Cambridge Mineral Resources Share Discussion Threads

[whoppy] 19/2/2016 10:38

They are mining for Manganese not Iron.

[targatarga] 19/2/2016 10:32

The only mining cmr ever do is from the bottom of investors wallets/purses....

[2trying] 18/2/2016 23:56

From a contact of mine .

Mention re San Bartolomeo of Iron...huge glut of that at the moment:

in original announcement:




Heres two photos of romerita:

looks like there's been investment not that long ago. So why did they stop?

AZSA abandoned the site in 1988. Photos taken soon afterwards. Buildings have since disappeared.

[lochlea] 18/2/2016 16:44

Don't be so cynical JLE. It keeps some of them gainfully employed, year after year after year.

[jle] 18/2/2016 16:25

What about the relist.. I see Mine57 is being 'quite' about that too ...

[jle] 18/2/2016 16:22

Honestly , I pi$$ed myself reading this "This is the other site that we were keeping quite about which is next door to Trafigura's Magdalena site and in between this and Aguastenidas"

Oh my, Im so excited !!!.. er, perhaps not...what amatuers

[lochlea] 18/2/2016 11:40

Thanks for the clarification.
Had appreciated this was a different project/site to Masa Valverde and nothing to do with Glencore JV. Good to know though that's still progressing ahead of schedule and hasn't been mothballed.

[mine57] 18/2/2016 11:07

This is the other site that we were keeping quite about which is next door to Trafigura's Magdalena site and in between this and Aguastenidas, this is nothing to do with Glencore; CMR have the full rights to this site.

The Masa Val Verde is still ahead of schedule and is progressing under the original terms of the JV agreement.

[lochlea] 18/2/2016 09:38

Is the Masa Valverde JV with Glencore mothballed or still active?

I trust they are not using the funds recently raised from shareholders via an Open Offer justified on a AIM re-list process and JV with Glencore....... to now start digging speculatively holes elsewhere??!!

[lochlea] 18/2/2016 08:13

Have I missed something....... Glencore........ where are they now??

[whoppy] 18/2/2016 07:47

I'm amazed they are back drilling. I guess if they can prove up a resource they will come back to the market. Hope they find something worthwhile.

[2trying] 18/2/2016 01:46

News on website !!

[vauch] 15/2/2016 19:21

Could we also have a petition against shorting also

[tailor1] 15/2/2016 12:39

Please make sure you sign this

I think this is important found this on another forum, the more the better.

H M Gov Petition

Correct Reporting of Share Trades on the London Stock Exchange

We believe the current system works against the private investor as buys are shown as sells and vise versa according to the ask and bid price set by the market makers at the time of trading. We believe this is wide open to manipulation and misinterprets the facts.

We would like to see a new, fair system that will report a trade factually. In turn this will lead to greater transparency on the London Stock Exchanges.

AIM in particular seems manipulated by the Market Makers.
Actually defeating their roll of creating a real and fair market for investors.

Altering spreads to hide the status of transactions isn't transparent.

[vauch] 29/1/2016 17:28

Turned to dust, but not gold dust

[targatarga] 29/1/2016 08:33

Wonder what happened to the gold bonds?

[liquid millionaire] 21/1/2016 16:11

JLE 21 Jan'16 - 13:07 - 17818 of 17824 1 0

Well... As I predicted almost to the very word. Same Company, Same tired approach ... wonder why no-one invested as they know a rotten apple when they see one is my view.

"The Chairman's Blog

Chairman's blog 21 January 2016

Dear Shareholders,

We are now into 2016 and the outlook for the financial markets continues to be uncertain due to global economic factors with a corresponding impact on mining and metals.

By way of a brief update, our Open Offer completed on 20 January 2016, having been extended to enable some shareholders to invest later than the original timeline.

The total funds raised in the Open Offer were £101,945.55, approximately half of which was invested by directors. This amount is far short of the funds required to cover for the cost of the planned IPO and therefore this will impact our plans and timetables. However, your board is simultaneously working on other options to bring tangible value to shareholders, news of which will be communicated to shareholders as and when possible.

Our Spanish projects continue to advance and we await the start of drilling on wholly-owned Andalucia project.

Yours sincerely

Geoffrey Hall



So according to the above certain shareholders outside the directors put in circa 50K!

FFS until this sack of sh*te gets rid [finally] of all the dead wood and sorts it's self out properly then no one should give them any money.

The money raised will for sure be p*ssed up against the wall. This is almost a BOILER ROOM SCAM!

[lochlea] 21/1/2016 15:35

....... I should have added....... I think this is the 3rd time over past 5-6 years the Board (in various guises) have tried to tap-up shareholders with new 5p shares. Not only have they failed on each occasion - but they have failed miserably to ever raise even 30% of the stated amount in the Prospectus.

There surely won't be a 4th attempt? Who in their right mind?????

[lochlea] 21/1/2016 14:19

Well, at least it was a prompt update which is more than I expected if I'm being honest.

Appreciate current market conditions don't lend itself to make any fundraising exercise an easy task, but you got to say the lack of success in their fundraising efforts just highlights yet again how deluded they are with their own endeavours & ability to achieve a successful re-list. Their street cred is zero. Although they get some credit for getting into bed with Glencore I guess.

What happens to the £100k now? Just get frittered away as before on general working capital & fees & expenses?


whoppy

I think you'll find that those options have been alluded to previously by Mr Hall and also guessed at on here. Asset disposal related. It won't bring the pipe-dream of a re-listing one step closer however imho.

[whoppy] 21/1/2016 14:14

A bit relieved they won't relist in this climate. Could see the share price diving without substantial funds or backing.

[jle] 21/1/2016 13:48

Whoppy pmsl...

[whoppy] 21/1/2016 13:43

I wonder what the other options are.

[targatarga] 21/1/2016 13:19

they can borrow my black and decker, would look amazing on their next prospectus, core attachment also available.

[jle] 21/1/2016 13:07

Well... As I predicted almost to the very word. Same Company, Same tired approach ... wonder why no-one invested as they know a rotten apple when they see one is my view.

"The Chairman's Blog

Chairman's blog 21 January 2016

Dear Shareholders,

We are now into 2016 and the outlook for the financial markets continues to be uncertain due to global economic factors with a corresponding impact on mining and metals.

By way of a brief update, our Open Offer completed on 20 January 2016, having been extended to enable some shareholders to invest later than the original timeline.

The total funds raised in the Open Offer were £101,945.55, approximately half of which was invested by directors. This amount is far short of the funds required to cover for the cost of the planned IPO and therefore this will impact our plans and timetables. However, your board is simultaneously working on other options to bring tangible value to shareholders, news of which will be communicated to shareholders as and when possible.

Our Spanish projects continue to advance and we await the start of drilling on wholly-owned Andalucia project.

Yours sincerely

Geoffrey Hall