Member Info for Seingred

Or £58 m if you want it in brexit. How much cash do you think calibre need for their new projects and ongoing explo etc. just remember Simms , calibre paid $100m for the two mines they bought and have been making cash ever since I don’t think they will want to pay what many here hope for. The raise was for exactly what it said on the tin and I think it more likely rules them out!

Karl, everything plummeted at covid onset . It was a flash crash. Bitcoin hit $4 k then hit $68 k little more than a year later. It was a buying op that many of us partook including the covid stocks. Timing being crucial as ever.

Imp, although I had a quick iny pity in ggp I regret not leaving half in but never really considered ggp longterm because of mr Bell having been involved early. A prime example of ceo who sucks the life out of shareholders in his lifestyle company rrr and previously rgm. Hard lessons learnt under his tutilage in aim.

Karl, you think bod are dumb enough to think that their tiny buys would support the sp.??? Am I understanding you correct ? Seriously?

Orlando. In the case of an asset sale I can imagine a suspension being possible. All relevant costs taken out then divided by the number of shares which would probably include a number of warrants and options . How many would be cashed would depends on the bid price. Any in the 40s would probably not be cashed . There are a number of costs to be deducted including marks undefined reward hannan fees and I believe a 15% tax in Nicaragua . A full takeover more straightforward but costs still apply.

Currently there are around 200 m shares but could be up to 220 m imv . So a £100 m sale will not clear 50 p in any scenario. Personally I don’t see a bid being much north of £100 m.

I believe nica gvnt will have a say in where this goes and I cannot see any reason why they would want it going anywhere but China. I would be happy for calibre to be the aquirer having a holding there but just can’t see it

Nice little move today but then most of my goldies put on around 5% so not sure if this is a news related move but here’s hoping.

Concur slim. I also imagine Ortega wanting to steer it away from the imperialist gringo establishing a new force in nica mining. Book5 recent comments re co op making some sense. The ministry of mines will have final say in any deal imv . Easter fast approaching and another holiday period 8 working days left.

Dr, yes we agree that the j/v avoided the need to dilute . Well not quite. However, very little of value enhancement was achieved during this time and now the confetti printing has started and will continue. This placing shows how little they can raise and the astronomical cost. 25% discount and a full warrant share per heavily discounted share just reflects the weakness of Omi position. $500 k will achieve naff all and there will be another raise this year. It still remains to be seen what costs will come with divorce. Would agree that collective and Omi are totally different beasts , one with respected bod that can attract the finance needed at no discount to prove up multi m oz resource. Peeps here talk about multi m oz resource as if you can do it on a shoe string. I just cannot see how this bod raise the needed finance and the recent placing us pretty good evedence of that.

I have never seen a placing at Cnr with such a discount or a full warrant attached. That is a company that is a reasonable comparison as far as I am concerned.

Outcrops recent placing doesn’t appear to have a discount either. Still not a decent comparison?

Here is collective recent 18 m placement to do 40 k m drilling. No discount and a half warrant per share

https://markets.ft.com/data/announce/detail?dockey=600-202403040900CANADANWCANADAPR_C8874-1

25% and a whole warrant is giveaway and only equalled by hopeless cases like alien.

Dr, tbh 2.5 -5 p is fine as a starter. Again my issue is how they finance things so waiting for clarity. Happy to add little bits on dips tho.

Hi yella, I think 100% is the tops and quite likely less. It’s a complicated one because it is framed as an asset sale. Correct many hope for more. Some much more but they have been way off on everything for the last 5 years and bury their heads in the sand because they are underwater long term. A scenario I don’t like and find that it’s best to trade out if things are not looking rosy. I am not underwater there by trading when sensiblesnd not adding new funds.

As it turns out they arnt committed to $30 m here. Tbh there isn’t that much to show for what has been spent so far imv.

Dr, concur , worth a punt. For me too much better opportunities elsewhere but will add on dips or on good news.

Dr, let’s start by using $usd . 1 billion. Next is a very important point . Resource categories . They had I believe 3.4 m in proven and probable(reserves) and 11 million in inferred and indicated. Currently Omi has no jorc estimate at all. Peeps talk about the estimated resource but ther is ne defined jorc estimate. Burittica was also financed to production and fairly close so really non comparable.

Quite how this tiddler will finance this is the conundrum for me. When that becomes clear like myself many will buy here I imagine. As for guessing the pog that’s pot luck. Most experts have been wrong for years. The talk I see now is that U.S interest rates are going to stay high longer .

Https://munknee.com/how-to-value-a-junior-miners-gold-in-the-ground/

Breaktwister. What level of jorc do you think gives $50 per oz?

I am in Cnr . They have 2.4 m in inferred and indicated and 600 k of reserves . High grade and a market cap of around £50 m with a billionaire chairman! Possible 10-14 m oz project. Karl nobody is paying for possibly maybes.

Karl, you may have run limited liability companies but have you run one that has no income stream and no prospect of an income stream ? The forward motion here is totally reliant on dilution and maybe a j/v. We have a geologist in charge of that who invests no real cash. N v schdink has been paid for years to get a j/v god Arcm. Look at collective management team !

Good luck here I wouldn’t write off a trading spike geee but these guys imo are not credible in the mining world .

Surrey, he predicted 100 k oz for last year and 150 k oz for this year then turns around and states we are not miners. The accolites didn’t question that prediction. He has also been predicting huge pog gains for ever. He also paid £1.60 for Cnr shares . Hero worship won’t dictate your profits here your average will and the market conditions for acquisitions. I don’t see that much of a shift in producers share prices yet let alone explorers. Nobody is going to pay extra because Mellon is Uber bullish on pog. If he is so bullish why arnt we heading for production with $4 /5 k pog just around the corner??

Funny you mentioning n vidia. I sold nvidia when I thought they had topped a few months back they dropped back and then powered forward so re bought above my sale price and now 55% up in a few months in rebuys . Curious why you wouldn’t have bought back since 2018. The last couple of years have been massive. Tech has been very kind to my pf over the last year and a half . Gold is very hard work to do well in especially explorers and generally the cash is made in a short spell. Ltholding is not a good idea in these shares as Cnr is showing. Cnr far from a bad example too unfortunately.

Good luck.

Polo, the halving isn’t baked into the price. It will rise to the halving and it will rise after most likely peaking q3 next year. In regards to the etf , you should check out how many Bitcoin black rock are buying daily along epithet others . Supply and demand dictates. Cash is streaming out of gold etf into Bitcoin. There is also eth and solana etf to come yet!

Solana has risen 1400% in the time Cnr has been up for sale! Bitcoin and eth up around 200%. Microstrategy up 600% clsk similar. This binary view to investing is plain stupid. But hey .

Have bought a bit back here this week just in case tho. 100% here would be ok if it finally gets a wriggle on.

Go on then polo. There’s at least another year of Bitcoin bull run left and likely to hit $200 m. Guaranteed there will be a big pullback at some point but likely to be $100 k at the halving .

Nero, we have crossed swords on this one before. If you look at pog and producers share prices you should see that pog went from under $1200 to $2000 and peaked 2021. Indeed I stated this when swapping some into producers such as Shg in 2018 for 4 p when you stated we were still in bear market! Most producers topped in 2021 . Agreed the majority of last 12 years or so have been poor but as always timing is critical.

Hirsch, our great Mellon stated that sanctions had knocked Cnr ability to raise finance for the 150 k oz production he forecasted for this year when announcing a sale process in what we all agree has not been a good time to be up for sale. IMO you are dreaming with your sp hopes but as always, good luck with it.

Slim, cheers for sharing. Better let Hannan know lol.

Agree with Sakura. A deal has to come eventually, what remains to be seen is what it returns to shareholders.

Pens poised, filling in next options release and expenses lol.

sometimes it’s just better to switch to a better mode of transport. Gla

Hirsch, I think the idea that king Mellon is stringing this out to catch a rise in pog is a tad hopeful. Amazing that so much kudos is attached to someone who led peeps to expect 150 k oz production this year. The reason calibre are doing well is they are producing gold and bought two mines for $100 m yet you hope for £1 plus / $250m for something that needs another $100-150 m and 2 years to get to production. Geo politics are worse for entering the country for western companies however they are already there ,producing, debt free,cash rich and diversified.

Simms you have been predicting deal finalise in a month for over a year now. Best to just wait for the good or bad news imv. My prediction is if it completes the sp returned is unlikely to be much more than double today’s. Not bad if you are buyin in today . There is also the possibility perhaps of suspension when deal is anounced if asset sale until payday. Not sure I fancy that much.