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Not Tookie Angus....I meant Ian Stalker - a Ross Beaty Ally

They wont be trucking to El Limon. They made a significant discovery there. So the hope is tolling to La Libertad which has the idle ball mill, but Pavon open pit material has 300k oz @4+ g/t and growing. Pavon material is going to La Libertad just like I said months ago and someone on this board disagreed bc the distance of the tolling. That would take a few years to exhaust. They're going to discover more material at Pavon or La Libertad...They dont even want to give Condor a cash flow re-rate. It's not in their interest. i met w/ ryan king at beaver creek 1 on 1 last year. that's my interpretation.

btw Tookie Angus is a Ross Beaty ally. Wonder if Beaty was given a board seat election in exchange for participating in the last private placement.

They asked Ryan directly on Condor Gold. He said best opportunity is focusing on their own ore. They spent a lot of time work & $ on their own lands over last 6 months.
Down the road maybe M&A. They are focusing on re-rating their own stock to peer average first. After that maybe M&A. They are keeping their eye on all projects in country.

https://www.youtube.com/watch?v=7-yHiEIg0Is

Ryan King of Calibre said they started permitting Pavon pit for Hauling to La Libertad. 250km away will cost them $25-30/tonne haulage but at least it's their own ore. They think they can continue to expand that high grade area. If they dont find anymore gold and exhaust all resource at Pavon & LaLibertad then maybe they might consider toll mining few years down the road. Someone let Mark Child know as he's still waiting for Calibre to call him.

Oil a big part of the costs, but not all of it.
-Best case study is the colonization of south africa and all its mines (50% of all the gold mined in history) - cecil rhodes
-Swiss Banking History
-London Gold Fix
-Jp Morgan & & his son, John D, Rockefeller, & Nathaniel/Natty/Alphonse/Guy Rothschilds - how they monopolized industries. and they do own the banks through Blackrock UBS fidelity, vanguard, state st and 100s of funds that people never heard of.
-Anglo American formation & establishment - Oil & Gold. Creation of each oil company - Royal Dutch Shell, Exxon, Aramco etc

Books on each topic are the best source to be honest. When you read a couple books on each topic & person you start to connect the dots.
Probably sound crazy to a lot of people so i will stop there on this topic.

Actually not really cherry picked EL...that was the time when Lundin bought out Pierre Lassonde's shares in Calibre . Right away his whole entourage pushed up the price bc of his reputation and ability to create value. 5 year chart your still in the red regardless: calibre would be down -33% while condor down -66%. Gold is cyclical and to be honest nobody should have been in this space let alone this company then.
The price of gold is managed and they raise it only in response to rising inflation which causes AISC to rise. Thats the reason for the '34 gold price revaluation, 1970s revaluation and early 2000s revaluation. This chart below is good visual of the last boom. The margins are all within a range. nothing extremely outrageous. People think gold goes to $10000 and AISC will stay at $800.
https://www.moneymetals.com/uploads/content/Barrick-Newmont-Production-Cost-vs-Gold-Price-2000-1H-2019.jpg

Mc specifically pointed out that the calibre shareholders were massively diluted. He Didn't think it was good for their shareholders to raise the $100m and also didn't think they could raise it to acquire b2 mines. Calibre mining shareprice has tripled since end of 2018 while cnr is -34% in same period. Gold is at 1550. IFC is going to lend hundreds of millions to Lundin for a mine build in another similar unstable country (to be announced pretty soon).

Single asset developers are not being rewarded especially in tough jurisdictions. They are too high risk for funds to own and wont touch them. This is a huge change from the last bull cycle. Many companies get only a fraction of what they spent on developing their asset. That is the game unfortunately throughout the history of gold mining especially if the establishment does not like your management. IFC obviously wanted to punish this stock for a reason. Also have to realize that if gold booms than it also means that ASIC are also on the rise. Might be a scenario where gold is over 2000 and this one hasnt moved. Only then will Mellon and MC be sitting there and reflecting the missed opportunities and the ones they did not disclose to shareholders.
diversify even within gold space. It's Safer so winners can absorb the losers if need be. Make sure this is not your only gold company u guys hold.

Clive Johnson's indirect message to Mark Child starting at 19:06 in the video. Someone who has a good project (pretender), needs to get out of the way. take shares in another company that can actually build the mine successfully. Great interview. Clive summarizes his whole career and talks what is going on in the gold space. He's built many mines and is deep inside the web of Kinross & Anglogold.

https://www.youtube.com/watch?v=0g1dzk7YHsk

Agree Seingred. Beaty is putting $ 3.15 m into his other Condor project. Note his share %.
https://www.luminexresources.com/news/luminex-announces-c-10.0-million-private-placement-led-by-ross-j-beaty/

B2gold has been divesting assets to prepare for something. Beaty helped B2gold offload a columbian asset last yr. I believe he knew B2gold was going to sell El Limon/Libertad at least 2 yrs ago and he wanted to buy them. He has deep ties with AngloGold & B2Gold. He wanted to be the one to find more gold at those mines instead of the Newmarket team. He likes Nicaraguan geology. His plan was derailed.

https://calibremining.com/news/calibre-mining-announces-a-318-increase-in-the-pa-1279/

Let's see how their sp responds in midst of tax loss season.

https://www.youtube.com/watch?v=r8RmHLISkb4&app=desktop
Pretty good lengthy interview where he talks about a lot of his companies he's involved with.
42:28 Ross Beaty talks Condor Gold. He wanted out in the past, Ceo has been a bit disappointing (wonder why), but still thinks there's opportunity (probably to just get his money back).

Interesting how Beaty has another company called Luminex Resources where he's 17% shareholder, run by his own in house management team and the name of the project is also CONDOR. They made a new discovery this yr.

Not sure LK505, but really seems that we cant really rely on your anti mining information. I think you should get a job.

They revived the dying FOSTERVILLE gold mine and transformed it into the lowest operating cash cost of $190/oz in the industry. They know what they are doing.

Like I said, government already offered them ore from some place else - they said no. They have many options and will probably exhaust them all before working w/ MC or partnering with the government owned asset. Pavon is closer to La Libertad than Condor fyi. Time will tell. I guess more patience.
They care a lot about their own Share increase. The way they do that is increasing their own resource and production.
The idle mill is ALREADY PRICED into their share price. If they turn it back on and feed it with their own newly discovered ore how do you think their share price will react VS making a deal with condor? Spending 8 mill is not guaranteed, but obviously was a risk they were willing to take before buying.

They're spending 8 million on drilling La Libertad looking to expand.

MC wont give you a straight answer for that question. You can forget about tolling to El Limon. Their team also believe La Libertad has 4-5 years mine life ahead of it before it runs out. They talked about trucking Pavon too if needed.
https://www.commodity-tv.com/play/calibre-mining-optimizing-acquired-two-small-gold-producing-mines-from-b2-gold/

I heard the government also owns small open pit gold assets that can be offered to Calibre if they need. They have many options before going to MC. They're looking for a 3X market cap re-rate to peer producer average and then they will go shopping for more mines in Americas.
Even tho there was big dilution, their share price keeps treading higher from the low point of last years Nica protests.

Base: Q2 - $ 460k revenue on 3 levels. @ $1280 Gold price average for Q2 aprox

Q3 - $670k revenue on 4 levels. @ $1400 gold price average for Q3
Q4 - $ 715k revenue on 4 levels @$ 1500 gold price average for Q4
question is how long will it last?
Roland wont want to dilute. Ball is in Dalradian's court. I hope they are motivated to get into production more quickly through a merger. maybe a possible reverse takeover.

https://www.proactiveinvestors.co.uk/companies/news/905861/galantas-gold-temporarily-suspends-blasting-at-omagh-mine-905861.html

Unfortunate and agree the RNS was poorly written. I think this is Roland's call out to Dalradian either as partner or for help dealing with PSNI. They have the means to take this 60k oz/yr . but at how much dilution going forward? This isnt the first time with issues with PSNI & the Omagh mine. Roland wanted to sue them 2 years ago bc they need 5 days a week for 2 hrs each day. PSNI agreed to 3 days a week for 2 hrs only for short term in May 2017. Lets hope this can get resolved quickly.
Dalradian also had dispute with PSNI for unpaid explosive escorting.

https://www.bbc.com/news/uk-northern-ireland-39690874
https://magazine.cim.org/en/news/2017/troubles-beget-troubles-northern-ireland-mine-development/
https://www.belfastlive.co.uk/news/belfast-news/gold-mining-northern-ireland-started-13039309

where is the underground footage that they "claim" they had access to?