Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Perhaps the two parties that CNR are in discussions with will not buy the assets or company in its entirety, but provide the funding via a farm in agreement. As Condor have established good relationships with the government and locals, which any suitor would have to start all over again with. Perhaps a 70/30% split on gold out the ground. Just another take on what could be going on.
Sorry 888 that doesn't wash with me about lots of interest. Months ago MC said they wanted a toll agreement .....nothing has come of it.
Months ago he said someone was interested in our Copper.....nothing has come of it.
Months ago he said someone was kicking our tyres hard.....nothing has come of it.
Months ago he said finance discussions had started and were positive.....nothing has come of it.
If there was the interest that you suggest they would not need to pay Hannam and Partners $100,000s to "seek a buyer", they would be asking Hannam to "consolidate current interest" and look for additional interest, which would have had a significant impact on the share price. So either there is no interest or MC is deliberately keeping the price supressed. Why? I can't answer that. This stinks of another Xcite energy where the management ego and belief that they had an asset that everyone wanted eventually killed the company and left shareholders with nothing and 100's of millions of barrels of oil left sitting in the ground.
I have held for 12 plus years and stupidly and foolishly won't sell because a part of me is hoping and wishing that something may come of this. I have to hope and wish because I certainly don't feel i can trust anything that comes out of MC's mouth anymore or our very non executive non speaking Chairman's.
I sincerely wish everyone the best of luck with this share because i think luck is the only thing we can really trust now, whether good or bad.
So if I was a Russian billionaire with 29.3% of the company would I let the state take control of the company when I can pay 5-6p a share and take it all? This isn't over until the fat Russian sings!
I hope you are right ISA but the pessimist in me thinks MC wants a Toll deal, as per his previous presentations, but either Calibre is not interested or wants too much of the income generated from it.
Surely with gold now at $1900 an Oz everyone would benefit substantially so like most here I just don't get why nothing has been announced. But tomorrow is another day, and another and another. GLA
"The starter pits are shallow, within 35 m of the surface and contain 455Kt at 4.17g/t gold for 59,674 oz gold using a 2.00g/t cut off grade. The intention is to mine them early to quicken the payback period and enhance the Project's economics" How about a nice Toll deal then MC?
Ok so apologies but this is where I get slightly confused.....we own 95% of the land at La India, but do we own 100% of the land at Mestiza, America and Cacao? If so going back to the point by Awax why can't we finance against the gold there? We can still site the plant in La India because in theory we own 100% of the 95% if you get my drift. Perhaps that is why MC has said all the way along the final piece of land is not an issue?
Absolutely Frenchie. I just moved to France where unfortunately the tax regime doesn't acknowledge ISA's being tax free and every profit is taxed at 17.1%. Personal allowance are combined with the wife so any additional tax wont be until after €22k. Thankfully I have plenty of family in the UK who have spare ISA allowances. Lol
I bought the majority of my condor shares about 8 to 10 years ago but bought some more yesterday afternoon. I noticed that I paid stamp duty although I thought AIM shares were exempt. I queried this with Barclays and they said its possibly paid because condor is also listed somewhere else but they will check and call me next week to clarify. Has anyone else noticed being exempt of stamp years ago but they are now paying it? Appreciate any confirmation so I can put it to bed now. GLA
Although there was nothing particularly new mentioned last night I take some comfort in the fact that Mark mentioned that along with the 5 major holders and 10 of his 'friends' they account for about 45% of the shares issued. The optimist in me says that's a good thing as I'm sure they have more exposure to finance plans, Mill selection and Toll direction than we do.
The problem is patience as after 10 years and a nice holding that will make a big impact on my retirement I find it's getting a bit like my hair.....thinner. And I would like to enjoy the rewards on holidays and not Zimmer frames or incontinence pads. Personally I reckon another two years before we see some serious returns so after ten years waiting so far what's another two. Take care all.
Greatest respect but Rockhopper discovered over 300 million barrels of oil, with their Sealion project. Similar to Xcite......hundreds of millions of barrels in the North Sea and became insolvent because of bad management.
I agree with Realranger here as it's time for MC to delivery something tangible. He has done an excellent job over the last 10 years proving up resources but it's time to deliver. Otherwise we run the risk of being another company like, Xcite Energy, Arian Silver, Rockhopper, Desire OG, all of which delivered presentation after presentation, talked a good game but failed to deliver. If he wants to get out to the wider audience to publicise the company then provide a delivery plan, put to bed the issue around the outstanding land (as obviously there is one) and start signing contracts. Toll deal or no Toll deal? as shareholders we have a right to know. Still far too many questions unanswered after all this time. Still a HOLD but time to move forward. GLA