The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Good find, but, it is 2 years old
ICB888 - For The Nicaraguan Milling Company to go from holding 4% of the company in Sep last year to under 3% must mean that they have disposed of at least 2 million shares. Not quite the insignificant amount you refer to.
RNS goes on to state Randy Marti has sold 267500 shares on behalf of Nicaraguan Milling Company which no longer has a notifiable interest I the company
Again, look at the dates - Up to 31 Dec the company was in advanced discussions with 2. Post period highlights, as of 16th May 20224, company in advanced discussions with 1. Take it from the RNS, that one interested party has withdrawn.
Right……The report only covers until Dec 31 2023. Any rise in gold since is not covered in this report!!!
Assuming there is a deal
If that is the case, the company should be able to provide a further update without breaking any confidentiality agreement? The fact the company posted on X on the 8th Jan “stay tuned for further updates” and then on the 16th Jan stating they were in advanced discussions with 2 producers. Since then nada, and for me as a long term investor, is unacceptable.
Before the local government lose patience with condor and apparent lack of progress? I’m guessing they wont be too pleased to see how long this is taking.
Why laughable? Sorry to burst your bubble, but JM is not the Messiah. I think my valuation of $125m US is more achievable than yours of $225m US.
Unfortunately you are not going to see 90p. I think 50p is a push to be honest.
EL, it depends on the number of Condor shares you hold and the corresponding number of shares you would receive in the new company. I hold a fair amount of condor shares and don't relish having to sell a sh**load of shares of the new company, bearing in mind the subsequent costs involved.
They have tried that and had just about finalised a deal with B2Gold before they sold to Calibre. They were impressed with the 2 samples that they took.
Strange how we have ticked up with the majority of trades being sells and only 16 shares bought. Wondering of there is a large buy order waiting to be filled
Unfortunately the lack of anything from the company is not helping the sp. Too long in my opinion in not providing an update. Treating shareholders with distain, some of which, like myself, have supported the company for 15 years.
Sorry guys it means diddly squat if we haven’t got a buyer. I believe we are well overdue an update on the sales process . I.e how many NDA’s are still in place, how many non binding offers have we had to date and when we can expect an end to the sales process. We have been left in the dark for too long.
What makes you think that Simms?
We will have to except some profit taking. Those who took shares in the offering at 15p are looking at 100% profit now on those shares taken up.
I completed a request to Bed and ISA 20K worth yesterday with Halifax, but it still hasn’t transferred. Just contacted them and they have a 3 day backlog!.
The swap was purely within Nicaragua. See the RNS dated 22 Feb 2011