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https://www.bnamericas.com/en/news/gold-becomes-nicaraguas-top-export
Mixed views about today’s news, but I lean towards positive.
A down payment to secure plant should be imminent then ? That alone should negate lingering questions on remaining land purchases.
Drilling to demonstrate 5m oz is a must, and frankly should have been instigated a long time ago, imho.
Thanks Campbells, Simms, CCC, et al for today’s posts. Reassuring to read.
I believe we are obligated to allow these guys to continue to operate, and when we are in a position, to mill their product too. I can’t remember if there is a charge associated with the latter, but I think not the former.
My memory is rusty though !
Hi Seingred, sorry for the delay in responding. Life’s a little manic presently !
I think Russia have some involvement in Venezuelan gold mining, but I don’t think their motives are purely self-interest. They also help there in developing agriculture and the energy/oil sectors. I’ve often wondered if they Might also be interested in their old mines, but unlike Venezuela the operation is probably too small. Whatever they do though is above board I believe. No better time to buy CNR than now.
I spoke with MC about 6 or so years ago, at one of the London presentations, re small scale production. He wasn’t opposed to it, but I had the feeling he was paying me lip service. Times change, and recently, very quickly.
We have a great opportunity in Condor, despite the dilution, and the company shows all the signs of continuing to de risk and add to its potential. Continuing to move in the right direction despite strong headwinds not of their making. V strong, committed ii core.
I couldn’t agree more about ‘getting some gold out of the ground’, hopefully, and signs are, we’re trying to move in that direction. The scale needs only to be small, and we have the grades to make that viable.
There still seems to be a few old school diplomats in the world, and Javad Zarif is surely one, imho. Consolidating mutual support in a splintering world.
gla
I thought it may be of interest / relevant, vis-a-vis the geopolitical cloud over Nic at this time.
Nic, like Cuba & Venezuela, are on the US radar for regime change. How did Bolton describe them, ‘....troika of evil ...’ or some such ? Russia is a protectorate for want of a better word, and China, of all 3, and others in S & C America. Clearly that doesn’t sit well.
I certainly don’t think the govt want to nationalise foreign companies, makes no sense, that would be extremely isolationist.
https://www.fort-russ.com/2019/07/putin-nicaragua-can-always-count-on-the-help-of-russia/
Worth a listen.
https://www.silverdoctors.com/gold/gold-news/gold-mergers-signify-lack-of-discoveries-junior-acquisitions-likely/
Venezuela, Cuba, Nicaragua
http://theduran.com/us-declares-war-on-troika-of-tyranny-pushing-them-closer-to-russia/
Interesting article.
https://www.fort-russ.com/2018/07/after-the-failed-coup-after-all-the-lies-nicaragua-rebuilds/
Agree with you shareminator, from a political standpoint. I would suggest though that whatever type of government comes out of this mess, Nicaragua needs to augment it’s GDP. That would seem to be a fundamental. Let’s just hope things don’t go completely ‘off the reservation’!
I mentioned this at the outset of the troubles. Inciting youngsters at uni campus� is a tried and tested soros cia tactic. Amazed ortega has been asleep at the wheel, especially after the wake up call in the Honduran elections last year. Regardless of outcome I don�t believe it will affect CNR too much, other than time perhaps. We sure weren�t moving along too fast under the current regime. As yet, there seems to be no individual/party identifying themselves as an opposition to govern. Maybe Bezzell would be closer to that. My concern would be the rc church, who seem to have some sway in current peace negotiations. Am I correct in recollecting that they had a large finger in the El Salvador mining pie. Any thoughts Bezzell ? Hangin� In here ! gla