Member Info for Seingred

Jammer. Abundantly obvious yet our saviour stated 260 k oz production. You saying him is a liar innit. Shoulda spent 7 m proving up more oz like they said yo 3 m oz instead of wasting it on a mill. We heard from calibre ozs makes valuation. Funny that a year and a half ago, most here were convinced it was a shoe in for production even predicting outlandish dividends the like of which no gold had ever issued. Funny how it turns out.

Leemuttt. Omi is up 72% this month how much is Tesco up?? Custard are my favourite . Think they have gone up more than Tesco shares but they save me when I am hungry. They’re my wonderwall.

Timing is critical Lee just remember that. Don’t buy spikes!

Good luck

Hall is, that is 209 k cash burn per month. Let’s call that 1.8 m . We are nearly 3 months down the road so your 600 k is gone plus another 100 k . So about 1.2 m left by end of this month.

If it wasn’t for those pesky decimal points eh.

Ilks. Tell Shg holders that or take a look at aris mining reserves and m cap ! There are average prices in the ground for inferred and indicated oz as well as the desireable proven reserves. Perhaps did some research.

Anyone can make up any numbers but the possible purchaser will have different ones. The only things we have to go by is similar deals. Let’s hope there isn’t too long to wait to find out. Hopefully before next cash raise.

30 p hard to crack but looking ok to me. Come on mellonski, get this done by Chrimbo please .

Tj, cash raises are part and parcel of explo companies. However whether it is good or not is dependent on the usage of the cash. The cash burn has been pretty heavy during care and maintenance . The recent 9% raise for 500k less costs cannot be considered good and will cover running costs literally for a few months. The jury is still out as far as I am concerned as to how cash raised will transfer to drills in the ground and share price rise. There are plenty of examples of aim explorers diluting holders to oblivion. Here’s hoping this will be different . Prepared to take a punt but no blank cheque for me. First sign of fluffing and I will be out.

123. 90 p would give m cap around $250 m . Watch this space . Not gonna happen.

Good to see 30 p again let’s hope it holds . Up 36% on the month . That is more than most goldies simms by some way .

Lee Matt, Tesco lol, good for doughnuts ! My favourites are custard.

Simms. Cnr have 600 k reserves not 2 m . Calibre have increased from 200k to 1.1 m oz in the time they have been there as well as what has been mined during that time. I imagine in the 2 years they would spend constructing la India they will likely add a whole heap more without the need to finance and build a mine. He states timescale for permits etc. also adding concessions. Holding calibre I would be happy to see it happen but am still sceptical and don’t see anything in this vid to change my mind on that one. Only a few weeks to see I guess. Meanwhile the market is working for goldies In general.

Hi imply, I am not in the twitterati so yes paste please.

Did anyone catch Simon reeves in Colombia recently. Think it’s a repeat but gives a fair insight into Colombia and recent history.

Yela, it is hard to sell or buy when it goes nuts and spread has been large . However if you bought in the twos or threes and managed to get anywhere near 5 p you did ok. But daytrading??. It would’ve been difficult. Limit buys and sells best imv.

I didn’t sell, been gradually accumulating not that I wouldn’t trade at some point .

Better off trading in crypto tbh. Bigger rises and falls and more often. Currently buying clsk back.

Agree I g. Sensible strategy. 8-10 p for me.

Rob thought you might like to read this re U.S. interest rates.

https://www.telegraph.co.uk/business/2024/04/05/ftse-100-latest-news-house-price-index-brent-oil/

Hi e l, it mentions including any shares to be issued, ie fully diluted. That’s what you would expect in a takeover. Also a dividend payment. Any deals I have seen state overall deal figure on a fully diluted basis and the corresponding sp. I don’t see any difference here. So personally have missed a div payment and around 2 p p s from selling on news. Glad holders have a little more for sticking.

Polo, if pog retreated 20% miners would drop a lot lower. Have seen a number of 29-30 % roses in producers over the last few years followed by the same retreat . However J reckon we are on a real breakout for this year. Shg was one of my main producers but sold as soon as the deal was anounced and moved the cash to clsk and microstrategy. Sitting fast was not a good idea and yes was a cheap deal for what they had. Peeved they recommended the deal but switching has been kind. Look at what Shg had and compare to Cnr then tell me how Cnr is fetching the same or more?

Https://m.youtube.com/watch?v=on-y9Pv-CJA&list=RDon-y9Pv-CJA&start_radio=1

Hi Rob. No didn’t sell and re buy. Have been adding though. My average has been going up rather than down. Just raised yo 4 p . Don’t want to be much above that.

I started re buying gold and silver producers on march 1st. Bought a bit of nm but star turn is equinox up 40% this month. Cey is my only longterm hold and glad to be in profit there for first time in a while. Pan American silver my silver play. Uranium back on a tear and copper so along with crypto everything going nicely. My trades have been in crypto lately, in accumulation mode here for now but everything subject to change. Certainly does look like gold is on the move now. Always best to adapt to conditions.

This is worth the risk reward at around 4 p for me. Just remains to be seen how management shapes up. I have a cautious but open mind on that one but movement of the sp will dictate my strategy.

Good luck .

Where you off to on your another holiday?

Slippery, obviously the ammount of spare cash someone has to invest is a factor. Have never claimed to be rich in fact have stated my investing is to improve my wealth. Is it better to have 40 k shares at 35% profit or 1 m shares at -40% deficit?

The trend is your friend is a well known phrase and worth remembering. Didn’t take a genius to work out that gold producers follow directly the pog or that Bitcoin and it’s proxies were and are in for a Hooley or that covid stocks were the place to be up until the vaccine or that ai tech was rocketing etc.

Don’t think buffet would stick his cash in Cnr, not on the register. Switched a bit into Omi recently. Could be a mistake 😜.

Yep , of course. That’s the game slippy, not sitting around for 15 years for no profit, or £3.93 🤣

Hi polo, bought back into producers about a month ago. Star performer so far sis Ross besties equinox up 40% on the month. Have a few dividend payers but imv growth mid tiers like equinox and calibre will likely appreciate the most and be takeover targets.

I am interested to se if it remains an asset sale and if an nsr will be retained in the shell? Obvs royalties are also saleable. Mark didn’t rule out an nsr .

Best to block out pump and dump posts and be realistic. Currently sp is up near 100% over last month or so which is pretty good. Giving share price predictions is just a lottery. We are looking better than a month ago. Let’s see where the next month or two get us. I am adding currently. My average had now just about raised to 4 p which is my magic number so not averse to a further re trace personally .

Mm Nero. Mellons interest rate was what 18% on his last loan so $100 m becomes around $120 m to get £200 m so you value Cnr at around £100 m presently. Sounds about right. Mines often get sold mid construction as shown by calibres latest aquisition or Burittica etc. not going to be un Production in a year tho. Commercial production would be 2 years . So much time has been spent treading water adding more shares that it has to be sold imv and thankfully the pog is turning at the right time to help.

So looks firm here and good for a bit more.

Good luck all

Hi chick. I sold most of my producers last quarter last year, only hanging on to Cey and Shg. Bought back in about a month ago into quite a few on your list but my star performer us equinox up almost 40% over the month. We have seen a number of 20-30% moves up and down with producers over last few years following pog. Does look like a proper breakout this time. Producers still way down on 2020/21 highs yet so should be some way to go yet.

Gold producers like Bitcoin miners move in tandem with the gold price directly, explorers are a big harder to predict but for sure the longer the bull run the better for explorers. This will be news led so depends how good they actually turn out to be at producing news. Good bit of momentum and pump atm though. Traders, limit sell /buy is helpful in these hard to buy/ sell situation I find.

Good luck all