Condor Gold Share Discussion Threads

[diggybee] 13/2/2023 10:44

Trouble is that many of their recent steps have been the exact opposite. Although it was horribly unlucky to release the dfs on the same day nicaragua sanctioned. But there were options before that maybe shd have been taken that are now not available. And it is not just trust in management that is rock bottom, but trust in nicaragua management. Unfortunately mark seems to think that his bfs relationship with Ortega is a plus point. Which to me seems like a deluded parallel reality.

[dexdringle] 13/2/2023 10:35

book5 12 Feb '23 - 23:23 - 10309 of 10312

Ortega has just jailed a bishop for 26 years that is the risk we are facing here a government that gets his way

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

Perhaps MC was involved in this attack on the ecclesiastical representative?

After all, he's notorious for bashing the bishop when he should be working....🤣

[redprince] 13/2/2023 08:14

Too much blather and speculation on this bb.Different people have different agendas.
They wont be giving anything away - post 10308 above explains exactly why they wont.
Wait for the rns to confirm this.
Yes its frustrating but by end of March we will know and frankly i much rather they took their time and did this thoroughly and properly to get the best result.

[connect5] 13/2/2023 07:55

Did you hear the one about the minister and CEO? I'm sure there's a story about that as well.

[dogface3] 13/2/2023 07:20

I wonder if mark had dinner with them as he has with every other corrupt minister in Nicaragua

[book5] 12/2/2023 23:23

Ortega has just jailed a bishop for 26 years
that is the risk we are facing here
a government that gets his way

[888icb] 12/2/2023 16:11

From Nero120 on lse:
“ Adrian Day interview12 Feb 2023 10:42
I listened to a podcast yesterday with money manager and gold investment specialist Adrian Day (manages one of Peter Schiff's gold funds) and the whole thing is a great listen, but towards the end of the interview I heard some things that are very relevant to our situation that investors here might appreciate:



Watch from 1hr 6mins, some highlights:

- Copper mines are typically large and take lots of capital and time to bring online compared to gold
- Permitting times are getting longer all over the world including in the US
- Streaming has become a much more common way of financing a mine build compared to issuing equity
- If you're building a mine you have to dilute, either at the mine level or at the company level (if you don't have the capital already)
- THE THING THAT THE AVEAGE RETAIL INVESTOR DOESN'T UNDERSTAND IS THAT A LOT OF THESE COMPANIES IF THEY ONLY HAVE ONE OR TWO MINES THEN THEY HAVE TO BET THE WHOLE COMPANY ON THE ONE MINE!
- Taking on a lot of debt is onerous for a junior gold company with only one mine/project
- There are many risks in building a mine and very few new mines come in on time and on budget
- This situation has got even worse in the last few years as inflation has increased
- The largest cost of running a mine is energy, the second largest is local (labour) costs
- Average grades of gold mines have collapsed over the past 20 years

I realise that trust in Condor's board and management is low right now, but we know that we have a proven, permitted and economic project that is ready to construct. That is worth a lot of money in it's own right, certainly more than our current market cap of £30m!!

We are all concerned what is happening behind the scenes as we are in the dark, but we have to remember that our board have a lot of skin in this game and are incentivised to sell the mine at the highest possible price. If Jim Mellon has decided he wants out now then his only choice is to sell the assets to the highest bidder (unless someone is willing to buy him out), we can rest assured that he is working hard to get a mutually beneficial deal done, the man is not an idiot. He knows he's got a valuable asset and it is unlikely he will let it go for fire sale prices.

Hold fast.”

[book5] 10/2/2023 13:19

Apparently a cnr employee has told to the miners working at la mestiza that they need to leave by end of March bcs we are selling, and we are selling probably to the Chinese
Also again rumours security company will surrender their functions to the army in the near future
What we don’t know is the real reason/s why cnr is telling the above to the miners…are we instead doing a toll deal which would not be received very favourably, so the white lie? are we trading la Mestiza in a land swap?. are we trying to scare the miners with the army so they keep quiet ? Hopefully We will know by the end of march

But things are moving fast: apparently notices have been given to all miners currently working on cnr land and security company is leaving too in the near future

I have not heard anything regarding the coop land. imho This is an important piece of land we need for la India mine

Unemployment will continue to grow in the surrounding villages , let’s hope there will not be trouble, ie people will not get hungry

Gla
Dyor

[diggybee] 10/2/2023 12:00

They are still digging forIt according to their embarrassingly awful twitter feed.

[book5] 10/2/2023 07:56

Let’s see if there are leaks and share price goes up in anticipation of possible positive sale process news.

[book5] 09/2/2023 18:28

A humanitarian solution thanks to the USA

a good agreement hopefully more to come and soon

[dexdringle] 09/2/2023 11:33

....and....No ability to dig up gold....

[diggybee] 08/2/2023 22:59

He needs to go. No clue. No credibility. No presence. No charisma.

[zangdook] 08/2/2023 21:38

I hope it's wishful thinking wanting to keep his job and as soon as the cash comes in Mellon will send him back to Harare to teach toboganning. The problem is, Mellon will use the cash to set up a useless doomed life sciences company. If there's ever any cash.

[book5] 08/2/2023 21:07

The Tatiana vein, one of the veins in la Mestiza, is very very rich and Everybody wants it. Most probably calibre has put an offer on la mestiza .
Problem is we cant sell la india till we buy all its land , we need a rns confirming it; therefore imho mc’s commentary intents to make waiting more durable.

But

[dexdringle] 08/2/2023 18:55

In that video, MC says "as a significant shareholder, one of the big things for me is that one and one makes ten". No wonder the bloody biscuit budget is blown with maths skills like that 🤣.

He also suggests that the enquiries he has had are from people wanting to sell us stuff if we do manage to offload the assets for cash. Nothing about anyone actually wanting to buy the bloody assets 🙄

[dexdringle] 08/2/2023 18:44

Yes, it's Twain you're thinking of. Who, ironically, also said "a gold mine is a hole in the ground with a liar at the top"

[zangdook] 08/2/2023 18:35

Would they be able to tweet this? Mark is such a stickler for truth and clarity that... wait, no, that's a different Mark.

[grimreaper2019] 08/2/2023 15:37

Just wondered how the bashing thread was going, as usual 'book5' leading the way with waffle and bluff.

But in the real world Condor tweeted this yesterday...

'Stay tuned - we look towards the sold milestone.'

Would they be able to tweet this if a sale was not going to complete?

[zangdook] 08/2/2023 13:05

Wait, MC is looking at buying other companies' assets? Did he not get the memo?

[book5] 08/2/2023 12:35

As he is NOT stating the lowest confirmed offer for la mestiza some probably are selling at a lost

[corrientes1] 08/2/2023 12:19

Better to make himself redundant for all the bad he's done to this company.

You can now smell the looming disaster just ahead of us.

[book5] 08/2/2023 08:50

MC’s says in a interview posted in Twitter:
I met a mining company to see if we are interested in their assets is South America? What is this bullsht?
Do not be foul: this message is saying we don’t have any firmed offer for our whole assets.
First We need to have a rns saying we own 100% of the India vein’s land, including of course the coop’s land. Till then is pointless even to pay fees to a broker to sell cnr assets
Probably we have an offer to buy la mestiza from a local based company but for that we don’t need a broker , perhaps offer is close to our current market cap, ie it seems the rest of assets are valued by the market close to zero
Last week cnr was on site measuring the coop’s land, that is a good start
Recently JM said we need money to register our property deeds, I wonder if that included we need money to help the coop to register their property deeds so we can buy it from them…..in Nicaragua as in other third world countries people don’t always have deeds for their houses. Officials may be getting nice presents to push forward the paperwork
Gla I just hope we have real news soon and not pointless twitters otherwise what is the objective, is it to pump up the share price so that someone closed to him can sell shares? Probably not but all this is frustrating.
MC has made redundant many employees, he should contribute to save cash too. He should renounce to his fees till the sell goes through, that would focus him, or better get his salary at shares priced at 27p to give some confidence to the market that we badly need. We are tanking

[diggybee] 07/2/2023 06:09

Newmont and newcrest. Nice to see some M&A.

[diggybee] 06/2/2023 16:14

Cheeesing gweeeeilooo