Share Name Share Symbol Market Type Share ISIN Share Description
Cambridge Mineral Resources LSE:CMR London Ordinary Share GB0001826303 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 0.34p 0.00p 0.00p - - - 0.00 05:00:10
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining - - - - 1.25

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Date Time Title Posts
08/12/201610:46Cambridge Mineral Resources a buy at 4p ?17,924.00
08/4/201510:11Columbia's Newest Gold Producer [Moderated]347.00
13/11/201207:54CMR post 06/07/10177.00
10/7/201015:50Golden Oldie With 100000 Reasons To Rise Phoenix1,300.00
17/4/200920:23AIM listed Cambridge Mineral Resources....to be sold to the highest bidder ?680.00

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DateSubject
04/10/2016
20:59
2trying: Just prowling as usual . I note that the share price of Glencore has risen 39% since Brexit vote . I draw no conclusions from that fact . I welcome opinions . ( Not on Blackburn Rovers ! - we are sh*te I know ) !
20/4/2016
15:02
w8andc2: Well digger there will be no sell button on the CMR share trades, but there will be 2 buy buttons which interact with each other. You put your money into CMR with one Buy button and the other one also reacts as a Buy, the two together giving you a Bye-Bye to your money !!
09/11/2015
08:20
vauch: Yep a relisting and a tank in share price to boot. only have 10k shares now so take up is £33.00 ish not worth the paper work
26/7/2012
19:37
2trying: Oh for the happy days of the mid-2000's . When we would discuss the merits of cheese and cress , washed down with Tizer or Irn-Bru , and predict the share price . Oh - but that was when we thought our Directors knew what they were doing , and that when we started gold production we would make money . Incidentally digger - Just to depress you further . I have a mate . On every benefit imaginable . Well , he can't work can he ? Rent on his council house - paid for . Poll tax - nothing . House has just been "gutted" - New windows and doors , rewired , new kitchen and bathroom . All free . And....was given a tax-free sum of £350 for the inconvenience caused by having workmen in his house . All paid for by you and me . Can this get worse ? Naturally . He works on the side . £14 an hour . Cash in hand of course . There must be a moral to this story , but I can't give my opinion without using very bad language .
14/10/2010
15:51
tottersx: Steve36 - I would not think that the short-term funding was secured against the Spanish Asset or anything else - whilst the Rights Issue document is light on details relating to how the debts of £875,000 have been built up if any of these debts were secured against the assets of the company that would be a Material Fact. As the Company is raising less than 2.5m Euro they do not have to issue an FSA approved prospectus but they are legally required to ensure that material facts are not concealed in the offering document that is issued. To dishonestly conceal a material fact is a criminal offence. I'm not sure how far Gazza's tongue is inserted into his cheek but to get the Company back up and running an 85.8% take up of the rights will be needed to clear the existing debt. On top of that another 11.8% of the rights will have to be taken up to loan Harrogate the money needed to re-admit their stock to AIM - realistically is there going to be a 97.6% take up of the rights issue (are 97.6% of the shareholders going to receive details of the rights issue?)- What happens if the take up is not high enough? Putting on my rose tinted spectacles I would assume that the best result for CMR share holders would be if CMR distributed the 280,000,000 shares directly to shareholders as an In Specie distribution. Assuming that the rights issue was fully subscribed there would be 280,000,000 shares to distribute and about 102,000,000 CMR shares in issue so a CMR shareholder would get almost 2.75 Harrogate shares for every CMR share. Say a CMR shareholder had invested £2,500 in CMR at 3p a share (millions of shares were issued at around this level) they would have purchased about 83,334 shares (ignoring costs)- following the 1 for 5 consolidation the shareholder would now have 16,667 shares and would be entitled to subscribe for 4,167 new shares in the rights issue at a cost of £208. Therefore in this example the shareholder has invested £2,708 for 20,834 shares entitling him or her to an in specie distribution of about 57,294 Harrogate shares. If the total cost of the CMR shares (including those subscribed for in the rights issue) are to be recovered by the sale of the Harrogate shares they would have to be sold at about 4.75p a share (57,294 x 0.0475 = £2,721.47). In this happy (but unlikely) scenario the CMR shareholder would have received their total outlay back and any benefit that may be salvaged from the Peru and Bulgaria assets in the future would be a bonus. If you were a shareholder facing this scenario you have to think what is the liklihood of the Harrogate shares trading at 4.75p considering the number of shares they are likely to have in issue after an AIM admission has been completed. After contemplating all this I still remain in the glass half empty camp
11/10/2010
13:29
tottersx: Kharvey I don't think this is another Mayfair Mining. It is probably a real deal - Harrogate were listed on AIM like CMR and like CMR were eventually de-listed leaving hundreds of shareholders with almost untradeable and therefore worthless paper. If this deal goes ahead and the 280,000,000 shares that are to be issued to CMR represent 94.5% of Harrogates present number of shares in issue there must be around 302,702,702 Harrogate shares in issue. On completion of the acquisition of the Spanish assets Harogate will therefore have just shy of 583,000,000 shares in issue. Assuming that Harrogate do not issue anymore shares a share price of 1p would represent a market cap of £5.8 million - I don't know what value the market will put on the Spanish assets - if it was £10 million the new Harrogate shares could be worth 2p each. Obviously there are lots of ifs and buts - it is likely that Harrogate will need to do a fund raising when it re-admits itself to AIM under the name Iberian Capital - this will knock up the shares in issue and will dilute CMR's stake. CMR seem to indicate they would want to sell the Harrogate shares when they come to AIM - this would create liquidity issues and could knock the Harrogate share price. The rest of CMR's release makes gloomy reading in that it suggests further indebtedness has been incurred and working capital is required. Therefore CMR really required hard cash for the Spanish assets and not paper (from a as yet unlisted entity) - therefore this deal with Harrogate smacks of desperation. I would conclude that CMR asre still very much lost in the middle of the woods and as yet can't see much benefit for shareholders in this sale of the Spanish assets in return for Harrogate's paper.
01/2/2009
22:38
stuart15: The fat lady hasnt begun to sing? OMG, JLE are you daft? You really are! Here are a few reasons to start singing: CMR's Nomad has resigned CMR have been suspended CMR share price has plunged to 0.3p CMR's gold loan has been called in CMR is out of money CMR is not issuing any communication to the investing public CMR's directors are in hiding CMR are not answering their corporate phones CA's lies about gold production have destroyed this company MB is quoting scripture AD1967, I still think you were a fool to support this lot this far. Good luck to all. LOL
01/2/2009
22:32
stuart15: what's changed your view??? OMG, JLE are you daft? You really are! Here are a few reasons: CMR's Nomad has resigned CMR have been suspended CMR share price has plunged to 0.3p CMR's gold loan has been called in CMR is out of money CMR is not issuing any communication to the investing public CMR's directors are in hiding CMR are not answering their corporate phones CA's lies about gold production have destroyed this company MB is quoting scripture AD1967, I still think you were a fool to support this lot this far. Good luck to all. LOL
29/7/2008
09:48
beeltee: Talking of GOLD JLE take a look at this Broker note on AIM listed Cambridge Mineral Resources PLC [CMR] Conclusion We believe the current market valuation of CMR of less than £4million, does not reflect the true potential of the company. The gold mining operations, although on the smaller side, will be highly profitable. Using the company's estimate of 15,000 ounces per year, the company will generate revenue of US$14m per year (using a gold price of US$935/ounce) with costs expected to be one third of that number. The mines are small underground mines, but close to the surface and simple to operate. It is an old adage in the mining industry, that the three most important factors in underground mining are grade, grade and grade. The reality is their delivered grade is the single most important factor in mine profitability. The delivered grade at Quintana should be high, a high grade in a 1m width vein, which will result in high profitability. The Quintana model will be easy to replicate – there are a number of potential targets in the area. Quintana and the next two mines are financed via the BlueCrest loan. So we believe the company's interim target of 3 new producing high-grade gold mines in Colombia by the end of next year is very achievable. If that transpires, the company will have revenue of over US$40m per year, using the current gold price, and should be very profitable. For us however, the real potential value does not lie in the production units, but in CMR's exploration potential. Colombia is a mineral rich country, with a limited amount of large scale exploration. Junior exploration projects have been limited due to the country risk. But we believe this is in the process of being reduced and we see CMR as having the first mover advantage. Exploration is at an early stage but the potential is massive. Given the company's experience and the fact that they are established in the country, with a number of high potential exploration targets, we believe the current valuation is way too low. CMR share price is discounted because of their history of exploration in Europe. Those projects are in the process of being vended out to third parties, and CMR intend to focus on the new area of the North of South America. We believe the exploration portfolio alone exceeds the current market value. The small, potentially highly profitable gold mines are in the mix at zero value. Full broker note here http://www.advfn.com/cmn/fbb/thread.php3?id=14746305&from=856
29/7/2008
00:44
skiboy10: Conclusion We believe the current market valuation of CMR of less than £4million, does not reflect the true potential of the company. The gold mining operations, although on the smaller side, will be highly profitable. Using the company's estimate of 15,000 ounces per year, the company will generate revenue of US$14m per year (using a gold price of US$935/ounce) with costs expected to be one third of that number. The mines are small underground mines, but close to the surface and simple to operate. It is an old adage in the mining industry, that the three most important factors in underground mining are grade, grade and grade. The reality is their delivered grade is the single most important factor in mine profitability. The delivered grade at Quintana should be high, a high grade in a 1m width vein, which will result in high profitability. The Quintana model will be easy to replicate – there are a number of potential targets in the area. Quintana and the next two mines are financed via the BlueCrest loan. So we believe the company's interim target of 3 new producing high-grade gold mines in Colombia by the end of next year is very achievable. If that transpires, the company will have revenue of over US$40m per year, using the current gold price, and should be very profitable. For us however, the real potential value does not lie in the production units, but in CMR's exploration potential. Colombia is a mineral rich country, with a limited amount of large scale exploration. Junior exploration projects have been limited due to the country risk. But we believe this is in the process of being reduced and we see CMR as having the first mover advantage. Exploration is at an early stage but the potential is massive. Given the company's experience and the fact that they are established in the country, with a number of high potential exploration targets, we believe the current valuation is way too low. CMR share price is discounted because of their history of exploration in Europe. Those projects are in the process of being vended out to third parties, and CMR intend to focus on the new area of the North of South America. We believe the exploration portfolio alone exceeds the current market value. The small, potentially highly profitable gold mines are in the mix at zero value.
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