Member Info for condor_forever

Calibre buying B2 gold's assets shows that another company can extract/improve the value of that asset which is good in our eyes. B2 now retain 25% which is now worth $100m. Pretty sure they were paid $50m in shares by calibre and $50m cash.

Seingred, let's not forget that the B2 gold's assets were not 'loved' by B2 gold and they used these assets to build on their much bigger project in Africa. Remember la libertad was effectively heading to closure.

We are pretty much in the same gold belt as el limon who mine is only something like 20-30km away (from memory).

We also need to be reminded of the land package we have. El limon has produced over 3m Oz on a 300sqkm land package and they continue to find gold. We have a 600sqkm land package and we haven't even scratched the surface. 4-5m oz is likely very achievable here.

Https://www.goldforumamericas.com/company-session/3024/

Https://www.goldforumamericas.com/company-session/3024/

Think you watch for live for free, otherwise there is a cost.

It makes me think a sale is more likely that us going it alone.

Seingred, I sold out of calibre to buy a car. Did well out of it, sold around early May and was up roughly 50% at the time. Just good timing with that one tbh and I needed the money at the time. Not bought any since.

Https://www.kereport.com/2023/08/22/calibre-mining-q2-operations-reported-robust-free-cash-flow-a-third-consecutive-record-gold-production-quarter-a-133-increase-in-earnings-per-share-and-32-increase-in-cash-on-hand/

Around 14:40 ish Ryan king of calibre says they are really excited about the Buena vista concession which is adjacent to our land packages (from my understanding) and they will start drilling there this year.

This was posted 4 hours ago on the Mina la India Facebook page.

https://m.facebook.com/story.php?story_fbid=pfbid02f9NebazjHxqdceBvHVVZr88pxLAEZ8ayjayU69AkbzkU1dc6NnPaPrCxSD4ZeWThl&id=100041636509307

Unlikely to be any relevance at all but there is one picture of a condor gold employee (assume so as has the jacket on) with some prizes and one of those being a calibre mining mug. Most likely left over from other events that have been organised in the mining sector.

I really don't see why many are selling at this price and at this stage of the process. Surely a deal will be done by the end of this year.

Brromtree, it might be that a companies strategy or situation has changed over time which now makes it a suitable buyer. The more the merrier.

Https://youtu.be/AwWYxxbMiD4

Interesting comment at 7 minutes about how the cacao deposit could be developed. Luc English mentions that it could be processed at the mill or at another mill within the country.

Cegamer, I've had a similar experience to Nero. I guess it might depend on the type of question you ask.

BenBen, I think you've got confused with NDA's and NBO's.

Wishful thinking simm. The sp never matches up. There is a much bigger spread over in Canada as hardly any shares are traded over there.

Sorry, it's gone up from 2 non binding offers to 5.

Moved up from 3 to 5 non binding offers and currently have 8 NDA's with continued interest. Shame none have been converted to binding yet but shows interest and competition.

At least the gold price is looking good.

No-one knows how much we had left in the bank other than the BOD. If we were going to be sold quite soon, surely more warrants would be exercised. I hope some of this money goes towards the remainder of the SAG Mill or remaining land. Maybe there is some discussions/clause of an offer as long as x, y and z are sorted (100% mill and land paid for). Wishful thinking, it's probably just to keep the lights on lol.