Member Info for condor_forever

Personally I think the project is too small for a 50/50.

Valid point Sakura. The way I see it is that more interest/competition the better. We don't know how advanced the negotiations are and given there has been no confirmed bid/announcement to the market, then I say the more the merrier. It may force the hand knowing that there is more interest/POG rise. Have to stay patient and remind ourselves that the BOD have the interests of ALL shareholders.

Mark has been at PMS this week. I looked on the website but couldn't see condor presenting. I emailed Mark and he replied saying that he has been really busy there with 1:1 meetings.

He'll be presenting at Denver next week.

Surrey, there are theories that these small share trades of single digits are MM signals.

Interesting they took out the slide explaining the sales process and interest so far which was in the last presentation around May 2024.

You'd think they'd want to promote that to show there are interested parties.

Ignore the spelling mistake, should have been uranium.

Just saw another M&A in uramian for 153% premium.

Https://www.juniorminingnetwork.com/junior-miner-news/press-releases/481-tsx-venture/amk/166712-cunningham-mining-to-acquire-american-creek-resources.html

This is a good one. A 274% premium!!!! Valued at $207m

There is hope!!!!!!

Ilka, we've been through this a lot on this BB. I say leave it to the BOD to negotiate the cost of the sale. Not sure how they got the number $477m from. There are loads of scenarios on the presentations on their website of different gold price and different annual production.

Https://ukinvestormagazine.co.uk/condor-gold-the-sell-off-of-its-la-india-gold-project-in-nicaragua-is-getting-very-close-and-aided-by-soaring-gold-price/

Nothing we don't already know.

Https://ceo.ca/@newsfile/pasofino-provides-update-on-strategic-review-process

Https://www.condorgold.com/investors/analyst-research

You do need to register to access it but it's free to register and straightforward.

Happy bank holiday reading.

Sakura, I've no idea but I'd be annoyed if we haven't had a formal offer announced to the market by the end of the year.

Our share price is pretty much as it was at the start of this year. The gold price has risen $400 since then.

Yes, I know we are not in production, but other explorers have seen a rose in their share price.

E.g Rio2, similar position but they are looking to fund their own project. The only thing they have announced this year is a fundraise of C$23m. Since the start of the year, their share price has risen 50%.

We are lagging behind everyone else. Some may say bigger room for a rise but I would much rather be at circa 34p now as another 50% from there would be much easier to achieve.

Unlikely with less than 30 trades! We know there is a site visit from a new interested party towards the end of this month so it's unlikely that the company is going to be sold before then.

Surrey, my understanding is that this upcoming site visit is from another interested party and not the same group that are already in advanced negotiations.

Who knows Slim. All I know is that the more interest, the more likelihood of a bidding war.

Surrey, I emailed him and he replied.

Mark is heading back to nic at the end of August for 2 weeks and there is another group doing a site visit whilst he is over there.

Https://www.bnnbloomberg.ca/investing/2024/08/12/gold-fields-buys-canadas-osisko-in-16-billion-takeover/

66% premium when compared to the share price on Friday last week.

Still sitting and waiting and trying to pass the time with trying to estimate the sale price/share price.

I'm guessing somewhere between 45-60p. The lowest end comparison is rio2 who are going through construction/project financing at present, bigger resource but lower grade and similar capex aiming 82,000 per annum but also expansion opportunities with further drilling. Higher end comparison is with mako, currently 48,000oz and just merged/bought gold source with the scope to add 66,000oz but needs permits still and $148m USD capex. Mako could double their production but need further drilling to prove this up.