Member Info for Geovanni

I am sure they are already in discussions with the bond holders . It is difficult because the asset (the ships) are worthless if the customers don't return soon. How long can bondholders wait? I heard today on the radio that there are 50 million people employed in the travel industry representing 10% of global GDP. It is very sad for the people working in the industry.

Thank you for the interesting update HOMER1234. Do let us know when bookings start to recover, if you are still in the industry when it happens. All the best .

People book cruises well in advance. So they will still be going if they can't get a refund. I know someone that embarked yesterday from Southampton. I expect the ship to be half empty. The ports will soon be asking Carnival to pay for the fuel in cash. £1.75bn monthly income down to nowt

The person that let their shares go at 25p may have sold 'at best'. Should have sold them in smaller quantities. So he got shafted. I've got 310k and I'm not selling any.

The 150k buy was yesterday at 9.46am. I've been a shareholder ten years as well. Looking forward to reaching breakeven.

I don't think there will be a huge bounce as they'll have to issue new shares at a very low price, if they can avoid bankruptcy. They are building 5 new ships and have £10bn of debt. No American citizens buying cruises and probably not many others either. Their monthly income of £1.75bn will fall maybe 90% for a few months. They will have to issue guidance soon. It is going to be a very difficult time for the company. Will the cruise business every recover?

just bought 12000 at 32.71p

The spread is 2.5p (32.5/35p), detering buyers including me.

Some people on here seem to think Toll Mining with Calibre is still a possibility. I don' think It is. Ryan King explained why Calibre aren't interested 4 weeks ago in his very long interview. See my comment on 8 February regarding what he said in the 50th minute of that interview where he specifically talks about Condor Gold for 3 minutes It is not in the Calibre shareholder's interest as it would make Condor more expensive to buy outright. A even bigger indicator that this is idea in dead is the fact that Mark Child didn't mention it in the 8 minute Proactive interview last Monday. Instead of dreaming about Toll Mining we can now have bigger dreams brought on with the arrival of Rio Tinto. I am expecting the share price to reach 50p within two weeks.

Thanks Andy. That's good to know.

Its not to late to buy Condor Gold. They've only gone up 50% since I advised Eric to diversify.

Good point Simms. And we can be sure Rio won't be doing 90 minute interviews

Yes they would Barnard. And even if Rio Tinto don't make a move in the next few weeks the Condor share price should get sucked higher in anticipation. I've been a shareholder for ten years. I think we are in the departure lounge now.

Having listened to the Ryan King interview the period 50.10 - 52.48min directly relates to the Condor situation. It is clear that Calibre is not interested in helping Condor to re-rate. So Toll Mining with Calibre isn't going to happen. Ryan King states that 'they are concentrating on getting their own share price higher and that is when M&A for Calibre can be accretive for Calibre'. The conclusion i have drawn from his statement is that Condor will be n acquisition target for Calibre when Calibre's own share price is higher. Meanwhile entering into a Toll Mining arrangement with Condor would not be in Calibre shareholders interests, as it would make would serve to make Condor a more expensive acquisition.

I wrote that on 8 February. Now that Rio Tinto are directing what Calibre shall do, it seems likely that they will explain to Ryan King that sitting on his hands playing games doing 90 minute interviews isn't an accretive strategy. An accretive strategy is an agreed takeover and nothing less.

The price here to buy at 4.8p is 19% lower than Sweden. A discount of this size has never lasted more than a few hours .

Please post it. Thanks

Alliance Agreement Highlights:
• Calibre and Rio Tinto entered a five-year generative exploration and concession acquisition
alliance under which we will work together to identify prospective mineral properties.
• Rio Tinto has the right to instruct Calibre to acquire selected alliance properties and will fund
the acquisition of those properties.
• Calibre will receive a fee for acting as the operator of the alliance equal to 10% of qualifying
expenditures.
2
• Rio Tinto shall have the right to designate one or more blocks of the alliance properties (each
such block not to exceed 40,000 hectares in the aggregate) and shall have the exclusive option
to earn up to a 80% interest in each such block, on the following terms and conditions:
o First Option: Rio Tinto shall have a five-year option to acquire a 55% interest in the
applicable block by incurring $5,000,000 in qualifying expenditures.
o Second Option: If Rio Tinto exercises the First Option and earns a 55% interest in the
applicable block, it shall have the right to earn an additional 10% for an aggregate
interest of 65%) by incurring an additional $5,000,000 over a five-year period.
o Third Option: If Rio Tinto exercises the Second Option and earns a 65% interest in the
applicable block, it shall have the right to earn an additional 15% for an aggregate
interest of 80%) by incurring an additional $15,000,000 over a five-year period.
Russell Ball, CEO of Calibre stated: “It is my pleasure to welcome Rio Tinto Exploration as our partner in
Nicaragua, a country we believe has both a tremendous geological endowment and is under-explored
from a modern exploration perspective. As one of the world’s premier mining companies, Rio Tinto
brings a tremendous global perspective and both the experience and capital necessary to accelerate our
value-creation efforts. I expect this to be a long and mutually beneficial arrangement that adds value for
our respective shareholder groups, but more importantly, for the people and the country of Nicaragua.”

The arrival of Rio Tinto has raised the attractiveness of Nicargua. Rio Tinto announced there results yesterday. They made aa annaul profit of $21bn. The market cap of Condor can be earned by Rio Tinto in 14 hours!

Still laughing Suzy?

Using a wellhead gas price of $3 for 1000 cubic feet, 25 TCF is worth $75bn. With approximately 1bn Falcon shares in issue that equals $75/share. If Falcon's permit rights were sold for 5% of this value that would be £2.9 per share.

If my maths is wrong do let me know.

Yes Suzy, all are worth holding. Condor and Falcon have Government approval which counts for a lot. I'm pleased you have remembered about Condor - it hasn't flown yet. Market cap is £25m. Value of the gold in the ground $8bn based on prospective 5 million ounces. They are struggling to raise the finance to build the mine, but they are ripe for takeover. I'm not trying to persuade anyone, just directing people to other interesting situations to relieve the Beowulf boredom. Especially Eric as he seems quite unhappy.