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Replying to my own post... that said, I don't understand why the gold price is being slammed. Is it a safe haven in uncertain times or isn't it?!

Look at the wider market. It's a bit of a bloodbath. Condor is higher than at the beginning of the week, which is better than can be said for most companies.

The so-called 'boiling-zone' south of La India could potentially be a copper/gold porphry system. I think that's what Condor geologists suspect, but it will take time and money that we don't have at the moment to drill it and prove it.

With a breakthrough on just about anything - land purchases, toll mining, finance, we could be at a £50m MCap overnight. IMO, MC wouldn't sell for £50m, unless he thinks we're dead in the water. Nor will JM. A hostile takeover would struggle to get enough votes without the big holders on board. At £100m, they may start considering it, but doubt anyone would offer that big a premium to current SP. To maximise any takeover offer, we have to do exactly the same as if there never will be an offer, and that is to simply keep going, and one day, build a mine.

Calibre Mining Corp. (TSX: CXB; OTCQX: CXBMF) (“Calibre” or the “Company”) is pleased to announce that the Company and Rio Tinto Exploration (“Rio Tinto”) have entered into an option earn-in agreement dated February 23, 2020 (the “Earn-in Agreement”), pursuant to which Rio Tinto can earn up to a 75% interest in Calibre’s 100%-owned Borosi Projects in Northeast Nicaragua. The Borosi Projects host both gold-silver and copper-gold resources in two areas as well as multiple lesser explored copper-gold skarns, low-sulphidation epithermal gold-silver vein systems and bulk tonnage copper-gold porphyry targets.

Furthermore, the Company and Rio Tinto have entered into a strategic exploration alliance agreement (the “Alliance Agreement”) under which we will work together to identify and acquire exploration concessions in Nicaragua, with a focus on copper-gold porphyry, skarn and epithermal precious metal systems.

Punter, I'm not familiar with HUM, but surely something doesn't add up with those numbers? You say they're making $96m profit? Their MCap is only £95m according to LSE. Which puts them on a P/E ratio of under 1.3 if I've done my sums right. Which is the sort of P/E ratio usually reserved for companies that are expected to go bust. So either those numbers aren't quite right, or they have very serious problems, debt perhaps, or they're just stonkingly good value! Any clarification would be appreciated. Whatever the reason, if the numbers are as you say they are, then it may not be representative of the value that Condor could attain in any sort of production scenario.

3 times even! Interesting video though. Nice to see what it really looks like. PR seems to be improving. Whether Condor's driving that or just reaching a stage of development that's independently generating interest, I'm not sure, but good either way.

Johhny: Tell me what makes you think there is manipulation? It's not just the reporting of buys and sells thing, is it? Because, that reporting is simply inaccurate and should be removed. But we all know that, right? Doesn't really amount to manipulation, so unless you have something more, I'm afraid. I kjnow people like a good conspriracy theory, but it doesn't make it true.

https://www.youtube.com/watch?v=r8RmHLISkb4&t=2551s

Not an endorsement it's fair to say, but it's not all bad. "The project is still good". The negatives are the ones we know about already - social issues at both national and local level and an unproven CEO. IMO if he really wanted to sell up, he would have done so already. His last words are probably key: "I'm gonna reserve judgment on that one." So I think he'll stick around and see how it goes. Maybe he'll sell if the price and/or liquidity improve, but that would imply positive progress for the share anyway. Condor is tiny for him, both in terms of the size of his investment, and also the minutes-per-day that the share will occupy in his thoughts. Plus, he's a very successful guy and he knows what he's talking about, but he's not the messiah. He says himself that many investments he has gotten out of have turned out to be "very happy stories". Condor has survived large shareholders moving on before. At the end of the day, whether the company wil be a success or not depends on how well it executes, not on individual shareholders.

Geovanni effectively summarises the bear case for a toll mining deal with Calibre. Aguila does likewise for the bull case. Each post has 4 upvotes at the time of writing. What to think?

My view is that a toll deal is not in the current share price. The market's view is more closely aligned with the bear case. So if no deal, then it shouldn't hit the SP too hard, I hope. Whereas if there is a toll deal, then the market should respond quite positively. The possibility of that upside, with not much downside, is still worthwhile from an investment point of view IMHO.

And then of course, there's all the rest of it. Toll deal or no toll deal, MC is looking towards cash-flow ASAP. Opinions may differ regarding when that may actually be and at what scale, but we're moving in the right direction. I'd be buying if I wasn't overweight already.

Is Pavon permitted?

The only part directly of relevance to Condor I heard was at 50 minutes, was very short and the conversation seemed to be M&A oriented, which understandably Calibre are cool on until they figure out what they've already got. I cannot find any reference that would justify your comment RR - "If they dont find anymore gold and exhaust all resource at Pavon & LaLibertad then maybe they might consider toll mining few years down the road". Please direct me to a timestamp. If this is just your interpretation, please say so, as it is very misleading and disengenuous if those comments are not actually to be found in the video.

CNR worth a look IMO. Not much SP action for a while, but that may be about to change. DYOR

...which is what some on this board have been haranguing MC about for ages. So... good either way, right?

Viking, you are missing the point I'm afraid. You simply cannot read very much at all into the buy/sell labels. The trades are real, but the buy/sell status is just a guess based on the trade price vs. the mid-price at the time. Therefore the issue here is that buys/sells are not marked up properly, rather than the MMs misleading the market. There's a lot of conspiracy theories from PIs on AIM about MMs rigging the market, but it's mostly nonsense. The price went down because of traders selling on news and profit taking off the back of a 100% rise in a month. Nothing unusual about that IMV. HTH

https://masterinvestor.co.uk/equities/condor-gold-much-closer-to-production/

Just seen this. Haven't got time right now to read it properly, but a quick scan suggests it is both thorough and bullish.

MC did mention how many at some point. Closer to 50 than 4 or 5 I think. They probably don't all own the same area though, so likely many small landowners and a few big ones. My concern is that some may not sell on principle, which is harder to deal with than if it's all just about money. It's even possible that some of the prominent figures in the local anti-mining protests may also own some of the land we want to buy. It is a little reassuring that compulsory purchases are available, but that will take time, and until all the land has been acquired, it remains a risk.

If you have nothing to say, then say nothing.

You don't tell it the way it is. You whinge. You moan. You complain. You add nothing whatsoever to the debate. Look at the other posts today. Hardly bullish and many expressing somewhat similar sentiments to you, but at least they took the trouble to try to write like grown-ups.

I'll tell you the way it is. You don't want to be here, but you're too scared to move on. My advice to you is at least in part for your own good, belive it or not. It's clearly not good for your mental health being "stuck" here.

That's good news Tester, thank you. Seems that the land purchases have, for the time being, overtaken financing as the number one concern. But if there is a system for compulsory purchase, then that does reduce the risk of the project being permanently stuck.

As you say, there is a lot of good news there, and I imagine MC might be a bit miffed at the reaction from the BB and the market. But we're all human, and we've waited a long time. We seem so close in some ways, but also so far away and nerves are fraying, mine included.