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Couldn’t agree more, whilst I appreciate we are moving in the right direction, still in the red for me and remember as pointed out where we have fallen from pre raise
Good point with regards to where the SP was Simms45, that should be the base to hopefully move forward in a positive direction price wise.
in fairness we were 32p before the board decided to change direction and sell the asset for now instead of going into production. We at least need to get back to 32p territory before we are back to where we should be. Certainly great news for recent investors but most shareholders have holdings well above this price and holding out to the asset is sold in the next month. It does not seem rocket science we will move up to 30p and wait for next news.
looks like Zijin Mining or Shandong Mining are the potential bidders ... very good interview from M.C.
Hey who knows anyone’s situation or predicament, but a 25% profit from a few weeks is better than I’ve done in a decade plus!
According to investing.com we’re up 15.28% today! I know there’s a long way to break even for many of us but come on guys and gals where’s the enthusiasm today? GLA.
Who in their right mind is selling atm
News finally filtering out from Times and other outlets but could be the easiest double bagger or more in less than a month and downsides are limited as we have invested close to £60m to get us to this key position over 12 years and we are worth only 50% of that. I think what is also important is that this could be strategic investment in country by China as most Chinese companies have links to government policy so at same time Nic government will sort any small details. If price is right i suspect, as condor said, they are confident of a deal which means price is well in correct band of $100m+. at these levels or more we are a triple bagger.
What booom???
1p old money..pog 1900 year 2023.
Good morning
Interesting idea. Could just sell La India and keep Mestiza and Americas\Cacao and with cash proceeds build a mine. One other idea is why doesn’t someone try and crash the party and just offer 60p cash for Condor shares and derail the asset sale. Would still be cheaper than buying asset and get a plump vehicle with massive tax losses to use. Certainly feels to me that 30p is a holding price for now as asset offers could be a lot higher.
Booooooooooooooooooooooooooooooooooooooooooooooooooom! Here we go
Whilst i don't want to get ahead of myself, and i'd be accepting of an asset sale for $150m . If we believe that we have 14m oz plus, but offers only attribute any serious value to the 2.4m oz, why don't we sell the 2.4m oz , keep $20m of the sale price in the company, prove up some more gold and then sell some more proven reserves. I know that it's more complicated than that , but why give something of potentially great value away for nothing ?
Went ahead and purchased level 2 for the month! Not used it before so not overly familiar with it, but it doesn't make much sense to me! Every order on the order book is size 5000 which doesn't seem right?! Plus, trades are occurring that the order book does not seem to be reflecting. Am I being dumb or is the LSE level 2 data not correct?!
Still plenty of sub-20p sell orders it seems, crazy given the news yesterday and subsequent volume!
Anyone with level 2 willing to share some info re the order book?
Yep been topping up this am, I think goes to the Chinese or Canadians and expecting we will see 40p on this..
5-0, China is really the only deal that makes sense in the circumstances imv. Been saying that for quite some time. I gave zijin purchase of continental in colombia in early 2020 as a good reference.
Continentl had 11 m oz and 3.4 m reserves and. Virtually complete 250 oz mine sold at top of the market for $1 b. Us. We have around 650 k reserves and 2.4 m oz and a mine to finance.
Quite some time to run yet I suspect and wouldnt expect any possible payout until beyond q2 at best imv but thats nothing when you been waiting 12 years .
Expect a much better response when a binding offer announced.
Good luck peeps
Yep, Book5 certainly knows his onions. 20p+ at close today I reckon.
Not much stock around this morning, market makers trying to quell demand, a number of online brokers are 'at best' only.
I think it is fair to say that sentiment has turned the corner, a large Chinese group on-site for 8 days and meeting the Government is very very positive - the poster book5 suggested all along the project would be sold to the Chinese.
12 trades so far for a volume of 237000. All buys above 18p with a high of 18.50p.
Can we break 20p today?
Simms, rio is too big for us. Unless they buy calibre as well blwhich is unlikely and more complicated. They pulled out of nic already.
Condor looks to be almost certain to get a decent offer and in webinar yesterday MC says could be within a period of a month or even end of this month depending how you understand what he says. I am largely expecting share price to recover to 20-30p once the seller at 17p departs and await news as it could be worth 40-60p to shareholders or more once binding offers are released and competition increases. Once an asset has multiple offers often you also have others take a look as boards responsible for acquisitions must review Condor now or they are not doing their job and miss an opportunity. Will Rio Tinto be in the mix as they were always a likely contender back in the day. That would put biggest Chinese miner head to head.
On a good day for gold stocks and with gold having rise from 1810 to 1910 in the last week Condor gets a mention:
“ Among London's smaller stocks, Condor Gold, which mines the metal in Nicaragua, climbed 2¼p, or 14.3 per cent, to 18p amid claims of high interest in a gold project it is selling.”
"I'm sitting tight. I honestly don't see the point in selling at the moment and I'm scratching my head as to why people seem content with a penny or two when outcome will be significantly more."
absolutely with you....