Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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Some great thoughts on Equinox as i had not really considered but Ross still owns a stake i believe and given his deep knowledge of Nic it would make some sense at this time given the avalanche of cash miners are making currently but most suffering from a considerable value mismatch. I think what is happening is Calibre and other producers are racing to get on the radar of a takelover when they reach 500k ounzes. Calibre could do it in 12-18 months on back of Masthsn buy and Condor and if they do that they could quadruple their shareprice and be a target for next wave of takelovers. Shame Condor did not prove up more of its 5-10m ouze district but i think it counts for a fair bit of why the takeover has taken time. Still hoping for a JV or go into production update but suspect we are now too far down the sale to pull out. I expect Condor to push on this week as we are crazily undervalued and barely more than book value. gla
It is important to remember that the 600000 ozs in the BFS are the tip of the iceberg. A buyer of CNR is also aware of all the other work that has been done:
“ The current mineral resource estimate on the project area is prepared in accordance with NI 43-101 comprising an indicated mineral resource of 9.85Mt at 3.6 g/t gold for 1.140M oz gold and 5.9 g/t for 1.88M oz silver and an inferred mineral resource of 8.48Mt at 4.3 g/t for 1.179 M oz gold and 8.2g/t for 1.201M oz silver, all contained within a 9km radius within the La India Project area. “
We also know that Mark has said this is in all probability a 5million oz gold district and there aren’t many of those that are shovel ready on the planet just as a gold and commodities super cycle is underway. The success of the next door miner Calibre acts as a case study. If Jim can’t get a really good price now and repeat his Uramin sale I think he needs to hang up his boots and retire!
I am very pleased with my investment in Equinox which I think will rerate when Greenstone goes into production in the next couple of months. I hadn’t thought of Equinox taking an interest in CNR but it is a Ross Beatty company and he was a shareholder in Condor. I still think it is a compelling opportunity for Calbre as they can start producing almost immediately and get their acquisition cost back very rapidly at the current gold price.
Yes Newmont is having a nice run which should have a long way to go. Newmont’s better than expected results saw the worlds largest gold company rise 12% in a single day which I suspect is unprecedented, but is a reflection of just how cheap gold equities remain even after the moves seen in the last month.
Hi cf. reserves of over 5.5 m oz as opposed to Cnr 600 k . $1.25 b construction complete and sub $1k aisc. Also 14 yr production rather than 8. 1 m oz production not too far away for equinox. Surprised nobody sees them as possible purchaser .
I hold calibre and equinox however I still expect it to go Chinese.
888, nice run in newmont!
Https://ceo.ca/@globenewswire/equinox-gold-consolidates-ownership-of-the-greenstone
Equinox already own 60% and just bought the remaining 40% for nearly $1bn. Yes, it's tier 1 in Canada, will be producing 400,000oz a year for 14 years but effectively spent $1bn for 160,000oz.
Not a now problem, but Schiff could be on to something:
https://schiffgold.com/commentaries/if-10-year-yields-surpass-5-say-hello-to-qe-and-massive-inflation/
It seems like more a question of when, rather than if...
I guess there might be numerous, as his workings dates back to more than a decade. I ve hears of him from Lynn Alden, who is a famous macro analyst, and mentioned him. Imdeed he has a very impressive work, hundreds of dispatches (weekly monthly), all of them some special approach.. But he is not out of personal reach, answered me each time when I had saome special question or temark, or juat expreases my gratitude towards him.
Rider, any idea how many people subscribe to his content?
The flurry of buys Friday afternoon is more than likely to the release of that blog post. We saw that with his last posting about us.
Not for risking potential invalidation of membership, but out of pure fairness, sorry that contetnt cannot be shared by myself.
I repeat, anyone searching for undervalued shares, with great potential, or riskier real multibaggers, and interesting, thoroughful writings about them should try membership with him. Many times of the costs of annual, then life membership came back rapidly at my first investments along with him. I never had multibaggers before. (Real multibaggers besides 2-3 folds, I came across 10-15 baggers also.). Alhough his writings are easily comprihesable by anyone, some sort of experiemce and intelligence is needed: the readers have to choose those ideas that fit their knowlegde, risk profile, and comfort.
Br
I’m not normally one to speculate on timeframes but I think subconsciously I’ve invested a lot of hope in the end of April, early May….. so here’s hoping!
Thanks @RIDER75,
He seems like a sensible chap. I'll take a look at "The Art of Execution". However there are rather a lot of paid due diligence/research/tip service providers.
Any chance you'd share then name of the "Undervalued Liquidation Case"? (Obviously not if it's going to invalidate the membership that you've paid for!)
Great to see us push back to 32p again as its long overdue and i think really holding up any all share offer as we need to be at a higher value to get past Jim. Maybe 40p is in sight once we have jettisoned some who cant wait a few weeks. if we dont get an RNS next week.
Rider - thanks for that it draws together a lot of ideas mentioned here, it’s clearly not a flash in the pan idea as he’s seen something of what we’ve all experienced
Perhaps tellingly it’s what he didn’t say that’s interesting….. I like the June deadline idea makes sense
(Nero, you re welcome.
A recommend him generally, lucky was I to find his work. The most intetesting ideas for me.
I rapidly became a lifetome member. His writings completely changed my approach to stock market. Not to mention my investment account...:-) )
EL, it depends on the number of Condor shares you hold and the corresponding number of shares you would receive in the new company. I hold a fair amount of condor shares and don't relish having to sell a sh**load of shares of the new company, bearing in mind the subsequent costs involved.
China listed companies, no thanks.
if US or Canada listed, I'd know there was a liquid and ready market for my shares. So that's why if it's shares I'd prefer North American listings. Obviously cash is always best in the first instance but if it isn't cash then a decent listing.
Thanks for posting that Rider!
What we want is really not relevant. We will get what we're given. That said, I'd be pretty confident that JM and MC would also prefer a cash deal, no matter who the buyer is. Either way, you can sell shares and get cash, or buy shares with cash, so I don't really understand the cash vs. shares debate.
As I said before 45p all stock suits me but only if it's Calibre. Chinese, I'd want cash, not to be trusted!
This neighbour chap of MC seems to have a close eye on Condor and hopefully spotted some . We are now a few months over the normal due date of the results so i tend to agree we have been in legals for sometime. Lets hope next week or so this is finalised and deal can be released. Will it be 50% or 100% upside is really the question. Will it be all cash or all stock or a JV. Hopefully we will know soon.
Very nice write-up, with a few interesting details, and the publicity is welcome of course. That said, at it's core, it's just some more speculation, which we have plenty of already! The questions of who (not very important), when (pretty important) and how much (most important) are still to be answered. Let's hope for some clarity soon. GLA
"The sales process is taking longer than anticipated, but the Board is anticipating that further progress will be made in the New Year. Investors will be updated in due course."
We're a 1/3rd of the way through the 'New Year' !
You heard from the mother ship?
The kitchen sinks are coming forget next door a update by the month end onions been put strapped in the kids chair for the remainder of the journey
Wanna bet on that Punter?