Member Info for poloshirt

I doubt he knows anymore than us. Which is not very much.

Good point Geng...maybe this is a hostile takeover. The yoing replace the old as Al pacino said.

But why is chubb on metals board with hannan link? Would be a big coincidence.

Metals couldn't put out a rns like that without condor approving it. The litigation would be huge.

IC I should clarify indeed you are right Calibre are not losing money in Nic but they are not making as much as expected. Whereas Valentine they have discovered extra deposits and its their home territory. Also given some gold execs have been effectively held hostage in other non western regions may be a reason why Calibre have decided against expansion in Nic esp after Trump election who is now talking to Nic dissidents.

Good point. I suppose I'm out of my depth whereas mellon and candy know what they are doing. Plus given THG the deal may not happen then the sp will revert.

The CVRs are the reason I wouldn't buy in now even if there were a 15 percent upside on current SP in theory.

Electric that's quite a wedge you have in the company. I've enjoyed your posts down the years and hope for your sake Calibre pick up the phone.

I put a punt on once in a while but tracker funds are the best place to be unless as you say you are a billionaire and can stack the cards in ones favour.

Also given this saga has another 10 years in it before LTHs can see some positive returns the inheritance tax changes to AIM shares is another kick in the nuts for those who don't live in tax exile locations.

The narrative from Condor will change now it will be we've waited 2 years. All the offers were crap. Metals Ex is as good as you are gonna get.

As opposed to the last 2 years when everyone was supposedly banging the door down and Mark was on a flight back to Nic every 10 mins.

You've got to know when to hold em know when to fold em know when to walk away know when to RUN.

Broomtree where is this SP movement going to come from?

There are no other bidders. Mellon has agreed the deal with Metals as he has realised they can build the mine that Mark couldn't. And no one else wants the company anyway. Calibre had a look and they are losing money in Nic compared to Canada plus Trump hates Ortega.

I think Jim has basically jettisoned Mark for a younger buck who may eventually get some gold out of the ground.

The losers here are the LTHs. I don't see why they would get treated any better as Metals Ex LTHs.

This looks like a done deal with the Candy man.

I thought Calibre had been mentioned in the condor rns to try a different get them back to the table but instead it looks like they were mentioned so the board can say we had a non binding offer but it was lower than Metals offer.

Big Jim likes to think of himself as a geopolitical analyst and maybe he's decided Nic is a big risk with Trump back in town. I think LTHs who wanted a clean sale have caught the falling knife.

There was also an article in The Times today so I expect given the Hannan connection this was agreed before the loan in early Nov.

Certainly not a 10 bagger!

I suppose the answer to the question is also personal, in particular, what is one's long term average?

33p though, not very good.

May not be over yet, but just goes to show, not many people have made money out of this share down the years if it is. Inflation adjusted, it's been a brick.

Surely Condor have to put out a new RNS in response to Metal Ex's today.

I'd vote against it myself. But Metals Ex is probably counting on LTH fatigue and the fact this has been for sale for 2 years and with no Plan B/Leverage.

Saying that this may flush out Calibre or even Chinese with a better offer, neither Jim nor Mark are getting any younger and I imagine their preference is a cash only deal at a value of 60p plus.

Certainly put the cat amongst the pigeons.

Mellon would be disappointed if Metals Exploration is the final deal, but maybe he thinks Candy will get the project running and the paper will be worth it in the long run. As for LTHs, I don't think this is a great deal, it just means they will be LTHs for a lot longer.

There is too much detail now for this not to be a real offer rather than an orchestration to flush out other bidders like Calibre, nonetheless Hannan will probably be getting a call from Calibre today to re-engage.

Yes re Mellon being able to block a hostile offer, I'm not sure either - but would all the other shareholders accept a relatively low cash and paper offer?!

Too much for my tiny brian to process on a Monday morning but as other have said this has finally become interesting.

Nick Candy didn't acquire THG, after lots of briefing in the papers; obviously Condor is a smaller fish but I can't see Mellon agreeing to a hostile takeover. The plan could be to leverage discontent between LTHs and Mellon but still Jim has too many shares.

Actually Condor seem to have alienated Candy by talking to other parties and now they've alienated Calibre by mentioning an old non binding offer in the RNS. I'm not sure if this game playing is really accepted - ultimately when this amount of money is involved there has to be a certain level of trust and it seems that is disappearing due to Condor trying to leverage higher offers without any real leverage (e.g. Plan B) in the first place.

I was tempted to buy in but this is all a bit too weird at the moment.

There is a lot of selling as well as buying going on.

I think I was too cynical yesterday, this does not like a hostile takeover attempt by Candy, and it may well spur Calibre into action. What's that famous saying, don't believe anything until it is officially denied?

This is like dating someone, who isn't showing much interest, and then suggesting someone else is interested to make them envious.

It could be a masterstroke by Mellon to get a deal over the line; or it could blow up and leave Condor as the girl at the disco nobody wants to dance with.

If Condor had a Plan B in place these games would be unnecessary and ultimately there has to be a certain amount of mutual trust to get a deal over the line. The POG is also correcting and Trump has Ortega in his sights.

Who knows how this will end!

I agree why mention Calibre? Looks like an attempt to flush out higher bids from various parties. Also not sure Calibre would be happy about being mentioned.

I think the plan is to try to flog it to the Chinese as it has been all along but they haven't been biting.