Member Info for ElectricLion

Beats me why you haven't sold Seingred. Or have you? Just a bit strange to post so much on a share you don't rate, and have so little respect for the LTHs.

See title...

Snap. I'm a senior software engineer for a US tech company. I won't say which! I wonder if tech folks are actually more cynical of crypto than average. Interesting thought.

PS. I don't give a damn if you can make money on it. You can make money playing the lottery, if you're lucky, or by scamming little old ladies out of their life savings, or by enticing others to join a pyramid scheme, of one sort or another. But none of those things is a part of my personal investment strategy. Filter me if you don't like my posts. Time I did a bit more of that myself. This is the Condor board after all, in case people have forgotten.

- It's not my post, I merely quoted it. Take it up with the author.
- I personally don't have (as big) an issue with Bitcoin, or Ethereum, or any of the relativly established crypto options out there, and blockchain itself is an interesting technology (nothing more) but the ****coins that have been promoted on here recently definately fall into the pyrimid scheme bucket.

https://gist.github.com/joepie91/daa93b9686f554ac7097158383b97838

"The trick lies in encouraging people to buy a cryptocurrency. Whoever is telling you that their favourite cryptocurrency is the real deal, the solution to all problems, probably is holding quite a bit of that currency, and is waiting for it to appreciate in value so that they can 'cash out' and turn a profit. The way to make that value appreciation happen, is by trying to convince people like you to 'invest' or 'get in' on it. If you buy the cryptocurrency, that will drive up the price. If a lot of people buy the cryptocurrency, that will drive up the price a lot.

The more hype you can create for a cryptocurrency, the more profit potential there is in it, because more people will 'buy in' and drive up the price before you cash out. This is why there are flashy websites for cryptocurrencies promising the world and revolutionary technology, this is why people on Twitter follow you around incessantly spamming your replies with their favourite cryptocurrency, this is why people take out billboards to advertise the currency. It's a pump-and-dump stock.

This is also the reason why proponents of cryptocurrencies are always so mysterious about how it works, invoking jargon and telling you how much complicated work 'the team' has done on it. The goal is to make you believe that 'there must be something to it' for long enough that you will buy in and they can sell off. By the time you figure out it was all just smoke and mirrors, they're long gone with their profits.

And then the only choice to recoup your investment is for you to hype it up and try to replicate the rise in value. Like a pyramid scheme."

Some of yesterday's posts touched on this subject, but perhaps didn't state it explicitly, which is essentially - what is the fundamental purpose of this PEA, if it is not what we are currently planning on actually doing? Some of the updated numbers are nice - perhaps give more confidence to banks and other institutions that may be involved in providing constructions funds. But the scenarios don't match the current plan, as we understand it, and in particular don't dovetail that well with the mill we've already bought and are preparing to install. It has to be a delibarate choice - these things cost time and money to prepare, and it's a waste if it's not particularly relevent. The more I think about it, the more it seems like it has to be advertisment aimed at a larger company, perhaps even essentially *requested* by a larger company...

Not mine, sorry if I gave that impression! Shows that someone saw and liked the news though.

I'm inclined to agree, and perhaps go one step further - this study almost seems designed to appeal to a larger company. Not so long ago, MC was mooting the possibility of a small, low-cost mill to keep CapEx down (50k oz pa for $50m, or something around there as I recall). These numbers are all rather bigger than that! I think the thing to bear in mind is that these are "scenarios", not an actual decision or plan. So as far as I'm concerned, we're still waiting to decide what we're actually going to do.

Accordingly, it's impossible to give any real estimate for total number of shares I think. By all means come up with scenarios, which can be worked through in a logical manner to arrive at a final number, but unless you can say which scenario will actually take place, any estimate could be very wide of the mark. Also note that cost estimates have a 40-50% error bars on them (!), which alone blows any serious attempt at dilution estimation out of the water.

100K shares bought.

Higher AISC (you must have a crystal ball Seingred!), higher CapEx, but much higher production rates... what does it all mean? Is that definately what we're doing now? Where does the SAG mill that we already have fit into this? I guess there'll be another one running in tandem? I'm not suprised there haven't been many trades - I for one will need some time to figure all this out!

What caused PUR's AISCs to increase?

If they are used merely to censor views you don't agree with, then yes I'd agree. But the problem with the Internet generally is not a lack of information - it's a surfeit of noise. I use filters to tune out some of the noise. I'm interested in all relevent, constructive input, positive or negative. But I don't have time to process an endless stream of irrelevent, and often downright rude, guff. No one does.

It just so happens that a lot of the guff is generated by those with negative opinions, but I filter the guff, not the negativity.

Large existing producers plan for the future. They know that turning a new discovery into a producing mine takes 10-15 years, and that sizes of newly discovered deposits are falling. A couple of years here or there is nothing to them. They need to work out where their next decade of production is coming from.

When Rio got involved with Calibre, I expected that to be the beginning of a big push into Nicaragua which would end with them buying and consolidating *all* of the Nic gold resources and production. Never mind toll deals or mergers between piddly little companies like Calibre, Condor and Mako, imagine the opportunity available for a major to corner all the gold resources and production in Nic, discovered and undiscovered. I'm suprised it hasn't happened yet. I'm still waiting to find out exactly what Rio's plans are. But if Rio aren't interested, FM may be.

Some may say the politics may be putting them off, but I doubt that's the case. Major gold miners have been working in significantly more dodgy jurisdictions than Nic for hundreds of years. They're used to dealing with risk and politics. At the end of the day, they need to go where the gold is, unless it's physically impossible to operate there.

The toll deal has either been agreed in principle for ages, and we're just waiting for some pre-requisites to be met before announcing it, or it's been dead for ages. It's hard to believe that negotiations are still taking place. Both sides would surely be sick of the debate by now. Personally, I think that Calibre probably demanded more than their fair share. They are the ones in a position of strength, but Condor is not desperate, and we already know that JM isn't keen to give away profit when we can have it all for ourselves in a couple of years. Still, a fair deal would have still benefited both companies. Calibre may think they don't need Condor as a potential competitor, but it must also be clear by now that Condor aren't going to go bust, or allow themselves to be taken over on the cheap, and so what's to lost by a bit of mutual profit? I'm rambling now. I rather doubt a toll deal will materialise at this late stage, but you never know.

As regards this appointment, it shows Condor want to be serious players. 750k options is a good chunk, with more to come annually, but to get talent, sometimes you have to entice them (and our cash on hand is limited). This guy's pedigree speaks for itself. The right guy for the right job. Bit of a coup for MC in my eyes.

All I see are green boxes.

UTs are not generally indicative of the real price. It made it look like a good rise yesterday, but it makes it look like a fall today. The real price hasn't changed much.

https://www.nasdaq.com/articles/4-real-risks-of-investing-and-what-to-do-about-them-2021-08-10

Gold is looking weak, so most gold explorers and miners are too. This particular drop is mostly a sector issue, not a Condor one.

Fingers crossed Gold bottoms around here. Some technical analysts think so: https://twitter.com/NorthstarCharts/status/1425093191276113926

The time to buy is when there's blood in the streets, even if some of the blood is your own.

Calibre are valued North of £300m. CNR are South of £60m. If we were already the same size, or close to being there, the MCaps would be closer also. Therein lies the opportunity.

I haven't the time or energy to debate this with you endlessly. I am content with my choices. Good luck with yours.