Member Info for condor_forever

Some big chunky buys totalling around 600k and a 400k sell has just popped up from lunchtime.

The share price jumped when swen lorenz (of undervalued shares) released a research note on condor back in January. He's released an update on Wednesday about the recent fundraise. I'm not sure when he sent this to all his followers but likely linked to this.

Busy board today, just caught up. I'm in two minds. I kind of knew we'd need more cash to cover everything. I am surprised we still had £4m in the bank prior to this raise. We can do a lot with £8m.

I was expecting land to be purchased around June time. I am going to take this as a positive. No added warrants, only 7.9% dilution and in safe hands.

As the RNS says, this raise was conducted quickly and prompted by Jim. That makes me think we are close to signing a deal on a processing plant and Mark is finalising the deposit that needs to be paid to secure it. As I mentioned, Mark has stated his focus is on securing a plant. Once we have a plant secured, I think everything will fall into place. Mark can go to the government and get them involved with a CPO for the 5% of the land. I therefore think land purchase will be sooner in the next 6-8 weeks and then we can get financing sorted for the processing plant.

Good that it doesn't appear targeted at condor.

Mercedesman - totally different comparison, different jurisdictions.

This would be positive if this news is true. Let's seen if an rns lands in the next week or so. Not only does it aim to add more ounces but also shows we have funds at present available to drill. Would be interested to know how much drilling will happen and how much that we cost.

I can. Mark said land is a non-issue and it won't delay them. He mentioned his priority is to get his hands on a plant. In mark's eyes this is mor important that the last 5% of the land.

99, I'm pretty sure Mark would sell if he had a decent offer.

There is now a push from Mark to get hold of a processing plant which tells me our plan is to go it ourselves. A bid can still happen. Not sure how it would work if let's say we've put a 5-10% deposit down on a small processing plant and then we get a bid. The buyer of condor would likely want a much bigger processing plant and source their own. I guess that would all be taken into consideration with the buyout and the buyer would then decide whether to continue with the purchase of the plant or lose out on that deposit and go elsewhere. Would only be a small loss to them considering the potential of our deposit.

Nothing concrete yet otherwise mark would have released it to the market.

Source? Likely speculation until Mark has announced to the market.

Surely the price would be continually depressed?

Because it got massively ramped by loads of people who have then taken their profits. I feel sorry for the newer investors. No harm to those who got in sub 10p.

With such a quick bounce back, I wonder whether Ross beaty's recent sell off has finished and he isn't selling anymore for the time being. I could be totally wrong though.

On the other hand seingred, I've seen many aim companies release an rns to say something along the lines of 'here is an updated PowerPoint presentation for an upcoming investor meeting'. Surely that is a pointless rns.

Good to hear they were all exercised, shows confidence.

Glad they are all out the way for now. I must admit, I've been getting a bit bored of all these RNS's with the exercised warrants. Give us some decent news mark.

Doubt there is going to be a sharp rise that is sustainable. Did you not read the bit about commencement of operations within 3 years. That's a long time to wait.

Cheers cambells, good read. Not had chance to fully research the other companies to try and do some comparisons.

It goes to show how far we've progressed since we released our pfs all those years ago. We know that capex for that about of annual production is outdated now.

As I've said in the past few weeks, we need Mark to get hold of a processing plant and announce to the market with updated costs, initial capex, new npv and IRR. Hopefully then the market will start to listen.

Last trading day for the 90 odd thousand warrants at 31p. Let's see if they are exercised.

Considering it is a conference call regarding equinox, there will be no chance of Ross commenting on his position in condor.

Someone over on the advfn board has owned up to that 100,000 purchase at 45p.