Member Info for Simms45

Plenty of news expected this quarter that should help improve confidence. Obviously would have been nice to jump into 2022 with a land / toll or BFS etc but realistically January is a good month to button them down and plan a more co-ordinated newsflow and depending on what happens will equally affect financing. Lets hope so anyway as otherwise his upcoming talks will a little lacking in new information from previous conferences. Lets hope the new week brings an update that will change things. I saw Alba gold more than double just on some director buys although the shares were really low but that demand from investors is there and waiting in the wings. we could leap to 40-50p very quickly, which i feel is still a low base to start from. We will see but just a week left of January.

You are spot on SB_1964 as the dilution was galling for everyone where the board filled their own boots with free warrants. I hope at this forum they get some pretty robust questions. Their salaries ,which are excessive, should have been at the back of the queue or they are not taking any risk themselves? When you have a company the directors should be the first to take a hit and then when they right the ship they catch up when investor sentiment respects the board for taking some of the pain. Harry and team run up a huge internal bill and instead of waiting for TK finance, which is always imminent, decided to dilute existing shareholders and increasing their stake. I will not be surprised if Harry now tries to release a new cash bonus scheme to add on top. you can argue that taking shares is some sort of sacrifice but they should have taken shares at 2p that was the price they were refusing to take funding earilier. I agree the assets are great and everything is largely in place but Harry has taken complete advantage from the carcrash that was his own making and does not have the honour to apologise to shareholders that his multiple RNSs stating financial close was imminent was at best optimistic or worst a blatant lie. His lack of any apology for all his RNS shenanigans is really very bad and he does not really show any remorse. Many investors were sucked in by all his RNS updates that TK financing was Dec 2020 / March 2021/ July 2021/ Dec 2021 and it is quite possible he knew none of it was true but happy to mislead shareholders to continue investing. How can you be 12-18 months wrong. i get 2 months or even 6 months but 12 months and more is starting ridiculous. Feb - May 2022 we are now told is the window. Lets see as Ethiopia is all but peaceful so he will shortly be not able to use the security as an excuse.

Watch gold spike when Russia if and more likely when they make their move for parts of Ukraine. You don't move 100k of troops to the border in the winter for the fun of it. Once you have moved that many troops and tanks its hard to tell the troops to all go home, it will be demoralising. Once you mobilise almost never do they not engage. We will see but i am still amazed how gold is only $1840 given inflation is running rampant and way higher than the silly 5% figure announced today. Energy bills will be 100% more very shortly for everyone within 12 months once people come off energy deals and with new border controls that started to come into effect on the 1st Jan importing food will rise. The bigger rises are expected in July when lots more paperwork is added to importing goods to the UK. Plenty of reasons for gold to find more favour. The volume today was pitiful and as usual share price drifted but we are 20 days into January and no updates yet so even more to look forward to in a shorter space of time as there should be a good number of releases, all positive i would guess this quarter that should help re-rate and bring in new investors.

Small update today similar to Topmoney that the auditor have started the work and it's expected that the 2020 result can come out in the end of Feb so that we can apply for re-trading.

It was before my time but i was wondering what happened to the Ghana project announced in 2017? Is this where Richard Bennett came onto the scene? it is so hard to find any information on any contract wins as surely CNEL will be securing numerous deals and fulfilling its backlog but if they did have 2-3 PR contracts then i am not sure they are doing a very good job. I have one company i invested in that cant stop talking ad nausea but continually dropping the ball and i have this investment where everything looks highly promising but a board that has never even shown their face, let alone offered any news or company update. There might be something in that but i find it hard to stomach investing in companies who simply refuse to divulge any news, even where it is a requirement of listing on the HKex to provide timely and transparent business updates. so far CNEL are failing the HKex miserably so i do have concerns that even with a positive internal investigation, new auditors we still might fall down or our hermit board who have no interest in engaging with shareholders or the HKex. As i have said before i would not mind all this if they wanted privacy but posted improving quarterly returns but this total self inflicted and very costly mess is surely a key event for someone to fall on their sword and bring in some new faces to the business. Lets see what February brings and hope Topmoney is on the money for their return to the market as i just have a feeling it is going to be longer as the gap is still so wide and i have not seen any steps that CNEL have in the last 9 months demonstrated to the HKex that they are going to change their ways and they are sub $50m so HK could well use this to impose some changes as we are well below the minimum market cap for this exchange.

Actions speak louder than words and i would rather Harry and team focus on the TK finance than ad nausea presentations as if you are doing presentations you are not closing the TK finance. While i am a great believer in communication and a reason i have given Harry a wide berth there does come a point where they could be adding to the problem by not focusing all energy on TK and making sure no stone is unturned. Could they not have had better security in place for staff going to TK and so on. These are things the team should be second guessing. What we want to hear from Harry at the forum is that every piece of paper that needs signing has been done and once the definition of peace we need is achieved that we commence the equity subscription. Everyone here does not want to hear those words "just one more thing" from Harry as he has had months to ensure all those loose ends are tied up as well as they can be. if we revert to the "detailed technical documentation" is ongoing that would be very poor as the one thing he should be doing is making sure all loose ends are tied up to ensure minimal delay.

Ethanol price is still above 2.2 which is a lot higher than it was in the last 5 years so if that average can be held and input costs not rising as fast it should have unlocked projects over the past 12 months.https://tradingeconomics.com/commodity/ethanol#:~:text=Ethanol%20is%20expected%20to%20trade It did spike to 3.5 momentarily but it is clear demand is continuing to head skyward and supply is having to play catch-up, which should be great for CNEL providing the infrastructure. I really hope that big PR contract in India has turned into some sales. Still very odd that for all the PR contracts signed there is not a shred of press release activity. One does still wonder :)

It is good news on some way. You cant get a new auditor without a clean bill of health so the gist of the “independent” investigation is presumably good. Does seem likely CNEL will now rejoin the HKex but fingers crossed they come back with something positive to prep the market return positively.

I feel i have been in Condor long enough to have seen plenty of ups and downs. When you can sell as much as you like at a fixed priced you know someone is buying as the MM is taking what they can for their client. However at those times when you cant even sell a few shares at a fixed price i am starting to learn that is a clue to the market makers and that goes hand in hand with drifting downwards on low volumes that sadly is a major factor for Condor. We will see but frankly we are so far below fair value the move from today up to 45p should be quick in all fairness as news will be incoming on many fronts hopefully.

All positive and a credit that Kefi are so open with shareholder dialogue, albeit the language used is not dissimilar to the past and that has not terribly accurate keeping the jam tomorrow rolling. It does seem the window is now firmly Feb—May for TK so we hope to start hearing all the right kind of news leading up to that to give greater confindence. We should get inklings February everything is going to happen. All investors etc will have spent a fortune on legals etc and Kefi has multiply confirmed everyone is still onboard. Downside given todays shareprice below placing by 10% does seems
limited given we are debt free after placing and 3 projects progressing with almost 3 BFS in place once Hawiah is released. That is very advanced for a mining explorer. We can just hope that the window is correct and things continue the way things are heading. As painful as it has been conversion of TK will change the game but obviously further delays will be pain so pushing JQ along in background seems a good plan C as that alone would be as big as many small cap gold miners today and capex is tiny. we have plates spinning and just need to keep an eye on Ethiopia developments.

Almost certainly JM injecting a little cash in at the side door as it matches his 300k entitlement, although could be a few others at that level but very unlikely. this option have 18 months left most will keep until the last minute and simply exercise and sell as opposed to exercise and hold. well lets hope thats the case but JM is simply building his stake.

Its a great point on JQ as i could not find the low capex needed. i take back my view as it could create great value and get some cashflow on the horizon but of course if a decent NPV offer came along i think Kefi should focus as they have not been able to get TK sorted and part of that must be resources spread around. JQ will be great to get the license signed off as that would be a value creating event but i suspect until TK is nailed all other news will be like water off a ducks back. Excuses and delays must be over and action needed to make sure once “security” is satisfactory they pull the trigger. No more “just one last thing” to do yada yada and then again. The drip drip is painful. plenty of potential here and plenty to be positive about but Kefi must make sure as much as humanly possible is done as Harry bonus was for 31st December so he must have almost everything completed as otherwise he would have been silly to sign himself for that. We have to assume the deal would have happened had civil unrest and kidnapping not happened.

As long as everyone hodls supply is limited from the looks of price movement and volume so any overhang maybe from placing might have gone so we might get back to a fairer view of the business value. That placing kicked Condor badly but hopefully we can make up some distance as we were around 45p before placing so for me this is a sort of holding position and that would still be cheap for where we should be at this time. So much news imminent that will all be value creating but little volume to appreciate where we are.

We will need to see how accurate this statement is

"Our Tulu Kapi finance syndicate sits on standby for when Ethiopia is ready ""
From how i read it this would imply other matters that have held us up in the past such as "detailed documentation" is now completed with legal due diligence. It is a key point in todays RNS as what all shareholders do not want is that once peace or the security situation to have improved sufficiently that the finance closure can be done at short notice. The concern of every shareholder is once the situation improves Kefi wheel out a range of further delays that could all be completed. If the syndicate are so keen then surely they can use the time productively now. The peace in Ethiopia is progressing well so security situation is very much on the right trajectory. we will see but JQ would be a nice bonus if we get that in the next few months. It is almost ready to go and is low AISC but personally i would like to see Kefi sell that onto someone else once shovel ready and focus on TK and Hawiah, that is more than enough to keep them busy. 3 projects is simply far too much given that one project in Ethiopia has tied them up in knots for years. They need to focus all resources and get things done quickly as peace is not guaranteed anywhere in Middle east or Africa. The key is focus and speed as the window of opportunity is maybe 6 months at a time before something else will delay progress. Kefi must know this and failed to complete TK finance for all of 2021 when they released RNS many times stating most recently financial closure in June and then October and then December before Civil unrest. The project is so close but Harry needs to make sure that once security is at a safe point everything is ready. I would despair if security improves and Kefi says there is some documentation to do etc that will take months. This should be getting done now subject to normal security being met.

There was me thinking 14 messages on the Condor board so it must be some interesting news but sadly not so much. i have no reason to think we will not hit 50p and £1 in time as long as MC and team delivers on the key targets this quarter including the PFS, land, and financing and if anything ever comes of the toll well that could mean we could forward sell this gold and could mean almost no dilution but if we want to hit 50p and beyond pre any placing we want land purchase dusted, toll and PFS saying we can get the mine operational earlier in 2023 that envisaged. That would be the best quarter. personally it should have happened 12 months ago for maximum benefit but listening to Book5 it feels more and more likely something has been in motion for sometime around Mestiza so if a deal was announced it might be almost immediately put into action as everything would be in place. We would certainly race past 50p on this news alone as it would mean the rest of the news is just a formality. failure on the toll will mean probable an uphill slog but we will get to the end and hope that the dilutions will not overly affect the share price.

Now that Bidens TPLF backing crumbled into the dust this article gives a sense of of Biden backtracking and now trying to recover some positions that were taken over by China who moved in for the kill. Abiy must be communicating through gritted teeth as Biden would have delighted if Abiy was deposed and the TPLF handed the US all the concessions they no doubt agreed would come their way (Renaissance dam delay, telecoms licenses, banking licenses, access for US corporations.....). TPLF will not be trying anything again soon as they have no support and financial structure to pay all the army wages once the US through its opaque front organisations ull the plug on the funding. Therefore the TPLF will need to agree a peace accord or fold as their army will be going back to agriculture. What a mess but it does appear nothing is fundamentally broken in the TK finance but the big question is how long before that security is at a level that banks are happy with? I really hope Harry will be pulling out any of his excuse bag to not complete on the financing once security is satisfactory. Still believe the fundamentals are all in place but it is going to take a big renew of energy from all parties, especially the EG to get this closed.

As we have seen before we are pegged at a price and never seem to shake it off and then almost without reason it starts to move up. This might be result of a overhang in the stock but realistically 1.5 seems the next point we should see very quickly and we just need DP to start releasing the news we hoped would come in December and we should get a spring in our step. I am personally hoping for a good first quarter to push us back past 1.5 and on towards 2p but anything is possible with positive news that gets ahead of the market.

steady on StockReady1 i think its a bit inaccurate to state i post "day in day out". I have been less than enthused with how things have materialised and positively against how the management are going to convert their salaries into shares ahead of other shareholders and they should have pledged to shareholders they will only take their salary compensation on completion of the TK finance and work tirelessly to get that Over the line. That for me is a major kick to shareholders as most shareholders who are in the red largely believing the RNS updates on debt drawdown deadlines that failed to materialise. Obviously if the company goes to the wall, as you push on a regular basis, the management will get nothing so you might well support the management on this? Others might read into it differently as i am sure Harry and team have every intention to make Kefi successful and not to work for the company for free for a period of time. No one could have predicted just how successfully the TPLF were at attacking Ethiopia but then again we did not know the US government were backing them and this more than anything has derailed proceedings. What Did Abiy do to upset the US so much? We do not know what would have happened if the TPLF stayed put in Tigray as we can only guess. My suspicion is that Harry and team all along planned on December 2021 and played a little loose with language in RNS statements that gave credibility to debt drawdown happening in june 2021 etc and hence the odd bonus clause date of 31st December, but even Harry was caught out by the TPLF. Does all this stop completely Tulu Kapi from proceeding? This is the question and neither you or I can know that but we can say what we think and just getting our thoughts out can make others question their own thoughts? i have no qualm with people taking down Kefi based on new information and vice versa. I am a shareholder and still do believe the projects viability with the EG as a 20% shareholder and that most of what we are told in RNS statements about bank financing is true. The question is one of time. How long i do not know. You will state we have a 31st January deadline but just as a said back in December it will get extended under the circustances it will be extended again. Harry wanted a short extension himself in the hope he could bounce everyone once the TPLF had returned to Tigray. It seems unlikely so i think it will get extended again. I am hoping not for long, maybe a month. Will there be more shenanigans along the way? Almost certainly as we are now annoyingly dealing with a relatively unstable country. This is the risk / reward profile.

Would certainly by nice to put a spring back into Condors step. 2021 was brilliantly executed on the BAU with so much clearing and prep work and getting the mill on site ready for deployment. However 2022, and in particular the next 1-3 months should be transformational as we should expect news on Land, PFS, Toll and Financing just to name a few biggies. There is also an outside chance that given we have done so much site preparation work the market could be wrong footed and Condor could get operational sooner. Calibre and the whole pack will be watching closely and will no doubt be making low ball offers that do not warrant serious interest but i suspect before we go into production offers over £1 will be coming into play as gold miners are awash with cash and need to deploy it on the next mine and Condor has easily 5m ounces. If you look at Calibre they took over the B2Gold loss making El limon mine and turned it around and paid off all their debt in a few years. Lets hope we are not sold too cheaply but we have to create some momentum in the meantime.

i would say the calm before the storm. Eqtec missed their financial targets in 2021 so in the short-term doghouse for waiting quite late in the day to tell the markets. However all they said is that deals are only delayed into Q1 so potentially revenue targets for 2022 might be closer and we should definitely achieve a maiden profit. It was a big shame that Eqtec did upset the market by missing their own targets but i would say if he can we should sail back to 2p Eqtec is a massive company in the making. it has all the hallmarks in a good (but small) management team, a massive potential order pipeline around £1bn mark, defendable IP after winning IP battle in the US, a global leading position in gassification, highest energy conversion against competitors, removing waste and turning into green energy global partnerships on every continent and simply a very very smart business model that makes it win-win-win for all parties involved. It is the one share have a strong view and 2022 should be a turning point for the company as covid delays simply factored into the missed milestones of 2021. Really looking forward to seeing how 2022 goes.