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Retrace is extremely disappointing.
Lack of comms has transitioned from anticipation for deal into anticipation of failure to launch.
Seriously considering cutting our losses at this point seeing as we need to break 40p to break even.
Retraces will happen until we get sustained buying volume. That will only happen when there is a clear reason to buy, i.e. a deal.
Frustrating, but that's the way it is. Until we have actual news, the rest is just pure speculation.
Nero what are you talking about fella? No one knows when the 'deal' will happen so how that that be a clear reason to buy? Just another pump and dump it seems whilst your email buddy hides away in his Sark lighthouse.
You seem to blow a bit hot and cold Surrey. Only a week ago it was "This is going to absolutely fly. I continue to tow the 90p+ line" but today it's "Seriously considering cutting our losses". Perhaps this explains it - "We've got serious money tied up in Condor that frankly I need out over the next 6 weeks."
Well unfortunately for all of us, JM does not work to any of our schedules. Would that he did! That said, I would suggest that nothing has changed on the ground to warrant a significant change in your position, bar you own liquidity requirements.
Plus, on a selfish note, I doubt any of the rest of us look forward to you dumping millions of shares! If there are not ample willing takers, I wonder what your average exit price would be. Probably some way below the current 30p I imagine. Another reason to grin and bear it if you can. Appreciate you may not have a choice in the matter though. Cest la vie.
Punter, if you are able to read then you and everyone else will know when a deal is made because it will be announced via RNS.
Err, The sp will jump to the deal price immediately the RNS is released so you can't profit from it. Perhaps you hadn't realised that Mark.
You really have a chip on your shoulder don't you Punter? I feel sorry for those that have to put up with you irl.
Looks like I was spot on on my analysis of your lack of ability to read properly, since I never stated anything about "profiting" from any deal announcement by buying on news. If it wasn't already painfully obvious that's why us lths are still here.
A deal will obviously bring buying volume, whether to push up the bid or hold up the ask for those that want to exit at that point.
Will it really Oracle? Well you may or may not be right on that front. Let me tell you that I held Civitas shares just prior to them being taken over for a 40% increase in price (announced halfway during a trading day) and there was no discernible leak of news or price increase beforehand. So, no what you suggest is not necessarily the case, particularly as Onion and the real boss JM are keeping a tight ship.
What I suggest?! I'm talking about after the RNS is released, JFC!!
patience is running horrendously thin with bod, and i've got flipflopping opinions on the absolute silence from the board. although the rise could be attributable to a leak, the idea that its just a pump is extremely disappointing to me, and compounded by the fact that bod continues to be so incredibly tight lopped. i always knew cnr was a **** or bust investment, but with jm at the helm i was willing to over expose myself (stupid) and have cnr make up the targets holding in our portfolio (most other % is hedged through trackers).
i do still think jm could achieve 90p+, i don't take that back. but the disdain for lths i think - by now - is inexcusable
Largest* holding
Hahaha, you are just contradicting yourself! Explain how you profit from the sp going up after a 'deal' RNS is released then.
'Retraces will happen until we get sustained buying volume. That will only happen when there is a clear reason to buy, i.e. a deal.'
It's not uncommon for shares to cease trading on deal announcement, at which point the increase in share price is crystallised as opposed to sustained buying.
A sale is binary, so it's likely this would be the case unless there were leaks.
Surrey just out of interest, what "disdain for lths"? I'm want Jim to get the best deal possible, and can only assume that is what he and the management are working towards, given that they have strong incentives to do so. Do you have other information?
It is infantile to expect an ongoing commentary of complex negotiations that involve Condor, interested parties, the Nic government, other governments (?!), etc, etc. Apparently MC moved his entire family to another country to benefit from paying les tax on the proceeds of a deal that he is working hard to achieve, yet people here complain about being inconvenienced?!
Sorry but, **** me the entitlement here is staggering. No one has a gun to your head, if you or anyone else is not happy with the situation then SELL.
Let’s keep this civil everyone. The bod may be keeping quiet for a good reason. Or it maybe for a bad reason. All will become apparent.
Has anyone heard anything from Mark? Even a “can’t talk”? Recently. Nero?
Nero - you make a good point about Onion changing tax domicile. Agreed he's paid way too much already for just doing nothing except giving meaningless presentations. Even these seem to have stopped. However, the prospect of a really big payday could easily prompt the move.
Incidentally it's not that big a deal to domicile your tax affairs to tax free location. Your family can stay in Blighty and you can stay also for up to 181 days. Once you've received your big lump of takeover dosh you than then re-domicile back to the UK the next tax year .
Simples!
Sakura, last time I contacted him was end of Feb. Felt no need to hassle him since.
If anyone is feeling despondent then I suggest them to go look at the current price of gold. There is overwhelming incentives to get a deal done, is just a question of price and time.
The old "operating under legal advice" nugget.
How about operating "with a hugely valuable asset, under bear market conditions to land a sensational deal and earn your keep".
I'm sorry, but if this continues to be blackout until the AGM where we're told "there is interest and we're close", I'll be very unhappy.
So many years have slipped by, and so many much better opportunities due to this ridiculous bag holding
My expectation is that if China win the prize, Calibre could still make an all out share offer. Given their share price is booming and they are close to hitting $2bn market cap and $400m in thr kitty and addimg $200m a year we are now so small an acquisition and the impact on their shareprice from plugging the Nic issue and reaching 500k ounces a lot faster Means their market cap will be a multiple of the cost of Condor. Its a freebie for Calibre now. We know deal is in play as they would have to announce via RNS otherwise. MC cannot say anything until deal is announce. Again everything points to sale very shortly. Only different last week was a newsletter post but nothing has changed except deal will happen in time for results.
Our definitions of "shortly", "soon", "imminent" and.... "T
this year" .... seem to differ massively to the BOD.
Let's throw "due course" in there for good, woolly measure.
Again surrey, no one's keeping you here against your will. I would have thought you'd made it plainly clear that you're unhappy with the current circumstances. If you missed other opportunities you only have yourself to blame.
Don't forget "very, very soon".