Member Info for AndrewFfoulkes

I do not think a capital raise is coming at these prices, with $10m in the bank why would we at these prices. What we can expect is a strong PR campaign in the next weeks and months. Significant news is in the pipeline though in H2.

CQ, not a chance of an RNS before Friday and that'll be interims.

there will be nothing said in the webinar that we don't already know, certainly nothing market sensitive.

The froth was caused by traders at the margins speculating about the Calibre coincidence. For the LTH it is a common enough sight, it is of course another buying opportunity. Also LTH, it’s better not to encourage the traders to avoid these sorts of violent moves.

I remain convinced that we are heading for £1-1.50 within 12 months. Nothing has changed.

I'm not surprised. I thought this was just coincidence. Interims on Friday will have generic updates. It never pays to get excited at Condor about specific timelines, news when it comes always does so as a surprise - this is a tight ship.

Most likely Friday and undoubtedly we will be updated on land acquisition etc.

Yep, click the link in my previous post and you can actually look at one ??

https://gofile.io/d/AwQce8

"Condor Gold has erected" Private Property - Mina La India" signs around their land.
Villagers believe main land owners have already sold."

https://www.kitco.com/news/2020-08-06/E-B-Tucker-correctly-predicted-2-000-gold-price-he-now-sees-this-year-end-target.html

t123 with an AISC of circa $700 your figure to split at $3000 would be $2300. Incidentally, I don't believe the AISC on Mestiza for example would be as high as $700.

I personally think we will toll mine, as I've said it's all down to detail, I'm sure that they're receptive to an arrangement, the negotiation, if one is taking place will be how the ore is processed (mixed with theirs or batched) and the % split of the take. My guess would be Calibre will be greedy so want the better side of the deal.

I do think it will eventually come good here, it's had so much money thrown at it that approval must surely come. Whilst crazy things happen in government circles, this seems like a prime and safe mining opportunity not to be missed. Then again, who am I to get into the minds of the relevant officials.

Don't get me wrong though, Condor is about to explode to the upside like nothing we've seen, even those of us who were here in 10/11 (and before), just not quite yet. I don't recall the top price but it was well north of £2 and we've done a lot of work since. I'm trying to remain calm and said previously £1-1.50, I think £2 is now possible withing a year or so if Gold remains over $2000 AND we toll mine AND we drill as well AND acquire s/hand mill.

I still think it's coincidence, all too good to be true. Nevertheless, one day very soon I feel a very substantive next step progress RNS will be issued that takes us to the next level and I don't believe that RNS will be alongside the results next week. I hope I am wrong but don't believe so.

Let’s not talk ourselves into a speculative corner on this. It’d be nice but I’m preferring to think coincidence until proven otherwise.

Just wait until Condor is discovered (re-discovered) by the masses, it'll be day traded to much higher levels and hopefully sustain something north of a £1 later this year.

I would not have thought that Mark was naive enough to allow that to happen. It would be well understood by the locals what is happening I'd hope. Equally as the wages are low anyway, there'd be nothing wrong with us retaining staff on some the the revenue generated.

I can't disagree with that reasoning. Time will tell.

condorquestion that is also my view, plenty of ways to skin the proverbial cat, the devil of course is always in the detail.

Don't forget toll milling isn't off the agenda, it could hit us from left field at almost any time. If we toll, it'll possibly be something like Mestiza and I'd say we could be producing via toll before y/e or close to it in terms of timeframe.

It's all to play for now!