George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
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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
I wouldn't go so far as to say that 90p is pipedream land. 60 - 70p is more probable, but 90p is possible.
The leverage for the buyers has materialised through time without a binding offer. Jim's hedged us by throwing an exte mil down somewhat. But annoyingly we've still come across as floundering somewhat
We never should have bottomed out at the levels we did - that was the anomaly. This is a normalisation, we should be ++ from here easily.
And yes 90p is pipedream land, but earlier target prices were £1.20. The kev
If you look at last 3 months Calibre are up 56%, even with a $100m placing and Mako mining are up 25% with their own GOldsource purchase. c=Xondor up respectable 38% so really all stocks relevant to our valuation in Nic puts us in the mid range. Still plenty of upside just to keep pace with the locals so while happy to see Condor moving it is not an outlier by any imagination.
Behave troops, some starting to sound like AimMaster in reverse 😂 let Jim surprise us all!
Let’s hope so as scaling £0.30p has felt like climbing Mount Everest without oxygen!
123. 90 p would give m cap around $250 m . Watch this space . Not gonna happen.
Good to see 30 p again let’s hope it holds . Up 36% on the month . That is more than most goldies simms by some way .
There is a late reported trade just after 6pm of 1000 shares at 32p. I hope that is an indication of where it’s going to open tomorrow !
I hope you are right but I doubt above 65 is realistic- unless it is a paper Calibre deal that was negotiated at an earlier time
Closing @ 30
65 to 90.
Watch this space
Really hope not. Rather hoping to focus on 40p but psychologically breaking 30p would put us into a good place but bid might well come before that and push to takeout price that could be low end 45p and high end 65p but we might know very shortly.
I think you’ve unwittingly put a curse on £0.30p Simmo! ;-)
Thought this would pop through 30p this morning but Condor share price has only so far tracked comparable rises to other gold stocks so really nothing yet priced in for impending take over price. Still plenty of upwards movement imho.
Bed the ISA
Yes low volumes point to a lack of leaked news, however interesting that the MMs are still pushing up the bid.
Fingers crossed this Calibre theory pans out soon...
Agreed Sakura7, I’m still incredulous about the lack of big buys, BWTFDIKA!