Member Info for poloshirt

What can be established - all the non binding offers have been too low; the Candy merger could be serious, could be not; it's been over 2 years into a sales process which should have taken months not years if there was a meaningful plan B to build the mine.

We will see what news is released over the coming days but I think a possible explaination for today's RNS and Sky News article is that Jim and Mark and worried about Trump giving Ortega the boot and they want to get out of Nic asap, hence trying to orchestrate a bidding war. The market makers may not buy it.

It looks like a deliberate attemp to start a bidding war, I don't think the Nick Candy merger offer is what Mellon is looking for; they want a sale at a price that Mellon has in his head.

Sounds like they've got fed up of just hanging around for a big offer and have taken the initiative. Funny timing though - perhaps some worries over how the new Trump adminstration will clamp down on Nic? Trump already in talks with the political opponents of the current regime.

Ok thanks for your reply Condor Forever.

I've been out of this share but some time. I may load up on some at these price levels. I've now followed Condor closely for a while, it's been a very long drawn out sales process, whether that is due to lack of interest, or Mellon's holding out for a higher price, or both, could explain the last two years. Perhaps the US presidential cycle meant some buyers were waiting to see how it would turn out.

I've noticed Mellon is less publically active than in the past. His Master Investor blog hasn't been updated for a long time - infact there is hardly any new content there now. I've met Jim and Mark C back in the day, Jim has made some good calls on gold but his general market commentary has been poor especially in relation to big tech, but now I think the latter looks very toppy.

Maybe they need the loan to pay for some missing parts for the mill, then they can flog that for a few million, hence it doesn't mean the actual site sale is any closer. Why mention the mill in the RNS otherwise.

Big sell off in Newmont yesterday. Wonder if the juniors will follow.

I was watching a documentary on Nic today. I didn't realise how much Russia has in the country. They even have a dish about 1km away from the US embassy in Nic and it has been listening into US diplomatic conversations.

Also apparently 80 percent of cocaine that goes to the US goes through Nic.

Maybe they were just avoiding Dominic Frisby's calls and email as they don't like him!

Not much going on. I decided I will stay invested partly as I enjoy the posts on this forum.

Does MC actually own the lighthouse or is he renting it?

He must have good knees getting up and down those stairs.

It's difficult to say if we are at the beginning of the end of the sales process. Mark flying out to Nic again doesn't mean much, given as said below the negotiations are mainly going to be dictated by Jim.

By the end of this, most of the SPs will make superb detectives, given how much speculation we've been doing!

Agree with Nero it's very difficult to discern if we are at the start of a new commodity super cycle.

One thing I'd say about negotiations is that the ultimate bargaining chip is to be able to walk away from the table.

Condor can't do that, they've basically said we have no plans to build a mine / Plan B. I think that would be the ultimate leverage, not the rally in the price of gold.

50k! Punter by name, Punter by nature!

Let's hope it's deal time around the corner.

Thanks for boosting the SP in the meantime!

3 site visits in 18 months, though, hardly battering the door down. 1 of the companies in advanced talks has walked.

Mellon may be prepared to keep funding the company in his belief gold will continue to appreciate. It's his money, but it is a gamble.

There is a wider question which is: is Mellon in contact with reality in terms of valuation? Maybe a lot of companies have looked at the minimum asking price and thought not in a million years.

He isn't dealing with old Russian peasants here, selling their life savings via coupons, but professional companies who aren't going to pay over the odds.

If its any consolation Connect1, I'm down about 90percent on my other major share, a biomedical company!

After giving it some thought I think the RNS implies that nothing is really going on. Who knows maybe even the Frisby article was an orchestrated pump.

Calibre may be the bidder that has walked away. As others have said, there is no meaningful plan B.

And it's not guaranteed that the gold price will continue to climb.

I'm in profit as I got in around the 15p price but I may as well sell up as I don't think anything is happening here. I hope I'm wrong.

"In advanced discussions with one gold producer" is new to me, perhaps a positive sign.

Interesting. Meanwhile in London town we are back into the 20s in terms of share price.

The Frisby Bounce was more of a Frisby Flop!

Yeah I agree with some of the posts below. With this share, you aren't just investing in leveraged silver (volatile to say the least), but also the macro-economics of Mexico and its currency issues.

In other words, this share is not for the faint of heart!

There could be a number of reasons they've held back on the annual results. Have they ever done it before?

But combined with the fact they are pretty much blocking off communications (e.g. can't speak to Dominic Frisby), it is suggestive something may (finally) happen this month.

Price of gold means it is a better environment for gold miners but I think it too early to call a bull market yet. Inflation, geopolitics (threat of nationalisation), the fact all the easy to reach gold is out of the ground, all these things will weigh on gold miners going forward. Gold streaming companies seem to be a safer bet.

My guess is there will be more M & A activity and hopefully Condor will be part of that, but one of the reasons for the delay is that any acquirer will be doing a lot more due diligence than say 15 years ago. I also think it probably a deal will be announced this month.