Cambridge Mineral Resources Share Discussion Threads

[jle] 20/1/2016 17:20

Loch: lol... yep, I mix Hardy up with Laurel... (another person). Yes I meant Slater, the bent copper from Only Fools and Horses..I am fully in line with your thoughts Loch, and for sure anything good that comes of anything (which I doubt), will only favour those in the business... not longstanding shareholders. My predication above stands

[lochlea] 20/1/2016 09:08

Yeah, but this is no different to what Slater was saying would happen 4-5 years ago when he was posting regular on another BB.
He then made no secret that he'd head for the exit door once re-listing was achieved. He also made no secret of fact he expected to be well rewarded for his efforts (which back then seemed fair enough).

If, as you say, the current board's strategy is to install a 'new board' I am surprised the existing Directors claim to have all participated in the recent Open Offer.

Sounds like certain individuals currently working at the coal face in Spain are holding all the ace cards.

Sounds also like there's big bucks to be negotiated for certain individuals.

[whoppy] 19/1/2016 23:33

Yeah but he said the company has gone as far as it can with current management and it now needs a different set of skills to go to the next stage. The board will change before IPA. Technically astute people are needed. The board are on standby and are first class. All experienced in mining companies both UK and internationally. I don't know who they are. Mr Slater doesn't even know if he will be on the new board.

[lochlea] 19/1/2016 23:19

No he didn't!! Suggest you revisit the interview. From memory when questioned about the lack of expertise within the current management team he said it would evolve and there would likely be changes made going forward bringing in more experience to the management.

Now, that is ENTIRELY different to your "they've got a new board lined up for the listing......"

[whoppy] 19/1/2016 23:07

This is what Mr Slater said in the latest interview about listing on AIM.

[lochlea] 19/1/2016 22:57

whoppy

What you say may or may not be true. I'm not in a position to know that privileged information.

But 'cart before horse' immediately springs to mind.

Wouldn't it have been more ethical/honest what you suggest is happening BEFORE they asked for money from shareholders to facilitate any re-listing??????!!!!

Or is this now Plan C due to having failed miserably with Plan A & B to get the necessary funds in place 2 months back with the Open Offer?

[2trying] 19/1/2016 22:38

whoppy
19 Jan'16 - 22:31 - 17809 of 17809 0 0


They've got a new board lined up for the listing who are technical and are supposedly taking the company to the next stage. Probably some Glencore management.



whoppy - link / proof please . Cheers .

[whoppy] 19/1/2016 22:31

They've got a new board lined up for the listing who are technical and are supposedly taking the company to the next stage. Probably some Glencore management.

[lochlea] 19/1/2016 16:40

In a nutshell that's what makes companies like this stink to high heaven.

They are asking for shareholders to put their hands in their pockets to invest, but very few know what the drill results are. Perverse. Corrupt. Call it what you will. In the final call, some will have made a nice profit out of this. But it sure won't be the long suffering pi.

[whoppy] 19/1/2016 13:54

If Masa Vaverde is of importance to Glencore and they can buy the whole of the mine from CMR, how much do you think they would pay to get 100%..bearing in mind they've got the drill results.

[jle] 19/1/2016 12:50

Loch, "JLE - I sometimes wonder if you actually read my posts. Not that I'd blame you if you didn't!!" ... I do read them my friend, as this is what I said in mine... perhaps you don't read mine, and I wouldn't blame you either. I said "I suspect neither of you have because you are perhaps more savvy"... lol.

My guess is:

1. There will be no update shortly. Perhaps in February.
2. They will announce relist failure due to market conditions unfavourable.
3. They will update with some waffle about negotiations with Glencore regarding sale of assets, then perhaps winding down the business. or miraculously, agree someone to buy CMR (like Glencore).. for 0.00005 per share
4. Announce Hardy is stepping down

well, imo... and I haven't even had a drink yet lol

[lochlea] 19/1/2016 08:47

JLE - I sometimes wonder if you actually read my posts. Not that I'd blame you if you didn't!!

There's no way whatsoever I'd participate in any CMR fundraising even if I was eligible to do so.
Nobody has been more consistently critical of Burton & Slater on here and elsewhere than me over many years.
I have always maintained that I couldn't see a successful re-list ever materialising with this shower. They simply don't have what it takes either in terms of personal ability or assets to successfully re-list. But they do have their mitts on some potentially attractive looking assets that may have a worthwhile value to sell to the likes of Glencore.

Word has it down at Madame Una's massage parlour that they raised way less than £100k with the recent Open Offer. So, now they apparently have to work on a Plan B. That would be my bet = coming to some deal with Glencore at some point in time.

Sorry this is a tad long-winded and all I am doing repeating what I said in previous posts. Be interesting to read the next Company update which should be any day now telling us how the Open Offer actually went (it closes tomorrow) and how much money was raised and how the re-list is progressing. I am not holding my breath.

[2trying] 02/1/2016 02:03

Two you may have already read .
Just prowling - as always !

Happy New Year to all .

Rock and Roll good people .

[jle] 24/12/2015 13:44

Loch/Whoppy: my bet = They have changed tact and in their statement they will lead good people like yourselves to believe somehow some good will come of this in the new year, and thus now is the time to fill your boots. I suspect neither of you have because you are perhaps more savvy. Others might not be, and if there is a chance of a few more 'takers', then they will take it. My guess is nothing will happen other than a notice that a relist at this time is not in the best interests of shareholders given the reasons of the market Mr Hall is already alluding. I hope I am wrong and you guys are right... no disrespect intended you either of you by my post.

[whoppy] 22/12/2015 14:19

Drilling results will determine what Glencore will do. If they are after the zinc then Masa Valverde changing ownership might mean a simple sale of the prospect to them by way of a buyout of CMR and the chance for everyone to exit at a profit without relisting. If funds are not easily forthcoming for future operations then to be done with it, a cash offer at 6.2p a share to takeover the asset wouldn't go amiss. I'm sure a lot of holders would settle for that. That's about £10m

[jle] 22/12/2015 13:28

Loch: Exactly. Hall's message is simple imho. 1. Didn't raise enough. 2. No relist. 3. Challenging times in the markets mean I'm making the excuse in advance that although the real reason for a non-relist is due to no-one investing in us coz no-one trusts us to organise a drunken night in a brewery .... we will make the excuse now for non-relist... oh, Too Tough Market conditions... time not right... pmsl

[lochlea] 22/12/2015 08:27

Their reputation & credibility is so tarnished that this Open Offer was never going to go to plan imho. I heard on the grapevine that they raised well less than £100k from existing shareholders (outside the Board).

If the directors plan to "take up any shares not applied for by existing shareholders" then why extend a 2 week Offer to 2 months? Why make a song & dance about how difficult the market is and fundraising is if it's not presenting them with a problem? Why no update as to how the re-list process is going?

All adds up to me that they've already moved onto alternatives and a Plan B. Or should that be Plan P or Q?

[whoppy] 21/12/2015 19:22

I'm sure the management will take up any shares not applied for by existing shareholders. It's only a meagre £500k worth of shares that's being offered. If management believe the tide has turned and it's an advantageous time to invest then surely they will fill their boots.

[lochlea] 21/12/2015 19:09

You'd like to think any material Company information would be put out into the public domain whilst any 'live' Open Offer to purchase shares in the Company was being promoted.

If shares were trading it would be illegal not to behave so, for sure.

....... but this is CMR. A different kettle of fish. And something always smells.

[whoppy] 21/12/2015 18:57

An advantageous time based on info not in public domain?.. how has the tide turned when commodity prices are low?. Surely Masa Valverde is too big for CMR. Have they had an offer for it?

[lochlea] 21/12/2015 18:21

...... so much for the professional advice they received from Brokers etc regarding fundraising & a re-listing.

[lochlea] 21/12/2015 18:19

Reads like they are going to flog off another % to Glencore as not enough has been raised with the Open Offer.

Appreciate Mr Hall has to sound bullish, but not sure how he can justify 5p a pop into CMR as being a "very advantageous time to invest". When I try and compare with like-minded companies already trading on AIM then I'd say CMR is currently worth a fraction of a penny. And that's being generous & positive. Although I would concede it's always difficult to make exact comparisons.