Member Info for Simms45

New Luika mine life is now less than 4 years, although new resource might be added but can anyone go further on this matter as its a concern on the future and hopefully shareholders can shed light?

A bit of pushing and shoving at 50p but plenty of new support. Would be nice to imagine the broker working for their supper and getting some Canadian investors to buy through the TSX so they can do some legwork for once given the massive discount to its peers from the report. if we can get to the goldilocks price of around £1.50 within the next 6 months when the CEO can access a tasty bonus if he achieves a sale of the company for greater then we know if Rio Tinto come knocking through Calibre we know they will get the boards attention at least. However i suspect billionaire investors like Ross Beatty and Jim Mellon are probably now eyeing the £1bn+ of free cashflow forecasts over 8 years as being a far better overall return and that is before Condor does some digging as the CEO once said "we are drowning in targets" so Rio would need to come in pretty healthily. Longway to go but days like today get us there a little faster and help lubricate financing and any equity raise.

Post earlier was spot on.

The SP Angel Report was based on $1600 gold price and for every $100 the PoG goes up the valuation increases by £20M or circa 20p per share. So at current gold prices the valuation would be 122.5p. That is even at the 40% discount and was based pre Mestiza and Americas permits i believe so we should be closing that gap massively and then some and realistically we should be pushing all the way to £1 over coming months. Obviously anyone thinking gold might rise will get an outsize leveraged return from Condor from Condor is massively undervalued. Too many positives and looking forward to RNS updates on land progress, warrant cash, toll refining deal, production decision, the list goes on.

£2 at the open. £2.50 looks within reach this week with a flow a good news.

I think PUR has a great management team and gives an idea to Condor investors how things take off as its tripled in value in a matter of months as production gets closer so that should have some bearing on how Condor will react. Would invest but given its valuation and that its a deep mine targeting only 800 tpd there are risks. La India is open pit and talks about looking at 3000 tpd operation although smaller at the start and i feel a lot of the value is priced into PUR but not Condor that has a lot of catching up to do. There are different risks for Condor but the AISC is lower and dynamite and truck is a lot easier and scaleable than a deep mine. Its all risk and reward and i have full confidence in Condor to continue to derisk and deliver the gold.

i think the main driver today is the success of Phase 1 trial for Moderna and over the weekend very positive results so far from the Oxford vaccine so having 2-3 vaccine trials show promise will be a huge step forward and could see the likes of Cineworld get back to business sooner and certainly a large improvement in the current share price.
https://in.reuters.com/article/brief-moderna-announces-positive-interim/brief-moderna-announces-positive-interim-phase-1-data-for-its-mrna-vaccine-against-novel-coronavirus-idINFWN2D00KH

Before you know it we will be drowning in vaccines the way things are going. The tide is turning as that is about 3 vaccines showing promise and if there are more about to get to Phase 2 and 3 trials more will come along. The vaccine could be ready far sooner than people expect and would ultimately give the governments the Green light to open the economy faster. Hold onto your hats if that happens as that day will be enormous leap for the most battered shares like IAG. I think the upside is looking very strong on so many levels.

58 bid

5% up at open so could be a bull week with all backdrop of good news and possible vaccine Seotrmber.

http://www.independent.co.uk/news/uk/politics/coronavirus-vaccine-uk-alok-sharma-press-conference-downing-street-a9519166.html

News out that Oxford vaccine is performing well (whatever that means) but if results from trial are good the deal with AstraZeneca would mean 30m doses for UK by September. Could be a game changer if it comes true.

Quarantine will be very short lived and implemented simply as an immediate deterrent for May and will be long gone by June, if it ever happens. I simply think government threw this out there to stop international travel that is a source of nee outbreaks from countries lagging the UK. Government has got so much capacity for any future pandemic with white elephant hospitals filled with brand new ventilators never used that any second wave will be managed.in any case The government cannot spend another £300bn so second wave might happen but will be managed differently. However just as SARs, MERs all dissappeared without trace and no vaccine i suspect Covid will go the same way. We need to bear in mind less than 400 deaths for those under 60 years in UK and 90% had underlying issues so keep those vulnerable away for the time being and let rest of economy start to repay the £300bn of debts that will take 10 years.

As to IAG i think it will come good sooner that people expect.

Italy is trying to outmanaoevre Greece and open fully to tourism with opening on June 4th. No quarantine etc, just commonsense social distancing. Whats the chances of further watering down :) Many people pushed idea of no summer holiday or not until August or later. Seems that is being smashed. Next news will be BA bringing forward perhaps flight schedule as other airlines jockey to have full flights for the summer.

This is a massive push for summer tourism trade and airlines will push to take advantage. Expect other EU countries to follow suit in coming week. Spain has been caught on the hop and will react quickly to try and get some of the tourist market.

https://www.bbc.co.uk/news/world-europe-52687448

Lets get an offer of £1.50 tO jolt the market and then stick 2 fingers up as id rather pour the $2bn of gold and see the better part of $1bn of free cafhflow over 8 years and then some :)

Skies are opening up for airlines as Europe changes speed and IAG almost up 5% today

Nice run on the Nasdaq and Dow today so probably quite a blue day tomorrow. Cineworld needs to provide some updated trading news shortly to really get into gear.

Well 58p would be a nice place to be and 9k volume is pretty good so someone must be very keen to get their hands on some stock as they are paying a lot more than they need to if they opened a UK account. Looking at the buys most were around $1. Lets hope Condor fixes the lack of liquidity by putting their broker to work and introducing some shares into TSX proper. Would be nice to see that dual listing working as in other investments it can really create momentum and move the share price up to the goldilocks price of £1+ so that any potential offer might get the ear of Condor and help with equity raises and bank finance. Lead up to production decision is a strong catalyst and could be sooner than people think.

As i understand cash strapped consumers will see the Cinema as an escape and this year is a blockbuster of film releases to Cinemas were optimistic this year. If Cineworld can just providec more clarity around its Cineplex deal and update on opening plans we can push forwards.

EU under pressure from business are now rushing through EU wide agreements to open all EU holiday destinations for July. If confirmed will spark confidence across Europe.

https://www.dailymail.co.uk/news/article-8315233/Hopes-raised-summer-holidays-EU-vows-lift-travel-restrictions.html

No. This is first kit UK anti body test has said works so is a new step forward. All other tests have not cut the mustard. The key is that it means the vaccine results will be reliable if they test for anti-bodies reliably. I think news soon.