Member Info for condor_forever

Or minimal dilution because we'll be bought out once land purchase and other studies are fully completed and boxed off.

Cheers for the video nice1. I wonder whether that was filmed in mark's own study at home. Enjoyed a snoop at his bookcase and fancy looking picture behind him, I was trying to figure out if it was a picture of a condor ha.

Good to hear 65-70% of the land has been bought so far, that has increased from the reported 50% earlier on this year. I'm torn into thinking whether we'll just get bought out or not prior to construction.

I would expect that to be the case. They are 2 different permits, just both submitted at the same time. Can't see why the government would have a massive delay between both when the public consultations were held pretty much at the same time and no need for resettlement at these sites.

It is crazy over there at ggp. I assume its due to the major potential it has and the location it is in.

I guess the only catalyst would be that either this gets the big boys to start having a look as we now have 1m permitted or it speeds up a toll mining agreement. Those are what will really drive this share. I'd love to be proven wrong though!

I doubt it'll rise that much to be honest.

Good news as expected. We were always going to be granted it, just a matter of time.

Hi Pat, hope you're well.

Nice find. Good listen. Yes, fits well. As Mark has mentioned, we will have a construction decision by the end of the year. Then hopefully we should start to re-rate.

I'm waiting for the right time to sell some other funds to top up in here.

Waiting for permits for high grade feeder pits. Due any day now....

I guess we can't soley wait on a toll mining agreement. We've been waiting long enough. I think a finance deal will be agreed once permits for the feeder pits are announced. Don't forget, the gold is going nowhere and the price is steadily rising, I doubt it'll be hard to get a gold loan.

Yes, good to see that it's still on the table. Let's not forget, nic want us to build a mine. We can't afford to scale up with a mine costing circa $110m. What's stopping us from doing both. Build a mine for 50,000oz p.a and toll mine to la libertad at the same time.

Tony Blair on TV talking about mass testing. I wonder if he has shares in avacta lol.

I can definitely see the dilemma Mark has about diluting his and other major shareholders. However, we are stuck in limbo which is impacting the share price. Surely, people don't want to invest knowing we are just spending money month after month with no detailed construction/financing decision.

Take Mako mining, in June 2019, they did a rights issue at pretty much the same share price to wexford capital. They already owned about 14% of the company already. They raised $27m plus a $15m convertible loan for their plant which will produce 40,000oz per annum via an open pit. After this, their share price steadily tripled in value.

This uncertainty is not helping. We need a concrete decision. I really hope this is more evident once permits come through for america/mestiza.

They have just had a new concession approved by the ministry of energy and mines. Shows the government are still functioning. The usual 25 year duration, was approved on the 12th March and an rns came out today. Not sure what the usual turnaround from approving concessions to getting it out to the company but this turnaround was 3 weeks ish. Whether that's the same for permits, who knows. Hopefully not far off now.

If you read further down on that rns in November it states that we started around Jan 19 and terms from marena were stated on the 1st March 2019. I'd assume the process started around then.

I'm being nosey. What are these emails toing and froing from you and frenchie?

Just beat me to it tester.

Mark just sent an email round. 2 new videos on our website:

http://www.condorgold.com/csr/environment

2 min video's about the recent public consultations. All looks positive. Lots of happy smiling people as you would expect in our promo video's.

Can only say that he doesn't expect a delay to happen because of covid19. Re-iterated that the public consultation were successful and just waiting for minister and presidential approval.

Mark has always been responsive to my emails when I've emailed him. Understand he is busy so I've only emailed him on a few occasions.