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Market analyst Rajan Dhall talks about the financial market Watch here

Market analyst Rajan Dhall talks about the financial market


Condor Gld Share Chat (CNR)



Share Price: 56.50Bid: 56.00Ask: 57.00Change: 0.00 (0.00%)No Movement on Condor Gld
Spread: 1.00Spread as %: 1.79%Open: 56.50High: 56.50Low: 56.50Yesterday’s Close: 56.50


Share Discussion for Condor Gld


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AndrewFfoulkes
Posts: 656
Observation
Opinion:Strong Buy
Price:56.50
ENIMINAS (state mining company)
Today 08:05
On the Law creating ENIMINAS (state mining company):

1) The State as owner of the country's natural resources has created a State Mining company. There are state mining companies all over the world. It will be run by a board, President to be appointed by President Ortega and will have Minister status. One board member to represent private enterprise.

2) Funding for this state company will come from the existing "Mining Fund", 12.5% of it, which means no increment cost to existing concession holders.

3) ENIMINAS will receive the package of "reserved concessions" (13% of total area of Nicaragua). Anyone interested in any of these reserved concessions will need to negotiate first with ENIMINAS and they can proceed to apply at mines department. This is were a 10% + might be negotiated, on currently unallocated areas. By year 5 after the creation of the law, ENIMINAS has to have negotiated or dropped half of the reserved area.

4) ENIMINAS will pay taxes etc just like any other company that holds concessions: royalties, surface fees, municipal taxes etc.

5) ENIMINAS can not enter and build mills for artisanal miners without prior consent of the concession holder, as stated in Law 387. CAMINIC with COSEP managed to get the intention of being able to build mills without permission dropped from the original law proposal

6) Existing concession holders can renew their concessions without having to give anything to ENIMINAS. Not what La Prensa reported. CAMINIC with COSEP managed to get renewals free of ENIMINAS minimum 10% request dropped from the original law proposal.

7) DGM/MEM keep the information, grant concesions etc. The regulatory bodies are kept separate from ENIMINAS. CAMINIC with COSEP managed to get the powers to grant and to hold geological information dropped from the original law proposal

ENIMINAS will compete like any other company in a transparent manner.
 
goneawol
Posts: 430
Off Topic
Opinion:No Opinion
Price:56.50
RE: INFORME PASTRAN TV, 26 JUN 2017
Today 07:55
Condorflight
Posts: 6
Research
Opinion:No Opinion
Price:56.50
View Thread (2)
RE: Question to Mark Child
Today 05:18
Yes Andrew, Mark Child told me the same thing...he states he has become very close with the Director of Mines (Carlos) and friendly with the Minister of Energy and Mines (Mancel) and the Director told him that this needs to take a little longer because the municipal elections in November. The government can't lose seats at the local level and the Mayor and City Council are fully behind us. He said the Director and Minister told him it will be approved once the elections are over via a public meeting and if this humboldt group brings 200 people against us then the huge majority suppprting us will prevail. Just a technicality and political move. MC said the Minister will push it through after the elections. He said the Director told him that the country has no choice but to support cnr and the ifc/world bank. The US govt is in the process of putting sanctions and blocking all financing to Nicaragua and the Minister needs many loans from the IFC and grants from the world bank to advance his renewable energy projects and upgrade the grid. The IFC knows Nicaragua needs all the investments it can get and needs to approve more projects in a timely manner. Minister Mancel is fully behind the project and will see it through.
Condorflight
Posts: 6
Off Topic
Opinion:No Opinion
Price:56.50
RE: INFORME PASTRAN TV, 26 JUN 2017
Today 04:59
Finally good to see some positive press from Nicaragua.
Girdz
Posts: 129
Off Topic
Opinion:No Opinion
Price:56.50
RE: INFORME PASTRAN TV, 26 JUN 2017
Mon 21:56
And...
goneawol
Posts: 430
Observation
Opinion:Strong Buy
Price:56.50
INFORME PASTRAN TV, 26 JUN 2017
Mon 20:55
Wondergoals
Posts: 2,046
Off Topic
Opinion:No Opinion
Price:56.50
proactive pres
Mon 20:24
Is there one this thurs? Anyone going? Hopefully mc will shed some light on this latest twist from nic govt
Condorflight
Posts: 6
Off Topic
Opinion:No Opinion
Price:56.50
RE: State Mining Company Approved
Mon 17:33
Agree with that 100%.
Girdz
Posts: 129
Off Topic
Opinion:No Opinion
Price:56.50
RE: State Mining Company Approved
Mon 17:28
I think people are naive to think the state co. Will not be granted part of the concession.

It will effectively become a legal palm greasing to secure the permits required to get this show on the road.

I'm all for it if it actually means we'll see some material progress.

Can't keep putting holes in the ground, at CNRs shareholders expenses, with no just rewards.
Condorflight
Posts: 6
Off Topic
Opinion:No Opinion
Price:56.50
RE: State Mining Company Approved
Mon 14:04
It is not illegal for condor to assign 10% of the shares to the Nicaraguan government as Condor is a nicaraguan company and many countries demand participation in mineral, gas, oil projects and their os nothing illegal about that. With that said, it does not apply to Condor as many have said correctly that it only applies to newly granted concessions or renewed concessions if the government is interested in those particular concessions. Once condors concessions need to be renewed I assume their is a high probability that this act will die. Countries always add new laws like this looking for new revenue streams but when companies turn away from looking at Nicaragua to invest in the assembly quickly reverses the law. The government is not going to be partnering with just any company or any project as well if they continue with this. Jmo




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