Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
I just hope we have the rights to the land or an easement to get trucks from the open pit(s) to the main road
So if jabali has now started drill and blast and they are going to open the mill and one assume ramp up, then right now could be our moment to feed our ore.
So if it is going to happen I was thinking it’s going to happen very soon / imminently. I was rather thinking it may not be coincidental to our webinar next week.
Tester, unclear to me how much capacity jabali will use. I was thinking maybe they now restart the second mill but utilisation still not 100% and space for CNR. In other words they can operate that mill efficiently at high utilisation with our ore.
Rather than just reopening the second mill just for us.
Looks like they just recommenced activities at Libertad....
If a deal has been done then you’ve got to think it would be now.
Have to like those large trades logged after stumps. Things hotting up again.
FWIW in his latest offering, JM speaks of 100$/ barrel oil by end of this year.
Go POG!
High expectations from this webinar...
Gruezi. Gleiche situation.
...options are good.
AndrewFfoulkes, I like all your posts. I shouldn't use the word fluffy, I mean fuzzy (nice irony!). If the road ahead is single-mindedly to produce, it can surely be more clearly spelt out at this point.
All we are doing is opening a mine. The simple fact that things are truly so very unnecessarily fuzzy in the interviews just tells me that things are going on in the background.
Which to me is ok: produce or sell, both fine. I'm not trying to sow seeds of doubt, on the contrary.
I do think on balance the toll mining will happen, its just the *really* amateurish way it is mentioned in the interviews that is bizarre. Its almost as if MC is mentioning it in public interviews and in presentations to force an issue with Calibre. I have to be wrong because that would be really weird.
EL,
100% in agreement with all your points, I have the exact same feelings.
I'm sorry to disagree with all who commend the relaxed status of MC in his internet interviews but I find them exceptionally fluffy compared to other gold CEO interviews and just in general. There ought to be a clear roadmap with deadlines in the company presentations about news flow and action. There isn't. So something is going on in the background to create what I perceive as unnecessary ambiguity in the case that Condor was single-mindedly going it alone into production.
It is annoying that the recent raise was botched a little, too quick. It's obvious that it could have been done at 50p+, there are plenty of buyers. It must impact the thinking of those afraid of the next one. We could have been at 70p+ by now.
Like Hawaii, I'm minded to think that as soon as interviews and PR jolts back into action - as it has - news is around the corner.
I think the only people worth listening to have to be about 60 years old where they have lived through all the dynamics of multiple cycles. Why should / would finance be different from life in general?
Tester, a peach of pratdom is the Goldman Sachs CIO of wealth management....
https://www.marketwatch.com/story/gold-has-no-role-in-portfolio-of-wealth-clients-says-goldman-manager-11596138456
...completely at odds within 2 days of the Goldman Sachs Commodity group:
https://www.marketwatch.com/story/goldman-sachs-now-expects-gold-to-reach-2300-an-ounce-2020-07-28
Everyone just looking after their own interests, there are numerous similar examples. Best to avoid the internet for such things. The banks forecast 1700 gold and then when it hits 1800 they pompously up their forecast to 1850 because of a,b,c and when it hits 1850 they pompously up to 1950 because of x,y,z. Cobblers awls, all of it.
The other classic is to pronounce that "X will increase, but there might be a pullback near-term". What this means is "I'm covering myself both ways and by the time something finally happens everyone will have forgotten what I just said".
FYI. But nothing new.
https://www.proactiveinvestors.co.uk/companies/news/925456/condor-gold-plc-elevator-pitch-925456.html
Yes, if they are planning a buyout then the parties would be agreeing a takeout price in principle, and then it is in everyone’s interest to get toll milling. Calibre would be having a major say in the size of the mill, assuming that the Libertad mill slack ultimately gets taken up by Pavon and a new one is required at La India. And maybe that’s why there is so little clarity and apparent fumbling when the company talks of mill size.
The only other option I see is that Condor makes clear they would never sell to Calibre. Then the toll milling is a pure question of agreeing a toll price split and I don’t see why Calibre wouldn’t make a deal, it’s not like there is competition in the marketplace for the product.
I can’t see any other possible scenarios. I can’t see any benefits of fuzzy communication of intentions between the two companies.
...albeit on terms that may not look too stellar.
My interpretation is that Calibre have agreed in principle to toll mill but the offered terms have put the backs up of the Condor team. My gut says it will still happen.