Member Info for condor_forever

I'm not convinced but Ryan King from equinox talks about possible divesting one of their producing mines, which is basically either their Nicaragua assets or their Brazil assets. He always talks about their Nicaragua assets around 43 mins and then the last 5 mins or so about possible divesting. Wouldn't it be amazing if MTL got hold of their Nic assets. Wouldn't be cheap of course but would be very accretive to someone like MTL.

https://www.youtube.com/watch?v=qjdMY3oyR5I

Lee, you've totally missed their merger that happened in August and the impact that has on their annual production going forwards.

Surrey, look at alkane resources for example. 3 smaller producing mines in Australia and Sweden and a massive copper gold project waiting to be further derisked and built.

Surrey, I would love to see that. I'm not as optimistic as you are. All could change with dupax and a rising gold price of course.

I've been doing some back of the cigarette packet calculations over the weekend of similar small producers of circa 150-250,000 Oz per year and I think we could see a 50-100% rise here over the next 12-18 months.

Same here, but they haven't been 'triggered' yet. Once triggered, they'll move them out.

Reply from Hargreaves Lansdown back in Dec:

Should the takeover be approved, the CVRs would be credited to your Stocks and Shares ISA as this is where your shares are currently held. However, under HMRC rules CVRs are not eligible to stay within an ISA, therefore we would automatically remove these and place them into a Fund & Share Account within 30 days of receipt of these. As such, should the milestones of the CVRs be met, any proceeds would be credited to a Fund & Share Account.

I hope this has been of assistance. Should you have any further queries, please do not hesitate to get back in touch.

Kind regards

Corporate Actions Team

Hargreaves Lansdown

AuInspired, personally I think there is a discount to Nicaragua. Look at mako (MKO) and mineros Alamos (MSA) on the TSX. Both have smaller producing mines but other projects as well. We have roughly similar FCF projections to MSA who are valued at 50% more than we are. Doesn't add any value to the phillipines though which is hard to value at present until we know more with the drilling.

I'm in a dilemma with moving money from EQX to MTL. I feel I'm quite heavily invested here. There's a lot of momentum in EQX at present. I think I'm going to wait until dupax drilling results come back and then decide from there. Even if MTL jumps on dupax results, there will be plenty of upside going forwards if dupax is viable.

I listened to a recent video with Ross Beaty who said idiots can make money in this gold bull which made me laugh.

I bought into CXB thinking they might buy CNR. Lucky to ride that wave.

This is just amazing to see what is happening onsite and how quick it is developing. Well done MTL.

I had a phone call with Ryan King, VP investor relations when he was working for calibre, prior to the MTL deal and prior to the EQX merger. He was downplaying the work CNR had done and was making our it would cost millions to build a road to the plant etc.

Seeing lots and lots more videos on YouTube being bullish on the gold price over the past few days.

Not a massive chartist, but seeing lots of charts that have just seen a recent breakout against resistance for the gold price.

Looking strong!

Was just about to post that as well. Having being invested in CNR since 2012, this is great to see. Looking really good so far!

Https://x.com/minenergybiz/status/1956272663162229171?t=qX6SCS0fatYPsCpZv47YAA&s=19

Been a few rumblings around tax situation in Nic. Think MSA had some taxation issues. This was taken from the recent conference call with EQX:

eter Harvey, Chief Financial Officer, Equinox Gold: Yes. It’s Peter here. On Nicaragua, without getting into too much of the detail because it is an ongoing discussion with the tax authority, Tax law changed. We are quite confident that the Nicaragua operations are grandfathered under the pre existing regime. And we’re actually reasonably confident we’ll come to a beneficial resolution there.

Https://www.facebook.com/share/p/19PH3D8UAw/

Some pictures of some buildings they've built already.

For those in here longer that the CNR crew, do you know of other producers in country in the Philippines. I know Oceanagold have a mine around 40km away from runruno (looks closer as the crow flies). That producers similar to runruno but has some copper.

Https://torexgold.com/news-and-media/news/torex-gold-to-acquire-prime-mining-10652/

Torex offered $327m USD to acquire prime mining, exploration company in Mexico. Not even got a PEA or permits and only 1.8m Oz of indicated and inferred at under 1g/t.

Makes MTL acquisition of condor at $89m plus CVRs extremely cheap. Well done MTL.

For those needing their boat fix, here are some pics from twitter

https://x.com/MTLexploration/status/1952325371224846549?t=AZaz2lW-hJ2HTzjwCoHVKA&s=19

Unfortunately they are not free from CGT. This was a reply from HL back in Dec:

Thank you for your message.

Should the takeover be approved, the CVRs would be credited to your Stocks and Shares ISA as this is where your shares are currently held. However, under HMRC rules CVRs are not eligible to stay within an ISA, therefore we would automatically remove these and place them into a Fund & Share Account within 30 days of receipt of these. As such, should the milestones of the CVRs be met, any proceeds would be credited to a Fund & Share Account.

I hope this has been of assistance. Should you have any further queries, please do not hesitate to get back in touch.

Kind regards

Corporate Actions Team

Hargreaves Lansdown

Https://www.juniorminingnetwork.com/junior-miner-news/press-releases/1158-tsx/eqx/184422-equinox-gold-reports-new-high-grade-resource-expansion-drill-results.html

For those unfamiliar, these drill results are only roughly 35 miles away from La India.