Member Info for HawaiifiveO

Condor Gold looks to finance La India early next year, and may by then be supported by cash flow from toll-treated ore.

https://t.co/bieDHTab7i?amp=1

I think the Sharetalk web event is a very interesting move from a PR perspective, they have a large private investor following and regularly promote companies that appear on their podcasts which they link to Twitter where they have over 10,000 followers.

Mark Child clearly believes Condor needs to attract another audience away from Proactive etc, I think this move will do a power of good and hopefully draw attention to the hideously undervalued status of the company.

Should deliver increased volume which will hopefully get the shares trading far higher in due course.

1st support at 1.8p if broken 1.5p then major support at 1.1p

Hard to believe this was 4p in May

A complete load of twaddle being written by the detractors who operate daily on the bulletin board.

Ascent has been done over by the authorities who clearly fear Russia (supplies most of Slovenia's gas) it was mooted many times in various Ascent investor meetings that Slovenia feared Russian retaliation if this gas field came into major operation.

Further evidence, which I am sure Ascent has sight of, was the negative tweeting by the Environment Minister (Leben) ahead of a long Bank Holiday weekend which wiped millions off the market valuation of this company, where else would a Government Minister disclose price sensitive information via his Twitter account on a Friday afternoon during market hours.

In this respect alone Ascent should have a material claim for damages, refer to note 4.4 below.

'Additionally, while the PS Application was being considered by ARSO, the Minister of the
Environment and Spatial Planning repeatedly made public statements portraying the Investors, as
well as the Petišovci project, in a negative light, and leaks were made by ARSO to the press. This
further demonstrates that ARSO was biased against the Investors and that the ARSO Decision was
politically motivated'

All along certain posters who operate on this bulletin board have tried to destroy this company, in my view they are working for some entity with a vested interest.

Having listened in to both investor calls I do believe the new team are motivated to return shareholder value, Dennan is a youngish guy, he would not want to destroy his reputation so early in his career. The 2nd investor call was far more revealing than the 1st.

Let us see, hints were made that the next news could deliver an increased valuation, current sub £2m m/cap is too low in my view.

There is no doubt Ascent have appointed an excellent lawyer in Evgeniya Rubinina she has wide experience and had some very high profile cases and is a arbitration lawyer. There must be some chance of success therefore, nothing is factored into the share price at all, Ascent must be chasing at least £45m.

https://www.enyolaw.com/team/65/#EvgeniyaRubinina

A Russian banker in a London-seated ICC arbitration arising from a dispute with another Russian individual concerning the acquisition of a shareholding in an eastern European bank, as well as in related English court proceedings.

A US energy company in a post-acquisition London-seated LCIA arbitration with an Asian party.

A UK/Canadian mining company in relation to a potential investment treaty claim against the Government of Armenia in relation to the blockade of a gold mine.

A consortium of regional and international energy companies in an LCIA arbitration against a regional government in the Middle East in relation to the ownership and commercial operation of two petroleum fields.

A Ukrainian businessman in a dispute with another Ukrainian businessman arising out of a joint venture in the metals sector.

Two Russian-owned businesses in LCIA arbitrations arising from a dispute under commercial loan agreements.

The government of Romania in the Micula v Romania ICSID arbitration concerning Romania’s repeal of customs duty exemptions in order to join the European Union.

Swisslion in an ICSID arbitration against the Republic of Macedonia concerning the privatisation of a food production company.

https://www.ascentresources.co.uk/wp-content/uploads/2020/07/2020-07-24-Ascent-Notice-of-dispute-Government-of-Slovenia.pdf

Tony Abbott reveals what would make Australia really vulnerable to Chinese bullying - and how our biggest export is under threat. Mr Abbott said Australia was in danger longer term as China sought African ore

https://mol.im/a/8566257

I have a feeling some news is about break soon enough, interesting the renewed media and now a webinar in early August.

Has a toll mining deal been worked, it would make sense for both parties at current gold prices.

Condor remains materially undervalued.

11th August

https://twitter.com/CondorGoldplc/status/1288746967192018954?s=20

Bird said in the recent Winnifrith podcast the the Aussie shares have not been issued yet.

I am simply staggered this is still sitting around current levels when just about every gold junior has strongly re-rated, more-so given the expected revenue stream. I can only put this down poor PR, I asked Bird why they do not have a Twitter account, he replied that he thinks it breaks regulations, this is not the case, he is either confused or ignorant of the situation.

The regulator did crack down on a number of private chat areas where, would you believe, certain CEO's were giving commentary to a select few, this is not the same as Xtract having a company Twitter account which is publicly
accessible.

I hope the appointment of Alastair Ford will change the PR situation, I pointed out to Bird that Twitter is now the main chatterbox of the retail investor, many of those are HNW's, it only takes a few to get behind a stock like this and you could see a major re-rate.

I believe it is only a matter of time before this joins the re-rate party.

Hard to get a online buy quote currently, something has turned the book.

Proactive today

https://www.youtube.com/watch?time_continue=14&v=5b0Bp4e0D8g&feature=emb_logo

Delisting would be very unfortunate for the minority shareholders, one hopes sense will prevail, the major shareholders have so much to gain via their equity positions in this gold bull market, it makes so much sense to get a deal done and retain the Stock Exchange listing.

Do they recognise the possibility that a major company may be attracted to Metals Exploration, the company has been starved of cash which has affected operational performance, a major could quickly add significant value via exploration and operational expertise.

A bid for MTL cannot be ruled out, the major shareholders would benefit far more via their equity positions than fumbling around trying to extract value from their loans. Do they recognise this I wonder?

We are reaching a crucial stage in proceedings, it is on no-ones interest to not conclude a deal.

There were a number of cryptic comments about the old BOD made by Dennan on the call, it seems some of the cash raised was used to pay for legacy issues left by the old BOD.

The Buggenhagen/Castro period was a woeful one and that wretched death spiral deal was the final straw, thankfully it is now gone.

Without the legacy past I am quite sure many would be buyers but Dennan & Co need to visibly demonstrate change, the step to pursue the legal route is a positive, lets wait and see the next move, it needs to be a good one.

The new licences will come but they are not a share price driver, Livesey has already said they are for the long term, do you have experience in the mining space if I may ask? People are buying because of expected news on asset sales and the excitement surround the licence in Senegal.

For example theThani Stratex stake is on the book at £2.5m and ORR have 4 gold Net Smelter Royalties in Turkey, they have increased in value recently. Could be worth another £2m+ altogether.

The current market valueation is around £3.6m which in my mind is far to low, management have openly stated they think fair value is 1.5p-1.75p per share right now without further developments.

Time to get in is now in my considered opinion.

Another new gold discovery near ORR on the Mali-Senegal border, it is getting very interesting now, Oriole hold one of the largest licences in the region.

https://www.londonstockexchange.com/news-article/CORA/new-discovery-at-sanankoro-gold-project/14629027

Progress in Cameroon it seems, those new licences cannot be far off now. Opens the way for another JV deal.

https://twitter.com/OrioleResources/status/1286767560084660224?s=20

Can see the re-rate continuing here, asset sale news is imminent and Iamgold are actively drilling on ORR's licence at Fare, right next to Chesser Resources and Barrack where the talk is of a world class discovery being made.

Worth following this Twitter feed, seems to be on the ball with everything related to Oriole Resources

https://twitter.com/Oilplayer2009/status/1287483380695740416?s=20

I do not agree that a 2p share price cannot be attained in the short term, in the current bull sector mania anything can happen, any gold related junior could multi bag in a flash, many already have.

Every man and his dog are looking to invest in gold shares, the majors and mid caps have benefitted via strong share price gains and many believe that the junior space will be next, the share price gains of juniors can be disproportionate due to the lack of liquidity.

Xtract is one of the few juniors that has no re-rated to date but it is only a matter of time IMO.

Dennan has put in £100k at 5p per share and Ainsworth has a small holding, the fly in the ointment is Parsons with just options.

Dennan said they were working on a 'special situation' deal and implied news would be forthcoming in this regard, he also expected the rest of the year would be news rich.

One wonders if they are going to move into something like the gold space or some COVID related investment, these are the two sectors that are 'hot' right now, it is a waiting game but at a £1.3m market cap these must be a punt for newbies, unfortunately on AIM no-one is interested in investors past losses (like mine) and new punter traders will appear if they sniff there is money to be made.

Let us see what happens.

The investor call was quite brief today, Dennan comes across as genuine but is full of city gobbledegook, for example he was asked precise questions by one party concerning cash burn, director salaries, future funding and the claim (promoted regularly) that this BOD has access to capital.

The questioner was clearly seeking guidance and propagating the fact that shareholders have had enough of dilution via placings and heaven forbid VWAP based monthly share issue funding (death spiral) and was seeking some comfort that this would stop.

Dennan really did not answer any of the above questions other than saying that the company needed to pay advisors, consultants etc, no reply on BOD salaries (around £450k in 2019) and most definitely nothing about the claim the new BOD has access to capital other than via equity.

The only 'hope' was he seemed to extend the need for capital to year end as opposed to the Annual Report statement which suggested by end August, you decide? He did suggest that news was needed to increase value and implied that news will be coming soon enough.

My take is it might be worth a short term punt for newbies (or existing holders) on the basis they are clearly working on some 'special situation' deal which may propel the share price.

Thankfully I would suggest Cuba will be on the back burner spend wise until after the US Elections (4 months away) the news today on the start of possible legal action has a respond time of 3 months from today's date, if nothing comes from Slovenia then it seems the legal route will proceed fully, Dennan seems to think there is some chance of a amicable settlement award to Ascent.

On balance probably a short term buy based on the above but funding is needed but it may come far higher up depending of this 'special situation' news.

Let's face it at a £1.3m m/cap it is a total binary play.

No advice intended.