Member Info for TheCondorMan

bu the link i gave.... i suggested reading the last 3 paragraphs... that links you to a very concerning article about your new COO.... an article NOT written by TW..... but an article appearing on a Mongolian website related to corruption in Mongolia. So even if you want to ignore TW...... you would be stupid to ignore the extensive article that was linked. Then again since when have uber bulls like taken proper research seriously ? One could say it's almost boy scoutish behaviour.... All imho

"One has to protect his investment/ short" this is priceless..... you were harping the same when CICC was suspended.... and said the same when CICG was about to list..... when only a fool would even think a short was open on CICG when CICG had never ever been listed. Now you think its all about a short position on CICG... if that was true.... do you seriously think I would be out of money considering it's dropped 75% ? and considering I have been almost bang on the money wrt to the share price since listing (as opposed to 10p, 20p, 30p etc brigade...... that reminds me.. where's my friend ayemesco1 ?)..... do you seriously think I would trembling on the back of last week's news ? Quite the contrary... if i had a short position, I would be supremely confident, imho, the share would be going nowhere but down.. towards sub 1p. Over 80% drop from the 6p ipo price.

http://tinyurl.com/o7k6ner read the last 3 paragraphs

". then it cannot be inferred in any other way." the inference is on your part. You can infer what you want... that's not in my control. The rest of your conjecture is just blarney for you to feel good and score points. The substance of my post is lost on you.... just like the fundamentals (or the lack thereof imho) of the company. You like to hone in on content which you can use your imagination and infer silly conclusions and so score browny points.... when no such implications were made. Hone in on the reality... the stock is down 75% from the ipo..... the market imho has decided how it should value the company. The company has now diluted shareholders by announcing it will issue over 400m shares on a fully diluted basis (inc warrants).... at 2p per share... for as yet NO reserve or EVEN NO resource green field land. A green field which will need imho, $Millions for exploration over many years .... and if they find something.. to produce a CPR which will be bankable and sellable, ready for mining. In that time, imho, shareholders will be constantly diluted.... to invisibility. And as I have posted, such a green field site has 10,000 to 1 probability of being commercial. Just look at the resource sector... its littered with skeletons of resource stocks that have been ravaged.... and still being ravaged.. imho. I fully expect this to come back and gravitate towards sub 1p... imho... IF it enables to jump all the UKLA compliance hurdles ALL imho.

Will it meet the necessary compliance requirements this time round ? that remains to be seen. It may well fulfill the criteria. who knows ?

"You're implying that the only reason CICG got listed was because of a failing on the part of the UKLA. is that what you're saying? (may i remind you of "Posting inside information that is not public knowledge, or information that is false or misleading, may constitute market abuse)" no, you are inferring... incorrectly.

it was fully compliant at the time no doubt.. hence the go ahead for the relist. Will it meet the necessary compliance requirements this time round ? that remains to be seen. It may well fulfill the criteria. who knows ?

I posed the questions, like I did last time. I never ever suggested it would NOT relist. and as prev suggested, UKLA have pulled their socks up and tightened their procedures... questioning the possibility once again is legitimate. And if it does relist.....and you conveniently over look this matter..... will it 'rocket' to the moon like the lead bulls were predicting last time round... OR will it drop 75% over time, as it has done since relisting ? My opinion is still sub 1p on the cards ... as before.. my valuation has been far more accurate than the other resident bulls that were forecasting double digit gains. All imho

The following is my opinion... CICG have to go through the rigmarole of relisting. Will it be able to please the UKLA and successfully go through all the hoops ? That remains to be seen imho. If the acquisition of the green field land goes through.... then the shares issue PLUS the warrants attached means imho, hefty dilution on a fully dilutive basis. Remember the same holders on here were saying 6p conversion price was actually undervaluing CICG. It was Mr Bromley who thought it was wise to convert the loans at 6p/share. Hence the bulls drawing a conclusion lead by the main cheer leader at the time , sence2, that 6p/share was the minimum valuation. Imho the market just did not agree, as predicted by the bears... the shares collapsed 75% in a matter of months. If SB still believed 6p/sh was still the minimum valuation for CICG then why didnt they do the acquisition of the greenfield land at 6p/share ? There is still the matter of raising money for working capital ... what price will that take place ? 2p ? or lower ? Say they raise £2m from their funder @ 2p/sh..... thats another 100m shares. BUT wait, if SB thought 6p/share was a good conversion price last time when CICG had nothing.... then surely SB should at least give the convertible loan at 6p/share minimum now it has these wonderful assets under its belt ? My prediction, if it relists.........a gradual drop towards sub 1p. All the bulls on here will have a great opportunity to 'top up' multiple times..... raid those piggy banks ready to 'average down'... isnt that the modus of a larger %tage of PIs ? keep averaging down ? (ALL IMHO)

"What's with filling up this board with how much and how long it takes to mine gold. Give up will you. Cicg are not going to mine anything." obviously you arent reading what's posted. To get it upto the stage of mining.... you have to go thru the process to get the reserves report. ONLY then it's sellable as bankable asset. That takes years.. as per the points of the posts... contrary to the fantasist claiming it takes 4 to 5 months. As for the latter part : "I believe that this has been bought on behalf of another company who for whatever reason couldn't directly buy it themselves and it will be sold on as a ready made parcel." You can believe what you want.. it just made up conjecture without any facts to back it up. And it will ONLY be sold on "as a ready made parcel" ONCE it has a bankable feasibility and reserve report. And if you had read those posts I posted... to get to that stage requires MILLIONS of $s and years of exploration.

Market Cap £2m flagship Šturec Gold Project has a JORC compliant Mineral Resource of 1.32 million ounces of gold equivalent and stated reserves of approx 850,000 ounces of gold equivalent. Šturec contains an economic gold resource that is amenable to surface mining with low waste ratios and could be processed using EU-approved technology. It's taken then over 5 years to reach this stage.. and they are STILL working on the numbers Theyve spent $millions to reach this stage and are still raising money. Compare that to CICG. After the acquisition, it'll be capped at over £7m (will be higher as theyve stated they will be raising more cash for working capital). How much reserves or eve resoruce have they got ? ZERO, NOTHING, NAUGHT

HUM have a 6 Million ozs of gold resource (Mali & Liberia) with production scheduled to start in Mali in 2016. Yet the Mkt Cap of HUM is only £22m. HUM was founded in 2005 and listed on AIM in 2010. "Since IPO the Company has significantly grown its initial resource from an initial 0.8Moz to 4.2Moz at its Dugbe Gold Project in Liberia, West Africa" So it's taken 10 years of exploring to get to a 4.2M oz resource in Liberia. No mention of when production is likely to start. Production is scheduled to start in 2016 at the more advanced 1.6M oz project in Mali that was bought from Gold Fields in late 2013. The HUM Share Premium a/c at 30/6/15 was US$81m. That goes to show how much money HUM has raised to progress it's gold exploration. The issuance of 280m shares (+ 140m warrants) for the Gobi Minerals RTO is only the start of the dilution, coming the way of existing CICG shareholders over the coming years.

Feasibility is the final stage....after "years of painstaking research and data collection".. get it. Not 3 or 4 months as some clueless poster has suggested. page 10 Feasibility During the feasibility stage gold reserves can be declared. This phase marks the culmination of the years of painstaking research and data collection, where an exploration company will ultimately make the decision whether or not to proceed with mine development. https://eclass.uoa.gr/modules/document/index.php?course=GEOL245&download=/546921a9lxvA/54d61cefCfMq/54eb836eP1DQ.pdf The rest of you resource illiterate 'gamblers' should read the above document and wise up to the reality of exploration and how long it takes and the stages a resource company has to go through before being able to produce a reserves report.

The Life of a Mine (Example) Prospecting & Claim Staking (1-2 years) The mining process starts with prospecting and claim staking. Explorationists hike through the bush to stake claims, collect rock and soil samples and comb the land for signs of an ore body. Because it is impossible to predict where a viable ore deposit will be found, explorationists require access to as large an area of land as possible. Ultimately, only a small number of claims will show enough promise for diamond drilling, or advanced exploration. Basic & Intermediate Exploration (3-4 years) If there are favourable signs of above normal mineral levels, basic and intermediate exploration will begin. Exploration activities include geological mapping and aerial surveys to obtain detailed geological data. Geophysical and geochemical tests on the ground detect the possible presence of valuable minerals through measurements of electrical conductivity, magnetic fields, or sampling of rock, soil or water. Explorationists may explore rock formations by extracting core samples with a diamond drill, stripping (removing soil and vegetation) or trenching (removal of rock using jack hammers and explosives). Advanced Exploration (5-10 years) Advanced exploration marks the start of bulk sampling and drilling from underground tunnels. Roads are built, field camps increase in size and heavy equipment is brought in. At this stage, explorationists and mine planners gather all available data to predict the profitability of a mine and the best methods of extracting the ore. http://www.premiergoldmines.com/your-world-of-opportunity/gold-101-mining-101 Only when you have done the above can you get an independent reserves report. and you have one silly billy saying it'll take 4 to 5 months. It's almost as daft as saying CICG would only issue 80m new shares for the acquisition.

Greenfield Exploration.. this is what CICG is involved in.... this has two subdivision : Grassroot Exploration Project and Advanced Exploration Project The latter projects have clearly defined mineral resources with reasonable prospects for being developed into standalone mines or satellite mines. In the mine life cycle, these projects are generally positioned between the near pre-feasibility stage and the near bankable feasibility stage. CICG is the former. When a geologist has a conceptual idea about where a mineral deposit might be and spends money to see if the mineralization is really there, this is referred to as grassroot exploration. Common activities include: airborne satellite surveys, ground based geological and geophysical prospecting and surveying as well as determining drill target areas. Grassroot exploration projects are the riskiest projects in the mining business. Some statistics indicate that only 1 in 5,000 to 1 in 10,000 grassroot exploration projects ever reach the production stage. source : http://www.undervaluedequity.com/Mineral-Exploration-Companies-Greenfield-Exploration-vs.-Brownfield-Exploration.html The activities stated above are included in today's RNS. So 1 in 5,000 to 1 in 10,000 chance of this ever reaching commercial status. And you have CICG paying £5.6m for it ? No wonder it was paid in paper.

"The evolution of a project from initial testing to commissioning can take 10 to 20 years involving a series of study stages to reach investment approval and implementation. The exploration process can be divided into five stages. The number of opportunities that progress to the next stage decreases as we move through the process. " Area selection – deciding where to explore The Exploration team conducts desktop evaluations of geological, geochemical and geophysical data to find areas that have the potential to contain an orebody. Issues relating to health, safety, the environment and communities, or technical or political risks, are identified at this stage. The team often makes an initial visit to the area. Target identification – determining whether a deposit may exist Mapping and surveying takes place within a selected area. The team determines whether a target exists that represents the mineral deposit they seek. Discussions take place with local communities to obtain temporary land access, and to assess opportunities for local sourcing and employment. Target testing – assessing the nature of mineralisation The team performs the first sub-surface evaluation of the better prospects through limited drilling and trenching. They may start to collect environmental and social baseline data at this stage. Resource delineation – determining deposit size, grade and metallurgy If results from initial drilling are encouraging, additional drilling takes place to estimate the extent of mineralisation. The team works increasingly closely with local stakeholders to analyse environmental and community issues, and starts baseline studies if these have not previously begun. Resource evaluation – judging whether a deposit will be economical The team carries out more detailed investigation of a deposit to decide whether it will be economic to develop. This involves more drilling, metallurgical and engineering studies and economic analysis. After this stage, called an Order of Magnitude Study, a deposit is handed over to a product group evaluation team if it has significant potential value to Rio Tinto. http://www.riotinto.com/documents/ReportsPublications/corpPub_Exploration.pdf

"if any research is carried out it will be seen that establishing basic reserve parameters cost a few hundred K at the outside a million or so and a few months probably 3 or 4 months ." this is just gob smackingly shocking stuff show me one example, just one example where a company has gone from acquiring a green field property with no reserves or resource....... to producing a reserves report in a matter of 3 or 4 months. I challenge you to provide just one example. From an exploration license to a reserves report takes years.

"It is completely false statement to suggest the cost of establishing potential reserves will run into the millions perhaps 100s of millions." absolute total nonsense..... to produce a reserves report you need to drill .. and drill many holes. Which requires hiring very expensive drill rig. You can NOT produce a reserve report WITHOUT drilling. To get to mining status.... it will take years. Anyone with a simple and basic knowledge of the resource sector knows that.. except those without any 'sence'.

of today's news : http://audioboom.com/boos/3783449.mp3 2 mins 30 secs into the audio

how much it'll cost going from its current position to getting a proven reserves report? It's not just a few million ..... just look at so many explorers out there... costs can run up to £100m+ and thats being conservative and it takes years and years to get a green field site to reserve status. In that time they have to raise funds along the way to fund the exploration process ...... and in each case dilution kills the share price (all imho)