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CF, thank you for posting that video with the CEO of B2 gold. I advise everyone to listen to it as it essentially endorses CNR’s decision to sell and to focus on the value of the asset not the premium to share price.
The CEO says single mine Junior Gold companies have issues with finance which arises because they get charged much higher rates than existing miners with multiple assets and income. Further the well financed miner can move more quickly to produce a larger resource from day one. This contrasts with CNR’s 2 stage ramp up such that profits from the first stage can subsequently be used to finance the second stage. In CNR’s case that could mean going straight to 150000 ozs per year instead of starting at 80000.
The really important point is that B2gold in there recent Acquisition just focused on the value of the gold they were acquiring (US$1 billion+) and completely ignored the share price of the target company.

Barclays would take 70000 at 0.3361 but wouldn’t let me buy even 1000.

Barclays just refused to quote on a 5000 Buy but would happily allow me to sell 50000 at 33.55p. Obviously I didn’t accept their offer!

Following 3 buys at full offer the last trade was above full offer at 34.40. Let’s see if this is the start of the afternoon rise.

There was comment in the interview from Jurgen about how a high gold price would be increasing the value of Condor. He was giving examples of how increases in the price of gold have an exponential effect on the profits. Jurgen is a much better promoter of Condor than Mark. Essentially he was pointing out why the Junior Gold companies are the place to be in a gold bull market. Admittedly Mark right at the start of the interview said he could not say too much because of the sales proceeds. Jurgen however is free to speculate on things Mark can’t say. Continuing to look very promising for a good price from a competitive bidding situation.
Good to see that gold having dipped briefly to1970 has now recovered to where it was at the same time yesterday 1995.

The last trade of the day was 29351 Buy at 33.90 just short of full offer of 34p . That was the highest price paid today and bodes well for tomorrow as the rise continues. Gold has moved up this afternoon as well.

Moving Up strongly into the close. Currently Up 6.3% at 33.75 on volume of 420000.

Todays volume of 20 million has now exceeded the 19 million of 6th March and we are now chasing the 24 million traded on 16 th December. We know news should be close and this high volume and 8.5% increase in sp suggests the market is expecting that news soon.

Has anyone heard what was said by Mark and probably Jim Mellon at Master Investor on Saturday?

Up 4.3% to the highest sp we have seen since November 2022. Good start to the week as news gets ever closer.

Redeyemines
Your comments about coal are totally inaccurate. Coal use globally is increasing and China which is the largest user of coal is paying lip service to the climate agenda and continues to open new coal mines. Just look at Glencores profits from coal last year. Just remind yourself of what is happening from the March RNS:
“ Extract from todays RNS:
“ The Project's Proposal has been refined through discussions and presentations at senior level of Government and during this process our Bangladesh team were supported by PowerChina. A significant enhancement is the inclusion of a large-scale Solar Power Park (over 2GW possible) within the confines of the Project area, to be operated in parallel with the mining operations. The Solar Power Park would be installed in stages and it's planned that the power would be supplied to both the national grid and mining operation, also enabling the mine to become a "Net Zero Carbon Green Mine".

Beyond the reporting period, the Company entered into a Joint Development Agreement ("JDA") with PowerChina and Dyani Corporation for development of the proposed Solar Power Park (RNS Number: 0138M, 9 January 2023). The JDA is comprehensive covering financing, construction and operation of the Solar Power Park.

Bangladesh is on a trajectory to move from being a Least Developed Country ("LDC") to a Developing Country in 2026. Key to such a transition is a vibrant, growing economy. The way forward unfortunately has been made more difficult by the inflationary and supply-chain pressures (principally for energy) brought on by the protracted Ukraine conflict. Like many other net-energy-importing countries, Bangladesh has found itself in a position of not only facing persistent high inflation but also a 30% drop in both the value of its Taka currency against the US Dollar and its foreign currency reserves over the past year. This has impacted the ability to maintain energy supplies, particularly coal and LNG.”
The Government at senior level have a dialogue with GCM and its partner Power China about Phulbari. This is very important and is what you would expect with a project of this magnitude. When GCM make their official submission it will be a done deal that the Government will rubber stamp. The submission must be close as the issue of coal has become a major political issue. Bangladesh can’t afford not to use its own high quality from Phulbari.

Another good week for Condor closing on Friday at 32.50 Up 4.48% on the day having closed for Easter at 28.25p . Closed every day last week above 30p so CNR looking poised to move higher having closed on the days high. I suppose we will soon learn if Jim or Mark said anything interesting at Master Investor. It’s just over 1 month since we had the RNS update on the sale of the assets. Will we get another one next week to maintain the strong momentum of the last month as we await the first firm offer?

Will we see a move up at the close as we did yesterday as Nero has suggested big orders are being filled?
30000 Buy at 32.8999p is the most recent trade.

We are having the highest volume day of the week as volume reaches 5.3 million, which equals last Thursday’s volume when the sp moved from 14.66p to close at 16.90p.
Currently CHAR is showing Up 2.3% at 18.58p.
There were questions earlier about whether 2 large trades were buys or sells. The subsequent sp movements suggest they may have been buys. However because of how CHAR’s sp bounces around during the day as it is priced to the most recent AT trade the buy/sell volume figures are very unreliable. For example this afternoon 11 AT trades went through in a burst of about 1 minute all at 18.22. 3 of these were marked as buys and 8 as sells, which is clearly nonsense.
There is still 90 minutes trading to go. It will be interesting to see where we finish as we get another week closer to Anchois news.

2 buys at 33p have just gone through so the next uptick is probably not far away. Looking like at good finish to a good week.

The 5.81% relates to the last trade at 32.8p and is the highest price paid as we move towards 33p which is current full offer.
Currently CNR is Up 4.8% at 32.5 on volume of 428000.

Nero, I am very happy to go with your block trade explanation. There was certainly some unusual activity yesterday with such high volume not altering the sp until the close.
Jongle, your comment about Jim Mellon and Hamman is well made. Jim can have a big impact, just today he announced he had increased his shareholding in Bradda Head Lithium where like Condor he is the largest shareholder and a Director . Bradda Head is currently Number 2 on the Leaderboard Up 27%. We all remember the massive price he achieved for Uramin during the last boom for uranium. Jim doesn’t always get it right but he is CNR’s largest shareholder who has financed it for more than a decade. Jim will want to see a big return on this investment. I am sure he will be very bullish on gold at Master Investor tomorrow and will highlight Condor.

The 30000x2 trades at 9.15 are clearly a bed and ISA . Both trades are shown as sells adding volume of 60000 to the sell column which is not actually a sell. A 23000 buy has just gone through at 32.6999p which is the highest price paid so far today.

The trading on Thursday was unusual in that despite the highest volume in a month at 1.4 million the shares were traded in a very narrow spread. It was only right at the close that it moved Up 2.5% to close at 31p. The interesting point is that the last reported trade was 42000 Buy at 31.9999p, the highest price of the day. Let’s hope CNR opens with trades at the 32p level and has a very positive Friday.

21 trades have now gone through at 18p and upto 18.20. Looking promising for a close above 18p.