Member Info for poloshirt

Jim is a promoter himself really, that's partly what master investor is about, it allows him to big up his companies.

In fairness, gold juniors have always been very risky, with lots of issues along the way; so it is a well known strategy in the sector to paper over the bad, try to keep the investment coming in, as they are all generally loss making.

The same went for the big gold miners in the last supercycle, they were wasting money left right and centre. This is one of the main reasons gold miners in general remain in the dirt, investors don't trust them.

My opinion is that a lot of people got into gold miners via condor via master investor / Jim's rubber stamp of approval. I do have an issue with them spending money on the mill and then about turning and deciding not to produce. Everything else I consider to be fairly normal for a junior miner. But the company has to do an update soon.

Agree that there needs to be a proper update at some point. Frisby's article will only drum up interest for so long.

I note there are no upcoming Events on the Condor website so I'm assuming Mark won't need new presentation material in the meantime. It's a puzzle I tell ya.

I suspect they would have agreed a price of gold on which to do the valuation. Not 3k that's for sure. Maybe 2k, perhaps slightly less.

Then like anything it comes down to drumming up a bidding war between 2 maybe 3 buyers to get a higher valuation. Condor unfortunately say, well if you don't pay what we want, we will start mining ourselves, as it would clearly be a bluff.

I'm predicting close of day around 38p!

I think £1 plus territory is possible but would need a bidding war.

18 months into the sales process...but then again maybe a good thing given the price of gold has surged in that timeframe.

Looks like the major gold miners (Glencore etc) are getting ready for some M & A bidding wars.

Might inject some much needed life into the sector.

Dominic Frisby has been banging the gold drum for a long time. My take is that the price of gold will probably consolidate around 2200 but the miners will start to close the value gap; and silver will catch up this year.

Silver was the key form of money in the development of the global trading system in the early modern period.

I still think it is a form of money, as well as an industrial metal, but gold is the key form of money in terms of PMs.

It should catch up with the gold price ratio over time; silver based miners would be a very leveraged play that's for sure.

I made a ten bagger no less from Mellon's Polo Resources back in the day (hence my username).

The shareholders that time were nicely rewarded with a big jump in share price and dividend when the copmany was sold.

Make of that what you will but in my experience it's not this board's strategy to deliberately screw over shareholders.

This is nosebleed territory for the Condor SP.... there has to be a RNS this week.

Will we close the week above 30p?!

It's weird that both usd and gold are high at the same time. Some analysts think it is a short lived situation and the pog will go lower. I'm not so sure. Global debt levels are high, unprecedented outside of wartime (world war time), especially USA.

USD strength has little correlation with US debt; British sterling remained the reserve currency for a long time after British geopolitical decline and high debt back in the day.

Let's hope so. I only have a small amount of shares, I was tempted to add more when were at the top a few years ago, thankfully I didn't, this has been a rough ride.

Sell off in Price of Gold today, had to be expected at some point.

Come on Big Jim, get this over the line!

For any newcomers here are some reasons to think Calibre is the leading bidder:

1) they are already well established in Nicaragua

2) they were busy completing a previous acquisition until earlier this year

3) they have just raised further funding of $115million and indicated they want to expand in Nic (although it's unclear if this is through expanding existing sites or acquiring new ones)

I've thought Calibre were the most likely buyers from day 1. But obviously if they have made a bid it has been on the low side; maybe rejected by Jim; and hence why they've raised the extra money.

This is my obviously very speculative reading of events!

I think with big jim in charge 45p is the minimum. Maybe more between 50p and 65p. If Calibre maybe some paper.

Gold still doing well overall. FTSE selling off with Iran tensions. Condor up today a bit. IMO markets have been complacent about the Middle East crisis, whereas gold started ticking up from last October; it has a more prescient quality.

Longest period of radio silence from Condor since the (attempted) sale of the company was announced.

Easter hols can be a big thing in North America, not so much China, but if Calibre are going to make a move that could explain the wait.

Needs some actual news to stay above 30p. Otherwise it will bounce back down. Sentiment can only go so far.

Gold price is a factor I'm sure, but the main reason for a higher market price for Condor is by having a bidding war between 2 or 3 bidders. I've no idea if that is happening.

Gold also looks overbought if interest rates are staying higher for longer. But then again if Iran and Israel end up in a war, it will go higher regardless.

I think 50p to 65p is realistic without a bidding war.

To be fair there has been very little in communications from the company for the whole of the sale process. So I wouldn't read too much into that.

Happy birthday in the meantime!