Our live Investing Matters Podcast Special which took place at the Master Investor Show discussing 'How undervalued is the UK stock market?', has just been released. Listen here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Was a buy, mine. Thought I'd stash my cash here either until the mine gets sold, or I want the cash for something else.
Hopefully I have timed my purchase, and caught the asset sale about right.
All the best.
Sorry - I meant Calibre!!
She meant calibre
Condor?
...vibe...
...AI Magic...
...hilarious market memes...
Nope. Nope. Nope.
Sorry and good luck with your platform, but I'm probably too old and/or boring for all that. I'm looking to reduce noise that may intefere with investing, not amplify it.
https://www.thisismoney.co.uk/money/news/article-4272390/Star-quits-City-run-10bn-fund-island-paradise.html
Simms I am pretty sure Condor will make a sensible bid. The business case for them seems very strong
I didn’t shake his hand or look at him in the eyes when he said that so I’ve no answer
Was it the same eye contact and smile seen when announcing 150k p/a
Can’t have it both ways
I suspect once all the dust has settled this was probably always a chinese sale from day 1 and has taken 15 months to finalise with perhaps offers coming in from elsewhere. i think 15 months is an excessive time to finalise a deal so for everyone's sakes i hope this is concluded before the end of the month. However calibre has a ballooning market cap now heading to $1.4bn and probably $2bn in a months time so they can find some change down the back of the sofa and do the deal over a weekend, which is all it really takes now all documentation is in order. lets hope we wake up to a deal tomorrow.
Plus the hand shake
If Jim’s smile and eye contact is to be believed which Iam swinging towards it being so this will go to the Chinese 100%in my opinion as to there appetite and need for the yellow stuff will be overwhelming
Considering what Jim said to slim, I'm not sure if calibre are the front runners. One board member of calibre bought on the open market last week (14th March). Not entirely sure but could that be classed as insider knowledge if a deal were to drop in the next few weeks?
I would be happy if Calibre buy the asset or Condor and we get Calibrebshares. My preference is to get the deal done, we have waited long enough now. I would like to get my initial investment back to move to GGP and some profit to buy something, maybe an EV.
I still think the Chinese are favourites to buy Condor.
I am extremely surprised that J.M. made the statement " very very close ! He should have realised that it would be splattered across these type of platforms and if I was the other negotiating buyer, noting this it would give me a very good insight to where Condor would settle. He might have just lost out on his final play, unless the value had been agreed and " very very close " was down to dotting i's and crossing t's or legal tidy up. Time will tell ! Not really time for excitement !
We are so close to the next financial year, I would be happy to have the chance to move some more across to my ISA.
The board have not gone to ground for no reason and i am sure they are working hard to conclude the deal before the financial year end. Gold producers are drowning in cash and need to find a home. Maybe next week?
I will say, said baby's first taste of this life will largely be dictated by CNR exit price - alphabet hoops or avocado?
Weird how these things work, isn't it.
I feel like we need a sweepstake. We're due a baby shortly - I know I could do with this wrapping up before then!
With Big Jim saying that a deal to sell CNR is 'very, very close' at last week's Master Investor show, I wouldn't want to be out of this over the weekend! Surely next week.......................
Refreshing.
Same as you.
Waiting, waiting.
Good Afternoon one and all, where is everyone?
Calibre have jumped $400m in one month and now $1.3bn., 34% up. Condor has got a whole lot cheaper for anyone to acquire. Calibre could simply issue 10% new shares and be done with it. Calibre can truck the ore in a few months and the value increase on their business would be multiples of the dilution. At $2200 gold they could be cash generative in 3-4 months while they sort a mill at La India. Condor are a freebie for Calibre and probably any other producer that might well have increased in value over last month. Tragic we are not now about to produce as we would be £200m+ business but we live and learn.
Their market cap just hit £100m. They produced just under 35,000 Oz last year, have a resource of 250k M&I and a land package a third the size of ours. They have been in production since summer 2021 and are nearly debt free.
Flurry of buys this afternoon. Looks promising for tomorrow unless news drops and then its skyward!
Yep DDD, 'very, very close'!