Condor Gold Takeover Rumours (CNR)


Condor Gold Chart

Condor Gold Takeover Price

Condor Gold Takeover Forum Posts

There was an interview with the CEO of Calibre and Rick Rule a couple of days ago. The one thing that occurred to me,as their business strategy was explained including their hub and spoke in Nicaragua to utilise their mill, was that Condor seemed like a most obvious target for them. If they didn’t want to do a takeover at this time a toll mining deal would seem to meet their desire to fully utilise their mill. So I would disagree with the view that dilution is more likely than Toll Milling. In fact we all know that Mark from his own personal perspective is vey keen to minimise dilution. He has just suffered dilution in the latest placing. I believe toll milling will be a top priority for Mark now.
I personally think that it could rather go direction Calibre. Firstly the new financial guy comes from there, and as discussed here by other posters during the weekend, there must be some kind of motivation behind. Secondly and more importantly, we discussed early last year here about toll milling and potential takeover by Calibre, where I mentioned that Calibre is also a rather small company not drowning in cash, so they would need to raise capital if they wanted to buy us- probably not all of their shareholders would appreciate that. A merger is much more convenient, as it allows to collaborate under one umbrella (toll milling, extremely positive track record of Calibre in Nicaragua with political backing) and still keep the current CNR investors on board, as I guess they prefer a growing long term profit over a quick gain.
Good new article about Nicaragua in bnamericas, saying it is mining friendly. I don't know about the politics of the country, but Calibre Mining of Canada doesn't seem to have any problems with its El Limon and La Libertad mines. It may be that this larger company, has more clout than CNR. Few believe in the CNR story anyway, and although everything seems, prima facie, to be going in the right direction, I get the feeling there's something missing here. IMO, it is quite possible that with a new broom sweeping clean, the only practical solution would be for a takeover by another producing company already in Nicaragua, after CNR has gone as far as it can. Would the CNR shareholders be ripped off ? Haven't a clue, but have seen this time and time again over the years.
ADVFN Advertorial
Your Recent History
Gulf Keyst..
FTSE 100
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V: D:20211206 16:42:14