p shares at 15 p and re bought them at 10 p would your average have increased considerably or reduced?? Vance 123 or Karl the floors open to you all to offer a simple answer considering you were all jumping up and down with glee with the original gotcha moment.

😂. Real wolf. Please stand up 😂

Hi Wolfy, took some cash out of terrawulf on Friday after a huge rise. Miners have done fairly well over the last couple of months, some more than others but expect Nov to be a big month same as last year. Mstr hit ath in Nov of close to $500 . Not bad if you started buying around $16 equivalent and bought most under $$50. The big gains have been had there imo and I trade for free shares. Aiming to exit most crypto related by year end.

Even tho I bought most Mstr under $ 50 my platform shows a meagre 25% gain because of so much trading! Do you now understand that your platform will give you an accurate average if you purely buy but absolutely not if you sell and re buy??

Dr sells 1 m 4 p shares at 15 p giving him £150 k. He rebuys £150 k worth back at 10 p giving him 1.5 m share for no further outlay . In your world has his real average increased dramatically or reduced. Simple question that you refuse to answer having made a point of taking me up on averages.

Btw, d k. Well done . Trading can make good sense at the right time but it can annoy the stick at all cost posters.

Did similar here with Cnr.

Good luck

Here was me thinking it’s bad form to mention other shares , trading and particularly hindsight trading😂

Now we have a few traders,

Dr, or even Wolfy sells 1 m 4 p shares for 15 p giving £150 k , rebuys £150 k Omi at 10 p giving them 1.5 m shares.

Apparently their average has gone up significantly according to their platform and Wolfonomics. Lon Cheney can’t bring himself to admit his gotcha moment was down to a lack of mathematical understanding m. It’s a bad trait to not admit you were incorrect. Lon do you understand that platform average and actual average is not the same if you trade ? If you get half a m shares for free do you really think your average goes up?? Come on Wolfy

Punter, currently china hoovering up concessions including recently in previously protected indigenous areas Indio Maiz .

Hi dibs. Could’ve bought sub 8 p a few weeks ago. Entering sell zone for some 8 p buyers soon I imagine. Fingers crossed over at Wsbn.

Good luck

Haddock, agree, interested to see if we have spike and fallback or a leg up. Very good results.

Adam, Mineros at hemco a Colombian company were another possibility. Mako went to production fairly early without going the full distance with a small scale production plant . They did have extremely high grade.

Cnr could not mine without buying the surface rights which took them around 8 years. Admittedly there was complicated land ownership there.

Dr what mines in Colombia can we get a toll deal with ? The jurisdictions are very similar don’t be stupid. The projects not dissimilar and grades. Ffs you were using ggp as a continual comparison 4 years ago when £1 a share was coming by chrimbo.