Condor Gold Share Discussion Threads

[dexdringle] 30/12/2022 12:32

xasY 👏👏👏👏

[grimreaper2019] 30/12/2022 12:16

Are you and your multi alias chums working for this outfit 'book5' - they are the most likely buyers and would clearly benefit from as much negativity around Condor as possible during the sale process.

[book5] 30/12/2022 12:04

Our NPV does not allow for the risk premium the market is putting in Nicaraguan assets.
Any Chinese or Russian investor will not pay more than equivalent assets to ours in Nicaragua
Why have MC and JM not explained the above concepts? Bcs they need the cash to enable (shovel ready) a low price sell rather than leave it to bully up if we were not able to buy the rest of the land due lack of funds.
Imho currently They do have not have a single firmed offer, otherwise they would not have asked for cash.
But I insist still we could end up mining the gold , first through a toll deal, then through a joint venture. And imho these is the only feasible solution to avoid ending up with very heavy losses in my Isa account

As we are 1.6 million short we may not buy the land as yet, but rather invest it in a toll deal from la mestiza

[redprince] 30/12/2022 11:35

post 10117 - i would happily settle for the midpoint between the price range you mention!!

[dexdringle] 30/12/2022 11:25

Well 888, the share price has fallen from 50p to 15p in 18 months so, on that basis, the derampers were actually visionaries. At the very least they were vindicated.

I wish I'd listened to them. I could have sold at 50p and bought back 3 x the number of shares now with the same money. I'd much rather have 300,000 shares at 15p than the 100,000 shares I now have at 42p (which is post this weeks placing in which, against my better judgement, I did partake).

After 10 years or so of ownership, I find myself hoping that, at best, I might get at least half of my investment back. There is no getting around the fact that this whole project has been an utter, unmitigated, financial disaster for investors. But a nice little earner for the CEO and other hangers on.

[888icb] 30/12/2022 10:49

Well said Grimreaper this board has long been dominated by a group of derampers and some with multiple aliases. Book5 has long been the lead deramper responding to every post and claiming local knowledge. The bb is a deramping club and as such is largely ignored.
I was asked yesterday on lse to give my thoughts on what the share price will equate to on a sale of the assets and I responded:
“ If I comment on likely share prices I only do so on the basis of what the company tells us about the value of our assets by RNS or in the course of interviews or presentations. We have all seen the BFS and you can work out value from that. In terms of comment from Mark in his interview at Mines and Minerals on 9th December he talked about having US$100 million to 200 million from the asset sale. Converted to Sterling that’s £83 million to £166 million approximately.
Based on the current market cap and share price the suggested share price would be between x3 and x6 the current share price of 15.35p.
The predicted range would therefore be between 46p and 92p.”

[grimreaper2019] 30/12/2022 08:18

More evidence 'book5' is a paid basher look no further than the above post, the bashing starts right at the open.

The fellow is so poor at his job it is blindingly obvious what the intention is.

He says....

'small directors do not hold many shares so no excuse for them not to buy at these levels'

Every man and his dog knows directors cannot buy shares during a ongoing sales process.

Now who is doing the paying, maybe that mid cap local company that has a mine nearby.

[book5] 30/12/2022 08:02

Zangdook
I agree with u
Which means
They do not believe this will be sold above 15p
Or they see this as too risky , ie it could get belly up before it is sold
Small directors do not hold many shares so no excuse for them not to have bought at 15p during recent capital raise.
I personally believe a toll deal is coming, in my view there is not other way
Calibre went up yesterday , they should benefit from cnr, hopefully we too

[zangdook] 30/12/2022 05:33

We still haven't had a directors' holdings RNS. I think it's fair to assume that none of the directors took part in the open offer.

Mellon took his but only because a gazillion options were attached, and his increased holding was covered in the 21 Dec RNS, which didn't mention any other directors.

[diggybee] 30/12/2022 00:22

MC's opinions are worth about the same as a toddler's after ice cream.

[grimreaper2019] 29/12/2022 19:37

Still working the boards 'book5' would love to know who you represent and how much you are being remunerated.

Your posting (bashing) has gone into overdrive since Condor put themselves up for sale, therein lies the clue.

[book5] 29/12/2022 16:16

A mansion in Nicaragua would cost millions of pounds to build, but the reselling value would be a fraction of that

Caliber NPV of all its reserves is probably many times its current market value. Why should the market value CNR differently? We do not generate cash, nor has assets abroad.

The only way to get the NPV is actually mining the gold ourselves, get a toll deal and reduce costs by getting rid of all the lightweights in the uk and part of the Nicaraguans too. Then save the deposit to finance ourselves the mine

Anyone one with cash would buy whatever is cheaper and safer, he or she would look how other business are valued in nicaragua

It will take years to take our investment back, I hope we are able to start generating cash soon bcs if we sell it would be a disaster for my pocket (imho we would be lucky if we get 27p per share in current market conditions)

[septblues] 29/12/2022 16:00

MC said Condor was worth £1.20 per share at the recent Denver Gold Forum

[redprince] 29/12/2022 11:03

My take on this fwiw (and i know less than many here) is that Jim has pushed for a sale because he is fed up with the time taken to get this far ie BFS completed on the first pit.Now why he would take a low offer is beyond me and a lot of folk are assuming he would - we do not know what price he would walk away from a deal and what he would consider selling up at.
For sure JM has lowered his average considerably although anyone else could do the same right now in the open market.I just went for my allocation and no more which brings my average down below 40p but i dont expect to make much here if anything.

Still i believe it was worth the risk - AIM is like this - a casino really where big wins are rare and director remuneration is usually well out of sync with the value (if any) created for shareholders.

[book5] 29/12/2022 09:42

JM bears probably the most responsibility of all the directors for where we are today bcs of the toll deal fiasco.
Most likely JM was the main obstacle for cnr not having a toll deal in early 2021
Even MC said he wanted one but not all the directors wanted it…then he blamed Calibre but that in my opinion was to protect JM who wanted more shares.

Investing in the mill was a disaster too, but the worse was probably not buying all land much earlier either by a cpo or negotiating

Result is probably a divided board and ruined investors

I hope they leave the past where it is an all concentrate in delivering value, for what we need is to generate cash

[flughafen17] 29/12/2022 08:49

Jim Mellon often promoted Condor at Master Investor events, frankly his decision to sell the project/company at the bottom of the market makes has done his credibility no good at all.

[silverspoon2009] 29/12/2022 08:38

Having attended a number of Condor presentations pre Covid by Mark Child - what would have happened if someone had asked during Q&A if they would put the company up for sale at a start price of 15p a share - the questioner, at the time, would have been laughed out of the room as Child was propagating Condor was materially undervalued at 45p a share, I recall he even had charts of peer valuations to prove it.

What a complete comedown for Child, a well remunerated CEO with a very poor performance record, one suggests he has taken circa £3m in salary over the time of his tenure.

There is no doubt in my mind Mellon wants out and he will settle for his money back and not much more, so it looks like 35p-40p is most likely, far far away from Child's dream of £1+ suggested back in 2017/18.

New CNR buyers could make a decent turn therefore as the low exit price will attract buyers & thankfully Child will not be involved in the negotiations as Mellon will do the deal.

[book5] 28/12/2022 14:18

Silver
Agree with all except the exit price
imho he would accept a lower offer than 40p
What would change the situation is if we would get a toll deal from la Mestiza to La Libertad, and reduce uk based overheads. Probably with a 20koz per year toll deal we could save enough money to build the mine for la india in 4 to 5 years. I hope This scenario is still possible,

[corrientes1] 28/12/2022 11:37

With all these apparent sells, why hasn't the share price moved down more ? I can recollect steeper price drops on lower volumes. I've got a horrible feeling about this situation.

[book5] 28/12/2022 06:47

Difficult to fully understand all the expresións in the above article, after reading, what i understand is that the
USA government does not disclose future sanctions, current Sanctions are maintained ( they are not increased). Article mentions last October sanctions against government’s mining company, but does not elaborate more.
Gla

[book5] 23/12/2022 17:13

😩😩😩
JM is not a dictator but a shark, probably with a bad indigestion for getting too many shares instead of accepting a toll deal in 2021.
Ortega triggered his indigestión and other miners de-rating