Condor Gold Share Discussion Threads

[book5] 19/4/2023 10:12

So why there are CONDITIONAL offers?
The only condition MC has mentioned is to own all the land , however , there may be others as for instance, low price payment now , follow by royalties in the future (% of profits) depending on success of the future land acquisition, mining operations….

In the best scenario calibre would pay cash per each share

We don’t know the conditions, need to wait

[septblues] 19/4/2023 09:16

the NPV already assumes the returns bond holders, equity holders expect and risk parameters including country risk to take account of. Therefore NPV can be viewed as super profit - it's what financiers of the business expect above their normal returns.

[book5] 19/4/2023 08:03

Imho The cheaper their shares are (devalued in relation economic -financial parameters) the higher the probability the will use devalued paper (calibre)to buy devalued assets (cnr).
If calibre share price reaches the market fair value, then they could use cash to buy us.
Cnr is probably not in a position to dictate terms, but calibre share performance will appeal cnr shareholders to accept their paper.
Here there is a business opportunity for calibre. Question are: what bits they are interested in, and at what price

[pugugly] 18/4/2023 21:43

Calibre up again +4.5% Bid CAD$ 1.56 Offered CAD $1.61. Could they use paper? - That is if they are interested in CNR.

[sharenotes] 18/4/2023 17:07

Whilst I would like to know where AISC sits as of now, gold above $2000 is a great boost to CNR projections regarding more cash dropping to the bottom line. Of course, the ‘sovereignR17; trading desks could slam the gold price down, but the patterns in the markets would suggest that their fire power is not unlimted.

[888icb] 18/4/2023 16:23

Moving Up strongly into the close. Currently Up 6.3% at 33.75 on volume of 420000.

[sharenotes] 18/4/2023 16:10

Bargaining power is greatly enhanced if more than one party are interested.

[book5] 18/4/2023 16:01

Calibre is key for cnr shareholders
I have been saying for a while they are the only serious buyer
Question is how much they will pay ,
Our bargaining power is low, but if they see an investment opportunity they will go for it

[corrientes1] 18/4/2023 15:49

Exactly. I hardly think that after all this time the would-be vendors are favourably disposed towards CNR per se, human nature being what is. Mining calculations are only part of the equation.

[sharenotes] 18/4/2023 15:29

“Building relations with the artisanal miners is a fundamental element of Calibre’s sustainable development strategy in Nicaragua.”

Besides spare processing capacity, it’s possible that Calibre have the requisite skill set to adequately incorporate the needs of the artisanal miners.

[zangdook] 18/4/2023 14:55

It has probably been repurposed as a toboggan.

[dexdringle] 18/4/2023 14:45

Just out of interest, what is happening with the $6 million processing mill we bought?

[book5] 18/4/2023 13:59

paper work are based on assumptions
there are risks in each of those assumptions
as you said:" IF " the correct cost is used (has been used)

main riks i see include:
-land costs , main one is potential land swap may be required; but what i hear is that it may not be required if cash offer is good enough, or at least not a big land swap. La mestiza is not part of the BFS which is good, but we may want to sell la mestiza too.
-proximity to the village, this may create problems in the future
-environmental, last mine was closed bcs the tunnels were flooded, we have not hear much about this, but La India's brook becomes a large course of water in the wet season. In Cacao there is a river that in winter people goes there to take videos of the ferocity of the water coming down

calibre will not be buying an operating mine, but a project on a piece of paper, does not need to challenge the NPV just make an offer that cnr may accept or reject

[septblues] 18/4/2023 13:39

but the cost of capital has already been used in the NPV calculation and if the correct cost of capital is used it would be the target's cost of capital and not buyer's cost of capital

[book5] 18/4/2023 13:33

Depends on the risk
From zero % to 80%
There are many risks that the buyer will assess.
Only calibre /or other buyer will tell us how much is happy to pay
It is up to cnr to derisk

[septblues] 18/4/2023 13:31

what proportion of NPV should a buyer pay?

[book5] 18/4/2023 11:24

"After inclusion of this additional high-grade ore, over one million tonnes of surplus processing capacity remains at our Libertad mill, demonstrating the potential for additional future growth."

imho only question is how much calibre will be happy to pay for cnr, anything from 50 to 120 million?. IMHO the main unknown to put a selling price is how much we will need to pay for the rest of the land.

i heard majority of the coop's old associates are interested in selling for lots of cash, that would be very good if true (i don't know much about the internal discussions of the coop). Clearly cnr wants to keep la mestiza if possible because it would increase production during the life of the mine.

key here is taht calibre is going from strength to strength, that is good for us, we want a rich miner to buy us and own their shares (paper swap)

[sharenotes] 18/4/2023 10:38

It will be very informative as miners declare earnings over the coming weeks as to where AISC is panning out. What impact, if any, will it have on negotiations for CNR?

[dexdringle] 17/4/2023 15:12

I still think it may all hinge on the quality of the biscuits.

Maybe MC has really pushed the boat out and provided some Terrys All Gold chocolates too. Rebranded Marks All Gold but with 99% of the usual number of chocolates 🤣

[pugugly] 17/4/2023 14:46

888 - Thanks for source - Interview - Market sensitive? Probably not as no price indiction.

[diggybee] 17/4/2023 14:14

Thanks. I do not well know. That is why is asked.

[888icb] 17/4/2023 14:11

As you well know the sale process is being run by an Investment Bank in the way these processes are conducted. Indicative bids are obtained and then in the second stage of the process firm bids should follow. The cost of an indicative bid will be what they spend on due diligence. One of the Chinese companies has spent 8 days in Nicaragua.

[zangdook] 17/4/2023 14:07

It probably means "if I was going to make a bid for this I would pay £x (but I'm not so I won't)"

[diggybee] 17/4/2023 14:04

What, really, is an indicative bid?An expression of interest verbally? An expression of interest in writing? Presumably nothing contractual or binding? Is there any cost at all to make an indicative bid?