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Just a little concerned at present with the amount of viable businesses going bust as they are unable to get loans from banks, I appreciate MC's background in finance but I think our safest way is to start small with toll mining then hopefully we can secure loans against future production. Hopefully news this week on the permits.
Interesting to see that in the lastest presentation ,despite what we see on this board, they are still talking of potential toll mining cash flow, as stated before that would be a game changer if MC could pull it off.
Ok, so what do we think will happen first, pubs openning again or Condor being granted permits? Was hoping notification regarding permits would have been this week but having said that I was also hoping the pubs would be opening this week as well, wrong on both counts. Come on Nic government and MC.
New tax year and it looks like the ISAs are getting topped up, no better share to top-up with in my opinion, onwards and upwards hopefully. With regards to the permits, MC said that he hoped they would be sorted first quarter which means any time soon hopefully, that should then take the government out of the timeline for a while and allow us to make steady progress to production.
Just been reading an article by Dominic Frisby about availability of physical gold, he says that all the gold refineries have shut down, the vast majority are in Switzerland near the north Italian border which between them refine about 1500 tonnes/yr, so even if producers are mining gold and producing the 'raw gold ingots' they cannot get them processed into 'pure gold ingots' anytime soon. Meanwhile, demand is growing which means the price is only going one way and soon.
With regards to what Condor are currently focussing on I would suspect it is mainly office based work which is more controllable and doesn't need material external resource logistics. With regards to Calibre, if they are unable to continue operations for a number of months it will affect their proposed income stream and possibly delay exploration to provide ore and income streams which could open up the argument for Condor to ship ore into the future.
Without any evidence to substantiate, having seen what Condor has provided for La India village previously on the social responsibility front, it wouldn't surprise me if the company is actively helping the village to try to control this epidemic, hopefully with temperature checks and advice on isolation where needed. As I say, this is what I hope Condor has done, we should be looking after what we hope will be our future workforce. Come on MC, prove me right.
I agree EL, big sellers offload 50k and 100k at a time and there is generally some big numbers appear after the close which isn't happening here, more likely 18p-20p buyers taking some profit while it's there which means the stock becomes more stable at these levels as for the new purchasers the profit is not there yet so I believe the sales will dry up but may be replaced by some 20p-25p buyers closing out at around 40p. Just my thoughts as usual.
The volume is only 7000 on TSX sofar but is holding up at C$0.58, I can only assume that, despite not producing yet, the increase in the price of gold and general collapse of all world markets or the news of Rio's interest in Nic has meant that the TSX market has rerated the stock more inline with others, who knows.
Nero, rather you be correct rather than me, he's hoping and looking forward to the next few days, my understanding is that there should be little difference between the two markets as per the rules so hopefully any rise on tsx will be reflected on lse.