Condor Gold Share Discussion Threads

[aleoap] 03/1/2023 14:48

Recent interview with MC covering thoughts on gold and blockchain httPs://youtu.be/vIQOnNQ1xrQ

[corrientes1] 03/1/2023 14:44

book5 - Thanks for that. I suppose you could say that all the time MC knew nothing was likely to happen, tales/hope had to be invented to maintain the rationale for the company's continuance, and more importantly for him, his remuneration.

Yes, we must hope that world-wide events move in our favour so that sanctions are more likely to be lifted. I haven't looked to see what age this Ortega is, but he must be getting on and a new boss is likely to have his own agenda.

On the other hand, it's equally likely that the CNR board will have to go, one way or another for anything to get done. Possibly because of local history and the inevitable tensions created over the years, maybe only a new broom can sweep clean here, I haven't a clue as to the true long-standing relationship between the locals and CNR, but I don't feel confident after such a long time has elapsed.

[book5] 03/1/2023 13:45

Corrientes

Imho:
- main problem at the moment are the sanctions.
- however, main reason for prolong decline was bcs it suited JM who wanted to keep issuing new shares rather than a doing a Toll deal, delays were welcome in the grand scheme of things. All to increase the % of the company he owns.


All previous capital raises, except last one, were well supported by JM's & MC's friends who kept increasing the % of the company the own at progressively lower prices, so much so we were never invited to take part. However after sanctions this changed bcs risk has increased so much

There have been a bit of porkies / spin from MC (info about large number of squatter miners was never given, how wonderful our wages are...., and how much we are loved by the miners..., how small and insignificant the coop land is), but he was trusted by the investors that participated in capital raises (excluding the last one) for a reason, they probably know him and believe he is a decent person to follow his lead.

lets see what our Canadian peers do today, we need that the sanctions are lifted asap

[diggybee] 03/1/2023 13:35

Actually in opthalmological terms that might still be 20/20 vision. Maybe lieutenant child was right all along.

[zangdook] 03/1/2023 12:56

what about the 99.6% eyed man?

[dexdringle] 03/1/2023 12:13

....until that eye gets taken out by a random flying biscuit shard in the Data Room....

[diggybee] 03/1/2023 11:48

And in the land of the blind the one eyed man is king.

[redprince] 03/1/2023 11:12

Good post Corrientes which is based on reason and logic.People who are saying a lowball offer would be taken seriously are clearly bashing to an agenda.

However you cannot win an argument against an idiot so even trying to do so is pointless especially when that idiot has an agenda.

[corrientes1] 03/1/2023 10:43

So the value of CNR is grossly down to sentiment concerning Nicaragua, rather than any normal mining fundamentals. This automatically ensures that it must have a complementary and ridiculously low valuation in those circumstances.

As everything in life goes in cycles, and there's now little probability that Russia or China (who've now got their own massive problems) will come to the aid of Ortega viz Nicaragua, he'll be seeing the writing on the wall and will prepare for it if he's bright enough. Despite arguments to the contrary by the Left, USA continues to attract the best brains, so ensuring it remains the most powerful nation on Earth. There's absolutely no sign this will stop any time soon and supposed financial catastrophes are just remote possibilities.

I know little about mining, but recognise that confidence, sentiment and timing is what's it's all about at the end of the day, and make no mistake CNR, based on truthful professional submissions will have its day, unless short term Board stupidity, greed or need, prevails.

[dexdringle] 03/1/2023 10:18

xasY 3 Jan '23 - 08:42 - 10138 of 10139

It's a pity CNR hasn't managed to mine any despite 16 or 17 years of trying

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😂😂👏👏8079;

[book5] 03/1/2023 08:55

What is remarkable is the decline of the price of natural gas
Russia is screwed , Nicaraguan government is probably of the opinion is not worthy to carry on the alignment with Russia and further upset the USA

[xasy] 03/1/2023 08:42

It's a pity CNR hasn't managed to mine any despite 16 or 17 years of trying.

[888icb] 03/1/2023 08:24

Gold upto 1850 this morning in Hong Kong now 1841.

[book5] 03/1/2023 06:45

According to this article
Daniel Ortega wants to negotiate with Usa, something similar as what Venezuela is doing…
His wife, Rosario Murillo does not want to negotiate till sanctions are lifted
Murillo lied about real reason why Ortega visited his brother, article suggests visit was to speak about negotiations with the usa

Also From yesterday article ( see previous post):
Ortega is very old and forgot in what year we are when spoke in public

Let’s see if Nicaragua miners share prices recover

Imho We should start a toll mining asap and save enough money to mine it ourselves, in the mid time this government should fall, both leaders are really old and currently there are some public arguments between them.

[book5] 02/1/2023 08:30

Sept, No. I do not smoke

A ray of hope



Let’s pray that Daniel Ortega frees all political prisoners , implement free elections and abides by the result. He needs to negotiate immunity for his crimes.

For a better 2023

[septblues] 02/1/2023 08:05

Book5 - did you attend the Nicaraguan cigar promotion event at the Embassy of Nicaragua in London? - I like a good cigar and looks like a fun event

[pugugly] 31/12/2022 17:32

BahamasOil - Thanks -
" market capitalization of B2Gold Corp. currently standing at about $3.87 billion Amex valuation. ,"

So CNR at current market cap would almost be a rounding error in their books. If there is any value in CNR B2G would have a lit of awareness of a possible potential.

[bahamasoil] 31/12/2022 16:27

B2 Gold previously owned the licence but swapped for the Calibre assets

[pugugly] 31/12/2022 16:13

Just had a thought Could any of the Canadian gold/silver/copper miners active in Latin America be interested here? As Canada possibly less exposed to S sanctions. If so guesses/thoughts as to whom?

[book5] 31/12/2022 13:58

I don’t really know
Figure of 2027 is in the back of my mind, may someone has the year at hand?

[bahamasoil] 31/12/2022 13:37

Does the licence expire before six years?

[book5] 31/12/2022 12:29

The way I see the possible scenarios:

what a cnr failure means to condor shareholder and miners:
Cnr sells La Mestiza
Nobody wants la India (too risky to pay a cent for it) and it passes to the government and back to the miners, miners will be happy. the drive of this is new owner would need to keep people employed, but calibre will not be interested in building a new plant.

The other option would be: since cnr has failed to finance the mine let’s prolong this by doing a toll deal from la mestiza till we have a new government - sanctions are lifted or whatever….just surviving is good enough. Under this case:
- we save btw $6 to $8 million per year for say 6 years. Sp goes to 30p and many will sell and exit.
- miners (mainly squatter miners) keep mining on the coop land and perhaps on few areas in La India with cnr consent
- after 6 years we build la india and the squatter miners get employed in the construction of the plant and then some of them are given new jobs in the mine. even if only for 6 to 10 years this should be acceptable

There may be other options (may be a joint venture where we lose a large % of the business to someone that finances the mine), but politically u will need to keep employing many of the miners or risk riots. The size of the plant may be scaled down to reduce investment.

4th option we find a non-Nicaraguan based buyer who builds the mine! the selling price will not be very attractive given what has happened to the market cap of fellow industrial miners in Nicaragua. JM probably breaks even under 30p

Government is now explicitly saying that only gives concessions to companies able to build mines, most probably it is disappointed with the the lack of progress.

Sorry for the chaotic writing, on the move as I write it

[zangdook] 31/12/2022 12:05

The problem with selling the assets is that it's unlikely to raise much money and we shareholders will lose out.

If Condor sell the assets there will be one buyer for local miners to talk to, just as there is now. In fact it will probably be easier, as the new owner will not be tied down by CNR's nonsensical dogmatic refusal to pay the asking price for the remaining land. Do you imagine CNR are planning to carve the concessions up into small plots and sell them off one by one? Are you exceeding your doctor's guidance with those colourful pills?

[septblues] 31/12/2022 08:09

I think book5 is saying "anything but" Condor's strategy of selling the assets, because under selling the assets, the artisanal miners no longer have one owner to negotiate with and have run out of negotiating options. Their negotiating strategy falls down. Family assets have less value. "Forever" lifestyles wither away.

[septblues] 30/12/2022 16:49

Book5 has told us he's a civil engineer and a scion of an artisanal miner in Nicaragua.

Calibre is smaller than Condor.