|Cambridge Mineral Resources
||EPS - Basic
||Market Cap (m)
Cambridge Mineral Resources Share Discussion Threads
Showing 21976 to 21999 of 22000 messages
|Glencore apparently selling off zinc businesses:
13/03/2017 Glencore zinc transaction with Trevali - Rosh Pinah and Perkoa
As for the Emerita Resources Corp. Masa Valverde LOI
wouldn't be bad to add some transparency to this project(NI 43-101)
Seems they are able to handle corruption in España or are fed up in the meantime
Anyhow a better alternative to the AIM robber knights
CMR squeezed the Masa Valverde lemon to the extreme, wonder what is actually left|
|bye bye Glencor ....
TORONTO, ONTARIO--(Marketwired - Mar 20, 2017) - Emerita Resources Corp. (or "Emerita") (TSX VENTURE:EMO) is pleased to announce that it has entered into a letter of intent (the "LOI") with a large mining company (the "Vendor") pursuant to which Emerita can acquire from the Vendor all of the rights to the Masa Valverde Zinc project (the "Project") located in the highly prolific Iberian Pyrite Belt, Spain (the "Transaction"). The Project covers an area of 14 square kilometres and is located in the Andalusia region of southern Spain. The LOI is non-binding, except for certain sections including a right of exclusivity which expires on May 18, 2017.|
|Mine57. You state now "there are no plans to do so at this time", yet you absolutely confirmed to me, on here, CMR would relist in October 2016, latest. Guys, this guy is unreal. Ignore him. Lochlea is 100% correct.|
|Thinking about it - probably explains the reason Burton is back on the BoD.|
|The strange thing about cmr is the length between the carrot and the stick. If it gets much further away the donkey won't be able to see it!|
|It'll provide a nice retirement income for some.
There'll be no relisting of CMR shares.|
|Do shareholders have to wait until 2021/22 for CMR to create any value then?|
|its due to be in production 2021/22|
|May be a good idea to contact Glencore to establish whether they ever intend to produce from Masa Valverde? Doesn't appear to mention in 2016 accounts, despite the amount of Zn; Cu & Au, quoted by CMR some odd years ago.
Probably explains why the trumpets sounded (Slater) in 2015 "coming back to AIM". Seems it was a lie, and they continue to lie.
1 or even 2% of nought, is zero.
Maybe Mr mine57 you can answer that, when will Glencore think it worthwhile to activate the Masa Valverde project?|
|Thanks for the clarification about things.
Think it's fair to add for balance sake that there have been some fairly generous payments made to some Directors over the years. Generous especially when you consider what has been actually achieved for ordinary shareholders over past 7 years.
Seem to recall from 2/3 published annual accounts that Mr Burton received some £450,000 in total over a period of time. Not too shabby. Guess the gravy train has stopped and that's why he retired. Only surprisingly to quickly come back - seemingly.|
|At this point CMR has 1 1/2% NSR in the contract with Glencore. As long MV goes into production we will receive 1 1/2% NSR unless the option to purchase is exercised which they can do by buying 1/2% at $2 million and the remaining 1% at a value determined by an independent accountancy firm.
Regarding Romerita,after the drilling program was carried out the indications are that the resources is very deep and it is recommended that we carry out a deeper drilling program going down 1200 metres which will cost between 2 and 3 million euros.
With reference to Peru this was sold to a company called Laconia approx 7 years ago for shares and cash. CMR still hold some shares which are valued at zero. Other shares and the cash approx. $200,000 was used to cover company expenses at that time and the works carried out at Masa val Verde.
Regarding Mr Burton, this is a matter for our chairman. No directors or anyone else are being paid from CMR and in fact no payments have been made to any directors for over a year. Directors are covering day to day expenses from their own pockets.|
Wasn't there a deal done with an asset in Peru...... many years back?? With a future earn-in or royalty type income element to it?? Don't recall ever seeing any reference to it since - in any of the many AR & Accounts published since that asset disposal.
Why did Mr Burton recently retire and then seemingly come back out of retirement onto the Board? Could he not give up tirelessly working for CMR shareholders' benefit or is there still more consultancy fees/ accountancy payments due to you & him for keeping this going for so many years?|
When will we get an update on the strategy regarding the drilling done at Romerita?|
|Mine57 basically CMR is finished and no one will get anything now. Even if Glencore sell it to another company our pie in it is nothing.
Please correct me if I am wrong|
|there are no plans to do so at this time|
So when are CMR going to be relisted?|
|Unless you have substantial excess Capitol gain over and above the annual
current exemption there is no point in realising the loss here.|
|Vauch. You are correct also.|
|Channel Pirate. Ignore him. He wants shareholders to think he has a clue what he is talking about. He persistently has misled people around re-list. The only persons gaining out of anything would be himself, and the other directors is my findings. Slater changes his story every possible opportunity. Shocking people like that are able to even be part of a company let alone be part of running one|
|any money this co makes will be used against debits of the last 8 years we wont get a farthing (sorry that's old folks money) a penny back|
|So when is CMR going to be relisted?|
|Thank you Mr Slater, see, things have changed already from what I was originally told.|
|What we have is 1.5% Net Smelter Return (NSR. Glencore have the right to purchase 1/2 % for $2 million and the remaining 1% at a price determined by an independent body.
Re. Romertia, we have an option agreement.|
|I have made enquiries via an accountant, the HMRC, and Cambridge Mineral Resources itself. Although CMR de-listed from the AIM in March 2009, then they were still issuing shares last year to raise money for the re-list that never happened.
The following information is what I have been provided with by the accountant after they have contacted HMRC, and CMR itself:
Currently you can claim back a Capital Loss up to 2 years after the company has ceased trading, against any Capital Gain profit(s) made in subsequent years, but as Peter states above the company haven't ceased trading and the company is "still alive" !! Anyway, as it is now almost 8 years since any shareholder has been able to trade their shares on a stock-market, and the likelihood of the shares trading on a stock-market again is highly unlikely, then HMRC are able to take a view.
As I understand it then at the moment the company has the prospect called Romerita to "work" or sell, and the right to a 2% smelter return from Massa Valverde if and when it goes into production, or to sell that right (assume Glencore has to agree with it) if anyone wants to buy it. Maybe Mr Slater would correct me if this is wrong.
If (BIG if) the company were to make some money and share it out with the shareholders, you would have to repay back to HMRC some / all the relief on the Capital Loss you have claimed.
The above information is only what I have been told by an accountant, HMRC, and the company itself, but as always, please make your own enquiries as HMRC rules and Cambridge's situation can / could change at any time in the future, or even since I have been provided with that information.
GLA if you have a Capital Gain you can claim against a Capital Loss, and it all works out for you.|