Condor Gold Share Discussion Threads

[book5] 04/6/2021 15:37

Yes I heard some of the land has rastras.

Owner is probably asking for compensation of these assets

They look like this


He is one of the main gold dealers in town.

He probably has a case too to recover his investment, and may be more, from his small piece of land.

[book5] 04/6/2021 14:38

Corrientes
Totally corrupt, and without respect for human rights.
I am sure u know what is happening with Cristiana Chamorro.
I wish the comandante is kicked out next 7th of Nov

[corrientes] 04/6/2021 14:31

The word ' honesty' may not be part of the Nicaraguan lexicon,(remember it's one of the most corrupt countries on earth) so on that basis why should anyone believe anything that's posted on here ? Just going round and round in circles, at a speed which is in inverse relationship to the share price movement which is almost nil at the moment.

[book5] 04/6/2021 14:21

I am heavily invested here.
But I am not part of those claiming we should get the land bcs we pay taxes and the rest shut up.
Neither part of those saying the people love us and want us, so kick the miners.
For ur same reasons, they could say : kick the foreigners, pay then a bit of cash, and we get 100% for ourselves . Would u like that? Still it will be fair for some.
The above are the ones that have the misconceptions, and is mainly fulled by MC presentations。;
What frustrates me is that cnr has followed the route of cpo and the goverment has delayed us, and there is not enough honesty. MC paints a picture of locals are robers, rather than speak the truth about the root cause of our problems and how he is trying to solve them.
A good business should be for all, including future generations.
A buy for me.

[oldiegoldie] 04/6/2021 14:04

Book5, I can understand your disappointment, but please bear in mind that there has to be a businesscase for everybody involved, locals and investors.
The real wealth for the region will come from the operating mine, not from a few overpaied land packages.

A few personal words: To me you seemed to be involved with the locals there from the beginning on, and I understand that this influences your perspective. You were negative about CNR many years ago, then you were positive for some years while it looked as if CNR would make the land owners very rich, and now, as our management is pushing harder, you change on the negative side again.
This is why I always read your postings here with a bit of prudence and scepticism.

From CNR perspective and shareholder perspective, things look very good at the moment. I was criticising Mark a while ago for being too soft, now he is pushing harder, and it proves to bring results. This will make some locals a bit less happy, but in my opinion the mine unlocks jobs and wealth for the locals that would have never been unlocked with artisanal mining only.

I hope that the majority of posters here understand the involvements of other posters and make up their own mind about who is posting what and why.

[book5] 04/6/2021 13:10

It will be resolved only when cnr gives excellent land to the miners for their land + cash, or the land is stolen from them.
Even last week cnr was drilling again in the cooperative land. Lots of cheese in it.
I would like MC to say how much of the 680k oz are in the apparently very long (few hundred meters long?) and narrow strip of land of the miners? 10%, 20%, 30%, 40%?. Is this why the share price is low? Bcs a large % of the reserves are within a coop of miners land? It is a genuine question, I dont know the answer. Probably the miners have asked the same question too. I know miners get good grades next to the surface and the goverment geotechnical engineers selected this area bcs is very good, they said is from where the rest of the veins part...whatever this means.

[oldiegoldie] 04/6/2021 10:42

The problem I have is why is the tone so rude when all of this is a non-issue?

[book5] 04/6/2021 09:07

It is easy, even natural to human condition, to be rude when one eats on a silver plate and others on a plastic one.
They will regreat their comments。
This is a symptom of something worse.
we will move on towards production.

[888icb] 03/6/2021 14:30

They can ask for what they perceive as fair value but if their perception is 10x what the other 96% perceived as fair value, then their perception is clearly flawed. Just imagine how annoyed the 96% will be if the 4% get a lot more for their land. Mark is doing the right thing to manage the whole situation including other issues goin forward.

[corrientes] 03/6/2021 14:27

I also got angry with the derisory value attributed to TSG. As an insignificant shareholder, recognise that you have no control whatsoever, so grab what you can and be thankful that you come out with a profit. We forget sometimes, that investing is just gambling in a more sophisticated form.

[zangdook] 03/6/2021 14:19

5613 of 5623

I heard rumours that cnr has recently visited land owners and offered less than half of the money than what CNR paid before for adjacent land.

5619 of 5623

5 landowners accounting for 4% of the land are attempting to hold CNR to ransom. They are demanding many multiples of what the other 96% have accepted as a fair deal.

really? I hate it when a company like TSG is bought out cheap and I can't do anything because the big holders took the deal. People have a right to ask what they perceive as fair value.

[ajinvesting] 03/6/2021 14:08

Refer to my post 5541, which received a pretty unprecedented seven thumbs-up.

"I trust MC and JM to get on and do what's best for the long-term future of the company. That of course includes ensuring that local people and employees are treated with dignity, respect, fairness and that the company acts with social responsibility.

The land arrangements will be sorted when necessary and appropriate. CNR will and should not pay excessively, however the price and associated arrangements will be a matter of negotiation, so the optimum answer will be arrived at."

[book5] 03/6/2021 13:53

Wrong
Many locals miners dont want condor, but they respect the rule of law: we own the land, we are the largest land owner. They respect us, and happy with our social work.
For many this is a selling of their way of life.
It is natural, many are worry about changes, and loosing their land.
I would say majority will dissapprove cnr if they do not get land for land.
Majority are unhappy with the big land owners that sold, yet they respect their decission.
We have many persistant enemies too.
So it is important a good PR.
The village is split, and many could change their mind against us if they perceive something is unfair, or damaging to their life

[huncher] 03/6/2021 13:39

Once they are seen as a soft touch they will encounter all sorts of problems further down the road.

[oldiegoldie] 03/6/2021 13:36

I think Mark has most of the locals on his side when mentioning the last 4% of non-sellers.
These last few landowners slow down the creation of many new jobs.

[888icb] 03/6/2021 12:13

5 landowners accounting for 4% of the land are attempting to hold CNR to ransom. They are demanding many multiples of what the other 96% have accepted as a fair deal. Let remember if CNR weren’t buying the land it’s effectively worth nothing. Why would the Government or more importantly the people who have already sold be concerned about a cpo or resisting extortion. The local people want the mine to go ahead as their lives will be much better on every level.
Mark says the land is not a problem and he could write a cheque today to sort it if he needed to but he wants to only pay a fair price. Let him get on with it and stop raising issues for new investors which aren’t actually issues.

[book5] 03/6/2021 11:27

I dont know in English, but in Spanish Nicaraguan those words are very offensive , specially bcs they are so formal. u dont hear them.
I am keeping quiet about it.

[connect5] 03/6/2021 10:57

Certainly a poor choice of words on such public platform and rather unnecessary regardless of one's own opinion.

[888icb] 03/6/2021 10:50

Tester is writing a script to convince himself that he can deploy his funds elsewhere for six months and then return to Condor at a similar price imho. That strategy is clearly helped if others do likewise. I believe there are serious flaws in his argument. He says the market doesn’t believe CNR will ever produce gold under Mark’s management,which may be true( as personally I have always thought Mark would sell before production), however if that is correct the likelihood of a sale in the next 6 months is extremely high.
Tester also says Ross Beatty is still selling, which he has said for sometime without evidence. In the last presentation Mark said that RB hadn’t sold any shares since CNR bought the SAG mill. He said he gets on well with RB who likes the project but is not core to his investment strategy because he has focused on Equinox where he has a very large stake.

[diggybee] 03/6/2021 10:37

Yes that was oddly unnecessary and out of context to a Swiss German on the world wide internets. Even more odd as those words seemed so incongruous in his mouth.

[book5] 03/6/2021 10:17

Tester
I read u in lse board.
Imho The smoke an mirrors here is probably bcs the goverment does not give us a cpo to buy cooperative land before the elections, hence the delay.
This time has to be used for something productive so the drilling (find alternative route to cpo), Engineering, BFS (to get better finance conditions), etc
Imho If we have had the land by last December we would also have the finance package by now.
Cnr looks confident though.....
Very bad when MC used s.o.t.b words when he referred to the greed of some land owners. He should look himself onto the mirror first. Very poor public relations, some of those guys may be listening. Video should be edited, u dont want it in the nicaraguan national news, or in our enemies website. We all should be carefull with our tongue.

[book5] 03/6/2021 08:17

I heard rumours that cnr has recently visited land owners and offered less than half of the money than what CNR paid before for adjacent land.
Good to hear there is some activity in this front, has a new wave of negotiations started?
It seems the usual bargaining tactics.
Gla