Member Info for Punter64

If someone buys the whole company then they will need to pay extra for the 80,000 Oz of gold and 500,000 oz of silver we have to JORC at Rio Luna.

Yeo 40p here we come. Great stuff.

If we end up with six bids we really are off to the races

Yep, looks like the Chinese producer that was on site for eight days have put in an opening bid. Excellent news.

Four is great news. Let the bidding war commence....................

Gold and CNR on the rise again

Yeah, me too but it does illustrate that Condor still has value after the sale of La India which is good because we will still hold the shares if we get paid a special dividend distributing the proceeds of the sale.

Simms we have Rio Luna which is a decent project. 'The Concession, covering an area of 43km² in the Central Highlands of Nicaragua was granted to Condor in June 2010 and will expire in 2035. Previous explorer First Point Minerals completed an extensive programme of soil, auger, rockchip and trench sampling on the Rio Luna Project area to define 18km of epithermal quartz veining in three distinct northwest-southeast trending gold vein sets. This surface sampling defined seven principal prospects, five of which were drill-tested over several phases of drilling between 2004 and 2006, with a total of fifty-eight diamond drillholes completed for a total of 6,250m drilled. In November 2011 Condor announced that independent geologists SRK Consulting (UK) Ltd had estimated a JORC compliant Inferred Mineral Resource of 65 kt at 3.5 g/t gold for 80,000 oz gold and 28 kt at 56 g/t silver for 500,000 oz silver on the Concession using this drilling and trenching data.'

The process started back in November when bids were invited from any potential buyer. So six months from that date is the earliest anticipated date for concluding the process but it could of course go on for longer than that. Most of these things do! However we are certainly approaching the final fence now so lets hope our legs don't crumple beneath us upon landing on the other side! The BOD is very confident that won't be the case and with offers already in the bag it isn't hard to see why.

Not really! We already have two non-binding offers in (possibly more by now) so the most likely scenario is a bidding war between prospective buyers. Mark suggested at least six months for the duration of the process so we are getting close to that timeline now.

Another positive start with the rise in gold helping. I wouldn't be surprised if a prospective buyer of CNR has an order in to buy shares. Still got my money on a Chinese company winning the bidding war.

Err, 2.3 million proven ounces of gold at over 3g/t. The district is more likely to house 14 million oz once fully explored

Yes, well done JT. Fingers crossed you get into the blue too Connect

Told you 30p would go today! With mark Child needing to achieve 40p+ to get his bonus, this still has plenty more gas in the tank. We should be in the 40s in the next week or so. Happy days

Yep! Not been good but at some point I will get it right - like a busted clock

30p going this week ;-)

Lol, he is about as popular as a turd in a swimming pool

Q1 results should be out towards the end of the month.

I still reckon we will be sold to a Chinese buyer.

https://youtu.be/3PYuPkbyhKU
This is worth watching, shows what is happening in the USA with domestic physical demand and why. This bodes well for the future price of gold and our selling price. This could be a train that can’t be stopped.