Member Info for Simms45

Hopefully you made a perfectly timed purchase. I think we will find out in the next few weeks.

This placing is embarrasing. Verde are not falling for DP charm as they can see they have played fast and loose with language for years and want to see deals complete and not just going through the motions. I would like to see Eqtec walk away from the placing and cut their own salaries and start being forced to make good decisions. Eqtec have been constantly bailed out of trouble by investors voe the year to cover bad decision making as not everything is just bad luck. Eqtec chose bad owboy partners just to get a PR story going and so on and i am not sure they ever planned for deals to actually deliver. l I do not doubt we will again be a £50m+ company for starters but i also do not like how DP AND JVL must be spending a lot of time on chasing a few quid as a ridiculous low market cap and not focusing on delivering financed deals. I am just waiting for the RNS that announces crazy share options for DP and JVL at these prices in the coming weeks. It seems only Le saint in France is doing all the heavy lifting and i want to see DP and JVL pull some weight and close some deals rather than chase placings. £500k is a pitiful amount of money that they could generate in one single deal done well. let see DP close some deals and bring cash into the business.

The key is that Jim has turned down 5 non binding offers based on price. we could have sold Condor 12 months ago for less. GFor me for Jim to say "very very close" indicates he is comfortable with the price and we should hear this month. There looks to have been a very tight ship since December so it must be almost otl. I do not think Jim would agree any deal for less than 45p a share or £100m so while disappointing to many this would still be double todays share price. gla

Slim "Burst the curtain from the back and got a photo with my arm around Jim and yes yes. I asked and was told with a big smile we are very very close. A witness and make of it what you will"

I would drink to that. Maybe a monday morning RNS or a last chance to fill your booties :) we will see!

Gold is going to go into orbit with interest rates about to fall far faster than expected. $2200 next week and gold producers coffers will be overflowing with cash looking for a new home. Calibre must be drowning in it!

My spider senses is there will be a deal this month. If anyone pops along to Master Investor look for any smug smiles. Hopefully the wait is going to be over soon!

We have had almost all buys last few days and of course share price does not budge. Starting to feel something is brewing but March i hope concludes a deal, even a lowish ball bud just to inject some energy and some deadline for other bidders.

Flurry of buying today. Could Condor be close to a sale?

What we need is action. Plain and simple. The board in the very early stages should have tentatively accepted one of the 5 non binding offers and then accepted a bidding war. Jim however seems far too relaxed and if there is no endpoint bidders gain from waiting this out and Jim will win whether he sells or not as he csn keep on loading up cheap shares at 15p. Jim is playing a blinder. My expectation was February was tying up deal and March to announce something. Lets hope so and that the 15 month wait will be worth it as with $2100 gold could you imagine the share price if we were months from opening a mine. Look at calibre speeding past $1.3bn to give a sense where Condor might be and not at £40m with the begging bowl out. We should be £250m+ if the financing was done. anyway March i hope is the endgame as 5th December was last update that we are in advanced talks. fingers crossed something is announced this month.

Gold smashed $2100 resistance so where gold prices might go this year we will find out. Maybe finally gold price rally will get serious as expectations change. Certainly will help focus minds on getting this deal agreed.

Calibre have already reported cash balances are growing and we are now at $2100 gold so Calibre cash balances along with all gold producers will be filling a lot faster. when Calibre was making $500 profit per ounze it will now be $600+ so in percentage terms pretty decent.

Calibre have hit a valuation of nearly $1.2bn so Condor at £100-£150m is barely less than the cash they have in their bank account. Calibre could do this for cash if they wanted, toll the high grade gold within 3 months and have that debt paid down over 18 months while the mine was built. They could also use their towering valuation, that is getting stronger by the day, do this partly in shares. The value added to the market cap of Calibre woud probably exceed the placing of 5-10% maybe. This could be a freebie for Calibre if they structured it correctly. shareholders of Calibre would immediately see how they can fully utilise their Nic spare capacity and how quickly this would pay back. The question is whether China will offer a higher and more favorable cash offer or would Jim take a slice of Calibre instead. There is any number of ways jimn could structure a deal with each bidder and really it should be a lot quicker. What also makes no sense is that getting any deal announced should lead to further bids as we are told there was almost 10 companies showing interest. With the amount of cash being generated by gold producers at $2100 gold they will have a lot more cash to use now given over 12 months has gone by. Hopefully a deal is announced in next few weeks as we were told back in december that out of the 10 interested parties this was whittled down to 2 who we were in "advanced" talks. That would normally mean the nitty gritty of highest price only as the rest of due diligence should be settled long ago. Jim needs to show his prowess for getting a deal done as my understanding we had plenty of offers but not at the price Jim wanted. What price we had before is anyone's guess but Jim with his billions probably has no reason to rush but even he must be looking to tie this up now. gla and lets hope we do not go into April without a deal.

Sounds like something is cooking. Maybe Ivanhoe are going to pump a load of cash into exploration and split the spoils. Worked out quite nicely for GGP holders. Hopefully we see 1p in the rearview mirror as .8 is offensive and hold is smashing on towards $2200 :)

Totally agree. Calibre will probably not want Chinese on their doorstep luring staff and cosying up to Ortega with their different approach to doing business. It could be very potentially problematic in a few years for Calibre if the West continues to move out of China and looks at how China have cosied up to many small countries around the world and having pretty strong control over them. I suspect for the sake of a relatively small amount of money Calibre would prefer to keep it local.

With gold teetering on $2100 again Calibre could afford to pay more and with some tolling at these gold prices pay back its purchase. Given how strong Calibre is an all share offer would cost them barely 10% dilution. If i was Calibre i would strike an all share deal at 50p and start counting the money. Only 5 years ago tables could have been turned and Condor might have done a deal with B2Gold but thats showbiz. Time for Mellon to show his cards and close the deal.

Would be great to smash $2100 as expectations as interest rates fall is for gold to take off to a lot higher. All falling into place and makes those profits even bigger and investors clammering to get involved. This could continue the march onwards on monday as gold miners and developers come into focus.

When Harry has something to RNS he will. We know equity investors have gone to boards to approve their investment. Some will have done that by now and others might take a little longer. Best case we RNS monday but could be middle of March. key is we are only burning a tiny $200k a month and we had powder dry until May at least so we should have plenty of time to reach 2.4p to trigger the warrants as i expect will be the case. Once that happens the share price will catapult forward as we will have the cash for Saudi and hopefully get cracking on a Saudi listing and potentially a much bigger raise. We are aware other projects, that have listed in Saudi, with not dissimilar assets to Artar/Kefi have been worth in excess of $1bn so done well Kefi can considerably advance its value through that direction. We are barely worth £40m so this is laughable. Even without Saudi assets just for TK post funding we should be £120m+ and with Saudi and a good wind double/triple this. Could be a lot more.

I think buyers like Calibre will be looking at speed of payback and that is incredibly attractive on this project. 12 months from first pour this could pay off the mine build cost but the mine at this point will be worth £200m+ so a mine builder could then refinance and get out their original investment so theoretically this could cost someone 0 but hold a mine bringing in close to $100m a year. While its a great buy Condor is only strong in negotiation if we have 2 serious buyers. In this case, and we must assume that to still be the case, its logical the delay is down to bids. We will see but even Jim will be looking to close something in March and probably next few weeks. Just cant keep on going like this but for new investors this could be a very likely double bag and downside at current market price below book value offers limited downside. The plan B will be to get some sort of mine underway. Hopefully we are heading to a photo finish very soon.

Second wind now push on through .9 and then onto a penny. Always going go be little pull backs as we go but we will be looking in the rearview mirror as .9 goes into the difference. Everything is nicely on track and maybe next week news might start to drop. bigger buys coming in which bodes well.

The next push to .8 is back on. News could come anytime on any number of events as we lead to financial drawdown. Will we get final credit approval next week for 2nd bank? Will we get confirmation of investors credit approval? Really once those drop we should be taking off like a rocket towards drawdown and news on Saudi projects will really start to get exciting, afterall a lot of people are here for Saudi projects which massively eclipse Ethiopia in the medium term given the partner we have and the funding readily available to get on with the nine. Exciting times for Kefi holders.