Member Info for condor_forever

I did a screenshot on the 21st December before the shares were updated. Mark had the exact number of shares then as he does now based on the information in the website. Oracle have added 1 million shares and kept their % similar at 3.8%.

I don't think Mark bought any.

Could these options be a reason we are going for an assest sale rather than selling the company? I.e the get the money, keep a % to wait for the warrants to become available and then the warrant holder converting the warrant? Does Jim's new warrants at 15p have an exercise date like the others?

No worries Seingred. Yeah, most other money is in funds and more boring stuff. Never been interested in crypto stuff. In some gold and silver producers but main interest is here.

Roughly what time in the podcast does he mention CNR? Tried skipping through bits as he covers loads and short on time to listen to it all.

Unfortunately not Seingred. Average is way north of that. I read but don't post over on the advfn boards, prefer it over here.

Seingred, I doubt the BOD will sell if the price isn't right. I would hazard a guess at either a merger or maybe relook at financing if sentiment is stronger with the strong gold price/time to let the news of sanctions blow over.

The issue with a merger is that we would need the sp to rise prior to merging and other than the gold price/market sentiment, there won't be any company specific news to really drive the sp prior to a merger.

https://youtu.be/A8nP_tHlMe4

Update from calibre. They discuss the sanctions again around 17-18 minutes and how it has no impact on their operations.

No update. Mark keeping cards close to his chest atm.

https://www.calibremining.com/news/calibre-delivers-record-full-year-2022-gold-produc-4890/

Calibre up nearly 10% and gold looking strong. Calibre hit 222k oz last year and 2023 guidance 250-275k oz. Mako slowly climbing up from the lows off the sanction news.

Taken from calibre's MD&A Q3 2022:

On June 28, 2022, Rio Tinto Exploration (“RTX”) terminated the Strategic Alliance Agreement dated as of February
23, 2020 between RTX and Calibre. RTX also terminated the Option Agreement dated as of February 23, 2020
between RTX and Calibre, CXB Nicaragua S.A., and Calibre Mining Nicaragua S.A.
RTX has an internal prioritisation process which weighs both technical results and operational risk to ensure their
exploration funds are directed to the best portfolio opportunities. Following the Nicaraguan exploration program
conducted from 2020-2022, the Nicaragua portfolio of projects associated with Calibre did not achieve sufficient
priority within RTX’s global copper portfolio to support their continuation. Consequently, the decision was made by
RTX to exit the projects and commercial agreements with the Company. RTX will work closely to transition all data
and information to Calibre to allow the Company to continue the work in the area as the sole operator.

In all fairness, we were too small for the likes of Rio anyway. Guess they could have bought us and calibre out if they did have a presence in Nic.

Then take the likes of jaguar mining. Been producing for a while, £140m mcap, produced 83000oz last year with AISC $1350. At $1800 gold, gives $37m profit per year. We would double that profit in year 1. They do have $30m in the bank and low debt and a 5-6% dividend.

https://www.caledoniamining.com/operations/bilboes/

Some more info in the links at the bottom. $323m post tax NPV at 10%. $250m upfront capex but mention of $100m smaller capex and start at 60,000oz and ramp up. Sold for $65m in shares. They haven't an FS yet but PFS shows 168,000oz over 10 years with AISC $850 ish. Doesn't really bode well this being bought for $65m given the numbers.

Simms, challenge with calibre is that they have enough organic growth and they have about 1m tpa spare capacity at present. Pretty sure their Eastern borosi project will be good to go the 1st half of this year.

Their directors keep buying at the moment so I wonder whether that means they are not in discussions as that would be classed as insider trading.

I mean, come on, who is selling at these low prices!!!!

Thinking back at all the share price predictions this time last year, none of us predicted being at 15p after the release of the BFS.

Yes, the sanctions weren't a great timing, but we should have had the financing done and dusted before these were announced. All this talk about organising financing in parallel with the final stages of the BFS. Then all the extra time trying to get the capex as low as possible to then not even build it ourselves.

We should have signed contracts for the financing with confirmation/release of funds once the BFS was released. Other companies in worse situations had done this, why didn't we?

I am really disappointed in where the share price is and the poor decisions made that has got us here.

Ah, yes. Cheers cambells.

http://www.condorgold.com/investors/share-info

Anyone able to explain why we have 16,666,666 warrants at 15p. I thought JM had 6,666,666 for 1:1 warrants but what about these extra 10m?

Merry Christmas connect and to all. Have a good festive period.

Slim, any mention of this yesterday?