Member Info for Seingred

Not to say that a deal with them is impossible.

Looking fairly strong here now and cannot see sub 25 p again, unless deal fails to materialise.

Simms, it is not a massive issue. They are constantly increasing their reserves. They already gone from 200 k to 1.1 m. Bringing more on stream and have constantly increased output. That’s exactly what the man said!

Nice spike.

Hi Rob. Glad you have had a holiday and daughter gets house. I have a big ceiling to plaster in next couple of days. Hard going when you get older.

Banks independent from gvnt , central banks problem is paying massive debt and issuing bonds. Think rates will reduce just not as quick as perhaps hoped.

Anyhow, Omi, I don’t think I only give negative I just say what I see. Personally I have added, even switched some out of Cnr into here but still modest holding compared to many here but keeping my average below 4 p . Not bringing it down . I have been bottom fishing gradually for ages but added reasonable this week and la bit last week.

The positives are deffo getting control of asset, gold price getting strong and as I say if funding can be found early stage exploration is the best rewarded . I will look to trade spikes which I would expect if a decent drilling campaign is carried out.

I am however a bit cautious as ever on projected timelines and wait to see how successful the cash raises are. Cash raises early doors with results are good for do. Later there will be lots of extra drilling to prove up resource which may not be so productive on sp. So I am looking for as quick an exit as possible, for stake bavk then see what happens.

There are quality producers being sold like Shg for £150 m so I discount talk of £80 m but for sure as before we could well see a few overshooting spikes. It’s only profit when it’s in da bank!

Got room for a bit more here yet but don’t have a lot of disposable so have to trade or swap things around.

G luck rob and everybody. Fingers crossed.

Simms. I think you are misreading. He states that they have not just replaced reserves but added to them. He states that in Nicaragua they now have the most reserves it has ever had! Adding !

Hi c f. Calibre paper would be fine for me and probably represents best bet for holders medium term. However calibre are turning up great results with the drill ,adding new concessions. I can’t see them wanting to commit to another mine build or gvnt agreeing to no build at la India.

I could be wrong for sure. Let’s hope we don’t have too long to wait to find out.

Appreciate the regular flow of research.

Hope you are getting lucky .

L wolf. Yes agree with comments re other explorers etc. this best deal possible in circs but quite amusing that the ramp cheerleaders of the 2 majors making this worth a packet are now the cheerleaders that getting free of the majors is so excellent.

Anyhow if/when this completes it still remains to be seen how significant exploration will be funded. I have added last week and this to take advantage of any short term rise but bearing in mind the sell the news scenario . I will look to trade some here and get de risked asap. Keeping average below 4 p.

Has to be said that the early phase in exploration is generally the most productive share price wise but rns spikes will be there to take advantage of. Longterm sitting on your hands is folly imv .

Chicken, Omi are not collective and do not have the bod credibility for large cash raises for the ammount of drilling needed to prove 2 m oz plus oz. Still a lot to prove imv but happy to ride any spikes, assess as we go and most importantly get cash out. Not interested in 10 years time, cash is generally made in fairly short timeframes imv

Good luck all.

So, what I hear in the vid.

When calibre took over they had 200 k oz reserves , they now gave 1.2 m oz in reserves. Double what condor have managed in 15 years! Added reserves add value and they are drilling them and producing them for an outlay of $100m

Scm. That’s great news , shall I set my limit sell or is it 20 p on Friday ?

Nope madly, crypto only lol

Kemot, you say mma have spent much more than $15 m and 1% of all future production?? Can you detail this please?

Dr, I don’t doubt that $30 m has been spent but there hasn’t been 30 m of drilling sorry.

In regard to earlier post , $m was part of the deal to go to next phase . This is what has enabled them to get nsr and up to 15 m . We will obvs disagree.

Anyhow it is what happens from here that counts for holders. I have added this week but keeping average below 4 p and looking for a little unload asap so shouldn’t moan about the pumper invasion lol.

Good luck

Https://www.bnamericas.com/en/news/colombia-to-stop-granting-open-pit-mining-licenses

Island girl, makes no odds same procedure needed !

Sink a few holes to prove up the asset. F m. Apparently 40 m has been spent on drilling already ! So much hot air on this bb .

Can’t wait til next week when all the noisy little oiks have left.

Well glad to see progress. Would expect some more moves when completion. So as I thought Newmont don’t hand over $2 m for nothing. Basically $2 m buys a nsr of 1.5 of total production and up to $15 m . Not bad for$2 m !

To be fair don’t think Omi had much option . The best deal in the circumstances but let’s be honest the j/v has been a costly affair that hasn’t really produced much and has wasted a lot of time. I see peeps claiming that $30 and now $40 m have been spent on drilling. No. If 30 or 40 m had been spent on drilling they would have a defined resource. Some of it is on drilling but as Brad says it is very expensive to hold land and one look at the cash burn here for the last 3 years tells you that much goes not on the drill which is quite common in these explo companies.

Bought some today and a few last week. Still not in big time but am today just in profit . Interested to see what happens tomorrow.

Some wishful thinking in Brads interview . Producing in 7-8 years Hm 10 more like. I will believe the completion time and drilling dates when I see them but today is a decent start, now we wait to see how this will be funded.

Well done Karl and any body else taking advantage last week. Good luck longtermers.

Hi slowly, what are you super confident of exactly? That Mellon will get a deal above 15 p ?

Would certainly hope so. The question you are not asking is, if he didn’t exercise his options, where would the cash come from to carry on. The open offer was the first that was undersubscribed ! Mellon will be ok at any price above today’s s p my, I am super confident of that.

Will a deal transpire before the need for another raise??

Break, legal matters take years . You do not know what Brad May have signed to get his hands on $2 m. I just do not see nm giving $2 m for no reason ?? I don’t believe little Omi could afford legals on top of wages. Nm could bankrupt Omi with their hands tied behind their backs.

Karl, I have an open mind to what may happen. For sure we are way behind the curve whether to the good or the bad regarding the real situation just as we were with the j/ next stage. Personally I did sell most longtime since from around 8 p. I hold back from burying much cash back in here until the situation is clearer. It won’t surprise me if the present impasse carries on for some time , meantime the bit of cash in the bank disappears and another placing before year end . More cash wasted with no real progress.

I add a few on pullbacks. waiting to see how much lower this goes. This is very high risk and doesn’t deserve high ammount of my cash when there are far more guaranteed options elsewhere. Fortune does favour the brave sometimes just as trying to catch the falling knife is often folly.

It may well be hard to buy here when news lands it has to be said. However getting the asset back is one no mean feat , funding it going forward is another. None of the bod is known for financial wizardry to my knowledge.

Good luck and hope your positivity is rewarded.

Yeah sounds good. Why buy Shg for £150 m when you could buy a non producer for £250m. Move over simms there’s a new kid in town.