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Mining Update (CMR)     

hangon - 28 Jan 2008 20:02

I thought it would be useful to have a thread dedicated to CMR-mining info and Our Thoughts, rather than earlier threads which started when a Bid was suspected, but which soon fell away.

Jan2008 - new financing in place - with repayment by initial gold from the mine(s)...DYOR please - there are Warants with this finance, but I guess that's the price to pay for significant cash - something that is ( and was always), necessary to get the process moving.
//
Hopefully, once mining starts and the debt is repaid ( when? Late 2009?), there will be company-funds available for further (self-)investment and maybe a dividend for patient CMR investors.
Any other views?

hangon - 15 Dec 2008 16:46 - 12 of 16

12/12/08 Placing - Oh deary, that means more dilution (petty cash) and Warrants available only off-market. I really don't like having to pay 50% more (and no warant!) for stocks like this.
EDIT,15Jan09. Oh deary...the ugly truth dawns - this outfit is spending cash and gold like there's no tomorrow....RobertAlexander is right....I think retail shareholders have not been played straight. DYOR.

robertalexander - 14 Jan 2009 15:38 - 13 of 16

looks like this one is doomed following latest RNS

hangon - 28 Jan 2009 21:41 - 14 of 16

Buy are seven times the Sells, yet the sp is dropping like a stone.... any thoughts?

Frankly, I don't understand how their finacer wants "out" just at the point this is starting to come good. . . . . . OR . . . . is it that there isn't sufficient Gold to confirm the Assay samples? ( IE we were sold a Pup?).

EDIT(3Feb09) I understand the shares are suspended awaiting delisting in all prob. - - - having "lost" their Nomad - AIM-Rules Huh!
ENN (full-list) is as close to dead...etc....what's yr take on these?

ISLAHI - 03 Feb 2009 18:22 - 15 of 16

Does anybody knows the position of CMR and ENN

ISLAHI - 09 Apr 2010 17:43 - 16 of 16

I have got shares in cmr, enn,eirx and mdx. I know that all this companies have been suspended, but they are all trading. Does anyone knows their situation
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