Member Info for condor_forever

Calibre and mako mining are both listed on the Canadian stock exchange and are both in Nicaragua. I believe we would be valued someone's between these 2 once we get a production decision and finalise our plans going forwards. I think there will be people sitting on the sidelines waiting for a decision for financing/2nd raise depending upon what route we go down. If a toll deal is done and reduced dilution, then I can see us re-rating fast. Regardless, I think we'll re-rate anyway, even if we do dilute a bit more than expected. Just look at mako minings share price after it raised in July 2019, gone up 4-5 times.

Their share price has hit an all time high, valued around £330m.

Some good posts on here over the last week and nice to see some more new faces. Welcome aboard the condor ferry! Next stop..... Hopefully over 50 God damn pence!

There has been discussions about the price difference between aim and tsx on here in the past. There has been little correlation when the price jumps up on the tsx.

Volume is far too low for the share price to bear any significance over on the tsx. Absolutely pointless.

@ elgordo83 I'm definitely going for the tattoo of the alligator on the side of my face!

Let's not forget. We are in a strong position. We have 3 great options:
1. Toll agreement
2. Calibre and rio just buy us out
3. We have the big boys to go it alone

Such a strong position to be in. Let's not forget that.

Only had a quick read. They only have $25m in the bank. They deferred payment to b2 gold and have an aggressive drill program and further studies to do at pavon. They could easily eat into a lot of that. They need us.

Mark has said in his recent talks he aims to have all the land bought and the land cleared by the end of the year. It would be stupid to give out an rns for every land package they buy.

Leave him to it. Have some faith. I'm happy to wait.

Ah, found it.
Mark would receive a 1% bonus if the company is taken over between 100-125p, 1.5% 125-150p and 2% above 150p.

Hi Simms, he has a bonus at a lower level as well, think it's £1.20 and I think there is another share price target as well but don't quote me on that. I've been looking through the company reports but haven't found it yet. Does anyone else know? Interesting looking through some of the reports regarding money for land purchases. This has increased by $1m from $2m to $3m. It's all in the company reports on their website for those interested.

It'll be interesting to actually see what happens once a production decision and information on funding gets announced. If it gets upto around 80-90p, then a bid around £1.20 would be more sensible. I think we need some realistic expectations here. Look where our share price has been for years. Once permits came I thought great, a nice rise will occur and look where we are. I'm confident on land purchases, maybe the market can still see there are a few more hurdles to jump through and once they are sorted we'll start a re-rate.

Thanks for taking the time to post and a shame he got cut off.

I've seen 'constriction' in 24 months on mark's presentation for a while but he keeps saying it. Surely if next year is a construction year, surely production would be in 18 months, not 24. I would like to know the time process in more detail. Mark has mentioned about certain sign offs from the ministry of mining before breaking ground, I wonder why we can't do this in conjunction with all the studies once the processing plant is finalised and on site.

I'm in work tomorrow so won't be able to listen to the mines and money talk. Would be good to hear anything 'new'.

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

A 17 min video with calibre. Worth a listen. Obviously nothing specific to condor regarding a potential toll mining agreement. They did talk about their hub and spoke model and how they are trucking ore from Limon to la libertad at $25 per tonne. They are very confident in growing their business to 250-500,000oz per annum over 2-3 different countries. They are announcing a 10 year plan within the next few months outlining their plans which I guess would be an interesting time frame to see if a toll mining agreement is done prior to this, who knows.

By optimising their mill, the money they have saved has funded half of their drilling program, I'm sure they could fund 100% of their drilling program by striking a deal with us.

https://www.bloomberg.com/press-releases/2020-06-26/mako-mining-announces-28-4-million-private-placement-of-units

Interesting that they have had to raise more money. They are behind condor in regards to exploration and drilling and used some of their initial rights issue last July to do further drilling. There were a few areas they were covering with this raise, including working capital, further exploration, further mine build funding and debt repayment (I assume from the initial equity raise). Mark's $40-50m estimate for a 2nd hand mill seems to fit. Interesting to know about the processing capacity for this.

Realistically I think we won't see £1 this year.

Good to see that pure gold are doing well. Shows that their market cap can increase during the construction period. As I've mentioned before, mako went from 0.10 when funding was announced to 0.49 at it's high a month or so ago.

To between 110,000 and 125,000 which is a 20% drop this year due to the coronavirus. Aisc up slightly by ~$40 per oz.

https://www.bloomberg.com/press-releases/2020-06-24/calibre-mining-corp-calibre-mining-provides-revised-2020-production-and-cost-guidance-expects-gold-production-of-between

I've been thinking about what I would prefer, a buy out at a reasonably suitable price or whether I would prefer CNR to go into production. It's a tricky one and I keep changing my view. I look at some junior AIM goldies and think that there share price hasn't done great but then I think about how we are just heading into a bull market with all the articles I've been reading and how strong the gold price is at present.

Our timing might not be any better. I would hope there is more interest in us other than the obvious choice of Calibre/Rio.

I'm not sure what the boards sell out price would be in the next 6-12 months (this is the time frame I would guess for an offer to come in). I'm not 100% sure what I'd prefer, sell out for circa £2 or go it alone. Maybe a sale come to think of it.

EL, I believe once we have secured all the land and completed all the mining studies we'll get an offer on the table. Whether that offer is suitable is another story.

Here is a video about M&A potential activity.

https://youtu.be/avbDOnODyjM

Too late on a Saturday to make direct comparisons but here is a recent takeover. https://smallcaps.com.au/chinas-shandong-gold-makes-cash-bid-cardinal-resources/

They have 5m oz, lower grade just over 1g/t, high capex of $390m to start up production. Bought out for £166m. Aisc lom $895.