RE: Interesting times!18 Sep 2020 12:57
Isa, absolutely! It is frustrating sitting here whilst other junior goldies are having their moment but I am confident that Condor's moment is coming very soon and so to sell here and invest elsewhere will only guarantee missing the majority of the rise that I've been waiting for here for so long. It is impossible to know the moment when any share takes off, and chasing it is like chasing a mirage, you'll never time it right unless you are extremely lucky, and timing it right multiple times is a near impossibility without insider knowledge.
Not worth it in my opinion, better to have a very large pile of shares in a company where the potential greatly outweighs the risk and sit patiently and wait for the inevitable rise. A ten bagger with a large pile is far more attractive than a 50% gain here a there with many smaller piles I would wager, even if it does take longer than expected.
Remember, it will only be a few more months of waiting until we have new of 100% land ownership, deposit on a processing plant and commencement of land clearing. Then we just need to have a definite decision of mine finance which should be Q1 2021 latest. At that point all uncertainty is removed and the market will price that news accordingly. News of toll milling with Calibre will really take the market by surprise as has not been priced in at all, and will also remove risk of dilution.
I am also thinking MC will use some of the funds and announce a HUGE drilling campaign to prove up millions more ounces whilst the mine is under construction and we'll start to see some bonanza grades reported which will put a rocket under the now increased share price. Good news will compound on good news, and 50p will seem like a distant memory.
The biggest risks for me at this point are political. The next 6 months will be full of uncertainty all over the world, the question remains how that affects the political situation in Nic. In some ways, the US is starting to look like the riskiest place to do business in the world! Things are deteriorating rapidly there and the election in November will undoubtedly be contested if Trump wins the electoral college vote, leading to more chaos and violence. If Biden wins then all bets are off for businesses which could see face huge tax increases. Ironically this could work well for us, if the US is distracted by internal issues then pariah nations may have some respite from a belligerent US foreign policy - then again US politicians may ramp up their aggressive foreign policy to distract US citizens from the chaos at home. We shall see. However, our resource is looking better than ever, we are fully permitted and essentially derisked. We have a billionaire backer in JM who seems to be supporting the company at any price so we don't need to worry too much about sellers (or potentially even funding) from here. Dilution is still a concern but hopefully that will be all cleared up over the coming months.
Hold fast and keep the fai
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