The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
I actually took a small stake in RMM yesterday! Still holding CNR but the delays I've rather past ten years have taken their toll. Thought this was the year and unless a takeover happens will need to wait just a bit longer...
Not complaining but surprised to see a 50p buy price paid straight after 50,000 shares were offloaded.
Never understand the MMs as lots of buys share no move, sales it goes up. Lol, are they aware of something in the background? Good rns to come?
Now been over three weeks since the last drill update, was expecting results bi-weekly. Possibly last set were nothing special either way and to release RNS update together with next big result?
Would be great for Condor to have an enthusiastic PR guy such as Justin, same news Mark has been saying but makes it sound more positive. However no change in reality from before.
hTtps://youtu.be/BRXaPcqHDHI
That C-F is the roadmap that would suit me.
Could do with a few more big drill hole result RNS releases. Once proved beyond doubt we are sitting on a 5m oz region we could be sold. Who knows maybe MC aware of someone in the wings for that before "knocking on the door" and making us all a bit happier
Sorry it came across negative but I tried to keep it balanced.
After all 11years here and possibly another 2 (best case) until production and possibly any return on investment = 13years of capitol tied up (no inflation) and I'm still slightly in the red, not a great investment in hindsight.
If joining just now I would be much more positive I'm sure and Condor is a wonderful overall investment case, especially as we are now finding out just how good the gold grades are.
All in my opinion as you say, glad you have yours as that's what makes this board balanced.
Thanks for this Seingred, however I do belive overall Condors involvement and scale of operations will be to the benefit of the local population, unfortunately there will be some locals who prosper more than others through the deal and would hope that Condor act as fair as possible in all dealings with the local residents.
ICB888
The other day I said all was rosy apart form rb selling. What a difference 24hrs makes.
I'm.glad First Majestic completed their due diligence to accept newly formed shares as part payment for a piece of equipment they had that was surplus to requirements along with 3.5m million in cash. Those shares we all believe on here at 50p are worth a lot more. Fact is this is a fantastic deal for FM they offload an assest from their P&L which would only otherwise depreciate will replacing with cash and hopefully a returning investment. First Majestic never sought out Condor to purchase shares with cash and invested as a opportunity.
From the Condor side of the deal we have made a commitment and progress by acquiring a SAG mill with large throughput which comes 12months ahead of of we designed and ordered one ourselves. However I asked a question on here the other day how much would one have cost if ordered from scratch, no reply. Someone else asked this yesterday in relation to the original capex how good a deal have we got for the SAG mill - MC replies with great question I'll need to work it out, don't actually know and possibly we didn't break down our original Capex to able to find out and I'll email the presenter later when I have the answer. What!! 6.5million and no due diligence on the cost.
Great news the drill holes are proving up mire gold and no negatives as of yet with another due to be released soon.
The land for me he keeps batting of as a non issue, however it will become an issue if we someone wanted to aquire us as I'm sure they will want this dirty work completed. The landowners I hope get a fair deal and not trampled on, yet at the same time agree with MC can't hold us to ransom and hopefully the government help sort this out fairly.
Still in and agree with Seingred will likely be 2023 by MCs own admission before production although with Condors lack of commited roadmap and dates will be fudged out to 2024.
Yes he states he's had 3 offers for finance but doesn't say whether good deals or not/passing comments or actual structured deals. For this study I hope we actually do the proper due diligence rather than the "I suspect it works out a little cheaper although I'll need to look back and work it out" - SAG mill statement.
All above are facts.
C-F agreed toll milling only way for quick revenue.
Disappointed MC didn't know the original Capex value of the SAG mill (how do we know we got a good deal other than 12month quicker delivery)
Land is an issue as owners playing hardball and government asked to step in and help out - this may drag on.
No timescaled roadmap as timescales are vague but "have plans on what is needed"
No mention of toll milling
PFS new one going to be carried out, although not yet known by which company, when decided who then hopefully appointed within 4 weeks with another estimated 4 months for report to be complete!
Finance will probably be 6months - likely longer knowing condor timescales.
No mining next year as that looks likely to be construction year so 2023 before income is likely.
Extra parts of the mill not known what is fully required or the capex, hence not on order yet (could be new or 2nd hand) will probably wait on PFS before ordering.
Good news we know we have gold and more drilling to prove it.
I think stalling for a buyer is the play here. IMHO
Not the best Q&A and the answers beg for another set of questions for clarity.
Sorry if this comes across negative but that's the way I interpreted it. Hopefully someone else picked up on more positives than I did as only watched it , scared to a second time in case sends me to sleep.
Thanks for the replies, I'm going to get in .
This is from nearly six months ago in a Black News online publication looking for injustices. It does mention Condor and the billions companies are going to take out of the ground.
Doesn't mention the jobs, infrastructure or indeed the fact the locals wouldn't be able to extract the "billions worth" of product out of the ground.
Trying to stir up trouble where there is none and best ignored.
Thanks Campbells,
Do you have a link. Only similar story I can find is from 2020.
Hi, I have been thinking of investing here recently and would be grateful if someone can give me a quick bulletpoint overview of positives, negatives and timescales etc.
I currently am invested in Condor Gold, have a punt on Rolls Royce and recently with ECHO. In addition have recently started dabbling with Cryptos.
Any replies welcome.
Another price monitoring extension in place, hopefully during to buying pressure rather than selling.
Totally agree we need to be able to attract large investors without offering them free shares or warrants just some individusl or company who thinks this is a great entry point to invest.
Look at echo energy's website - how much clearer and more professional than condors is this.
https://www.echoenergyplc.com/
Also a roadmap with timescales would be a great addition for potential investors to view. Take your pick of a nice basic easy to read template from here! https://images.app.goo.gl/CmPjkJzWbqTqtGCW7
Website only part of whats required when it comes to self promotion mind. Mark Child is good at getting his points across but "in my view" does so with a touch of arrogance which is always endearing to the listener. We could do with a slick PR/Sales personality giving Mark Child a break from these duties and I would bet the same messages given would be more greatly recieved.
This isn't an all out attack on MC as think he is doing a good job running the company just poor at the investor relations side of things.
I may have missed this somewhere but does anyone know what the SAG mill would have cost if made to order?
I'm all for sharing tips on here no matter what the tip.is. but general rule needs to bring it back to condor. I myself used to get frustrated with the Crypto talk and being honest a little jealous at the time woth condor not returning anything for 10+ years so decided to join 'em with a little gamble, which has paid off.
Now back to Condor and to me all looks rosy, except the big seller in the room. Interesting so many options as discussions and friendly wagers today have proven. Let's hope news of good drills lands this week and financing and remainder of plant can't be far behind.
Please all this lets keep this a great board with no fear in posting your thoughts/viewpoints and please,please keep any tips coming.....
Good man. Christies is a great choice as well.
Gold prices by end of April/May will have bottomed and banks covered their short positions ready for the rise, according to this view, which I think makes sense, however how many times have we heard this before.... hopefully this is the real rally on its way.
https://seekingalpha.com/article/4416352-gold-stimulus-and-basel-3