Member Info for nero120

Spot price a few dollars shy of $2k!

Not to labour the point, but I'll just respond to your points.

"Surely continued dollar weakness is going to be good for gold though" - why would weakness against other fiat currencies be good for gold? By definition it is good for those other fiat currencies as they can therefore buy more dollar-based assets with their currencies. Note however, that does NOT include gold. It may be priced in dollars but it is effectively a separate "currency" and as demonstrated moves in a non-correlated way. This can be easily seen by looking at the gold price in all currencies, for example, does a weakening dollar allow you to buy more gold in sterling? No! However it does mean you can buy more US property or bonds, etc.

"As the value of $ drops, many will turn to gold to protect against devaluation of their wealth and drive up the price" - that is not untrue, however I would argue most dollar-based investors are invested in assets not sitting in cash so that effect will be minimal. US stocks are seen to be doing well so most will be invested there. However if US stock start falling then I'd expect to see more investors move into gold.

"The devaluation of the dollar should also make it cheaper for Chinese and Indians to buy gold again driving up demand" - No, as we've already seen the gold price is moving higher in all currencies.

If you believe that the DXY and gold price are correlated it is a hard concept to let go of, but all you need to do is look at the chart I linked, believe your own eyes and let go of any incorrect preconceptions! ;)

Tester, whilst I agree that gold will absolutely hit $2k very soon, don't be fooled into thinking that there is a correlation between the dollar (DXY) and gold price. Look at a weekly chart of both:

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

Just to pick two dates as an example:

2014: DXY: 80, XAU: 1250
2019: DXY: 95, XAU: 1285

So huge jump in the DXY over five years yet the gold price is basically unchanged!

The mainstream media likes to spin this narrative for some reason, probably because on the surface it's easy to swallow, yet it's complete nonsense. The DXY is simply the dollar measured against other major fiat currencies, why would it have anything to do with gold? The exchange rate between the dollar and gold IS the gold price (in dollars)!! That is the only metric that links the dollar and gold.

In other words, the DXY could reverse (due to for example the EURO weakening) and the gold price will still continue it's upward trend.

Personally I want to avoid as much dilution before production as possible. If mine financing without a toll mining deal would require many shares to be issued then I'd opt for toll mining and much less dilution, those 40koz can be replaced easily enough once we're drilling again.

The priority is get to production asap with minimal dilution.

Also worth bearing in mind, with the price of gold screaming higher recently creditors are queuing up to lend money to gold projects which will give Mark more options when it comes to deciding how to fund the mine build, hopefully he'll manage it with very minimal dilution. I've also heard this confirmed on various investment podcasts.

"It is hard to see what can stop gold at the moment!!"

Punter, the only thing that could realy put the breaks on gold would be positive real interest rates in the dollar, and that's about as likely as Paul Volcker replacing Jerome Powell as Fed chairman. Traditionally central banks have used leasing and futures manipulation to pour water over price rises but now it seems those bullets are all used up. Confidence in the dollar is taking a hammering and heading into an election when both sides will be promising more and more free money for voters there is clearly no political will to resolve this in the short term. I'm hesitant to say this, but this could be a runaway move...

What are "proven" drilling results?

Gold is great but silver is super, first majestic currently up more than condor today!! Loving it!

Quick update, silver is now up a brain shattering 7%!! GSR down to under 87 and in these insane markets the silver producers are up less than the metal they mine (First Majestic only up just over 6%) despite being heavily leveraged to the silver price! Sometimes we think the market has it in for Condor, on the contrary I think it has it in for all precious metal equities! Crazy times.

Back under 90, the silver phoenix has risen from the ashes! At what point does Condor's millions of silver ozs start to significantly increase the asset value? When the PFS was release the GSR was around 65 so a ways to go yet but we could get there a lot quicker than may be expected.

Weird day. Gold and silver holding up well against constant sells, above $1810 and $19.6 respectively. GDX and GDXJ up nearly 4%(!) yet SOLG down nearly 8%, CXB and HUM down over 3%, Condor down nearly 5%. You'd think they should be green across the board but who the hell knows with these "markets" these days. I don't bother to try and guess any more, the only thing that makes sense is gold and silver are going A LOT higher!!

Haha love how you try to change the goalposts after you've been called out, just can't resist embarrassing yourself can you? And I'm no sheriff, happy to let others post as they please but your insessant nonsence requires a response. And my breakeven? Oh look something else you talk about whilst knowing absolutely nothing - just a sad little narcissist with nothing of value to offer. I pity you I really do.

So boring Seingred. Fine, since you so like to post spurious claims whilst providing no evidence I'll do it for you. Here's a chart of CNR and CXB that covers the period of the protests in Nic:

https://www.tradingview.com/x/naw48ddQ/

Notice anything strange? Probably not seingred so I'll help you out. Both CNR and CXB are in a downward trend since early 2017, yet the protests started in April 2018. In fact, you can't even see the event on the CXB chart. If you remove the short 20 day spike on the CNR chart starting on the 6th April then again you'd not even know it happened by looking at the chart.

I'm happy to be corrected though, if you have anything more to offer than your worthless opinion (no offence).

No obvious bias in 7's post, clearly he's not trying to push an agenda like some. Carry on. :p

Seingred yes I agree, I wasn't suggesting that you shouldn't be able to ask the source of info posted. My message was in response to Slippery's in that *if* you don't believe CF you can always email MC and get it from the horses mouth.

He doesn't need to, email MC and he'll be happy to clarify to any genuine shareholder.

A new investor? Really? At least get the sodding ticker right. And if you want someone to do your research for you because you're too damn lazy then pay them.

Very simple connect1, the fed isn't buying gold or gold equities (read etfs). The markets are front running the fed, nothing else matters (for now...)

CF I think you mean far *more* undervalued than mako!

I was thinking about this today CF, once funding is secured and mine build commences wouldn't it be nice to start drilling those many tempting targets that have been identified? If I were MC I would be looking to allocate a portion of the mine build funds in order to start drilling those targets over the build timeline. A 50,000m drilling program to prove up 3-5 million ozs announced at the same time as mine build funding secured and finishing in time for the first pour might give the share price some extra rocket fuel don't you think...?