Condor Gold Share Discussion Threads

[swanvesta] 11/12/2024 08:03

zangdook, I think your input might be more valuable on the MTL board than here? If the problems are as bad as you suggest then it's MTL shareholders who need to be warned. Whereas it would seem a blessing for CNR holders who are about to lose all those problems.

[zangdook] 11/12/2024 01:48

13424 So you've realised there's no point trying to belittle people by calling them weird and accusing them of trying to get others to sell? Perhaps there's hope for you yet.

You seem to think there are no problems at all and Condor, after years of saying they would develop the mine and even buying a mill, decided one day to sell it instead because they don't know how to build a mine and don't want to hire people that do? How long have you been following CNR? Have you read a single one of their RNSs?

[aleoap] 10/12/2024 18:57

MTL investor presentation today httPs://youtu.be/en8ZJ3NeRac?si=ONwUfu47GAAmwIwO

[swanvesta] 10/12/2024 18:05

zangdook, Condor has no mine building expertise. Hence, after completing the FS, they put the project up for sale rather than choose to develop it. MTL do have the expertise and are highly competent operators as well.

There's no point trying to belittle others on BBs. The real battle is with yourself and reality. Good luck.

[zangdook] 10/12/2024 16:54

if I had twix up my sleeve I would keep well away from 'nick candy'.

[zangdook] 10/12/2024 16:52

13418 You quote me and then say I omitted something you actually quote me saying. FFS

Obviously achieving production depends on solving the problems which prevented Condor developing the mine. You say that my argument - that there are difficult problems to overcome but if they manage it they will probably start production within five years - amounts to a "weird" "doubt" and makes you think I want other people to sell shares? Why should I care whether anyone sells shares? And your "because Jim Mellon" really gives the game away on reading comprehension. You should check what you've written before you click the button, because you're just making yourself look demented.

[dexdringle] 10/12/2024 16:31

Yes, he's always got a couple of Twix up his sleeve. This time it's Hob Nobbing with his fellow billionaire Nick Candy.

[redprince] 10/12/2024 15:50

My money is on Jim bringing over the biscuit stash from the existing Condor site and getting a performance related bonus for his tea boy duties!

Aimho.Dyor:)

[dexdringle] 10/12/2024 15:01

《《298; Apparently, we should also not expect anything from the CVRs because "Jim Mellon." But he's on the receiving end of this deal, with a large shareholding that would benefit from the CVRs 》》299;

Given that he's going to be on the board, I'm sure they can find another way to compensate him for the lack of money from his CVRs......

[swanvesta] 10/12/2024 13:57

"If they can make the problems go away quickly it may be hard to avoid a gold pour within five years, but that's a big if"

A couple of ifs you omitted to mention.

[zangdook] 10/12/2024 13:55

"zangdook is doubting that MTL will get to production in 5 years"

what I said: "it may be hard to avoid a gold pour within five years"

reading comprehension...

[swanvesta] 10/12/2024 13:51

Right, so dexdringle is ignoring that half the CVRs are paid if any gold at all is produced within 5 years. While zangdook is doubting that MTL will get to production in 5 years. And regarding the other half of the CVRs, the resource CVRs, they suspect MTL will either not find any more ounces or (I'm guessing) be dishonest about reporting them.

Those takes are surprising to me, as MTL are clearly hoping to get to cashflow as soon as possible, bearing in mind their current mine will be depleted in a couple of years. And I believe they have said they will begin exploration in short order (but maybe that's a lie) and noone spends money on exploration if they don't expect to find anything.

Apparently, we should also not expect anything from the CVRs because "Jim Mellon." But he's on the receiving end of this deal, with a large shareholding that would benefit from the CVRs. By comparison, he's not really benefitting much from his non-executive role at MTL is he?

Weird how people think. Or maybe they're hoping people keep selling?

[dexdringle] 10/12/2024 12:09

I don't think anyone is realistically expecting to receive anything from the CVR.

[highley1] 10/12/2024 11:00

The CVRs are a clever way of making this deal look better than it really is.

[snotra] 10/12/2024 10:47

That 3.158m is the existing resource + 800k hurdle.

[redprince] 10/12/2024 10:41

At least and at long long last there is a genuine prospect of getting the gold mined
which is the only way to realise the value of the resource.

Also we won't have to listen to MC's patter on indicated,inferred and shovel ready.Thank God.

[zangdook] 10/12/2024 10:23

not quite
half if there's a gold pour within five years
half on new JORC resource ounces above 3.158 million, capped at 800k, within five years

[snotra] 10/12/2024 09:56

It's 50% on first pour, and 50% on new ounces discovered (not extracted) over 800k up to 1.6m from 40000m of drilling.

[dexdringle] 10/12/2024 09:21

Essentially, they entitle Condor shareholders to an $18 per ounce 😂 share of any gold extracted IN EXCESS of that which is thought already to be there.

The trigger is therefore the amount already thought to be there.

[swanvesta] 10/12/2024 08:58

dexdringle, could you point me to these "trigger figures" for production please? As far as I can see the only trigger for the production CVR is that there is some.

[dexdringle] 09/12/2024 13:24

The CVRs will be worthless anyway. They will find a way to ensure that 'declared' production falls just short of the trigger figures.

[diggybee] 09/12/2024 13:06

Take what is left of your money and run. Do not get involved with charlatans like these again. Expensive lesson but a worthwhile lesson

[888icb] 09/12/2024 12:40

If the CVR’s are paper certificates that can’t be held in an account such as the SIPP and ISA’s in which I am currently holding my CNR shares that is very unsatisfactory as it will remove funds from my tax free wrappers. I believe they need to come up with an alternative to these CVR such as more MTL shares per Condor share and or more cash.