Hi seriousp, yes that crosses my mind too.. I might need corrected here by some other lth with a better memory than mine, but I'm sure there was a report that RB and MC had a "disagreement" at a public conference about selling CNR to RB on the cheap.. just before RB took a position in the funding at 40p last year..
I think that's why it's good that IFC and JM and MC have large % holdings here as well - if RB tries a buyout on the cheap he will have some opposition. If he wants it he will need to pay a fair price.
The SP is being held back here today, another large sell perhaps? It's a blue sea of buys here today..
I think we may need to wait till after the placing completes on 28th at 62p before the real fireworks begin. The thing is, all the investors are long termers, doubt they would sell any of their 62p shares at 65-68p for a quick 5-10% profit.
There is clearly so much interest here that any drop will be very short term as people scramble to pick them up at that price! It really does feel as though the time left for a bargain buy here is rapidly running out.. too much happening in the next few months for it not to affect the SP! Aimho of course..
Hi frenchie, yes good point about the warrants. If that 200k was a sell, the SP has held up pretty well I think. Bodes well for the coming weeks.
More drill results please MC. Keep up the momentum.
Did anyone notice the 200k shares MC purchased for 4p each as part of the placing? Nice! TBH, the guy is working for such a low salary, I think he deserves the perks. I doubt he expected this to be such a long haul. He is in it to sell his 4M shares to the highest bidder - hopefully £3-£4 - and make his retirement money! :-) I just hopes he makes me mine too at the same time ;-)
Good to see that any funding uncertainty has now been firmly resolved. Condor always rallies after a successful placing. I did say I thought 8-9m shares at 60p was likely, so not too far off. I bought more last night and this am.
Condor now has the money for
TSX or NYSE listing, 4K metres of scout drilling to show a district play, 20k metres of drilling with the aim of a 3.2M oz resource, Permits
I'm unsure whether 5.4m would cover a BFS study as well. Think that's another 1M tbh.
Good to get this resolved before PDAC. I just wish those Nicaraguan ministers would get their fingers out and get the PC scheduled and EIA approved.
I think MCs comment about the 10yr project now being in the last 10% was very telling. 12-18 months away from a sale if you ask me. Maybe sooner if the vultures can't keep their hands off us. Strong dollar is good for the conversion to £ as well. 3M oz at 100$ an oz, say £250M quid. SP at sale time of £3-£4 I should think.
Full price now being paid and British Bulls confirming a buy.
Our system’s recommendation today is to BUY. The BULLISH HARAMI pattern finally received a confirmation because the prices crossed above the confirmation level which was at 66.0000, and our valid average buying price stands now at 66.1000.
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