Member Info for Seingred

Slim, I imagine looking at the balance by dec 30 that mill was paid off but just guessing. Certainly hope so.

Bankroll small scale production? If so, what astronomical costs will that entail?

End of dec cash was £2.444093 m.

Cnr raised3.25 m June 2022 and raised £1 m end of dec and £3.3 m dec21. Would be interested to see cash position end of q1 for a clue. I suspect another raise could be likely if this process keeps on at this speed.

Still cagey about how we get our cash. Not ideal for attracting new investors.

Seems pretty confident of a sale this year sometime. Just for clarity it would be useful to know what mellons idea of a decent offer is? Is mc saying that Mellon wil

Sub 2 p and I will re buy some gradually . Prefer a 2p average to 4 p. Risky though. The problem is when/if this issue is sorted. I refuse to use our cash in valuation because that will be gone in another year with little progress most likely.

Mm simms , market certainly thinks so?

The silence is silence nothing more or less.

Rns is all we want. Very little generally transpires from these events except peeps trying to extrapolate from mc demeanour. The quarterly statement due soon is of more interest to me.

Jack, unfortunately I think aim has always been a cesspit. I learnt to view most aim bod’s with suspicion having put cash in rrr and rgm. Mr Bell is enough to put you off for life but amazingly there are always posters unquestioningly predicting the earth and unable to accept cautionary views. It is gambling and best to have a gambling mindset in these shares. Even then it’s not easy. I have hardly any left now . These guys have little credibility.

Agree re $2 m.

Thankfully I have escaped with my pants in tact .

Hall, pullers, when we were over 4 p you were predicting 7 p within a fortnight. You clearly know f all. Good luck though.

Pog on the drop. Not helpful. Further rate rise to come ?

E L, Omi has problems with joint venture, Cey and Shg have Odey as a shareholder selling down. Equinox , slightly up. I think there probably has been a bit of a hit re politics but small compared to sanctions and pog has been on defensive for a while. For Cnr I think lack of any positive news is more likely responsible for 30% drop from 34 p .

It is fact that the rns informing the intention to go for sale claimed the finance for construction was pulled because of sanctions and market risk aversion. Markets react to perceived risk . Calibre share price halved on this news . The geo political are worsening over time and it is quite possible that further sanctions from us may follow. Always consider the possible risk imv. Regarding previous nationalisation. From v early 1980s pog was in a decline and took 25 years to visit its early 80s peak so not the best timing. et’s not forget though that a lot of Cnr resource was a simple conversion of Russian exploration estimates.

Quicker a sale is agreed the better.

Ben, nobody’s paying $300 for us . Obviously you have to add $110 or 160 m construction fees on top and a 2 year wait for any income. Currently Shg , about to be 100k oz producer , with a high grade exploration project close to Cnr is valued sub £100 m just for reference.

Let’s have an offer please, so we can move on, I cannot bare the idea that after a massive Mellon giveaway last Xmas that we might have to go to plan b and yet more dilution and thumb twiddling for more years.

Hey ddd, good line. Worthy of Alanis Morisette. Dont Spode there’s 2000 forks in the Cnr canteen.

Can’t disagree jack. Nutshell.

Still waiting for the 6-8 p in 2 weeks. Good news should lift this to that level, unfortunately seems like an outside bet to me.

Good luck all.

Isa, I have re bought here and averaging low 20 s so not hugely in profit now. I hope , primarily I make some profit. If everybody does great but I have reservations on that possibility. Peeps have been encouraged to stick ever more cash in here to have a chance of breakeven or profit. Thankfully I used trading to reduce my average rather than new cash. No guarantee that I won’t regret it though. Fingers crossed as I could do with the cash. I did swap out of Omi to buy back here which has been a result so far since omi have since halved since. I am a long term holder albeit in and out over last 5 years.

Good luck all

Isa , what I can’t believe is nobody else queried it, some tried justifying it as possible and peeps are hanging on any inference from this granny robber.

Jimmy, a bit of humour is always good . Best miners I have are Bitcoin miners. Buying the crashes and selling the highs. Clsk good . Arb risky but big movement with Bitcoin. Micrstrategy a good less risky crypto related . Trd a nice uk divi paying blockchain services company.

We all make mistakes, just important to not keep repeating them.

Good luck

Ha ha jimmy. Obviously no3 😉.

This bb lacks a bit of humour generally unfortunately.

Mc said we didn’t need a bfs . lol. Just for you a change of record lol.

I been buying tech that’s taken a hammering already like shopify micro strategy and Clsk ,and nvidia and amsc,before the hike and Tesla.this year. Thinking they have had the bulk of their hit but could be wrong.

Good luck.

Jhongle, it means nothing , just like his forecasting 100 k oz for last year and 150 this year. Best stick to known facts. I am interested to see the cash balance 30 th of march in next 1/4 at the end of this month. Will give an area how much cash is left even if it is 3 months in arrears

Jamin , I been buying selected U.S. tech and my best performers this year. Holding a lot of extra rives too including a bit here. Just gone in the red again here unfortunately but looking to pick a few up if we go lower.

Hard to imagine that care and maintenance can count towards exploration but hey nothing would surprise me here. Bad enough that overspending on drilling the wrong way counts towards 1 year of phase 2. Doesn’t leave a whole heap to finish phase 2 given some of the expectations here.

Surprised this is holding above 3.5 p. Tempted to dump the last of mine here and see what happens . Evens up or down imv . Little Omi has no chance of dealing with 2 of top 10 majors financially. If it comes good should be good for anyone judging the bottom but a fair if imv. Back to crypto for moi.

Jhongle, did mc actually state that Mellon is funding plan B ??? Really? That will be expensive for share holders thinking about the terms for mellons 1 m short term loan. Can’t wait.

Lol. Close to mining , err , at least 2 years away which is quite a lot considering you forecast 100 k oz for last year. I am hanging on every word . Not.