CEL - Challenger Gold

[mullokintyre]

Someone must have read my last post and wanted to get on board. LOL

Something fishy here.

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THE PFS was due out in September.
Either its coming out early, or there are people in the know.
Ether way, I am happy.
BTL did a presentation on it a week or so ago.
He suggested that it really needed a new team of people driving it, people with experience in bringing on a big ore body to mining stage.
Maybe there are some existing miners with that sort of experience running their fingers over it.
Reckons that Argentina will become flavour of the month.
He suggested they were trying to divest the Ecudorian projects to make it more presentable to another entity.
Also said with only 5.7 million in the bank, they will need more capital soon (unless they sell the Ecudorian interests).
mick

 

[Sean K]

THE PFS was due out in September.
Either its coming out early, or there are people in the know.
Ether way, I am happy.
BTL did a presentation on it a week or so ago.
He suggested that it really needed a new team of people driving it, people with experience in bringing on a big ore body to mining stage.
Maybe there are some existing miners with that sort of experience running their fingers over it.
Reckons that Argentina will become flavour of the month.
He suggested they were trying to divest the Ecudorian projects to make it more presentable to another entity.
Also said with only 5.7 million in the bank, they will need more capital soon (unless they sell the Ecudorian interests).
mick

I only really bought this because they did have an experienced resource developer as the MD. KK turned Citadel into a $1b company on TO.

I can not believe I'm seriously considering averaging down (well down) on this at the moment. Looks like sentiment has changed but I might be better putting it out of my mind so I can sleep at night.

 

[The Triangle]

I only really bought this because they did have an experienced resource developer as the MD. KK turned Citadel into a $1b company on TO.

I can not believe I'm seriously considering averaging down (well down) on this at the moment. Looks like sentiment has changed but I might be better putting it out of my mind so I can sleep at night.


View attachment 183630

Averaged down, got in got out, got in, averaged down again. always in the red with this one. but this tactic paid off (althought not exactly handomly) with the last two international gold juniors.

2 worries....

Last prezo the double double god king said something along the lines of 'we could put out a pre-feas and see the SP drop 25%'..... wtf.... I think he was trying to make a joke about the state of the market but... scoping study was at 1700 gold, so surely anything they put out now would be an order of magnitude better.

Running out of money and doing another placement for 5-10 million at 4 cents or there abouts and options at a price in the single digits.

Actually 3 worries....

he pretty much said the new strategy was to start some tiny pits now - so when are we going to hear about this?

 

[Sean K]

Averaged down, got in got out, got in, averaged down again. always in the red with this one. but this tactic paid off (althought not exactly handomly) with the last two international gold juniors.

2 worries....

Last prezo the double double god king said something along the lines of 'we could put out a pre-feas and see the SP drop 25%'..... wtf.... I think he was trying to make a joke about the state of the market but... scoping study was at 1700 gold, so surely anything they put out now would be an order of magnitude better.

Running out of money and doing another placement for 5-10 million at 4 cents or there abouts and options at a price in the single digits.

Actually 3 worries....

he pretty much said the new strategy was to start some tiny pits now - so when are we going to hear about this?

Same. I've been in, out, in, and now totally out. Even though it could recover further, the company doesn't deserve my money. I'm reneging on Rusty's policy of leaving emotion at the door.

 

[mullokintyre]

I only have a relatively small bundle, so its not a game breaker.
Going to hold on in the hope that the minuscule profit turns into a worthwhile one.
Mick

 

[The Triangle]

I only have a relatively small bundle, so its not a game breaker.
Going to hold on in the hope that the minuscule profit turns into a worthwhile one.
Mick

Currently in a trading Halt pending and "off take" deal and a no surprise capital raising.

There's been probably 3 years of nothing but bad market reactions to everything challenger has done. I'm wondering what's going to make this announcement any different to the last 20 announcements that sent the share price lower and lower and lower.

What's killed these Juniors the last few years is that none of them have a credible path to production as they've all focused on being taken over because they're all run by accountants, and broker fake geologists. Maybe just maybe challenger is going to present a path to production that is credible next week? Or they're just going to reverse Ponzi us investors and do a capital raising it three cents a share and come up with some junk "memorandum of understanding"

Who knows!

 

[Sean K]

Currently in a trading Halt pending and "off take" deal and a no surprise capital raising.

There's been probably 3 years of nothing but bad market reactions to everything challenger has done. I'm wondering what's going to make this announcement any different to the last 20 announcements that sent the share price lower and lower and lower.

What's killed these Juniors the last few years is that none of them have a credible path to production as they've all focused on being taken over because they're all run by accountants, and broker fake geologists. Maybe just maybe challenger is going to present a path to production that is credible next week? Or they're just going to reverse Ponzi us investors and do a capital raising it three cents a share and come up with some junk "memorandum of understanding"

Who knows!

It was only earlier this year that there were multiple gold companies and institutions in the data room and they were going to do a non-dilutive finance deal to pay for Hualupian capex. And, what's happened to drilling at El Gordo and the upgraded MRE to Canadian standards?

 

[mullokintyre]

It was only earlier this year that there were multiple gold companies and institutions in the data room and they were going to do a non-dilutive finance deal to pay for Hualupian capex. And, what's happened to drilling at El Gordo and the upgraded MRE to Canadian standards?

Announced a cap raising (surprise surprise), plus a toll processing agreement that will generate cash flow that will allow the development of their own larger processing plant.
Sounds good in theory.
Market a tad ho hum in response.
No change.
Will hold on for a while yet as its only down about 1% on my buy price.
Mick

 

[The Triangle]

Announced a cap raising (surprise surprise), plus a toll processing agreement that will generate cash flow that will allow the development of their own larger processing plant.
Sounds good in theory.
Market a tad ho hum in response.
No change.
Will hold on for a while yet as its only down about 1% on my buy price.
Mick

It's hard to believe anything the company says any forecast the company makes any timelines the company suggests.

This investor has cel tied up. He will get it all for 6 it 7 cents. I figured one of the gold miners would bid 10ish cents for it. Doubtful.