Condor Gold Share Price (CNR)

All we are seeing is endless speculation, they say no smoke without fire but we are all smoke at the moment…. And so to another week…. Could it be the last ha ha

For me it is all in the way he expressed that in the webinar and when he talked about buying resource and then stopped, almost thinking he had said too much. Yes you could read otherwise but thats fine. He also suggested and reason for Marathon deal is they are not happy with 2x cashflow. He thinks exposure go canada will change that. Nic is a cashflow monster we know that but its also fairly obvious that running mill at less than half capacity for last 5 years is not what investors want to see. Calibre want to hot 500k a year asap so if you consider they are hoping to double their shareprice to $2.4bn or so if they can do a fast fix in Nic with mininal expense they will. Yes ortega might prefer chinese and chinese will want the mine but Calibre will also be keen for many reasons. We know its 2 horse race and time of delay is probably down to price etc. It could be either way but do we care as long as a deal is announced asap or they crack on with a JV with Calibre and keep status quo.

More likely in my view is that the increase in gold price now means that potential buyer's offers are increasing to the point where JM may seriously consider them. He's probably had a price in mind from the beginning, but no-one was willing to pay it. Hopefully, that is changing...

Maybe a price had almost been agreed and then the increase in gold price means we are trying to renegotiate

Simms, he said they are not only replacing reserves but adding them. He cited going from 200 k yo 1.1m so they have replaced any used ore and added 900 k oz in reserves. Cnr have 600 k . They are adding by exploration. Permitting and new concessions. They are making plenty of cash with an underused mill and will be bringing on extra resources on stream. If. Valuations here are to be believed they would need to pay $200 m and then another $100 m to build a mine they don’t need. Imagine how many oz they would prove up with $2-300 m in exploration?

As we know Nicaragua doesn’t give a good return on sp even though it is a good cheap jurisdiction. Mines in safer higher valued areas are more likely imv .

On top of that I believe the gvnt will be looking for Chinese diversity . It is the sensible course.

Whoever it is they are taking an age which isn’t generally a good sign in my book !