Member Info for condor_forever

Nero, my main concern is the timing. It appears timing has never been great for condor. Putting the asset up for sale when our sp is near it's lowest and when the sentiment for precious metals isn't great is not ideal. Couple that with the potential of an upcoming bull run in gold over the next roughly 8 years means we'll miss out on those gains.

https://youtu.be/0cH4lmnH-Hk

Uploaded 3 days ago but think it must have been recorded the week prior as no confirmation of the Tuesday RNS but mentioned latest interim results.

Mark emphasises Jim's background and mentions about getting the best for ALL shareholders. None of this crap being sprouted over on advfn.

Not sure what to think of this news. I understand that we haven't got the experience but at the same time we could have paid someone else to run the epcm contract.

If it was such a great project, why not go it alone. If it was that great, why wouldn't Jim stump up the cash to finance the build? Other companies have managed to strike a deal of 85:15 debt to equity in worse situations than we are in.

They have spent circa £36m on the project so far.

At what price though....

Not too sure about that valuation Barnard. Calibre are valued at £210m. They have no debt and $66m usd in cash. They are producing 220k oz AISC around $1250. We would obviously have x amount of debt payback.

We still have $300,000 usd to pay for the SAG Mill and £540k in cash at the end of September.

The rally may be due to the rise in pog rather than bouncing back from the drop due to the market over reaction from the sanctions.

This was from 2 years ago!

Nice example aeris. Wyloo already owned 37% of noront prior to takeover. You often see better premiums when the acquirer already has a large stake in the acquiree.

https://www.mining-technology.com/news/wyloo-takeover-noront-bhp/

https://www.juniorminingnetwork.com/junior-miner-news/press-releases/888-tsx/paas/130621-pan-american-and-agnico-eagle-deliver-definitive-binding-offer-to-acquire-yamana.html

Yamana bought out 23% premium.

Most I've seen is a 30-35% premium.

The challenge is, with the sp in the dumps, now is the worst time to be announcing something to the market.

No point trying to sell the company, will probably struggle to get more than 30-35p at present. Raising money at these prices would be horrendous. Looks like calibre doesn't want to toll mill.

Only positive is if Jim wants to finance the build and give condor a big massive loan of $100m. What are the actual chances of that?

https://anchor.fm/mining-stock-daily/episodes/Calibre-Minings-Ryan-King-Comments-on-the-Market-Reaction-following-New-US-Sanctions-in-Nicaragua-e1qd14r

Another detailed discussion from calibre regarding the sanctions.

Appreciate the post. What else did you see on your visit? Did you see where the land clearing was and has that progressed in any way, any earth work/digging done yet or just land clearing?

Q3 results and conference call. It's worth a listen. Just have to put some details in but you don't get any spam etc.

https://www.calibremining.com/investors/events/q2-2022-financial-results-and-conference-call-details-nov-2022/

Seingred, calibre have spent a bit of their cash recently so have about $66m cash at the end of Sept.

Equinox jumped 18% yesterday. They gave their Q3 results, AISC ridiculously high. 3x the value on calibre, around $500m debt and based in their AISC and current gold price, calibre is actually more profitable!

Don't get me wrong simms, that would probably be the best thing possible here, but I just can't see it happening.

https://podcasts.apple.com/us/podcast/comments-on-nicaraguan-sanctions-from-tim-coughlin/id1418050443?i=1000584008508

Tim, CEO of Royal Road who are exploring in Nicaragua spoke on a podcast. His line is pretty rubbish but worth a listen. He mentions at the end about the EUs view on it.

https://www.calibremining.com/news/calibre-receives-environmental-approval-for-develo-4796/

Permit approved for their Eastern borosi project and mention of a 2 year contract for clean energy with CEPAM. I remember Mark talking about clean energy a while back as well.

Just been put on sedar.