Condor Gold Share Discussion Threads

[zangdook] 11/5/2023 09:28

If I led a revolution in Nicaragua, making sure Marky Mark extracted as much cash as possible from the country wouldn't be my top priority.

[888icb] 11/5/2023 09:23

The increase in the share price of Calibre and the other active miners in Nicaragua way above the level they were at the time sanction’s were announced, suggests your comments on the politics are just inaccurate deramping.Gold miners are thriving in a Mining friendly country that relies on gold as its major income producer.
Anyway you have all been up early on this deramping only bb so I will leave you to deramp amongst yourselves for the rest of the day as the content is pitiful.

[corrientes1] 11/5/2023 09:03

'investors are terrified of this regime, so they will be reluctant to pay top money '.

Exactly that, and the dreamers on this and the other thread, doing their calculations as if Nicaragua was a country that followed the rules, need to get their heads examined.

If the dictator can be removed by one means or another, that would bring in a different mindset all over the place, so that would be good for us, but he seems well entrenched at the moment.

[oldiegoldie] 11/5/2023 08:57

Regarding the SAG mill, if they are smart they try to ship it out of the country and sell it separately. Maybe they can recover some of the 6M at least

[book5] 11/5/2023 08:24

Imho
Government has to intervene.
my contacts are divided, some say it will be sold (cnr has won) , others say it will not. Miners are not happy, but it seems they are divided, and dont want to confront cnr. They are afraid of the police, many have lots their jobs.
I personally believe it will be sold
God price is helping
Nicaragua is a basket case, investors are terrified of this regime, so they will be reluctant to pay top money.
In Shanta case, they announced the names of potential buyers very soon, but cnr has not said much a part of this is worth in paper much more than current market cap. Process is very long bcs investors are afraid of investing in Nicaragua, perhaps they need more time to make their minds.

[zangdook] 11/5/2023 06:38

I'm now down to 30% of my original holding, and still turning over whether to dump the lot while I can. It seems a shame after tying up money for years but that's not Captain Sensible talking, is it....

[diggybee] 11/5/2023 04:58

He probably gave the wrong address. It is now a clothes hanger and bookshelf in the corner of his bedroom.

[zangdook] 11/5/2023 03:42

If the mill hasn't all arrived, is that because
a) It doesn't exist
b) It hasn't been paid for
c) Both of the above
d) Mark gave the wrong delivery address

I'm inclined to think nothing here is just dishonesty or incompetence, everything is a combination of the two. For example, they incompetently failed to buy the land, and dishonestly claimed they had bought it. I presume the mill is more of the same.

I really can't believe anything they say. They say they have an Environmental Permit to build a plant. Do they also have a permit to dig a hole? I guess not.

[zangdook] 11/5/2023 03:32

So in March they announced the AGM would be at 3:00 p.m. on 11 May 2023. They then changed the time and brought it forward by one day but did not issue a correction RNS until 10.55am on the morning of the actual AGM.

That has to be a rule breach, surely? Can it really be incompetence?

[diggybee] 11/5/2023 00:07

Imagine the state of that mill now. A heap of Rusty junk probably.

[dexdringle] 10/5/2023 18:41

I had to laugh when, in the RNS about all resolutions being passed, it also said this:

"EP is considered the master permit for mining operations in Nicaragua. Condor has purchased a new SAG Mill, WHICH HAS MAINLY ARRIVED IN NICARAGUA. Site clearance and preparation is at an
advanced stage"

So we don't own all of the land and we don't have all of the SAG Mill.

MC is the ultimate 'Nearly Man' 🤣

[sherwood58] 10/5/2023 18:14

Zangdook, the agm was supposed to be tomorrow.

[zangdook] 10/5/2023 11:37

rather an odd rns. Did they announce a different time somewhere?

[babbler] 10/5/2023 11:27

Anyone going to the AGM? Maybe get an update of the sale from them then?

[diggybee] 10/5/2023 00:03

Yes that exactly sums it up I think. Anything is possible. And it is all a bit tragic.

[dexdringle] 09/5/2023 17:34

Deleted post

[septblues] 09/5/2023 17:32

Book, thanks for illuminating that. you were coming across as a research analyst, broker or back office in a hedge or emerging market or mining fund

[oldiegoldie] 09/5/2023 17:30

Jim’s statement is so broad and vague, it is quite common sense I would say.
It is true that central banks are buying and it is also true that most (western) currencies are slowly debased by excessive M1/M2 supply.

On the risk side (which I know many of you tend to forget) there is
- the BRICS problem (nobody on this BB presumably being a BRICS citizen, so we should have a common interest in the West to succeed and not follow Chinese/Russian propaganda
- the INTEREST rate problem, in both directions: When interest rates continue to rise, buying freshly issued bonds continues to become more and more interesting
But also when interest rates slightly drop (in a recession scenario), buying existing bonds with interest rates below current but above future interest rates can be interesting, and capital might be allocated there. Also, in a recession and subsequently lowered interest rates, inflation is likely to go down, which does not support POG.

So, as always there are different angles and I personally think we will see a mildly increasing POG during 2023-2024. To leverage that with a limited risk of total loss, the most promising investment are large producers IMHO.

[888icb] 09/5/2023 16:35

Jim Mellon in his recent Master Investor interview where he was very bullish on gold suggesting that 20% of your portfolio should be in gold and that gold would rise at least 20% in the next 12 months. He said the recent and continuing rise in the gold price is underpinned by the fact that the central banks of the major economies have been and continue to increase the amount of gold they are holding.

[sharenotes] 09/5/2023 15:39

Thank you for your feedback OldieGoldie and book5 – much appreciated. I think someone once said, “whilst life is understood backwards, we have to live it forwards.” Like you, I don’t think the news from China, by itself, has global repercussions, but it adds to the ‘mass’ of evidence that public awareness is growing that gold is money (preserves purchasing power). Just before World War I, gold half sovereigns were in currency circulation – equivalent to 50p. The same half sovereign today would fetch circa £200. Looking backwards, it has to tell us something, but predicting forwards, as always, is the tricky bit!

[oldiegoldie] 09/5/2023 14:29

Not sure if these news from China are so spectacular from a global perspective, but in general I am obviously positive for gold, if I have to simplify to the maximum my thoughts.

The main risk is that, in case BRICS countries really create a gold-backed currency to beat US$, we are all sitting in the wrong boat here. I am not happy with many political trends in UK, US or EU - but I still prefer living in the West over China or Russia. Gold could become a even more valuable asset in some regions of a bipolar world, and a less valuable asset in other regions.

[book5] 09/5/2023 14:03

Sharenotes
Account in gold where available in Malaysia back in early 2000 and still they are, public bank offers them, may be others too:



Gold very popular in Malaysia

[sharenotes] 09/5/2023 13:26

OldieGoldie

I hope all goes well. I was wondering if you could give me your thoughts on the apparent recent move in China.

[book5] 09/5/2023 10:56

SEPT
send me a message and we can speak by phone if you wish
i am civil engineer working in London, dont see in me things i dont say
i do not hide things or say lies
that is all