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I would not expect the new placing shares to cause any problems to the sp when they are admitted because they should be in safe hands. The company placed the shares themselves without a broker and without warrants. Jim Mellon took half of the £4 million placing and Mark will know where the rest went and so they should be in safe hands.

There is apparently a problem across the market this week due to IG closing out leveraged bets by Friday on over 900 smaller stocks. Even if FFWD isn’t one( I don’t know) traders will need liquidity from their portfolio. Otherwise with all the big news that’s imminent this pull back seems over done notwithstanding some profit taking is to be expected after last weeks large rise.

On the publicity front Jim Mellon yesterday in his Mellon on the Markets column in Master Investor Magazine says you should own gold silver and platinum which should form a good part of your portfolio. He confirms he liked Condor Gold and that he has just taken half a placement to enable it to do further drilling to find more resources on top of it’s already large proven reserves.
Interesting that he focuses on the reserves and doesn’t mention production.

Don’t forget that today is also setting out the stall. A bid is equally as likely as production at this point. It could come at anytime.

The mention of Aphria in the article reminded me that FFWD selling its shareholding in Aphria in 2017 was its only major liquidity event in its history making a profit of CAD$11 million. Just before that sale there was a lot of merger activity in Canada and FFWD had merged its interest in Nuuvera to get its shares. FFWD had to sell because of regulations at that time about cannabis investments.
We have been disappointed with the lack of interest in YOOM since its listing and I find it hard to believe the Directors were not aware that this would happen on the CSE. What if the story is still unfolding?
We have last week seen Yooma Europe Limited registered. We know EMMAC is working on an IPO or similar. We know YOOM are distributing EMMAC products in Asia. What if Lorne Abony has ambitions not just to be the leading Cannabis company in Europe but globally by merging EMMAC with YOOM.
Just a Sunday afternoon thought for your consideration!

I would like to add my thanks to Shareholderchar. We understand the reasons for your caveats about information in the public domain and the implications of a 3% holding. Your reassurance that Char remains on track is greatly appreciated.

The very impressive interview with the CEO of EMMAC yesterday (link in a post last night) shows we are in countdown to the listing. The listing wasn’t mentioned but we all know why he was setting out his stall!

Also don’t forget from that RNS about the convertible loan note that Ed personally has a 3.9% interest in EMMAC which is more than FFWD has and will have after the conversion. So Ed will be very focused on EMMAC achieving a massive valuation on its IPO.

Johngle
It would be against the rules for the investors involved in the placing to be given price sensitive information that had not been released to all shareholders by RNS. If you look at this extract from the placing RNS
The Placement has been conducted quickly following an offer by Jim Mellon, Condor's largest shareholder, to invest a further £2 million in the Company. The Board decided to accept further £2 million primarily from existing shareholders

You can see virtually all the shares went to existing shareholders. They are therefore fully upto speed on Condor, believe the end game is approaching and hence a good time and price to buy more. Clearly would do no harm that Jim Mellon who is a director(so may know more than others) and is the largest shareholder wanted to buy more. In fact many years ago I bought into Condor because Jim Mellon had just bought more shares in Condor. If you don’t see Jim Mellon taking another £2 million as a clear buy signal then I don’t know what is.
Condor is know sorted financially with £8 million in the bank to see it through to the point where it receives a bid or needs to raise finance to start production. It may well be possible to raise finance for production as we have seen this week from another Nicaraguan mine without the need to issue further equity.
It is looking good following the placing and we should get more news soon.

Yes Three Duke it is all coming together very well now but it has taken years to get the investments in the right place. As you rightly say what about Leap because while we are becoming Cannabis focused at exactly the right time it is Leap that should deliver our biggest prize.Leap which was nearly sold a couple of years ago is now a leading global game company and FFWD own 44%. We don’t have that sort of percentage in any of our cannabis holdings, although they will do very well because of their very high valuations . Leap with a very high valuation and a large percentage is the holy grail for a VC fund like FFWD and the diversity is proving it’s worth. It’s worth remembering it was Jim Mellon who essentially set up the company based on his book of the same name.

The extra cash also allows Condor to continue with exploration activity aimed at demonstrating the potential for a 5 million oz Gold District at La India Project: the Company will commence a 5,000m drilling program on the Cacao vein in the near future."
The highlighting of the 5 million oz Gold district is a clear signal to the industry that this is a very valuable asset. A bid or bids become increasingly likely as we move towards production.

I think Satoshipay are going to do really well this year. There is still a steady growth in their original micro payments products which remains an area with a lot of potential once volume is achieved. More important is Dtransfer which has a year or so of development under its belt and from the 15th December Update we know it is starting to gain traction . The market for Dtransfer is global and growing very fast as the block chain companies take market share from the global banks because they are a faster and much cheaper way of moving money around the globe in what is a massive market.

I think as a long term CNR holder that Mark has been keen on a sale for a long time. I think he may even have said as much in interviews in past years. The moves towards production were as much designed to get a higher bid and attention as they were to actually get into production. Each tick in the box towards production makes a bid more likely and pushed the price up. Look at Rio taking Calibre. The prospect of a bid at any time is a very good reason to be fully invested in CNR rather than trying to trade it.

So with the shell delisting at the close today do you think YOOM will list and go live tomorrow?

I endorse your post regarding the continuous deramping and negative posting by Real Ranger.
“I'll keep quiet now.” he said in another negative post at 09.16 on Thursday morning. Keeping quiet lasted until Thursday evening since when he has written a further 13 negative posts. It should not put off good long standing posters from continuing to post and calling him out for what he is.

It hasn’t been too bad for you in the last year though because despite the fall in recent days Condor is still up more than 100% since February 2020. It has spiked to 60p very rapidly so ok to trade it but it you could get caught out. Good luck.

I think some people are getting carried away with talk of Ross Beatty. Just remember our largest shareholder who holds 3x the shares of RB. He has supported CNR from the beginning and is a long standing friend of Mark Child. If you think the billionaire Jim Mellon is going to let someone possibly selling £2.5 million worth of shares damage his long term investment in CNR, I suggest you think again.

MC is operating in an economic way which suits most shareholder including him because it minimises dilution. This has the effect of slowing things down on the run in to production. RB who has limitless funds probably sees it differently and wants to go for maximum production as soon as possible. MC hasn’t got the funds to maintain his percentage on a big equity issue. MC may also be hoping for a bid before he has to raise the money for production. I do not see RB selling as a major problem and as he is not a distressed seller I doubt he wishes to push the sp down.

It should also be remembered that when the company last had a big seller it was in a very different place on its journey so not likely to be repeated.

EMMAC need to get a move on as another Cannabis company is going to take first mover advantage by getting first London listing with the same stated aim as EMMAC to be the leading Cannabis company in Europe. Come on Ed.