Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Was looking to add yesterday, dodged a bullet. If this hits single digits I'll be scooping some up. Very little debt, money in the bank and production trickling along (albeit could be better). Brighter days ahead once this cloud has passed i think.
Next leg up will be on confirmation that drilling has begun. I expect to see this exceed a £50million market cap (circa 30p) on the hype alone.
For context, HE1 hit £100million market cap in anticipation of drill results.
Strap in!!
I still think ADR info was leaked hence the sudden rise from 40s in July as shares were bought up in anticipation. Unsure where this will drift but if it reaches anywhere near mid 50 marks, I'll be looking to grab some more. Medium term this is looking good to exceed £1
Regarding the ADR's, does anyone else feel the sudden rise we had recently from the 42p mark has factored in some of the potential ADR's gains to be had? Its quite convenient that the share price rose on no real material news (I'm aware of the sulphides) and then we get that ADR RNS.
Not insinuating the directors leaked anything but perhaps the news had leaked and maybe someone's built up a position knowing that once the ADR's go live, there will be demand for shares (which there are not many of) and they'll be able to sell into that for small/modest gains?
I could be and probably am off the mark here, but just speculating. In any case, I managed to de-risk a fortnight ago so riding on free shares currently. This company really has the hallmarks to make it big so I'm looking forward to how it progresses over the next 18 months. May even top up if we drift down.
Agree Seingred. All too often people get caught up with the hype around value in the ground. I used to see it that way too until i took major losses on AIM in the past. I'm holding another share which has nearly $2 billion in the ground value and is located in USA, yet its valued at £50m mcap.
There's plenty of positives for CNR but holders should also note this is a single asset in a developing country. We could loose it overnight (albeit unlikely) and go from 40p to 5p just like that. The market wants cashflow and until MC can strike a toll deal or confirm a production date, we languish. I was very positive when initial talks of toll mill began but seeing as nothing has come to fruition, i wont hold my breathe. I also thought by now we'd be closing in on production but that seems maybe 2 years away still. Grrr this one really tests my patience but i refuse to sell up, after 10 years.... its either all or nothing.
Wont be anytime soon slim. MC needs to get this producing before we can breach a £100m market cap. Predictions of £2+ a share are wayyyy off.
I'm in SHG which is debt free and actually producing and yet its languishing. Appreciate its a different continent all together but the geo and political risk factor will always be a burden on the share price.
Having said that, I've put a sneaky order in at 40p (if it fills) as I think we could see another run to 50p on good news. Long slog this one, come back in a couple years.
Had to listen to my head and de-risk. Taken my original stake out, let the freebies now run. This ticks many of the boxes to become a much larger company but AIM is a murky place and we are all here to make money. That Zak Mir tip off may bring some short term traders in which brings volatility.
If it dips in the future and the fundamentals remain the same, i sure as hell will be looking to accumulate more. GL all
Market does not care for anything other than 100% land, confirmed finance package and a confirmed date for first pour. Everything else is just noise.
Till then we sit back and wait (as we have for the last 10+ yrs). Mark has continually chipped away trying to get Condor to either production or takeover. The day Mark gives up hope, I will sell up fully.
AIM rearing its ugly head again. Wouldn't be surprised to see this drift lower and lower until production is back on track and then pop! It'll shoot back up before you know.
Holding at 8p avg and take comfort that unlike many other AIM miners, we are producing and debt free. Just need gold to hold a decent level till Shanta gets through this rough patch. If gold falls, then better get your tin hats on!!
Here's my thoughts:
1 - Its all about US tech currently, there's a lot of hype there along with Crypto. Gold isn't really in fashion currently
2 - The market is pricing in a lot of risk (political, unforeseen production issues, delays, higher AISC than estimated [look at HUM for a example])
3 - We're not the pretty girl at the party. When you have a "in-between" resource, the hype is lacking. GGP have a mammoth gold find but have yet to produce. Yet they're valued at around 10 times more than us. We either need confirmation of a 4M oz resource or a JV with a big hitter. Its ironic that if we were a speculative play performing our first drills, we'd probably be worth more.
I also hold SHG, and despite producing around 80k oz a year gold and digging for more, they too could be classed as undervalued.
There's only so long a market can undervalue a share. As long as Mark keeps on ticking those boxes and leads us to production, we should multibag (barring any external issues such as politics etc). It only takes 1 stonking 7am RNS and we'd open up a double the current price.
CNR - Explorer on the cusp of production
RCR (listed on ASX but you can buy GUN which hold a stake in them) - Exploration starts in a few months, fully funded for possibly 2yrs. Their acreage is in the same region as GGP's mammoth find. Any whiff of commercial viability and it could explode.
Holding tight onto my SHG, I do believe gold will have its day. Crypto is stealing the limelight but its still viewed as speculative by many. Even if gold went to $2000+, we'd be making a significant amount of cash. Happy to sit back and let the dividends roll in.
If the boxes are being ticked, there is no need to watch daily SP movements.
I was frustrated at the lack of clarity before yesterdays announcement. No ETA on production, no idea of cost, no idea of mill size, no toll - nothing. Everything was up in the air however yesterdays RNS is very significant.
Not only has it reduced lead time to production, we now have a mid tier on-board taking a small stake in Condor. We're no longer alone in this and it raises our profile a little. We also have the hardware capable of producing up to 100K oz/year. The next set of boxes to be ticked would be finance and land. I'm ready to purchase more on any significant share price drop (providing fundamentals are still sound).
Possibly, but what's more, Calibre no longer have us by the 8alls. It wouldn't have surprised me if Calibre were dragging their heels on the toll milling in the hope that CNR run out of cash but seems todays RNS has now tipped the ball in our favour again.
If Calibre want the extra revenue, they know where to come.
What a belter!!
Now remains the question, how much more money do we need for CAPEX to get into production? Surely this has lowered our capex requirement by a significant amount?
Dilution done and dusted (for the time being), I'd expect the share price to drift down over time unless we get some strong catalysts.
Tempted to now top up but holding back as I suspect a strong copper price is holding this share price up currently (even though we dont produce yet). Funny old game the markets, explorers creep up when their commodity price (in our case, Copper) is rising, but tank at even the slightest sign of weakness in the commodity. Lets hope the BOD can sail this ship to first pour now