Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Munch it's gone down because PIs are selling, like they are with most other shares. It's selling driven by general market fear, not driven by fundamentals. Volume is not particularly high, but the drop is always outsized with Condor. Like El said, keep calm and carry on.
In my opinion, Condors problem has always been a lack of buying volume which is why we see drip drip for ages then it explodes on news when some buying pressure comes in. We're just not on enough investors radar for whatever reason, perhaps because Mark's skill is in running the company but perhaps not selling the company to general investors (as wondergoals has said for many years). It is hard to find a CEO who has all the whole package, but Mark is doing a very good job of running the company through tough conditions, even if we would all like a higher share price in the interim.
I try to remain objective yes, though I admit my frustration seeps out at times. You're a bit all over the place. What if the mine is nationalised? What if JM sells up? Why is the SP down? What if the land isn't bought? (Who said anything about the next 4-5 weeks?) Don't expect it to go straight to the moon. (Well, yeah, duh). What if taxes are increased? What if there are problems in production? Don't expect £5-6. (Not really a brave prediction to make - that it won't 10-12 bag from the then-50p SP).
And that's just from your last couple of posts. It's not very coherent.
Yes, there are risks. But that's why we're here in an AIM gold junior to begin with, right? Because we believe that the potential reward is worth the risk.
Can't believe the pounding the price is taking. If it goes to 40p, I might buy back in.
EL. I’m glad we can have a chat without getting all sweaty about it.
I’m not thinking it will
Happen and hope not but my theory on why the sp is so low adds to these pointers.
Look, we all want to make profits and we must understand that one day it will happen here ..... just don’t expect this to go straight to the moon, I can see many parachutes being used along the way.
It’s always surprised me how undervalued we are and have been , my final question .... what if for any personal or commercial reason JM decided to sell his stake ?
It’s not 100% certain he will and not 100% certain he won’t but can you actually imagine if for any reason someone with his holding is forced to sell ?
This stock is really on shoe strings and it’s not ants in pants believe me, we have all had them once or twice .... it’s just about being realistic and why the sp is down another 4-5% today is anyone’s guess.
Land always has and always will be an issue .... I can’t personally see anything resolved in the next 3-5 weeks.
Will wait until new year for a major re-rate, so sad that gold got crazy high and it did not be of it us one bit. Strange.
IIRC, the issue of nationalisation (if that is indeed what mb is on about) has been discussed on here on the last few months. The upshot was that they tried that in Nic in the 80s (?) - which might make you think that they'd try again - but it was a complete disaster. They didn't have the expertise or internal knowledge of the companies involved to make a decent go of it. Very unlikely they'ds give it a second go IMO, far too much to lose, as cambells points out. If they stuff up the gold mining industry, they really will be in trouble. It would also kill off any other investment in the country of course. Set them back decades.
If you think that's a realistic possibility mb, then you really ought to be selling up altogether TBH and IMHO. Staying in a share if you have concerns of that nature doesn't seem wise to me, BWTFDIK.
That's not what the market is worried about IMO. Covid-19 is. Plenty of other shares down, yesterday and today. Can't remeber how long the March crash was, but think it took a few weeks to stabilise. Now, as then, gold took a big whack too. Good for the gold price and us long term I think, but short-term some turbulance at best is inevitable.
Amazing how many get a bit antsy the second the SP drops a bit. And that goes for the wider market as well as here. Nothing's changed. Keep calm and carry on.
nicaraguan government will not risk 3 up coming mines about to be producers giving them 30 per cent net tax revenues to the state