Member Info for ICB888

21p paid for 30000.

Gold has just spiked up to 2044 as New York prepares to open.

Good to see another assault on 18p on volume of 1.37 million . The spread is virtually nonexistent 17.98/18.00

It is important to remember that the announcement of sanctions coincided with the filing of the CEDAR report which should have sparked a rerate as we were already massively undervalued in comparison to our peers. I think there is little doubt that without the sanctions CNR would have risen to at least 40p from that point.
Jim Mellon played a blinder putting that £1 million convertible loan in and immediately converting at 15p. Now we are 30p he has got all his money back if he chose to sell (which he won’t because it going to go much higher). But at least Jim provided all shareholders with the option to buy shares at 15p and told us to fill our boots. I bought more than enough shares at 15p to ensure I wasn’t diluted by the new shares that were issued. I am pleased with the 100% gain but am expecting to at least repeat that gain in the near future.
There seems unusual activity today as 1 million shares have changed hands within this tight spread 30/31.

It seems highly likely,as one would expect, that one of the 2 TSX companies that have entered the bidding process is our neighbour Calibre. Mark’s reaction when questioned on this was interesting. But I think it is useful to compare the share prices of CNR and Calibre to see where CNR’s sp should be if it was tracking Calibre.
When Joe “Black& Tan” Biden (who is currently touring Ireland for votes) decided for electioneering purposes to announce sanctions against some senior Nicaraguans CNR’s sp was 31p. In the following days it plunged as did Calibre and the other Nicaraguan miners. It has taken CNR 5 months to recover to the sp it had when the sanctions were announced. It took Calibre less than 3 months to recover to its pre sanctions level. Since that point Calibres share price is Up over 50%.
If CNR had tracked Calibre it should be at 45p now.
It would not seem unreasonable to expect CNR to continue to climb towards 40p as we await the first firm bid.

Gold has now moved Up to 2026. Jim Mellon will no doubt be very bullish about gold as he has been for some time, when he speaks at his Master Investor show this weekend. On the back of that he will no doubt give Condor a very positive plug . Mark will also be doing a presentation, his third this week. He is certainly putting full effort into the sales process.

Then someone bought 100000 for 17.51p. We have now seen 11 trades for a volume of 224000 with buys outweighing sells 2/1. Now change in sp yet as there have been no AT trades.

Some ingesting comments in the Swiss Presentation regarding Asset Sale or Company sale. Mark as he has many times said it was perfectly possible that when a price had been agreed for the assets the buyer may prefer to buy the whole company. He said buying the company was particularly likely if the buyer which to purchase CNR using its own shares rather than cash. Mark then explained that the reason they had gone down the asset sale route was to avoid problems with the UK Takeover code which limits you to dealing with 6 companies. There are no such restrictions on an asset sale and as we know CNR currently has NDA’s with 9 companies. My view is that Mark wants to sell the company rather than the assets if he can.

I just recall that regularly over at least the last 2 years Mark has said the sp should be £1 plus. I feel sure that’s what he is aiming for. Remember Mark has just over 2% of the company let’s say with options etc he will have 3%. So if CNR sells for £100 million he only gets £3 million which isn’t a lot for 14 years work developing a mine that will produce £ billions over its lifetime. There is strong evidence some of it mentioned in today’s interview which supports a £1+ share price when the sale completes. Mark again mentioned that the company could well be sold rather than the assets and personally I think that is what will happen.

At the end he said the presentation he gave yesterday in Switzerland should be available at 6pm or possibly in the morning. They will put it on the Condor website.
Mark said 4 to 8 weeks for an announcement of a firm offer but it could happen much sooner than that as a lot of due diligence is underway.

A bed and isa moves shares from a trading account into an isa account.

About 450000 volume that appear as 4 sales of around 118000 shares(value £ 20000 approx) are in fact 2 bed and ISA’s. When that volume is deducted from the sell side the buys exceed the sells. A 279000 Buy has just gone through at 17.4p, which is the largest trade of the day and an impressive vote of confidence.

We have seen a good rise here this morning but it has someway to go to get back to the 6th December closing high of 27p on volume of 2.5 million , followed the next day by an intra day high of 29.40p on volume of 6 million.
There is therefore a good precedent for this rise to continue in the coming days in anticipation of news.

Off to the races it would appear! Up 16.7% at 19.75p on volume of 770000.

19.44p just paid for 50000. This is starting to get really interesting. Number 6 on the Leaderboard.

Moving up the leaderboard now Up 11.8% at 19p on volume of 437000.

THE BOARD IS CONFIDENT THAT A BINDING AGREEMENT
WILL BE REACHED. INVESTORS WILL BE UPDATED IN DUE
COURSE.
CEO MARK CHILD
That was a recent tweet from Condor which is backed up a statement in an RNS.
The blatant deramping that has appeared on this bb in the last couple of days is unwanted disruption. I am filtering the perpetrators and suggest others do likewise.

Gold having come off last weeks highs over the weekend has strengthened again breaching 2020 in Hong Kong this morning. Currently trading at 2015, this is clearly a very helpful scenario for securing a good price for Condor’s assets. Condors best scenario in the BFS was based on gold at 2000. It is now becoming clear that 2000 is probably the new base and when Condors gold is mined the gold price will be considerably higher.

Well said Connect. CNR doing well and along come the deramping idiots to disrupt the board with nonsense. It’s a classic deramping tactic. I suggest everyone filters him and nobody engages with them. I am filtering now.

A second 32000 Buy at 31p a few seconds later so that was another Bed and Isa. Another vote of confidence that this is going higher as investors remain on board for a tax free gain.