Hi 964, I have to say I don't know where MS get their numbers from, my reading is that there have been no trades at all on OTC markets yet. Hopefully after Mines & Money next week we will see some early activity.
Looking at the MorningStar report I'm wondering if each ADR is equal to 25% of a Condor share, so it'll need 4 ADR's to cover each AIM share. The sums don't add up exactly, even allowing for arbitrage and currency exchange but it looks a bit that way.
My understanding is that the sponsor in the US (presumably Glendale Securities) will need to buy stock on AIM to support the ADR's that they issue in the US, I'm guessing on a 1 for 1 basis although it could be on any other rata basis. So every transaction in the US (up to 25% of our shares) must be supported by a purchase on AIM, at least that's how I understand it.
Many thanks for your reply. I actually live in Switzerland so that might make it slightly an unfair comparison but I have also lived in the UK and Scandinavia. We went north for the beaches, Coromandel and also passed Tauranga briefly. You must be living in one of the most desirable and expensive places in NZ. If you don't like it there where then.... Stayed in Rotorua and Taupo which I kind of liked, especially the hot pools! Also visited Napier which was highly recommended but in honesty did not impress me. I think with NZ you just have to pick the right location, it isn't nice everywhere.
Anyway the journey was very long to get there but the trip was a good eyeopener. It also landed my husband a very lucrative job offer which will be hard to refuse. But of course there is the whole family to think about, especially the children. Sorry again anybody not interested in NZ.
I think MC is as frustrated as any of us - he already knows that the president of Nicaragua wants a mine at la India - it's just getting the government officials to get that process moving (starting with the PC).
We are all frustrated with lack of progress in that area. But where it depends upon MC, the guy has done everything possible to make this happen. You can't fault his work rate / commitment.
I watched a YouTube clip which was posted yesterday and according to mark , the Nicaragua government have said they will help get the EIA on track ,let not forget nov15 and we still no light at the end of the tunnel this is one of the most stagnant shares I had the unlucky pleasure of being in
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