Member Info for Simms45

We have $2000 gold, we have 2.4m ounces of gold, we have one of the only ready to build mines of this scale in the world for sale, we have 2 offers and maybe a few more incoming. There is a good chance of doubling your money in the next 4 weeks. Tomorrow i suspect we will see steady movement north as we are still incredibly cheap. Plenty of options.

More like $1960. I think the penny is dropping and i think SVB was the canary in the mine. If more bank runs take hold and people question the value of the dollar as not quite so safe could be a gold push. Certainly $2000 seems very likely today and news coverage will send people into a a gold momentum. Kefi is sitting on a lot of proven gold so if rush to gold finally starts reserves should get better valued and finance made available to dig the stuff up. Gla and lets hope for some update from Kefi next week.

I think a lot of people when they look at trillions of dollars created out of thin air and so many countries around the world keep dollars as a safe store of wealth are just waiting for the day someone calls bulls**t on the whole thing. probably why shrewd investors like the Chinese are buying up all the gold mines before the penny drops and the rush to gold backed assets. imagine if all the world that use the US dollar as a reserve sent their dollars back to the US? It would be madness and gold would go into the stratosphere. US have been printing dollars for decades and rest of world happy to trade with it. Greatest magicians trick ever created. anyway lets see if any new bids transpire in the coming weeks.

Gold is really a big help in converting more offers and share price is rising again into the weekend. I guess we might get more offers in coming weeks and close the valuation gap between today and buy out price.

All looking very good as we could be left with a lot of licenses and perhaps Condor sold on top of the asset. Could be more value than we thought in Condor. Looks like price is rising again today as we move onwards as it still feels incredibly undervalued. Gla

I just see it simply as minimum price is $100m and hopefully up to $200m based on numbers discussed by MC recently. If you take the bottom price that is double today. The Chinese are not messing around and this company is very serious and when board in latest RNS says confident then you can sure the numbers stack up and apart from some curve ball we cant predict it seems very likely. Whether it is $100m or $200m largely depends on bidder 2 or anyone else who now they know we have bids will table serious offers. This mine over next 10-20 years will generate billions of profit. If the sale goes nowhere (which is actually hard to imagine given the language) i am sure some of the other 9 NDAs and other parties who showed earlier interest would be up for investing etc or JV and taking an equity position as part of that. I just feel this process will flush out a great outcome. The worst case scenario is everyone walks away and we have a gold price of $1900, Biden has accomplished his release of political prisoners so it seems that Nic are still on the naughty seat. However Calibre is generating record profits and no issues so raising finance should not be so hard now that the rhetoric is dialed down. The amount of capex for this mine was tiny at $100m so that is very small bear and the payback is 1 year to fully pay off the loan according to MC and team so a lender would only need to lend for 2-2/12 years based on 12-18 month build and 1 year of mine production so that is pretty clean. The odds are probably we see a double or triple the current share price in next 6 weeks and the short-term impact of the worst case scenario is a drop back to 17 and then probably a regrouping before some JV deal is announced. However we might even have a JV type offering in the pack already as a plan B. i am sure we have many options given the high level of interest.

Well i think Calibre certainly did not play with a straight bat, appearing to be close to signing a toll milling agreement and then pulling out that ultimately caused a great deal of damage to the companies reputation and the share price perhaps did not ever recover. Obviously who knows what happened. Sure i do not think any shareholder will not be dissappointed that an agreement was not agreed as Condor would be in a very different place but if you think about it Calibre have us exactly where they probably wanted us to be not producing and where they probably hoped they could pickup for beer money. Fortunately JM has too much invested for that to happen and could bankroll this to production alone if he wanted to i was never quite understanding how Calibre approached this as it would do them no benefits as they had a empty mill for years doing nothing so they lost some easy revenue.

Hopefully keep the duo out of mischief.

The board (the “Board”) of directors (“Directors”) of China New Energy Limited (the
“Company”) announces that Ms. Wong Mei Ling (“Ms. Wong”) has been appointed as an
independent non-executive Director, a member and the chairman of the Audit Committee, and
a member of the Risk Management Committee of the Company with effect from 15 March
2023.
Ms. Wong, aged 61, obtained a master degree of Finance of the Curtin University. She is
a member of Hong Kong Institute of Certified Public Accountants and has over 20 years
of experience in accounting field. Ms. Wong was an independent non-executive director of
Global Token Limited (the shares of which were delisted from the Growth Enterprise Market
(GEM) of The Stock Exchange of Hong Kong Limited (“Stock Exchange”) with effect from
20 April 2021) from December 2016 to April 2021. She was also the chief financial officer
of Sun Television Cybernetworks Enterprise Limited from July 2011 to January 2016, and
the financial controller of Up Energy Development Group Limited (the shares of which were
delisted from the Main Board of the Stock Exchange with effect from 5 January 2022) from
September 2006 to July 2011.

For new investors probably worth going over the last investor presentation showing 2.1m ounzes across 3 resources https://www.condorgold.com/sites/default/files/presentations/Condor%20World%20Gold%20Forum%20Americas%20-%20Sept%2022.pdf. The interesting part is are we just selling La India or including Mestiza and Americas as well? Maybe we sell La India to the Chinese and keep the other resources? Have to remember that Condor own one hell of a lot of licenses. This is the list and probably all of them have gold as it is all along the same vein as La India but unexplored "La India, Espinito Mendoza, Cacao, Santa Barbara, Real de la Cruz,Rodeo, La Mojarra, La Cuchilla, El Zacatoso, Tierra Blanca, Las Cruces, Los Cerritos". Condor has one of the largest land packages for exploration of gold so if we consider that bids are just for La India and if we banked $100m-$200m then what is to say we do not get a special dividend but then start production at Mestiza or Americas on smaller scale or sell other licenses or go back into exploration? Mestiza and Americas are ready for toll milling or small scale production today! If it was not for Calibre playing games i am sure we would be generating huge profits last 3 years. That i guess still might happen. Certainly its clear Condor is wildly undervalued by making factors and board are fed up with the market value determined by investors and this is the only way to create value.

I hope the timescales are sooner as i think investors are expecting an update this month, that if correct, and we are moving into the final phase then the share price will start to gain altitude and we have warrants that trigger at different values so money will be flowing in. To trigger those warrants we probably only need to get to credit and have definitive agreements out for signature and that could be announced certainly within next 6 weeks. Then call an EGM and sign off and then another boost upwards. Harry said recently in webinar they have have access to short-term instruments and borrowing so that is the defaul and a placing would kill off the warrant story and throw financial closure into trouble so i really think Kefi will keep the borrowing going and use the pressure to work hard to finalise this deal. It seems very close from last webinar and latest EG murmurings that its happening. Of course we have had our fair share of curve balls but lets just hope that this time all the moons are aligning and there is no more problems with getting regulatory issues resolved as for the first time ever they came out and said it was being sorted. i am expecting an update next week or the week after with bigger news so we can step change to 1.3p from current ridiculous valuation of £30m. Surely that market value is bonkers low for what we have? We have invested close to $100m already to get to this point (crazy but thats our cumulative equity in the project) over last 12 years and have a broad and valuable portfolio of assets ready to get to production. Come on Harry.

You have you work every valuation based on its own merits. This is one of a handful of globally large proven gold reserves that while the base case NPV is $400m this is actually a 20 year mine life of 250k ounces a year in time. This is ultimately a license to print money for the lucky buyer. The actual cost of buying the project is tiny in comparison to the billions of profits over the next 20 years. You need to focus on that then decide of value as today Condor for sale and Calibre and Shanta are not. Maybe if someone offered double their market cap they might consider it but taking over an existing company with a different culture and old kit etc is not ideal. For the Chinese this is exactly what they want. They get a project they can build to their exact specification, employ their own staff and build their own culture from the ground up and in 2 years they will be making back from the price of the asset in a single year. That is worth a lot to the right buyer who values the opportunity. This is also strategic and for China to have more influence in Nicaragua. Now think whether other Western companies are not going to consider making an offer. I hope Cegamer is correct and 65p is the base price. That would be a clean triple bag from today and nice return for new investors that might happen within a few months. I am still hopeful Condor might find a way to keep us with some equity and JV with a major but if the price is right it will be sold to the highest bidder.

We have shaken off a few sells today but moving strongly into the close and setting up another position to push on tomorrow towards 30-40p that looks to be a good holding position while other bidders show their hand as i am sure from the nine 9 NDAs and $1900 gold miners will be bullish and most have enormous piles of cash needing a new home as gold miners have been making record profits last few years.

$1927 and rising. maybe the emperors clothes are not what they seem. another bank credit suisse is under pressure from horrendous bond losses and people taking flight to safety but what bank or pension fund did not hold massive bonds exposure. Madness kneejerk interest rate rises will be seen as next cause of huge instability but as gold climbs value of Kefi will continue to rise and must surely boost investors to get a move on and take advantage. this deal started back in days of $1250 gold and now we are nearly $2000 so that should be plenty of motivation to conclude deal.

Credit Suiss is one under spotlight today but there are probably so many caught with massive losses on bonds from vertigious interest rate rises. It beggars belief central banks honestly think going from 0 to 4% interest rates almost overnight gives business any chance to properly plan. I get they are simpletons and focus only on inflation target of 2% but its totally out of their control anyway as it was energy prices that started all this and no interest rate, within reason would have any bearing on that. They should have just capped energy prices and blocked inflation. surely central banks understand that kneejerk rises in interest rates will clobber a lot of banks, pension funds, businesses as it takes time to adjust to new normal. Anyway Condor should be a clear winner.

$1924 and rising as maybe the emperors clothes are not what they seem. You can imagine another bank is under pressure from horrendous bond losses and people taking flight to safety. As gold climbs value of Condor will continue to rise and buyers will probably want to close deal sooner. At what price do other possible buyers try a straight takeover and try to crash the party as if gold hits $2000 i suspect anything could happen.

We are probably due an update in the next week or we will start to wonder what progress has been made. Has EG ticked boxes? Are we moving to credit? Are we close to definitive agreements as that is what London might have been around? All while this is going on Saudi is motoring ahead and we could get JQ news shortly. So much potential news updates that could catalyse strong movements north. If some people here are thinking April then this month we need to close down the loose ends and surely all thess meetings a lot of invested parties are attending must be finalising now. Even Blinken from US is making agreements with ethiopia in the hope of building more commercial ties so Ethiopia is in the best shape possible so everything is pointing to strong stabllity going forward so security is not an issue.

With all the news available in the public domain confirming multiple bidders there are not so many opportunities where the upside is conservatively to double your money from today in a short space of time as out of all those bidders something will land to suit all parties. We have the cash buyers but i am sure we have plenty of interest in JV and other mixes and some have probably yet to declare their land now this is almost certain to sell. Condor has languished unloved on AIM and like many companies the market will only wake up when you sell it. Gold price over $1900 giving any buyer their payback within 2 years of production and keep the mine for free that has 2.4m ounzes confirmed and easily another 10m so this mine will run for next 20-30 years. There is every chance gold will rise considerably over the next 5 years as central banks struggle and gold comes back to underpin the financial system as i think SVG was just a canary in the mine. For any gold miner this is a project that will keep on paying out and a shame we are probably not going to be the ones mining it but if the right offers comes in, hopefully 60p then that is fair. Given today we are 24p that is nearly a triple bagger.

30p looks nailed on very soon, maybe even this week, but bear in mind we were 32p before they announced this news so this is really just getting back to where we were. The big difference is the market will need to take the valuation of Condor seriously as it looks we have a bidding war that could take us up to 60p but who knows as these type of assets come up very rarely and only a handful globally. Certainly feels everything is about to happen in the next 4 weeks. I am still surprised that after the recent news showing just how strong demand is that we are only at 24p as it feels that is still a very large discount with minimal downside as i feel the thaw in financing has happened and funding is now an option and for me the best long-term outcome but if we can sell today for 60p then i guess it draws a line.

Love their cryptic news updates but looks very promising :

“ in-depth exchanges on further deepening cooperation and other matters.”

maybe this was connected to recent rise although i am starting to think Cnel is stealthily buying its stock and maybe another step will happen, although final results are maybe 2-3 weeks away so hoping for some meatier information. This news is big in so far we built a 400k project and many more to come in co-operation with Eleventh Construction. I am confident we sill step up again by results day as we cant go lower frankly as company is still practically worthless so i can see is using back go .45 soon and if Cnel carry out buyback, announce return to profit, good order book then maybe just maybe declare a dividend as that i feel is only way to bring valuation up and prove board are working for all interests.

I think we are as good as sold too. Too many interested parties and Condor wants to do a deal. However i think, as i have said beforein December i suspect finance was shuttered for a period of time rather than sit around Condor decided a 6 month process to sell asset made sense. I actually think that if Condor changed its mind it might have found partners out of the mix of buyers as i am sure some have talked JV or similar alongside asset sale so i think anything is still possible but most likely sold in April for maybearound 50-60p a share but would like to be wrong and it is more but thats why the market cap is so widely undervaluef and i am sure this has equally been a problem. Have to say it looks to be a UK problem as so many companies trade well below net assets.