Member Info for frenchie38

Please stop with the pure gue

Https://youtu.be/J7wKvCC2XgI?si=W84CSGLpbKsNqeMO

Https://youtu.be/J7wKvCC2XgI?si=W84CSGLpbKsNqeMO

Well said

See you on the other side.

I would urge holders to think twice before panicking and selling up. Stop, think carefully before jumping. I totally agree this is not the outcome we expected however all is not lost. It is going to take a little longer than we anticipated but the value is still locked in La India. MTL have a revenue stream and If they do prove up a bigger district, not withstanding the CVR, it should be reflected in their SP. As a holder of north of 700k shares, I would have liked to have the money now, but it is what it is. Who knows, I might end up with a bigger payday in a couple of years. I am considering reinvesting the £70k cash payment back into MTL. I invested not because it was Condor, but the potential of the concessions held. They are still there, with a new company at the helm. My one concern is the geopolitical risk. Stay calm and think hard before taking any action you will regret further down the line. GLA.

I find it incredible that Calibre have not made a higher bid. In the country already, it would have been easy money for them. Words escape me. Been here since 2009 to see an exit price of 1.5p old money... disgusting

As I guessed a few days ago, Jim has his place on the board.

JDJ2 and Icecream99, according to the last RNS, MTL will be obliged to conduct more exploration, and will be monitored by an independent CVR rep.

“ over the five-year period following the earlier of (i) the first date upon which a suitable drilling rig to carry out certain agreed work commitments has been mobilised to the La India Project (as agreed with an independent CVR representative)”

I would like to know what the agreed work commitments are. Don’t get me wrong, I hate the idea of a CVR and would rather see a share/cash equal to 44p, although I still think its way too cheap when you look at the expenditure we have made over the last decade.

Unfortunately Simms, I don't share your enthusiasm or your optimism

Announcement made earlier by metals exploration plc.....

... And confirms it continues to be in discussions with that company.

It's Metals being referred to

Disagree. JM has given up.on the low ball offers from Calibre and will still have skin in the game, and a place on their board

Electric, I was thinking the same. Trying to look on the bright side. MC has been saying for years there is potential for this to be a much larger gold district. Perhaps metals can push on now with a drilling campaign and prove up.more resources, which would be reflected in their sp.

Well time is running short for any further bid to materialize. 2 years waiting and we are now down to just over 48 hours before it's a done deal. What's the betting JM ends up on the board of Metals?

The fact we are picking through the possible suitors RNS to obtain detail is disgusting. The silence from our company is deafening.

From the RNS:

“ VANCOUVER, British Columbia, Dec. 2, 2024 - Calibre Mining Corp (TSX: CXB; OTCQX: CXBMF) (the "Company" or "Calibre") notes yesterday's announcement by Condor Gold plc ("Condor") and confirms that it does not intend to make an offer for Condor.”

Simms, Calibre have announced they will not be tabling an offer : https://www.londonstockexchange.com/news-article/market-news/intention-not-to-make-an-offer/16789480

Thinking back, it was mentioned they had a preferred bidder. The fact that this merger deal would mean Jim still has a foothold in the company, I can see why Metals Exploration would be the preferred bidder.

Not Canadian and not Chinese, but British. Wonder if this will force any of those under NDA to pump up their Bids, and wonder if this has been orchestrated to force their hand?

CMG, you are wrong. Jim Mellon only took over chairmanship in Oct 2022

Found the answer...yes