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"Therefore i think several RNS drop at anytime and when we least expect it."
Agree.
I can see Calibre released their PEA today so if a toll milling has been inked it makes sense they would not want to release at the same time as arguably it would overshadow the PEA, whereas for Condor it is pretty big news. Calibre will want to squeeze all the benefits from that update and note that Calibre share price has risen today on the back of this PEA. The words in the PEA are very clear how they plan to plan to fix their milling issue with very low ore going through it and none of their proposals will quickly fix the issue apart from Toll milling and exploration and other options are not happening anytime soon. The words "toll milling" are clear for all to see. I am sure all companies are planning how they release news and when and Calibre are largely in the driving seat and bear in mind this toll milling will be a specific time period and gives Calibre time to get its permits together over next year or so. Therefore i think several RNS drop at anytime and when we least expect it.
"The cumulative, five-year after tax cashflow is estimated at $216 million ($1,500 gold) and $319 million ($1,800
gold). The scenario is based on an average mill throughput rate of 0.7 million tonnes per annum, leaving
approximately 1.5 million tonnes of surplus annual mill capacity as a significant opportunity for organic growth via
further conversion of Mineral Resources, exploration success, artisanal ore purchases or toll milling"
Moving back up now
end of the day we're now a £58m company sitting on $billions of gold with lowest quartile aisc / highest quartile profitability.
the attraction is still there!
hope MC gives a stonking performance this evening ..
It's probably just me being impatient/frustrated...and 100% I hope that I am wrong! Tomorrow's another day.
It's really not very odd at all and frankly it seems to me there's an awful lot of fuss over virtually nothing at all. Look at the gold price! Combine that with a bit of disappointment at not waking up to a stonking RNS, and that puts us right back to... checks chart... where we were 8 or so trading days ago. Perspective please.
You say this but another couple I track, PAF and GRL are also 10% down today.....
Have to be honest and say that my thinking was another capital raise. We had strange trades/sells before the last raise and today's movement doesn't feel like MM games etc This feels just like last time we had a great move up into the 60s (didn't quite make it this time) and then back down again...very odd.
If you read their previous rns's, I believe they were suggesting $2-3m for land acquisitions but that could have changed. Guess we'll know more once the interims are released and whether we have secured it all or not yet.
I do not think a capital raise is coming at these prices, with $10m in the bank why would we at these prices. What we can expect is a strong PR campaign in the next weeks and months. Significant news is in the pipeline though in H2.
its dropping that fast is a placing coming....i know we just raised 6mill plus ...but maybe they spent it on the last 35 per cent land
AF, you have the inside track better then me so you're probably right. Either way, news coming up like you've said previously.
If there’s any capital raising to be done, it will only be to kick this off either a mill, or the full works coupled with debt finance. Is it just a really silly over reaction to the gold price?
CQ, not a chance of an RNS before Friday and that'll be interims.
Have topped up, to good to miss.
They took it to 60p then dropped to fish for long termers. They’ve taken us to 58p then dropped to gather more. They don’t want you holding till £1 as they want your profit. We know where this is going and we holding strong........ will have to sell my pharmas rather than Condor. Got a big bill due mid-September. Come on Mark, dib into your Magic Hat and launch us with an RNS! You could hint at pulling something out of your hat tonight......you reading Mark?
CNR today is pretty much in line with other goldies as has been said.
I think a reasonable chance of an RNS after close and before the webinar.
hear not here!
Condorquestion, you will probably hear that a toll agreement is still being discussed but you will not here that an agreement has been reached, as that is price sensitive information and would have to come via an RNS. The fact that it is discussed in all Marks recent presentations tends to suggest it is still very much an option.
{the toll mining I mean}. And I tend to feel we’ll hear about it this evening.
I think Awax is in the money regarding today’s action.
Yeah, it’s obvious IMO.
thanks mbhr - that's a very good find.
interesting Calibre indicating they will transport and process ore milled at Limon to Libertad. I think that's a longer journey than La India to Libertad.
and their 5 year annual projection of utilisation of the 2.2m oz capacity at Libertad is much less than 1m oz in 4 of the 5 years - only 804k in 2021 which CNR would certainly be in a position to top up if it can be agreed.
the first time Calibre says a word about possible toll milling in LIBERTAD
From: https://ceo.ca/@nasdaq/calibre-releases-multi-year-production-and-cost-outlook
LIBERTAD COMPLEX: OPPORTUNITIES
The cumulative, five-year after tax cashflow is estimated at $216 million ($1,500 gold) and $319 million ($1,800 gold). The scenario is based on an average mill throughput rate of 0.7 million tonnes per annum, leaving approximately 1.5 million tonnes of surplus annual mill capacity as a significant opportunity for organic growth via further conversion of Mineral Resources, exploration success, artisanal ore purchases or toll milling.
I think most of us would all have been very happy thinking sp would be 50p + just a few weeks ago. So all moving in the right direction for sure. Land purchases looking positive with signs going up.
MC does keep talking up the possibility of toll-refining though. And Calibre have their 'hub-and-spoke' model, which presumably would not preclude taking ore from outside their own pits, even though not specifically mentioned to date.
I can't join the Q&A this eve. Is anyone able to ask MC to explain why he's keeping it on the table when so far there has been no interest (at least in the public domain) from the most obvious partner.
GLA