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Tumbleweed diddums!
30.5p/31p
Pretty quiet. Is this the calm before the storm.?
I could not agree more, a buildout for me when it is abundantly clear that was never the intention, irrespective the gold price would be a nightmare for sure!
Get rid, get sold and if it's Calibre, I'd much prefer their paper to Condor's.
Hopefully today we can push on as earliest news expected could be next week but realistically could anytime in April. Gla.
As my ISA holding moved to over 30% today, I confess for a moment I thought take it!
My SIPP (which is a free run) is only up 18.5% and by far the larger holding…. All this talk about building the mine is the stuff of nightmares!
Get the deal done and let us get on with our lives!
HZM is a cautionary tale of problems during construction. Down 98% over the year.
Yahoo's app is still showing 'Earnings Tomorrow'. Would anyone know for certain whether they might have had prior RNS notification, or are they just guessing like the rest of us?
Personally, i don't want to see a change in tactic and production. The road to production is very bumpy, susceptible to delays, increases in costs, political factors, macros factors. It really isn't worth the wait for me.
An ideal outcome is either a good all cash sale, or calibre paper swap and we get exposure to La India gold production via them who no doubt have the team and cash to get the job done properly. They are also big enough to see any short term economic macro issue through.
A pity that the increase in the SP is like trying to move in quick drying cement? The SP ordinarily be funny if it wasn’t!
Yes. absolutely. We were valued around the same market cap when gold was only $1900 so the board taking the brakes off going into production took the shine off the share price as the valuation shifted to what someone might be prepared to pay for the company in a bit of a market drought for debt, a completely different valuation. if they did decide to JV with someone and we kept 50% we might rocket a lot higher than today as the market would replace the sell valuation today with a NPV on the gold production scenario that was always the best scenario and £1+ would be very achievable. To get get the best price i suspect this will be a takeover so but they will probably be only able to offer a 50% premium to sell to their investors. This is why we need to see the share price at 40p at least so the bid could be both acceptable to their own shareholders but also Jim and long term investors. if we get to 40p then someone can make a 60p all share deal and we are probably all happy in current scenario. Sadly we have had too many nervous investors selling but each to their own.
Today's U.S. CPI print has but a minor downer on the gold price, albeit I suspect the market thinks the FED will still support Biden by knocking 25 basis points of interest rates in June/July.
We'll see on that one. In the meantime PoG could wobble for a day or two.
An irony of the current situation is that if, God forbid, the sales process stopped due to being unable to settle on a price, we could actually see an increase in the SP beyond what we might have got through a trade sale. With PoG still (generally) on a roll, the intrinsic value of what we know we have in the ground is up by a multiple. Building a producing mine over the next 18 months/ 2 years could mean that talk of 100p - 150p is back on the table.
Expect anything in this mercurial situation.
Lots of new faces on the board
Nice to see the 30's again, been a while.
Not a expert by any means but i see some single digit trades. One just now at 32p. A little weary that this is rising on little volume. Hopefully this is a precursor to a full on sale at a decent premium to the current SP
33.2p then 34.6p, clear after this to the mid 40's
The buy at full ask was mine - I’ve been trying to fulfill ISA move since Monday but there seems to have been a lack of share around to meet a buy of around that amount unless you pay full ask or over. Happy with a move over from trading to ISA at this level as I see an upside from here and any profit is better in our pockets than the treasury’s. After investing here pre consolidation I’m hoping for some return for the long long long wait!
We will have to except some profit taking. Those who took shares in the offering at 15p are looking at 100% profit now on those shares taken up.
30p smashed and we can reach 35-40p very quickly imo as 30p was the top of the last 3 upswings. If you believe a sale is imminent then every reason to hold until we get the RNS that cant be below 45p and we all expect more. I am sure there are plenty of sellers between 20-30p who are kicking themselves but with gold at this all time time it is really now or never for Condor. Maybe they change tack and go for production with some gold forward selling but my preference is an all share deal with Calibre as they could see their share price double over the coming 6 months as they are grossly undervalued to their underperforming Nic assets that with Condor rolled in will be printing cash like it is going out of fashion and run at full capacity.
4 small upticks and CNR is Up 3.36% at 30.75p on volume of just 182000. The largest trade so far was a 63000 buy at 31.5p which is full ask. Now CNR has broken 30p it will probably move quite quickly to 35p if some volume kicks in.
I think it might track up to around 35p in the absence of hard news. Getting much beyond that may be a stretch, as sale estimate values seem to start in the low 40s. I'm still at 50p, but remain optimistic on a bit more. I'm thinking about a third cash with the rest paper. Any other views on what the offer outcome might be?
Still a strong buy at 30p.
We have to be getting close to news now, surely? Either that or Big Jim's idea of 'very, very, close' greatly differs from mine, lol. Just can't see this not being sold now - too embarrassing to waste a year and a half on a sales process. Hopefully the exploding gold price tips things in our favour.
‘Earnings tomorrow’. It was Yahoo. We’ll see. If they are it’s going to be difficult to avoid saying something about negotiations. Post balance sheet event?
Simms45 congratulations, I just got offered £0.30p for my shares, not that I’m selling any!
Well done BobDNero, however I’m the best part of £70k down at this price, so a non starter for me unfortunately!
Chucked the kitchen sink at this in the high teens and now looking a lot more comfortable. Hurry up though Jim as wife’s moaning that the washing up’s not getting done