Member Info for somnambulist

Any divs thst come in I will be investing in NESF. With a bit of luck this will be the lowest it goes. My average in this company is 98p. Like other shares of this type it's not done too well. However this one does at least have a dividends policy.

Thanks for your insights during the last year.

https://www.youtube.com/watch?v=3CAP1hCZiCQ
In Spanish

From what I saw the artisanal processing is done at a number of sites strung out along the road and not too close to the concession. No visible damage from the storm. In various places some huge trees got nocked down but CNR got off lightly. Book5 is probably much better informed than me

Actually should have said that the procesing of the ore (from San Ramon and other areas) is done by artisan miners NEAR the site rather than on it. And LSE doesn't seem to like my reference to a chemical element commonly found in the water out there.

Appreciate that I mentioned my site visit without saying what happend. The General Manager met us (me and an FSLN parliamentary deputy) at the CNR HQ and ushered us into the conference room. We were given the general investor presentation (in English!!). Most of the slides we are very familiar with. However one slide that I was not familiar showed potential lifetime production of 12m oz, listing all the potential sources of that production with a few gaps where the output was too ill defined. After the presentation we were taken out to the view point where I could look out over the La India site. I could see the access road that has been laid but no actual construction as such (although the far end of the access road isn't visible from the view point. I did ask about the trees that have to be felled and there are various agreements in place to plant one tree elsewhere for every one felled. The CNR team all seemed to relate to each other well with a general bonhomie. Really looking good with everyone there ready to get going once the finance is in place.
I had also notice the large amount of ore being brought to site by the lorryload from outlying areas for processing by the artisinal miners. It seems that this is an accident of history but surely CNR can include that ore in its processing to the mutual benefit of both parties. One other thing worth mentioning is the community involvement. It seems that the La India community in general are super-positive of the way that Condor has worked with them. They escpecially like the clean water provision which provides the local residents with clean water rather than the ****nic laced water previously available.

Last week I was lucky enough to be rewarded with a site visit at the La India mine. I feel I deserved it as an LTH since 2009. Great to be standing on the spot of what is likely to be Nicaragua's next gold mine. Loved all the buy-in from the local community. And interesting also to be in San Ramon and to se the lorry loads of ore bing shipped to La India for processing by the artisinal miners. Presumably Condor will be able to process the ore for them. Great project. Not to long to wait now before production.

I'm visiting Nicaragua this week. First visit since 2015. Hoping to do an eco-tour of Jinotega and Matagalpa and Esteli so will look out for the La India site as I drive past.

The KID problem seems to be sorted. I was able to trade TLEI this morning.

I hope you managed to sort this. I think there was a couple of days when it wasn't possible to trade after the IPO. There is also the TLEP ticker to try. I bought a few via II and hope to get a few more next week. I guess it might be a couple of years before this gets true value since the dividends rise from 2% in year 1 to 7% in year 3.

Had a quick search for provisional election results. Daniel Ortega got 75% of the vote with 49% of votes counted on a 63% turnout.

Poll Shows More People Will Vote for the FSLN
The predisposition to vote for the FSLN is 66.7% for the November general elections, according to the opinion poll by M&R Consultores announced August 17. 85.7% of Nicaraguans surveyed by M&R Consultores consider that the elections are very important, while 78.5% affirm that they will probably vote. The rating of the work done by President Daniel Ortega is 70.6%. 76.8% consider that there is respect for fundamental rights in Nicaragua. 69.5% is the index of political predisposition for the FSLN and 26% for the opposition

I didn't hear. But they seemed to be pleased with atendence with FCO types joining. Only thing that was new to me was that CNR have 14 active concessions in Nicaragua.

I asked if mining and the environment were compatible or incompatible. The answer (of course) was compatible because of the high level of renewable energy generation in Nicaragua (77% renewable in 2020) coupled with grants being available for reafforestation of mining areas and because Nicaragua is setting up a green climate fund.

Well I thought it was relevant otherwise I wouldn't have posted it.

The new annual report by the Inter-Parliamentary Union (IPU) and UN Women, “Women in Politics: 2021”, has highlighted that Nicaragua is the country with the highest percentage in the world of women in Ministerial positions, with 56.25%, and the fourth highest percentage of women in Parliament, at 46%. This is in the context of 14 years of proactive policies by the Government, including legally mandated equal representation, ensuring that at least 50% of public offices be held by women, and a drive to change attitudes and practices across all areas of society.

This follows the World Economic Forum showing that Nicaragua is the world’s 5th most gender equal country (a position it has maintained since 2018), the highest ranked non-Nordic country, and the only country in the top 10 in the American continent, in its last Global Gender Gap Report. Nicaragua has also eliminated the gender gap in education, health and survival outcomes.

dated 20th

Mako report dated 19 October explains the reduction in predicted (inferred) reserves
The 2015 PEA estimated mineral resources totalling 152,000 Indicated ounces of gold and
787,000 Inferred ounces of gold. This updated mineral resource estimate totals 177,800
Measured and Indicated ounces and 100,900 Inferred ounces of gold. Comparing the
2015 and 2020 models, it was evident that the general location of the 2015 mineralized
zone was modelled appropriately with respect to locations of the principal domains albeit
generous in thickness and extrapolation. Several 2015-modeled solids depicting vein
mineralization have since been drilled showing that mineralization does not exist where
modeled in 2015. Another reason for the difference is that MDA took a more
conservative approach to modeling extrapolations and projections from drill data, where
no drilling was done since 2013. The 2020 volume of modeled veins and veins-plus-halo
were 89% and 46% lower, respectively, compared to the 2015 single-domain volumes.
An important difference between the 2015 and 2020 models is the interpretations of the
mineralization. The vein and vein zones (both averaging >15 g/t Au) have distinct,
sharp-bounded contacts usually within low-grade halos. By modeling these veins and
halos as one in 2015, the extreme high-grades in the vein were spread out into the larger
volume of the halo in the estimate, thereby over-estimating metal, albeit at lower grades
than exist in the vein and vein zones.

Extract from message posted by the embassy... The United Nations Economic Commission for Latin America and the Caribbean (CEPAL) has reported that Nicaragua has the fastest rate of exports growth in Latin America, with 14%, 11 percentage points higher than any other country in the region. Leading products driving this growth include gold, coffee, sugar cane, beans and tobacco.
It would seem that royalties and taxes on precious metals have been good news for Nicaragua. This compares to Bolivia and Mexico with down over 50% for May this year compared to May last year and El Salvador down over 30%.

GP=$1942 right now!!