George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
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Great to see us push back to 32p again as its long overdue and i think really holding up any all share offer as we need to be at a higher value to get past Jim. Maybe 40p is in sight once we have jettisoned some who cant wait a few weeks. if we dont get an RNS next week.
Rider - thanks for that it draws together a lot of ideas mentioned here, it’s clearly not a flash in the pan idea as he’s seen something of what we’ve all experienced
Perhaps tellingly it’s what he didn’t say that’s interesting….. I like the June deadline idea makes sense
(Nero, you re welcome.
A recommend him generally, lucky was I to find his work. The most intetesting ideas for me.
I rapidly became a lifetome member. His writings completely changed my approach to stock market. Not to mention my investment account...:-) )
EL, it depends on the number of Condor shares you hold and the corresponding number of shares you would receive in the new company. I hold a fair amount of condor shares and don't relish having to sell a sh**load of shares of the new company, bearing in mind the subsequent costs involved.
China listed companies, no thanks.
if US or Canada listed, I'd know there was a liquid and ready market for my shares. So that's why if it's shares I'd prefer North American listings. Obviously cash is always best in the first instance but if it isn't cash then a decent listing.
Thanks for posting that Rider!
What we want is really not relevant. We will get what we're given. That said, I'd be pretty confident that JM and MC would also prefer a cash deal, no matter who the buyer is. Either way, you can sell shares and get cash, or buy shares with cash, so I don't really understand the cash vs. shares debate.
As I said before 45p all stock suits me but only if it's Calibre. Chinese, I'd want cash, not to be trusted!
This neighbour chap of MC seems to have a close eye on Condor and hopefully spotted some . We are now a few months over the normal due date of the results so i tend to agree we have been in legals for sometime. Lets hope next week or so this is finalised and deal can be released. Will it be 50% or 100% upside is really the question. Will it be all cash or all stock or a JV. Hopefully we will know soon.
Very nice write-up, with a few interesting details, and the publicity is welcome of course. That said, at it's core, it's just some more speculation, which we have plenty of already! The questions of who (not very important), when (pretty important) and how much (most important) are still to be answered. Let's hope for some clarity soon. GLA
"The sales process is taking longer than anticipated, but the Board is anticipating that further progress will be made in the New Year. Investors will be updated in due course."
We're a 1/3rd of the way through the 'New Year' !
You heard from the mother ship?
The kitchen sinks are coming forget next door a update by the month end onions been put strapped in the kids chair for the remainder of the journey
Wanna bet on that Punter?
Will we close the week above 30p?!
Next week for news then?
No counterparty risk with gold in an uncertain world. The deviation from interest rates has been for a couple of years.
Purchasing in the east is a factor of course
It's weird that both usd and gold are high at the same time. Some analysts think it is a short lived situation and the pog will go lower. I'm not so sure. Global debt levels are high, unprecedented outside of wartime (world war time), especially USA.
USD strength has little correlation with US debt; British sterling remained the reserve currency for a long time after British geopolitical decline and high debt back in the day.
My greatest problem is being tempted to sell out of total boredom and a desire to use funds elsewhere!
Yes. Great to see close above 30p. Closer we get to likely news the higher we will go. It cant go for less than 45p and 60p could be upper limit so maybe 50-100% upside on news. Could be more. Just need to wait to find out who is the buyer.
Simms, it is an assumption that calibre had interest. Personally I have never thought it and I hold there. Happy to admit being wrong on that one if it transpires.
Ortega is moving further away from west and democratic ideals all the time. China is the obvious desired end result and gvnt will have final say imv.
Good to see 30 p breached and hope to see it hold. Perhaps news is close ? I am getting ready to maybe let some more go soon if we move up circa 35 p. There is always the possibility of a suspension on news I imagine .
"What is happening in China?
Gold trading volume in China is now 400% LARGER than the average seen in 2023.
The trading activity in gold on the Shanghai Futures Exchange spiked to 1.3 MILLION lots on the peak day of trading last week.
This came at the same time that gold prices broke above a record $2,400/oz.
Last year alone, China's central bank acquired more than 225 tonnes gold.
Since October, gold is nearly 30% posting one of its best 6-month performances in history."
Quote from.Kobeishi on the X.
I doubt that the gold price rally has anything with US debt . In that case USD should depriciate against other currencies with low debt. Other commodities perhaps with the excepttion of aolver and copper havent move that much. So, I guess the whole process is due to Ukrain war, thus the freeze and then seizure of hundreds of billions of russian assets. Other powers prefer not to be in a similar situation with their reserves.
I think its reasonable to assume that from the start of the process the two main parties who visited the mine and still in the race are Calibre and China. maybe a few extras joined the race but seems logical given everything we know. What we have could not have expected is the process taking 15 months which is really Jim being demanding about price when the market for gold asset sales have been less then optimal. I only wish 9 months ago as markets improved we sorted a JV/financing as Jim would look a genius as we move into a gold price potentially heading to $2.5-$3k by end of year on central bank buying who probably already know the dollar is toast in its unsustainable debt. Just now a wait for sale to land and whether its closer to $100m or $200m. Frankly chip money now for gold miners so Condor is moving to a point it wil just be absorbed with little fanfare shortly,