Member Info for TheCondorMan

"you said they wont give divi`s " more lies... where did i said. tell how much of your original CICC investment is reflect in CICG valuation today ? its a reality imo that ALL of the CICC investors are still heavily down... and with CICG falling 75% from the 6p float.... they are as good as 90%+ down.. so harping about divs is useless unless until you are up on your original investment.. in reality its nowhere near breakeven... isnt that so ? (all imho)

"You keep knocking this company , you said they wont relist ," erm.. no.. i never ever said it wont relist. I predicted sub 1p in due course... and I am on target for that... even more so with this hefty dilutive transaction.. imo. and yet more dilution to come as it needs more cash as per today's RNS.

lol.. and Rio dont have their own mining experts.. a multi billion dollar outfit hasnt got their own expert geologists ? The green field has been 'sold' for paper... RIO could have offered CASH... it could afford to 10x the value IF the believed it contained economic resource as the one they already own. All that could be obtained for the green field is paper... not even cash... and who bought it ? a sub £2m outfit that is in need of capital in order to develop it... that speaks volimes (all imho)

"explains why the likes of RIO don't get involved!" they have already been involved in Mongolia

pretty obvious imo.. no one wanted it.. and the only they could see monetisation was via an all share deal. imho.

you are missing the point. IF the land had so much potential.... Rio would pay cash..... oodles of it.... to them it would be petty cash. Rio would pay this Mongolian dude and so he would sell it to them instead of CICG. Rio could out trump any minnow if they really believe this green field site was going to deliver big. But no..... the mongolian owners of this land had to make to with exchange it with paper... which imo will devalue over time. If you owned the land.... what would you take ? Hard $ currency.... $60m ? or $5.6m in equity paper ? its a rhetorical question.... as anyone with an ounce of sense knows which one was the sensible option.

if it has so much potential.. then why didnt Rio Tinto buy it .. they could afford to stump up 10 x as much as CICG has done..... and with cash.

"No way they would do it unless they thought they would make lots of ££££" seriously... do you guys ever learn ? remember similar stuff was said about the loan conversion at 6p.... no way would SB would do it unless he thought it was worth 6p/share...... whats the share price now ? There are gold producers at this very moment that a producing, paying a div worth less in real terms than what this will be. £5.6m for some green field with NO reserves or resource ? Your having a larf. It'll take at least 5 years or more imo before this gets to production. IF it can find economical gold resource. And in that time you'll have to expect money being raises to fund the exploration and drilling and eventual mining.... that means dilution, after dilution after dilution.... IMHO

"Not that good at this part but if you had an asset that could be sold for $800mill what price would that reflect in the sp? 56p +????" what are you smoking ? So how much is this so called $800m asset going to cost cicg? is it going to cost them say $800m ? or do you think they will acquire an asset for say £5m and then magically sell it for $800m ?

and it was you who kept harping on and on that they wouldnt raise more than 10% of the existing shares blah blah... how wrong you were.

Which part of this do you not understand mr sence oops sorry leapfrog ? " The Proposed Acquisition would be conditional, inter alia, on the Company raising additional equity finance and on the approval by the shareholders."

there you go.... i was spot on...... expect heavy dilution.

could be a deal to acquire some assets... which means an RTO...... suspension required for an RTO so the listing process has to start all over again..... prospectus needs to be produced There will be funds required meaning more dilution.

lol.. LGO is skint.. it has no money... creditor has forced it to scout for more cash.

when has suspension for SB's companies been a good thing ? his companies have been through a lot of suspensions.... go through CICC's history...

not as funny as someone holding a dog stock like LGO

it's over. Shareholders have been well and truly rammed from behind. The CEO no doubt is in N. Cyprus out of reach from EU law. Barclays will move in and call in their capital....... and the company goes into admin/liquidation Suggest guys read the latest article from Shareprophets this evening. It's as good as over.

GLOBO Plc (GBO) Will Likely File For Bankruptcy: Tilson By VW Staff on October 26, 2015 http://www.valuewalk.com/2015/10/globo-plc-gbo-will-likely-file-for-bankruptcy-tilson/

Gold Exploration Update from Inishowen Connemara Mining announced this morning a further exploration update from its recently acquired gold prospective licence block at Inishowen, in Donegal, Ireland. The latest results with the discovery of quartz vein material that is just under 50cm wide with gold values of over 15 g/t has highlighted an evident target area requiring further investigation. Comment The latest results show the company is making solid, albeit early stage progress on exploring its five gold prospective licences that were obtained just over two months ago. One of the near term exploration objectives will be to repeat and improve upon the success of a previous licence holder in 2011, which discovered rock samples containing bonanza style size grades of up to 104 g/t gold. More importantly the company is looking to find the source area for the gold to establish an economic gold resource. The ultimate goal at Inishowen will be to find a resource approaching the size and economic potential of the nearby high grade Curraghinalt deposit, containing 3.5m ounces of gold (Measured 0.15m @ 20.1 g/t gold, Indicated 0.99m @ 10.3 g/t and Inferred 2.49m @ 9.7 g/t –2014 NI 43-101 compliant) that is held by Dalradian Resources Inc. The thinking is that other large gold deposit discoveries could be made in a geological gold belt trend which is believed to stretch from Ireland through to Scotland. Indeed it must be remembered that Connemara’s licence area contains the former Glentogher lead/silver/zinc mine which was in production at various stages between 1790 and 1933. The current market cap of £0.77m seems too low considering the gold exploration potential at Inishowen, and other licences such as Connemara’s Hendrick JV gold prospective licences in Wicklow/Wexford. We believe the market is still incorrectly pricing the stock as a zinc/lead exploration play and has overlooked its new gold exploration tenements that could excite the market. Given the ultra low market cap, potential for more newsflow from Inishowen and well funded position of the Company, we continue to recommend Connemara Mining as a ‘Buy’. *Dowgate Capital Stockbrokers acts as Joint Broker to Connemara Mining plc