Member Info for Slippery1

MC doesn't take a huge salary from memory sub 100k and has the majority of his liquid assets in CNR shares. I remember he had to sell a small amount of shares 5 or 6 years ago to pay tax due on share options. 30p on Saturday now that would be good

Guilty as charged. In theory processing the gold should cost the same but B2G will want a margin and there's the cost to truck. Plucking figures out of the air say an extra cost of $300 an ounce total we could self fund the whole mine in less than 12 months On another note MC bullish and confident currently so expecting very good news from SRK as well

No that was a sell order finally filled. All the little sells over the last 2 weeks were buys chipping away at the sell order. They don't show it until its filled

I'd vote for that. Even if we have to slightly discount or cap the price. Raising cash at these levels is suicide

If B2G have spare capacity it makes sense. Whether they have or not and how much they would charge who knows. It's just an idea to save raising cash at this ridiculous SP. Slim as far as MC screwing it up how can you justify that comment. He's proved the resource, got the permits even with Govt hinderance and unrest in Nic and raised cash at favourable rates vs SP at the time. I am convinced he will working away at something rather than sitting fingers crossed for market sentiment to improve.

Unless we can truck from the open pit and pay B2G to process. Yes a proportion of the will resource would not yield it's full potential value but it will give us more working capital. Anyone got any idea of B2G's processing costs?

Companies ultimately fail because they run out of cash, regardless of how profitable they are / could be.

Raising funds at the current SP or even an uplifted value is not an option IMO.

Does anyone know if B2G have any surplus capacity at either of their processing plants? Perhaps we could truck rocks from the open pit initially to self fund the balance of the project if an agreement with B2G could be reached. Not the JV everyone on here is hoping for but it eliminates the only hurdle left for CNR – CASH.

Just a thought……

Why spend cash drilling with current sentiment extra oz's is good but won't lift the SP imo. The sooner we are producing physical gold the better.

EL Point taken maybe a little bullish. Can't fault anything MC has done either Patryk. Unfortunately I have bought so many in the numerous lows over the last 9 years my PF is now solely CNR. I just transfer 20k to ISA each April and hold. I have no doubt that we will all get many times our investment in the end and I for one will still be in to the end.

No matter how many conferences Mark presents at, and the fact that permits are sorted, we have gold in the ground and POG starting to rise any small sell drops the SP yet larger buys fail to redress the negative market sentiment.

Raising more cash at this price or even at a premium for a JV or buy in surely is something he wouldn't want to do.

My bullish approach would be to release a statement stating whatever CNR does never gets reflected in the share price, permits, drill for more gold, promote the project and the POG increasing. so with that in mind CNR are going to concentrate solely on the BFS and construction of the mine with Bank finance retaining 100% of the project in the existing shareholders hands. This would definitely make all of us shareholders feel better by giving the collective middle finger to the markets.

The profits from the gold production will do the talking for the share price re-rate then, rather than the corrupt and fickle market that is the AIM

Thoughts?

Thanks for all your answers

Having spent the last 13 months trying to get my warrants out of my old Barclays Marketmaster Account (they screwed the transfer up countless times) Hargreaves Lansdown have now said they can’t hold them (even though they said they could at the start of the process).

Has anyone managed to find a home for them easily?

Cheers
Mark

No reply. Guess you actually read my original post. Just out of interest how long have you been in CNR and what are your goals

Seingred if you read my post it was a comparison if we had the same rise. Not a prediction. Here's one for you to ponder is ddd MC or Jibbo's new account lol

Jibbo or V1d or even MC ? Oh by the way I'm Ross......

I could fart more shares than were traded today. Just saying

Seingred, it was a comparison to another share I was in and what happened to it. Anyway forgot to add the 30% + uplift we'll get when the bids start coming in lol

I was in another exploration company waiting for permits. The lead up to it price increased x 2.5 then x 4.5 during the month after so I'll chip in with 3.93 per share a month after permits

I believe it was �28.40 sctually lol

http://reut.rs/2C3lAPA