The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
I figure JM has a gold price in mind, and a valuation for Condor based on that. Buyers may well say, as they must have done 18 months ago, we're not paying that, and JM will have gone, fine then, just wait and see what happens. And so we have ! lol
He may not be the messiah, and he may not be right about everything (let it go Seingred), but he's called gold pretty well so far and he didn't get rich by being a fool, so I will also wait and see what happens!
Filtered. What a plank.
Fantasy - I belive this was asked a little while ago. IIRC, the answer was that they could not alter the terms of existing warrants, including the expiry date, but they could potentially issues new warrants on identical terms, with a new expiry date.
Somewhat drowned out by the usual idiots and the (legitimate) lingering doubters I think Rob. None-the-less it reads well to me. Certainly not planning on selling today! lol
Petroinvestor - perhaps you have some beef with dvh on another board, but I really don't care. I have seen two of your posts on this board today, and from those and those alone, you have already shown yourself to be far from pleasant yourself.
Oh do shut up
Yep, also fair point. Risk or no risk, it's a money-maker for sure. Gold companies have to operate where the gold is, and frequently that's in questionable parts of the world. Tolerating some risk could make you rich! lol (fingers crossed!)
Interesting thought. It has occurred to me previously that someone - possibly Rio Tinto in the past, as they used to have some farm-in arrangement with Calibre, but now more likely Chinese - could corner the entire Nic gold exploration and exploitation market and wrap it up into one nice neat parcel. It's possible that is what Calibre is seeking to do, and then sell off that parcel to the Chinese, leaving Calibre to concentrate on more 'established' jurisdictions. Make sense to me anyway.
I would suggest trying not to tie your emotions so tightly to the SP in the first place. Easier to say than do I'm well aware, but it helps to try to keep an even keel regardless of what's going on.
https://www.poetryfoundation.org/poems/46473/if---
The counterparty is the MMs, who will tend to increase the bid/offer if they themselves are running low on stock. The MMs can be considered to be neutral, so large buys do indicate a vote of confidence from the buyer without necessarily implying a corresponding negative position fron the 'seller'. The opposite is also true of course.
We have become used to the idea that gold is in a bear market, junior miners doubly so, and Condor tripley so. Even those with low expectations have been disappointed. But that is no longer the case, and just as even pessamistic expectations were exceeded to the downside in that bear market, we may now be approaching a period in which optimistic expectations could be exceeded to the upside.
Most investors hold on too long to losing positions and not long enough to gaining ones. Most of us here are probably guilty of the first, but we need not also become guilty of the second.
Personally I'm reluctant to be drawn on precise predictions, but the situation now is different to that when Condor was first put on the market. Times change. Perhaps our expectations should too.
What we want is really not relevant. We will get what we're given. That said, I'd be pretty confident that JM and MC would also prefer a cash deal, no matter who the buyer is. Either way, you can sell shares and get cash, or buy shares with cash, so I don't really understand the cash vs. shares debate.
Very nice write-up, with a few interesting details, and the publicity is welcome of course. That said, at it's core, it's just some more speculation, which we have plenty of already! The questions of who (not very important), when (pretty important) and how much (most important) are still to be answered. Let's hope for some clarity soon. GLA
A question to those experienced individuals who say this delay and/or due diligence arrangement is not normal - are your experiences primarily in Africa, better yet, Ethiopia? Because if not, I think it would be a stretch to conclude that "normal" in the UK, or in another financial 1st world country is necessarily the same as "normal" for the current situation in Ethiopia.
"AIM Rule 11 requires notification without delay of any new developments which are not public knowledge which, if made public, would cause a significant movement in its share price."
https://www.iasplus.com/en-gb/resources/other-regulatory/market-rules/aim
There is wiggle room in the form of an exemption for ongoing negotiations, where disclosing the news could prejudice the negotiations, which could conceivably apply, but the high-level rule is pretty clear.
Indeed. Of course it is. Get real. It would have an effect on the SP, yes? Therefore "price-sensitive" by definition.
Olmsey - per stock market rules, price sensitive information must be released ASAP. Not saying you're wrong, but absence of evidence is not evidence of abscence, it just means it's taking a bloody long time, which we're all well used to anyway!
More likely in my view is that the increase in gold price now means that potential buyer's offers are increasing to the point where JM may seriously consider them. He's probably had a price in mind from the beginning, but no-one was willing to pay it. Hopefully, that is changing...
Calibre probably wanted more than 50% of the profits, which is probably why the previous attempt at arranging a toll deal never came to fruition. Their prerogative of course. I assume they felt, rightly, that we needed them more than they needed us. But even so, it's a shame that a mutually profitable arrangement couldn't have been found. Regardless, it's water under the bridge at this point. I can't see it being revived now.
"This message has been filtered, please adjust your filters to view"
You know it makes sense.