Member Info for Connect1

I just listened to this and it makes compelling viewing. ATB.
://www.kitco.com/news/2020-06-03/Calm-before-perfect-storm-gold-prices-to-breach-all-time-high-by-year-end.html#.XtfitfQieIE.email

Nero120, I don't pretend to understand but on a basic level its 'FUBAR'.

Barnard, I bought all the way up to the heady days of £2.00p, which seems unbelievable! I hope I'm wrong but if the past is anything to go by with this share, even taking into account the massive progress and de risking that's happened, who knows where the SP could drift to?
Tester, what is it that all the experts in the world know that we don't that makes gold such a bad investment and 'CNR' such an anathema? Surely there should be a bun fight for an asset such as ours, what are we missing?
ATB & GLA as always.

Well done Barnard, I too topped up recently at £0.56p and £0.50p, never thinking this would drop as much ouch, ouch!

GM all, this are the latest posts from 'ADVFN' regarding the situation in Nicaragua regarding the land purchases and covid19.
'book5' - I have just read that in Nicaragua the coronavirus is getting out of control, and the goverment is trying to benefit from it against the opposition....
It is sad, but I believe the situation helps to cnr plans : buy the land quicker, and obtain permissions quicker.
Are the Options issued today a hint that the company expects good news are due soon?So far The situation in the village is good.
Company keeps working
No reported deaths, no reported infection cases'
ATB & GLA.

This is a post from the 'ADVFN' BB which I though might be worth sharing/pondering on here, rather than focusing on the SP at the moment. It is certainly very interesting at the very least. Many thanks to the poster and I hope I'm not offending the other poster or anyone on this BB in doing so as that's not my intention, I'm just trying to consider all the potential options moving forward. Any thoughts or comments are much appreciated.

'I think it's high time to make up some new math & insights here. We are always talking about share price, but as a Investor actually I do not care so much - because of the future dividends.

Again a very rough calculation:

Assuming we have 1,2 Moz gold in the ground and make 1000 $ profit per oz (very conservative case), at 140 M shares we have around 8,5 US$ (6,7£) per share future dividends, to be paied out over the ca 10 years life of the mine.
Going to 5 Moz we go to 35 US$ (28£) of dividend per share.

All of this of course assuming that we eliminate all risks and can produce during the entire time. And, I am repeating myself, this is EXACTLY what especially JM, MC and the Nicaraguan shareholders wand and will do: Produce THEMSELVES. We will not see selling the company to anybody here, be clear about that!

Why taking a huge risk discount of factor 10 or similar when selling the company to another investor, when you know that the risks are in fact rather low and you can get the stuff out of the ground yourself?
All what is done by Condor around La India (social work, environment etc) is only done because they want to stay there and exploit in partnership with locals. You would not need to do all these investments in case you just wanted to flip the mine with a max profit.

EDIT: And if we go in the beginning to a production of 100.000 oz/year as foreseen my MC that would be a dividend of around 0,55 £/share in the first production year (probably mid 2021-mid 2022)'

ATB & GLA.

Following on from the conversations that I posted from the 'book5' on the 'ADVFN' BB on Friday, here is the latest information he has supplied as well as his comments, along with a link to a Nicaraguan law document albeit in Spanish:
'book5 - My reading is that if there is no agreement to a reasonable offer, then the land could be temporarily expropriated to enable all the necessary mining activities. So in spite of the strong opposition of some of the land owners, buying all the land should not be a problem. The company is pressing the accelerator.
https://www.google.com/url?sa=t&source=web&rct=j&url=http://faolex.fao.org/docs/pdf/nic98748.pdf&ved=2ahUKEwiNvKbL0dvpAhWzURUIHU_WDOoQFjAAegQIAhAB&usg=AOvVaw23Ob0OHaUQkHn6_2-sm5jm&cshid=1590844393350
'book5' - Open in new tab and then download document. It is in Spanish, Nicaraguan law. It is clear to me, we will get all the land despite sporadic opposition. I am sure I heard Mr Child mentioning the same last resort option but I cant find the corresponding video, may be someone can?
'OldieGoldie' - Ah now it works. As a french speaker I can roughly understand it. Reassuring that the law is dated 1958, gives legal certainty. Due to the political situation we will probably see some accelerated procedures during the summer months
sa=t&source=web&rct=j&url=https://core.ac.uk/download/pdf/80118285.pdf&ved=2ahUKEwjxytrOpNzpAhVLTsAKHWVtAW0QFjAFegQIARAB&usg=AOvVaw1AI3q8fqeGSnftEmK-JgqF
'888ICB' - Condor is clearly setting its stall out to get to production at an accelerated rate which should be well received by investors. It also has the added benefit of making an early bid more likely each day. The company becomes more valuable each day we get closer to production and when we start producing we are in a completely different ballpark. It is very difficult to understand why anyone would be selling at this point as we should resume our rerate over the coming days and weeks but with the added benefit of knowing that any morning you could wake up to an offer that would take this to a new level in seconds. Very exciting times for Condor Shareholders. I will be very disappointed if an opening offer is not in the £2.50-£3.00 range as we are going to be worth a lot more than that when we are producing and start making that £1 billion profit from the initial phase of the project.
The final post from '888ICB' echoes the thoughts and comments of many of the posters on here recently. ATB & GLA!

Some great thoughts and opinions as always by the members in here, looking at potential options and plans. However with regards to a sale price of £1 - to £1.20 as a takeover would be a bitter pill for most LTH’s here, myself included taking into a account all that’s been achieved and the district potential. ATB & GLA.

I'll copy and paste and hope it's ok and Seingred has mentioned the poster's name so here goes!
'book5' - Hopefully I have news soon of more land purchases
Small village, people realise who is negotiating. If familes say they are selling I should hear.
Reply - Why? Do you have a relative in the village?
'book5' - I have a friend a keep contact with
Question - Ok. How many more parcels of land does Cnr need to complete the land acquisition program? Is it just one or two very strategic bits or just a stubborn old landowner or two holding out?
'book5' - What I was told there may be up to 10 families need to sell, but small properties Las week a lady sold "40 manzanas", which is lots of land These small ones are more against the company
'book5' - I am of the opinion goverment wants the mine to go ahead before elections, apparently Daniel ortega's son owns shares
'book5' - 1 manzana = 7000 sq meters
ATB.

Let's hope this all materialises after all the years of phone money printing by governments. As an aside some interesting comments regarding the land purchases on the 'ADVFN' BB, apparently one of the posters there has a friend in the village that he keeps in contact with. Fingers crossed. ATB and have a good weekend all!

I really hope so frenchie as I’m heavily down on all the shares I bought in the late 50’s recently!

Elise1, are you still standing by your prediction of a SP of £1 by August I think you said? ATB ;-)

Oh please stop ‘Bigjamie’, that’s more than enough good news for the day! ;-)

Wish I trod in the same **it JT did!

I wish I had your ‘cahonas’ Frenchie, but I’m well down on all recent buys that were supposed to have been good prices! LOL.

Tell me about it! :-(

Wondergoals, all very valid points to help remind one to focus on the fundamentals and maintain a semblance of sanity! The trading part is something I’ve dithered with on many an occasion with CNR and never followed through with, unfortunately always to my detriment. Now where’s that crystal ball of mine! ATB

CCC without coming across all negative I fully agree with you it's extremely depressing at times. Oh well what can you do sell up, shut up (not aimed at anyone just saying in general) or sit quietly on the sidelines as I've done for the best part of a decade, dreaming go break even let alone the 'P' word! LOL.

So Elise1, when do you see this hitting £1?

Even lower now, the MM's are having a field day!