Member Info for ElectricLion

May as well consult a psychic or read tea leaves. He was looking at his notes. Any more than that is in your own head.

...what a bunch of clowns.

I think if I was invested here I'd sell up just so I didn't have to read this board ever again.

Honestly I think you're only so annoyed because you want your money out. We have already been waiting a long time, so a bit more time really doesn't make a lot of difference (to me anyway). This RNS changes very little. If you expected it to then I can see why you might be annoyed, but it's not the sale RNS, and so we continue to await the only RNS that matters. Maybe just forget you saw this RNS if that makes you feel any better! lol

I am not familiar with Chaarat Gold, nor do I feel I need to be. I am not invested there. If you are not saying that is what is happening here, then you are admitting that most of your post likely has no relevance.

JM has plenty of warrants left to exercise yes, and no business runs on fresh air, so he may exercise some of them at some point. Honestly it's better that existing warrants are exercised rather than new equity issued, but either is a possibility and hardly the end of the world. Yes, businesses that don't make money occasionally need funding from other sources. Amazing how many people think they're Nostradamus by pointing out such things.

What's left? Oh he doesn't like to lose? Is that it? Weak sauce honestly. Move on to something more of your liking I would suggest. As you say time will tell and I'm comfortable with my position thanks all the same.

I have never considered Calibre a likely buyer. They have their own thing going on, always have. I'm not sure why folks are so fixated on them. There are other fish in the sea though, so to imply all is lost without them is either naive or disengenuous.

"Best post this year"

Crikey. Some of you really do live in an alternative universe don't you. Bizarre. Each to their own I guess. Do keep in mind the usual disclaimer though - past performance is not indicative of future performance. That can work both ways...

You seem to blow a bit hot and cold Surrey. Only a week ago it was "This is going to absolutely fly. I continue to tow the 90p+ line" but today it's "Seriously considering cutting our losses". Perhaps this explains it - "We've got serious money tied up in Condor that frankly I need out over the next 6 weeks."

Well unfortunately for all of us, JM does not work to any of our schedules. Would that he did! That said, I would suggest that nothing has changed on the ground to warrant a significant change in your position, bar you own liquidity requirements.

Plus, on a selfish note, I doubt any of the rest of us look forward to you dumping millions of shares! If there are not ample willing takers, I wonder what your average exit price would be. Probably some way below the current 30p I imagine. Another reason to grin and bear it if you can. Appreciate you may not have a choice in the matter though. Cest la vie.

What I see in practice is that this undervalued-shares guy has something of a pump-and-dump effect. That may well not be his intent or what he does himself, but looking at the evidence it seems to me that new arrivals tend not to stay long.

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.