Member Info for BenBen88

@major4legs I appreciate you actually engaging with the facts.

Grenell aside, he remains close to Trump and still influential in shaping his thinking on Latin America.

Source Trump talks about Grenell this week https://x.com/i/status/2033581670826484211

Trump, transactional as he is, has always been highly sensitive to the expropriation of American assets — that tends to trigger a response.

Source https://www.yahoo.com/news/trump-pledges-cut-aid-south-235839164.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAACakYAZwu-ZIFlfgpVcHsqS3NU4rNxRz7PPLVVwyzJiDMzaKd2VpCYBSl3-Ou5o4TT-MsQSIttiwuP95FkeD17t4nP942yMCUMi8dzfXimkT119Oq-uQPIa4iRWA-y3rtBn2vAhpZR8kz-J22mXQk0UjbvLr1o2hrm5ilf1XDRCH

Yes, Nicaragua is already sanctioned. But there’s a clear difference between existing measures and sector-wide pressure particularly on gold. That escalation is now very much on the table.

You can dismiss it, or you can read the direction of travel.

Personally, I’d say this:

Shorting mining companies operating in Nicaragua over the next three months may well prove a profitable position.

I may be wrong - but we’ll find out soon enough

Facts don’t care about your feelings.

And those responses? Peak British colonial arrogance - still clinging to the fantasy that the world depends on the thousand low-paid jobs you “graciously provide” while extracting local wealth.

Here are the facts:

A mining company with British and U.S. ownership has already been nationalized by the regime and handed to a Chinese entity linked to the Ortega family.

Senior U.S. officials are openly warning of sanctions.

If sanctions hit - your SP drops. That’s not opinion, it’s math.

At that point, no one will care about your “thousand jobs.”

Source https://x.com/richardgrenell/status/2033986750851285200?s=48&t=isjpugAGY2EgOF1DVBYPlw

As a Nicaraguan citizen and an opponent of the regime, I would welcome seeing mining companies stop funding this brutal system, which largely survives thanks to them. And if, along the way, I happen to benefit from taking a short position - so be it.

That said, I deal in facts, not opinions.

You can verify the facts yourselves in the attached link.

https://www.laprensani.com/2026/03/19/english/3656754-nick-candy-uk-billionaire-visits-nicaragua-meets-sanctioned-regime-fgures

Expropriation — fact.

A mining company with BRITISH and US ownership has been nationalised and transferred to a Chinese company linked to the Ortega family

US pressure — fact.

Senior American officials have raised the prospect of significant sanctions in response.

Market impact — fact.

If sanctions are imposed, share prices will fall.

These are not political views — they are straightforward realities.

Everyone is free to draw their own conclusions.

Cat FYI https://www.laprensani.com/2026/03/18/english/3655809-richard-grenell-warns-of-sanctions-on-nicaragua-mining-industry-over-confiscation

https://www.laprensani.com/2026/03/16/english/3653324-nicaragua-revokes-u-s-mining-concession-after-80-million-plant-seizure-granting-rights-to-chinese-linked-firm

https://www.swissinfo.ch/spa/compañía-nicaragüense-sancionada-por-ee.uu.-cede-concesión-minera-a-empresa-de-china/90840231

I’ve quoted this from the article a quick Google search brings up quite a lot more on the subject. I’ve attached three links for reference.

Nick Candy, was in Nicaragua this week and met directly with Laureano Ortega and other senior regime figures several of whom are under UK and US sanctions.

The visit has stirred quite a bit of controversy locally, especially given the current backdrop of increasing state control and effective nationalisation across the gold sector, Worth noting this comes at a time when Other UK/USA owned assets are being nationalized and replaced by Chinese actors

https://www.laprensani.com/2026/03/19/politica/3654479-magnate-britanico-del-sector-minero-se-reune-con-laureano-ortega-pese-a-sanciones-del-reino-unido-contra-el-regimen?fbclid=IwZXh0bgNhZW0CMTEAc3J0YwZhcHBfaWQMMzUwNjg1NTMxNzI4AAEe0nhoQNDAZu8OiSGRhdhFTwN2pEub8i3Wo3zjnZMj8Vonf-Gq-WlckJvsQSY_aem_Ys31cXx0QLMHxts2ubH0Gg

Calibrale is in no hurry anywhere

1.Condor is 8 months away from expiration date on la India concession. (Where most reserves are located) Then it returns to the ownership of the Nicaraguan government and calibre can apply without paying a cent to Condor ( except for the land which of course would be significantly cheaper without concession rights)

2. Most reserves contain relatively low-grade 1.8g/t The cost of developing the mine without processing plant is about 70M add to that transportation cost to their facility in la libertad... I'm not sure there's a profit there, it's hard for me to see a scenario where Calibre builds another planet when they're working on 50%capacity at the existing facility.

3.The calculation of the NPV Was done few yarts ago however in parallel with gold prices, also gas prices, machinery , labor y other expenses increased accordingly.

4.Condor's NPV calculation is, complete joke for many reasons but the main issue they actually calculate by 5% discount In the current global inflation and taking into account this jurisdiction It's not even a joke,

Whoever thinks Calibre is going to pay morethan the current market price better wake up...

year and a half and we're in the same place, unfortunately, with the same c***py management

Nope, I'm betting on a stock deal on Calibre At a value of 30-35p Any other scenario has no practical feasibility

It's amaze me that after a year and a half in the sales process, people believe in these numbers, if it was such a hot commodity, someone would already be willing to pay, For the same reason that Condor has not been able to obtain financing, it will also not be able to obtain a buyer for the "right price" the main problem is the cost of development, combined it with a problematic jurisdiction, (to say the least) , so it's a quite a risk. in the end it doesn't matter how good the NPV looks like It's still upfront quarter of a billion USD and a few years befor you see a panny back. What is not attractive to banks is also not attractive to the buyer unless Jim Internalize like many investors here that it is a failed investment (mainly because of dumb decisions of MC.) And now we have to save what's left because soon the main concession will expire and then we'll be left with land in Nicaragua on which we can grow rice.

It won't surprise if the goal was to improve binding offers in the worst case scenario if it doesn't work you can always get rid of the shares and make a few cents along the way ,well it didn't work... so with no news we on the way down again

Someone seems to be building a very nice position here, almost 10% of the company's shares changed hands since Wed, this is significant, It seems unlikely that random german newsletter caused it, the volume is just too high..

In my opinion, there are 3 possible scenarios.

1. Someone heard something and playing on the gray area.. dangerous game but possible.

2.One of the current big SH was fed up with the conduct and the dilutions and decided to build a counter position to JM and Mc In order to gain influence on management, In this scenario, I would bet on someone with an affinity for mining rather than an investment company, for example First Majestic who received their payment of 3m for the mill in papers and now it worth less than half .

3. Someone buys for JM so when he will decide to pull off the trigger of takeover It will be easy.

One thing for sure there is someone behind this and it is not that the market has suddenly woken up

Nero Loved the comparison and definitely gives hope the question is why Mc does not use the same strategy, publish the non-binding proposal, let's see if it creates interest, In the case of Cardinal, the initial offer reflected a premium of about 80% certainly impressive and unusual for an initial offer This of course, resulted creation of shareholder value and which led in the end a final sale at a premium of 68% on the final sp in the end of the process,

In the case of Condor, We didn't get the same transparency we know nothing and the market definitely doesn't trust MC so no one takes this non-binding offer as something serious, the result is a 50% drop,

precisely for these reasons it is important to have someone at the top with experience in acquisitions and mergers or at least experience in mining and definitely not the clown running it right now

Ccc "therefore his interest in CNR delivers a good outcome for him, it can only be good or reasonable outcome for the rest of us" no offense i'm starting to like your naivety, currently JM is about 5% away from the takeover point and he has enough 15p warrants to pull the trigger at any moment, so takeover can be the move in this case I'm not so sure about "good or reasonable outcome for the rest of us"

Ccc I agree with your statement regarding "JM business experience and thought process under ever increasing pressure" I just don't think your interests or mine are included in any of "JM business experience thought process under ever increasing pressure"

Here we go... you distilled in one sentence the problem of Condor Why is someone who is not a miner functioning as CEO of a mining company? Even if we assume it's the right move to sell, isn't good idea that the one in charge of the process would be someone with a reputation for mergers and acquisitions of mining assets. Is it too much to ask?

@justone I appreciate your opinion, but if Mc is not fair, why doesn't he take responsibility, resign and transfer the responsibility to someone with experience and expertise? everyone agrees that 15 years is enough time to draw conclusions , his performance and his strategy have failed in every parameter, the least he can do is to look at the eyes of his investors and say I disappointed you , I failed and I take responsibility, It should have happened a long time ago and it's a shame it didn't

@justone Let's assume your arguments are right, why isn't the SP sky-high? , for the same reasons you believe future buyer would agree to pay a 300 % premium can't we equally assume the market should react tha same , and if the market despite all the good reasons you mentioned are clearly not impressed,( probably mainly because of the jurisdiction) I prefer to be realistic and not assume that miraculously future buyer will.the past year proves this point, GLA

Very simple @electric I believe Condor has a great assets with poor management and management can be change any moment right now I'm taking a bath a so selling now won't make a big difference but my hope is that the shareholders or even JM will make the logical decision that base on their performance, the current management must go

unbelievable, 30 minutes of mc bull****ing about meeting with some chinese diplomat and people here are actually hallucinating about 50p 60p wake up, no one is going to pay a premium of 300% above current sp i wonder what people here smoke? would love to see a similar precedent anywhere in the world including tire 1 jurisdiction, forget about nicaragua the average premium has been paid for acquisitions in past years is 35% at best.

the sale of such assets is a bad idea, and even if it happens, and it will only take place after a "takeover"

otherwise, someone will lose and billionaires don't like to lose bottom line until condor's shareholders internalise what b2gold, hemco, calibre, and mako understand from the beginning, nicaragua is not a jurisdiction that creates value and no matter how good your reserves are, on the other hand, nicaragua is excellent place to generate cheap and stable cash flow, (if you are smart enough to get to production before insolvency ) and then leverage that strong flow to create value elsewhere , b2 did it at the time, calibre just a mount ago .

what about instead of burning cash by paying law firms and mc's travel to meet chinese diplomat , why we don't deserve a professional management with experience in latam to lead us asap for plan b in order to generate flow and increase it over time, everything else just pipe dream.

People here are excited as if the assets being SOLD,

Don't want to ruin the party but it's important to stick to the facts RNS with absolutely No NEWS There's nothing we didn't know other than vague wording about having "advanced talks" God knows what that even means

What we do know

A. JM has likely invested over £20M in CNR over the years however total value of his shares worth about 6.5M , A failed investment by all accounts , (and this is without calculating inflation, etc.)

B. JM must inject money to ensure sufficient financial runway apparently there is no other idiot who would do it so he has no choice

C. After the current dilution, he will hold over 25% so is getting very close to "takeover" point.

D. The one who is diluted is us,

E. If we continue to receive exciting news like "advanced talk" within a week, SP will Will crash again.

Conclusion JM just buying time to save his investment the only way he can do it is a low SP, takeover and sale of assets as a private company Today's news is just another step in that direction. And the joke as usual is on us, GLA

@Condor forever, Come on you just proofing my point, If I remember correctly, Mc in one of interviews stated that Condor has invested in 12 yrs close to 100m yet the current cap is less than 30M, LBH everywhere else for destroying a much less value the CEO would be already looking for a job at Starbucks surely the Board shouldn't approve any bonuses In return for such "incredible performance"... well.. condor is different... The question is way? JM has a clear interest to save MC'S ass and he probably has a good reason for it... He's not a billionaire because he's dumb, he's a billionaire because he's willing to leverages the money of people like some idiots here!