Thanx mate, its blady difficult trust me, everyday I think of selling to buy back lower and dont do it and it just drops... I dont know what to believe anymore I sure hope u are right as I have no other option then to hold on Happy New Year to all Holders
Don't worry Patryk, you WILL get your money back, and I'm sure a lot more for holding on. It's simply a matter of time. Granted, we don't know how long, but the gold charade can't go on too much longer (physical supplies in the west are visibly drying up) and all the while Condor is a brilliantly run explorer with a great resource heading to the all-important PFS...
If the winds are with us there could be a perfect storm sometime in 2014, but you absolutely will get your money back. Just keep looking at the fundamentals and facts and rest-assured, the share price does NOT reflect the medium to long term picture!
I just want the share price to be above £1 then at least I know I will get my money back somehow, I really dont get how we can drop 4% when even gold or any other goldies of our kind didnt drop that much today, yes low Volume but we still got what we got in the ground and are closer to PFS every month that goes by
Wouldn't disagree with any of that Abbey. I spoke to MC about a year or so ago, and mentioned small scale production. The BoD had talked about it then, and although at that time it wasn't on the front burner, he said it was an option, and that it remained on the table. GLA, and a prosperous New Year to everyone. Currently enjoying our twin grandchildren, and have been allocated the 2am graveyard shift for nappy change & feeding ! Had forgotten how tough it was !
Great post, Condor has a bright future indeed once gold comes back in vogue. I've been looking around at other junior goldies and I can't find one with the high grade/low costs, low regional risk, and exploration upside that Condor has. the only thing missing is getting some form of production going to get some income and reduce the risk of dilution. However, as you say PFS is more important right now, so when that's out we can see what strategy MC has lined up for us. Until then he's rightly holding his cards close to his chest, good man.
In the wider gold/golbal financial situation, have a watch of this Peter Schiff presentation:
Everyone here should know who Peter Schiff is, in my opinion he's one of the most straight talking and rational guys in finance today. He's not a gold-bug per-se, but in light of recent economic policy over the past few years he strongly advises diversifying portfolios with precious metals and emerging market equities. He provides some great arguments and insights into what's currently happening in the global economy and in washington, he also called the subprime crash back in 08 and was being ridiculed for it at the time. He was also an economic adviser to Ron Paul's 2008 presidential campaign, he's no fool politician.
Watching this definitely makes one feel better for being invested in gold, even if he lays out the gravity of the situation in a very real and scary way...
From meeting MC at the Proactive' presentation, expediency to PFS was the focus and keeping expenses to a minimum in the meantime; the latter might include some trenching and soli sampling off the back of the geophys'.
Post PFS there are a number of funding possibilities as far as he is concerned that don't incur a dilution; that said, he is pushing for the PFS asap although late Q2 appears to be as fast as SRK are likely to deliver.
MC is as gutted as we are with the SP - in terms of M&A, I think that the sp is irrelevant. The market does not reflect Edison's valuation or anywhere near it; at a minimum the 43-101 would be a basis for a valuation together with likely PoG and any other high risk variables. However, MC is waiting for the PFS in order to put a nice little bow on Condor. The PFS will provide a strong negotiating position with any suitor, given all the key studies including related risk evaluations, will have been reported therein.
I believe that we will be sold but it would be foolish of MC to back us into a cul de sac without the possibility of production which would weaken his negotiating hand considerably IMO.
In the meantime, PoG is the most likely mover of this SP although I daresay the speculators will start turning up probably from early April.
I no longer have my eggs in one basket but they will be; have been fortunate enough to turn some profits elsewhere with some ex-Condor funds...certainly makes one feel better. That said, I still have two ISAs and my SIPP invested here and my better half has resigned herself to the waiting game with the shares that I had advised her to buy! That has been painful! This is investment and a paperbloss only...it will become a cash profit in due course, all IMVHO.
I think that whilst we progress towards PFS, steps will be taken towards becoming reliant on something other than placements. My opinion, MC hasn't stated anything
It doesn't make sense to be stuck like a sitting duck in a market that simply does not value gold exploration
Even if we don't do anything production-wise, we have enough cash to get to PFS - but I'm sure MC and the rest of us would prefer us not to limp over the line ready for a low-ball offer when we can have revenue and a position of strength
Realistically can't see a bid coming before PFS anyway as this is usually the minimum required by IIs to buy-in
Something in the tone of the recent presentations seems to imply to me that MC is not going to wait around for a vulture
As others have always stated on here before my time - a small amount of production at the low costs we'd see presents an alternative route. The more routes, the more control we have and therefore the more valuable we are able to be
I still can't believe we're at these levels and am gutted in honesty to be under after 2 years in this share but the progress we've made should provide some good opportunity next year. Let's hope us PIs see it rather than all selling out at break-even!!
So what are they planning exactly ?? When are they going to actually get this stuff out of the ground and start selling it, i looked at this share a few times and everytime i come back it's gotten cheaper and cheaper
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