Member Info for ElectricLion

We don't know that FM didn't buy shares in the recent placing. Aside from the director's contributions, the destinations of the remaining shares were not disclosed.

Some of these posts are getting rather nasty. Debate by all means, but personal attacks say more about those posting them than the target of them.

Anything useful to add yourself Connect1?

I see where you're coming from, but I don't really think we have any paid derampers here TBH. And not that much trader's deramping either really. I do agree that the negativity (sorry, "realism") is well overdone though. Apart from Seingred, who IMO is mostly villified for how he says things, not what he says, we have too many stale LTH's, who, at this point have mostly thrown in the towel, but are none-the-less unwilling to leave entirely. Hence they stick around moaning. They want the SP to go up, but don't sell when it does. They have stuck around for 10 years during the orphan period and a gold bear market, but are still whinging about the time it'll take to get to production from here. They have no plan, short, medium or long, just wistful hindsight and FOMO. I may be a rose-tinted muppet, and maybe I can make more money by day-trading crypto or by going all-in (roll-eyes) on a covid stock (I hold no ill-will towards anyone for their strategy, but one can make millions playing the lottery, if you're lucky - but don't then come on here and tell me you're a master invester if it comes off), but at least I'm here because I want to be, not because I can't leave.

All of the above though is precisely *why* the Lassonde curve is a thing. PIs get bored, whinge a lot and drift away during the orphan period, but risk is not yet sufficiently reduced for IIs to start coming in. I belive we are rapidly ("time is an illusion, lunchtime doubly so" - Douglas Adams) approaching the nadir of that curve though. Can the SP fall further? Of course. But is it good value at the current price? I would say so, yes.

Another thought that occurs to me - the Lassonde curve must factor in a degree of dilution. I appreciate it's just an observation based on patterns displayed by mining companies in the past, not some fundamental law, but consider this - *any* non producer - pretty much the entirety of the Lassonde curve - has to rely on dilution to make ends meet. Perhaps that's also a contributory factor in the downward trend over the orphan period. And then right at the bottom of the orphan period curve - the project financing - more dilution, maybe a lot more. And yet, that is precisely the point at which the curve (finally) begins to trend upwards.

https://kuchling.com/the-lassonde-curve-a-wild-ride/

Experience elsewhere suggests that the lower the total amount, the higher the IRR and the lower the payback period, then the less equity required, as there's less risk for the lender.

https://www.proactiveinvestors.co.uk/companies/news/967253/from-greenfields-exploration-to-financing-a-megaproject-horizonte-minerals-shows-the-way-967253.html

I agree in principle, but... debt-free dividend paying producers don't typically get a huge surge of PIs looking for the next multi-bagger. The market is not efficient. This company is not worth 75% more than it was last week on any sensible analysis of fundamentals. But there is some PI enthusiasm, and one only need look at GGP (still overvalued IMO, but that's another story) to see what that can do.

If you want shares at 7p, you can buy them right now... unless you want so many you can't get an order filled...

Given that it's not been RNS'd, I don't think it's of material importance at this point - it's most likely related to the scenarios in the updated PEA - as a possibility only, not an actual plan. I would expect the intial CapEx requirements to be minimised, and so that means sticking to the one ball mill we already have. I doubt we'll know reasonably concrete initial production numbers until the finance is done.

The formula isn't incorrectly written, and it's not a matter of opinion. It's mathematics, and anyone who says the answer is not 5 is flat wrong. That's all there is to it.

You have to be very careful using a calculator when it comes to BODMAS. You usually enter each step one at a time, rather than the entire equation in one step, and the calculator will therefore calculate each step at a time. But that is incorrect where BODMAS is concerned. The calculater isn't exactly wrong, but it's not a very intuitive UI.

"yourself ... discussed ggp at length here"

This is not true. Suggestions were sought and a single one was offered by myself. That's it.

"In regard to keeping everything cnr related , why ?"

I have already explained this, probably a number of times. Check my post history if you are actually interested.

I do not condone nero's half-wit comment and yes, some blowback was inevitable. It is strange however how you always seem to be at the centre of things. You are acquiring a number of critics. It takes two to tango. Sticking up for himself was how ISA also justified his behaviour recently. The bigger man let's it be.

Anyhow, as I previously alluded to, this board has become rather toxic as far as I'm concerned. I think you have played your part in that. It is not very useful to me in it's present state and so I will take more of a back-seat role going forward I think. I do not need it for my research or for letting off steam, or bragging, or whatever else others find it useful for. The tick-ups on my previous post suggest I am not alone in that. That is the real effect of the off-topic posts, the whinging and the adversarial behaviour that has been displayed by many, including yourself, on here recently. I'm sure you'll cope without me, but you talk about debate being shut down, well that is what has been achieved. Well done.

Good lord. Is this really what I get if I ask for Condor-related debate? How disappointing. Time to take a break from this board I think.

Seingred. Not sure if you're including me in your half-a-dozen who want to intimidate and kill debate or not, since I don't count that many. I would ask you to read frenchie's post, and consider if he doesn't have a point. Debate is fine, but this is the board for Condor Gold, not some generic chit-chat board. Can we orient debate around Condor in some way, would that really be too much to ask?

Gotta say BigDog that while I wouldn't go as far as call you a half-wit, throwing your money in people's faces like that is not going to make you many friends either. There's more to life than financial gain, and if you don't understand that, then you are poor indeed.

- MC's bonus is only if we're sold, correct. A sliding scale between £1 and £1.50 IIRC. Any more dilution, at all really, will probably make that hard to hit. The purchaser will want there to be some value left in the deal for them after all!
- I would consider Calibre to be undervalued at present, with a corresponding undervaluation for any comparisons made against their current valuation, although to be fair at this point they are also probably further ahead of where Condor will be at production start.
- Gold price at time of production may be different to the price it is now. It was starting to look quite weak only a month or two ago, now it looks a bit stronger. It's a devilish game trying to predict the gold price, but inflation is picking up and we know JM is bullish on gold.
- Share prices change, that's what they do - there are peaks and troughs. Whatever fair value you calculate, the SP itself could at points be high relative to that valuation, or low.

Check out book5's posts on ADVFN today. Just the word of one poster about some rumours he allegedly heard, so obviously big pinches of salt involved, but interesting none the less.

I'm bemused and genuinely a little curious why so many are still replying to the trolls and clowns. Just put them in those little green boxes so you can save precious seconds of your life not consuming unecessary and potentially toxic amounts of nonsense.

I'm signing off for the day. Far too much of a pointless emotional reaction by several on here today. On ADVFN too. We're all (well most of us) frustrated by the time it's taking, but some of the posts today are just silly. New week next week. Elections soon, hope they go smoothly, then it's on to the grown-up stuff - finalising plans, construction finance and maybe, just maybe a toll deal. We shall see.

Because they didn't have to? Do you go round your local supermarket and go 'oh, that's a good deal, it's so good in fact that when I get to the checkout, I'll offer to pay 20% more'?! No, of course not.

To somewhat support my previous points re. JM:

"The board of directors of the Company has approved the Placing, with Jim Mellon abstaining from voting."