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Agree, a solution will see us back to 7s but don’t se that in a few weeks . Certainly happy to be wrong. I will buy some back perhaps around 3 p without news .

Gla

Hall, personally think sub 4 p much more likely than 6-8 p . At 8 p toon army was predicting multiples within a couple of months. Listening to rampers can seriously damage your wealth . What exactly is going to double the sp in the next fortnight?

Benn, agree with your comment re aris. I have spent a long time in Omi trying to dispel the idea that Omi is comparable with ggp. Unfortunately using logic is often drowned out on these boards. Colombia has a similar jurisdiction to Nicaragua re costs , however it is much more lawless . However it is very prospective and Latin americas 4 largest gold producer. I like aris and hold a few but think that calibre is a better bet sp wise in mid term.

Ccc, what we can see is that there have still been 3 site visits, the same as 3 months ago

And if there is a possible us interested party that means we are still in phase 1.

888, the reasons for sale are in the rns just before mellons very expensive 2 month loan that included interest and 3:1 at 15 p. They are not my words so if you want to use de ramp hyperbole you should direct them at Mellon . I think it would make sense to call someone who only a couple of years ago was predicting 100 k oz production for last year and 150 k oz production , a RAMPER ! Yes our incredible non dom chairman .

Calibre and aris are not comparable. I am also in Shg that was approached by 3 buyers. Still not comparable but a m cap of around £120m last time I looked. Soon to be production of 100 k oz and a very good growing high grade resource in Kenya that will soon be larger than Cnr. Yes it would sell at a premium but probably not any more than some here hope for Cnr. The obvious question remains. Why reduce mc incentive level to 40 p???

What is still very unclear is in the case of an asset sale, how many costs and how much is likely to be returned to shareholders?

As far as further resources , calibre paid $100 m for b2 d assets including 2 working mills with further exploration potential . Cnr could have chased the same deal but calibre had far more credibility with the new Newmarket management. Some here called it a bad deal and some said it wouldn’t complete lol. Nobody is going to pay much of a premium for unproven gold , it will however be an added bonus for the buyers.

Jhongle, the stated reason for being up for sale is the difficulty raising cash in the geo political and being a one asset non miner .

The longer it takes the more chance that Cnr will need some more cash. I guess outstanding warrants or options could be exercised to give a longer runway.

Still only 3 site visits, more important than the ndas I would think. 1 new applicant, so not into phase 2 yet. Guess maybe phase 1 lasts until a binding offer. Mm

Simms, we are not comparable to calibre. They produce circa 250 k oz of gold pa , Cnr produce nothing and are 2 years from production. They are riding the gold price and their ever increasing production, revenue and higher grade reserves .

Very well done . If you make a tha money , pay the tax innit. Unless you happen to be our tax haven non dom chairman.

Lol, there’s one born every minute . Yep desperate to get back in . Like posters on here are going to affect the sp. Thinking like that might explain halls posting tho, He thinks he can talk the sp up .

Good luck all .

Jhongle, perhaps a time to chrystalise any losses elsewhere if you have any for offset and re buy?

Hall, the cash in the bank screams 1 year before more cash needed and no sign of exploration just costs. Yes there is definitely potential but Omi is in complete limbo presently. Let’s hope we don’t see more options around this price. Would be the final insult.

You could have said Omi was 2 years behind ggp in terms of timescale pf exploration , which is how I took it, however this has proved to be wholly innacurate.

Hall do you think zijin is not a large mining company. The difference is they are massively invested and endured continual problems.

Dr, that is probably a sensible comparison. Not one that the multiples of 50 p were using for silly forecasts . Always best to compare apples with apples Ie Latin American explorers and producers imv. Things are all up in the air currently and hard to predict future, however what is obvious is that the cash will run out next year thus one of the two big pluses stated here will disappear.

Hall, you stated anza has significant reserves, it has none . There is gold for sure but no reserves.

Hall, there are no reserves and won’t be until completion of Phase three. We Havnt even started phase two to establish jorc compliant estimates. There is gold and Colombia is a very lawless country hence why comparing Omi with ggp has been ridiculous . If one mine is shut down the market is likely to hit others , particularly producers. Let’s see how aris fare this week. Well it’s not clear that these two do want to deal with these kind of problems yet. You pays your money and takes your chances but for me best to be aware of risks and invest accordingly

Specie, what bell has no history of is rewarding shareholders or respecting them. Good luck investing on the back of one court case. Still got to monetise it.

Ha ha Dukey , funny how we return to the scene of the crime every now and again lol. Hard to believe this caper is still carrying on sucking in new victims.

didn’t manage to get the Cyprus money sorted lol. How’s the Colombian giveaway going?

Hall, the cash in the bank is shrinking every week. This time next year we will be looking at confetti , the only question is where will the sp be by then. Going lower yet I suspect .

I am buying Bitcoin miners in the dips, safer imv than Omi. Much reduced here now . If I buy any more There will not be any confusion on if I reduce my average mr loonarmy., whereas your predictions of multiples in months looking pretty sick now!

Had a little re arrangement and added a few more. That’s it for me now I think.

Https://www.kitco.com/news/2023-05-17/Chaarat-Gold-inks-non-binding-LOI-with-Xiwang-for-250M-investment.html

Recent deal gives a rough idea of timescales etc.