Member Info for nero120

Nah just seingred buying back in after selling at a lower price! :D

Here's the link to the interview:

https://www.youtube.com/watch?v=OT66D031p_g

"We are leaving $1000 an ounce on the table for the next man. The profit for the buyer will be enormous."

Simms that's why the sales process is taking longer, because JM and MC cannot see why a producer should take that large a share of the proceeds when it was Condor that took the majority of the risk. Now certainly a producer will take a share of the risk (ploughing $100m+ of capex just on mine build alone, not to mention opex and then mine build problems/overrun and then operational risks), so given they take more risk they should take more of the prize. But clearly JM and MC are working hard to fight for a bigger share for Condor shareholders, as MC has mentioned in past updates.

Worth everyone re-watching the latest update:

https://www.youtube.com/watch?v=2cceaaysQWk

Agreed Simms, by all accounts it does sound like negotiations are progressing, as frustrating as it is. When we finally get a binding offer (which I'm sure will come before too long) we will all breathe a sigh of relief.

Https://www.tradingview.com/x/O0tQ5AdQ/

This chart should illustrate how ridiculous the price moves in this share are. From the 12th to the 20th December, the price rose 70% with volume of over 10 MILLION. Then from the 29th to today, it dropped 16% with volume of 970 THOUSAND.

This is why the share is a coiled spring. With a bit of buying volume it absolutely rockets. When a binding offer is finally announced, buying volume will flood in and the MMs will no longer be able to push the share price down to ridiculous levels on low volume as the market will know what the floor is, with potential for higher future bids.

Frenchie are you sure it's not the seingred board?! :D

I very much hope this is the last Christmas I spend as a shareholder in Condor! Let's all hope Mark and Jim get the assets sold soon for a good price and we can all move on to pastures new.

Something tells me 2024 will be an interesting year in more ways than one.

Very sorry to hear that Surrey, my condolences.

Seingred you have spent a lot of time and effort over the past few days (and the rest) swiping at condors potential, yet you're more than happy to comment positively on this board about shg or cryptos.

You say condor is your biggest holding but this just does not track. That's not to say that you have to go to the other extreme, but in all the years you've posted here it would be hard to describe your attitude towards condor as optimistic, let alone positive. Yet the moment the share price finally catches a bid, here you are posting multiple times a day how the deal is going to be struck at a low price but not to worry because you are already in profit.

Are you just doing this in service to other shareholders? What a good citizen you are.

And connect remember that just because new investors may have lower average their positions are much smaller than us LTHs. For them to build comparable positions it would push the sp up to our averages or higher even.

I would even suggest that when the assets are finally sold you should make a comfortable profit that in absolute terms would be much higher than newcomers.

Connect have you noticed the "sharp rise" yet? ;)

Just broke through the 200DMA at 23p, would be a bullish technical indicator if we can finish above this today. Then it's clear air up to 30p.

The sp hit 34p in April on the back of people positioning for a binding offer, when that didn't materialise those people slowly sold out over the rest of the year and the so drifted down. We've just seen a similar sharp rise to back then so I expect the same thing is happening, if so we should drift up to around 30p and then again there will be a short window for a deal to be struck before people start drifting out again. If the sp is 30p then it makes an opening binding offer of 40-50p more palatable especially with the gold price holding steady above $2000/Oz.

Let's hope MC can indeed get an acceptable binding offer in q1.

Steady rises are good Connect, shows that some people are taking profits as the price rises leading to additional buying. the 200DMA is at 23p so let's see if it can work it's way to that by the end of the year.

Would you paste the email here please immerso?

Ahhh we missed out on the top risers board on the home page by one place!!

Punter I could be wrong but I believe nominated "insiders" to the sales process are governed by the UK Takeover Code and are thus prohibited from buying or selling shares - though I don't know what the code says in relation to converting existing warrants.

Seingred, I shouldn't need to tell you that comparing assets based solely on the size of the resource is disingenuous at best. At least compare it based on NPV if nothing else, which as posted before is much closer than you'd expect. Not to mention that Nicaragua is a much more stable and far less risky jurisdiction than Africa.

Also, I wasn't aware that SHG are selling their assets? You wouldn't be making the mistake of comparing market cap to asset value would you? The stock market bears pretty much no relation to what companies actually do anymore, it is simply a vessel for paper speculation and has been that way since at least 2008.

The fact is noone here knows what these assets are worth to a buyer, it could be 20p/50p/£1/1.50/etc, no one knows until we get into a competitive bidding scenario and potential buyers are forced to put their cards on the table. ICB has as much chance of being right as you do. Besides at this point, I think we're all beaten down and hoping for at least 40p with anything more being all our christmases coming at once!

I'd caution everyone not to read too much into daily share price movements of an illiquid share (have we learned nothing?). Wait for confirmation of any binding offer before falling yet again into the Condor excitement/disappointment cycle!

Surrey, the price that the assets will sell for is unknowable, ignore all predictions as only the market can determine this. JM/MC are currently trying to enable price discovery through competitive bidding, but this will only really happen when the first binding offer is made public and subsequent competing bids come in (or not).

The share price (market cap) is not an effective valuation as LSE is general is losing liquidity. That does not mean the companies that list there are not viable/valuable, it just means investors are forsaking the UK stock market for other jurisdictions. AIM has suffered for this reason, and combined with huge disinterest in gold miners we have the situation where Condor has an NPV of $400m+ but the market cap is £25m. It is not a reflection of company value, it is a reflection of lack of interest in the stock/stock market.

Let the sales process play out and afterwards we can all debate how close the final price was to our estimations.