Member Info for frenchie38

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.

Correction: Should have read Nicaraguan MILLING co.

Looks like Randy and Nicaraguan Mining co. have reduced their holdings from 9.8 to 8.6%. Wasn't expecting that?

I would not be happy for a £1.20 take out. I would want at least double that for potential of 5M oz, and I am sure our directors would not be happy. Saying that I would love to see a bid in that region come in and be turned down; it would do wonders for our SP!

I said less warrants as feel there has to be some Incentive and reward for Employees and directors.

Someone posted the other day regarding vetting of those taking up placing s which to me seems a sensible option, however I posted a few weeks back that the 15 million missing shares could have been taken by the mm’s or fund holders and thus the reason why no RNS has appeared. I don’t understand why the shares are not offered to the private investors, at the same price paid by staff and directors, less the warrants. I have bought shares under open offer before whereby you are offered to buy an amount of shares based on your holdings i.e. 1 new share for every 5 shares held with a further option to buy any left open excess shares. Although the price would have dropped to the offer price, I am sure it would have recommenced its upward movement by now with the majority of the private investors holding the newly listed shares. Thoughts?

The placing was done at 36.5p therefore the current bid is lower than the placing price?

Having the bid lower than the recent placing Isn’t going to encourage sellers. The price needs to go up if the mm’s want shares. Strange how the 300k shares purchased yesterday had no Impact on the sp this morning?