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.....................

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.....