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It passes the time I guess.
Absolutely f all happening in the interim.
Operative term here is deffo the lead time. BUT I can deal with that if Jim grabs the baton and drives this home.
Jim Mellon's stubbornness combined with the value of the asset are both absolutely whopping USPs. You're not invested in a gold mine, you're invested in JM's ability to bring home a solid deal.
And Jim's absolutely the guy to get the thing done.
The lead time on sale.
The massive u-turn on productionisation following Mill purchase, and the subsequent double down on the fact that "well, we're just *not miners* are we lol"...stupid comment that was.
Lead time on binding offers being imminent
One thing he was truthful about was updating shareholders when there's news, I guess. I actually like Mark. But it's painfully clear that the approach to the sale, comments about reluctance to actually build the mine ourselves (why you'd proactively remove that leverage yourself is beyond me) combined with sanctions has absolutely kneecapped his credibility and the share price.
Large seller in thr background causing a retrace - frustrating.
Is anyone getting any feedback whatsoever out of the camp - Mark or otherwise - now?
I will say its easy to spot the short term flippers vs. The long termers.
Disagree with yours and/or frizzers logic, 45p wouldn't be appropriate in the slightest, indeed for many LTHs that would be a significant loss.
I've got no doubt this is the root of the negotiations
Would you believe that this is JM's strategy and logic?
A presentation several years ago he stated that the gold in the ground with ownership is actually not to dissimilar to having it sat in a safe. Combined with the his forecast on the pog (which is being realised!), he's just not wrong.
And Slim you seem to have slipped into a pessimistic loop - what's up?
Presume being snubbed over email has annoyed you somewhat?
You're kidding?
A billion dollar co. selling at these levels would be a colossal failure.
This is going to absolutely fly. I continue to tow the 90p+ line.
Agree it's certainly one or the other.
One would sincerely hope that it's the former - especially after the insane timeline we've been subject to.
No response.
Also, worrying just how far down this Stockholm syndrome rabbit hole we've all fallen. People mentioning "well perhaps end of May!!!???".
Suggest you all get on at the bod through direct channels to demonstrate ya hit of pressure for an update.
We've got serious money tied up in Condor that frankly I need out over the next 6 weeks.
I've emailed Mark again. I've got zero doubts that there will be no response, however I think it's important to remind him who he's beholden to.
We'd do well to park morals for a second. We're all invested in Ortega's economy..
Make good f-king money and get out.
Are we all forgetting JM's Russian endeavours? For god sake park your convictions and buckle up. If you feel weak at the knees know that the purchaser is going to fivebag their investment at the absolute minimum.
What're peoples' positions?
Laughable. On what grounds? Have you read the FS and followed JM at all?
This was before gold had entered into it's all time high bull run.
Jim's going to get this to equiv 90p+.
What's profit?
That many of us continue to be significantly underwater.
This is a correction to roughly where should have been sat for the last several years before the Great Hammering.
Of course looking forward to some news, but I like many people here need to see 40s before even a break even.
You heard from the mother ship?
Was working late and unenthused...can you tell!!?? :D