focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
Be interested to know when people are expecting the update on testing to come? As I understand things this will likely be the significant event that will drive the share to new highs (or lows!). The update on 5th was great to hear - but got the impression news may still be some time away.
RESOLUTIONS
1. To receive and consider the accounts of the Company for the financial period ended 30 June
2023, together with the reports of the Directors of the Company (the “Board”) and the auditor of
the Company on those accounts.
2. To re-appoint PKF Littlejohn LLP as auditor of the Company, to hold office until the conclusion of
the next Annual General Meeting and to authorise the Board, through the Audit Committee, to fix
its remuneration.
3. To re-elect Ms Sarah Cope, who is retiring by rotation, as a Director of the Company
4. To re-elect Mr Nigel Friend, who is retiring by rotation, as a Director of the Company.
5. That the Directors be and are hereby generally and unconditionally authorised to exercise all the
powers of the Company to allot up to 315,000,000 equity shares in the Company (representing
approximately one-third of the issued share capital) for cash or to grant rights to subscribe for, or
to convert any securities into, shares in the Company as if Article 3.2 of the Company’s articles
of association did not apply, provided that such authority shall expire (unless previously
renewed, varied or revoked) on thedate of the next Annual General Meeting of the Company
save that the Company may before the expiry of such period make an offer or agreement which
would or might require rights to subscribe for or to convert any securities into shares to be granted
or equity securities to be allotted after such authority expires and the Directors of the Company
may allot equity securities or grant such rights under any such offer or agreement as if this
authority had not expired.
This resolution revokes and replaces all unexercised authorities previously granted to the
Directors before the date of the AGM to allot shares in the Company but without prejudice to any
allotment of shares or grant of rights already made, offered or agreed to be made pursuant to
such authorities.
Dated: 14 November 2023
Just wondering - but what's to stop the can being kicked for another 12 months, a further raise required to cover the loan note (sitting at 17% interest) and an management buyout as a result of inevitable raising of more shares to cover the payments to JM?
I've been a long time fan of CNR but we've played this "for sale"/"to production" card many times and yet we've never actually seen an offer. Calibre would obviously be the best bet to take us out, but they haven't so far so why would they now? Just because we've run out of money and sensible ways to fund the next stages? Happy to be schooled on this - but its what I'm wondering and is currently stopping me adding more money at this low price.
Does anyone think the recent issues with the Turkish currency and economic situation could be causing an impact behind the scenes. The value of the Turkish lira has dropped by a third since the JV was announced in Feb which makes the project considerably more expensive now than it would have been. Admittedly it’s still peanuts, but perhaps it impacts the appetite a little if there are bigger crisis to deal with at home.
And I’m also in technology developing software for automation and control systems… so I guess we’ll have to agree to disagree with blockchain. At least we can hopefully agree CNR looks like a good bet, provided the elections don’t create too much chaos and if we can ever get that last 4% of land.
I worry about what the final dilution will look like, I’ve heard it all about gold loans,banks etc but let’s face it - it won’t be cheap or pain free whatever way it is funded. Hence why I’m hoping to take the money if it’s offered.
EL: I’m not a big fan of reading everyone’s crypto plays on this board. But your post is plain wrong and shows no understating of blockchain technology, or how it can be used in the future. Not everything is bitcoin!
As for condor. I was a little underwhelmed with the latest news, I’m a long long condor follower and have a sizeable holding here but hoping we’ll get taken out soon for £1 or more. I fear we won’t and will probably hold longer because I need closure on this share.
I'm a long term holder and have a large part of my investments here. The recent news has been good, but I can't see how without either fixing the land / production status we will see any uplift in value. Mark must be disappointed with the lack of interest to the much heralded '6 weeks of news', I wonder if thoughts are turning to a management buyout or some similar swift exit? I cant see how with elections looming and the eventual need to raise more money we will see 50p again any time soon. All next steps will require a raise - the market does not like CNR and I cant see what can be done in the next 18 months to change this (unless we really think a toll deal or getting the land issue resolved is possible..)
MAJW & cheapie - thanks for the replies.
I’m happy with the timing and AAZ is the reason I’m here now. Does Mr conroy have any track record in returning shareholder value? Maybe money would be better placed in AAZ.
What keep you invested here?
Hi, Wondering what peoples views were on Prof Conroy & team with respect to shareholder interests. Have been doing a little research and those over at Karelian (KDR) with whom Conroy and team are also associated have been complaining about lack of progress and question shareholder vs BOD interests.
Firstly is there a link between the 2 companies - not yet read up on the company structure?
I'm very happy with the AAZ tie up here and hopefully lots to look forward to, so have a reasonable holding already. However directors lining their pockets (all be it based on a cursory glance at progress at KDR) does worry me slightly and therefore I wonder what dilution may look like in future and when we will see reasonable returns for investors. Any more experienced CGNRs able to share some knowledge and opinion on this? Thanks
Been in condor gold for years. Found most shares I’m in now have very active telegram channels but didn’t find one for condor so have setup one... feel free to join and discuss things there too! https://t.me/condorgold
Been in condor gold for years. Found most shares I’m in now have very active telegram channels but didn’t find one for condor so have setup one... feel free to join and discuss things there too! https://t.me/condorgold
Well like many I was half hoping that there may have been something in the Calibre / Condor toll mining speculation- what with the presentation today and the common market updates.
Seems like maybe we will need to wait just that little bit longer... again.
I really hope we don’t miss out on this gold window- I fear we’ll be getting the mine finance in place as we see a retrace of the gold price. I can’t see it being + $2000/oz for many years ahead of us. Happy to be wrong though.
Good news on the signs and control of the site land though...
So we're going to get a resource update in April - good. Will this also include the PFS which was due Q1 this year (if I'm understanding correctly). Haven't had as much time to follow this share as I'd like but wondering what others opinions are on the anticipated next steps. The negative news and rumors don't help but hoping some other shares come good this year to allow me to start feeding into this one. Delays and missed timelines do worry me though, especially at this stage. Funding will be required at some-point and I as many others would like to time it correctly! Thoughts welcome