Member Info for BenBen88

Electric you are right but still GDXJ 4% down vs - 11% of condor - 34% mako - 15% calibre (GP - 2.7%).

This looks like the beginning of a trend in the next few days we will know

Electric I'm investing mainly in TSX companies, however it is difficult to trade condor there because the marketability is extremely low I don't have any holdings in AIM except Condor.

About the SP, Condor calibre and Mako experiencing declines of 10-30% in the last month At the same time in the last month S&p of Metals and Mining is up for more than 10%

So yes it's true that we still don't see a total collapse like when the sanctions declared last year , but the market is definitely reacting to the situation in Nicaragua.

Once again with the obsession of de-ramping....

We are talking about facts it is not a "risk of nationalization" in fact , actual nationalizations have been carried out (In the agriculture and real estate sectors,) And guess what Ortega did nationalize the mining sector in '83. Why shouldn't he try again? His recent actions prove that he is aiming to return to the cheerful days of the 1980s so yes my dear , there is definitely room for concern.

And regards to your claim they will would wait for the mine to be profitable , Well, that's funny, you're basically saying that even Ortega wouldn't touch a condor in its current state, lol, I have to agree however the question is whether there is an idiot who will invest 300M just for someone to take it away once it becomes profitable.

Condor forever, I didn't say that person had anything to do with mining but in a jurisdiction where such a thing could happen from one day to the next, you have to be either very brave or very stupid to invest such a large sum, the purchase of B2 in 2019 was before any nationalization of any assets and for relatively small amount of 100M, so what are the chances of any company investing 3 times that amount knowing that assets can be nationalized without notice. Let's be reasonable.

In my opinion, Condor's story is over, the news from Nicaragua over the weekend pretty much finished the chance of complete the sale the government started by confiscating private sector assets and businesses , yes not a new practice but until now it has been done to political opponents now it reaches the private sector and the country's senior businessmen, I don't see a realistic chance , no one not even Chinese companies will invest in assets where there is no security in jurisdiction, certainly not a sum of 300M

which leaves us with the plan B, but how exactly will it be carried out? anyway Jim is very close to the point of takeover and further dilution does not seem possible, it looks bad. sucks

https://havanatimes.org/features/ortega-confiscates-assets-of-business-executive-piero-coen/

I certainly agree with Jim's statement "It is now the time for a larger company to take on the reins of our key assets AND OUR CEO" LOL

Simms45 Where does the information come from that Zijin are in the picture? Did Mark mention their names? Or it's speculation? if it's solid information that's great news, they're not kids, and they'll for sure try to take over Calibre, 500M market cap that's small money for these guys, And this will save them the need to build plants just for Condor.

The big rise started in In March because of Mc declarations of moving to phase 2 , we are now in a stage of decline, if we do not see something that will shuffle the cards, such as a binding proposal or, God forbid, US response (more sanctions) due to geopolitical actions such as the Iranian president's visit etc. I'm afraid we'll see this trend continues until we get back to the previous price of p15.

Nero120 Is that your way of saying "I'm so pleased because a failed CEO treated me nice and emailed me back"?

Mc is not allowed to give you any details about the sale such as names of "potential buyers" or "amounts" and I guess it didn't break the law either, the only thing he can do is calm you down and he probably does a good job of it, but you might as well drink beer, it's the same effect :)

Mc he's not allowed to say anything that hasn't been published to the general public, so it's a bit useless to email him, except for the psychological effect that everything is under control. Gla

It's hard to believe that a giant company like Zijin Mining would enter a relatively small project like Cnr, just for the sake of comparison, Buritica mine It's the largest mine by far in Colombia the average grade is 6.83, current production more than double Condor's future plans,But most importantly considering the problems Cnr has faced in the past with the local community and the headache zijin currently face overthere with with the local miners (just two weeks ago, a terrorist attack at the mine that killed 2 and injured several policemen) It would be very surprising if they embarked on such an adventure for such a small project.

Does anyone have any idea of how much Jim's investment really is to date, I guess out of 36M shares, many are exercise of warrants.

but I wonder how much is really in

Well we are talking about reality and facts not emotions, the last 16 years have proven LTH It's not the right strategy when it comes to Cnr, mainly because the strong side of Mc is not "meeting goals" "transparency" and "telling the truth" The opportunity is to understand the manipulations and see the market behavior then you can take advantage of it to buy and sell at appropriate times.

There's really not much choice for a company that has been operating for 16 years without generating cash flow, These events are intended exclusively for investors like us and therefore should be taken with a pinch of salt, whoever does not buy the project analyzes the data of the mine, regardless of the market cap of the company.

And that's exactly where Mc's problems come up, no wonder we don't see binding offer, in other words you can lie to some people all the time, you can lie to everyone some of the time, but you can't lie to everyone all the time.

The calm before the storm

Weird trades... It's not mms there's a buyer or a group behind it it's the same group in the last 3 days the spend 300-400k£ It begins to be significant amounts

maybe someone who knows something that we don't and plays with the rules, Otherwise what motivation?

Probably the same buyer from yesterday, same round numbers a few minutes apart,

Either someone who has heard something or second scenario No buyer JM plans the "plan b move" and trying to get close to the take over point when the SP is relatively low

Though hard to tell, the volume is still too low, in the next few days we will see if the trend continues

Note that 100k in round numbers were bought between 8:30 to 9:30

That's what caused the jump and it's probably the same buyer, maybe someone who knows something let's hope

This is not my intention, as a trader I sometimes win and sometimes lose, but you have to admit that there is some kind of extremism here when every criticism is immediately cataloged as deramping

Connect The truth is that I never understood that part about the loyalty of the LTH in CNR , it's almost feel like a religious thing, let's be honest in any other company a CEO who destroys value as Mc did don't stay long, certainly not 16 years, the reason is there probably a combination of hardcore of fanatical investors who are ready to accept every whim of the big daddy.

but hey this is also our opportunity so why complain?