Member Info for Seingred

Cf, perhaps they didn’t offer them out whilly nilly with teasers . 14 months and yet to see anything confirmed doesn’t suggest a bidding war it suggests a poor sales process to me . Personally in the blue just a bit and thinking of reducing risk. I don’t see top side of more than 100% here the downside of a failure could be very painful.

Ddd, personally dont think you are factoring in enough costs. Don’t think you gonna bank this before this April either 😉

Events, it’s not a processing plant it is a ball mill, just one part and not sure it is 100% there or if the last payment has been made yet. As for keeping up. Basically where we were a year ago but with more dilution . Hopefully a deal comes in the coming months but still no guarantees . Rome wasn’t built in a day 😜👁️🍉

Tbh, would think with collective, a merger may be the best end result. Paper deal, but not sure they would want to offer Bradley a seat on the board.

Dr, agree royal rd are not desirable. For me a mid tier producer is a good bet. Cash generative, and more of a hurry than majors. Aris would be a good fit or there is mineros who operate the hemco project in Nicaragua but are Colombia based. Collective are a good company but do they need more on their plate. Will be interesting to see how it pans out.

Hi Jack, been buying back gradually, stepped it up a bit this week but determined to keep average to around 4 p. 3.5 stm do room got a bit more . I think at some point reality will hit here and personally want to be derisked as soon as poss. Obvs need to be able to change tack depending on how things pan out but personally my view is the 50 p pump was exactly that and unlikely to see that again but we definitely will see regular confetti. Getting the asset back is just the first step.🤞 for a continuation but imv the only way to be in aim is to be prepared to trade. This isn’t a football club and if it was you would sack the managers. You have to look after yourself cos they sure as hell are doing so their end.

Good luck

Surrey, you may have little concern but not all see it like that. This idea put forth that the sp in short term doesn’t matter has been proven flawed at every one of the numerous cash raises worked out at a discount to vwap.

Perhaps as well as reminding one’s self of why you invested it is pertinent to ask what price you first invested. This is far from a done deal still and over a year with no tangible results isn’t encouraging to outside investors. Many new buyers I suspect have departed with their quick 50% .

Simms, calibre m cap around £330 m . Food for thought.

Hi Rob. Well I have been adding here and up a v nice % currently with ave around 3.5 p not wanting to go much over my favourite 4 p ave but may go to . Would just add a bit of my customary caution with the well known phrase. Buy the rumour , sell the news. I am v happy with the market sentiment here recently. It is easier mentally to buy with a sustained rise .

Re Bitcoin , first etf starts trading tomorrow. I am still v bullish on those miners and adding. Currently working away doing crazy hours for some timely punting cash.

Re goldies, $2 k gold the new $1200 seems to me. Producers are way off their 2020 peaks . They have continually put on like 20-30% for a couple of years only to give it back up . I am hopeful for this year on all fronts. Also into quite a bit of us tech. Hope you enjoy the film. Not seen it. I just look at the graphs, supply etc. Havnt had one go bust unlike Aimees.

Still a hell of a lot to be sorted here yet and yes dilution is the next enemy. That is where Bitcoin is good, if you have a Bitcoin it never gets diluted unlike the printing press fiat money . Anyhow good luck all , it’s good to have a good rise

Good luck imp. I have continued adding small bits . Keeping average low 3s so far but will look to add a quick chunk if momentum keeps up and results elsewhere work.

🤞

Simms, everything tanked today including goldies. This constant hopefully deal next week for month after month doesn’t help, it’ll happen when it happens. Or nog as the case may be .

Magoogle. Good post. I have long since given up trying to explain the ammount if drilling needed to prove up a resource that many post as if a formality. The $20 m wouldn’t have touched the sides. Worth keeping close eyes on collective and their raising already. Of course they have the benefit of industry respected and proven bod.

I sold here around 8 p and transferred into Cnr where I have held on and off for around 13 years. They produced a bfs late last year and fully permitted . Total resource 2.4 m and 600 k proven and probable. Their m cap is currently around £50 m. Just sold out of Shg which is a 100 k oz producer for £150 m This is way off any resource and staring at major dilution whatever way you look at it.

Buritica had a resource jorc estimate of 11 m oz with 3.6 m in the proven and probable cat. Peeps have used buriticca for justification for crazy valuations with no regard to timescales or dilution let alone jurisdiction risk.

Does it mean that you cannot make a profit from here, no is it highly speculative , yes . Good luck

888, I think some here tend to read and then try hyping up what Is communicated. Anyhow, I think for a change we are reading similar. Having a number of goldies and a couple of silvers, no matter the high gold price, the share prices are way off their 2020 peaks. Fair to say there should be scope for further rises if pog continues but nothing guaranteed. This is why I have been more cautious on valuation than most. I have often used Shg as a comparison here . The argument against it was that you couldn’t buy Shg for anywhere near the m cap yet Here we have Shg being sold by the bod but also nomad for around £150 m. I think none of the recent aquisition examples show an eagerness to pay big bucks yet. Being in advanced talks is good. Not sure it guarantees an auction situation but it could. One or both could fall by the wayside but hopefully we are heading for a bid. Fingers crossed.

I been disappointed with Shg , I just do not see that it is a good time to sell, I think a years time with proven commercial production at 100 k oz and further exploration would be sensible, coinciding with pog higher hopefully.

I have sold the majority of my Shg and stuck it in various places as Shg is now static in a hot market elsewhere currently but obviously could change. I hope there is a better outcome in Shg and it is possible. Good luck there. And here .

Hi 888, the only bit to focus on imv is

The sales process is taking longer than anticipated, but the Board is anticipating that further progress will be made in the New Year. So wondering why some posters speculated on news before Xmas etc . Also states no firm proposals.

This is a bit away from a done deal imv but hopeful for a conclusion.

Of topic (dangerous ground) are you holding on with Shg ? I decided better to get the cash working asap . Market is hot atm. Could well be that the offer doesn’t get voted through I guess or possibly a rival bid.

Https://www.ncronline.org/news/caritas-staff-convicted-posadas-forbidden-amid-christmas-crackdown-nicaragua

Jackbal, have you exited Shg yet, I am largely out and it has been a very productive week or two on the us market particularly. Bitcoin proxies and tech really been tearing it up. Couldn’t see a point in waiting in Shg for a maybe rival bid .

Hi Rob. Let’s hope so. I think if it’s going to happen next year is likely to be the year. Looking at my goldies currently , they are way off their 2020 highs. Long way to go to just re claim that. Which may well point to some good rises if it is a sustained bull market.

What is more guaranteed to me is the Bitcoin bull market we are entering. Already huge gains made in the last year.

Bitcoin miners are way the best performing miners in my pf . Clsk and Mara up around 250% just in this year. I know like many you are not believer but would advice keeping open mind. I could have been paid in Bitcoin for a job about 9 years ago by a mate when Bitcoin was $700 and is now $42 k and likely to be at least $150 k by the end of this cycle.

Like with gold Bitcoin miners are likely to go up multiples of the Bitcoin price. I understand not wanting to get involved in crypto directly but proxies like miners or my favourite microstrategy can be held in a isa.The conditions for gold price rise are also good for crypto.

I have been adding some U.S. tech this year too with good results. I have had too much exposure to hold particularly since 2010 and it hasn’t been very rewarding. I think it could well have a good run and I have decent exposure but certainly not banking on it but it is best to be able to change course so if it suddenly has a major test out will swap and add.

Good luck got the upcoming year

Https://oilprice.com/Metals/Gold/US-States-Make-Bold-Move-to-Reclassify-Gold-and-Silver.html

Interesting one. This is where tokenised gold makes sense

Slipperry, 0£3.93 a month after permits lol. I could certainly write a book on the pathetic predictions of many on here.

The thing Zi do find amusing here is how the posters that have got everything so wrong here over the years think they are the bb moderators. I don’t need your permission to post Nero ! And idly I share thoughts that would benefit some p

B, do you mean 2 and 3 p?? That’s decent advice. Better than 50 p lol

C d. Had a good run in a vax. Eth has been my major hold until recently , been transferring to a vax, sol, polka dot and a few alties. Eth too pedestrian.

Been in and out here but long on clsk and holding Mara , bitfarms and a couple of others .currently holding a bit here. Want increase in isa coverage . Have you checked out the 6x Bitcoin gains vid ? . Worth a watch. Food for thought.