Member Info for Seingred

E l, indeed . Someone should do it because personally I don’t really have big beef with mc my beef is with misleading posters here who never take ownership . Just propel a new pile if overhopeful unresearched rubbish and try cancelling caution. Clearly here caution was the sensible course of action here over the last 5 years . Even my expectations in fact have been over optimistic even though I am a de ramper, etc.

Brig, perfectly fair post. Unfortunately posters who have historically posted unresearched over optimistic forecasts never seem to be held to account and are quite often the ones that want to cancel others right to opinion. However just silly name calling isn’t helpful. My opinion has always been to manage my holding according to how I see the direction of travel. Don’t see the point of sitting there moaning but holding shares that are going down.

However , even with cautious view and careful trading I have now just entered the red and am quite wary of this continued delay of any real news. This is an extremely long time with no deal. We are told that there have been many low ball offers. Are these the 5 offers referred to in pr?

It would seem odd that many here see 60-80 p yet we are just above 20 p and no one’s buying!

Let’s hope there is news in the next month because the closer we get to a full year in this process with no deal the lower credibility will be.

I have just swapped a few into cleanspark as that is a miner that is far easier to forecast. Fingers crossed here though as still have strong holding and may buy lower if I have a result elsewhere.

Good luck

Mm

Jack, have virtually none left , sold most around 8 p. 2 p worth a throw in case Colombia happens but sounds like he is going to let them off the hook for the guaranteed spend to me. Would be buying at2 p to sell any possible spike on news. Sorry about your average. Good luck.

Can’t help wondering what the onerous responsibilities are? .

Might buy back a few around 2 p perhaps on the off chance.

Sakura, did cross my mind. Giving up any options , months from sale. Does seem odd to me.

Few less options to be cashed.

Ddd, I think your $150 m is do able. However I think you are light with 200 m shares by conclusion. You also make no allowances for expenses like sale Costs, mc new bonus or the 15% tax that other asset sales have incurred. Personally I round up to a possible 20% for deductions. I make an assumption regarding the 15% tax but it is on two nica asset sales I have seen including one of our own.

I have highlighted before continental gold sale to zijin in Colombia. Very similar jurisdiction in many ways. Sold at the gold/gold company peak 2019/2020. Reserves of 2.6 m compared to cnr 600 k and mine fully funded and near completion. Sold for 1 b dollars. 11 m oz resource with further exploration upside.

I may be cautious or indeed a doom monger and will be more than happy if that turns out to be the case.

We are all making our predictions we just may have different methods.

let’s hope we have an agreed deal this quarter. I think a completed deal this year is unlikely but not really important. It’s an agreed deal that’s all important. We will be funded into next year with the rest of mellons 15 p warrants .

Hi connect. Request politely declined .Sorry but themes my take. When everyone was predicting an early conclusion I said q3 . As it turns out I was over optimistic . Only hindsight will determine if something is doom mongery.

Good luck

I imagine Mellon converting the rest of his 15 p warrants oct /Nov which will see us into 2024 and bring Mellon close to the takeover limit. We know his modus operandi , 17% interest or 2.5 warrants for any further support.

So they have had lots of low ball offers that have been rejected. 5 maybe? Ndas gone back up from 7-10. 2 site visits this year mm. Seems to me that we may still be early doors in any sale.

We are not mine builders. Yet a couple of years ago we were going to be producing 150 k oz.

Sometimes best to read between the lines. Of course mc gives an upbeat interview, we are trying to sell ffs.however 20 months and £3 m in we are issuing new ndas and no firm offer. No proper answer to what if there is no acceptable offer? Mc correct it is going a bit slower than expected for sure , why?

Fingers crossed here but not too convinced personally.

Indeed s . This year!

Https://m.youtube.com/watch?v=j-iXXtOUdls&pp=ygUtUmVnZ2llIHBlcnJpbiBpIGRpZG50IGdldCB3aGVyZSBpIGFtIHRvZGF5IGJ5

Suddenly got a flashback to Reggie Perrin there with your post ddd.

Hi ddd, not being funny and I know it’s repetition, but mellon led peeps to expect 150 k oz production this year. I don’t give too much credence to a vague comment from him tbh. Sudden goo or

Ddd, the only thing that is clear is we have been up for sale for 10 months and there is still no binding bid. Meanwhile we have added shares and spent nearly £3 m .

Simms, so what does £100 m give you for your Cnr shares? No point waving your finger in the air. How many shares, how many costs. Personally I think £100-120 is probably the price if they can get it which will not clear 50 p. Are peeps going to vote against a deal that gives less than 50 p ??

Roxi, where on earth do you get 70-90 p from from this rns . How much will that equate to in$ for the company??

Just had a quick scum before work.

Two visits in last 6 months when was the third ?

Cash burn running at around £300 k p month . Raising generally with around £500 k left each time . £137 k liabilities. Imv next warrant/ raise oct /Nov which will take us over the 200 m shares .

99.6 % of the important land bought.

Not seeing suitcases and handshake imojies in this rns tbh.

Gla

Well done. It’s all about the timing. I am hoping this one comes good as could do with some useable cash too. I like calibre and happy to hold for now but have the feeling that the sanctions issue is not over yet so will be ok departing both at the right time. Tbh I am getting a bit jaded with miners . Going to keep a few good producers but my best results over the last year are in us tech, not that I am much of an expert but had a good run there. Goldies are just way too cyclical and hard to forecast. Personally preferring Bitcoin miners , more predictable and tradeable.

Good luck in your endeavours and hope you have a good car. Mines clinging on.

Again simms, what level of offer do you think equates to 50 p? I think Mellon will accept an offer below a price that equates to 50 p if it is the best offer . To me to return 50 p that would mean an offer in the region of £150 m . Near $200 m.

Any sale is dependant on the ministry of mines. There could be many reasons for mc being in Nica including dealing with them. I agree that China seems the most logical move from ortegas point of view. No sanction worries further down the line and following the political transference since before 2018.

However I still think equinox could be a suitor. Ross invested originally on the asset strength but became unimpressed with management. The geology hasn’t changed and a buy price around or below his previous buy in or exit price should be attractive.

C f, you are more on the ball with calibre than me. You holding any? Was a decent swap for me selling Cnr around 35 p and buying calibre $1.25 . Not spectacular added a few more in the crash though. An equinox or calibre deal would suit me. Happy with paper.

Pdp, Cnr had £2.4 m in the bank on Dec 31, they have raised another £1 m in warrants so not sure expenditure is that low but would give a good idea of where it’s at.