Member Info for Seingred

888, I think perhaps it’s the market you better try and convince. M cap should be worked out with fully diluted which I estimate to be 230 m so 30 p roughly £70 m .

What is serious money 888? This will not see upwards of $150 m imv if sold. Shg is currently under £100 m m cap with 2 mines , 100 k oz production imminent and a Kenya asset the equal of Cnr. Let’s see.

Simms, as usual you are confusing speculation with fact. I do not believe zijin has been named. They are Chinese and could be in the frame along with many others Shg were approached by 2 Chinese outfits , neither were zijin. Personally I think Cnr is too small for them but could be wrong . However a Chinese suitor makes perfect sense. Calibre would be a more logical target for zijin. Cnr would work out expensive compared to calibre with instant cash flow.

Buriticca has a reserves of 3.6 m oz high grade against Cnr less that 700 k. Zijin is in the top 20 gold producers. Cnr really is suited to a mid tier imv.

****. currently enjoying nice run in us tech. like everything, entry level key. nvidia been sweet so far. us super conductor too. i like shopify for future and cleanspark for trading and bitcoin rise next year.

heavy in mining but see tech as safer guarante moving forward.

looking to add a bit here v soon.

When’s the next consolidation?

Doesn’t matter how low this goes there is always a couple of loyal idiots trying to sell the dream. Worth a look in every now and again as a reminder of what an aim lifestyle company looks like.

Hi Dukey.

Dr, cheers for the reply. I agree, Omi in no way going to be going legal with majors.just have to see if the compromise appears and what form it takes. You don’t think n m want out?

Don’t think it’s a matter of anza being rubbish. Majors change course and act differently to smaller or mid caps. Personally think mid cap would be a better fit.

Simms, mc recently stated that the market would be notified when a binding bid is received.

Looks like a good day for buying?

Jack all, I did try warning of the downside of juniors tied up with majors. Majors mothball projects and change strategy. They sell off good assets. Shg bought a great asset in west Kenya from barrick cheaply and are proving up great results. Barrick now have a holding in Shg.

The problem with Omi is that the management have no real credibility along with no skin in the game. When you look at Canadian peers in Colombia they have respected mining people in charge. Omi go it alone is a dead duck in my view so have little option but to play softball unless another suitor comes forward. Possible I guess. I like collective .

Sitting on your hands is often painful.

I make that a good couple of weeks now for the 6-7 p!

Maybe there is good news coming and 3 p is a good buy but for anyone needing multi bags to break even it’s a public enemy lesson. Don’t believe the hype. Always look for possible negatives. Doesn’t make you negative, just means you make a balanced decision .

Good luck all

Contact with mc rather . Lol

Dr, anything to share ?

Nero, absolutely , I have never contacted mc. I have found generally on aim particularly it is not great to invest according to ceos words. The rns are the only things that are fact hopefully. Mc didn’t inform us of protests at la India that resulted in giving up resettlement plan , that was left to mellons previous partner in crime tw.

A very good example Nero. Way back when I stated that the timelines given on here were way off and that we would not be constructing 18 months after permit granting and that we would need a bfs . You were insistent that mc stated it wasn’t needed. We finally had our bfs end of last year years later than the blue sky predictions for production including mellons laughable attempt. So, no I do not give ceo contact any of my time. Prefer to use common sense, work from rns Work out when the next dilution is due and invest accordingly . Obviously I have a different view to many here but has kept me in the blue. I do not share the view that Mellon is going to be looking after anyone except himself. He has worked a good average now for himself with his rather greedy 3:1 15 p warrant issue plus interest for 2 months and has his long term cohort on the bod now.

Can you actually point to anything that contact with me has helped in your investment? After all you laughed at me when I stated I would be happy with 70 p a few years ago?

To be fair Nero, conjecture has been fine these last 5 years as long as it was giving a positive spin and as it turns out completely misguided view of timeframes and share price valuations. As I have always said , mostly due to posters rather than mc. I always said this like everything else would be a much longer process than anticipated and would roll into q3.

Personally, I use rns for forward planning. This process is anyone’s guess . Market isn’t liking going much above 40 p currently but goldies have all retreated. Sticking with my $100-150 m valuation tops but hard to equate that to sp without knowing the follow on so expecting 50 p tops .

Ok sharebel, consider your words marked.

Sell at 100% is sensible. I am looking at starting to sell around the 25 p mark hopefully. My expectations for sale price is somewhat more modest than many here . Free carry is very sensible. No guarantee that there will be a sale and still the chance of needing more cash, possibly loads of it.

Yeah, nice move so far

Nope, for what point?

Yes Hall and my personal opinion is , that this will run and run, cash will dwindle with no progress to support the sp and so will drop further. No chance of 6-7 p in one more week or one month. Yes there could be a significant move north if there is a positive breakthrough with the majors. I am not expecting that to happen any time soon but there may be a good trading position at some point. Very glad to have switched a lot out at 8 p and let more go before the recent tank.

Noranti. Everything I have brought up has been relevant but shot down by certain posters yourself being one. I shouldn’t have been the only poster to see mellons forecasts as stupid. I shouldn’t be the only one to see this was never going to be producing in 2020,21,22, or work out when each of the last 4 fundraisers were due.or work out that the land buying was very slow or that sanctions were coming. All fact and attacked as de ramping.

In regard to your previous post, it is not that I think I am cleverer than some as I don’t think I am particularly clever It is just that most here are just obviously more stupid than me.

As regards j m, This is the man who will decide our fate . He has reduced his average very nicely by crashing the sp and giving himself a massive 15 p warrant reward. He won’t sell it cheap. What’s cheap??? Production forecasts were for 150 k oz this year from him. Doesn’t really sound like a great record for trust to me??? But hey he’s only our chairman.

Frenchie, nope , no interest at all in talking to him. I prefer to make my own decisions based on common sense despite the rubbish posted on here for the last 5 years and complete bunkum from Mellon.

E l, actually I don’t feel like letting it go. I have done what Andy sane investor should do here over the last 5/6 years and taken abuse from a half dozen ign