Member Info for tomamara

Low volume and big spread on ASX. Maybe someone pressed the buy button on buy at market in a very thin market. Pleasing to see but I'm not expecting a similar rise in London. I'd love to be wrong.

They have bought one item of equipment. They did this because there is a long lead time on getting this type of equipment delivered. It cost around $5mil. There is another +$100mil of capital expenditure to be spent on building the whole processing plant. No-one in Condor has the experience or knowledge in how to do this and then operate the mine and mill.

Have a look at Ascot Resources to see what can happen, even with an experienced team.

Calibre should have receipts from exercised warrants coming in, to the tune of around C$100mil. If they are interested in the property, then the timing could be of interest to us here.

So where exactly are we with the Ghana Government. Have they officially shut up shop until October?

Are MIIF putting any pressure for ratification to be a priority when the MPs return?

@Nero, credit will be given when the deal is done.

I find it a bit weird that people who attended the AGM are not sharing what was said. Surely if anything was said at the meeting then it is public knowledge?

I thought the purpose of a ''share chat'' board was to share any knowledge or opinions?

Have the board awarded themselves new options? I can't see anything has been announced?

IMO options should be awarded at a price higher than current market price. The recipient will then be rewarded for increasing the share price.

I can't open the link. Any chance of a copy and paste?

Maybe the updated presentation is updated for the benefit of the shareholders of the soon to be new owner :)

Next update will be news of sale, hopefully.

If we are on the cusp of a deal, then Onion avoiding contact with a shareholder makes perfect sense.

Alternatively, if the deal is off, then he won't be in the mood to talk to shareholders.

Place your bets and take your chances :)

Yeah, I put all of my new year SIPP allowance and half of my ISA amount in at just under 20p.

Plenty of news flow to come in next few weeks, possibly some bits being with-held until GSE listing has happened.

US$909m.

If the buyer pays 25% of NPV, that is US$227m or around 90p per share.

It's quite possible that a deal was struck with Calibre weeks ago. They can't sign the paperwork until Calibre is happy until their cash raising activities are complete and the money is in the bank account.

If we have not heard anything by the end of next week, then I think the recent rise in sp has been a false hope.

£1 is my hope. That is valuation of around £200mil. I'm also hoping to hear something very soon.

I'm a very hopeful sort of chap :)

The interviewer asks Ryan King as to how much more capital they will need to finish the project. RK answers by talking about various figures relating to the history of Valentine, etc. but doesn't actually give an answer to the question. Maybe he is hiding the fact that they have cash waiting for an acquisition.

The interviewer (maybe by prior agreement) doesn't ask about any possible acquisitions even though RK states that the mill in Nicaragua has spare capacity.

The funding comes through by 15th April, which is the day before the $100mil bought deal is expected to close. If they are in the process of doing a deal with someone, I guess we find out who it is in mid April.

Encouraging, thanks for the link. An expected listing would be useful so hopefully the GSE will keep us updated.

They won't ratify until after the Ghana stock exchange has listed the stock.

Their current cash in the bank could be used to purchase Condor and the new cash raised used as per the NR. A very interesting development IMO. Makes me more hopeful of a deal.

I don't think much will be announced until after the Ghana Stock Exchange listing has happened. Looks like SP is being kept at just below 20p until that occurs IMO.