Member Info for ElectricLion

Yesterday was a good day for metals and miners generally. Whether it lasts or not is anybody's guess, but it makes a nice change doesn't it!

ISA - http://www.condorgold.com/investors/share-info

Before the SP halved, it doubled. Maybe you weren't around for that, too bad, but that's your fault, not RPs.

I think you're not trust-worthy. Nothing personal, but you quite clearly have an agenda yourself. I'd bet a small amount that this isn't your only account either.

I think a lack of liquidity on the sell side doesn't necessarily mean that "someone is still keen to unload shares". What it really means is that the MMs have too much stock, which is not quite the same thing. They manage risk for a living - they don't want too much stock, anybody's stock, on their books at any one time, so they make it hard for you to sell at the price you'd like. That stock could be coming from large sellers here and now, but could also have been built up during the fall from 30p, which I think is more likely. I do agree though that those excess shares on the MMs books will need to be shifted to buyers before the MMs will increase the price.

As has been posted on here a couple of times today, the actual sanctions as we know them today, are nothing like as far ranging as that - they are very, very specifically targeted at the Ortega administration, and the state mining company they effectively own. That may change of course, but based on what we know today, apart from the sentiment and corresponding SP hit, there's no indication that CNR will be directly affected. When all is said and done, CNR is a UK company, not a Nicaraguan one, let alone one owned by the Nic government. Won't stop us being hit by shrapnel if we don't keep our heads down, but we are not the target.

They must have a much greater percentage of shares held by Americans and Canadians than CNR as well. Which may go some way towards explaining why they're down a further 30% today. Ouch! Hopefully we don't have another big down day tomorrow. Fingers crossed.

https://www.reuters.com/markets/europe/bear-market-blues-diagnosis-our-times-2022-10-25/

Worth reading on a day like this. Don't forget - if it all gets too much, get up, go for a walk, talk to a loved one, make a hot drink. Look after yourself.

Rio Tinto is Anglo-Australian, FWIW. Also not convinced of the logic that says a Chinese approach must be a low-ball one.

Price perking up just a touch. Be interesting to see how Calibre's SP fares today.

I don't have much of a stash of cash unfortunately, but I agree - be greedy when others are fearful...

Agreed Simms. Ortega has unfortunately been a dick for some time, and sanctions are nothing new. As said before, but bears repeating, these sanctions do not directly affect Condor, or Calibre for that matter. Just part of the existing picture. This will not come as a suprise to any majors doing due diligence - part of due diligence is anticipating what may happen in the future, and new sanctions, as Seingred keeps telling us, were not unexpected. Changes nothing as far as the possibility for a takeover or JV IMHO. Doubt it makes that much difference to financing either TBH - the inflationary/recessionary environment are far bigger concerns if you ask me, but then those concerns are hardly limited to Nicaragua.

No-one knows, bullsbears. Lot's of guesswork, but no-one knows. Probably when you least expect it! lol

This Calibre discussion board is worth a glance every now and then: https://stockhouse.com/companies/bullboard/t.cxb/calibre-mining-corp?page=1

This post particularly relevent: https://stockhouse.com/companies/bullboard/t.cxb/calibre-mining-corp?postid=35044792

Is that real gold? I know that's what it looks like but I'm not a geologist - there are lot's of things that look a bit like gold. But if it is, then... wow!

Well obviously that depends on the price. I think what you really mean is that we wouldn't get the price we would like at the current time, which may or may not be true. Crucially though, I think there's very little chance of MC and JM agreeing to sell at a price which most of us wouldn't be quite happy with. Due to the number of shares they hold, I reckon a hostile takeover attempt would be an up-hill battle to get the votes, and I don't think there are many hostile takovers compared to friendly ones anyway - too many potential stumbling blocks - just look at Elon Musk and Twitter! So I think we can effectively rule out a low-ball takeover. Just can't see it happening, and all the more so now JM is chairman.

So if we rule out a low-ball takeover, the question really becomes will there be a takeover or not? My feeling is that majors are not looking at the here and now - they're more interested in the future. These companies have been around many decades and plan to be around for many decades to come, and for that, you need a bit of foresight and forward planning. Yes the gold price is down right now, yes miner share prices are in the crapper, and yes some other miners are already producing. But precisely none of those factors may be at all relevent in just two short years - years that may seem like a long time in some ways to us PIs, but also in many ways, will fly past, for us personally, and certainly for a major that understands very well just how long it can take to discover and develop a viable resource. And then after those two years have passed what they're left with is a multi-million oz deposit, that is hugely profitable at the current gold price, never mind if the long-hoped for higher gold prices materialise.

To make a good deal, both sides need to benefit. Pay a fair price now without trying to pinch pennies or screw anyone over, and in return you get a money machine that'll last decades. Everyone wins.

...however you'd better have something better to say than entitled whinging, or you can expect short shrift, and rightly so. Just sayin'.

Correct - the main finance for construction is still to come. Likely to be mostly debt but there will be an equity component as well. The CEO Mark Child is a significant shareholder, and so is motivated to keep dilution to a minimum.

There are many possibilities, but it's hard to say which ones will actually occur.

A JV or total buyout is possible. Rio Tinto are involved with another gold company close by, and we bought some equipment from First Majestic paid for in part with CNR shares at 50p, so we are on the radar of both of those companies at the very least.

I don't think anyone can really guess at JMs intentions, though he has been supportive of the project for many years and this latest RNS indicates he will have a larger role going forward, whatever that may actually mean in practice.

You may well have called it right Watcher36, but there are no sure things. It would be a lot easier if there were. I've seen many PIs sell out of positions (not just here) in frustration to look for faster money elsewhere. Some were badly burnt, all the more so if they put more in than they could afford to lose. Position sizing is key.

Personally, the 8's seem like a buying level to me, or holding, if you have plenty already, so in answer to your question, that's what I'd do. A few weeks means little to me and a higher price than this before the year ends seems highly likely, one way or another. That'll do for me. Everyone's situation is different though, so you must do what's right for you. Good luck either way.

There's a lot of noobs on here to be frank. Buying high, selling low. Frustrated that they haven't got the ten-bagger they feel they're entitled to by teatime. Gamblers, rampers and the occasional deramper too. It's the sort of stock that attracts them.

None-the-less, while I can't predict the future, buying when no-one else is (like now for instance) then derisking when everyone else is looking up the prices of the sports car they're going to buy with their "winnings", while keeping a small amount in for a shot at the multi-bagger that could come from good drilling results, seems like a solid strategy to me.

CleverThoughts - a minor point in the grand scheme of things, but your continued use of "The Weasel" is getting on my nerves. You can express exactly the same sentiments without unimaginative and pointless insults.