Member Info for nero120

Actually Barnard, once drilling can be funded from operations then they will have as many rigs as possible going. They know where to drill due to the extensive amount of geophysics and soil sampling already done. If the gold is there it won't take that long to prove up I don't think.

Seingred what I find "amusing" is that you're still here posting after all these years, yet not a single positive word do I recall you having said. The biggest question is not "where is the FS" but "why is Seingred still here".

And to the posters that outright call the CEO of the company they are invested in a "liar" well what can be said of such foolishness? I mean, the idea that complex studies aren't finished when some small time, ignorant PIs want them is just unacceptable right?! JFC.

"There has been a slight delay in the delivery of the FS Study due to the requirement to undertake additional metallurgical testwork and finalise the designs on the processing plant."

"Condor staff and our contractors at Hanlon Engineering, Tierra Group International and SRK Consulting (UK and USA) have been diligently pursuing the supporting work for the study for over 18 months and have made substantial headway in completion of that work, such that all technical studies are complete save the final analysis."

There you have it. Expect the FS to drop very soon.

Great post citizenblue, my thoughts exactly!

My last response via email from MC was mid-June.

Yes CF I message him now and again.

*emailing

Stupid autocorrect!

Has anyone tried ensuing MC to ask what's going on with all the delays??

Case in point, the article links to https://www.cbsnews.com/news/nicaragua-gives-permission-for-russian-troops-to-enter-country/ as it's source, article from June 11.

Thanks EL, I hadn't heard about it previously. Zero Hedge use mainstream media as sources for their original content or repost related blog articles. Despite changing over the years they are still the best aggregator/source for finance without going to SA or substack. Besides, where can anyone get reliable "news" from these days?!

https://www.zerohedge.com/geopolitical/russian-army-will-be-deploying-nicaragua-humanitarian-operations

Well that's going to complicate things...

Just wondering if anyone has messaged MC to ask why the BFS has been delayed for so long?

Simms the problem with predicting offers is that it is at bottom dollar valuations - companies are still being valued like we're in a bear market. Once investment capital starts fleeing risk assets and heading into the commodity space these nominal valuations will change radically. Regardless, Condor would never accept a bottom dollar offer so there's little point in speculating.

Agreed EL. M&A is a function of market conditions and the gold equity market is still unloved despite everything going on in the world. Until risk assets are annihilated and any remaining capital floods into the commodity space things aren't going to change.

When Mark talked about selling Condor in the past it was a perfectly reasonable expectation for a CEO of a junior gold explorer, as buying out the explorers was typically how producers increased their reserves. What he didn't realise was how long this gold bear market would last and the knock-on effect with regards to M&A, what little activity there was and the prices being offered were simply not attractive and so the logical conclusion was full steam ahead to production. Not the original plan but the wise person adapts plans when new info requires it.

It is unlikely M&A activity improves and the prices being offered increases enough for the board to accept an offer before we are able to start producing. We would have done all the hard work anyway, why give it all away for pennies on the dollar when we can have 100%?

Seingred speaking for myself, I have no problem with anyone trading this (or any) share and to my knowledge no one has been criticised for it - why would they? The issue I was responding to was people with egos far too big unable to take responsibility for their own actions, and thinking that blaming MC or criticising the company somehow absolves them of that responsibility. It does not.

Don't get me wrong, I understand everyone's frustration here, but I happen to think it has more to do with the wider "everything bubble" preventing cyclical investment reallocation (from tech/growth stocks to commodities) than to do with MC or Condor's board/management, as I've tried to explain on many occasions. By all means, anyone can criticise MC or others but if you don't have an argument and are just moaning because they didn't make you capital gains yet, then expect a critical response from myself or others!

If any of you have been invested here for 12 years *through a crippling bear market*, yet didn't sell and now complain about it on a BB with random people liking it to a prison sentence then it says more about you than it does Mark or Condor.

Oh and Connect, "just nothing that is actually benefiting us long suffering shareholders in my opinion" does not count as a "fact". No doubt you lot blame every misfortune in your lives as other people's faults. Jesus wept.

Caution! Don't watch this if you want to believe your poor investment strategy/choices is all Mark's fault!

https://www.youtube.com/watch?v=aCCxBtUDQvo

Besides that. it's good to see the rise back to 35p, albeit on low volume. We're all waiting for the BFS...

You're entitled to your opinion but in *my* opinion, anyone blaming Mark for the lack of investment capital in the sector (because THAT is the fundamental reason why our share price has not risen) has learned nothing over the past 11 years, and that is much worse than an investment that has gone nowhere.

Markets are cyclical (especially commodity markets), if someone had only told me that in 2011... well I wouldn't have listened as I'm stubborn that way but at least I can say these 11 years haven't been wasted - I have learned about the sector and about the cyclical nature of markets. I have also learned about extraordinary popular delusions and the madness of crowds, what a time it's been. We've seen literal trillions of fiat printed and thrown at all kinds of speculative bubbles. Thankfully and finally this is all coming to an end, as inflation will be the conflagration that will clear away the feckless and their debt-fuelled insanity.

What will be left will be well-run companies with valuable assets, like Condor. Despite his mistakes, I am far happier with Mark at the helm than some other AIM cowboy CEO out to deliberately fleece investors. Condor will rise BECAUSE of his efforts, not in spite of them as you suggest.

I did notice it, but it doesn't change the content of your recent posts. Like I said, shame.

Yes it's all because of Mark that the gold equity space has not done well since the 2011 bear market started... AF in my opinion you have thoroughly discredited yourself by giving in to the frustration and joining the Mark-bashers despite all evidence to the contrary, you used to be someone whose analysis I appreciated here. Shame.