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The upside of the Toll deal is the reduction in dilution, and therefore is well worth the additional processing/ transportation costs. Mark knows this hence the proposal
https://www.sharesmagazine.co.uk/videos
Sorry copied wrong link.
https://emea01.safelinks.protection.outlook.com/?url=https%3A%2F%2Fmedia.moneyam.com%2Fa%2F2021%2F07%2F3-Condor-Gold-V2.pdf&data=04%7C01%7C%7C44840f8932f043ffffaa08d94cf72060%7C84df9e7fe9f640afb435aaaaaaaaaaaa%7C1%7C0%7C637625446547938325%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C1000&sdata=D1UA9Afo3vDzSo3bB2u2lwSzXN5e3k5qrfYBgwoJYxc%3D&reserved=0
Does the fact that it has not been announced on an RNS prevent MC from saying the exact % of land we have now acquired?
https://youtu.be/bnPMG0xtyhc
Mines & money video
Does anybody have a summary of when the different drilling campaigns have start, when the expect to finish and when will see results announced
Being a big lazy to be honest. If not will work back through RNS s
Cheers
Tester. Agree with what you are saying and that is why I have invested I was just helping to lay out the arguments for and against.
Yes I do believe it will come in, when is the really key question there is still a fair journey to travel - hence my investment
The other risk are
1 we do not have the money to build the mine, so we have to raise it somehow. Gold loans, loans equity and until the cash is in bank there is always a doubt
2 acquiring the land 5% left to buy
The market will only react when we have some of the unknowns close off. Until then we have lots of potential for a multi bagger, but that is the risk investors take. This is not being negative just realistic, and this is how I see my reasonable holding
Good analysis follow the logic, dilution would be reduced further with Toll mining if achieved
Also bet JM / first majestic would happily provide the £15m for new shares
So me it is just when not if now.
Presume whilst in NIC MC will now give Calibre last chance to enter into a toll agreement, until now they have clearly held the majority of cards and have tried to buy condor on the cheap when the money ran out. Now that we have more options Calibre may be more interested in a joint agreement
It would be icing on today’s cake
Does anyone have a link to the presentation from Friday thanks
MC was planning on staying across the pond until Xmas - not all the time in Nic assume some time in US Canada.
I believe MC is now in the country, hopefully we will now see progress on a number of fronts
Land purchase
Site clearance and preparation. (Will 90% of land to be cleaned now so do not need to wait for 100% of land to be purchased
Toll agreement either Calibre or mako - who may be a better partner now. They need some ore to process
Deposit on mill
Drilling
We should see progress
AF. I think you are right, i believe the RNS will be in the following order
1 100% land purchase, we need this before committing on the plant
2 Calibre toll deal, we can’t underestimate our set up costs. People, equipment. Etc. This would be an outlay and we need to have the Calibre plant operational prior to commencing our operations
3. Plant deposit. Second hand mill, lower Capel / less dilution, could the profit from our toll deal cover the shareholder part of funding ? This would be ideal
4 commencement of drilling
The key to all of these events will be the management of the cash. MC will not want to be held to ransom by another party because of cash. I trust Mark will deliver and yes we have made mistakes (biggest being the relocation of the village which cost 2 years), however I believe this is the time to hold and enjoy the ride.
Jim and Ross have not become billionaires by giving away resources at critical stages of mine development. Therefore to get there attention/ shares the offer will have to seriously north of £2 I think. Otherwise they will wait and go into production and keep the profit.
A JV May be more palatable
Calibre mining.
Looking for the boards assistant, I have always struggled to understand the value in Calibre buying B2gold operations, Given the high AISC costs at the B2 good mines, limited resources estimates why did Calibre buy the mines in Nicaragua. What are they hoping to achieve ?
Also what is the purpose of the Rio deal
https://www.proactiveinvestors.co.uk/upload/SponsorFile/File/2020_05/1590056380_Condor-Gold-Presentation-Proactive-21-May-2020----Reduced-(3).pdf
Today’s presentation slides sure video will follow
toll refining - in terms of the next steps to realise this potential is ir as simple as
1 permits for the feeder pits, expected shortly now we have had the public consultation circa end of the month
2 commercial deal with Calibre
3 deals with sub contract miners / haulage companies ro extract and truck the ore
hopefully 2 and 3 are agreed and drafted but not signed
questions for others input
what is stopping calibre doing the toll agreement? rio agreement?
do we need to complete any land purchases at either of the feeder pits
is the access to the feeder pits good enough to get the equipment there
opinions welcome
Toll deal. I appreciate the grades may be higher on the feeder pits and therefore economic commercial better. But the tested samples were from La India and worked when gold price was a lot lower
To be honest a toll deal from any of the locations would be good news for condor, and be a game changer. Could we do both locations ?
Reality is we need some promises to be delivered on time.
1 permits
2 land purchases
3 toil mining agreement
4 small scale production
The market has lost faith in MC, and to rebuild trust we need some delivery on time
JM May know more, but us on the outside do not
Half of the people were our employees so hopefully they are positive. But it appears to be a positive message to the community, land owners etc