Member Info for condor_forever

No idea. However, I wonder whether Randy Martin is selling? We know he has sold some shares. Could he be selling more? If so, he's got a lot to offload!

No he didn't. This was his bonus from last year.

Slim, info is in the first paragraph of the RNS dated 17th May. 3pm Friday 28th June at their office in Surrey.

Anyone going to the AGM at the end of June?

Surely the next one should be related to the sale broomtree!

This made me laugh. The worst pump I've ever seen, copy and pasting this post to 20 odd different share BBs all around the same time.

At 3g/t, 1million surplus capacity at la libertad works out about 100,000oz a year.

The question that needs to be asked is whether the government would let calibre buy condor with the view to not building a processing site. Mark keeps talking about a gold producers coming in to build and operate a mine. He talks about the foreign investment and talks about the jobs for the locals.

I just can't see calibre spending $100m capex to build a processing plant and I can't see the government allowing them to have it as another spoke.

Https://youtu.be/Gd-sKyp0nds?si=G_N3OZcMWVGt0IIV

Last 10 minutes mentions how calibre are 'laser' focused on delivering valentine at the moment and doesn't sound like they are interested in any other M&A at present. Valentine is costing a lot more than expected so all the money have have been raising is going towards that. They've also added a lot of shares recently so I don't think their shareholders will be pleased with further share dilution. I'm not convinced calibre are our front runners at present.

We all knew this was coming/expected. I would have been more concerned if these warrants weren't exercised. Should that be enough to see our the sales process? I'm fairly certain it will be.

Seingred, I read it differently. I read it as no bonus if under 40p, minimum of £500k over 40p. The annual report doesn't state the sliding scale but I remember seeing a sliding scale of percentages at certain shareprices a few years ago but wouldn't be able to dig it out as can't be bothered.

Taken from the 2023 annual report:

In the event of a sale, there is a bonus scheme, based on a long standing arrangement, whereby the CEO is due a bonus calculated on a

sliding scale ranging from a flat fee of £500,000 to 3% of the transaction value based upon the share price at sale, so long as such share

price is no lower than 40 pence.

Https://makominingcorp.com/news-media/press-releases/index.php?content_id=352

Mako are flying. They have a current market cap of £141m on a project currently producing 40,000oz a year! Think they have little to zero debt now after being in production for something like 4 years. Their AISC is currently just over $1000 per oz. There are plans to double production in Nicaragua but will likely be in 2026. They are currently in the process of acquiring goldsource for dirt cheap. They have a project in Guyana, small scale, aiming 66k oz a year over 15 years with a capex of $96m but then another $46m after 5 years.

If you look at those numbers and their market cap, I would be hoping for at least £150m here.

The tsx is closed today as it's a bank holiday over there. Those trades were from Friday. Ignore trading over there, really small numbers and always has been.

One thought is that it's hard to put a price on unproven ounces. It could be that whoever buys us buys only part of the asset and then we use some of that money to prove up the rest. The challenge though with this is that we'd be over a barrel as we could only sell those ounces to either the buyer or calibre for them to truck to their processing plant or we send it to the processing plant onsite for a %. I'm note entirely sure the BOD would want to do this due to time but I guess we'd have the money from the sale and could go gung-ho on drilling for the next 12-18 months whilst the plant is being constructed and then sell then. But then on the other hand, it might just be better for the acquirer just to take it all and pay that bit more to appease Jim. Time will tell.

Well said EL. Completely agree. Whereas Bankside on the other hand, what a pile of crap.

No wonder they needed the money, spiralling costs. Now a total of $CAD653m, an increase of $CAD145m compared to the last updated numbers Q3 2023.

Tbh Surrey, end of June is only 6 weeks away. What's another 6 weeks in the grand scheme of things lol. At least those who can turn up and attend can try and get some answers. I can't be bothered travelling all the way from Manchester to go to it.

The link is just a canadian site like this one. The post by the SEDAR bot on that link gives the details of the AGM date. So just a place for Canadian filings. The SEDAR website is a shocker, wonder if it was made by the same web designers that designed condors website lol.

Interesting that it's being held on the last working day in June on a Friday.

The previous 2 AGMs were mid May and within 2 days of each other.