Member Info for AndrewFfoulkes

It seems pretty obvious to me that significant newsflow is about to take place. Be that days or weeks, it is coming.

"it cant be valued as it is only worth what someone is prepared to pay"

I've got to say that bloke has got to be the biggest cretin on planet earth. He's right of course but when people just want to pay more and more for it, we can;t just ignore it.

Simply the market, things have only got better here.

Did someone say a £28 party or was that another share ??

Mark was and is very relaxed, it's just his style, you may perceive that as fluffy, I see it differently, we'd not have a market if we all saw things the same way.
As regards setting deadlines, that simply is not possible, by way of example, what if he says all land bought before the end of 2020 and some of the sellers decide that they can push for more by using that deadline as leverage, we'd be buggered. Best to leave enough commercial flexibility for us.
In terms of strategy, it's crystal clear, we are going into production, we have possible deals for both a second hand mill and a new mill on the table and will be contracted before the end of 2020 most likely. Toll milling is also an option and discussions are taking place. What more can be said.

Quite pleasing to see some consolidation in Gold but a sensible increase in CNR.

One thing I am confident of is he doesn’t have millions to invest. That’s another reason he doesn’t buy more shares in the market, though I know he would if he could afford to.

Isa, not so sure about your assessment of me but I am thoroughly researched, I do speak to Mark perhaps once a year, I do exchange emails with some questions several times a year. Mark is always careful not to say anything he should not, but equally there are questions he can answer that often dont get asked.
All I can say is watch this space!

Bear in mind that is with our own second hand plant, the capex for a toll agreement for Mestiza would be more a very, very small fraction of that.

Yep, I've been watching Mark for most of those 12 years and reckon I can read his body language as well as anyone. I also find it useful to speak with him directly on occasion, I presume you do the same?

Wow, you just know that from the way he speaks it is lightening speed progress and significant news within weeks (not months).

t123. Goldman have a history of duplicity, so ironically I'd not be surprised for them to be long the dollar and short (or setting up to do so) Gold :-)

I suppose it's one of a number of risks that must be borne in mind. Which begs the question, why would anyone invest in these jurisdictions if they were concerned it was a serious possibility? Best to stick with the FTSE (or perhaps not).

For those who perhaps don't follow CNR as closely as they might, the Q&A aspect of this CNR presentation from 26th June is well worth a re-listen.

www.condorgold.com/vef/load/41f5b79072a6e09a569462038bcfcdc9?width=640&height=365

Good to see some froth come off Gold this morning. I'm always very uncomfortable when you get rise after rise after rise, that does not make for a healthy market.

t123, I may just find religion if we come even close to £5 :-)

No argument on your numbers but my personal belief is that early cashflow in present environment is a necessary evil. That way we can use those monies towards further drilling and also to offset cost of our own mill. For me the beauty about tolling some of our ounces is that it'll take up our sp to a level suitable for further fundraising for the lions share of what we need.

Isn't it great when we can have a balanced debate about strategy rather than a discussion about whether it's worth investing in the first place. HaHa.

I very much agree about not sharing our high grades with Calibre but surely that depends very much on the format production might take with our ore, for example it could be run through mixed with theirs (not ideal) or separately (ideal).

T123, I believe production timeframe just may be significantly less than that IF we can do a toll deal.

Frenchie38 my belief is this makes no difference as we are following a two pronged approach, both our own second hand mill and a toll agreement. Either way our sp rockets when news comes.