The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
He predicted a permanent drop to 4 cents. We'll see if it's true. Many have extreme increases, then an acceptable correction, then it goes up again, then it doesn't go down below..., then other circumstances occur that cause the price to fall, but overall everything has been wrong so far. Only the person who said it will keep falling... is right so far.
I would like to know whether a value of 2.3 billion is realistic. And how much of this value would a buyer usually pay? 10 percent, 20 percent...? Can you or someone else bring me up to date with the usual valuations, please. I suspect that gold will be above 2,500 dollars in June. Will that change the valuation in the short term if we go to 3,000 dollars or has that already been agreed?
Can you explain the contradiction to me? Or do you have to defend your views so rigidly and belittle others because you can't stand the uncertainty? The uncertainty, at least for me, is caused by Tang's contradictory behavior. He is so convinced...but he is squandering our money. And...I know all the reassurances...he doesn't get a salary...financing is secured...but it doesn't seem logical to me. If you were so convinced that the approval would be given, would you now squander more than 30 million shares? Which in a few days would only amount to 1 million shares?
I'm sorry, but I'm a beginner and I don't understand what you're telling me. I thought your presentation at the weekend was good and balanced. What is your explanation for raising capital now? We were financed until the end of May and still have a credit line with Polo?
I'm sorry, but I'm a beginner and I don't understand what you're telling me. I thought your presentation at the weekend was good and balanced. What is your explanation for raising capital now? We were financed until the end of May and still have a credit line with Polo?
If you knew or confidently believed that your shares would be worth a hundred times more in a few days, would you sell them? No one would be that stupid. Tang obviously does not behave as he says... If you were confident that... Approval...
Why are these shares being sold for just a few pence now? In just a few days, we would have received a hundred times as much with the approval for raising capital. Tang knows that the approval will not come...or will come much...later
Will our billionaire get bored with the game and sell below value? Or...does he have a notion of value that he is stubbornly sticking to...and the rising price of gold is leading potential buyers to converge on that notion. As a billionaire and not bored, I would only sell at my price and not below my price. And if the price of gold reaches $2500 or more and no one pays my price, I will build the mine myself. I believe our billionaire is in a strong position and the price of gold is further solidifying that position. Condor's position has changed from please buy me to let's get a good deal. And sales comparisons with other mines are meaningless. Other companies may have sold at a knockdown price...but our billionaire is not throwing anything away.
Condor Gold (AIM: CNR; TSX: COG) is pleased to announce the results of an updated mineral resource estimate (the "MRE") for its 100% owned La India project in Nicaragua. The updated MRE is 9,672 kt at 3.5 g/t gold for 1,087,000 ounces of gold in the indicated mineral resource category and 8,642 kt at 4.3 g/t gold for 1,189,000 ounces of gold in the inferred mineral resource category. Just the value of 1 million ounces is at least $23.5 billion. Should we give it all away? Condor needs to make more than $250 million.