RE: Might not be a take over27 May 2022 09:27
"Very hard to value so simplistically".... No, its very easy to see that the mine would not get the $100 plus for a top asset.
The point at issue is should we buy Condor at 32p? IMHO if we think they might sell rather than develop the asset the answer is no, as the potential uplift from a sale will not be sufficient.
Put another way, the obvious bidder would be Calibre ......assuming they are happy with the performance of their assets in Nicaragua.... what would they pay ? - Would anyone else be interested?