Member Info for AndrewFfoulkes

"Condor has successfully permitted a new processing plant of up to 2,800 tpd, along with the associated mine site infrastructure, and is currently completing detailed engineering studies to make the project 'shovel ready'. Initial production is expected to be 120,000 oz gold p.a. from three permitted open pits. In parallel, Condor is now embarking on the exciting second part of its strategy: demonstrating the potential for a 5 Moz Gold District with the initial focus on a 5,000 m drilling programme at Cacao.

Most likely that was a buy as that was the very time the sp started to rise rapidly.

I stand by what I said, the other buyers have jumped in on the back of Jim's £2m offer, they did not need persuading, what is about to happen is there for all (including us) to see!

"What did the board present to institutional investors to persuade them to put funds into an AIM listed share with no income"

No persuasion needed, Jim approached CNR with an offer of £2m

I have no doubt whatsoever that land will be sorted soon enough, in all probability the issue will be resolved with the assistance of government and relatively soon. Our man with sources on the ground, book5 over at advfn, seems to see it as a more difficult prospect, I don't agree with him.
Further 5000m drilling for resource at Cacao is a good idea pending assay details from infill work recently.
My guess would be that a plant will be secured soon, we are in a very strong cash position now to move this aspect forward.
The will we/won't we toll produce now seems more like a won't we but who knows!
As has been pointed out, Mako have raised without issue for San Albino, I suspect we will encounter little difficulty raising money when the time arises, even the same people are a possibility.

Is anyone watching the Reddit brigade and their next target Silver.

I'd hazard a guess that there are two schools of thought within Calibre, the first is to grant us a toll deal and use up their own slack capacity whatever the sp outcome for CNR. The second would be those that are more interested in acquiring CNR on the cheap and probably don't believe Mark can take us to production. Frankly, the second group are plain wrong, if not naive.

I have commented previously that I'd heard that Calibre approached Jim Mellon (via one of his investment groups) to acquire us on the cheap earlier last year, this was done cloak and dagger. I do not believe they understood the relationships within CNR.

The problem is Calibre desperately want to buy us on the cheap.

So they have an issue, if they grant us a toll contract our sp will pop and they wouldn't be able to buy us cheap. If they don't we will go it alone and the price will pop eventually anyway (albeit we struggle along the bottom for a while longer), I'm not too sure they are negotiating in good faith because it's not necessarily in their interests to do so.

I really don't think Calibre have grasped the tight hold Mark and his mates (and us LTHs) have on the company and that in no circumstance is it going to them on the cheap!

O/T but fascinating to watch from the sidelines.

https://www.reddit.com/r/wallstreetbets/comments/l7opbs/explaing_how_we_won_yesterday_and_how_we_have_the/

Maybe someone should mention CNR over there not just SLV :-)

RNS :-)

"we are under a CA with a group" to get the plant, strongly suggests to me s/h and not new! I see no need for a CA with a new plant, I reckon it's coming from someone else (another producer) and they don't want tongues wagging.

Famous last words but I don't think it's anything more than a healthy drilling RNS expected in the immediate future.

paypal.

I'm not even sure why we would fall at all given the current state of play with our project. I appreciate we do track the pog to some extent but as a late stage explorer, we probably shouldn't yet.

You miss my point, once dilution has been done it is immediately priced in, it has no further relevance. Only future fundings have relevance to current assets. What we have today is what we are worth, looking backwards seems a little pointless.

I think our dilution history has little impact on current valuations. We are were we are today and ought not to look back too much. The assets should be valued in the light of what they are today and what remains to be spent, what has been spent previously and any other sunk costs are now done and gone.

It is the person within that matters, not what it does.

https://www.regentpac.com/template?series=10&article=6

a nice all shares offer would suit me. although Mark seems to want all cash.