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Mega toll mining deal to process CNR for 20 years, no chance IMHO. Calibre in strong position now to take the lo if they want, unless the Chinese are very interested. CNR now very attractive buy with POG trajectory, but many will not risk investing in Nicaragua. Calibre already there and Chinese happy to invest in South America.
Up to JM now what he is willing to accept, if deal is not struck soon has JM the desire to raise finance to build a mine?
He has already said we are not miners but that would be some about turn.
Cnr permits are to construct a mine.
Assuming its calibre and linked to the fund raising would we not hear v soon. At what point do we dismiss that possibility?
Calibre probably wanted more than 50% of the profits, which is probably why the previous attempt at arranging a toll deal never came to fruition. Their prerogative of course. I assume they felt, rightly, that we needed them more than they needed us. But even so, it's a shame that a mutually profitable arrangement couldn't have been found. Regardless, it's water under the bridge at this point. I can't see it being revived now.
They have tried that and had just about finalised a deal with B2Gold before they sold to Calibre. They were impressed with the 2 samples that they took.
Would a mega toll mining deal be an option. How much spare capacity does Calibre have? Process our ore for the next 20 years and split the profit? No initial outlay for them
Strange how we have ticked up with the majority of trades being sells and only 16 shares bought. Wondering of there is a large buy order waiting to be filled
Very, very soon!
But when!!!
The Chinese are coming 👀👀
At least there should be an indication to prove or disprove the Calibre rumour soon
I realise we are all extremely frustrated with this but regurgitation of the mine/sale will solve nothing
Nero, fair point and the post was born out of frustration but the wheels on Condor do and always have turned very slowly..we could be looking at nearly 2 years to get this over the line. Not acceptable IMO.
Deal closed
https://calibremining.com/news/calibre-announces-closing-of-c-115-million-financi-8208/
Barnard I get your frustration, but this idea that production=better share price is just not so clear cut. Look at HUM, multiple operating mines, multiple jurisdictions, yet sporting a market cap less than ours!!!
Personally, I couldn't care less whether we build or not build, I want the share price higher and a liquidity event to exit. If the board believes that that will more likely be achieved via the sales process then so be it.
Let me put it another way, what if rather than embarking on the sales process 18 months ago, they announced the fund raise to start build, built the mine with no issues, and was now producing gold, yet after huge dilution and taking on debt, the market cap was actually less than it is today? You'd be fuming.
Nothing is clear cut in equity markets these days.
Looks like you may have been duped Slim
so in november 2022 condor announced the sale, stating an 18 month construction period for the buyers..guess what here we are 18 months gone still ******* about and gold at a high,without any new news.
we could have been producing now..remind me never to get involved with mc or jm again!
£4.?? Can't remember the pennies part but I'm sure Bob Buffet will remind us
No you don’t Surrey!
In truth no one knows the price outcome, it will be whatever Jim feels is reasonable and that is only if there is a conclusion.
Calibre is still only a guess, but if it is the loan deal closed today. With all the other cash they have coming in the stars are aligned for something to happen.
In summary, IF it is Calibre, and IF Calibre has been waiting for financing to be in place, we might hear something anytime from tomorrow.
I've been at 50p - 65p for a while, with a more recent leaning to 50p. However, with gold moving back up again (and likely towards $2500 before long) I don't think 55p is out of the question.
So, Shanghai is at $2446 while the Goldprice spot sits at $2387. The gap has narrowed to around $60. With ME tensions high this can only really resolve itself upwards.
London:
https://goldprice.org/spot-gold.html
Shanghai:
https://www.cmegroup.com/markets/metals/precious/shanghai-gold-usd.html#venue=globex
With all due respect to SurreyNot123 and I hope he’s right, but that can only be based on a personal opinion AIMHO!
Surrey - please elaborate
I’m a novice at this… What is the expected share price if the offer is £100M or £150M? That is before we get into any variation of there’s stock offered as part of the deal.