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Lumber have you managed to ask the questions from Friday yet?
I still have yet to receive any emails back from the PR people at canarc whether it be Gregg, maelle or whoever.
Maybe they simply have nothing to say but a reply of some sort would be nice as I don't think they have many investors from the UK
Share price dropping....
Tumble weed gently rolls past......
"Progress every week" not sure that statement is correct.
Until we see a deal signed and cash paid then they has been no progress since I bought in last september/October.
Some have been here for years.
Canford have had the last 7 months to get their act/paperwork in order.
Hope we get news ASAP
Any progress last week in regards these lawyers and paperwork?
Canarc isn't listed anywhere on exk as a shareholder?
Yes canarc was involved years ago but I think that cash or shareholding has been redeemed years ago for running costs when the company was semi dormant.
It's worth checking with brad,
BTW I've sent Gregg and his team 5 emails this week and have not had a single reply? Does anyone have any other email contacts that I could use?
Yep must have sold out years ago as canarc has been dormant for nearly a decade
Howdy where did you hear that?
I suppose that could be a source of shares but that tactic is still rather flawed..
I would personally (if i was canford) sit on my shares, get the deal signed and start selling at around 27-30 to control the shareprice there and stop it closing above 30 for 10 consecutive days.
That way they make money and still get control over when they exercise their warrants.
What they are doing now will cost them more in the long run to hold the same amount of shares as these will be purchased back at 15 cents.
Also as they are classed as insiders now shouldn't the market be informed if they are reducing their holding?
Scy
I still can't be sure of where these sales are coming from?
The hold period expired on Monday (yes I was aware of that) but the placement shares were at 10 and 11cents.
So like I said if you are an insider and think a deal is happening soon why sell?
Also where is the profit selling at these prices if you took placement stock?
Lumber have you heard anything in the last few days regards "lawyers" "paperwork" etc etc
Thanks (a very apprehensive investor)
Thanks for the reply but 10cents where we are now is VERY different to 30cents.
If a deal is close what sense does it make for a largish shareholder to continually sell shares into the market.?
Assuming that being a "largish" shareholder as well would allow them more upto date info than the general masses.
The German listed canarc has hardly any trading and has literally no impact on the price of canarc.
What this needs is news of a deal signed and delivered then the market will be forced to take note.
BTW lumber sent you a couple of direct messages on twitter 1-2 days ago
I personally cannot see a 10 bagger for the next 3-5 years until the mine at NP is built and in production.
The mine acquisition funding has also gone quiet so I really don't know what is going on here.
Brad was fortunate with exk and the first property they got, I think things with canarc have been and will be a lot harder.
No idea at all. We seem to have a never ending supply of shares here.
Maybe lumber can ask brad where he thinks the sell volume of shares is coming from?
Also not sure how accurate the buy/sell reporting is with this ihub app.
Are you from the uk by the way?
From all the constant selling the "deal" must have fallen through??
I hope I'm wrong but where are these share sales coming from..
Who at investor relations were you speaking to please?
He did give an update.
He said the paperwork is with the lawyers if I'm not mistaken
Hmmm no news today either?
When realistically do we think that the lawyers will have finished and this is signed off?
Not necessarily.. Over here in the uk we have the exchange that can carry a certain amount of "float" in order to facilitate liquidity.
So if a seller comes on and there are no buyers waiting for stock the exchange can make the sale and then hold till demand returns.
Lets hope Brad can "knock it out the park" with this deal as my portfolio is in a mess.
Scy
Anyone in Canada or us got level 2 as I think the 95k and 114k were both sells..
You would think ppl close to the board would be buying shares if news is as close as some of us think?...
No deal today...
Fingers crossed the deal closes ASAP and the market actually responds.
So many times on the uk markets great news is simply Ignored.
Lumber is keeping very quiet? Not even sure he went to Canada as he said??
Lumber where are you?
Lumber have you arrived in Canada yet?
Lumber when you speak to Brad tomorrow could you ask if...
Canford fund the NP construction with 30 mil so rather them put up another 30 mil to buy a new mine why can't they share the risk with one or two of the other interested parties.
So each put up maybe 10 mil each and share the equity.
Seems a lot easier to raise 10 than 30 in this kind of climate.
We need positive news pronto...here to stop the rot
Hmnn looks like we experienced a "mini" pump yesterday.
Surely if canford were in town we would have more buying and volume in general?
Ah well the wait goes on.............
Any fresh news from your source lumber?
Another "sell on news" brigade.
These are the scourge of the London markets right now with good and bad news treated the same.
What happens to investing.. If we all held our shares the prices couldn't be taken down
Any news release yet? Lumber anyone?..
It's all good having a "formal" contract... What we need here is to see the cash and I suspect that is also what the market wants to see.
I am not sure why canford cannot see that a mine acquisition is the true key here as the cash flow can then be leveraged to develop NP.
If they fund NP first we have a very long wait for the first signs of cash flow and production.
Anyway my portfolio has lost half its value this year alone so any news of progress on whichever project is good news to me.
I suppose its people panicking with the gold price and selling everything and anything gold related
Wow 10c didn't think I would have seen that
Any NEW news from brad regarding canford or the other "interested" parties
I'm assuming you made a profit on all those trades lumber?
Ok understood
What does ditto mean please?
Looking back through canarcs history it seems that this is the 2nd mine that brad has failed to buy and the 3rd deal overall that he has lost..
Maybe he should look further afield than just North America for gold mines.?
I personally don't think that he has any other funds interested in investing or funding mine acquisitions as if he did canford would have moved quicker.
Like someone mentioned earlier canford moved the money quickly when offered cheap shares in October but 6 months later are having "trouble" moving money out of china.. What utter bollocks.
The Chinese government is actively encouraging high net worth individuals and companies to diversify out of US dollars as quickly as possible yet we are to believe that 6 months later, they are struggling to move cash to purchase a gold producing mine that the Chinese governments themselves are buying..
Slowly loosing faith here and when I think that others have held for 5 years with no progress makes you wonder..
That's not a bad average at all and I'm sure you guys hold a lot more than me.
I guess no one else has any fresh info about brad or canford
What other averages do we have here on this board?
Mine is 0.14 cents canadian since last September/October
Lumber is 0.132
Not being nosy guys just interested that's all as we have nothing else of note to talk about