Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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Not sure about others thoughts, but Calibre presentation worth a look in my opinion. Lots of comparisons re price paid for El Limon/La Libertad, rates of production, AISC and potential for more/higher grades to develop. I am asking myself is what they paid good value, is CNR better placed, would $100m better be put into La India and surroundings?
https://www.goldforumamericas.com/webcast/
Plenty of other miners attended/presented and as far as I am concerned qualifies as interesting research.
hi frenchie, sent you a PM yesterday.. let me know your thoughts.
I dont think anyone really commented on the situation with Calibre easily raising the $100M for La Libertad and El Limon - thats a good sign that investment in Nicaraguan gold mining is still being backed.. hopefully boding well for CNR whenever it tries to raise cash to build La India etc..
regards
T123
Yes Geo......seems a very full price to pay and they will need some high grade ore pretty quickly to get the AISC down. Still intrigued by our new stakeholder though and sure they may have a part to play.
Calibre do say in their presentation that their aisc at El Limon and la libertad will be heavily reduced in the near term.
Willowman
I agree with you. MC mentioned Calibre was about to complete the transaction with B2Gold. This statement wan't necessary as it normally wouldn't be relevant to Condor's business activities. The message being we haven't got long to wait now. Without a JV/takeover of Condor imminent, Calibre seem to me to be paying a bit too much for El Limon and La Libertad.
Presentation not interview, sorry for any confusion.
Thanks for posting the link goneawol. A very tantalizing interview, I can't help but feel that he knows much more than he is able to say. The toll refining story hasn't gone away which is very encouraging. I am much uplifted by his mention of B2 and Calibre, could that be a nod and a wink to the longsuffering share holders? Would he want to keep raking over that if it could be seen as a failure? Wouldn't he rather quietly push it into the past? Perhaps the matter is still very much ongoing!
Good to see some updated slides. They were a lot clearer and more digestible so i think it will help better portray the company. no smoking gun but he made a good slide on the toll refining so he must be quietly confident something will come together and my understanding he is in Nic for 2 weeks so thats a good amount of time to work on critical matters to make something happen. His feeder pits he said will be submitted early next month with hopeful approval shortly after so a little dissappointing its not submitted but timescales are closing in.
Next up at 4:15..
https://www.gowebcasting.com/conferences/2019/09/11/precious-metals-summit
Suggested a gold purchase scheme some months back and said I'd advance some monies to help with mine build. Plenty of Condorians I thought would do the same. Seems that Jim got in first with his recent support though. Pity we never got the chance as gold was around $1400 at the time I think. Anyway happy to have been foolish enough to take more at 17p!!
Expecting news in about four weeks...unless there's something pre-Beavers?
Looking at the MC diary i think we will get update after 4 weeks because he is out in Nicaragua for 2 weeks, which is longer than normal presumably to move the permits along and close the land sales as well as hopefully agree up some way forward to get some toll refining. Any one of these news in weeks will be helpful to derisk. News on toll refining will probably only occur once the feeder pits are permitted. If he drops that rns then we are tantalisingly close to cashflow and a good rerate in my view. Good period of time to top up imho.
Well I am looking forward to getting an update from MC this week. Its been too quiet for too long. We need an update on how the companies assets are finally going to be monetised - after 10 years here, I dont think thats too much to ask! Whether its a toll deal with Calibre or Randy Martin - I dont care - Condor Gold needs to finally sell some yellow metal.. i'd even be willing to buy a few ounces myself if it would help!
The market needs to see that CNR is on the cusp of becoming a producer!
regards
T123
Friday 915am their time