Member Info for ElectricLion

The SP is just treading water between 0.7 and 0.8. Buying is being sold into. Selling is being bought into. "The market" doesn't know any more than we do. No indication that any real news, good or bad, has been leaked so far. I'm content to watch and wait. Others may not be, and that's fine.

IMV, a placing won't happen before TK unless it is absolutely necessary, and I would expect it to be small if it does happen. OTOH, despite the understandable frustration at the wait, once TK is signed-off, the SP rise should be considerable, and so the risk-reward is very much in favour of sitting on your hands (or buying more if you still have dry powder).

Beating yourself up (and then moaning about it) because you could have made more in something else while you waited is literally self-defeating. Hindsight is 20:20 and the grass is always greener.

Perhaps I am in a minority these days, but I find petty insults and empty threats demean and undermine those who use them, whatever the merits of their arguments happen to be. That applies to both/all sides of any debate.

People love to blame someone else when something bad happens. That's how all conspiracy theories come about - it is far easier to believe in order, rather than chaos, even if that order is malevolent. As someone with a degree in psychology (I doubt it), you should know this MidasMac (hummm, MidasMac... MM... Market Maker! Coincidence? I think not!).

This board has had a weird vibe for a long time. Self-appointed cult leaders and their flock. A bit of an echo-chamber frankly. Suffice to say, it's rarely a bad move to think for yourself. You may not get as many recommendations, but you'll be a better person for it, and you may even make more money!

2 identical size trades, at exactly the same price... suggests a transfer of some sort?

PAUL1DEANO - Yes, Jim Mellon is majority shareholder in Condor Gold, and he is involved with Master Investor, although I'm not sure in what capacity.

Go drunk. You're home.

Harry hasn't been in charge of the timetable for a while. The reality is we are a £28m company seeking $320m in funding. To do that without being diluted out of existence is an impressive achievement, to say the least (assuming it does in fact come to pass), but it does mean that those putting the money in are in charge for the time being.

That said, beyond a bit (some would say 'even'!) longer to wait, I heard nothing negative. The security situation is all but resolved (touch wood), and there's really just paperwork and lawyers between us and the money. Given the (hopefully) very significant impact on the share price when it does happen, I can wait a couple more months if needs be.

(Much) stronger than expected US jobs report, so inflation is still a thing, so interest rates may have further to rise, so gold (which yields nothing) goes down. Probably killed off gold's short-term momentum, but longer term, still looks bullish to me. A bit of consolidation wouldn't hurt TBH, to gain strength for next rise past $2000/oz, but WTFDIK. DYOR, etc.

"...indicates, to me at least, offers are near to non existent or at best too low to be serious..."

So... sell and move on?

"...the cost of putting the project up for sale..."

I would hope for a "no win, no fee" arrangement. A percentage of the sale proceeds would be motivating I would have thought.

"...he talked to some Crypto outfit about funding..."

Where was this mentioned? No harm in checking out the available options, doesn't necessarily imply much to me.

Again, a lot of speculation from next to no actual information.

ddd - I appreciate all the work you've put in to trying to work out whats going on - timelines, sale price, distribution of funds, etc. You've put a lot of work into it all, and we all appreciate your efforts.

However, I think there is a danger in trying to extrapolate too much from too little information. We all desperately want to know what's going on of course, but we have so little concrete information to go on that just about *any* prediction could be well wide of the mark. Sometimes I feel it's better just to admit that "we don't know" rather than gaining a false sense of confidence from trying to predict things that are nigh-on impossible to accurately predict. Just my 2p.

There will be NDAs on top of NDAs. Not suprised he can't say anything. Doubt you can read much into that, positive or negative, apart from that some conversations must be ongoing, so there must be some interest of some kind.

Current MCap != takeover price. You couldn't *buy* SHG for $150m, could you?

Some folks are just not cut out for investing, or possibly, much else in life frankly. We all get a different hands of cards dealt to us, but a bad attitude is hard to overcome.

Filter those with nothing to say IMO nero. No issues with differing opinions, but some are just all noise and no signal.

Agreed Simms. The nonsense in the Ethiopian press about the TK license being pulled, not helped by some accomplices/useful idiots on this board, stunk to high heaven. Goodbye and good riddance Tekele. You will not be missed.

Back to gold for a moment - doesn't seem to be much stopping it from going over $2000/oz again in a relatively near future. It's done that twice in the past, and then come back down. Will be very interesting to see whether it stalls a a bit over 2000 again, or whether it keeps going...

Crypto has been bouncing off lows. Whether there's any more to it remains to be seen. It's a volatile tech play in my book, until and unless that corrrelation is broken, and I have a decent amount of exposure to tech already via equity-based compensation from my NASDAQ-listed employer. I'm not sure how tech will fair for a while, so there's also a question-mark over crypto's recovery for me. Some of your past crypto comments haven't fared that well in retrospect, so maybe resist from throwing stones in a glass house.

You always seem to be trying to pick a fight Seingred, but I have little interest in one. I've always said I'm here for sale or production, whichever comes first. Production probably sees the highest return long-term (Lassonde Curve), but at the cost of time, dilution and risk. Nothing suprising there for anybody, so anyone who acts suprised since they haven't considered the alternative outcome deserves to be called out.

Bear in mind that the mill was supposedly a 'long-lead' item such that, if things had turned out differently, obtaining it in advance should have reduced the total time until production. That's not how things have turned out, but that doesn't make MC wrong for making the attempt. It was also part-paid for in shares at 50p - not such a bad deal in hindsight.

Erm, while there are valid criticisms, if you've not noticed that MC's background is in finance, and not mining, and that he has always wanted to sell, then that's on you. DYOR.