Condor Gold Share Discussion Threads

[baldrick1] 20/5/2024 08:21

Is it trouble if there's no news from the village??

[book5] 20/5/2024 07:50

No news from the village

[aleoap] 17/5/2024 19:53

Latest video for CNR htTps://youtu.be/rwEGstXh_sE?si=-Yqt9GmzJVIazV6_

[zangdook] 17/5/2024 17:29

It's not a gold miner, it's a Mellon con trick.

[baldrick1] 17/5/2024 16:59

Why is this going down when gold is going up??Is there something wrong unbeknown to us ??

[oldiegoldie] 17/5/2024 15:23

Redprince now I have to filter you too, all this negativity in your last post. How comes you become so realistic?

[diggybee] 17/5/2024 15:06

Careful red prince, you are moving across the rubicon...

[septblues] 17/5/2024 13:26

redprince - yes, that's part of the finance training

[redprince] 17/5/2024 13:02

Septblues - well yes i was about to make that point and Jim knows that gold is only going one way in the short to medium term - he has stated such last year.

However the 18 months of this process (thus far) with no binding offer has cost us millions of working capital with (so far ) nothing to show for it.

Dont think that each passing month is a zero cost to us - it is not.We incur expenses every month whether we are in the sales process or not.

[septblues] 17/5/2024 12:08

time has cost us? - 8 mths ago gold was c $1800 now its c $2400

[book5] 17/5/2024 09:57

Only one because the rest have been told not to bid or else?
A nightmare to many
Gla

[redprince] 17/5/2024 09:27

Yes my reading of this is that only one party is currently making a serious approach ie coming anywhere near the FV that Jim wants.
Tbf while i feel we should have got down to the serious talks around 8 months ago and
that time has cost us;i cant fault Jim for sticking to his guns.Meanwhile the rising price of gold underscores his argument.
Beyond frustratingly slow and we are unlikely to see any proceeds of sale before winter if not next year - but hopefully the long wait will be worth it.

On a brighter note the sun is shining:)

[diggybee] 17/5/2024 09:16

What land?

[highley1] 17/5/2024 08:17

The tone there suggests that prices offered so far are lower than their expectations.......

I notice they don't actually say they wholly own the land!

They really do need to make a clear and unequivocal statement to the market declaring they own 100% of the land required for the mine in my view.

[oldiegoldie] 17/5/2024 07:56

Mark turns into a Nicaraguan socialist it seems, denying the mechanisms of the free market for determining a “fair price”

[888icb] 17/5/2024 07:48

Chairman’s Statement
Extracts from the Chairman’s Statement:

“ By way of an update on the sales process as at 16 May 2024 there are currently eight companies under Non-Disclosure Agreements (NDAs), five non-binding offers received and three site visits completed. Although none of the non-binding offers have progressed to firm proposals to date, the Company is in advanced discussions with one gold producer, while 2 other parties are actively reviewing the Company's assets. The Board is optimistic that a sale will be concluded in the near future.

Wholly owned, fully permitted, construction ready gold mines, with a Feasibility Study completed, with potential production of 150,000 oz gold per annum, in major Gold Districts, with the land acquired and a new SAG Mill package purchased are rare and in demand by gold producers replenishing depleting reserves.

We are very aware of the value of our assets and will not allow them to go at anything other than a fair price.“

[book5] 17/5/2024 07:44

Why has the rest of the land not been purchased yet?

What offers have the miners rejected so far? What are they asking?

Why a cpo is not mentioned?

Maybe everything is under control, and I should not keep reminding people that we need answers.

[888icb] 17/5/2024 07:30

RNS Annual Financial Report
This is the key paragraph:

“ Post Period Highlights

· As at 16 May 2024, eight companies are under Non-Disclosure Agreements (NDAs), five non-binding offers received and three site visits completed. Although none of the non-binding offers have progressed to firm proposals to date, the Company is in advanced discussions with one gold producer, while 2 other parties are actively reviewing the Company's assets. The Board is optimistic that a sale will be concluded in the near future.”

[book5] 17/5/2024 07:25

Rns out

Unfortunately, all remains the same; hence, why did the share price go down from around 35p to below 30p? Was it leaks?

The market should respond to this rns.

A sorry state of affairs

[book5] 17/5/2024 06:48

Two gold miners connected to goverment sanctioned.
Similar mechanism adopted in these sanctions could be extended to other miners

Imho the Market will not respond yet, the thread has been hangling in our head for a while. The risks of operating in Nicaragus remain high.

The above reinforces my view that calibre is not allowed to buy us, but I may be wrong.

[oldiegoldie] 16/5/2024 17:47

Reassuring

[book5] 16/5/2024 17:26

no news from the village

[baldrick1] 16/5/2024 15:43

Thanks oldie goldie;)

[oldiegoldie] 16/5/2024 15:12

Baldrick I think the most relevant news for you today is that 888 did not filter you. Maybe CNR will mention that in their next RNS