George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
All very fair and balanced comment nero. I do think that in 12-18 months time we'll be looking at a different scenario as regards the Au price. Physical stacking and producing miners will be better than money in the bank.
I think most on here would rather we'd gone into production to extract better value, but we are where we are. Tether seems an option for some miners, but seems that it's not one MC is considering. I said on here a while ago ( possibly years ) that I would advance monies to buy Condor's gold at a price discounted to the market. If our AISC is around $1000, then cheap finance would be me advancing Mark $1200 an ounce for a couple of barrow loads would be the deal. Who is joining me?
New Year pretty quiet so far here, so currently watching and waiting for imminent news elsewhere. Wish people would accept opposing view/comments on here. I find them all part of the jigsaw and act/ignore based on my own judgement. Don't feel name-calling is the answer nor is it constructive.
Problem CNR have vs Calibre, is that we haven't yet secured finance. Whereas they producing and generating revenue. Market feels our only route is sale and with the sanctions from Biden, we stuck here until news leaks of an approach. I've always said thruppence ha'penny was a good price here. Unfortunately over the years we've not had the success to boost the numbers. Still here with a low average and hoping Mark's magic Hat produces something. 60p would be great, but feel now 45-50p is more likely. Atb all Condorians
Surfaced from the festive alcohol lake to find full request for additional shares granted. Only time will tell now but with a not too shabby average a slither above the offer price, 60p would be a tasty new year’s feast.
Would truly be the greatest Lazarus of all Lazari ………….if this came back?