Member Info for Seingred

Dr, not sure I agree that it is a blessing in disguise. The longer the project sits not being drilled the closer the start of share printing. This is a long haul , the long held plus of being free carry will start to ebb away when the confetti starts to be printed.

Amazing. You get lifestyle minnow companies with dozens of posts a day yet you could be forgiven for thinking nobody is in here.
I like Trd and add on the dips. Looking good currently.

Agree straight sale is by far the best outcome. Personally I think the talk of asset sale may well have kept the sp back. Any new investors want to know exactly what they get. 4 offers is good news . Should be a good week. Lol Frenchie my first was 0 .95 p .
Yes wonder who the Canadians are? F m, well why not buy in any of the discounted raises then? I fancy equinox , not just because I hold but Beaty knows this project well. Lots of Canadian producers so could be one of many I guess.
Might hang in a bit longer Nero if it’s a straight sale ;). Paper in the right producer would be ok the way things are heading currently. It is still about 235 m shares on a fully diluted basis .
Getting interesting. Gla.

Nero, yes it was said in jest. However, I always try and assess as we go along. When I was in Omi I kept lifting the limit sell order as the sp was looking very racey lifted it from 10 p a number of times to 35 p and sold . I originally was happy with 1-200% .Obviously at 40 odd p peak they weren’t real value and soon went sub 20 p and now sub 10 p. That can happen in the open market. I will see how we go. I rarely sell all in one go or buy. I am interested to see how far we get before news . I am imagining mid 30 s maybe 40 p . will be looking to lose some in that scenario and pretty much derisk. Then see what happens on news and let some go at that point . Will perhaps keep a few just in case. I may be wrong as could anybody else but am less likely to be disappointed than many. Buying and selling is not an easy process and easy to get wrong. Thankfully I am up nicely through sensible management of my holding and do not need to risk being stiffed by mellons new company. I don’t share the admiration of him. Yes 40 p is a decent de risk price imv for 17 p shares, however may change that if the sp movement dictates, ie if we were to head over 40 p before news. I think that’s unlikely but not impossible. The market can get overexhuberrant at times and could give an over optimistic value for Cnr before all the implications become apparent. It’s all to play for. Always best to be adaptable imv .
I posted a link to an asset sale by royal rd in nica for around $29 m and from memory around $5 m was withheld for nica authorities. Nobody showed any interest in this which surprises me. Would equate to $20 m on a $120 m deal if replicated . What if the deal all folds at last minute, unlikely but not impossible as rns state. Best de risked imv as the sp would crash in that scenario. Obvs if your average is above 40 p that is a harder call to make.
Obviously I could be wrong or as richard cranium keeps declaring, a serial de ramper.
I am happy with 40-50 p just like I stated a few years ago that 70 p would be ok for my 40 p shares and took flak as a de ramper.
Good luck with your strategy whatever that is .

Hi rob, don’t think you are ramping . Anything is possible with pog. However Omi Havnt proved anything up yet and are a bit of a way off that , or even drill results atm . I am in a clutch of producers , gold silver and copper and sitting ok there atm. Moving in tandem with pog. Omi time will come along with other exploration companies .
You could be correct with your hopes, personally I think if I live in the here and now and make that work any large breakouts is icing on the cake re pog. Hard to predict 5 years time but this year looks pretty decent . Hope so as I am up to my ears in goldies.
Continuing weakness here gives opportunity hopefully to take profit elsewhere and add a bit hopefully.
Hope you doing ok .

Jt, you are wise to look at every possible aspect. Although Cnr raised £1 m end of nov and £3.3 m in mid dec , they had £2.4 m at end of Dec . It’s now mid April. Mellon gained 16.666 m warrants for a £1 m 1 month loan plus interest.
There are currently / non binding offers although some are now stating 3 . Shg had 3 offers and no deal value ing the company high enough. Mc seems confident that a deal will be done although it now transpired that his bonus has gone from £1 upwards down to 40 p . Should tell anyone with an ounce of common that the £1 plus forecasts are highly unlikely. The other complicating feature is the asset sale and transparency on proceeds. I suspect that many, myself included will ride the pump but maybe not want to trust Mellon the granny robber to disperse fair recompense and sell at a considerable short term profit. It’s only over exposed lt holders that need to hold out for much higher price. It’s all a guessing game . One thing for sure is that if the process goes on too much longer and a deal doesn’t transpire, more cash will be needed before year end so fingers crossed.
Personally I think there will be a deal, but may not equal many peeps expectations. Nobody here has any idea how any deal will be distributed to holders or the ammount of costs involved .
Timescale. Coming towards the end of first phase. There will be months yet of negotiation, questions etc yet before anything definitive and then months before completion imv. Not expecting to see cash return from company before q3 at earliest personally but not going to wait till then .
Obviously a different view to many here , happy to be contrarian and currently 60% to the good. Also happy to be wrong and get scooby doos £1.50 lol

B, exploration not following pog yet , producers first . If the bill run gets going should follow. This needs news.
Currently Arcm are awaiting confirmation of Jo with AAL. Nvs is chairman there as well as director here and should be noted has experience of negotiating Jo with majors. Been a long wait in there but could see a similar scenario as here a few years ago. Obvs anybody dyor on that one. I am hoping anyway.

Specially for you jt
https://m.youtube.com/watch?v=2TyipwcgLqg

Ddd, agree mid 30s looks easy and 40s less so but you never know with a bit of momentum but looks like bod have named the starting price at 40 p so may be difficult to go above until some numbers are released.
Drops on news like that are predictable but I think you are skirting around the large painful dilution that took the sp from around 24 p to 15 p. I predicted it and I am sure the market is wiser than I. Another interesting point in neros posted article that was pretty thorough is the more than doubling of the fully diluted number . That was dated 2020 I believe and just before Mellon was telling his followers that Cnr would be producing 100 k oz last year and 150 this. Plenty of peeps tried to validate that ludicrous claim at the time. Odd that now we need to hand it over to someone who has experience. Dangerous to sponge information from the bod and not use common sense .

C f, possibly keep a royalty payment . Mellon has brought his long term right hand man onto board for a reason. I don’t trust this process or mellon. Could go private or just dilute a whole lot more after a payout . personally I will look for a decent exit price on any exuberance on news . Good to see someone’s got their eye on the ball . Good luck.

Nero, good article but very out of date. Some interesting stuff raised though, like the seperate consultancy fees and extra add ons. Also the increasing the resource to 3 m oz.
Missed that one ac f . Not surprising really . £1-1.50 long sailed.Basically they can make it up as they go along. 40 p sounds fairly safe for mc . There’s the bottom line then . Pretty much what I was reckoning 40-60 p . Well done for spotting that one, quite telling.However if there is an asset sale they can keep rewarding themselves . This is aim , set up for the reward of bod’s . If you are lucky as an investor you may do ok depending on your holding management. That’s why I trade when sensible.
Looking forward to zac Mir’s 35 p, looking very possible .
Good luck.

Very sensibe posting haddock . A dose of reaity is often not appreciated but wise to take on board. Glad to have sold the spikes here and re bought very much lower. A bit underwater currently and trying to judge the bottom before adding a bit more.

Hi break, yeah I been buying dips in producers over last year or two but no cash atm so moved a bit to hopefully take advantage of bid process over there. Sold here close to 8 p so ok so far and buying Cnr for 24 p so far so good but could all turn to sh.. t of course. Still holding here, just less. Tbh I like the excitement, trying to beat the market rather than perennially waiting for news that is late that hopefully will be good. Will be returning funds back here as long as I don’t miss the boat. My trading is driven by not having spare cash to stick in. Good luck

Sold some last week and popped it into Cnr Looking for a quick bagger and hopefully buy back here a bit heavier than before . Don’t see too much happening here for a bit.
Gla

Broom tree , it is not unheard of to retain a royalty payment of say 2% . That could be a possibility. I don’t think Mellon has installed his long term partner in crime for no reason .
Mc recent Bruce may well be because his previous bonus was on buyout at more than£1.
Had a couple of buys last week so now just over 20 p av now and happy with that . De risk 30-40 p for me and see what gives . The hype seems to be getting going and hoping to make the most of it. Good lucka

Agree that is a pretty confident statement and depending on the sum should push the sp a lot higher when rns d as fact . Could be last chance to top up much below 30 p .

Mr lion. Would you like to give an example of where I have been ‘bearish’ and incorrect ?
888, I think you will find that Swiss man’s video was from just before the rise from 16 p. He mentions that goldies are very cheap, and we may see 10 baggers during a bull run. We are not in the bull run yet so why does that infer particularly good news for our close sale? It is also known that producers will benefit first. Yes mc has been banging on about £1 for years meanwhile more than doubling the ammount of shares in circulation. And as for analyst estimates, they are paid for and I cannot remember the last time I saw one become reality but they have been continually dropping over the past 4 years for Cnr. Couple of years ago £1.40 and £1.60 before that. Best to use common sense. 40 p sounds ok to me, any more is a Bruce.
Gla

https://m.youtube.com/watch?v=qN7a3crJGo8
A good interview with Ross Beaty re lumina gold that he is aiming to sell in equator. Worth a watch.
He states that gold companies are still beaten up just like our Swiss friend. A good time to be buying, maybe not so good for selling. 17 m oz , m cap $200m Canadian .

Ddd , I would be extra tic if my 17 p shares went for £1.50 , giving a m cap of calibre who produce 250 oz gold and cash in the bank, but for some reason it sounds too good to be true to me .

Yes joe interesting interview.
Holding equinox, aris , cnr and some f m . Been buying all three over the last year on the big dipper. F m , being harder work. Equinox and aris soon to both be 1 m oz producers. Although aris m cap currently $565 m canadian. There have been quite a few lows to bag 30% on producers over the last year and a half. Explorers much patchier.
Cnr will be sold as they are in a hurry. Note this is recorded before the rise from 16 p . 16 p to 40 p would be a pretty great return in short term. Doesnot mean multibagger from 23 p and we havnt really started a bull run yet so probably selling early. Also note comments on price per jurisdiction comments. Nice bit of coverage none the less and good general interview.