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Looking forward to the breakout in that case Geng...
We might hear something this week if calibre secure their financing tomorrow
Unfortunately the lack of anything from the company is not helping the sp. Too long in my opinion in not providing an update. Treating shareholders with distain, some of which, like myself, have supported the company for 15 years.
Yeah, to be honest I was thinking the same? A few people on here who’s crystal balls are severely warped!
No
Are you on the wrong board Geng?
Good solid momentum, should break 34p soon.
Down we go again
London:
https://goldprice.org/spot-gold.html
Shanghai:
https://www.cmegroup.com/markets/metals/precious/shanghai-gold-usd.html#venue=globex
I reckon they'll take a day or two to digest, although anytime after the 17th and news could drop. Assuming of course that there is a connection to Calibre. Intense speculation, yes, but we still don't know anything for sure.
Gold is back to $2360 on the Globex\Asia markets. There's still a difference vs Shanghai. If it falls again the arbitrage situation remains.
I stand corrected on that; AIM Rule 19. I think the Covid extensions have now gone, although not too sure on that. It might test the patience of investors if CNR waits until the last half of June. The next two weeks look more likely to me.
It's four months on the main market, but it's six months on AIM.
https://docs.londonstockexchange.com/sites/default/files/documents/AIM%20Rules%20for%20Companies%20%2801012021%29_1.pdf
Might we hear something on Tuesday? Is that when Calibre financing completes
I did see this:
https://www.cmegroup.com/markets/metals/precious/shanghai-gold-usd.html#venue=globex
At $2429, it suggests around an $85 difference, and a volatile opening tonight.
I'm trying to pin down a live price for the Asian exchanges, as the commentary on Saturday morning suggested a $100 price difference between the Western exchanges and Asia i.e. an arbitrage situation. At the moment all I'm seeing is circa $2345.
Does anyone have a live price link that validates the higher prices, or has the price delta been resolved already?
It's 4 months under DTR 4.1.3. I thought it was but have subsequently checked:
https://www.handbook.fca.org.uk/handbook/DTR/4/1.html
A listing rule rather than Companies Acts.
I think they have until the end of June to publish the 2023 Annual report, 6 months from the year end.
PoG is down $50 from its high today, an inevitable correction. It remains to be seen if it's the end of it but I'm keeping my gold ETF powder dry for the time being, until it's clear.
Https://m.youtube.com/watch?v=qobUwba0uIQ
Good listen around M&A action in the mining sector. I do wonder whether the sudden rise in POG will put more pressure on the buyer to do a deal quicker before the value of our asset gets more and more profitable.
Needs some actual news to stay above 30p. Otherwise it will bounce back down. Sentiment can only go so far.
Boredom has set in again....
Yahoo have reverted to 'Earnings in three days' today. Whatever the case the Annual Reports need to be released by the end of April. I don't think they will wait that long. I'm not particularly interested in last year's financials, other than the fact that something will have to be said about the sale\negotiation process. It's kind of the only thing anyone is interested in.
The mind boggles when thinking about how much the value of Condor's gold in the ground has increased. I've got to believe the the NPV of the proven stuff has to be close to a billion by now. This rapid increase in PoG may well be causing some negotiating issues, especially if the asset exit formula is tied in to PoG.
Meanwhile, we'll see how the U.S. market deals with $2400 gold this afternoon. $2500 anyone?
Therese those random single digit trades again. Not that i believe if any of that voodoo.
The cynic in me says an artificial SP pump would do give us a good baseline for a takeover at X premium.
Agreed frenchie, high time Onion gave us an update now. When I joked a while back that he was waiting for April fool's day I never imagined that we'd still be waiting. Thank Christ gold has been going up in the meantime!