Blencowe Resources: Aspiring to become one of the largest graphite producers in the world. Watch the video here.
https://youtu.be/qu6XLdMFY0E
Another good listen. Focused on valuations, saying should be valued at 3-8% of gold price but doesn't account for all the studies, land, sag mill etc.
Mentions about trying to get value for the exploration upside.
https://www.juniorminingnetwork.com/junior-miner-news/press-releases/999-cse/ase/140007-asante-announces-receipt-of-unsolicited-non-binding-expression-of-interest-that-the-board-has-concluded-is-not-in-the-best-interests-of-the-company-or-its-shareholders.html
They only offer 10% above the current share price. Interesting they announced a non binding offer to the market. Maybe they had to announce it because the offer was from a current shareholder.
Polo, even 0.5 of the lowest NPV above gives circa 73p a share when fully diluted which is more than good enough for me.
Recent and relevant video here from B2 gold. Emphasis on paying for value of the asset, not what the current sp is. Listen around 6:50.
https://m.youtube.com/watch?v=Jzlg5Eq92JM
Don't mind at all CCC. All those numbers look strong. Just patiently waiting for the next RNS.
No video but the presentation is on condor's website. Slide 7 has a breakdown of what the NPV would be for the PEA numbers at $2000 gold (plus other NPV's are different gold prices.
$2000 gold gives and NPV of $628m and 74% IRR.
I'm glad to have all my shares tucked away in an ISA.
It's at 4pm uk time. I would guess this will be recorded and made available afterwards. Would appreciate if anyone on here is free to go along and give feedback. Maybe our new poster would like to attend :)
You've got to have a good giggle at a poorly researched deramp. Where's that noel guy when you need him.
https://twitter.com/adelaide_cap/status/1645831620715216909?t=KBMugRDSUG9RPM-SpzsoeQ&s=19
You have to sign up. Works out 4pm uk time. Can anyone make it? I'll be at work so won't be able to make it.
What is also interesting is the comment on page 30 and again later on.
'It is not the company's intention to cease trading after the potential sale of the Nicaraguan assets.'
I would envisage the goal posts have changed since then Nero as they state the lowest price at £1 a share whereas now the company says 40p a share.
Taken from page 66:
In the event of a sale, there is a bonus scheme whereby the CEO is due a bonus based upon the share price at sale, so long as such share price is no lower than 40 pence.
It doesn't say how much the bonus would be.
At least these weren't awarded when the sp was 15p. MC has a lot of skin in the game, he's working hard to get a good outcome. He probably gets annoyed when I keep emailing him (not all 5he time I must admit) but fair play to him, he replies even in weekends or evenings and I appreciate that. So let him have his bonus.
MC back in Nic. https://twitter.com/CondorGoldplc/status/1641462851125510144?t=O-HgI17CKHSvG0RH5Q_CIw&s=19
https://twitter.com/NorthstarCharts/status/1641185204222976002?t=7U1lUkb0Up-IVrwrcKyXRw&s=19
How about some comment on the video slim? My take on it is that they won't let it go for cheap. It's the first time MC has mentioned about the possibility of putting up a small scale plant (for a lower upfront capex of course). If no suitable offers come in, we could start with the higher grade from mestiza. Look at mako, they managed to do it with 500tpd.
Mention of a tsx listed company along with a Chinese gold miner, wonder if that is calibre/mako/first majestic.
Mako have just done a 10 to 1 share consolidation and up listed. They have reorganised their debt to a silver stream so they are effectively debt free. They are cleaning up their balance sheet. It might be so they can focus on increasing their own mill to 1000tpd and spend in exploration. Maybe they are interested in a merger/buying us. More I think, maybe mako will benefit from buying us more than calibre. They have minimal reserves and a small processing plant and only produced 36,000 oz last year.
True cambells, so at this current share price of calibre gives a value of $220m.
https://www.firstmajestic.com/investors/news-releases/first-majestic-temporarily-suspends-mining-activities-at-jerritt-canyon-20230320
Remember, first majestic knows about us. They spent a fair amount of money acquiring the jerritt canyon and now they are suspending operations as it's too expensive to run.
Yeah, tough one around whether we are too expensive for both calibre and mako. Let's not forget, b2gold were considering closing la libertad before they sold to Calibre. Maybe that price tag was too cheap/a steal for calibre. Remember, condor tried to buy those mines as well off b2gold. Mako would have to double their shares and some if they want to buy us. They have no cash. At least calibre have cash. However, I think they have enough organic growth, they've just released another RNS which has found pretty good grades at el limon.
It's promising calibre keep finding gold, shows how undeveloped and underexplored Nicaragua is and we are right in the golden corridoor. Shame we won't be round to reap the rewards of our decent land package.