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Absolutely correct Isapension I have just tried the identical trades you mention with Barclays and had the same outcome. The mm’s want our shares but unlike yesterday there are no sellers at this price. Let’s see how the afternoon develops to build on the 3.2% rise on very low volume.

Gold started Tuesday at 1980, Wednesday at 2020 and today at 2040 having touched the all time high of 2075 last night. Gold is currently 2042 with increasing certainty that the much anticipated gold bull run is underway. The Purchaser of CNR can expect that the gold price will be well over $2000 per once when they start producing. When the sale process started CNR’s higher valuation was based on $2000. The prospective valuation needs to be increased and that will justify higher bids. It’s the sort of environment that should inspire a bidder who is close to an actual bid to do it sooner rather than later.

Calibre has always been the most obvious purchaser for Condor. It’s the mine next door, they are totally aware of mining in Nicaragua and could use their existing management team in Nicaragua to build and run Condor’s mine. They could also produce gold more quickly than anyone else by adding Condor’s mine to their hub and spoke processing facility in the way we had hoped to do toll mining with them. As far as other bidders are concerned Calibre as the mine next door provides a perfect case study for how successful Condor can be in a short space of time. Calibre’s recent very impressive rise in its share price demonstrates that the political risk factor for Nicaragua due to sanctions is not a major concern.
Gold touching its all time high in 2020 briefly last night makes Condor the most valuable its ever been and should be causing the bidders to sharpen their pencils on a daily basis.

Gold spiked again to 2077 before falling back to 2058. Gold shares should be having a good day tomorrow.

Gold now Up to 2040 and Calibre closed Up 2.4% another 52 week high. The background music continues to improve, so let’s see if Condor reverses todays lacklustre performance tomorrow. Mark continues to tweet in the absence of being able to release an RNS to maintain communication with shareholders.

Gold shot above 2030 as the US announced a further rate rise and is currently 2024.
The price that will have to be paid for Condor keeps rising and as we all know each $10 per one rise in the gold price has an exponential increase in value of the gold.

An update would be welcomed by the shareholders but it is at that stage in the sale process where the Investment Bankers will not want Mark to give too much away. They will not want him to provide information that would be useful to bidders in terms of price. All they will want Mark to do is create a competitive situation between the bidders. They will want the initial bid to be in the range they would sell for to create a good base for an auction and then hopefully bids for the whole company not just its assets. Patience is required and don’t let the mm’s have your shares at this low price because when the news of a first bid lands this will move very quickly towards the bid price before you will have a chance to buy.

Gold holding yesterdays rise currently 2017. Calibre was Up 5.77% to a new 52 week high which suggests investors are happy to invest in gold in Nicaragua.

Gold’s spike today was more impressive than yesterday moving from 1980 to 2020 and currently pulled back to 2016. Let’s hope that May is the month 2000 becomes the base the base for gold, which will be very beneficial for the bidding process.

Continued:
“ Contract momentum building
In the past month, Totally has won two contracts (worth £2.15mn to December 2023) for the delivery of urology services to Saolta’s Group’s six hospitals in Ireland. Insourcing Totally’s services for the delivery of colonoscopy, gastroscopy and sigmoidoscopy procedures during weekends when hospital facilities are not otherwise in use will enable Saolta to maximise the efficiency of its hospital infrastructure.

At the end of last year, more than 690,000 people were on waiting lists in Ireland, so there isn’t a shortage of demand for Totally’s higher-margin insourcing services, which provide in-house consultants and nursing teams across certain specialities (endoscopy, ophthalmology, ear nose and throat, orthopaedics and urology).

The same is true in Wales, where a record 730,000 patients are on waiting lists – 59 per cent more than three years ago – with no fewer than 75,000 people waiting more than 12 months for a first appointment. So, to help cut the backlog, NHS Wales is seeking help from the private sector, recently awarding Totally a contract to deliver a full range of medical and surgical services including outpatient and pre-operative assessments, diagnostics and surgical procedures.

What's more, demand for Totally’s corporate wellbeing services has returned to pre-pandemic levels, a trend that is benefiting from an increasing number of employers looking to entice employees back to the workplace.
Recovery potential underrated
Of course, investors are likely to be cautious in the near term. However, a growing revenue contribution from the insourcing services provided by the group’s higher-margin Pioneer Healthcare division is likely to have an accentuated impact on profit for what is now a more operationally geared business following the restructuring.

In fact, Canaccord expects all its £2.5mn forecast rise in cash profit to pass through to pre-tax profit, pencilling in 66 per cent growth in pre-tax profit to £6.3mn in the 12 months to 31 March 2024. On this basis, expect 59 per cent higher earnings per share (EPS) of 3.5p, implying the shares are rated on a forward price/earnings (PE) ratio of six.

There is also an attractive dividend yield of 4.8 per cent on offer based on a maintained payout of 1p per share, and one that looks secure given that forecast free cash flow of £5.2mn (2.7p) should lift net cash by more than a third to £5.3mn by 31 March 2024 after factoring in the £2mn cash cost of the dividend.

So, although Totally’s share price fell 9 per cent after the 2 May trading update, I feel that the foundations are in place for a major re-rating over the coming 12 months. Indeed, the group’s enterprise valuation of £35.6mn equates to four times forward cash profit, a massive 64 per cent discount to its peer group average of 11 times. Buy.

A healthcare company trading at an unwarranted 64 per cent discount

A private provider of high-quality care and workplace wellbeing services has restructured its operations, cut costs and is winning higher-margin contracts
May 2, 2023
By Simon Thompson
Cash profit in line with previously lowered guidance
Restructuring and higher contribution from insourcing services support profit recovery
Derby-based Totally (TLY:21p), a private provider of high-quality care and workplace wellbeing services, expects to deliver flat cash profit of around £6.3mn for the 2022-23 financial year, in line with previously downgraded estimates.

The combination of high inflation, national strikes – which increased pressure on services and scheduling – and greater reliance on agency staff for the delivery of urgent care services due to clinical workforce shortages, prompted house broker Canaccord Genuity to rein in its annual cash profit estimate from £8.3mn to £6.3mn in March.

To mitigate the cost pressures, the board has restructured operations to bring together all healthcare services under one healthcare delivery business focused on urgent care and elective care, realised economies of scale and cut out duplicated costs to enhance the group’s operational and financial performance. The profit guidance is stated before one-off costs associated with the restructuring.

Moreover, Totally has drawn a line under its north-west London urgent treatment centre (UTC), a major contributing factor behind this year’s share price weakness (‘A sell-off that’s overdone’, 20 February 2023). Importantly, the directors don’t expect any further costs or liabilities from these demobilised contracts.

It means that investors can now focus on the recovery potential of the business, which underpins Cancaccord’s forecast that cash profit can bounce back from £6.3mn to £8.8mn on 3 per cent higher revenue of £144mn in the 12 months to 31 March 2024. A raft of recent higher-margin contract wins adds weight to these expectations.

AEX closed at 1.28p on the 17th April. Fridays report confirms we are on track and so one would expect this to move quickly back to 1.28p before pushing higher as news flow picks up.

Stardrops you highlight a very important development but I don’t think cart before the horse is necessarily the correct terminology. The company who is going to partner to get the gas out of the ground will want to know it can be distributed when they do so. These agreements are all interdependent and so we will probably get a number of announcements in quick succession. A very positive start to the new month.

There is clearly a problem with showing RNS across the LSE platform. Perhaps they have taken another day off for the bank holiday!

A large buy trade of 743500 shares at 17.2p suggests that someone liked today’s RNS. Currently Up 4.2% on volume of 1.43 million.

It was unfortunate that AEX decided to release a very positive RNS after hours on a `Friday the start of a bank holiday weekend. This is a time often chosen to bury bad news but in this case it has buried good news if we look at the lack of trading activity this morning. Here is what the Chairman said:
“ Outlook and Funding
On 1 April 2022, we announced the fully subscribed placement for approximately US$4.35 million, providing an essential pillar in our effort to de-risk and anchor value. The funds ensure a solid financial foundation for the Company through to the expected commencement of cash flow receipts from Ruvuma. We are thankful for the participation of all the investors, including our largest shareholder, Eclipse Investments LLC.
We expect 2023 to be a decisive year with significant information flow regarding multiple workstreams. The operator's capacity to run numerous critical negotiations and a significantly broader technical engagement, fully supported by the Tanzanian authorities, has significantly shortened the time to gas production, now targeted for October 2023. This development has shifted the narrative of Ruvuma, further de-risking the project from a dependence on the spudding and outcome of CH-1 to a more anchored and broader development effort as we move toward early gas production. Such de-risking continues to honour the upside potential that will come from the drilling of CH-1, the 3D seismic interpretation, and the full development of the field. These developments are potential game-changers for all stakeholders in the Ruvuma development.
Finally, I would like to thank our shareholders for their continued support and patience and hope that our operations in 2023 will ultimately reward us all with success on Ntorya.”

It may not be the RNS we would most like to see but it is showing good progress towards the big RNS by ticking off another box. LSE have not shown todays RNS so here is some more detail:
“ The objectives of the partnership will be to:
-- implement a gas-to-industry business in Morocco through the development of marketing and commercialisation of natural gas to industrial customers;
-- establish a jointly owned special purpose vehicle for the purchase, transportation and distribution of natural gas to end-users; and
-- put in place a long-term gas sales agreement for a portion of the future gas production from the Anchois development project ("Anchois") .”

The previous update on the Sale of Assets was on the 13th March, so let’s hope that a further update will arrive at the start of this new month.

“ LPL is Australia's largest esports tournament organiser and one of the world's largest gaming related content creators. Esports has shown continued growth in Australia with video game revenue set to reach approximately A$6.5 billon in 2023 and forecast to exceed A$9 billion by 2027, according to data from Statista. Average revenue per user is also high in Australia with average revenue per user around A$730, compared with a global average of approximately A$211.
The new LPL platform launched in April and with more than 400,000 registered users, is Australia's largest esports and gaming platform. The number of users is expected to increase significantly during 2023 in line with the growing number of brands and partnerships signing with the new JV.
Blue Star holds a 13 per cent. stake in Dynasty.
Tony Fabrizi, Executive Chairman of Blue Star Capital said that: "The JV partnership with LPL is expected to be a significant step with Dynasty transitioning from service provider to media owner. We expect this change in focus will be repeated in future contracts. Dynasty's development of its highly sought after esports and gaming platform puts it in an excellent position to partner with existing media owners to exploit this growing market."

TIDMCHAR
RNS Number : 9666X
Chariot Limited
02 May 2023
2 May 2023
Chariot Limited
("Chariot", the "Company")
Partnership Agreement between Chariot and Vivo Energy
to Develop Gas to Industry Market in Morocco
Further commercialisation of future Anchois gas production
Chariot Limited (AIM: CHAR), the Africa focused transitional energy company, is pleased to announce it has entered into a partnership agreement with Vivo Energy ("Vivo Energy") with the objective of creating a midstream joint venture that will oversee the distribution of natural gas to industrial customers in Morocco. Vivo Energy , the market-leading, pan-African retailer and distributor of high-quality fuels and lubricants has a long-standing presence in Morocco's petroleum products' sector, operating a network of over 400 service stations and supplying commercial and industrial customers across a number of sectors in the Kingdom.