Member Info for ICB888

007, I have not mentioned any shares being sold. The current position is 456000 Buys v 86000 Sells.

Volume has reached 406000 which is the highest volume we have seen since 20th March when volume of just over 1 million produced a closing price of 25.5p. That 25.5p was the highest closing price in over 5 months. It would be encouraging to end Q1 at a new high for the year. Full Ask of 25.5p has just been paid for 35000 shares.

The Ross Beaty interview that has been mentioned earlier is a must watch for anyone interested in what Condor is currently doing with its sale process :
https://m.youtube.com/watch?v=qN7a3crJGo8
He explains the situation in the gold market and how it is changing for the better after sometime in the doldrums particularly for the Junior Gold companies that will be the biggest beneficiaries with some very large increases in value. The company he is specifically talking about is not as far along the road as Condor but he is clear he will take it to the point CNR is at now when he will sell to a large gold producer as he has done 8x previously.
This probably gives an explanation for Ross Beaty reducing his shareholding in Condor 2 or 3 years ago because he didn’t agree with the strategy of going into production. Ross Beaty is a gold industry legend and was spoken of highly by the guy from the Swiss Gold Newsletter who recently tipped CNR.
Condor is doing the right thing at the right time as the next bull run for gold is underway and the price of Junior gold companies is about to rise very strongly.

EL, I agree that the Ross Beatty interview is well worth listening to. He could just as easily apply all his comments to CNR except CNR only needs £100 million to develop it rather than $1 Billion! RB confident that we will see big increases in value in Junior gold companies and that gold will smash through $2000 this year and keep rising.

007 I think the sells you refer to are not actually sells. They will be a bed and ISA or a rollover.

As usual the bearish and incorrect Seingred chooses to overlook statements that don’t suit his deramping narrative. The Swiss man thinks the bull run has started:
“ Speaking at the Prospectors & Developers Association of Canada (PDAC) convention, he said a turnaround began late last October and was confirmed on November 4, when the VanEck Gold Miners ETF (ARCA:GDX) saw an 11 percent increase.

"The index was not up 3 percent, 4 percent — it was up a huge 11 percent," Bejet said. "My experience in markets ... is bull markets start with a bang, and a bang we had. So I think we're in for a lot of better markets and great profit opportunities”
Connect1 asked for my opinion. No one ever asks for your opinion but as a serial deramper you post it anyway.

If you are referring to the 4.65 million trade reported as the last trade today, it was actually a trade that took place at 8.15 am the day before I.e. 27th March. There have been 2 full days of trading since and it is very much in the price. Good to see AEX Up 4.6% today as we await various news that could land any day now.

I do think that CNR is worth £1+. This has been the case for sometime. If you look back you will find that Mark has said CNR should be £1+ 2 or 3 years ago. This was supported by others who used comparisons with similar companies to show how undervalued CNR is.We know for instance that Canada’s TSX attaches much higher multiples to gold mining companies than the UK. The guy from the Swiss Gold Newsletter spoke of CNR being massively undervalued when interviewed at a Canadian conference just after CNR had updated on the bid situation. He spoke of Junior Gold companies being very cheap as we start a bull market for gold. He predicted we would see upto 10 baggers.
CNR is now much closer to production with all its ducks in a row including a Permit to mine.
Mark is clearly very excited about how the bid talks are going so I assume the likely offers are attractive to him, which to me means £1 plus. I think he has some options that don’t click in until £1.50.
CNR have embarked on the asset sale precisely because the market refuses to attach true value to the shares which have traded at a massive discount to the real value for far too long. The current market cap is only £40 million but CNR will produce gold worth £ billions in its lifetime. The figures we have seen in the BFS and other studies clearly justify a share price of £1+

News is expected this month as per the last RNS:
“ The results of the initial 3D seismic processing and interpretation, to optimise the target location of the CH-1 well at the Cretaceous reservoir level, will be available by mid-March. Following a review by the Operator, the CH-1 well will no longer target the lower Jurassic zone. The processing of the seismic data is more than 80% complete.

· A two-week well-testing programme on the Ntorya-2 well ("NT-2") has been designed and scheduled for late March 2023, utilising a mobile testing unit, to provide additional information required for the design of in-field processing facilities and the export pipeline; in particular, an accurate measurement of the gas composition”
Let’s hope we have an update on those items this week to keep up news flow.

The current process is to get bids for the assets. There is nothing to prevent someone making an offer to buy the company at anytime. They are showcasing the value of the assets because there is a massive disconnect between the share price and the actual value of the assets. I believe Jim and Mark’s preference would be to sell the company.

Volume improving having exceeded the previous 2 trading days combined volume. Volume currently 150000 from 10 trades.
Todays RNS simply restates the sales pitch and leaves one in no doubt CNR is worth multiples of it current Market Cap of £40 million.
The guy from the Swiss Gold Newsletter who said Condor was very undervalued said it would be sold quickly because the major shareholder wanted it sold quickly. Will it be sold before the AGM on 11th May?

A summary of the interview:
“ One of my big themes today is that after this big bear market you can buy quality companies — companies with production growth — at a discount," Claude Bejet of Swiss Gold Letter said.

Junior gold stocks have endured a difficult bear market, but Claude Bejet of Swiss Gold Letter sees better times ahead.

Speaking at the Prospectors & Developers Association of Canada (PDAC) convention, he said a turnaround began late last October and was confirmed on November 4, when the VanEck Gold Miners ETF (ARCA:GDX) saw an 11 percent increase.

"The index was not up 3 percent, 4 percent — it was up a huge 11 percent," Bejet said. "My experience in markets ... is bull markets start with a bang, and a bang we had. So I think we're in for a lot of better markets and great profit opportunities."

He prefers to invest in gold exploration companies, but said that large companies are selling at low prices right now.

"One of my big themes today is that after this big bear market you can buy quality companies — companies with production growth — at a discount," Bejet explained. Those include stocks like Ross Beaty's Equinox Gold (TSX:EQX,NYSEAMERICAN:EQX) and Aris Mining (TSX:ARIS,OTCQX:TPRFF), whose board of directors includes Frank Giustra.

Bejet also suggested looking at possible takeover targets, mentioning Condor Gold (TSX:COG,LSE:CNR,OTC Pink:CNDGF) and Treasury Metals (TSX:TML,OTCQX:TSRMF) as companies that will potentially be snapped up.

On the silver side, he pointed to Keith Neumeyer's First Majestic Silver (TSX:FR,NYSE:AG), as well as Guanajuato Silver (TSXV:GSVR,OTCQX:GSVRF) and Avino Silver & Gold Mines (TSX:ASM,NYSEAMERICAN:ASM). Bejet also mentioned Aurion Resources (TSXV:AU,OTCQX:AIRRF) as a more speculative precious metals play to consider.”

The guy from the Swiss Gold Letter is very positive about gold and particularly Junior Explorers. He picked Condor out as being incredibly cheap at its current market cap. It will be taken out he says because “the largest shareholder wants to sell and he wants to sell quick”
So if he is right we should get a very good price. He is talking upto 10 baggers in the junior space because they are currently at rock bottom when a bull market in gold has just kicked off.
I recommend you listen and will be surprised if it doesn’t increase your enthusiasm for Condor.

Would 007 care to substantiate his remark about the Chinese seeming to be not interested as no such mention of this has been made by the company. Quite the contrary with the Company specifically mentioning the Chinese interest and the 8 day due diligence site visit.

I suggest that you remove the deramping troll Bushy From the BB by using the filter button. Do not give him the oxygen of engaging with his nonsense as it is ruining this BB which is his intention.

A further point to add to your list is that as I suggested on Wednesday there is always the possibility of a bid. Mark in the interview said that it was possible that this process could end in a share sale rather than an asset sale. I would be in favour of that and it would stop the comments regarding how will the value of an asset sale be fully reflected in the share price.

JLP ended the day at Number 12 on the Leaderboard Up 8.5% on volume of 10.7 million.
JLP unfortunately attracts attention from deramping traders who have succeeded in pushing the sp down to a ridiculous level. Let’s hope any 7p prices are now behind us and the rise back to 12p will continue as we await further news.

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.

Good post DDD.
I think your scenario where one morning this opens at a much higher level is highly likely. I hope when that happens it catches out the deramping traders here and on advfn that have caused so much damage to the sp for far too long.
I don’t think we can rule out the possibility of a bid for Condor instead of an asset sale once the value has been determined. I feel confident that the value will be at the top end of expections. I have never seen Mark smile so much and be so excited as he was in his last interview. Mark needs a good price to make a good return on his shareholding, which has diminished greatly in percentage terms over the years.
Hopefully the end game is not far away because let’s not forget they were talking to people all through the BFS process, so a number of parties have had many months do be doing their due diligence.

Yes Jimmy’s link is to the Morocco video. It is well worth watching although it has difficulty with delays to the connection to the guy from the Moroccan Government agency who will have 25% of Anchois. If we look back to the last RNS:
“ Adonis Pouroulis, Chief Executive Officer, commented:

"We have made excellent progress across all aspects of our planned development for Anchois and detailed discussions on partnering, gas sales agreements and project finance continue concurrently as we move towards Final Investment Decision”
Malcy in the interview in the presence of the Moroccan government official says he believes FID is very close and that will be transformational for Chariot.