Member Info for condor_forever

Last comment was 99.6% of the land. It wouldn't delay a deal being announced as the next company would buy it, but considering negotiations for the last remaining pieces of land have been going on for ages, it would make sense that condor box it off so it's smoother for the next company rather than start from scratch negotiating with a new conpany.

Let's not forget that the POG has risen $850/Oz since we announced the sale.

Just seen a post over on advfn by book 5. If that is true, then that really strengthens the argument that we are very close to a deal being announced.

Hi CM.

Tbh, I have to be selective in what I email as I know there is an not so much he can say.

I'll reiterate what has been said on here. There will be a period of when the deal is announced to when the money comes in. Fees will then come out of the sale of the assets or company.

As stated, there is a bonus for Mark should we get 40p or higher along with other fees which I would only be guessing and I still think there is a bit left to pay on the SAG mill to first majestic who will get that money once the assets or company is sold.

I held Calibre shares in my HL ISA. I had to fill a simple online form for tax purposes from memory. No issues buying or selling them. I sold to put towards a car otherwise I would have kept hold of them.

Sunjammer, that FB page is not run by the BOD.

Let's hope we hear of an offer before the end of the year. We just passed the 2 year mark on Friday since we announced the sale of the assets. Surely we can't let this drag on into next year can we....

Middle of May was the last time we were in the 30s!!!! Oh how I miss those

Under 50 percent.

Carrying on from my last post, I'd be thinking

I'm not so sure. From video's I've listened to, a lot of mining companies are still being very conservative on gold prices, particularly calibre. Technically we'd need to formally apply for the underground permits (which MC has said is pretty much a done deal as we have the permits to open pit on top of the underground), but need to bear that in mind when using the PEA numbers from the biggest scenario. I'm being conservative and would using roughly the $2,200 120,000oz NPV number, which is around $500m. What % of that is anyone's guess, but I'd be thinking

I think a lot are overcomplicating the mention of the SAG mill in the RNS. I see it purely as the fact it is a physical asset so can be easily used a collateral against the loan.

Mako don't need the mill. They currently fully utilise their 500tpd mill. They have expansion plans to only go to 1000tpd but they need to do more drilling before they double capacity. Cost wise, Akiba said in the past it would only cost them $4m to expand to get to 1000tpd. Our SAG mill will be too big for them. Their Guyana project is over 3 years until it'll be ready so they won't be needing our mill.

Tomara, they can issue shares. Any offer needs to have approval by shareholders, so there will be a time frame for a higher bidder. Look at the situation I mentioned several days ago when Dundee were outbid by the Chinese. They offered a better deal.

Https://ceo.ca/mko

Akiba, CEO of Mako is quite vocal over on this BB. Have a read of his last post around 5 hours ago.

Mako would have to issue paper to buy us though. They did a share consolidation earlier this year.

Https://x.com/AkibaLeisman/status/1854163991779541413?t=k8LYa1DJIwQ_sqOXQtdjig&s=19

Https://www.kereport.com/2024/11/20/mako-mining-q3-financials-review-at-san-albino-exploration-update-key-development-work-at-eagle-mountain-and-potential-acquisition/

Listen to the last few minutes, Akiba talks about an acquisition that they are close to pull the trigger on. He does talk about the US and I've a stronger hunch it will be a small company in the US. However he also talks about acquiring in countries that they already operate in which is Nicaragua and Guyana.

Has sharetrader123 filled their boots....😜

Https://ceo.ca/@newswire/orla-mining-announces-strategic-expansion-into-canada

$810m acquisition. Already a producing mine in Canada producing 200,000oz a year just under $1300oz AISC. It has produced 6m Oz over the mine life but only has 1.5m reserves and a current mine life of 7 years but on a bog land package.

Interesting they paid over the 5% NPV using $2150 gold. Obviously different kettle of fish given it's already producing and is in Ontario, but interesting they paid that amount for it. Our 5% NPV on our biggest PEA of 150,000oz per annum gives over $750m. I know we won't be anywhere near that but is interesting none the less.

Same here. Just emailed his yesterday and got replies within 20 mins.

Polo, the RNS states the loan is for general working expenses, not for repaying the SAG mill costs.

From memory, there was a little left to pay on the SAG mill. From what I remember, it was $500k but that was a good few years ago, it could be less than that now.

It would make sense for the remaining costs of the SAG mill to be paid when the company/asset is sold.

Remember as well, none of the interested parties know what the other bids are until they are announced. It could be that let's say someone other than calibre put a bid on the table that we are willing to accept, it'll be announced to the market.

It would then be up to the others to decide whether it is worth X amount more to them and particularly calibre given their position in Nic. You could then see someone putting in say an extra $15-30m to outbid the others. The example about shows a much larger increase from the first offer by Dundee.