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I think everyone will agree that a toll mill deal or deals is very important to Condor prior to funding the mine capex. CNR is continuing to achieve its milestones in the run up to production but the market is not rewarding this. Toll milling can turn the sp north again very quickly as cash will be coming in. Time is moving on and Mark needs to do a deal now whilst he is in Nicaragua and announce it before Christmas.

I believe it needs to go past Belfast to get to Morocco!

If Mark is talking to one or more parties about a toll deal the discussions may well be subject to Non Disclosure Agreements and /or it is not commercially prudent to provide a public commentary on ongoing discussions.

It is misleading to say timelines are being missed by miles. We all know the aim was to get the Leap liquidity event completed before the end of this year. Ed said a couple of months ago that was still the aim but it may well slip into 2022. This is what he said today
“ Ed McDermott, CEO of SEED, commented: "This investment reflects our ongoing support of Leap Gaming and their team as they continue to challenge the gaming industry worldwide. The funding will further facilitate their development and movement towards a possible liquidity event with all options, including M&A activity and a near term public market offering, being contemplated. Although not a sector of core focus for SEED, this long-term investment that we have supported for some time is an important contributor to our net asset value, and with the growth Leap has seen and is forecasting to year end, we anticipate positive news flow and corporate development into 2022."
As you all know Ed has to choose his words carefully so as not to breach stock market rules and will have had to get the nomads approval for his statement. Until a decision is made by Leap on whether it’s an IPO or M&A he can’t be specific or set out timelines. Also it probably helps Leap’s negotiations to have different options so not sensible to give to much away to shareholders at this point.
It is clearly progressing and the 2 major shareholders are continuing to finance it while the deal is finalised.

The increasing level of negativity and deramping flies in the face of the basic financial facts which show the company is making good progress with its investment. This is from the final results:
Results

The net assets of the Company at 31 March 2021 were £24.94 million (2020: £14.24 million), equal to net assets of 11.72p per Ordinary Share (2020: 8.82p per Ordinary Share).
So it would seem a £10 million increase in NAV over 12 months is good progress. 11.72p NAV against 6.40p now. Completely ridiculous that the market is refusing to recognise the value. Just imagine what that 11.72 will be when the Leap deal is done. It should be at least double which is 3x the current sp..

It would also be the case if Redmile reach 30% they would have to bid for the whole company. I don’t think we want that until the sp is much higher!

I think this fixation on Lorne’s Mum selling what were originally Lornes shares needs to be put in context. SEED/FFWD has served a purpose for Lorne but he hasn’t made any money from SEED directly. Lorne has always had much larger personal stakes than SEED in a number of the companies we have invested in. Our biggest sale to date was Nuuvera and I am sure you will find Lorne made a lot more than us. He then got into EMMAC where as we know Ed had more than SEED and Lorne had a lot more than Ed. Now we have YOOM and no doubt Lorne will continue to build that up quickly by acquisition and sell it. We have more of Yoom than some of the others so can make a good return but not as much as Lorne.
So I don’t see Lorne via his Mum selling out to be any negative for SEED it’s just that she can make more money investing directly in Lornes companies.
It is annoying that the sale is dragging the sp down but it will correct once it’s done in all probability.

King coal is dead, long live king coal! That might be a fitting epitaph for COP26, which mercifully ended last Friday. It culminated with an agreement, which had not so much been watered down as to have virtually evaporated. Fossil fuels, it seems, are here for the foreseeable.

What went wrong? That’s a question the ‘deeply frustrated’ COP26 president Alok Sharma might well be asking himself. He appeared to be close to tears at the denouement of the negotiations, pushed to emotional extremis by the last-minute wrangling over a single word: should we commit ourselves to phase out our use of coal, or phase- down our use of coal.

To the distress of ‘no drama’ Sharma, it was phase down that won the day, thanks to hardball negotiating from India, China, South Africa and Iran. All anyone will now have to do, it seems, in order to fulfil the commitment they signed up to in Glasgow, is to promise to use slightly less coal in the future.

We shouldn’t perhaps be surprised by this outcome. It is hard not to be cynical about a conference that claimed to be saving the earth but ended up just costing the earth. So inconsequential is the final deal that the whole event is more likely to be remembered for its comic elements: of which there were many.

Hopefully Mark’s current priority is using some one else’s mill for toll milling while we organise the setting up of our own mill!

Tue, 19th Feb 2008 13:41

AIM19 February 2008 ANNOUNCEMENT TO BE MADE BY THE AIM APPLICANT PRIOR TO ADMISSION IN ACCORDANCE WITH RULE 2 OF THE AIM RULES FOR COMPANIES ("AIM RULES") COMPANY NAME: Polo Resources Limited COMPANY REGISTERED OFFICE ADDRESS AND IF DIFFERENT, COMPANY TRADING ADDRESS (INCLUDING POSTCODES) :Craigmuir Chambers, Road Town, Tortola, British Virgin Islands COUNTRY OF INCORPORATION: British Virgin Islands COMPANY WEBSITE ADDRESS CONTAINING ALL INFORMATION REQUIRED BY AIM RULE 26:www.poloresources.com COMPANY BUSINESS (INCLUDING MAIN COUNTRY OF OPERATION) OR, IN THE CASE OF AN INVESTING COMPANY, DETAILS OF ITSINVESTING STRATEGY

The registered office is in the British Virgin Islands so it’s probably a BVI company.

I am sure TheeDuke is right and no warrants were exercised. If any warrants had been exercised they would have to issue an RNS confirming the new shares that had been issued and adjusting the total shares in issue total as they have done in the past.
The company has no need for additional funds as they just need to wait for Dynasty and Satoshipay to deliver.

Our largest shareholder Nicholas Slater retweeted a tweet about Pendulum with his target price of 0.4.
nicholas slater
@patviera
·
23h
#blu target 0.4p
Quote Tweet

Torsten Stüber
@torstenmove
· 10 Nov
We just deployed a permanent version of the prototype version of @pendulum_chain. No random restarts anymore. Connect to it through our explorer: hxxps://prototype-ui.pendulumchain.org/?rpc=wss%3A%2F%2Ftestnet-1.pendulum.satoshipay.tech%3A443#/explorer…. Next: start to work on the actual production version of Pendulum

I think you will find the shareholders are his priority because he is one of the largest shareholders, although not as large as he once was because he has suffered a lot of dilution over the years. £500 per day is not going to make him a wealthy man. He clearly doesn’t have the money to take up placing shares to maintain his % holding in the way that Jim Mellon does. Mark is only going to make a good return out of Condor when he sells his shares for £’s or Condor is producing and he is receiving large dividends. Mark is very aligned with ordinary shareholders.

I note TheeDukes comment about the possibility of Satoshipay being snatched up by a big money entity. I also recall Tony Fabrizi saying he thought a large financial services business would be very interested. This has to be a distinct possibility as they will see what we all see and hope for from Satoshipay. Someone interested in Satoshipay may well think it would be useful to take out BLU to secure its holding in Satoshipay. It all looks very promising from the standpoint of BLU shareholders which ever way it goes.

The end is very uplifting for investors in gold miners like Condor. 1000% would be fine with me!

Now Up 13.25 at 0.215 as volume passes 100 million

Rising quickly now Up 7.9% at 0.205.

Gone blue Up 5.3% as volume hits 71 million

Buys now out number sells 38 million to 18 million with 2 x 5 million buys and a 6 million buy.