Member Info for Seingred

Good to hear broom. I have gone from nearly 30% down to nearly 25% up in a couple of weeks so pretty happy. Glad I did my adding just before and just after 🍉 warrants conversion. Be nice to see 30 p heading our way .

Gla

Don’t get me wrong rider but don’t you think that in the world we live in currently, peoples circumstances can change dramatically rather quickly.

Lol c f , along with all the other broker forecasts. I suspect there may be one or two paid pumpers here currently but that is fine with me, I just want an exit asap and if we get into 30s with no news want to de risk a chunk . Peeps obviously think this guy has much more cred tha billionaire master investor 🍉.

Jt , you didn’t check out clsk did you? Party time in crypto miners . The trend indeed is your friend. Don’t need some German wunder investor for that one.

Hope we see your 45 p that would be nice.

Good find c f . So,

2.15 m oz proven and probable . Cnr 600 k

£168 m and note deal includes all outstanding warrants and options that are in the money.

Look at the timescale!4 years! That is what has done for Cnr . Puts dreams of £1 p share in perspective with 200 m shares at present and will rise some yet. Obviously this isn’t an asset sale and a deal of similar structure is unlikely if it is Chinese that buy.

Another nice steady day. Would be nice to see it carry on to year end.

Justone, we are entitled to our various opinions, of course, but you said we have been informed that it is imminent and that is factually incorrect and misleading.

I am hopeful for a deal and mc gives optimism but to be balanced, after a whole year and 5 cash raises, he has to have something positive to give or the sp would probably have sunk further. I am positioned for a sale. Just think it’s best to take it as it comes. It may happen soon but he didn’t inform us it is imminent did he? He did however tell us he expected by summer and we had a spring spike to 45 p and ended up back at 15 p when peeps were calling that imminent. Imv we are further down the road and hope for something in q1. Of course it could be sooner hopefully but historically being too optimistic here has never been a good idea.

Good luck .

Justine, you said we have been told a decision is imminent. Now you give your interpretation of imminent. Not quite the same thing is it?

You say we are waiting for a bid from six. Yet in a year there have been 3 site visits.

Best to keep things factual , over egging what mc says is why many here have had over optimistic expectations for years.

Justine, I must have missed the bit where he said decision IS imminent. Perhaps you could link that?

Everyman and his dog knows that if a deal is truck a 60%_100% from 15 p lools. Bagging from over 20 p is a stretch imv but happy to be wrong on that.

Jt, when you bailed I thought about selling some. Purely to put more in clsk . Decided to wait for the raise and added some more to get average down . Absolutely don’t blame peeps that are heavy under water not wanting to stick more in. Hope you get your 45 p.

Worth remembering that the sp rose quite fast to 34 p last march and the deal was going to be done by summer so nothing is guaranteed. And we ended up back at 15 p and more dilution. There are now considerably more shares do last years 35 p is probably this years 30 p.

Personally I am hopeful that a deal is cooking but take nothing for granted and don’t think it imminent. If we should continue rising I will deffo want to take profit and not fussed about the end game.

Jt clsk up nearly 400% this year and the more Bitcoin goes up the more crypto miners rise. Of course there will be some big re traces too do good for trading. Stuff bonds. Good luck jt.

Lardy,Much more chance in crypto than these aim casino cons. Bull run started. Dyor of course 😜

Ddd, think we are on a similar page there. Yes still decent risk reward . Been buying sub 15 up to 17 p. Think I am done now. Could be that if you bought 15/1) p a decent profit could be made before news. Up 30% now from 15 p not bad in a week. There’s peeps been holding for 10 years would like 30%. Expect some selling in the mid 20 s .

Slowly, yes I think that is the case. Market knew there was a raise coming. Then there were two with a week suspended animation until the placing was completed. Was always going to move up after the raise. A bit of encouraging comments helping . A 100% er from 15 p is a good risk reward with negotiations ongoing . I added from sub 15 up to 17 p. Think I am done now and waiting now for an opportunity to de risk.

Good luck

Nero,oh no he doesn’t!

Why necessary when £1 m converted ? Unless Mellon made it a prerequisite for converting. However both should have been anounced together. Not complaining as bought in between. Just saying it would be a bit dodgy if there is a deal anounced imminently as simms alludes to. I do not think deal is imminent but more than happy to be wrong on that.

The more cash we have in the coffers the better as none here know any of the possible costs that are upcoming.

Onwards hopefully 🤞

888. £1 equates to almost £200 m without outstanding warrants and costs. Nero gave an example of a sale with over 5 m oz pnp , ours is 600 k. You are now in Shg I note , look at what they have for around £120 m . You are just leading peeps into disapointment territory.

Agree simms, buying in between warrants and the following raise was a good entry . I bought some expecting rise after sweetheart placing. Now we are seeing the actual market price that the raise should have been at. You still think that directors are not in a closed period if a deal is imminent???

Simms, 888 told us just over a year ago that Bradda head was a proof of mellons skills. It has lost 80% of its value since. Nero is correct, stop sexing things up and wait for news . We are funded for 6 months and there are negotiations, nearly £7 m raised since the strategic review and as yet no deal. Does it mean no deal coming no, does it mean imminent, no. Let’s wait and see what happens !

Hi cf, did you add any last week. I picked some up last week. Pre announcing a possible raise at 15 p was bad imv but did give a chance for bottom fishing . It is now moving as it would have last week had they not forewarned of a raise. Nearly at breakeven now and going to think about de risking mid 20 s. Might be being hopeful but funded for good 6 months makes a big difference. The market knew Cnr was going to have to raise just like last year and pushed the price down.

Good luck

Moving up now the telegraphed raise for the boys at 15 p out of the way hopefully.

Cf, yes. We have burnt m in the last year and £4 since jan so imagine a 6 month runway and Mellon still has another £1 m outstanding. Hopefully now the sp will start moving a bit. Really this should have been released with the previous rns but hey it’s done now and we are funded for a good while. Let’s see if we can get the deal finally . Year and a half is a long time to sell an asset and £6.7 m spent to achieve is not impressive mr m.

Simms, what you fail to consider is, number of shares at deal end , expenses including Hannan, mc and anybody else’s rewards, legal costs and I believe 15% tax. There is likely to be 2010 m minimum shares, quite possibly more. There are outstanding warrants at 23p and 28 p as well as another £1 m at 15 p. I believe you can deduct 15-20 m from total. I think £100 m would probably be a fair price. Nero example gives £184 m for a much bigger resource. You can argue the pros and cons but we are not worth equivalent. Even taking the present number of shares nearly 200 m and no costs, that would give you 50 p a share but there will not be no costs!

Slipperry. The way it was worded was that certain investors would like some at 15p, so taken on face value would imagine it is already agreed. Should have let the sp run and then announce any raise when it is ready at the market rate. Mc has effectively manipulated the sp down which I do not like at all. He has given market sensitive news that has affected the sp, but not by rns. The only benefit is to whoever will receive the shares. Do you think this will be another open offer?

Slippery, I get being funded is a good thing for market sentiment etc, my point is that if he hadn’t mentioned 15 p raise incoming then the price would more likely have carried on up . We could have then raised higher which would be much better for us and given the message that Cnr shares are worth more than a measly 15 p. It was stupid imv. You would not expect having just secured funding for 5 months for the sp to be rooted at 15 p still. Does give peeps a further chance to buy in the open market at 15 p I guess.