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Well that’s April gone, if this isn’t declared by end of May I’d be surprised (is that even possible any more)
Struth they know how to drag it out
There is a good chance the sale price could come up to around 60p if some predictions are correct and possibly as soon as this month so we will have to wait and see. i notice Calibre have hit an almost 3 year high at $1.6bn and only last month extracted $100m cash so they are flying high and have close to nearly $300m cash. Condor is now pocket change for Calibre if they do secure Condor, unless the Chinese walk away with the prize. i expect some brinkmanship between them both that could help maximise the value for Condor shareholders. gla.
Yep I know broomtree....I was here for a couple of trades in early December from 15p to 17p and took £500 profit.....I didn't expect it to double since.....c'est la vie. But you never know.....I may be back! ATB
We'd do well to park morals for a second. We're all invested in Ortega's economy..
Make good f-king money and get out.
Are we all forgetting JM's Russian endeavours? For god sake park your convictions and buckle up. If you feel weak at the knees know that the purchaser is going to fivebag their investment at the absolute minimum.
Bankrupty - Hi bit late to the party here 15-25p was ideal entry points but if you believe the sale is coming it certainly won’t be a slow burn once news hits! All the best
What a champagne socialist commy!
Maybe just invest all of your Nicaraguan gold profits to the great unwashed if you feel so strongly about it.
Simply put, if Jim and MC are trying to maximise the sale proceeds then we all benefit… tax payers and non tax payers!
I forgot about Polo with Neil Herbert, Guy Elliot and the famous Stephen R. Dattels of course but also Big Jim was there for a bit before Tang. And although I run a mile from anything involving Jim now (due to my losses in Speymill Deutche and someit else?)...I forgot about this wee gem Polo..we did well...so perhaps I'll relook at CNR...Surely with the price of gold there is bound to be a slow stampede....lol
I made a ten bagger no less from Mellon's Polo Resources back in the day (hence my username).
The shareholders that time were nicely rewarded with a big jump in share price and dividend when the copmany was sold.
Make of that what you will but in my experience it's not this board's strategy to deliberately screw over shareholders.
Strictly speaking you're confusing non dom with non resident.
I've bored Britain on this subject for many years. High level - you can "live" somewhere like Monaco and pay absolutely no taxes apart from an initial "joining fee" (pocketed by the Monacan royals). After that you don't have to live there. You can quite happily flit around the world with a tourist visa and for the UK you'll be able to stay up to 181 days a year and not be caught by any tax. The US is similar but more complicated.
I haven't done this recently but if you go down the UK rich list my guess is you'll find no one actually resident in the UK for normal tax purposes. Also don't be fooled by Swiss tax residency. For some reason Swiss federal law allows rich individuals to negotiate a personal tax deal that is kept secret so you can guess what sort of rate is paid!
What has this got to do with my original complaint? Well it's pretty clear people who do this a parasites. In reality they live in normal taxed countries, enjoy all the benefits both personal and business and pay nothing towards the basic social and business fabric and we ordinary folk have to and yet these parasites disproportionally benefit from our tax dollars.
In summary it's clear they don't give a toss about us in the wider economic and social context do you really think they are on our side in respect of the company sale?
Vote against all motions and let them know we are not pushovers!
Since the strategic review there has been £7 m raised and almost burnt and more options , etc added. I don’t discount another quick raise yet possibly most likely the last of mellons cheapest warrants.
Something that hit me in the recent pump piece. Mc has joined the other non dom directors in tax haven. I find it unlikely that mc holding will be in profit and he has had years to fill his isa pension etc. do we assume the undeclared nature of his bonus will put him in need of non don status?? The piece also failed to address the fact that until notified, it is an asset sale. I imagine all relevant options and warrants when cashed will could well be a nice trough for the bbod to award themselves for their sterling work in shareholder appreciation.
The problem in this country isn’t paltry support for peeps incapacitated it is the tax dodging non dom culture that runs the country and keeps its wealth offshore.
We know the shares are tightly held so it doesn’t take much to move it. We are now at a price many who took it up at 15p are looking at a 100%+ profit and they are happy to take that to avoid any risk.
It’s news we are waiting for, whilst the SP rises are nice, we should expect some selling along the way
I think you're being too kind. The process has been going for the best part of 18 months. They could take us through their original thinking leading up to the putting up for sale sign, how the numbers of interested parties have grown and fallen. Why people have dropped out why new people have appeared, why the process has taken so long, has the effect of sanctions diminished over time, have the management up their expectations of the selling price with the rise in gold price or have they kept it the same and instead tried to wrap the sale process up etc etc etc.
None of the above breaches confidentiality but would at least gives me confidence they are serious about selling. Saying the are is on thing actually selling the company is another.
Sure the gold price has gone up since the start but that doesn't make us masters of the universe. Just lucky.
Our luck could also run out...
In fairness they cannot communicate any update given the commercial sensitivity. We might only need to wait a few more weeks and we could all be put out of curiousity who is the buyer and how much. Yes the sales process had been too slow but so too has the pog rocketed and made a difference to both the sales price and the number of possible interested parties. There has been a lot happening since they raised the flag and mostly in our benefit. If they took first offer 15 monthd ago i am sure we would be furious and maybe just maybe the price now will be accepted and if many bought on placings are in a good place.
It's been well over a year since I sat in a poky room with Slimshady talking to our esteemed CEO via a screen who was decidedly distant (in all senses of the meaning) even though I was on my best behaviour and what has happened since?
Well not much, our great leader has got even techier but is still paid his full time salary, we're in a period of profound non communication which the optimists read as nearing a deal but history suggests the opposite could be equally true.
I for one will be voting down all the resolutions come the AGM purely out of the desire to remind the big boys that we small people still exist and yes we'd like a bit more firm information after 18 months of *ugger all.
For me the excuse of commercial confidentiality is an excuse no more. I urge everyone else to do the same . Yes I know that it won't make much difference but they'll have the embarrassment of reading out percentages of resolution approvals of less than 99.9% which might, just might, stir them into communicating some worthwhile information this time.