Member Info for ElectricLion

Agreed. I don't think some posters realise just how much of their own emotions they project onto MC's performances, or the chances of a successful outcome here. The SP was down a couple of pence and gold is off a little (needs to consolidate a bit before going higher IMHO but WTFDIK), and so now MC doesn't sound confident? Nonsense. If gold was blasting over $2000 and CNR was heading for the forties, I'd wager those same posters would be claiming MC sounded very happy indeed, in the exact same interview. Nothing's really changed except there is another interested party to add to the mix. Keep calm and carry on.

They will probably expire (I've never heard of warrrants being extended, perhaps you have, but I'm pretty sure it's never happened before on this stock, so odds-on it won't this time either), and that means very little, and then we can get on with more baseless and pretty pointless speculation about whatever's next! :-)

Zero offence intended Sakura but I find it a little bit amusing that so many people look out for large buys and sells, like they mean something, when a lot of the time, they really don't! Just my sense of humour I guess!

> "what can the LTHs say about where the SP might head if we don't get an RNS this week?"

Who cares? Do you want to sell this week? If not, why worry?

> "a drop below my average"

So what? Shares go down as well as up you know.

"large holders here probably aren't even worrying about the current SP"

No-one can predict the future but doing your own research increases the chances of making the right call. A large holding is not a proxy for anything - knowledge, research, confidence, manliness or anything else.

Funny how these comments only come out when the SP is down and not when it's up though? Such concerns ought to be entirely independant of SP performance. I guess what I'm trying to say is, try not to let the SP control your emotions. Easier said than done I know, but nothing has changed in the last 5 days apart from the SP.

It's a matter of perspective, you are both right in your own way, but failing to see things from the other point of view. Of course short-term sentiment can hit share prices of any company at any time, but production was not affected, money kept flowing into their bank account and as the initial panic faded, the SP recovered, and then some. Arguably the gold price hike came along at just the right time for both Condor and Calibre. Nothing like the commodity you own being at near as damn it an all time high for improving sentiment!

As for Russian involvement, probably not helpful, but they have other things to worry about closer to home, and the Chinese probably don't care either way. The more the dollar is weaponised against those the US deems to have (rightly or wrongly) misbehaved, the more a large portion of the world will look to other assets and countries. Got to be bad for the US and the USD, good for gold in the longer term.

Maybe just don't worry about it too much ddd! What will be, will be.

I think it's safe to say that NOT taking action can't possibly be insider trading, whether that's NOT buying or selling in the market, or NOT exercising options or warrants.

Taking action may be, but don't think anyone here knows for sure. My gut feeling would be that exercising warrants probably isn't allowed, and also that from the FCA's point of view - if it looks like insider trading, and it smells like insider trading, then they'll investigate anyway, and no-one is going to want go through that, even if they're pretty sure of their ground.

On the other hand, why would JM pick up tons of warrants at 15p if he wasn't going to be able to exercise them?

Https://smallcaps.com.au/gold-sector-poised-for-takeover-rush/

It has been clear to me for a little while that it is highly likely that TK wil go ahead, and that as Equanimity says, the market has been under-estimating that probability, and that situation, however it came to be, provides an opportunity. Should TK launch seem at-risk, I would have to reconsider my thesis of course.

What has been much less clear is when. Everyone has their own strategies, but I was, and am, content to wait, given the potential profit on offer. The timing is slowly becoming clearer and the signing of the final umbrella should, in theory, signify the "end of the beginning" of TK launch, with the following steps proceeding steadily one after the other until construction start.

I consider the HAA discount to have been over-done, at least in recent times. I can't speak for the distant past, but he is but a man - his abilty to manage wars, kidnappings and corruption or hold banks and governments to his own timetable is extremely limited. The actual timeline (as opposed to his claims, which he can and should be held acountable for) has not been under his control for some time.

It does seem that things have changed for the better, and those external forces are now pulling in the same direction. The discount, whether you attribute it to HAA or the perceived liklihood of TK launch, should shrink, perhaps quite rapidly, over the next few months. All IMHO but WTFDIK.

Rightly or wrongly, that's how I'd see it. I reckon the RNS signified the end of the selling, for the time being anyway. Going forward, if the same level of buying continues, the SP should respond much more positively now there isn't a large seller.

Same reason JM picked up loads of 15p shares - because he could. And making a lot of money is better than making a bit of money.

In a nod to Seingred's conservative approach I think I was using fully-diluted numbers, but yes, it's a bit more than a quid going by current issued shares. Seems like a lot given our expectations have been anchored so low for so long, but the mid-point seems quite do-able to me, given the other factors unaccounted for in that valuation metric. Certainly seems like it should be a good bit more than the current SP, which is good enough for me.

Just bought another 30K shares. Mid-point of that 3-8% range works out to £1 a share by my maths.

Correct me if I'm wrong, but we still don't know if insiders are able to exercise options or warrants in a closed period. They may be subject to the same rules as trading in the open market. Unless anyone has a clear answer on that, don't be too disappointed if the outstanding warrants/options are not exercised.

Peculiar timing. Hard to see it as a good thing, but the resilency of the SP in the face of RAB reducing has to be a silver lining. Wonder if they will ditch the rest.

https://www.bloomberg.com/news/articles/2023-04-18/de-dollarization-is-happening-at-a-stunning-pace-jen-says

I have mentioned in the past that attempting to value Condor versus other miners, such as Calibre, is, at best, a moving target. The gold price changes, share prices change, circumstances change. Suffice to say, any valuations made in the past using, say, Calibre, as a benchmark should be rerated inline with their current valuation.

Needless to say, lots of variables and differences at play - they are a producer of course - but even so, a near tripling from the sanctions-induced low of last year cannot help but imply good things for us. They may even be rather more relaxed about spending cash/shares on acquisitions themselves than they might have been before...

Sure, sure. Childish too I see. Shame. Filtered.

Bear - this is one of my larger investments, so believe me when I say I'd like it to go as well as you do. However, your rude outbursts are becoming tiresome to me. Completely unecessary and frankly show poor emotional control - a necessity for successful investing long-term. Some of the nay-sayers are tedious I admit, but two wrongs don't make a right, and you're not going to change anyone's mind by swearing at them. Just my 2p.