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.
Isa , I am surprised that the sp has held up so well because most goldies have dropped a lot over the last month or so . Not a cnr specific comment .
I dont believe mc and mellons interests are specifically alligned . Mc has gone from 10 per cent holder in 2010 to less than 4 where as mellon who had less than Beaty in 2016 has managed around 20 p cent during the most damaging period of dilution and will no doubt increase his percentage during the last round and I cannot imagine him wanting to pay too much in the next funding . As ever I will wait and see how things progress and assess on the way . Barring unforseen circs I dont see much downside ,just not sure I see a big upside for a fair while either .
I dont see full production likely til 2024 .
WG as I said I agree with your sentiment!
Guess after being here so long, and with us so close (hopefully) to the end game I really don’t care about the hype.
Either we will produce gold and the value will recreate or we will be bought out (and we know neither Jim or Mark will sell on the cheap)
I believe his fundraising will already be agreed so does it matter how much PR Mark does now??
Maybe I am just a bit battle weary awaiting the prize, however if others want to sell out now it’s their decision, I believe now is where the gains will be made!
Hi Sein
Surprised you didn’t feel the SP would hold up???
With a bottom of say 44p on the last fund raise and no major selling I am more surprised the price hasn’t increased to 55p which has been the top of the trading range. POG keeps bouncing as it gets to 1700 which equally gives me confidence.
Every day with little movement is a day closer IMO.
I do however agree Jim has had little incentive for the SP to rise when over a period of time he gets a larger share of the prize!!
Tester ,I think checking out pur progress into production is worth a peruse as well as hum to be aware that simple timescales arnt necessarilly going to pan out .
Icb .In reference to mellon ,its a fact that he is the single biggest beneficiary of the low priced cash raises over the last 3 years .I dont see his real incentive to break that before the last cheap load up this year .
Beaty did a site visit before investing . really dont see serious investors being swayed by pr tbh .
Being a single asset companies are valued less than companies with multiple assets because of risk . We are still at the inbetweeny stage with hoops still to be jumped . Tbh I am surprised how well the sp has held up over the last month .
ISA - I'm not asking for pumping - agree that's the last thing we need.
I just want a fresh, up to date, honest expression of where this project is now at, with all its opportunities (which I'm sure we all believe in) laid out for all to see. And I want it to convey real excitement - we've all been talking about how things have moved forward in last 6 months, endgame closer etc etc - that is (should be) exciting and we need others to be as aware and interested as we are.
There's a huge opportunity to present CNR and current project status as the genuine, substantial opportunity it is. MC unfortunately continues to resist taking it, I believe to all our detriment.
Afternoon All
Whilst WG has made some very valid points the one thing we could never accuse Mark of is being a boom and bust merchant.
It has possibly cost us re a bit dilution, in that a salesman would have pumped more before placings, however give me Mark any day over the Sound Oil, Lenegas and Range Resources salesmen. At least we have a company with assets, no debt , a reasonable amount of shares and every opportunity to make us considerable sums of money!
Being realistic we are where we are and if Mark had pumped us to the hill repeatedly we would have had a lot more disgruntled shareholders than we have today.
I will be judging Mark on where we are and what we have achieved by Xmas, he certainly needs to deliver in lots of areas however equally we have made huge progress in the last 12 months.
The only thing I am against is another tranche of freebie share options when the Directors already have more than enough.
Just my thoughts!
What about getting our Director and largest shareholder to do a presentation. Jim Mellon is a good presenter and attracts attention.
I do agree - the company needs much better PR, money spent on website, presentations etc. I understand that we are going to see all of that ramping up markedly this summer though as construction financing approaches.
The best PR with the most effect is done when its the right time for it though - no point too early or people get bored (no point when its too late either of course).. But yes - the website desperately needs a makeover, with timeline and videos of construction area, mill arriving, drill samples with visible gold etc..
My only concern here right now about the success of this project/company is the Nic general elections in November and the countries reaction to that (vis a vis April 2018)
Other than that I have no doubt that MC/JM will deliver a 100,120 then 170koz low cost gold producer with at least 4Moz high grade resources over the next 18-36 months.. Unless the company is sold first of course..
regards,
T123
Agree totally, our presentations look and sound a bit stale considering the progress that has been made. There is an exciting prospect to be sold and a lot of money to be made if all goes well, freshen up the website with better images, newer maps and input from some of the board who just appear to collect cheap shares for no discernible input.
Totally agree we need to be able to attract large investors without offering them free shares or warrants just some individusl or company who thinks this is a great entry point to invest.
Look at echo energy's website - how much clearer and more professional than condors is this.
https://www.echoenergyplc.com/
Also a roadmap with timescales would be a great addition for potential investors to view. Take your pick of a nice basic easy to read template from here! https://images.app.goo.gl/CmPjkJzWbqTqtGCW7
Website only part of whats required when it comes to self promotion mind. Mark Child is good at getting his points across but "in my view" does so with a touch of arrogance which is always endearing to the listener. We could do with a slick PR/Sales personality giving Mark Child a break from these duties and I would bet the same messages given would be more greatly recieved.
This isn't an all out attack on MC as think he is doing a good job running the company just poor at the investor relations side of things.
It shouldn’t be a laughing matter but your comment about the picture on an old Nokia phone was hilarious SS69! Glad to see you haven’t lost your sense of humour;-)
Great post
New looking to read up on condor gold will find a 5 year old video and 1 photo taken by a worker on there Nokia on lunch break