UK 11:24 Wednesday, 7 October 2026
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Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
CIC Gold is soon to list on the Main market. It presented at the last ShareProphets seminar and I quizzed it afterwards. The video is below.
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Comments
john g
Its the same shit all over again. Look at the company’s history for 10 years. The so called business plan this chap is explaining has been attempted since Bromley listed in Canada nearly a decade ago (with CIC Resources). It was the same when that delisted and it listed with CIC Capital was on AIM. Three years down the line, and the NOMAD resigning (third nomad to resing), they couldn’t get another NOMAD.. and delisted. So they decided to do a standard listing (less regulation, no nomad required). In 10 years this same plan has delivered naff all shareholder value. And here they are trying to sucker more punters with the same wonderful ‘new’ plan. It’s a great plan because the only ones who benefit are the directors.
Typical example of RINSE AND REPEAT.
john g
This is FOUR years ago….. one senses “history repeating” :
De ja vue ?
http://www.highbeam.com/doc/1G1-246942551.html
Jan 19, 2011
January 19, 2011 (FinancialWire) — CIC Mining Resources (CNSX: RRR) (AIM: CICR) (FRA: 31C) (Approx. Market Cap C$ 9.9 Mil.), a consulting and advisory firm operating primarily in the mining and energy infrastructure sectors, has formed subsidiary company, CIC Precious Metals Group, Ltd. (Hong Kong).
CIC Precious Metals intends to acquire gold property assets that the directors consider to be undervalued or have strong fundamentals and attractive growth prospects, and “de-risk” those assets by way of exploration or mining.
The company has completed a private placement of US$2.5 million within CICP, issuing 4,166,666 units
=============
FAST FORWARD FOUR YEARS and $ MILLIONS of CASH in losses :
http://www.cicgold.com/AboutUs.html
CIC Gold Group Limited intends to acquire non-controlling interests in mining projects, leases, tenements or corporate entities, either public or private, where gold is the principle commodity or gold mining is the principal activity. Given this mandate, the Company will focus its development strategy towards gold mineral assets considered to be undervalued and to have strong fundamentals with attractive growth prospects.