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Nero120 yr in the know can you tell us different please
When taken private by JM you won't see 25p. Lucky to see 15p IMO.
This is going private and I am annoyed that i can't accept selling at a 50% loss just in case of the forlorn hope that someone does open their cheque book. If a deal was to be done it would have been done by now. Anything else is BS IMO. 13 years and nowt! Not even 1p a share in old money which is still lower than 1.5p in 2010 after the El Salv debacle.
That's a fair point Frenchie. The lack of information has not helped the share price one bit.
They have spoken and confirmed no deal as easy as that ask for mr Chubb who was not available and a colleague come out with what I didn’t want to hear. It’s Jim’s next year
I expect that MC and JM are letting Hannam run the show, so it'll be their rules, probably. For example, I think it was said somewhere that not stipulating a deadline was Hannam's advice. Who really knows though. It seems that we will hear nothing until the whole thing is done and dusted.
There’s no deal that’s exactly what’s going to happen then onion will get a over inflated roll what’s ask mr chubb
Interesting to see that the offer is a non binding offer, which has not been subject to an NDA. Why, therefore, are we subject to no information of the 5 non-binding offers received? A year since the for sale sign went up and we are non the wiser on who and how much these bids are for. https://wcsecure.weblink.com.au/pdf/TIE/02732044.pdf
And then some! Getting harder to hold as it slips back towards 15p….. at which point it gets taken private and we get 25p…. Then big Jim does a deal with a producer to come in and get it going
They were already holders. Decent for comparison.
Good find c f. From quick look. 1.8 m reserves against our just over 600 k and into production. Lower aisc.
https://wcsecure.weblink.com.au/pdf/TIE/02492954.pdf
Mines in or close to production do seem to be the most desirable . Makes Shg look good value.
Https://www.nasdaq.com/articles/australias-tietto-minerals-gets-$399-mln-buyout-bid-from-zhaojin-mining-shares-soar
Zhaojin mining again doing M&A. $400m USD on a producing mine of around 105-120,000oz, around 3.5m Oz deposit. Not looked at it any deeper.
Wise words Joe75, I hope reverse the psychology works!
Frustrating as the waiting is, I personally am not going for the no news is bad news approach.
No news is exactly what it says on the tin. Not bad news and still possibly good news, but not right now. Fair enough though if you want to look at it differently, but personally I'm just going to try and chill out about the whole thing. Life never offered any guarantees but one anyway!
Slim, I’m sure we all share your frustration at the state of play, but we are where we are, what’s the point of posting your feelings time and time again will anything change? Anyway it’s your choice and that my two pennies worth! GLA.
18 yrs and look at the mess you’ve put this in , this share had so much going for it and you ducked it up 17 p and 26 Cad you should be in court
Come out and tell em no deals going through this year
Soon be November zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz
C f. Martin is a bottom feeder. He got el lemon mine from rrr for virtually nothing when they failed. He also is involved in various shady deals with Ortega so personally not see him as a white night. This is the end game and we will likely see that shareholders have the weakest hand. I think we already do.
We saw when Cnr couldn’t comply with 18 months from permits to start construction that the nica gvnt can very much bend the rules , Cnr still refers to the project as almost construction ready! That worked out in our favour, However they can just as easily bend the rules , or indeed uphold the rules to steer this project where they want it to go and where they see it as most advantageous to themselves. Cnr holders mean nothing, both the eu and uk have sanctions on nica.Geo politics are gradually worsening, sorry Simms. China is the most likely destination for sure.
The market really is not liking this 1 year no news . I hope I am being pessimistic but the smell isn’t great to me. I expected a longer timeframe than most here but it looks like I was ramping rather than de ramping. I dodged a bullet swapping my Omi in here when they were about 8 p but really wasn’t expecting to o be heading to 15 p here.
Obviously buying now if there is a deal would be a good buy but very risky. The risk at 16 p is no deal. A sale has to return 100% from here. It’s a bargain but nobody’s buying. Could be a mega deth song lol. I might just be a chancer and add some soon. Shot to nothing as it were.
Good luck
No simms because emojis don't count as an RNS. Quite right though regarding CNR should have built a mine.
We still have the non binding offers and since updates in summer on deal in the bag we still have a deal happening or they would be obliged to RNS otherwise. We are just waiting but as BenBen says $4bn flooding into Nic from China and Condor is probably a morsel to be added. When China moves this much capital into such a small country then it is serious about its plans and Condor will be part of that. I guess we nees to wait a little longer but a deal should be forthcoming. If it takes an extra 3 months from binding so be it but all we need is a binding deal ideally over 50p so theoretically all investment money injected is paid back out. Would not feel like a success but would be closure. Its a tragedy Condor has not been building the mine as this board would be very different and upbeat. $2000 gold is here to stay sometime to come.
It’s not a predictions believe me
I'm with Slim on this prediction. I called it some time ago but now feel like passenger in a car about to crash but unable to jump of the bloody thing!
Seingred, if a reasonable offer doesn't come in, we'll have to put up a small plant and crack on. As far as I'm aware, Randy Martin is still a shareholder and may have some contacts/experience in this.
Simms, there is no chance of completion this year imv. Calibre deal with b2 took over 3 months from announcing. And b 2 were holders in calibre at the time. The next likely event imv will be further funding , hopefully Mellon converting more 15 p warrants. The question now ddd is will it complete by next April.
After almost a year we have 3 site visits and no binding offer. Not overly promising if you are on the sidelines. I imagine a Chinese offer being the most likely and most desired by Ortega . What if there is only 1 offer. What actually is the alternative ?
Simms45 I agree with you but have reservations about the land, To the best of my understanding, the land was bought from its owners, the government has no connection or influence to the process, It would be great to see officeal extension of la India concession beyond Nov' 26, unfortunately on the day it expires, licenses won't matter any more and Condor will left only with the value of the land. The hourglass is running out and we will have to see movements in the next few days,
in the past week the Chinese announced 4 b$ Investments in Nicaragua
Condor project is a pennies and ready to go, let's hope the solution will come from there.
Gla