Member Info for condor_forever

Looks like you'll get chance to buy in the 20s again seingred. I was hoping this recent rally was in relation to an rns about our infill drill results or a toll.

It looks like it is doing the exact same thing last time undervalued shares plugged us. Personally I for a potential 5-10% drop, I'm not willing to trade this in the off chance a toll gets announced and catches me off guard. I am willing to sit and wait for this to eventually come good.

Toll milling still talked about, obviously no agreement made yet regarding split of revenue.

Very good relationship with the cooperative. Cnr provide safety equipment, we check their shafts, provide first aid, supply safety ropes etc.

Mark came off a call with our cfo and an investment banker in Canada today. Finance package to be finalised once the fs is out.

Someone asked about an exit strategy. Mark clearly states the plan is to construct and operate. Reiterated that there are only half a dozen of projects of this size and this stage of development. With our low shareprice, I would rather stick this out than get an offer 40-50% premium to our shareprice.

I haven't access. It's by sven. Mark knows him personally. Looking back, sven released his last report around the 18th Jan and the share price went up 19% on the day from around 46p to 55p. Looking back, the share price steadily dropped back down to 46p after 3 weeks or so. Let's hope some news keeps up some interest in us.

Cheers DDD. I vaguely remember the last time he covered cnr, the share price rose 5-10%, so if that has circulated today, his followers of HNWI have probably ploughed in today.

A good talk about their acquisition of fiore gold.

https://m.youtube.com/watch?v=xjd2lVTakls

They look very cheap at the moment. Their shares have taken a beating, down to CAD 1.28. Might be worth a punt. 245,000 production next year.

Think it's the first time we've had more volume over on the tsx in one trading day. Could this be the bottom? I don't look at charts.

Also, the potential here for 5m oz is also important. Been a while since I looked a aaz, but from what I remember, they didn't have great reserves, higher aisc and the government owned a large % of the project (12% or so I think, could be wrong). We own 100% and have a 3% royalty.

Some good recent posts. If Mark thinks we are sat on a 5m oz District, we can easily toll 80,000 oz.

Seingred, my feeling was back in the day when MC said unlikely to need a fs for finance was because he was pursuing a toll deal which would have made it easier to get finance.

I too think construction is going to take longer than expected. I reckon we'll probably start building end H1 and then 12-18 months build.

With these timeframes, a toll deal is vital and MC needs to deliver this for the company and its shareholders.

Regarding finance, we will need to be 100% derisked, and that includes the land. So I suspect the land to be bought before financing.

I just pray a toll deal came be agreed early Q1 to see a jump in the shareprice prior to the construction fundraise.

Noel is God. I'm pretty sure he can fly as well.

Cheers Nero. Pretty chunky 440k share sell mid morning.

Interesting Mark talked about getting re-quotes on trucking costs, explosives etc for toll milling. Mark thinks a toll would be good for the company.

Mark reiterates importance of trying to keep share holder dilution as minimal as possible. Once the fs is out, it will be easier to get finance, whether that means a bigger %, who knows. Also reminds us we are likely sitting on a 5m oz deposit here.

Frustrating the shareprice is where it is.

They reported commercial production beginning of July but were processing ore prior to that and building up stockpiles in prep. They are only producing a small amount and blending waste rock, so G&A costs will be higher per oz as less oz to spread the costs.

Hum released an rns today. Production stopped due to protests at their mine.

Mako Q3 results.

https://makominingcorp.com/news/index.php?content_id=219

AISC over $1000 per ounce.

I haven't access/membership to his site. The link I provided doesn't give any names.

Came across this. Hard to know how much is true and how he has access to certain info he writes in particular to the 8 companies interested in us. His numbers are a little out regarding aisc but otherwise interesting.

https://twitter.com/DonDurrett/status/1462954809858813953?t=v7tN04_1jvxa5ttMAp1fuw&s=19

https://www.orezone.com/en/news/press-releases/orezone-announces-combined-us-182-million-financing-to-fully-fund-bombore-into-production/

Here is an example. They needed $182m financing, $51m was through equity which works out at 28%.

Mark talks about aiming to keep upfront capex to under $100m.

Nero, all I know is that Mark is still interested in doing a toll deal. Let's not forget Mark has just over 4m shares and wants the best possible deal, whether it be via a toll or not.

Some valid points Nero but they have done well this year compared to a lot of other miners. Even though they have dropped since June, they have done well. Zero capex and producing. Not a bad deal for them. What I don't understand is how can they do a deal where they get to keep 100% of their ore but we can't even agree any deal.