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So, Shanghai is at $2446 while the Goldprice spot sits at $2387. The gap has narrowed to around $60. With ME tensions high this can only really resolve itself upwards.

London:

https://goldprice.org/spot-gold.html

Shanghai:

https://www.cmegroup.com/markets/metals/precious/shanghai-gold-usd.html#venue=globex

London:

https://goldprice.org/spot-gold.html

Shanghai:

https://www.cmegroup.com/markets/metals/precious/shanghai-gold-usd.html#venue=globex

I reckon they'll take a day or two to digest, although anytime after the 17th and news could drop. Assuming of course that there is a connection to Calibre. Intense speculation, yes, but we still don't know anything for sure.

Gold is back to $2360 on the Globex\Asia markets. There's still a difference vs Shanghai. If it falls again the arbitrage situation remains.

I stand corrected on that; AIM Rule 19. I think the Covid extensions have now gone, although not too sure on that. It might test the patience of investors if CNR waits until the last half of June. The next two weeks look more likely to me.

I did see this:

https://www.cmegroup.com/markets/metals/precious/shanghai-gold-usd.html#venue=globex

At $2429, it suggests around an $85 difference, and a volatile opening tonight.

I'm trying to pin down a live price for the Asian exchanges, as the commentary on Saturday morning suggested a $100 price difference between the Western exchanges and Asia i.e. an arbitrage situation. At the moment all I'm seeing is circa $2345.

Does anyone have a live price link that validates the higher prices, or has the price delta been resolved already?

It's 4 months under DTR 4.1.3. I thought it was but have subsequently checked:

https://www.handbook.fca.org.uk/handbook/DTR/4/1.html

A listing rule rather than Companies Acts.

PoG is down $50 from its high today, an inevitable correction. It remains to be seen if it's the end of it but I'm keeping my gold ETF powder dry for the time being, until it's clear.

Yahoo have reverted to 'Earnings in three days' today. Whatever the case the Annual Reports need to be released by the end of April. I don't think they will wait that long. I'm not particularly interested in last year's financials, other than the fact that something will have to be said about the sale\negotiation process. It's kind of the only thing anyone is interested in.

The mind boggles when thinking about how much the value of Condor's gold in the ground has increased. I've got to believe the the NPV of the proven stuff has to be close to a billion by now. This rapid increase in PoG may well be causing some negotiating issues, especially if the asset exit formula is tied in to PoG.

Meanwhile, we'll see how the U.S. market deals with $2400 gold this afternoon. $2500 anyone?

Not an effing chance after 14+ years. With gold on a roll (I now reckon JM is watching it as closely as we are) it would be snatching defeat from the jaws of victory. I still think there is 20p in it, possibly more if gold maintains its current momentum, and we end up with 2/3rds Calibre paper.

You can always rely on KWN to fan the flames. However, in this case they are only repeating what other gold watchers are starting to say. Some perch themselves at 10% above $2350 ($2575), while others (including Sprott) think 25% might be attainable ($2938). As ever the timeframe for achieving these levels is murky, albeit one or two have stuck their neck out by suggesting 2025.

Always entertaining though often repetitive:

https://kingworldnews.com/sprott-how-high-will-the-gold-price-soar-after-historic-breakout/

Yahoo still clung on to 'Earnings Today' despite evidence to the contrary. As per usual no one has a clue when the next piece of news will drop.

Didn't fancy $2350 - bigger fish to fry.

I'm quite shocked at how fast this is moving. At this rate we could see an assault on $2400 this week. That $3000 (within a year) I saw suggested last week no longer looks as unattainable as as it might have seemed a month ago.

Yahoo's app is still showing 'Earnings Tomorrow'. Would anyone know for certain whether they might have had prior RNS notification, or are they just guessing like the rest of us?

Today's U.S. CPI print has but a minor downer on the gold price, albeit I suspect the market thinks the FED will still support Biden by knocking 25 basis points of interest rates in June/July.

We'll see on that one. In the meantime PoG could wobble for a day or two.

An irony of the current situation is that if, God forbid, the sales process stopped due to being unable to settle on a price, we could actually see an increase in the SP beyond what we might have got through a trade sale. With PoG still (generally) on a roll, the intrinsic value of what we know we have in the ground is up by a multiple. Building a producing mine over the next 18 months/ 2 years could mean that talk of 100p - 150p is back on the table.

Expect anything in this mercurial situation.

I think it might track up to around 35p in the absence of hard news. Getting much beyond that may be a stretch, as sale estimate values seem to start in the low 40s. I'm still at 50p, but remain optimistic on a bit more. I'm thinking about a third cash with the rest paper. Any other views on what the offer outcome might be?

Still a strong buy at 30p.

‘Earnings tomorrow’. It was Yahoo. We’ll see. If they are it’s going to be difficult to avoid saying something about negotiations. Post balance sheet event?

I'm still at 50p, with a pessimistic possibility of 45p and an optimistic outcome at 65p. The optimistic end is influenced by the amount of paper in the deal, and pessimistic view assumes more cash. Even with gold on a roll I think getting beyond 65p will be a struggle.