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After 13 yrs. people believe onion telling the truth,the guy couldn’t sleep straight. Him and him are thinking of one person and it isn’t you. Yer permit re rate All studies completed yer re rate shovel ready yer re rate. The guys a absolute bull hitter he won’t have me at any meeting no more as I will put it on him and he melts The track record for the last 3 yrs is a abortion it’s all about Jim getting he’s money back and tuck me and you.
As MC said they are not a miner, and have had a reality check! They have brought it to stage of being mined, leaving some profit for the next company to take it over. Time to put it in new hands, nothing wrong with that. He doesn’t have to resign, the strategy has changed. We are now at the point where the rubber hits the road as to value, all those years of work. The market believes 16p, as it is fed up, jaundiced and the general commodity and gold sector is in the dumps. JM believes differently, MC is hinting in the podcast, I back JM rather than the market sentiment, and am averaging down. We will soon see. I can certainly acknowledge your view, better for me!
@justone I appreciate your opinion, but if Mc is not fair, why doesn't he take responsibility, resign and transfer the responsibility to someone with experience and expertise? everyone agrees that 15 years is enough time to draw conclusions , his performance and his strategy have failed in every parameter, the least he can do is to look at the eyes of his investors and say I disappointed you , I failed and I take responsibility, It should have happened a long time ago and it's a shame it didn't
All valid arguments both ways Justone & BenBen88, but personally having been here for nearly 13 years, with an average around £0.50p, I personally can’t in any good conscience buy any more. What will be will be!
I can concur with your arguments BenBen, the market agrees with you. I am a contrarian, and follow the adage that fear and greed rule a market. MC I believe is fair, he knows the share price is pants, he knows he has created no shareholder value. He has also personally lost out, and I bet his average is a lot higher than 16p. He is now telling us long suffering shareholders IMHO to buy up as he knows the offers.
@justone Let's assume your arguments are right, why isn't the SP sky-high? , for the same reasons you believe future buyer would agree to pay a 300 % premium can't we equally assume the market should react tha same , and if the market despite all the good reasons you mentioned are clearly not impressed,( probably mainly because of the jurisdiction) I prefer to be realistic and not assume that miraculously future buyer will.the past year proves this point, GLA
Well BenBen all we have to go on is what MC says. Gold hit record highs at 2130 on Monday, US annual deficit will hit 3.6 trillion this year, US treasury’s are being dumped, the world dollars dominance is on the wane, central banks excluding USA are buying record amounts of gold. China is having an economic war with the US, whoever controls the commodities has the power, China takes the long view. I am very comfortable to allow Jim to maximise his and my value of this company. Not long now, and if I were you I would start crowing when you know the result, you are currently a bit premature and you might be surprised! Enjoy the suspense.
With large shareholders regarding Plan B I wonder? MC hinting that there’s more than one rabbit in his Magic Hat? Plan B at some stage may provide a better SP than Plan A?
Very simple @electric I believe Condor has a great assets with poor management and management can be change any moment right now I'm taking a bath a so selling now won't make a big difference but my hope is that the shareholders or even JM will make the logical decision that base on their performance, the current management must go
So sell up and invest in something more to your liking? If not, explain to me why not?
unbelievable, 30 minutes of mc bull****ing about meeting with some chinese diplomat and people here are actually hallucinating about 50p 60p wake up, no one is going to pay a premium of 300% above current sp i wonder what people here smoke? would love to see a similar precedent anywhere in the world including tire 1 jurisdiction, forget about nicaragua the average premium has been paid for acquisitions in past years is 35% at best.
the sale of such assets is a bad idea, and even if it happens, and it will only take place after a "takeover"
otherwise, someone will lose and billionaires don't like to lose bottom line until condor's shareholders internalise what b2gold, hemco, calibre, and mako understand from the beginning, nicaragua is not a jurisdiction that creates value and no matter how good your reserves are, on the other hand, nicaragua is excellent place to generate cheap and stable cash flow, (if you are smart enough to get to production before insolvency ) and then leverage that strong flow to create value elsewhere , b2 did it at the time, calibre just a mount ago .
what about instead of burning cash by paying law firms and mc's travel to meet chinese diplomat , why we don't deserve a professional management with experience in latam to lead us asap for plan b in order to generate flow and increase it over time, everything else just pipe dream.
It does not look good at the moment, I agree, they have not delivered any shareholder value, in fact the opposite. I have to 3 bag to get any value. However it does not mean it will stay that way! I do not believe MC and Jim are in it for a couple of bags, this is an aim investment after all. The Chinese, the clue, will value gold in the ground in Nic at a higher value. The clues are in the interview. I expect to be surprised with gold over $2000 bucks, but there again I am an optimist! The fact they are dishing out some shares at 15p to the inner circle when they know the level of offers and the interest, says that there is some money to be made at this level. You buy the shares you take the chance. We have not long to wait according to the interview. Go Jim go!
Current buy is below mid price making all the buys look like sells 15.65S/15.85B
Onion didn’t use the word re rate Jim’s getting he’s average down marks getting paid well with more oiling from Jim to come. It’s that good with moved minimally If onion telling the truth he can only be there to sign something anyway I sticking with my facts no go in the middle of January
All I'm saying is it's all good and well if you've got a 16/17/18p average, I'd be ecstatic if I was buying in at this point! But everyone and anyone that invested between 2010 and 2019 is still getting hammered - I refuse to give mark and Jim a free pass because they're convinving new blood they can generate shareholder value based on a...wait for it... 30m mcap and 16p shareprice.
Sorry, but that's simply not an achievement right be celebrated.
Wake me up when we've got a bid in for 50p plus, at which point I'll agree that Jim MIGHT have some chops. Until then, this is a flop.
MMs must have loads of shares available - I just bought a pretty large number of shares across yesterday and today, and got them easily - must be a big seller out there - seems odd
I found the update video very compelling. Most confident i have seen MC so you either believe what he is saying or you dont.
Right there with you Surrey. 100% agree
About 10 years, you are right to be sceptical so is the market! What is the downside at this level? I am a believer as there are so many clues. Mc is fair, we could all subscribe at 15p on that big raise. The market is jaundiced and just doesn’t believe, we will know soon enough.
I wouldn’t bet on it Simms45, although I hope I’m wrong, however this share has never done what it’s supposed to! Look at all the buys today and we haven’t moved! GLA.
How long have you been in CNR?
Whilst the upward momentum (can we evebln call it that, this soon?) is welcome, many continue to be severely under water.
I remain skeptical until the deal is DONE. Many of us here need a triple bag to break even, let alone have this be a "good investment". Mark and Jim making some decent noises, but I'll believe a result when I see one.
You are not in Nic right before christmas going in and out the Chinese embassy for fun. We are close as MC was teasing early New Year. Shame not before but we are probably closer than we think. Given it has taken a year of hard negotiation i hope it will be north of 50p as that is only a small premium to share price before they started this process. Condor should float back up to 30p between now and New Year.
Personally I am pleased that no deal has been done, and yes it has cost us some running costs. The price of gold makes a world of a difference, when you are sitting on a potential gold district, to the valuations. When gold has risen by 100 bucks and you have 5m ounces, it sets the heart racing, when we compare to our current market cap. Yes we have to discount down, but it backs up MC’s optimism, and why Jim is in no hurry to sell it cheap.
Ddd, personally a little shy ov your reckoning with £100 m 120 m top. We will have 200 m shares soon and any warrants and options that are in the money. Also is mc reward benefit which isn’t clear how it is worked out . Then hannan and I believe 15% tax. Not sure if tax is incurred if it is a takeover though. estimate £20 m leaving either £100 m or £80 m and probably 215 m shares.
Yes I have thought from the begining that Chinese was the likely suitor.
Obviously will be very happy to be too conservative on my guesswork. I think that we may miss April again😜
Geo, yes I found it odd to telegraph this raise speculation .One assumes that it is perhaps it is outside of the bod. Why not buy on the open market? What’s the advantage? Hope it’s not attached warrants! There is still another £1m of Mellon 15 p warrants . Perhaps he would prefer some sharing ov risk till a deal is struck. There are quite a few at 23 p too.
After over a year and another raise and more to come Mellon is impressed with the process! Can’t say I am but hopefully we are heading to a deal. Naturally not as sold as some here, after all they have got to throw some kind of bone after a raise,2 warrant cashing an and another raise imminent and more than a year spent already. By the time this deal hopefully completes you could have almost built the mine.
It can only be good though that the market knows we are funded for 5 months . 15 % down today is much nicer than close to 30 yesterday. Added today and some late last week. Hope we continue to move at open