Member Info for condor_forever

Embarrassing on Mark and Jim after 2 years to get this only offer.

Surrey, did you email MC? Any reply?

They will only sell the mill if calibre swoop in. It was just mentioned as easy collateral, that is all.

Remember there were 2 site visits recently, if one were metals, then there is someone else.

There has to be another offer surely by someone.

What maybe is interesting is that it is a 'paid' post, maybe to promote interest in the company/possibility of a bidding war. In case you missed it, but does talk about calibre a lot.

https://open.substack.com/pub/frisby/p/condor-gold-flies-at-last?utm_source=share&utm_medium=android&r=4p3vh

Mark replied to 2 of my emails this evening within minutes. I asked about any other interested parties at present and about 'competitive tension' but he replied saying he couldn't comment any further and to read the news releases.

The Board of Condor is pleased to note the announcement made earlier today by Metals Exploration plc clarifying the terms of a possible offer, which is set out in full below, and confirms that it continues to be in discussions with that company as announced earlier.

When it says 'continues to be in discussions with that company announced earlier'. Do they mean Metals Exploration or Calibre? It's not 100% obvious from the wording. Are most thinking they mean calibre?

Https://www.theflyingfrisby.com/p/condor-gold-flies-at-last

Anyone subscribe to his newsletter? If so, can you let us know that the next bit says. Hanging a carrot to get you to subscribe.

Decent start to the day!

What I find odd is that if this RNS is in response to the leak, they why do they need to mention calibre? They were mentioned in the leak. Makes me think these are the only 2 in the running otherwise why not mention all interested parties?

Competitive tension is what we need. Now let's hope for a bidding war!

No firm offer but confirmed NBO from MTL and calibre. They have until the 29th to put an offer on the table.

I've no idea what the offer will be or even if an offer is announced tomorrow or just a comment on the speculation.

Interesting is that the 2nd batch of the loan comes into play tomorrow.

If anyone offer is announced, then I do wonder if higher offers come in from other interested parties, particularly those that are already in country. Calibre have the money, mako have the backing from Wexford their largest shareholder. What's the stop them once they know this offer price. I'm sure both calibre and mako could easily offer an extra $20-30m if they really want it. They are both bigger than MTL.

True. It may just say they can't comment on the speculation.

Cheers. Yeah, not long to wait until tomorrow.

Sunjammer, have you emailed MC?

Interesting reading. Just been out so only got round to reading the posts. MTL released an RNS 1st Nov with some director changes and brought this guy on board.

Mr David Cather, previously Independent Non-Executive Chair of Metals Exploration, is currently the Chairman of the Company's subsidiary, which holds its interest in the Runruno mine, and has in excess of 40 years' experience in the mining industry. David has acted as CEO and COO of operating gold mining companies, and has held various roles with a London-based fund manager and at Anglo-American plc. He has participated in numerous acquisitions and IPOs of mining companies on various stock exchanges and has significant expertise in mine development.

Could he be the guy to develop la India?

Congratulations BMR. Hope all goes well! I'd potentially be up for a meet up if we hit it big time here.

Putting my money on next month BMR.

Slim, the RNS was announced 22nd November 2022 so we are already past 2 years.

That is a bold statement BigMan. Is that purely as it's the last working day of November?