Member Info for nero120

"Gold is back in a bull market – it’s time to buy":

https://moneyweek.com/500582/gold-is-back-in-a-bull-market-its-time-to-buy/

Not only do I not understand half of the erratic things you post for the couple of weeks you've been here, but what I can translate is factually wrong. MC has delivered spectacularly during this bear market, we have an expanded resource, permits to mine, we are solvent and dilution has been kept to a minimum.

If when you say "deliver", you mean "made me money" well then you need to take that up with "the market". MC's job as chairman and CEO is to run the company well, if the market chooses to ignore well run companies to throw money at established trends well there's not a lot he can do about that in my opinion.

Lots of doom and gloom here today!

Remember that first and foremost gold equities are still in a bear market, and until the Fed's interest rate rises break the current (crazy) confidence in the far too long in the tooth equity bull market, gold and gold equities are unlikely to make a sustained move upwards. We are seeing signs that this is imminent, so personally I'm happy to wait a few more years for this process to complete.

If we still don't move whilst major and junior gold equities are off to the races then I might consider throwing in the towel. But after waiting out the entirety of this gold bear market in condor I'll be damned if I'm selling out right at the tail end of it!!

As Patryk said, MC ha always delivered, but even he (as it turns out) can't beat a bear market. I don't think it would be fair to blame him for our bad timing...

I get the bronze! Happy new year Condorians, fingers crossed 2019 is our year.

At the Cambridge House conference last month, both Rick Rule and Marin Katusa considered B2Gold to be one of their biggest bets for a takeover, they are both investors I believe (Rick a long time investor). This will definitely turn some more heads towards B2 which might also make some more Canadian investors aware of us by proxy, especially if we do a deal with them.

Agreed. If MC agrees early production with B2 and has a non-dilutive means of funding drilling to prove up 5m+ oz (I imagine they already have some drilling programs worked out), that, in my opinion, would light a fire under the share price in the same way that SOLG experienced. Condor has shown in the past that the price can rise quickly and dramatically with a bit of decent volume, and I think that many investors are aware of the potential here - we just need the money to prove it all up. Secure that, and I think investors will pile in quickly as the risk of dilution is minimised and they know the price will rise quickly as the great drilling results are released and the true size of the resource becomes apparent. Very excited!

Yet the gold price is up?! That makes sense...

Better link: https://tinyurl.com/mcatminesandmoney

with Commodity TV:

http://www.commodity-tv.net/c/mid,39146,Mines_und_Money_London_2018/?v=298760

Lol, every other time we release news the share price either doesn't move or goes down. If they hadn't bought you'd be moaning that directors weren't supporting the share as the price was falling off a cliff. Nothing's good enough for some people...

Up 16.67% (4p) now and on the top risers board. It's good to be back!!

Yes that's true bottomzup, gapping up wasn't the right phrase to use. I meant that additional buys at this level might push the price up quickly if the large seller is now gone. Not many PIs going to sell significant amounts from here I would expect, and I would imagine there will be quite a few more buys as individuals might think the bottom has been hit and want a top up before we head back up higher.

Looks like the seller is gone, and I can't get a quote for any amount of shares via Hargreaves right now. Looks like we might gap up significantly today.

Cambells thanks for posting that vid, I hadn't seen it. I thought Mark gave a great presentation, good questions and answers as well.

9000 @ 21.045. Have another bit of cash waiting in case we drop to ~17p which is the previous low from Jan 2016.

LastChance, as others have mentioned, we now have a permitted mine so we have the option of forward selling gold to raise capital. Share issuance is no longer the only option.

Couple of things to bear in mind Aguila, B2Gold are in the process of getting the Jabali Antenna underground and pit permitted which will improve the economics of La Libertad. From B2:

"In the third quarter of 2018, La Libertad Mine in Nicaragua produced 21,995 ounces of gold, 39% (14,207
ounces) below original budget. As a result of the onset of national political unrest in Nicaragua,
development of the Jabali Antenna Underground project was temporarily suspended, resulting in flooding
of the underground workings. The Underground mine dewatering was completed in mid-August and ramp development has recommenced. Production from the underground operation is now anticipated to
commence by late-fourth quarter 2018. In addition, the mine permit for the new Jabali Antenna Pit continues
to be delayed although progress has been made. The Company now anticipates receiving the permit in time
to start production from the pit in the third quarter of 2019."

Also they put the increased AISC of El Limon down to the political unrest/road blockages and so expect costs to improve as production returns to normal.

Obviously we'll have to see if that pans out but just to say, the current negative snapshot for B2 in Nicaragua is not necessarily as bad as it looks on the face of it. Still think MC is looking to do some kind of deal with B2 though...

Someone mentioned to me that La Libertad only has a couple of years worth of production left with it's current resource. In order to extend the mine's life, B2Gold are attempting to get the Jabali Antenna open pit permitted, so far permits have not been granted.

They are anticipating that permits will be granted and production will commence at the end of Q3 2018, it will be interesting to see how this develops as it could present opportunities for Condor. Perhaps B2Gold would be interested in allowing Condor to process their ore at La Libertad, or for the right price, may be willing to sell the mine outright to Condor. Either way, news of early cash flow for Condor would definitely re-rate the share price.

Seingred why do you keep repeating the same crap again and again? Everyone is aware of your opinions, and the fact that only person upvoting you is the_shareminator should be enough reason to quit trolling this board.

"Which begs the question why hold and wait when investors can make money on gold producers like HGM, AAZ, CEY and possibly HUM in the next 3-4 months"

The day after the_shareminator said this CEY cut it's production forecast and the share price dropped like a stone 16%!! From Yahoo:

** 2018 production target of about 480,000 oz vs prior target of 505,000-515,000 oz

** Q3 gold production falls 24.8 pct due to delays in planned operational improvements; misses Jefferies' estimates by 15 pct

** CEY shares down >31 pct YTD; worst performer on the FTSE Midcap Index

I hope no one followed the_shareminator's advice or they're nursing a very sore head this weekend. Just goes to show, it's a funny old game. For comparison, CNR is down 16% YTD.