Member Info for nero120

What "delay"?! You don't seem to grasp that two parties making a deal has no fixed time limit, it's a process that goes until until either a deal is agreed or one (or both) walks away. Why is that so hard to comprehend?

I don't think I'm a business expert at all, but I work in a business alongside sales people doing deals with the major investment banks and some of those deals can go on for 6 months+, even over a year, and we are talking about deals worth fractions of the NPV of Condor's assets, not to mention they are also FAR less complex in their detail.

And stating "nothing is happening" is blatantly untrue isn't it?

You're frustrated I get it, we all are. But as I said before, securing a deal will take as long as it takes.

What kind of an idiot puts a deadline on trying to secure a $100 MILLION+ deal?! A PI with no actual real world experience (in anything it seems), that's who.

In my company we do £100k+ to £5M deals and though I don't work in sales, I know exactly what our clients AND our sales people would do if you told them to force a client into a time period or we walk away. It would sound something like F*** OFF.

Securing a binding offer will take as long as it takes, so DEAL with it (har har).

So Seingred, Condor is your largest holding despite the constant negativity?! Wow. It would be kind to say that's a bit disingeuous. Others have accused you on more than one occasion of de-ramping to which you strenuously object, yet you admit you've managed to build yourself a sizeable position. I suppose it does help to get the old average lower when other PIs get nervous and decide to dump their shares, no harm in encouraging them to do so whilst you pick up their shares behind the scenes right? I mean, personally I think that's pretty scummy behaviour, but I guess it's not illegal.

And why do you keep bringing up my wife? Are you some kind of creep as well? On second thought, don't bother answering that, I know the answer.

Yep, more than happy to disconnect.

Connect1 if he'd have said "I'd rather not say" I would have left it, but he asked me my average and I gave it. Why can't he reciprocate, what's the big secret? Instead he resorts to insults.

He says he's in here for "30-40k", well that's a fair chunk of change given such a negative view on the company. We all know Gold Exploration is high risk, it doesn't take a genius investor to figure this out! Most explorers don't even mange to prove up a resource and turn it into reserves.

He just comes across as an attention seeking bottom feeder, but that's just my opinion.

Seingred, you are nothing but a desperate attention seeker. No one got personal with you but you go straight there, like the pathetic little weasel you are.

No one else on this board desperately (and constantly) communicates how "great" a trader they are (thinking anyone actually gives a **** - classic narcissistic behaviour) their average without the all important total holding number, yet when called out you deflect and like a snake try to shift the focus.

And when you are called out, in desperation you asked me my average which I gave you, and yet you still try to deflect. Now, tell us the total shares you are holding or quite simply **** off.

Https://www.telegraph.co.uk/money/investing/gold-key-insurance-policy-against-central-banks-mistakes/

Yikes, Shanta just got plugged by Questor! Sell Mortimer Sell! But seriously:

"Nevertheless, small mining companies are not suitable for everyone, not least because things can and do go wrong."

Don't be silly, according to many of the posters here, running a junior gold explorer is a piece of p***!! Yet here are all these junior gold mining CEOs scrambling around trying to create shareholder value, and for the most part failing, they just must all be incompetent! Turf them out and get one of the posters here to run the show, instant profit!

/sarcasm

Haha I knew you weasel out Seingred, pure slime.

Seingred 41p. Now tell us how many Condor shares you hold.

Seingred how many shares do you hold?

Agreed Johngle, in all the years that he's posted here I don't think he's ever said a single positive thing about Condor, yet berates others for trying to see the upside. I really cannot understand why he's invested here...

Slippery, just my opinion but I think JM and MC HAVE to sell because for one reason or another they are not going to build the mine (and I don't believe they ever wanted to in the first place) and if they don't sell to a producer who will build the mine they will lose the permits. MC has stated that the sales process has a defined duration (not being disclosed), perhaps because they've agreed that time period with the Ministry of Mines in order to get the rubber stamp for conducting the asset sale. Of course, they will tell the market "we will not sell this cheap" and "if we don't get the right price we will build ourselves" (that's just common sense), but what they really want is the fair, market price for the assets as they know they won't be able to get more than that. The goal of the sales process is to discover the fair market price of the assets through competing bidders, rather than one low ball offer.

I'm guessing they will sell the assets this year, the question is for how much and none of us know what that will be, it all depends on whether they have some of these non-binder offer bidders competing with each other behind the scenes. But this is all just guess work on my part, I have no special knowledge different from any of you.

Johnnytaffia I don't agree, this company will never be taken private for the simple reason that the government wants the mine built and will not allow JM to sit on the assets whilst they gather dust. Remember, a number of Nic officials are also shareholders (Including Ortega's son or something if I recall) so if JM plans to screw over shareholders things get very messy very quickly. Much easier just to sell the assets/company and everyone cashes in their chips.

The share price movements as others have noted are not based on news or are in any particularly large volume, so the price volatility is high. It goes up just as fast as it goes down.

Condor has a PROVEN asset with an NPV of $400m and %20+ IRR. The market cap is irrelevant, what matter is the price that the assets sell for and that has nothing to do with the share price, it is about the VALUE OF THE ASSETS. We will find out in due course once a binding offer has been made.

"cancelling caution" HAHA!!! That's great! Trolls have feelings too - they deserve to be heard!!! Idiots.

Funny I was thinking similar regarding house prices these previous years - "that people buy at these prices"! Not working out too well for them now.

Oh well, that's living in clown world for you!

Dayster, there really isn't much to say. The assets have been proven up and derisked and are now in the process of being sold. This is the final stretch, now we're just waiting to hear what deal has been negotiated. Whilst that's going on the company is in hibernation to minimise opex, so not much to discuss.

DDD and remember that is only taking into account the FS and PEAs, it excludes the rest of the district and exploration potential.

Punter... you're an idiot.

Very good interview, must watch for all shareholders. MC looks and sounds confident.

There's clearly a lot of emotion flying about on this board but Mark states the facts clearly in the interview. There is no reason to think the assets won't be sold, merely a question of negotiating discount to NPV. Time pressure not a factor as JM is committed to fund the company whilst the sales process is ongoing.

Ignore the share price, as there is no real price discovery here - price discovery will come once the first binding offer drops.

Until then, ignore the emotional rants and allow MC and JM the time required to negotiate the sale.

Punter as long as it takes. And you sound like a child with your "Onion" nonsense.

PDP conducting a site visit for a potential buyer?