Member Info for AndrewFfoulkes

Big spread as well at the moment.

This looks like it's being walked up nice and steadily the last week or so.

I hear what you say but as I said �20k is �20k. I consider that to be significant, perhaps I'm not wealthy enough and it's only small change. My point really is that we have to be positive, what would your view have been if it was a �20k sell. Your logic suggests you'd have to say well it's only �20k, no big deal, just a small ISA transaction, but my guess is you'd consider it to be a disaster. You can't have it all ways.

It is always great news when an insider buys shares on the open market with their own money. �20k is �20k, I'm assuming you'd have grumbled if he'd been awarded these shares for nothing. Even if the CFO is a multi millionaire a buy in the market is a buy in the market.

Also of interest is how totally useless the buy/sell marker is with CNR. Trend is our own useful indicator on this share.

It's great news. My own view in terms of market sensitive (ie permits) it doesn't really mean anything as that's something we can't know until Nicaragua tell us. It's different to say drill results that we can control the newsflow process etc.

Yes must be, my mistake. Pity.

Serious vote of confidence!

Worth remembering that buy/sell trade markers are useless. Many buys on a wide spread can be below the mid price and equally on occasion sells could be above it. Trend is your only friend, there were self evidently more bits today than sells!

Well just over 7 weeks to go for my latest (and final) prediction for PC and Permits. It's not exactly looking good but you never know.....

Is now over, hopefully they all went back to work this week and are beavering away on our permit request.

I was surprised we did not progress to PC and Permits last year. It's self evident that the Nic government eventually found Plan A unpalatable but prevaricated too long (as did we) before deciding they did not want the risk associated with it.. Plan B however will have been discussed in detail with those that make the decisions and this time I am convinced we are only weeks away from a PC and decision.. However nothing will occur this week or next because of Easter which is highly significant to this Catholic country. Should I be incorrect again I will refrain from guesstimates in future despite their educated nature.

CONDOR GOLD (BUY 140P) FY Results. Condor announced full year financials, though these are not a major catalyst given CNR�s pre-production status. During the year, CNR spent �4.9m in operating and investing activities and raised �5.2m through equity. Key highlights during the year and post-period include the submission of an amendment to the ESIA to the Ministry of Environment and Natural Resources in Nicaragua that removes the requirement to resettle 330 dwellings, 1,000 people, which has been a key sticking point in the process. As part of the redesign the company will move the planned plant site 1,200m from the village, redesign the open pit waste dump and some other infrastructure. Management have indicated that they do not expect the changes should not impact the reserves, resources or production rate as set out in the PFS (Reserve 675koz at 3.01g/t producing 80koz for 7 years with a Resource of 1.08oz Indicated, 1.23Moz Inferred). Exploration highlights include a 6,000m drilling programme on the Mestiza target to follow on historical Soviet drilling, which was not included in the PFS with notable results including a high grade ore shoot in the Tatiana vein over a 450m strike length and estimated true width of 2.2m with intercepts as high as 28.3g/t and 23.3g/t. CNR also completed a soil geochem survey over the entire 313km2 of the La India project. At present, CNR is trading on 0.2x NAV and should rerate towards 0.6x (our target multiple) as it moves through the permitting process and continues to demonstrate the exploration potential of the broader district.

Yes we still need a PC and probably a couple of weeks after that for approval. So if we don't get a PC within the next 6 or 7 weeks I'm way off. Based on more than a gut feeling but less than certainty. I place my sacrificial balls well and truly on the line and accept the consequences if Nicaragua let us down again!

8-9 weeks now.

I'm confident that we will have a PC in the next few weeks and that will be rapaidly followed by approval, 2-4 weeks later.

itsaduster, please refer to recent RNS's

Weeks!

Let's not get ahead of ourselves. I can't see the slightest prospect of us mining in the foreseeable future either, we need the permits in the next 8-10 weeks first, then we need to fund the BFS and carry out the BFS, then we need to debt/equity fund the build out, then we need to actually build out. The above said, I do not believe CNR will mine for gold in its present form, we will either partner with a mid tier or sell out, either way suits me. That's all for the future though, first it's those permits.......8-10 weeks! (Gulp)

There is no doubt about it Mark made a big mistake in deciding to pursue Plan A for too long, there's no point going over this old ground, no doubt he had his reasons.. When it finally dawned that this was unlikely to be approved without a big battle (if ever) he's moved to Plan B. In my view Plan B is already acceptable to the authorities and most likely satisfies all their requirements, now we are looking at rapid progression to permits (weeks)!