Member Info for Willowman

that's one way of looking at it hoppa but not sure it's a great deal of comfort to the lth who are being bent over.

my take on it is that the 2 crooks have snuffled around in the condor trough for years spinning one yarn after another. they have now rung condor dry, exhausted their credibility and their long suffering investors thus bringing this gravy train to the end of the line. they now intend jumping onto the mtl gravy train and taking the condor assets with them for as little outlay as possible for mtl.

hence why i would see calibre as a white knight if they made an offer. not sure the 2 crooks would agree as i'm pretty sure that calibre won't want to 2 ****s like that hanging around.

BMR, whilst I agree with you in principle, it may be difficult to contact the man who passed away.

I'm loving this, the entertainment value is off the scale. People performing all kinds of mental gymnastics to reconcile themselves with the obvious fact that they are being done over by a couple crooks. With hind sight it was always going to be an unsatisfactory ending. MC and JM have always been opaque, they have never had a clear plan and have spun us one silly story after another, never following through on anything.

If Calibre were to make an offer of 40p in paper and cash now I imagine that many of us would view them as a white knight and snap their hands off, I know I would. To be fair to the Calibre team it must have been virtually impossible to negotiate with MC and JM. I would think that Mellon likes to be the big dog in town and won't like been told how many beans make five by a lowly mining CEO and the child is a spineless front man. As Ross Beatty said "He isn't very popular" when referring to the child.

What about poor MC and his incentive scheme? After-all, he has done such a sterling job he deserves an hefty pay out Shirley!

People are desperate for a reasonable exit from this clown show so you can't blame them for seizing this opportunity. Hopefully it will mean that some of the pent-up selling desire will be vented.

I sure is. If the clown show over at CNR ever concludes then I intend increasing my position here if the price is still attractive.

I'm gradually exiting the stock-market as I've had enough of the manipulation and corruption so I don't want to commit any new money. Hopefully CNR resolution just around a corner. But which corner?

Very bullish on gold and silver simply has to take off like a rocket at some point, it must be the most manipulated and undervalued thing on the planet!

Thank you for sharing Crunch. Clearly there was a lot that he was unable to say.

Slim, you are the best. Your posts always make me chuckle.

Totally agree. I would be happy with a JV deal that gave away 49% for an experienced gold producer to fund and build the mine. That way no more share dilution, no debt for Condor and no risk for Condor during the build and ramp -up. Then sit back and enjoy 51% of the profits.

Alternatively, I would be happy for Condor to build a much smaller plant to produce maybe 40k oz per year.

What I don't like is putting Condor up for sale many years ago, then saying we are going to build a mine, we don't need a feasibility study, then we do need a feasibility study, then we are exploring various production scenarios, then we buy a mill, then we are going to toll mill, then suddenly we aren't miners and we are back up for sale.

MC has never had a strong clear vision for Condor, the man is and has been way out of his depth all along.

To be fair to sol001 I would guess that he meant a listing on the main market rather than entry to a particular index?

"What do we think will attract more buyers to POW/POWMF?"

If people stop moaning and giving out negative vibes?

I'm not sure that Sean has been harping on about anything for years. Give the poor bloke a break, he's only been running the show for a short while and by my estimation is doing a fantastic job.

I would imagine that GMET will eventually be taken out, by which time the projects will be much further advanced and the share price much higher.

Let's say that they are taken out for £100 million (totally random figure), half of which comes to POW. I think that a substantial part of that would be paid out as a special dividend with enough being retained by POW to fund, progress, buy other projects.

Rinse and repeat! Just be patient, good thing are heading our way.

What is it you talk about innit?

Thank you for sharing the link jigger. I thought that was a very upbeat interview with Sean presenting in a very fluent and positive manner. That should serve to steady a few wobbly holders.

You make some very good point John. The bear/bare incident didn't diminish the veracity of your rant. The thing that really struck me was the figure of $274 million. that is rather a lot of money and I aren't at all sure of what benefit it has been to shareholders.

Perhaps you could explain it to us Paul?

Frenchi38, just a reminder, this is the CNR board, not 1930s Germany.

Thank you Shortarm and Robjm66 for corroborating what I posted about Harry, that nothing will happen here until he is gone.

Emed is indeed doing very well now. After years of lame excuses Harry was kicked out to be replaced by Alberto who got things moving. He changed the company name to Atalaya thus removing any historical stigma. The company is now a great success and I also made good money as a result of Alberto's competent management.

Venus languished for years, perhaps 15 to 20(?) and things are now starting to happen. This is due to Ariana turning up with a pocket full of cash and a great deal of geological talent. Kerim is a fantastic geologist and, like Alberto, has a proven track record of building and developing resources and mines.

None of this success can be attributed to Adams. How many years have passed since Kefi bought TK from Nyota? 8,9,10? It had a 1 million oz jorc back then so what has Adams actually done to earn his wages? Tulu Kapi probably will be built one day but certainly not while Adams is in charge.

So it seems that we are in agreement.

Have people on here taken the time to check out Harry's history as a CEO? Venus minerals, came to nothing. Emed, years and years of the same old same old you're all getting here. It made no progress until Harry was booted out and someone who knew what they were doing took over. Now Kefi, years of empty promises as Harry lines his own pockets, the bloke is a professional conman.

Before shouting me down at least spend a little time and effort checking him out. He will not deliver, end of.

"Can't see any reason to buy currently." Then don't and if you have no holding here perhaps your half baked erudition would be of more value elsewhere. Thank you for your visit.

Just found a post of mine from 19th Nov 2009.

Oh how the years slip by and still MC is not up to the job and unwilling to hand over the reigns to a more capable CEO.

Hi Tester, I accept all you say in your response. I was venting frustration as I feel that MC has wasted some years on aspects of this project, I also feel that he has been too slow to adapt his plans. He should have ditched the resettlement plans long before he did, he should have also stopped spending money on the drill bit long ago. We have had a good resource for many years, he could have gone down the route of smaller scale production a long time ago.

He isn't a geo or a miner and I have strong doubts about him being the man to take this project forward. Perhaps it is time for someone more qualified to take up the reigns . Someone with the required skill set, drive and industry contacts?

I would rather hold shares in a gold miner producing 30 to 40 thousand oz than in a sinking project still proclaiming the potential to produce 120,000 whilst the waters are lapping around our waists.