Member Info for condor_forever

DDD, the combined market cap would be less, think you've forgot to take away the cash element of the deal. If my calculations are correct, MTL are paying around £47m by issuing new shares.

DDD, I just can't see calibre buying out MTL. If they wanted our project that badly, they would have put a higher offer in. Now we are financed for the build, then calibre would have to pay a hefty sum.

Regarding the toll milling, again, I wouldn't want MTL to be giving gold away to calibre given we can fully fund the build. Doesn't make any sense. I can't see calibre letting us use their mill for pittance.

I'm a bit more conservative and would be happy with 8-10p.

Broomtree, the US sanctions have had no impact on non-government producers in country.

Https://ceo.ca/cog

Does that link work? If so, click on the link dated 30th Dec.

Https://ceo.ca/content/sedar/COG-2024-12-30-management-information-circular-english-fa3f.pdf

Page 99 discusses mark's bonus.

Https://www.condorgold.com/news/scheme-document

This just lists the timeline of events and just states general meeting at 10:15am following the court hearing. Don't know anymore sorry and I won't be attending.

14. Condor Gold’s fees and expenses The aggregate fees and expenses expected to be incurred by Condor Gold in connection with the Acquisition are approximately £1,397,000 (excluding applicable VAT and disbursements save where otherwise stated). The following are estimates expected to comprise the aggregate figure: (a) (b) (c) (d) (e) (f) Financial and corporate broking advice Legal advice Accounting advice Public relations advice Other professional services Other costs and expenses 15. MTL’s fees and expenses £590,000 £675,000 £22,000 £Nil £90,000 £20,000 The aggregate fees and expenses expected to be incurred by MTL in connection with the Acquisition are approximately £1,434,000 (excluding applicable VAT and disbursements save where otherwise stated). The following are estimates expected to comprise the aggregate figure: (a) (b) (c) (d) (e) (f) Financial and corporate broking advice Legal advice Accounting advice Public relations advice Other professional services Other costs and expenses £525,000 £800,000 £Nil £Nil £59,000 £50,000

Sorry, doesn't paste well but our fees were not much different to metals fees with the deal.

Happy new year all. Is anyone on here going to go to the general meeting on Monday at 10:15am?

Gold-miner, he meant revenue for the last quarter. Most of that (if not all) will go towards the cash component of the condor deal.

BMR, this looks like the best and only offer on the table. Too late now for calibre to put an offer in. See below taken from the RNS:

In accordance with Rule 2.6(a) of the Code, Calibre and Metals are required, by no later than 5.00 p.m. on 29 December 2024, being 28 days after the date of this announcement, to either announce a firm intention to make an offer for Condor in accordance with Rule 2.7 of the Code or announce that it does not intend to make an offer, in which case the announcement will be treated as a statement to which Rule 2.8 of the Code applies. This deadline may be extended with the consent of the Panel on Takeovers and Mergers (the "Panel") in accordance with Rule 2.6(c) of the Code.

Broomtree, that's the only glimmer that they are still under an NDA. MC also confirmed condor are still under a confidentiality agreement with calibre. Not sure the process of coming out of an NDA with a company. Obviously no cost associated with being under an NDA/CA so no harm staying under it until the very end but still not sure on how much weight I would give to that. We shall see.

El, I'm just a lowly shareholder. I used to own calibre shares, not a massive amount but I did ok out of them and sold them last year to put towards a car. Early 2023 I emailed calibre and Ryan replied. I dug out his email and emailed him end of last week and replied and was happy to chat. A bit of toing and froing due to time difference but managed to have a chat. It was short as it was in-between his meetings and late at night over here.

Seingred, Ryan said they were still under an NDA with condor. He couldn't give a price, he said they had a number (x) and could have gone 20 over, assuming $20m. I find it odd after all this time that they didn't go to that x plus 20.

Not sure I believe this, but Ryan said it would have cost them $25-50m to get the site ready to become a spoke. Not sure it would really cost that much, pretty sure there is already road access etc. Once the deal goes through and they are no longer under an NDA, maybe I'll message MC, just out of curiosity.

Surrey, I had a quick chat with Ryan King from calibre last night.

Hard to fully explain over here but doesn't sound hopeful on them coming back to the table with an offer.

Been thinking this as well Surrey. I could try asking HL. I would assume you will still have the CVRs but don't take my word for it. You could ask your broker.

I'm planning on keeping my MTL shares for a good few years, I have faith the new management will show some of the true value in this asset.

I only currently have 300,000 condor gold shares, but I could be mortgage free come 2027 if I sell them so I'll decide then whether to sell and enjoy being mortgage free or hang on.

Reply from Hargreaves Lansdown. I hold all my condor gold shares in my ISA.

Thank you for your message.

Should the takeover be approved, the CVRs would be credited to your Stocks and Shares ISA as this is where your shares are currently held. However, under HMRC rules CVRs are not eligible to stay within an ISA, therefore we would automatically remove these and place them into a Fund & Share Account within 30 days of receipt of these. As such, should the milestones of the CVRs be met, any proceeds would be credited to a Fund & Share Account.

I hope this has been of assistance. Should you have any further queries, please do not hesitate to get back in touch.

Kind regards

Corporate Actions Team

Hargreaves Lansdown

Https://youtu.be/rA0ztgVE30A?si=2ZlY3kDdc-G1lA2l

Condor deal discussed around 28 mins.

LMA, unfortunately at the time, we weren't seeing any improvement in the share price with drill results so the BOD decided to go towards a BFS with what they had. Unfortunately our BOD dragged their feet for far too long, there were other situations out of our control as well which will take too long to explain. Hindsight is a wonderful thing, but I would have preferred they did more drilling to prove up over 3m Oz and make it more attractive to bidders.

From this morning:

https://m.youtube.com/watch?v=en8ZJ3NeRac&pp=ygUSbWV0YWxzIGV4cGxvcmF0aW9u