I've been excited by this one, well at agm's - but noithing seems to prop up their own words. A 4% rise today is noise-level but welcome. What we need is so shiny metal, not pictures of rocks, or forests. This is meant to be a Gold co and all we hear is radio ga-ga.....................

Compare AAU - that's also moving extremely slowly, and in the wrong direction, in spite of good newsflow.

Cambridge Mineral Resources said it intersected high grade gold from the ongoing diamond drilling at its Quintana Gold Mine in Antioquia Department, Colombia.

The mining company said the results include 2.5 metres at 46.44 grammes per tonne of gold, and 1.75 metres at 55.39 grammes per ton of gold. It added that the feasibility study on the Quintana Mine has confirmed an increase in both reserves and resources.

Recent (June) review notice has upped the sp for two days - this is looking like something serious....but still cheap. I don't think I'll put more in, but if it "comes good" then I have plenty enough.
Since their last AGM things have been pretty quiet.....so this is only restoring the level of a year ago.

up 28% today on good mining prospects....goody
Let's hope it stays there as others see some profit here.

now they've found uranium in Bulgaria.

http://moneyam.uk-wire.com/cgi-bin/articles/20070628070018M5832.html

suspect this won't be making slow moves over the coming days...

In at last, heard about the uranium before when I tried to get some of the last placement, unsuccessfully.

thanks for the pointer oily, but with cap of only 6.5m, too small for CFDs ...... certainly had an exciting run over the last couple of days

Annual Report and Accounts out available on Company website shortly

www.cambmin.com

positive news with regards to the gold deposits in Colombia more of it !

Hopefully this will be the final push these shares need. Most pieces of news from CMR have been positive recently and the SP has very briefly rallied, only to fall back again. I'm hoping this time will be different.....

Last share placement at 3p for 8 million shares with 16 million warrants attached, amounts to a considerable dilution. The lucky traders to get these are already sitting on a 50% profit. If these holders start to sell on the basis that the uranium is not of as high a grade as expected then SP may fall back towards 3p levels.

Let's hope not!

Lots of largeish sales going through, although quantities are matched by new purchases. In the coming weeks look out for trades at 3p, these will be the warrants being cashed in.

It's doing it again. Good news, a nice rise, and then a drip back towards where it began. Very frustrating.

Oilyrag, anyone - Warrants - are these available on the open market? - I couldn't find any in moneyam. ( Camb Min)
If these are long-term(2009, say), they could be another way of playing this stock and/or holding-back the sp!....just wondering....thanks.

Hangon, the warrants were only availiable and attached to the last placement. Idont think they are tradeable.

Nice steady flow of buys the last 3 days and seems to be picking up today.
looking good. A bit of good news which is very likely based on what they have on their plate and who knows.

As per my previous post 'who knows' !!!

suspended due to change of adviser & broker???

seems a bit of an extreme action considering its changed its adviser/brokers previously without suspension.

In deed-e perhaps good rather than bad. If I say bad perhaps good !!
Penny Shares ' the horror of it all' !

AGM Statement
Reserves and Resources in-situ value - $16.26 billion.
Solid explanation and responce from company today.

Prehaps the broker and adviser change has something to do with the recent placement. 2 warrants for every share seems very cheap.

Very likely

Back with a bang.

fingers crossed looking good

Oilyrag I agree and until there is some extracted metal being sold, this is like any other prospect: - jam tomorrow.
It is the reason IMHO why any Placing is likely to be ( NOT ) in PI's favour.
The recent return from suspension caused excitement only amongst the Brokers and MM's who hoped we;d fall over ourselves....

Placing has gone through at 3p plus some warrants,

Quintana gold mine
15,000 ounces of gold a year
Colombian project expected to become operational in six months.

Yes, yes it all looks OK to me on the basis that "if good" it will be very good. PI's can't fund the mining operation; so there has to be a choice - go it alone with some dilution (yes the Warrants are a pain!),
OR
sell the stakes for a pittance, since only proven mines attract a premium.
OR
involve investors, which we are told is "costly" - mainly because the Regulations and hangers-on want to be well-paid.
IF CMR comes good, then we shall reap the rewards of many years gradual build-up.......so that's why I'm sticking with my investment now (currently down a tad), only when they start to come good will I stroke my investment - sure, this means I won't get all the up-side - but it also limits the down-side - if they went under 1p to buy, ( maybe due to floods, etc.).....I might add some more.

CURRENTLY TRADING BELOW THE LAST FLOAT PRICE. 2.88P TO BUY.

2.75P TO BUY.

Is CMR now ( just months after a Fund-raising), asking for more money?
Grief, you'd think they'd just discovered another vein of gold - but no, this new money would appear to be needed to start mining, for real.

Er, I thought CMR was spreading themselves a bit thin - but this is now at sub-atomic levels . . . . .yet the expenses appear to be based on . . . . . acrage perhaps?

I'm turning from being well-satisfied - to rather cross -
(The "spread" is also looking rather terrific.)
Grr.

If further funding is needed then it's unlikely to be at 3p - new investors will want to be sure they aren't diluted within the next year and may be looking at 2p - - so whatever the sp I'm keeping my powder dry. Let's first have some metal-sales!

Agree hangon. Sold 100,000 yesterday @ 2.3p and another 50,000 today @ 2.375.
Still holding 100,000 but well cross like you. I bought at near 5p.
UC.

If Electrum have to buy 50,000's worth of shares at an average of 6p does this mean that the market makers will have to push the price up to this. If so then this is a doubler almost immediately.

Hope so Oily, then I can get out!!
UC.

All this doom is NOT good( although "up" today a tad).

Yet I thought they had staked-out a rather good deal in S.America . . . but as is often the case I have great difficulty creating a Feel-good image of the potential "prospects".

About a year ago I suggested CMR employed a local artist to create a series of drawings of the conditions "now" and how it might change - this would be useful for investors and maybe also help with the "green credentials" of the company in the minds of locals, who naturally fear their land will be destroyed along with their way of life.
Of course, all we got was more digital photos; but frankly they could be anywhere and fail to give me that "insight" that you expect from a real drawing.

I'm still holding and hope that the 5p-level will return, Investors may recall some suggestions were that the "potential" was worth about 25p - possibly less now we've had more dilution ( and some "options" ) - so let's halve that "hoped-for" and look squarely at 12p . . . . . . but when?
Or, should that be "If".

TR-1: Notifications of Major Interests in Shares

1. Identity of the issuer or the underlying issuer of existing Cambridge Mineral Resources plc
shares to which voting rights are attached:

2. Reason for notification (yes/no)
Yes
An acquisition or disposal of voting rights
No
An acquisition or disposal of financial instruments which may result in the acquisition of
shares already issued to which voting rights are attached
No
An event changing the breakdown of voting rights

Other (please specify):______________

3. Full name of person(s) subject to notification Barclays PLC
obligation:

4. Full name of shareholder(s) (if different from 3): Barclays Stockbrokers Ltd

5. Date of transaction (and date on which the 22-Nov-07
threshold is crossed or reached if different):

6. Date on which issuer notified: 23-Nov-07

7. Threshold(s) that is/are crossed or reached: 6% to 7%

8: Notified Details
A: Voting rights attached to shares

Class/type Situation previous to Resulting situation after the triggering transaction
of shares the triggering
If possible transaction
use ISIN
code
Number of Number of Number of Number of voting rights Percentage of voting
shares voting shares rights
rights

Direct Indirect Direct Indirect
GB0001826303 18,423,457 18,423,457 19,329,866 0 19,329,866 0.00 7.13

B: Financial Instruments

Resulting situation after the triggering transaction

Type of financial Expiration date Exercise/ No. of voting rights Percentage of
instrument conversion that may be acquired voting rights
period/date (if the instrument
exercised/converted)

Total (A+B)

Number of voting rights Percentage of voting rights
19,329,866 7.13

9. Chain of controlled undertakings through which the voting rights and /or the financial instruments are
effectively held, if applicable:
Barclays Stockbrokers Ltd

Proxy Voting:

10. Name of proxy holder:

11. Number of voting rights proxy holder will cease
to hold:

12. Date on which proxy holder will cease to hold
voting rights:

13. Additional information:

14 Contact name: Geoff Smith

15. Contact telephone name: 020 7116 2913

Cambridge Mineral Resources Plc

2p-2.25 looks more than careless, this is freefall..... darn!

Merry xmas and happy new year everyone.

yesterdays UK move to nucular power.
Demand for uranium may effect this one with its already proven reserves in Bulgara it looks promising.

mcmahons
Not just this one but VML URA and many other’s it puts uranium back on the agenda.

agree with you both depends on quality of ore Bulgarian deposits proven and used by soviets

This morning, 2 x 650,000 purchases at 2.5p each followed by a quarter p drop in sp. then another 200,000 purchased at 2.1p each. Somethings on the move soon and I think its positive. Has anyone claimed ownership of the largest goldmine find in Colombia yet?

Excellent RNS out today, I suppose that the sp will fall. Does explain larger trades yesterday.

Changing threads as the other one is more informative.

Maybe, but this "subject-line" is better. Grief it's still knocking about the bottom....Arrgh!

Is anyone going to the London-Office, Meetinig, 10 March at 11am?
Note it is Fenchurch Avenue - not - "Street"

1.5/2p Ooooooooo!
Oh dear, down on surprisingly large volumes - is this a Mine, or a Drain?

Greg Smith from Fat Profits was on cnbc this morning, his looooong term price forcast for gold is $2,500 to $5,000 an ounce, are these worth buying now?

It all depends on whether you believe [CMR] management - that they are mining where Gold is likely to be found . . . and the rider, that there will be enough to reward retail shareholders when the recent Loan deals have been repaid in Gold.
That financiers were prepared to wait (for the dirt to be shifted), may mean there is good news to follow ( well, for them!), - - - but if the mine is as good as we are told - then there should be something for us investors.... provided no further Dilution occurs.

That is the scene - now, Do you feel Lucky?

P.S. With Gold so high I would have thought this stock would RISE - that it's still falling shows:
1) No-one believes Management is acting in Shareholder interest... and...
2) (same as No.1.).

Gold is rising because of currency woes ( esp. in US).....but this should continue for some years.... as India uses Gold for decorative purposes - also I suspect China as well . . . and S.America has always liked Gold.

I hold, but worry about the lack of newflow. . . . . . not that they can "make news" . . . Oh deary....no, I don't feel lucky. . . . . lucky to recover my investment, maybe! (as of today!)- since you ask!!!

Cheers hangon, I have bort some, that's why it's dropped.

Sorry about that, CMR is down 12% today = 1.5---2p Trades=
No news, so it's just MM's covering their act.

Not a good move by me then hangon !!!, shares suspended....doh!

I suppose we should have seen that coming, but then you'd expect these highly-paid execs to see it.
We know Politicialns appear to be feathering themselves and their nests - what to Prospectors do? Obviously the move to IFRS is beyond them.

This "probably" accounts for the recent falls . . . . just hope the Accounts are better than Market fears.....Oh deary.

Suspension lifted, and like an old motor, it slips off the b--- jack!

15% down, to 1.75p to buy - is this the bottom? . . . .was there ever a sensible reason for the Co. to allow itself to be suspended...or...was this deliberate to delay the accounts? ( and us, - being the real issue)....
...Oh deary.....

EDIT, 11 Aug08- All Sells today(AM) - w-w-what's up?
EDIT, 21 Aug08 - down yet more, 18%today - Sell=1p, Buy=1.25p...is this that bad? Latest News is somewhat lengthy ...did I miss some D e l a y ? (Note sp was requoted at 1.5p to Buy, but Next day(Friday) it slipped 10% to 1.25.....odd?)
Many miners are down, so I guess that the main reason...pity, eh?
EDIT 28Aug - up a tad, but I'm holding out until it reaches 1p - then only maybe.
+don't blame yourself - this is not a good story, I fear!

Sorry about this hangon, my astute buying has flocked another company.

1/1.25 today as it drops another 10%

canada1 - it's not you! ( I bought a few more, today.)

LOL, at last, I can blame you hangon. Statement looks good for today, I still think the shareprice is low compared to hmb with similar production figures.

Bought in today looks like things are moving at last.

http://clients.westminster-digital.co.uk/minesite/microsite/events/51/video/index.aspx?companyId=51_2

Thanks driver, my wife reckons he should stop dyeing his hair, he's looking like Peter Cox from idd when they where 65p, not convinced.

From the other side courtesy of ad1967


Here are my notes from the AGM:

Quintana development is progressing adequately. Production is on schedule for Q4, possibly November. The accommodation blocks are finished. The concrete foundations for the mill are part done and should be complete in a few weeks. Most plant is already on-site. The two missing elements are the mobile crushing unit and Merrill Crowe circuit. The former is in Bogota and is waiting for the unsurfaced roads between Medellin and Remedios to dry out. The latter is still in Miami (US). Arrangements have been made locally to use toll plant if the Merrill Crowe kit doesn't arrive on time.

Underground development has been focussed on preparing mine stopes on the 1 and 2 levels. Approximately 2,500t of development ore is already stockpiled at surface. The decline has reached the 3 level and preparation is under way to commence strike drives shortly. Work is also under way to extend the drive north and south on 1 level. Progress to the north has been good, development is already over 20m beyond the old resource boundary. The vein remains strong and the current face assayed approx 2m@28g/t.

One interesting snippet of news has been the discovery of a new vein. This was found during mine development in the hanging wall of the main vein. It's too early to say whether this is just a minor splay or something bigger. Either way the exposed section shows a strongly mineralised vein with (unusually for Quintana) extensive visible free gold. Assays are still awaited, but they are expected to be spectacular. We're talking 100+g/t. Plans are afoot to expose the new vein along strike. Whether it proves significant or not remains to be seen, however it does demonstrate the potential for Quintana to occasionally produce bonanza grades.

Drilling is ongoing. Nothing has been sent for assay yet, but results are expected sometime in Q4. Visual inspection of the core confirms that the vein has been intercepted by drilling. In conjunction with results from the mine development mentioned above, the possibility of extending the resource remains very good.

Once drilling has been completed at Quintana, the rig will be moved to either La Rosaleda or Colina Negra. Which one is unclear. Surface exploration at both projects continues to make progress. Trenching at La Rosaleda has traced a vein at an artisanal mine over a couple of kilometres. To save money (around $180k) the company has decided not to build the 20km road to Colina Negra. They will ship in the rig via helicopter instead.

The company has just finished 5 weeks of prospecting at Three Hills. Rock samples show mineralisation indicative of a possible copper porphyry. Assays are to be undertaken shortly. A number of companies continue to show interest in the project. There were also vague hints that some of the other Colombian projects have attracted industry interest.

In Bulgaria, drilling has been completed at Chaira. Drill results will be published soon. A pre-feasibility study has been completed by CMR into underground mining at Tashlaka Hill. The ore would be toll treated by an existing plant 65km away. The results were encouraging and have been forwarded to JV partner (Electrum) for review. Whether anything ever comes of this remains to be seen.

They're still confident that Spain can be spun-off, but need to wait for better market conditions. I remain sceptical, but I said the same thing about the worthless sheep pasture in the Falklands and was proven wrong. And that brings me to RAB (who incidently were the ones left holding the baby at FGML - bad blood anyone?). They still hold CMR and are occasional sellers. The good news is that sooner or later they will be gone. I look forward to that day. This is one institution you don't want on your share register.

Finally, the mooted 400k placing is still in the pipeline and should be completed shortly. This will provide enough working capital to see the company through to year end, by which stage Quintana should be producing cashflow.

Thanks again driver, I'd better start averaging down..doh

The photographic AGM presentation


http://investors.cambmin.co.uk/ir/cmr/pdf/AGM_Presentation_2008a.pdf

Cambridge Mineral Resources plc ('CMR' or 'the Company Equity Placing

http://moneyam.uk-wire.com/cgi-bin/articles/20080910141151M0177.html

CMR raises 350k at 1p - Grief, this is only small-change to most Boards - can't they raise this amount between them?
I'm really surprised any "Institutional" investor would be willing to buy such a small part of the company. . . . . . I suppose we should be grateful it's not at 0.5p - however, it gives me an uneasy feeling . . . . .yet again the Begging-Bowl.

Driver, are you still a believer?


EDIT 15Sept08 - Leman Bros Bank fails in US - looks like a big-'un has gone down and CMR sp (along with many others!), has dropped 20% on moderately strong selling. Is this Man Group trying to save their skin ( by taking cash), or is there another issue here.
I really don't see how the Execs couldn't raise 360k - what msg does than send?
Still, if the sp dips well below 1p . . . . . . . I might try again. This is a small punt for me, averaging about 3p
/
EDIT-2 (15Sept08,after hours) . . . . . seems a few more sales, even at these 0.008p levels ( just under 1p), with one late sell of 2m shares netting the investor 160k - so why would anyone create a loss when this Co. is about to mine for minerals.
Is this starting to explain why Directors won't find a measly 360k from their own funds? . . . . now, I'm getting nervous . . . . .

hangon, perhaps you should change your nickname to "getrid" and do the same. :-).
Still holding only 10,000 of these now (just in case of a miracle- you never know I suppose!).
By eck this company doesn't arf try yer patience!!!!!!!!
UC.

hangon
Sorry for the late reply I have had my head in the sand this week it helps you to sleep.

Yes, when they start production and the news starts to flow this could easy be a multi bagger.

"Cambridge Mineral Resources has continued to make progress in its strategy of advancing and adding value to its portfolio of mineral projects and becoming a producer of precious metals.
In particular, the drive towards precious metal production of 100,000 ozs gold per annum in South America has been advanced and we expect to commence production at our first gold mine in Colombia our Quintana project in Colombia later in 2008.....