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Polo, if pog retreated 20% miners would drop a lot lower. Have seen a number of 29-30 % roses in producers over the last few years followed by the same retreat . However J reckon we are on a real breakout for this year. Shg was one of my main producers but sold as soon as the deal was anounced and moved the cash to clsk and microstrategy. Sitting fast was not a good idea and yes was a cheap deal for what they had. Peeved they recommended the deal but switching has been kind. Look at what Shg had and compare to Cnr then tell me how Cnr is fetching the same or more?
Will they get to vote on it polo?
Lots of unhappy Shanta LTHs. They have been shanta'd on.
I'm in two minds about the recent rally in precious metals. Whether it is the start of a long term bull market or a fool's rally orchestrated by hedge funds. Saying that, the miners look undervalued even if the POG receded 10 to 20 percent. The Shanta deal price is very low for LTHs that's for sure.
I just hope we don't get shafted like those over at Shanta. And they were producing!
I've not followed it very closely, but there are some very unhappy share holders over their today by the looks of it.
Don't give us away Jim!
This bird surely doesn’t like getting to the holy grail of at least £0.30p!
22 Feb 2011 07:00
RNS Number : 6064B
Condor Resources PLC
22 February 2011
Condor Resources Plc
7th Floor
39 St. James's Street
London
SW1A 1JD
Telephone +44 020 74081067
Fax: +44 020 74938633
22nd February 2011
Condor Resources Plc
(''Condor'' or ''the Company'')
Approval of Concession Swap in Nicaragua
Condor (AIM:CNR), the Central American gold exploration company, is pleased to announce that the Nicaraguan Ministry of Energy and Mines has now approved the transfer of concessions between Condor and B2Gold Corp. La India and Espinito San Pablo concessions are now registered in the name of La India Gold S.A. which is 80% owned by Condor and 20% owned by B2Gold. The Cerro Quiroz concession is now registered in the name of Cerro Quiroz Gold S.A. which is 80% owned by B2Gold and 20% by Condor. The concession swap was announced on 6 September 2010 and was subject only to the approval of the Ministry of Energy and Mines.
- Ends -
For further information please visit www.condorresourcesplc.com or contact:
Condor Resources plc
Mark Child, Chairman
+44 (0) 20 7408 1067
Luc English, Country Manager Nicaragua & El Salvador
+505 8854 0753
Ambrian Partners Limited
Samantha Harrison and
Ben Wright
+44 (0) 20 7634 4700
Farm Street Media
Simon Robinson
+44 (0) 7593 340107
About Condor Resources Plc:
Condor Resources plc is an AIM listed exploration company focused on developing gold and silver resource projects in Central America. The Company was admitted to AIM on 31st May 2006 with the stated strategy to prove up JORC Resources in Nicaragua and El Salvador. Condor has four 100% owned licenses and 80% of La India concession in La India Mining District; three 100% owned licences in three other project areas and 20% in the Cerro Quiroz concession in Nicaragua. In El Salvador, Condor has 100% ownership of four licences in two project areas.
Condor's concession holdings currently contain a JORC compliant inferred resource base of 909,000 ounces of gold in Nicaragua and 747,000 ounces of gold and 22 million ounces of silver in El Salvador. The Resource calculations are compiled by independent geologists Ravensgate, Geosure and SRK.
This information is provided by RNS
The company news service from the London Stock Exchange
END
The swap was purely within Nicaragua. See the RNS dated 22 Feb 2011
Yeah we definitely did a swap with b2g, but it was so long ago, I can't for the life of me remember what it was for.
I was trailing through old rns, but gave up. I guess if we have still got concessions out there the company will tell us at some point.
Cannot remember didn’t we do some kind of swap with b2g back in the day
Lets hope that in situations like this concessions pick up where they left off or if that was the case there would be no licenses valid for anyone.
Simms you are the most relentlessly optimistic person I have seen . As a weary cynic I envy you
I would have thought any concessions or licences we held to mine in El Salvador expired years ago.
We could very well have a suitor for El salvador as that 747k ounces of gold is just a tiny fraction of the district. Would be great to see how much this is now worth as it was valued at 0 until today that mining is back on in the country. This is some great news and be interesting to hear impact will be.
“Condor has spent several million pounds drilling and exploring in El Salvador over the last 6 years and discovered a JORC compliant resource of 747,000 oz gold and 22.4 million oz silver. The existing Mining Law enacted in 1996 with amendments in 2001 encourages foreign investment in the mining sector.”
Bloody hell, yes it's been so long since El Salvador was mentioned I'd forgot all about it. I think when I first invested it was all about El Salvador, I don't think Nicaragua was even on the radar.
Bugger, I must be getting old.
GLA
Mining ban to be reversed by government? I rather lost track of whether CNR holds a concession there.
When does the company have to announce it's annual numbers by because surely they will have to give some form of update at that point, e.g. how many people are in negotiations....
Who would've thought after all these months of moaning and frustration regarding that amount of time it's taking to get a deal, that the long delay is a real silver lining in terms of the bull gold increase is now perfect timing for Condor.
Every day and every rise pushes up the companies valuation in real terms.
How many companies of interest did MC say........Hmmm.
Gold has broken out of a longterm cup and handle bullish formation seen in the monthly chart. International markets and trade use gold futures price which is currently at $2318. First targets are $2350 and $2500, personally $2900 is not out of the question this bull run based on cup and handle formation.
https://www kitco com/opinion/2024-03-05/gold-cup-handles-abound
The advantage of a rising gold price is that new parties suddenly become interested in acquiring highly profitable shovel ready mines. At current prices La India has a projected NPV over $800m and IRR 90%+ in a juristriction where TSX companies operate without hassel. What is not to like? Hope it can attract suprise bidders
40p+ club checking in. Hoping to sail that easily.
Yip just seen that…. Hope it can maintain it till we get done ha ha
Post Comex close, but Asia could see a few more USD overnight. All good.
I've been reflecting on the March 19th Calibre $100m fund raising announcement. Two points come to mind:
1. The deal closes on April 16th. If there is a connection with this and CNR, then I'm guessing we wouldn't see a deal announcement until after this date; maybe a week or so later.
2. The cash isn't enough for a complete cash buy, so I'm inclined to think a part cash/part paper offer would be more likely, with a weighting in favour of paper.
3. Calibre's SP has tracked up since January, clearly influenced by PoG. It's difficult to speculate on what the paper part of any offer might be.
All assuming that it is Calibre in the frame. We could all be dead wrong on the subject.
Getting twitchy as have a full quota of T shirts but certainly nice to be sitting safely in the blue as we wait
You lucky so and so Joe75, if only!