Member Info for condor_forever

Andrew Cheatle. I wonder if he has done anything so far!!!!!

My only concern is where will the shareprice be at the time of the final fundraise and what % debt to equity to gold loans it will be. Raising at 40p will be rubbish. Is Ross seeing more? How long will it take for him to get rid if he is. All ifs and buts, never a great timing.

Slim, as EL said, we own all the land for the location of the processing plant. We just need to get 5% of the surface rights on the main pit.

RB surely wanted to go straight for 120,000 oz a year and ramp up to 150,000-170,000 within a year or so.

Rr, mark's priority is to secure a processing plant. We know he is under a CA at the moment. Let's just wait until the contract is signed and sealed. Things will fall into place after this in my eyes.

Land is a non-issue. I haven't any spare funds but hope to have some money come the beginning of April. I hope to invest more when news comes out about a deposit on a processing plant. That will tell the market that we are going ahead and will give more concrete plans etc.

As Mark said in his talk on Thursday, there is excitement in the ground and everything feels like it is falling into place.

I am really keen to know about the processing plant, it's cost and capacity and what capacity we'll be using initially. The difficulty coming to the market with milestones etc at this moment in time is challenging as we haven't secured a processing plant yet. Once we secure a plant and have an idea on when it'll arrive onsite, then mark will be able to annijce to the market our plan, better timescales, a finance package and then this should hopefully coincide with the project being shovel ready. At that point, Mark can go to the government and say 'look, we are ready to go, go and sort out the cpo and we can get cracking on with our mine and jobs for hundreds of Nicaraguan people'.

Rr, Mark is not letting the land issue delay our studies and advancement ready for construction. I assume we'll be shovel ready for the summer. I would envisage a deal to be done on the land by this point.

Mark has talked about putting a deposit down for a processing plant. That to me tells me we had the money to put a deposit down.

That one fell through erdles. He commented on how trying to purchase 2nd hand plant from a certain seller was difficult. I can't quite remember his exact words, but something along the lines of them not sticking to their word etc.

Cambells, I see that as a delay. We were granted the environmental permit in 2018! We have already asked for a extension to complete all the studies for the environmental permit which was granted by the government and I'm pretty sure this extension expires in July this year. It should not take us all year to get this project shovel ready, if its does, I see this as a delay. We've had all last year as well to get studies done.

Regarding the land, there is talk that the cooperative would rather come to a deal before the elections later this year, not sure how true that is but it would make sense. The community is on our side, the government is on our side. I would be very surprised if we haven't all the land by summer.

The problem with that cambells is that it'll then take another 12 months to construct and start mining our gold. We can't delay any longer. We need to fast track this ASAP. Delaying for proving up more gold is pointless in my eyes. We are past that point now.

Awax, trust me I would love Mark to announce to the market that a deposit has been placed on a plant but I'm not so sure it will be that quick. He's been trying to secure a processing plant for probably 6 months or so now, so im5not holding my breath.

Although the shareprice might drift, I do think we'll have a good amount of news flow coming our way.

At least once Mark has secured a plant, he can come to the market with updated numbers, IRR etc which will be much better and attractive to new investors and hopefully institutional investors.

Regarding finance, does anyone have any thoughts when this will be raised? My thoughts is that we will need to have 100% of the surface rights before we get finance and obviously need to be shovel ready. With the tsf studies aiming to be finalised by June, then I would expect/hope we'll be shovel ready by then, so financing end of H1 and start construction shortly after. Do people think we'd get a finance deal without all the land? Technically we could have enough profit from the gold we can get access to to payback the loan deal within a year of producing.

Ah, yes, my mistake.

https://masterinvestor.co.uk/equities/condor-gold-much-closer-to-production/

Haven't time to comment at present. John got his numbers wrong on our current market cap, but I'll let him off. Lots of ifs at present.

ICB888 - I think you are mistaken regarding the current drill program. Firstly, from the rns, it is an infill drill program, reducing the spaces between the existing drill holes to improve our confidence ahead of production and to put these numbers into our mining schedule.

Secondly, if you look at one of the slides onn the presentation,ark states he will need to do around 20,000m of drilling to increase the resource by 900,000oz. We are only doing 4000m.

Are you being serious?

I think we are heading in the right direction. Agree, might be a bumpy ride over the next 3-4 months. I really want news on the processing plant. At least then we'll have a better understanding of the IRR etc which mark can announce to the market.

Frenchie, as it says, these are the one's that haven't been drilled yet but are on the list to be done.

I fully trust MC to do the right thing. I've heard him mention about friends who have invested into the company and he said roughly 10 of those have around 1% positions. He's running the company as best as he can for himself and his investors. Let's not forget Mark owns around 3.5% of the company. He doesn't pay himself an outrageous salary for what he does. Hats off to the man!