Member Info for nero120

So I'm "the most abusive and condescending poster on this bb"! Wow, that's quite a claim... I must be filtered pretty heavily on here then. Or, did I just hurt your feelings because I don't stroke your delicate ego? You do seem to use this bb as an attempt to inflate it after all, for example, just look at your language: "but also illustrating that stating mellon as justification for buying can be a mistake". A mistake?! So then in your opinion buying at any price that isn't the absolutely bottom is a mistake in your eyes? Well that's great for you, but that's not how I see it. I'm not in the share price prediction game like you seem to be. I am content to invest in what I believe is a good business and to be quite honest, I couldn't give a fig why any of the posters are invested here, what their holdings or averages are, I'm not even bothered by "derampers" (think that's the first time I've even writtent that word on here), each to their own in my view.

The only things I take issue with is egocentric narcissists attempting to inflate their egos at the expense of others, and glib posts that preach certainty about subjects that they simply don't understand (and are too egocentric to see it - see the first point).

Besides, if you and anyone else (Noel - still not answered my two questions by the way) are so great at predicting price why are you wasting your time here and not trading for GS, JPM, etc? Actually don't bother answering, I really don't care!

I find it odd that you like to namedrop me in your posts fairly often seingred, considering I don't give you a passing thought. I am no one special so not sure why you feel the need to do that.

Wow did you guys see the sell off in PM stocks yesterday? It's a bloodbath. GDX -3%, GDXJ -3.8%, HUI -3.2%! Some of my watches are even worse, First Majestic -6%!!

This sector is brutal. Think we got off lightly at -1.6%. We could really do with a sentiment shift!

Nice one Johngle!

Look at this weekly chart going back to 2011:

https://www.tradingview.com/x/haLWrDmB/

Each major run up conincided with large, sustained volume. It's common sense really, but if we want the share price to increase now we need volume and lots of it! What's the kind of news that could generate major volume? Certainly not positive drilling results! Perhaps news of FS being published, toll milling agreed, mine financing finalised? Q1 2021 we will see!

Notice how Noel didn't reply to my previous question, maybe he missed it. I'll repeat here so he can give us the answers he sees so clearly:

1. At what price do we bottom here, and when?
2. What will the share price be at the end of Q1 2021 with BFS released and mine construction financing announced?

...of it!

ISA this reasoning i do not understand at all, and smacks of conspiratorial thinking when the actual reason is simple and obvious (hello Mr Occam). First of all, exploration companies need capital to fund operations, primarily they get this capital by issuing equity, unless you know of a billionaire who's willing to hand over tens of millions and receive nothing in return? Secondly, the idea that Mark is purposefully diluting his own share holding (his life's work pretty much) just to give his billionaire "mate" more equity at less than the market rate, and in the process not acting in the best interests of his share holders, when he could simply go into the market and raise money at a higher price is ludicrous. Not only would that be acting against his own best interest but also it is a dishonourable action for a man like Mark, I just don't think it's in his character. As for warrants, watch any video of Rick Rule on youtube and he will tell you that he loves investing in juniors and the warrants are a big part of that. It's just a part of exploration company placings, accept it and move on.

In my opinion, Jim gets first dibs on the equity because he's supported Mark and the company for the longest time, probably paying a premium as opposed to getting a discount. As Mark said in the webinar, if he could have gotten a large producer investing for tens of millions he would have loved it! Most of the complaints here are that progress has been too slow, and in fact Mark confined my previous explanation that this is due to having to manage scarce capital. Perhaps in a bull market that would have been different.

I thought it was a good webinar, progress is being made and we are nearly at crunch point when the BFS and financing will occur. Btw, about four of the questions at the end were mine! I don't know about you, but I got the impresssion (from his very careful answer) Mark was essentially confirming from his answer that toll milling would happen (with Calibre) once the logistics (infill drilling, geotech, etc) have been dealt with. We'll see if that pans out. Also confirmed, don't expect a larger resource when the MRE is updated (sadly).

Mark also confirmed that they have made mistakes. The initial decision to resettle set the company back a few years, a painful mistake at that and one which he takes responsibility for. It just goes to show that investing in exploration stocks is risky indeed, we lost four years but could have lost much more. He also mentioned the political issues in 2018 but I would hardly hold him responsible for that. I am very much in agreement with Mark that the company needs cash flow asap, whether that is via toll milling or using our own mill. He even mentioned that drilling on Cacao had been postponed since the market was not rewarding any new discoveries, good call IMO. Let's get the BFS out and funding secured. This market sucks (investors only want to chase the easy money) so let's no longer be at the mercy o

https://youtu.be/ll8wsnawwgo

Good news, that means all drilling has now been completed on both La India and Mestiza so now we're just waiting for drilling to be completed on Cacao (5000m were planned, 3700m of which had been completed in September). Once the drilling is done that should relieve cash burn a fair bit. Remember though that drilling on Cacao is exploratory and so doesn't hold up BFS/mine financing.

At some point soon we should get a mineral resource estimate update since all infill drilling had been completed as of mid-October. That may actually provide a share price bump if the resource is significantly higher than our current resource, which as a reminder is:

- Indicated resource of 9.85Mt at 3.6 g/t gold for 1.14
Moz gold (Includes mineral reserve)
- Inferred resource of 8.48Mt at 4.3 g/t gold for 1.23
Moz gold

We should see a large chunk of those inferred ozs moving into the indicated category, and once the BFS is out they will contribute to an increase in our reserves.

Looking forward to Mark's update later today, hopefully we are making good progress on all the remaining studies. Yes it's annoying when the share price drops disproportionately on low volume but if you actually believe in the company and the project then quite frankly a lower share price is simply a buying opportunity.

Lol indeed! Very frustrating that we're down almost 5% on volume of only 120k! Oh well, at least we're not HUM (down 13.5% on LARGE volume, and down over 57% YTD compared to Condor which is down 38%).

Someone will hoover up a lot of cheap shares here.

"Stage 4 begins when the financing is done and construction begins. This is a sign that the project has been figured out, permits approved, and third-party due diligence found no fatal flaws. The stock value may increase on this positive news, especially if construction is on time and on budget. Its even better news if it’s a period of rising commodity prices."

Q1 next year....

Doesn't take a genius to predict a falling share price here (normal service really) where there is barely any interest/volume. Therefore I have two questions:

1. At what price do we bottom here, and when?
2. What will the share price be at the end of Q1 2021 with BFS released and mine construction financing announced?

If Noel's such a genius he can answer these questions and we'll see if he's right. If he is then I will happily call him Lord Genius for the rest of his days!

Yeah defo, not taking anything away from them, merely suggesting that it's difficult to compare them to us and conclude that we would see a similar up tick after announcing a toll deal. All I can say is, we are not privvy to all the particulars. Out of interest, anyone emailed MC to ask about it? Are we still under NDA, are negotitations ongoing, are we still keen on toll milling given how close to actual production we are, etc?

CF I'm not familiar with them but a quick look at their chart shows they only listed in June of last year. Their share price has been rising since so not sure that can be attributed to toll milling specifically or early-stage market excitement? They've also just about halved in value since June of this year.

Regarding toll milling there seems to be the idea that it's just a case of Mark saying "Yes" to whatever demands are being asked from Calibre/Mako, I don't think it's that simple. These are the facts, only Mark has commented publicly that Condor are keen on a toll milling deal with Calibre and previously B2Gold, but neither of those companies commented publicly on the subject from what I know. We do not know what the blocker is so it's pointless to speculate, and saying things like "just do the deal" are neither helpful or realistic. Toll milling will only happen if both parties are happy with the arrangement and the logistics are dealt with.

In any case, how do we know that the market would reward a toll milling deal to the amount that would make it worthwhile? Let's say on the news our share price spiked but realistically how much of a premium would a gold-averse market reward us with on announcement? Then take into account that we are looking to raise finance for the mine build Q1 next year, that's before any financials would be released that include the income from toll milling, so likely the market would not have fully priced in the toll milling deal and we'd be giving away a substantial amount of our resource to another producer for what gain? We'd still be raising finance with a depressed share price, meaning more dilution and even worse we've sacrificed a load of hard won ozs for nothing.

Now, Mark has mentioned a number of times that financing the build would not be an issue and has already had a number of approaches for funding. If that is true, then perhaps Mark has a way to fund the build whilst minimising dilution anyway, making the toll milling deal pointless at this stage. Remember, if the market is willing to reward a toll milling deal with a decent premium then by the same logic it should reward a BFS and finance announcement far more, given that it is the green light for Condor selling 100,000 ozs within 12-18 months. Alternatively, if the market is cruel and doesn't reward us, then we've saved ourselves from giving away many ozs on the cheap.

I appreciate how frustrated long term investors are with the share price, but (in my opinion) when comparing Condor to the rest of the gold explorer equity space we have performed pretty much on par, neither outperforming or underperforming others, though currently this performance is skewed due to the recent placing. On progress, we have to remember that MC has been very careful over the past ten year bear market not to dilute shareholders out of existence which means less placings, less capital and therefore less progress. Frustrating yes, but our share holdings still have value and the company has made fantastic progress given these constraints.

We are now derisked and verging on production, elections are out of the way and crucially it looks like the market cycle is finally turning. Hold fast and let's give Mark until Q1 and see what the BFS and financing looks like.

Exactly Awax, but my point is a single discovery does not represent the performance of the entire sector. Everyone here seems to think CNRs poor performance over ten years is due to management/bod, whereas I think it's fairly obvious that the bigger factor is the lack of interest from major investment due to bigger and easier rewards available elsewhere. Of course, MC and co are not perfect and no one is claiming they are, I'm sure JM has his own agenda. But the fact is that without him, buying we would be raising equity at even lower prices and more warrants for even more dilution. Let's not throw the baby out with the bath water.

Oh dear. Yet again simple Seingred demonstrates his failure to use a chart. Let's see, since 2011 CNR is down -77% (sob), but here are his other "picks" and their performance in that time:

WSBN: -96%
CORA: -31% since listed in late 2017, CNR since then also -31%
OMI: -87%
GGP: +358% well done seingred you picked a winner!

So 1 out of 4, of which CNR is equal to one and beating two, and this is supposed to be disproving my analysis? Jesus wept.

Hirsch try looking at a few other explorers ten year charts whilst you're at it, notice a pattern...? It's almost as if, gold equities have been in a bear market all this time!

Appreciate we are all frustrated here but maybe we should target the right people with our frustrations? Are other gold equities share prices exploding whilst Condor drops? No, because the entire sector is in a slump thanks to governments and central banks printing money to hold back the cyclical change. All these overvalued equities, cryptos and bonds (in fact anything feeding on central bank funny money to keep it's price elevated) need to drop substatially or go to zero. The establishment is desperate for this not to happen, so they do the only thing they can and print. They will do this until inflation forces them to stop, and the pressure is already building.

Were it not for Mark and Jim, Condor would be even lower. So might I suggest you all thank them for their effort to protect your investments and target your ire at the right people?

As I look done the posts on this page, there are probably 6 out of 25 that are genuinely discussing Condor, so it's puzzling that certain individuals keep pushing this line that "other talk/healthy debate is not allowed". As far as I'm concerned, anyone can post what they like - no one can stop you, but it goes both ways.

In my experience, there is a bunch of hypocrites here who don't really want to discuss Condor (if they do it's typically negative) and just want the freedom to pump whatever next best thing they are into, but don't like it when others disagree and then complain that their freedom of speech is being curtailed somehow. I wonder if everyone is getting so rich in other trades why they both coming here at all?

When you live in clown world you've got to deal with clowns I guess, hey ho.