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The government want jobs. They will issue compulsory purchase orders and they may get less than they are holding out for. My guess they will sell fairly quickly.
Its worth mentioning that prior to B2G selling out to Calibre (although they do retain a stake), they took 2 X 23Kg samples, selected independently from La India and were tested at El Limon and La Libertad Mines and gave exceptional results of 95.4% gold recovery at 12.1 g/t gold average head grade. No wonder B2G were about to sign a toll agreement! Calibre be fully aware of the results, and I reckon its just a matter of crossing the T's and dotting the i's on the contract before it is announced to the market. It's a win win for both parties.
Hi Tester, Mark did allude to perhaps placing shares on the TSX as we move into the construction phase. I still feel we missed a trick on the last placing when we could have placed then. He has his reasons and I'm happy to except that. He mentioned having a presence on the TSX is enough for the time being.
Geovanni, I agree. The final question re the TSX was mine and was quoted verbatim.
hear not here!
Condorquestion, you will probably hear that a toll agreement is still being discussed but you will not here that an agreement has been reached, as that is price sensitive information and would have to come via an RNS. The fact that it is discussed in all Marks recent presentations tends to suggest it is still very much an option.
Gold just dropped below 2000 but don’t think it will be long before it returns and continues northwards.
Harry, the point of an RNS is not really for PR. It is more to do with releasing price sensitive information, be it positive or negative. RNS are released via the London Stock Market and not a PR team. The idea is that all share holders get the chance to see the information and have equal opportunity to buy or sell shares based on that news. The PR aspect is conducted by Mark himself at the numerous Roadshows and seminars he attends and also the job of our broker, SP Angel Corporate Finance LLP. You can register with the London Stock Market and have the RNS delivered to your email address. Hope that helps.
No, that’s not correct Simms45. The restrictions in Canada is related to Canada TSX rule in that the shares could not be sold In Canada within 4 months of admission to the AIM, but they can be sold on either market.
Actually was the 9th, but announced to the market on the 10th
And the director purchase was the 10th Jul, which fits perfectly also? Mmmmm
Additionally, don't look at share price, its not an indication of company worth. Look at Market Cap. i.e there are a lot more shares now than back in 2016!
Exercise of warrants for £80K
NM
Calibre are reluctant to enter in a toll agreement with Condor for one reason and that is they do not want or share price to rocket if they have an eye on M&A activity further down the line as mentioned in the video posted by Geovanni. The danger for them is another company come in and start negotiations underneath their noses.
The reason why MC put a temporary halt to drilling (and it is only temporary) was that when announcing to the market the results of the drilling, it was not reflected in the SP. Hence Mark has opted to spend money on the land and hopefully the rig. He has always stated he will do what he can to offer shareholder value. He is certain he is sitting on a minimum 5M district and will no doubt be looking to prove that over the coming months/year.
https://www.lse.co.uk/rns/CNR/condor-receives-permit-for-america-open-pit-67ji3rp9p2p8brx.html
Always one, it wasn’t you that bought the 1 share was it!
OK, think I have got to the bottom of it. NMC and Randy subscribed to a total of 9842520 shares in the placing last year as detailed in the RNS dated 8th Jul. The holdings remain the same now therefore all that has happened is Randy has sold off the shares he got through the warrants last month, nothing more. NMC have not reduced their holdings.
I still think it is strange that after buying approx 2.4M shares in the recent placing at a price 36.5p and just over a month later they sell approx 1.4M of those shares for no more than £35k of profit. I guess there is the warrants to consider, which gives them the rights to 1.2M shares at 40p for 3 years, but 50% are subject to an accelerated exercise period if the closing mid-market price of the ordinary shares on AIM is more than 55p for 10 consecutive trading days, which could be next few weeks.
I was convinced Randy would have been offering his advice and guidance to Mark on the purchase of the 2nd hand mill. Why would he sell now, if he was aware the purchase was going to go through and the impact it would have on the share price? Hopefully Mark knows why he has reduced his and the NMC holdings.