Member Info for Geovanni

Interactive have not yet notified me of this corporate action event. So I know nothing about how to vote or the voting timetable. Is anyone else in this situation, waiting on Interactive?

Announced today. Valuing O3 Mining at £100m. O3 Mining has 4.4m ounces and no mining plant built. It is in Canada. It is interesting to compare with the deal agreed for Condor.

https://www.agnicoeagle.com/English/investor-relations/news-and-events/news-releases/news-release-details/2024/Agnico-Eagle-to-Acquire-O3-Mining-in-Friendly-Transaction/default.aspx

Calibre have 25 days to make their offer. Of course they will

When the firm offer arrives today the share price will rise to 32p to match the offer. The fact it is not yet at 32p implies the market thinks the offer might not happen.

There was only ever going to be one buyer for this asset and that is Calibre. Calibre would have told MC to 'test the market and come back to us when you have an offer from someone else and we'll see what we can do then'

I don't see why the Regulator would demand that Calibre be mentioned unless the Calibre bid is highest. It would be interesting to know what the rules on this topic actually say.

I don't believe Metals Exploration are a very serious bidder because their shares are too lowly rated. There is a limit to how much money they can raise when they only have 3-4 more years of $80m/year profit. I think this is a game to flush out other bidders to compete with Calibre

Metals Exploration are on a PE ratio of less than 2. Their Runruno mine in the Philippines has only 3 or 4 years life of mine left and they have no other operational mine. So no wonder they want to acquire Condor

And what is the book 5 comment?

My broker is Interactive Investor and they do deal in TSX shares. So that is fine then.

In the Crux interview dated 19 September at 16.15 mins MC talks for a minute about an offer possibly being new shares issued by the acquiring gold producer. How would that work in the case of Mako Mining who only have a Canadian listing.

The Crux interview is available on Condor's website Also available is an interview with MC dated 27 September which I hadn't seen before and which is quite interesting.

The two trades I did in volume of 10,120 were 'kill or fill' by manual broker intervention through ii, because on 'automatic' it wouldn't let me buy even a small amount. However they are going through automatically now, but at a higher price. Just done two more 11549, 11655 - that's me finished. I am sorry for probably being responsible for this mornings price rise.

Five are mine. Two more to show up yet: 2 x 10120

Thank you c-f and Simms for your thoughtful replies. I'm grateful to MC for last week's rns. It gave me the confidence to quadruple my holding.

Yesterday I advised Mako's mine in Nicaragua is too far away from Condor's project to be able truck the ore. Having investigated further I've found I am wrong. At least as the crow flies the distance is the same as trucking to Calibre's La Libertad processing plant, but in the opposite direction

Https://www.youtube.com/watch?v=Gpq-n-YigSA

A very interesting discussion on the M&A gold mining

Simms - why do you think the chinese don't need the mill? It is strange that the rns mentioned the possibility of the Mill being sold before the mine is confirmed sold. I can't think of a scenario where this would make any sense - except if the sale of the mine falls through.

I think shareholders have to vote on the offer? Mako are too far away to truck the ore so they would need the Mill.

At the moment personalised care is limited to ctDNA analysis. The company (Natera) is a NASDAQ listed specialising in analysis of ctDNA for cancer patients with a market cap of £14bn. It was an oncologist that sent me this link and she hadn't heard of Parsortix. This is the type of company that might see Angle as a target for takeover

Https://www.natera.com/oncology/signatera-advanced-cancer-detection/

This company seems to be one of the competitors in liquid biopsy analysis.

I think it means they expect a sale by 31 December. If it doesn't happen by then they'll need the money to tide them over to the next fundraise. Paying 20% for a few weeks is better value than issuing shares at sub 20p. It means they are reasonably confident