We would love to hear your thoughts about our site and services, please take our survey here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Cheers Frenchie38
Hope you're on point with that.
JT
The market seems to like it Up 4.7% at 40p on low volume of 62000 from 13 trades. Gold at 1800.
They will not be able to hold us to ransom as we know the government will act as arbiter in disputes of valuation, in effect preventing excessive demands from the landowner for compensation.
icb, that sounds like it is possibly a fairly lengthy process if it is needed . also wouldnt write off the possibility of protest action by miners possibly. mc didnt think re settlement was an issue and didnt notify shareholders of protests action against it. Agree with A F , not a problem when its finalised until then its an outstanding issue. there will be a lot of bad feeling towards the gvnt after the sham election.
yes E L, irrespective of the actual situation it is an issue re investors until finalised.
I think there is an important distinction to be made between what MC thinks is an issue and what investors think is an issue. It seems quite clear that investers think it is an issue, and so, almost by definition, it is an issue, even if it is also true that it is actually quite easy to obtain the remaining land, and so "not an issue" for MC or the project.
The land is an issue until it is not.
Mark has maintained his "the land is not an issue" approach for years now, however that is a tad disingenuous. I have no doubt that it will be sorted quite soon after the elections but it remains one of various issues until it is resolved.
Mark has said we can acquire the remaining 3% of the land tomorrow if we pay them what they are demanding so we do know do how long the outcome could be. We know Mark thinks they are asking too much and we can acquire it at a better price. The land is not holding up the development of the project so why spend our cash before we need to?
the issue is there because no one knows how long the outcome will take.....hopefully last of the thirtys dissappearing need to see some big buys coming in ..gold trying to consolidate over 1800 this week should help sp
A poster on another bb has extracted the following from this morning’s RNS:
‘In regards the land the above documents says:
Condor is obliged to determine land ownership, conduct legally regulated surveys
and to determine fair-market value of the land. Condor understands the role of the government
in the process is to:
• review the fair market valuations and provide a determination of sufficiency;
• provide clear title to the parcels of land that are not registered with the local or regional
authority;
• act as arbiter in disputes of valuation, in effect preventing excessive demands from the
landowner for compensation;
• invoke expropriation as a last resort in the event of uncooperative landholders.
The Company continues to advance its land acquisition program, commenced in 2014, with
plans to acquire over 2,000 hectares of rural land for the consolidated project. Condor receives
assistance from ProNicaragua in documenting surface titles. Offers to purchase have been
made to all landowners and, as of October 2021, Condor reports that it has acquired 97% of
the land required for the La India project components. Permits for Mestiza and America require
land to be acquired three months prior to construction.
In parallel with land acquisition, Condor intends to implement a livelihood restoration program
to mitigate impacts from economic resettlement associated with the land purchase process,
including impacts on artisanal miners. This is discussed further in Section 20.5.”
So that makes it quite clear that acquisition of all the land is not a problem because in the last resort the Government will expropriate the land from uncooperative landowners. Perhaps people can now stop bringing up the remaining 3% as an issue. Mark has said the land is not an issue and this shows he is right.