Member Info for frenchie38

@ Foreman, 91% of 1000 hectares secured, therefore 9 hectares remain, around 220 acres.

For Ricky, please read Randy, Doh!

On 26th Jul 19 the Nicaragua Milling Company (NMC) took-up a placement of 9,842,520 shares each of which had a one third of one share purchase warrant, as outlined in the RNS on the 8th Jul 19. In the RNS dated 6th Aug 20, the 9,842,520 were split , 5,000,000 to NMC and 4,842,520 to Ricky Martin (R.M). 4,842,520 shares has 1,614,173 share warrants entitlement. The RNS on the 1st Sep announced R.M had sold 540,000 shares and today the RNS announced he has sold a further 1,090,000 shares, a total of 1,630,000. This is a very similar amount to the warrants Ricky will be able to convert to shares at a future date. In my opinion, In my opinion, Ricky has reduced his holdings by a similar number to what he can re-purchase with the warrants, and don’t think it is anything more sinister than that. I am hoping that is all it is and we should see the share price move northwards again.

Yet the SP does nothng? Very strange; there has to be a seller in the background.

You wouldn't get $245 for resources. Only reserves.

Some chunky trades showing up after the bell.

I have no doubt that if the right offer came in, of course it would have to be considered, however the valuation of the company would have gone up considerably since 2015, irrespective of the share price as we stand.

The sale of Condor Gold PLC was an option being considered in Sep 2005 as part of a strategic review because of a falling gold price and the perceived issues raising equity to progress to building the mine. Taken from the RNS on 4th Sep 2015:
“The lack of appetite for equity financing in the junior gold exploration sector. The Board has concluded that the equity required for the construction of a mine at La India Project, given the upfront capital cost of between US$110M and US$169M estimated in the PFS and PEAs would prove significantly dilutive to existing shareholders. Furthermore, there is no guarantee that either equity or debt financing for the construction of the mine and associated infrastructure can be secured on satisfactory terms. The Board's view is that the completion of a Definitive Feasibility Study ("DFS"), while adding value to the Project, would be unlikely to be fully recognised in the share price and in any case, in the event that the strategic review results in an eventual sale of the Company's business or assets or of the Company itself, the DFS would be substantially reviewed by any acquirer. Condor will continue with its strategy of de-risking the La India Project by applying for an EIA Permit and securing the rural land, while continuing to show the upside of the Project through a soil survey programme, a detailed structural geology study and completing an enterprise optimisation study on the reserves and resources in the PFS and PEAs.
One of the options being considered would be a possible offer for the Company. Another option is for a joint venture or sale of one or more of the Company's assets, including the independent mineral resource estimate in El Salvador of 13.1M tonnes at 2.6g/t containing 1.1M oz gold equivalent.”
The formal sale process ended some 4 months later due to a substantial drop in our share price because of a negative market sentiment towards junior gold exploration companies and the natural resource sector in general at that time.
Things have moved on considerably from those days with a gold bull market and the possibilities of a revenue stream from the open pits, to progress to building the mine.

I would class the granting of permits extremely juicy!

Large sell of 196K shares from this morning. Explains why we are down today despite a fair few buys.

Could say the same about you Tester ;)

I guess Norville thinks he should be giving his time for free.

https://www.proactiveinvestors.co.uk/companies/news/926684/condor-gold-on-track-for-production-at-la-india-926684.html

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.