Member Info for thelearner

ShangrLa - thanks for posting - hope you are correct. I am seriously underwater here - and unlike DVH have not been brave enough to keep buying and average down.

Could buy 3.75 million just now on HL for .2825p per share - but would only take my average from 1.42 to .92 - so unsurprisingly did not hit the buy button - my hard earned will go elsewhere.
I seriously hope LCCM goes ahead and becomes very successful - for all of us.

I just cannot see NCM exiting Australia - Cadia is a cash cow.
https://miningdataonline.com/property/888/Cadia-East-Mine.aspx#Reserves shows reserves - low AISC and in mining friendly country.

I have had plenty opportunities to take decent profits and have missed them all, becoming too devoted to the companies and thinking it could get better. Sitting on large losses now on all aim shares, all in junior miners. I am still hopeful ggp will save me. Was 500k up at one stage, now just about break even.
Here I will be happy to break even, about 60% down.

I just got the HL messages showing me all the offer shares we have received. Increased our holding, and average reduced from just under 34p to just under 31p.
Like many hoping for a quick sale and out - at profit - let's see what happens. If I get my cash out quickly - think I know where it will go.

Well looking at HL accounts - all I can tell is all the cash I put in there and my share sale cash has all been used to buy the 15p entitlement shares - but as of yet cannot see numbers of shares bought or value for them on the accounts.

I made a mistake on the excess shares on my HL form. I was taking allocation in iSA and putting them in trading account, and in the first box put my allocation number only, instead of total amount, with clear instructions of what I wanted in the message. I then realised my mistake and sent secure message to H L but had no reply last time I logged in. Will check later today.

I have taken up all my entitlements. I sold some shares this morning - was worthwhile to but back at 15p, 16.17 was sell price, and have funded 1 part of entitlement with £1.3K and requested a further £2.5K above entitlement into share account.
This probably means we will be trading below 15p next week.

Seingred - as you know I have always valued your opinion - you did well to sell in 30's - wish I'd done the same and I would have been entering again now - possibly.
The only reason I have faith is JM involvement - although he has the bonus of warrants. Hoping JM and MC do not let long term shareholders down.

I have taken up the offer in my wife's SIPP - added funds to do this.
I have re-read HL instruction a bit more. I can take up offer from ISA but using funds in my share account as long as I leave instruction to do this.
I have not decided yet whether to do this or whether to sell at 16 (have the £15 dealing charge) to buy at 15.
There is the option to sell a big chunk - and then apply for more than the allocation - but no guarantee - anyway for me it's sleep on it and decide in morning.
I do think full take up of the placing will be important to the market and for SP. Not sure it will be fully taken up though but hope I am wrong - hope it's very much oversubscribed. Last think we need is another placing after this.

Other option I have is to just buy on open market - could use trading account - and offset any CGT by selling something else I have in there at a loss and then buying back.
But in my previous post - I am wary about "throwing good money after bad". I agree with ISAPENSION - you never know with CNR

With HL I have until noon tomorrow to decide whether to take up offers.
I have not sold any funds in my ISA's and have no allowance left. So I have to sell CNR shares and still undecided.
I am going to decide tomorrow morning - was hoping to see a small increase in share price. Don't think that will come now.
Those saying sale will happen quickly - hope they are correct, as long as we are north of 50p. Think many long term holders will want resolution in some form - I'd have preferred to see mine going into production - but not going to happen. Hope most LTH can profit or at least break even. Many high's and lows. The last time it was at 62.5p I was very tempted to take profit and run - wish I had now.
Interestingly, think the trajectory of gold price and maybe other metals may start to go northwards - many of us have been waiting a long time for this - including JM.

I was brought to CNR (and AIM) by watching Jim Mellon on various interviews extolling the future price of gold and how good a prospect CNR was.
To be fair to him, he put his money where his mouth was and invested a lot in CNR - and now really has full control of the company - which I am not sure is a good thing.
Do I think he has the interests of long term shareholders at heart - I am far from convinced - he has the interests of Jim Mellon at heart - but I also understand this.
I underestimated the risk of investing in a company whose only (very good) asset was in Nicaragua, undoubtedly a high risk area - recently proven by the sanctions and what it did to our share price.
I do understand the decision to sell - and get someone with the finance to build the mine and get it into production quickly, but I do not understand the decision to sell without a backup plan for CNR to go and finance the mine build. He could finance it himself - on very favourable terms.

I completely agree the mine needs to get built quickly - the govt of Nicaragua want to see the jobs and royalty incomes.
I have to generate about £4K by next Friday if I want to participate in the offer - and all the time I am seeing the SP creep nearer to 15p. My gut is telling me not to do it - it will bring my current average of about 32 down - I have not worked out to what, but I'll have to sell funds - which sometimes takes time to get the receipts.

Surely JM knew by setting the placing/offer at 15p - that's where the SP would head.
JM could end up buying the whole lot at a very low SP - maybe that's what he wants - he could even buy the whole of CNR and take it private at very low cost if there were no other buyers. That is one of my fears.

I've now learned a lot in AIM.
Take a profit when you can - which I have failed miserably at - here and with other junior miners.
Don't throw good money after bad - which I have undoubtedly done.
I've been following the mantra - the stock market is where the impatient transfer money to the patient. Not sure that quite rings true - but I accept timing is everything on entry and exit.

Good luck to all long term shareholders - I have invested a lot in AIM - but only what I can afford to lose - although nobody wants to lose anything. I am not going to sell CNR - I am going to site here hoping for at least a break even exit. But I am not confident.

The offer - I'm assuming if all shares held in ISA's - if you have no allowance left - you'd have to sell some other assets to have money to do the purchase.

I guess I am like many other fools on AIM who have been too slow to sell and convert to cash on all of my junior mining stocks - I never expected Condor to be below 20p again. If I look at my other AIM stocks - I have not much worth selling at this present time. !

I have no idea what the timeline will be. I really hope that gold price shows sign of a big increase - this will help us greatly in terms of speed of sale and price realised.
I would have preferred to see the BFS and this announcement long before the recent US sanctions - this has done us no favours - and some will be looking for a bargain buy - the only thing that will stop that and help shareholders is strong demand and multiple buyers. £1+ I'd bite their hand off now. I think we will see some quite low ball offers though. Hope I am wrong.

I am still here and holding - did a couple of small top ups for the grandkids in the low 8's - but no more accumulation for me - either in GGP or AIM explorers hopefully going to be miners - which are all in the red. I am about break even here though.

Doublehun - "there is a massive market out there probably with plenty of opportunities " - there will be - but if in AIM - only a very small % will give investors a return. I sit here now wishing I had traded many of my stocks - hopefully I have learned my lessons. AIM - I have seen plenty of pump and dump on here - don't put GGP in that category though. Although I probably love it too much!

Looks like it was a contarctor company employee involved - Procon - - tunnelling and underground mining contractor
https://www.reuters.com/world/americas/newcrest-mining-reports-safety-incident-canada-mine-2022-10-23/
https://procongroup.com/project/brucejack-watering/

Very sorry to read about any accident where someone is seriously injured or worse - and most important thing is to learn lessons and implement them across all your operations.
Unfortunately looks like someone has been seriously injured or worse - and huge impact on the individual and their family, and colleagues.

Hard to expect anything from current BOD except awarding themselves more bonuses. Hope I am wrong - don't think the new major shareholder is building a controlling stake - trading volume not high enough.
Although I hope they are.

Coach - I am same as you - my average is now just below current share price as I have bought all the way along the journey. Think you had a lot of shares if my memory is correct. I am early sixties - but these are for my family - so just holding and hoping.
I have no complaints at all with what SD has done since he took over.
GH was quite smart exiting when he did. I take some reassurance that CB and Starvest have remained large holders - well I am assuming that.

Just hope the drill comes good on some of the other targets. I read a lot now, here and a bit on GGP chat - cannot keep up with telegram.
All my junior miners have suffered together.
Until Ukraine is sorted - and we have peace - still huge threats for markets and the world in my opinion. But no point in worrying about things over which you have no control.

Hi Doublehun - I had intended going but cannot make it now - real pity as was looking forward to meeting some other investors. Another time - have posted on the other place to let Strudel know.

I really have never been able to understand those that have doubts about NCM intention to mine Hav.

1. Telfer grades poor and struggling to keep it paying for itself while it awaits new feed ore - yes this can be more low grade new discoveries at Telfer - but the game changer will be the high grade ore from Hav.
2. Already pointed out - NCM have spent over $250m at Hav already - and continuing to spend - as well as considerable spend on Telfer to keep it going in future.

Why would NCM not mine Hav - and yes I agree delaying the development of Hav would have weakened GGP - but SB will come under huge pressure if Telfer turns loss making.
SD IMHO has proved himself very capable - yes I'd have liked SP to stay higher and be higher - but largely been out of SD's control. Patience required for all long term holders.

Interest rate is 3.5% on bulk of loan, 4.5% on a small part - and NCM load at Libor +8% will be paid off giving cost savings.