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Easier said than done Simms45, but after 13 years ‘invested’ and staring down the barrel for most of it and I’m still well in the red! I can’t in any good conscience or sense throw anymore funds in here, regardless of what the final outcome may be! You my friend are welcome to do so if you the ability and good luck to you if you do so. GLA
One thing will be sure is that when it finally happens It will be obvious. Everyone will look back and wonder why they did not buy at 30p when a few weeks later it was 45 or 65p. I feel that with all the "very very soon" Jim handshake and no comment from Condor, that is uncharacteristic, and the enormous boat load of cash that Ryan could not quite say why they needed and in the same breathe outlined a strategy to sort out their lacklustre Nic growth by securing extra resource it is starting to be hard to say something is not about to drop and almost an open secret. Could be wrong and certainly the price at 30p suggests nothing is going on. That is testament to a tight ship as any real leak would see the stock jump to 40p+. Could be the last few weeks of an independent Condor.
I posted previously that I'd bought 65,000 shares a few weeks back hoping to ride the acquisition pony and it has provided a £3,500 profit so far.
Purely fore the record, I sold 15,000 today to take profits and as I am looking at another, more binary investment to ride.
I think Cnr could easily have a further 10 to 30 pence further to rise, so will try to keep my remaining 50,000.
As a side comment, to echo another, with POG at $2,340 or so, I can not understand by JM wouldn't just buy, or fund the mine to production himself. He is a patient man and this route would bring him many times more millions of profit !
I hope the deal is essentially agreed and that we will be benefiting from an increase in Calibre’s share price
From a perspective of potentially getting Calibre shares besides cash, the steeply rising sp of Calibre is not a welconed news, I think. Am I right, or it has nothing to do with the final deal?
I'm still at 50p, with a pessimistic possibility of 45p and an optimistic outcome at 65p. The optimistic end is influenced by the amount of paper in the deal, and pessimistic view assumes more cash. Even with gold on a roll I think getting beyond 65p will be a struggle.
I'm sure I saw a fleeting reference to there being two days to the Annual Report earlier today. It might have been Yahoo, so don't bank on it. They are of course over a week later than last year already, so they could come out later this week. Nonetheless, I'm still of the view that they will appear around the 19th, or early the following week.
It's taking a breather. Whether that means a pullback (I'll buy via an ETF if it does), or whether it's getting ready to assault $2400 is anyone's guess. Whichever the case I don't think we'll see it much below $2200, even if there is some selling. The central banks don't seem to be ready to change course.
Https://www.theflyingfrisby.com/p/decoding-a-cryptic-no-comment-is
To be fair there has been very little in communications from the company for the whole of the sale process. So I wouldn't read too much into that.
Happy birthday in the meantime!
Will our billionaire get bored with the game and sell below value? Or...does he have a notion of value that he is stubbornly sticking to...and the rising price of gold is leading potential buyers to converge on that notion. As a billionaire and not bored, I would only sell at my price and not below my price. And if the price of gold reaches $2500 or more and no one pays my price, I will build the mine myself. I believe our billionaire is in a strong position and the price of gold is further solidifying that position. Condor's position has changed from please buy me to let's get a good deal. And sales comparisons with other mines are meaningless. Other companies may have sold at a knockdown price...but our billionaire is not throwing anything away.
You actually sold !!..$wa%...!
Anyone have an opinion on how much it will be , I am thinking 50 or 60 p
But as it’s my birthday tomorrow I hope they announce then that’s its a £1 😀
I think we would all be happy with that !
There has been nothing from the company for ages now, which I think is a sign that they are too busy trying to get the deal over the line
Any thoughts ?
There appear to be 3 bed and isa transactions so far with both parts of the trade being shown in the sell trades. So 290460 of the 381000 sell volume is bed and ISA. A bed and ISA is a vote of confidence and if it is to be recorded at all it should be as a buy. In reality the buys exceed the sells today and let’s see if we can breach 30p before the close.
Showing as double sells. 2 x £20k double trades today, mine was the second one
I do not think there will be any retaliation or restrictions on Nicaragua for this action. Hope I am not wrong for our sake here, if indeed a sale is being negotiated with Calibre.
It's a truly horrendous situation in the middle east in Gaza, and in Eastern Europe in Ukraine. War - the rich get richer and all the suffering is endured by those at the bottom of the pile. I would like to see peace everywhere, but extremely difficult to achieve.
Https://www.theguardian.com/commentisfree/2024/apr/09/world-court-germany-support-israel-geopolitics-nicaragua
Possible that there will be some retaliation, i.e. restrictions on western companies (e.g. Calibre, Mako) doing business in Nicaragua. Not great if Calibre is the bidder, clearly no problem if it's the Chinese.
Ilks. Tell Shg holders that or take a look at aris mining reserves and m cap ! There are average prices in the ground for inferred and indicated oz as well as the desireable proven reserves. Perhaps did some research.
Anyone can make up any numbers but the possible purchaser will have different ones. The only things we have to go by is similar deals. Let’s hope there isn’t too long to wait to find out. Hopefully before next cash raise.
30 p hard to crack but looking ok to me. Come on mellonski, get this done by Chrimbo please .
Ilka, unfortunately that is not the way to value gold companies.
$2,35 billion
Condor Gold (AIM: CNR; TSX: COG) is pleased to announce the results of an updated mineral resource estimate (the "MRE") for its 100% owned La India project in Nicaragua. The updated MRE is 9,672 kt at 3.5 g/t gold for 1,087,000 ounces of gold in the indicated mineral resource category and 8,642 kt at 4.3 g/t gold for 1,189,000 ounces of gold in the inferred mineral resource category. Just the value of 1 million ounces is at least $23.5 billion. Should we give it all away? Condor needs to make more than $250 million.
Fully agree - lets get on with it if no one is going to step up to the plate. There was so much talk about being in such a good place as we have bought a mill...lets use it before it rusts away.
I completed a request to Bed and ISA 20K worth yesterday with Halifax, but it still hasn’t transferred. Just contacted them and they have a 3 day backlog!.
$2352 :) now gold is flying so high why does board not forward sell, say 40,000 ounzes at $2200 and borrow $88m and get on with it. I am sure lending and equity options are now more plentiful. Surely China would like an extra 40k ounzes and that would not even dent our reserves. Where gold could go is anyones guess but it feels like it is catching up for lost time as it barely moved in decades.
Pog on the move