Member Info for Chilliboots

despite mr 88 being very negative on condor and mtl for over 3 years his opinion should not be outright dismissed imo. he was correct about condor getting a **** price for their asset when many of our fellow board members were dismissive about his thoughts back in 2022-23.

in fact he was well ahead of time suggesting some of the old condor board members were useless. something every condorian would loudly agree with now.

i would like to ask bb88 if he resides in nicaragua today?

No need to catch the falling knife here. It’s a massive sh*tshow that could continue to spiral out of control.

"you missed having shares in a company with no assets by a hair's breadth."

Come on. This is disingenuous tripe.

I agree but lots of people panic in the short term and sell their best positions

with the loss of dupax, 50p or "pennies to pounds" isn't happening unless something falls into our lap like condor did.

nevertheless we are back at the 200day average where i last added in november and i am looking to add more this morning. unless the board are hiding something i believe this is general market weakness. if the situation in the middle east doesn't partially resolve itself soon all equities will **** the bed anyway.

Oh will you pair pack it in. Embarrassing

The fact of the matter is we aren't getting enough of the shiny stuff out of the ground relative to peers at this price. Your money is safer in massive multi mine companies with huge optionality and the AISC doesn't matter as the price is unprecedented.

The inside edge we had was declining before and with the loss of dupax it's gone completely for a good few months. They need to prove up some of this optionality sooner rather than later or we'll just hover below 16p until we start pouring. Fine for some, not for others.

That can’t be right, surely.

Mcap is 428m. For a company that MIGHT produce 113k next year if everything goes to plan. Compared with other small London listed companies we aren’t really that cheap. The whole sector is lagging but I’m sure it will change this year when the numbers start coming out.

Thor ~ 550m for 80koz. Possible extension soon.

Altyn ~350m for 55koz for many years, possibly 100koz in a few years

Serabi 280m for 55koz.

Caledonia 400m for 80koz. Building mine for 200koz in 2028.

Https://www.laprensani.com/2026/03/04/english/3643264-trump-ally-richard-grenell-blasts-ortega-regimes-takeover-of-american-mining-firm

Seingreds link from another thread I thought deserved more attention

It’s somewhat concerning

More chance in the next decade of somebody just breaking into your house and nicking your gold than there is of such apocalyptic situations. Either that or we get dementia and start posting the gold coins through peoples letterboxes at night. Nothing without risk

If it’s “pennies to pounds” it doesn’t really matter if you buy in at 16p or 20p.

20p and electric ready to go could be a better buy than 16p and no electric.

Here we go again. Pedro acted like a complete child to anybody who trimmed their shares last year.

Then suddenly one day he flipped, sold his own lot and started calling everyone else blinkered for not selling.

Was told multiple times this was why the response was so negative, rather than the selling of shares. Clearly still hasn't learnt anything.

You’d consider yourself quite unfortunate/stupid to make one single silver purchase in your entire life and you happen to tick the generational top. A very dishonest comparison.

A fairer way would be to compare the outcomes if you bought X amount of silver every year and see where that gets you.

I thought they were in gas exploration in the states. Bought a tiny scrap 6 months ago when Drachs did but never did any further research. If the shares break out to new highs I’ll have to change that

Major, where do you see the POG going after the bubble pops?

LMA I haven’t got time this morning to go back to the interview but I can quickly find a post from Leehardcastle from October:

“Dupax reserves are the catalyst that is required to send us to the next level, Darren already knows the grades are high, he just needs confirmation they are as large as he suspects, hence why he’s already stated 3 times current output of Runruno is possible, (3 x 70k) 210k ounce per annum.

Put those together and you have circa 350k to 400k ounces per annum at $2700 profit per ounce at current gold pricing…..$940 million to $1080 million FCF per annum.

£1 a share price is only around 4 x annual FCF.

It’s not a dream in my mind, it’s just maths, pennies to pounds IMHO”

Now Lee or Darren may be wrong about the exact figures but he isn’t usually and when somebody who has built up trust like DB has says things like that, investors listen.

I think it’s fine to be delighted with progression at La India and also be bitterly disappointed with potential 200k Oz a year from Dupax slipping away. I think it’s odd so many long term holders are so blasé about it.

Coupled with likely similar issues at Abra and within a few months the whole company map has changed and now requires new purchases to back on the same track. That’s quite a lot for people to digest.

Agree with ElectricLion.

I’m really quite unsure about what the market has priced in here. I thought the Dupax news would hammer us but it appears to be already at just about rock bottom. Proving up additional Oz at La India would be the cheapest and fastest way to increasing the SP in the short term. DB is adamant we won’t dilute but I doubt many long term holders would be bothered by a good cash raise from 25p.

I too am concerned of becoming emotionally invested here. With gold at these levels I wonder do I really need to be playing cute and finding hidden gems with as many moving parts. It requires a lot of patience, especially with so many companies making a fortune today and not in 11+ months time. (Which was 9 months time)

Blaming the protests is a somewhat convenient excuse and keeps reputation in tact. Darren implied multiple times the geology was very different to the initial drill holes suggest. You could almost hear the thud under the table from his excitement about it in one of these interviews last year.

It’s quite a large misstep in the short-mid term plan. Luckily it doesn’t appear to have been priced in at all.

Reporting somebody because you asked a stupid question that makes no sense and they didn’t understand is an interesting tactic.