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I wouldn't go so far as to say that 90p is pipedream land. 60 - 70p is more probable, but 90p is possible.
The leverage for the buyers has materialised through time without a binding offer. Jim's hedged us by throwing an exte mil down somewhat. But annoyingly we've still come across as floundering somewhat
We never should have bottomed out at the levels we did - that was the anomaly. This is a normalisation, we should be ++ from here easily.
And yes 90p is pipedream land, but earlier target prices were £1.20. The kev
If you look at last 3 months Calibre are up 56%, even with a $100m placing and Mako mining are up 25% with their own GOldsource purchase. c=Xondor up respectable 38% so really all stocks relevant to our valuation in Nic puts us in the mid range. Still plenty of upside just to keep pace with the locals so while happy to see Condor moving it is not an outlier by any imagination.
Behave troops, some starting to sound like AimMaster in reverse 😂 let Jim surprise us all!
Let’s hope so as scaling £0.30p has felt like climbing Mount Everest without oxygen!
123. 90 p would give m cap around $250 m . Watch this space . Not gonna happen.
Good to see 30 p again let’s hope it holds . Up 36% on the month . That is more than most goldies simms by some way .
There is a late reported trade just after 6pm of 1000 shares at 32p. I hope that is an indication of where it’s going to open tomorrow !
I hope you are right but I doubt above 65 is realistic- unless it is a paper Calibre deal that was negotiated at an earlier time
Closing @ 30
65 to 90.
Watch this space
Really hope not. Rather hoping to focus on 40p but psychologically breaking 30p would put us into a good place but bid might well come before that and push to takeout price that could be low end 45p and high end 65p but we might know very shortly.
I think you’ve unwittingly put a curse on £0.30p Simmo! ;-)
Thought this would pop through 30p this morning but Condor share price has only so far tracked comparable rises to other gold stocks so really nothing yet priced in for impending take over price. Still plenty of upwards movement imho.
Bed the ISA
Yes low volumes point to a lack of leaked news, however interesting that the MMs are still pushing up the bid.
Fingers crossed this Calibre theory pans out soon...
Agreed Sakura7, I’m still incredulous about the lack of big buys, BWTFDIKA!
Volumes still very low
Hannam claimed to have had a really tough few months.
Wonder if that's because he's been working on concouding a deal with or for us?
This is going to pop, it seems people are taking some.pretty serious positions now (which also gets me thinking is there a small leak in the boat?).
Dome very systematic buys have gone through today.
So far this morning
it seems as if we are on the home stretch
Big week ahead I reckon
Up 2.7% at 28.5p. I can sell at that price but can’t get a live quote to buy on II at present.
We also need to think how much cash Calibre now have $60m gold forward sale, $100m placing, $160m cash in bank. They have access to debt so frankly Calibre are in a rude cash position. Valentine, as ryan said, is on budget and gold rally is going to increase that cash balance even faster. They could have $400m+ in a short time frame. Calibre will have only done all this if there was a plan as Valentine is on track and they had budgeted already for Valentine. gla
I mean they have 2.1m ounzes of gold resource and with 25k of drilling can take up to 3m. Obviously the resource across all land packages will easily surpasse 10m ounzes but whose counting but for Calibre looking to hit 500k ounzes a year asap to take full advantage of gold price explosion a canny buyer will pounce now while Condor are massively undervalued. Calibre run at 2 x cashflow, comparable in Canada is 8. Ryan believes part of that massive discount is Nicaragua and their under utilised mine and lack of resource to prove to market thet do not have future drain on growth. Adding Condor will completely change their Nic operation and as they have 15 quarters of growth market might push valuation of Calibre towards a bigger cashflow multiple. They will see a big rise in market cap over next 6 months if they can fully value their Nic assets and i think its pretty obvious how they might do it. Will they do it is a question of price. Calibre was always keen to buy Condor but at a very low price. This is why it is only a price matter and nothing else. Can Calibre meet Jim on an acceptable deal. Now Calibre paper is exploding its really now quite easy and Jim can save face by taking paper and some cash. who knows but what we do know is gold miners are back in vogue globally and have a long long way to go to get to a fair valuation.
DDD, don't forget the $60m USD gold prepayment they have agreed.
https://calibremining.com/news/calibre-enters-pre-commissioning-and-commissioning-8155/
They have already received $40m USD and the remaining $20m USD arrives 15th April. Is it just coincidence the timing of the prepayment and financing are both within a few days of each other?
Time will tell!