Member Info for Docproc

Thanks for confirming CF. 😉

CNR purchased a SAG Mill for La India that was supposedly worth circa $5Mill. Does anyone know if this was included in the sale? I presume it was as there was never an announcement of it being sold prior to the deal with MTL completing.

It would be useful to know, now the dust has settled as to what state the La India facility is in and the assets at the location?

Morning all,

When is the 9.9p payment released to Condor shareholders? If anyone can provide the information I’d appreciate it.

I’ve accepted the change and very comfortable with what I’ve seen and heard about MTL. We all want the same thing, some are more patient than others. GLA.

Thanks LMA for the link. I’m impressed by DB’s knowledge and enthusiasm. Despite the disappointment of the offer price, I’ve resigned myself to get onboard with MTL and wait 2-3 years to see what La India can produce as well as the other smaller projects ongoing in the Philippines.

It’s disappointing that interviewers do not do any basic research, highlighting that the share price was at 33p in March 24. Those invested can see the smoke and mirrors, but it’s MC’s role to promote the positives. The lack of conviction in the CVR description by MC having presented the premium growth since October, provided very little reassurance seeing anything above 33p from CNR. If you sell some or all of your CNR shares, do you still own the Contingency share options?

Finally, we have a SAG mill that was announced as up for sale last month, it’s worth £5 mill plus (about 8% of our offered value). Is that still being sold or thrown in with the sale? If sold, what happens to the distribution of any sale? If part of the sale, this makes it an even sweeter deal for MTL.

This is not what most investors would have expected for a 2 year sale process. Also, wouldn’t MTL want a mill for production - no mention of that, but CNR’s recent RNS were keen to highlight that bit of kit being sold off.

How can Mellon have any credibility if this is the deal he supports after two years? The assumption that we’re all waiting because JM is such a guru and has read the markets, with the significant increase in gold prices. All of this eats itself with the latest deal that Mellon is reported as supporting. It stinks of a stitch up between multi-millionaires.

Anyone who believes in the value and potential of the condor estate knows that the initial offer and proposed add-ons are poor for condor shareholders and those of metal explorations (because it will continue to dilute the share price).

Geez, do you have to be so bl33ding negative all of the time? Mood hoover!

Haha! That’s probably stretching it a tad too far. 😉

I was impressed by the performance and positivity of MC in the latest investors video and bought some more in optimistic hope... However, JM is calling the shots now and it depends on what he’s looking to walk away with. My view is that he’ll want a minimum of £30M from the deal. He has an ego to feed after so long invested here.

Perhaps any potential buyer is waiting to see how the election goes? Any Chinese interest is likely to want no change.

There is a lot more going for the sale at this time than it was 12 months ago, when the same type of comments were being made about the time it was taking. It has been a very long wait, but no news is no news. If we’re close to finalising a deal it will remain quiet.

If it turns out to be Calibre would the RNS be released up to an hour before opening on the UK or Canadian markets?

I’m a novice at this… What is the expected share price if the offer is £100M or £150M? That is before we get into any variation of there’s stock offered as part of the deal.