Condor Gold Share Discussion Threads

[sharenotes] 01/12/2022 17:02

I don’t think four lawyers would quite see it that way or, possibly, it has now reached the point of arbitration and the government is involved – pure speculation, however.

[zangdook] 01/12/2022 16:57

It's consistent with what the company says - that they aren't trying.

[sharenotes] 01/12/2022 16:56

I get the impression that negotiations are still taking place – do you know who is negotiating for the artisanal miners?

[septblues] 01/12/2022 16:54

Book5 is advocating that the Coop is paid market value and then gets another ransom concession at Mestiza.

not long ago you said that your only contact was with the niece of Coop leader - now you say "I am in contact with local people frequently, and they keep telling they have not sold, there are not negotiations. " you can be next door and not know negotiations are going on.

[book5] 01/12/2022 16:51

No public offer has been made to the coop
.

[sharenotes] 01/12/2022 16:46

Putting Twitter to one side as it's not the main point. I have raised what I believe to be the formal position and, hopefully, will evoke the sort of close scrutiny a potential acquirer will pursue.

[snotra] 01/12/2022 16:41

That twitter account is linked to from their website.

[sharenotes] 01/12/2022 16:37

Zandook, I doin’t think twitter cuts the mustered, at least not in my book. But each to their own. I think it not unreasonable to say that we do not have visibility of all the jigsaw pieces. Notwithstanding, we all try to complete the puzzle nonetheless.

[zangdook] 01/12/2022 16:29

"Condor anticipates the remaining land will take a further six months to acquire.

• Condor has a land acquisition team of four in-house lawyers"

That doesn't quite fit with this

"Condor hasn’t even tried to buy it in the last 12 months"



Admittedly it's not a verified twitter account and may be a fake, like the AAZ fake account.

[zangdook] 01/12/2022 16:19

There once was a bloke called Jim Mellon
Whose bank account never stopped swellin'
He sent Mark to tell lies
To the lowly PIs
"We've bought all the land," he kept yellin'

[book5] 01/12/2022 15:54

888
Evidence is:
- no video posted by cnr of mr Ruiz saying how happy he is with the sell of the coop land. Cnr has been posting videos from other land owners but not from the coop. Coop is most important land owner : 40 hectares and cover large % of vein. Ask mr MC why he has not posted that video, answer : bcs mr Ruiz has not sold (in behave of the coop), unless he is totally corrupt and committed fraud with help of a judge and help of cnr (u never know), in which case we will have a revolution

- I am in contact with local people frequently, and they keep telling they have not sold, there are not negotiations. Even mc said he stopped the negotiations

There is lots of circumstanci evidence;
We need 4 million
Register title deeds
No construction ready but we have all technical reports? Tell me what is missing
To register a property takes an afternoon in the solicitor

[dexdringle] 01/12/2022 15:49

Snotra 1 Dec '22 - 15:32 - 9725 of 9725

I don’t trust Mellon and Child an inch but I’m going to back them here. They’re not good at mining but they’re good at corporate finance.....

=====/======/======/=====

Yes they sure are. The interest on the loan, plus the warrants and options, will get JM's average down nicely so he can sell the whole kit 'n' kaboodle for 30p or whatever and get out with his shirt.

No wonder MC was so reluctant to buy shares previously. If this thing had legs he'd know before anyone and would have been filling his boots. But he wasn't. And now we know why.

[888icb] 01/12/2022 15:46

Where is your evidence that CNR does not own all the Land. The Company is not putting that in its documents and as part of its latest corporate action is obliged to make full disclosure of any material issues and say how the money will be spent. The only use of funds relating to land is “ re-register land title”. So this continual banging on by book5 that CNR doesn’t have all the land and is therefore not worth much,is simply deramping nonsense.

[snotra] 01/12/2022 15:32

I don’t trust Mellon and Child an inch but I’m going to back them here. They’re not good at mining but they’re good at corporate finance and now their objectives are almost perfectly aligned with the rest of ours.

They will sell the asset and they will sell it for a price (substantially) north of here. If they can get more than one interested party and gold continues moving up there may yet be a way out of this mess. I will take my full allocation.

[book5] 01/12/2022 15:17

" that making a direct deal with the co-operative will be extremely difficult, and we shareholders won't really benefit as much as we'd like."

to deal with the coop is extremely easy, $1.08million and part of la mestiza
problem is that cnr whole strategy for all years, except the last two ones, was that a cpo will land from the government. However, and as the miners protested in 2020 (no cpo), then we had to try to find more gold (cacao), or probe that the india alone is enough ( proof the india pit's walls can be more steep/vertical, count every single onz of gold). this with the objective of making the project commercially possible even without la mestiza. well we are there already

Please be assure that the coop wants the money and the land, and will sign a sale agreement as soon as the offer is presented to them. Question as always is what happens if the offer is less than what they want, and whether we will be forced to give away the whole of la mestiza. Older / retired associates want the cash, younger ones want land. I believe we will give only part of the land of la mestiza, but i am not sure, miners are tough negotiators because they are not in a hurry.

locals were split 50-50%, i don't know now, but probably now they are 60% against because many jobs have disappeared. still a 40% is a good support

so a deal can be done, we just need to be generous enough
question keeps coming to me is whether the mine will be acceptable to a big miner considering its proximity to the village. but i am probably over-worrying mysef...

lost / reward ration on my book
worse case: maximum we may loose another 50% of today share price - we only sell la mestiza and give up on la india
if we loose la mestiza and sell la india, perhaps 28p
on the good side, if we keep all the pits then, could this reach 40p?

gla

i am not paid by anybody

[oldiegoldie] 01/12/2022 15:11

Septblues I was also wondering about book5 changes in English writing. Maybe he is several persons? Difficult to say.

I agree with your view that book5 seems to be bound by some sort of financial interest, going beyond his personal investment portfolio.

I think his mission was from the beginning to disturb the exploration and mine construction activities of CNR, even though positive messages from him over several years gave a different impression.

Does anyone remember the fund collection for his “local contacts” 2 or 3 years ago? - I believe several of you donated money hoping to get privileged access to information, which I found amusing back in the days, TBH.
Maybe you could use the bank transfer information to find out who he really is.

[septblues] 01/12/2022 14:57

Share notes, I wouldn't give way to Book5's insight but he does appear to know far more than any outsider would know.

I think Book5 is a paid insight. He he is paid as a PR representative of the coop and government. He's well educated which he disguises by using tried and tested techniques to change his English.

[zangdook] 01/12/2022 14:45

istm Mark Child has some sort of mental block preventing him from buying the last piece of land, and also preventing him facing up to this, which is why he constantly lies about it.

I don't see a solution unless through JM the non-exec chairman - whether he forces a purchase through against MC's opposition or has to sack him. No-one's going to buy the assets in this incomplete state, unless they really get them cheap.

[sharenotes] 01/12/2022 14:43

Corrientes1, not quite a dispassionate appraisal, but I certainly get the gist of what you are conveying. However, I do not get the impression that ‘locally, the name of CNR stinks,’ but will give way to book5 and his insight.

[corrientes1] 01/12/2022 14:34

The extreme conditions affecting CNR today, arising from both internal and external causes, has clearly created a dangerous virus, so that even some of the posters here have been exposed to it in terms of their extreme views. That is perfectly understandable given the company's present diabolical share price, management inertia etc., which ultimately defies logic knowing just how much gold is in the area, with the company not quite having 100% ownership. It must have created a situation so that somebody somewhere, and whether done legally or illegally, is probably going to make that person very wealthy indeed at the expense of innocent long-suffering shareholders of a company that has been invested in the area for such a long time with nothing ever happening. A polite way of saying this is to use the 'frustrating'.

To me anyway, the sixty-four-dollar question is just how much money is needed to get this outstanding important piece of land and what this means to shareholders. The probability, which I hope won't be the case, is that CNR's name stinks locally, (history being proof) so that making a direct deal with the co-operative will be extremely difficult, and we shareholders won't really benefit as much as we'd like. The likelihood of some eventual underhand deal not involving CNR, is when the real money will be made

Just my pennyworth, trying to think this thing though dispassionately.

[sharenotes] 01/12/2022 14:17

It’s not too difficult to look clever simply by picking any company developing a mining resource and slag it off. Why? Simply because the vast majority fail and even during the development period, often they are operating in survival mode – shooting fish in a barrel comes to mind.

Could CNR have done things better – sure, there is a long list! Can a desired outcome for shareholders be delivered? The odds have shortened, no doubt, but the probability that the share offer will be taken up is not miniscule.

What are the odds that a return to shareholders of more than 15p a share will be realised? I have not been a very long term holder, like some; indeed sold quite a few, mostly in 2020 (even managed to catch a spike around 60p – nothing but pure luck!). Returning to the 15p question; not a certainty but I will be taking part in the open offer.

[septblues] 01/12/2022 14:04

Any company thinking of buying Condor or its assets will be reading social media BB's such as this