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Forgive me if I'm wrong but haven't we already had potential financiers looking at the company and the BFS is what they are waiting for, rather than recieving the BFS then looking for finance I have a feeling it is already ( within reason ) in place..?
How does it go from here?
At some point between the submission of the BFS and the end of 2022, the following events could occur individually or together:
Announcing the signing of heads of terms with a project finance specialist for a potential debt package. Subject to certain other conditions being met (e.g. raising equity to supplement debt), Condor Gold would then be in a position to commence full-scale gold production. Such an announcement would significantly de-risk the company and is likely to result in a re-rating of the stock.
Following such an announcement, or possibly even before, someone would make an offer for the entire company.
*Taken from a Swiss mining website.
I was invested here many years ago when a certain Jibbo used to post..I realised back then I was sucked in too early and while I thought the company was well run,MC was approachable and the resource was A1 I sold at a loss.
I didn't **** the company off, didn't slate MC it was myself who made the decision moved my money elsewhere and made up my loss.
I don't understand why anyone who post after post moans about the company stays invested..even at a loss cut and run. I do believe we are at a tipping point now and at the business end of the project ready for sale or production which has started with land clearing already. Hence why I am scaling in again.
Things that are continuously moaned about are out of MCs hands..maybe he shouldnt put timescales on certain things but at least he communicates with shareholders and does a lot of presentations which I think we take for granted. Many CEOs are never seen or heard,lie in the background creaming shareholders money MC isn't one of these..all IMO.
A microcap company that I recently stuck my neck out for is Condor Gold (ISIN GB00B8225591, CND), a GBP 46m gold explorer focussed on Nicaragua. My research report for Undervalued-Shares.com Lifetime Members dubbed the company Britain's next high-conviction bid target. There are indications that potential bidders have already started to sniff around, and the major shareholders are unlikely to sell for anything less than 100 pence – more than three times the current share price. The current market volatility might require investors to average down if the share price takes another hit. That said, after following Condor Gold for 15 years, it's a company that I believe is destined to be taken out through a cash bid sooner or later.
From what I have read he is a squeeky clean gentleman type outside of the cricket world..all good and a great move by Dev...
ildian haha dip hope you get better soon mate..; )
With the greatest of respect Spks I don't think you are the demographic..maybe think Ronaldo,, Roger Federer..In India he is huge (current head coach of national team) and a role model this is the target market, they worship him and is seen as many people's favourite Indian cricketer.
This gives the brand real credibility, both ways also Rahul happy to be associated with us is a massive coup..as you say Byju sponsor the Indian cricket team for good reason..great stuff. Bagzzz must be feeling more perkier now.
Sorry I meant I wondered if the news will be released when we relist hand in hand..just to underpin the relist share price if needed..sounds very positive and I'm looking forward to seeing the growth unfold.
"Something new, big and exciting is coming your way. We don't want to spoil the surprise, so stay in touch so you won't miss out!"
Could this be the relist..it would be good to relist with some explosive news!
RJ seems to think so..things hotting up at long last?
Government has given a green light to commence construction, hence the site clearance of 14 hectares in the area of the processing plant, which is a very visible sign that construction HAS started..
I agree we are coming to the business end of the project and moving into a new phase in the coming weeks.
MC's background is finance and I do trust the guy with this..ex army every box has to be ticked again not a weakness, I've always found him open and responsive to emails/questions.
The SP is frustrating but I'm sure this will improve as interest gains..all my thoughts tho but a little more patience and we could be off to the races...fingers crossed.
Sorry the link hasn't posted..great read if you're on Twitter. Posted by Michael Jeffries..
I hope the company can accumulate all that's going on with some actual sales figures and condense them into an RNS on relisting.
Scardey is good at the posting links and Twitter news..nudge nudge.lol.