Condor Gold Share Discussion Threads

[zangdook] 07/4/2022 11:52

Go on, I'll start you off :-)

Mark Child got wasted on gin
The doubts had begun creeping in

[diggybee] 07/4/2022 11:07

Hopefully it is soon anyway. Then some may be forgiven. I really do think you shd attempt a limerick though triple 8.

[888icb] 07/4/2022 09:42

My apologies my hearing must be letting me down! So he actually qualified it by saying it “should be out in the next 2 weeks”.

[888icb] 07/4/2022 09:34

But he chose to say in a few weeks when 31st March was just 11 days away. He did not wish to flag a missed deadline at that presentation for obvious reasons. But let’s hope it lands very soon.

[zangdook] 07/4/2022 09:32

"We're doing a bankable feasibility study, this should be out in the next two weeks"

Go to 4'36, or click the link:

[zangdook] 07/4/2022 09:27

He had 31 March written on a slide

[888icb] 07/4/2022 09:15

In his talk on 19th March he said the BFS “in a few weeks” not 2 weeks. I would take that to mean sometime this month.

[zangdook] 07/4/2022 09:10

So even that late he still didn't realise it wouldn't be ready

[bahamasoil] 07/4/2022 09:10

DiggyBee>

The forecast BFS in two weeks was made on the 19th March.

Have I missed it?

[oldiegoldie] 07/4/2022 09:08

@diggybee he missed it already, the presentation was in march

[diggybee] 07/4/2022 08:46

Poor fellow look tired and bored to be brutally honest. No oomph in delivery and mostly just stuff he's pretty much been spouting on rote learned auto pilot. The best thing is the bfs out in 2 weeks. So another self imposed deadline. Let us hope he succeeds in meeting it.

[zangdook] 07/4/2022 05:06

He managed to get through that talk without mentioning the land, except to say how much they had spent on it. Perhaps Jim Mellon's presence held him back from any extravagant flights of fancy.

[diggybee] 06/4/2022 11:53

In limerick form pls 888

[bahamasoil] 06/4/2022 09:09

The area cleared for the site has regrown. He is going to have to change the first slide.
Still only 90% of the mill in country - obviously someone is waiting payment for the balance, been like this since the start of the year.
Forecast production in 24 months - further 3 month delay because that's what he said late last year.
If warrant holders don't pony up and the project is viable, he should get a loan using the bits of the mill in country as collateral.

Very quiet on the land issue.

[zangdook] 06/4/2022 08:43

which other bb?

[oldiegoldie] 06/4/2022 08:38

So I was again right on the toll milling not to happen several months ago (bloody deramping!)
Probably they need to sort out how to do the placing and there we will go with another 20-30% dilution.

[888icb] 06/4/2022 08:29

It’s worth watching the video. A couple of points worth highlighting:
He said the other party did not want to do toll mining at the moment . So not ruled out but not likely now. The other comment I picked up was the BFS should be out in”a few weeks “. He sad that on 19th March so by the end of this month would fit that timeline. Mark didn’t do a Results interview so I am expecting the BFS soon so he doesn’t get negativity about missing the March 31st deadline in an interview.

[book5] 06/4/2022 08:19

video in other BB
reason why calibre does not want a toll mining deal?
i was told that they do not have enough trucks to bring their own ore production from far away.
so now risk is dilution, as we only had $2 million end of last year? for the land we need around 750K (cash component)
video says FS will be issued in next two weeks,
hopefully we will have some form of bridge financing till the final finance package arrives
gla

[zangdook] 06/4/2022 03:05

The BFS may have been delayed because it will force him to be more open about the land fiasco. I have the impression that he's wandered off into his own fantasy world where he's bought all the land and there wasn't a Q1 deadline, but sooner or later reality and fantasy will collide and if he hasn't pulled a rabbit out of his hat he'll be lucky to avoid a spell in Ortega's dungeons, or at least having his buttons snipped off by the St Moritz Tobogganing Club Committee.

[oldiegoldie] 05/4/2022 21:04

The thing Dictumdeticto might be wrong is that, once the BFS comes out, the share price movement will be much less spectacular than we all think. Lets say we fluctuate around 30p pre-BFS, my guess a BFS not comprising a toll milling agreement will hardly tick us up 20%. (With a signed toll milling agreement it might be better, but no earthquake to be expected)
You can quote me on that on 30.6.22 once the BFS is there (for sure this time)

[aleoap] 05/4/2022 20:57

Latest master investor CNR video here htTps://youtu.be/yl9dXLxLZNc

[888icb] 05/4/2022 20:24

Over the years I have always found the posts of Dictumdedicto very thoughtful and pertinent. Here is his post today on lse:
“ 7th October 200905 Apr 2022 16:18
Yep. That's when I first bought a piece of Condor. This was not originally a retirement investment but it now looks like its become one.

I'm as disappointed as everyone else that the BFS is not already out there. My own perspective is that it's a more 'controllable' task than many of the others (e.g. land acquisition), so I'm at a loss to explain, or understand, why we don't already have it. If we are paying for something and have agreed a reasonable deadline then nothing should have stopped delivery. Still, there's no point getting all exited about something that has already happened; the question is what to do next.

I've clung on to these shares through thick and thin; regime changes, placements, the sentiment roller coaster, Covid, the post 2008 financial whiplash, the gold bear... the list goes on. The glass may be half empty this week due to a missed deadline but by the end of April we might still have it. If we do, then today's hand-wringing will look embarrassing to say the least. If we don't then I think an explanation is due. Ultimately, we are all paying for it and it's not unreasonable to ask why. If I'm honest it's not really unreasonable to ask for an explanation now, although personally I've become pretty sanguine about missed deadlines. It's just another cross in the box. Not exactly unusual for a junior.

So I'm holding on. I would feel like a grade A muppet if I sold out in a fit of annoyance, if the BFS came out the day after, and then promoted a wave of buying. One way or another Condor will be developed . I now look at a year like I used to look at a month. Once upon a time a month felt like an age. It now feels like the blink of an eye (OK, I exaggerate but you get the gist). What matters more to me is whether a few days, or weeks, delay in releasing the BFS will materially affect the prospect of first gold in late 2023. That's what I've really got my hopes on, even if is in the last could of weeks in December.

Hold. Placements and warrants have all tended to be somewhat above the current share price, and the directors maintain skin in the game. However bleak it may look today, it's still only a delayed milestone. We are not going bust anytime soon.

12.5 years and counting. Pragmatism, or a triumph of optimism over reality?”