Dictum de dicto
10 Feb 2018
Permit update MC talked to some shareholders on Thursday and would like to ensure that his thoughts are broadcast to everyone. I received a (second hand) email this morning which outlined a number of things discussed. They are not really news as such or we would have had an RNS but they do act as reassurance that things are actually happening with the company; MC is pretty adamant that he has not been twiddling his thumbs and that he is very active in pursuing Condor's interests. My synopsis of the email content:The permit delays have arisen because of the proximity of the village to the proposed activity area. The Government has repeatedly indicated that they will issue the required permits but it looks to me like a fear of doing the wrong thing has delayed the actual admin. MC has explored options avoiding resettlement and to lift a quote from the email: 'It is technically feasible and economically viable to progress the mine without resettlement with an open pit approximately the same size as the PFS pit which has an economic reserve of 675,000 oz gold at 3.0g/t gold, with production of circa 80k oz gold per annum.' And:'Note that the reserve pit contains inferred material which is excluded. In other words, the recovered gold to the ROM pad is over 700,000 oz gold. We are studying how fast this can be mined.'It looks like Condor is initially permitting 35% of the gold (1m oz) with a view to expand to 3m oz, 'this would be 2M oz recovery gold over the life of mine or approximately 200,000 oz gold per annum production.'Recent meetings relating to the project have included:1. Minster Mansell, the Minster of Energy and Mines 2. President’s son 3. Director General Department of Mines 4. Director of Inward Investment Agency 5. Governor of Department of Leon (the mine is in his department) 6. Local Mayor 7. Local Priest 8. Head of Chamber of MinesMC is adamant that this is a reflection of the fact that the mine will get permitted and that Condor is on its way to becoming a 'substantial 200k gold producer'.I believe him. The recent pull back could be a rare opportunity to buy at an attractive price, a price that clearly does not reflect the proximity of the permits being received.His full email is doing the rounds at the moment. MC clearly wants it shared with everyone.
Temujiin
03 Feb 2018
M.C. Vid Most interesting comment is on the 'biggest challenge' around 1.5mins. Seems they have a couple of plans to progress the mine without resettlement, possibly meaning all those 300 homes who's owners thought their shanty shack was worth a $100k, may well find it's now actually worth $1k.[link]
desertjoe
31 Jan 2018
Re: USD DXY still falling; gold circa $1... Hi DDLooks like the USD is going down slightly...if it falls to 1.42 for a quid I might just transfer some cash over from my UK bank ac.Sorry you lost out badly with Arian. I got out ahead of the real crunch but not without pain and I continue to monitor their site and post as necessary each time the boyos imho try to prey on the unaware newbies.I have been right out of Condor these last two years but I hope it will come good for you. Who knows?....Salvador might just allow resumption of mining if the days of "leftie rule" in the Americas are waning.I've got out of most of my AIM investments ...just got Ariana these days plus some Canadian/US minnow miners. There is a mine fairly local to me which seems to have been getting its act together quite well and first gold pour is imminent. I'm invested in it (Northern Vertex - NHVCF -nasdaq and it's on Canadian TSX too, but dyor). Africa and Oriental stuff frightens me and for the last year I've been playing safe with banks and not unreasonable dividends compared to lousy interest rates. Banco de Bilbao, Santander and Lloyds have brought some bacon home for me.I've also acquired a 22 foot, 5 berth sailboat to give me exercise and relaxation. We have a number of large man-made lakes along the Colorado and generally warm winters free from too many raucous visitors from LA! Take care, Regards DJ
Dictum de dicto
30 Jan 2018
Re: USD DXY still falling; gold circa $1... Hi DJIt’s been a while.....I decided to reduce my posting frequency some time ago. There simply isn’t enough to post about and I’ve found other things to occupy my time. I’m still backing Condor and actually increased my holding a little last year. It’s minimal compared the the person formally known as Sunjammer but will at least buy a new car if it comes through. The Arian debacle did set me back by at least £50k which hurt somewhat but did not knock me out of the ring. It was more like £80k overall but I’ve pulled back about £30k on other gold related funds over the past couple of years. I’m also a lot more interested in dividend payers these days so have skewed my portfolio in this direction. Overall I’m probably back to where I was the day Arian dived into oblivion, somewhat wiser, less trusting in both direct and indirect representations from companies and more cautious. Meanwhile on Condor I remain much happier that MC has a skin in the game and that his interests are far more aligned than the Arian crew were. It’s just not enough to bet on a decent project; all the other factors need to be in place as well. Condor seems to be doing everything pretty much right but the uncontrollable elements such as the PoG are bound to influence. You can see it in the recent fluctuations. I still keep a tranche of Arian in my portfolio to remind myself not to be a d%@£&*(d. How are you doing?dddHow
desertjoe
29 Jan 2018
Re: USD DXY still falling; gold circa $1... Hi, DDD. Lovely sunny January day here at 76F and the USD creeping up again! The only downside is that tRumpo is still in the White House.
Dictum de dicto
25 Jan 2018
Re: USD DXY still falling; gold circa $1362 Spoke too soon.It would appear that a 'Trump Pump' on the USD had the effect of knocking $20 off gold in less than an hour. Looks like the PoG is all about the USD at the moment.Maybe the FTSE will bounce on Friday if they believe GBP will fall against the USD. It's down to $1.41 as I type so maybe we will get some of that Brexit bonus back....
Dictum de dicto
25 Jan 2018
USD DXY still falling; gold circa $1362 Tha fall in the USD is taking its toll on the FTSE but only providing moderate impetus to gold. Closing above $1355 yesteday was a step in the right direction but I think we need to see something convincing above $1360 before another shot up wards. If it doesn't we could see a pullback, irrespective of the weak USD. DXY at 88.75; still looking really weak.[link] Meanwhile gold seems to be helping Condor keep its head above water although it look more like it's clutching on to the upper 50s vs. looking like it's getting reading to shoot at teh mid 60s or above. A run-up in gold could be a catalyst but failing that we've only got news from Condor which I don't think is imminent, unless someone knows better.
Dictum de dicto
24 Jan 2018
Alignment at 1.06 / 60p I did think we would add a few pence and meet in the middle but it would appear that global markets thought otherwise.Looks like the two markets will track each other now.
shugg1e
24 Jan 2018
Re: Gold closing on $1350 gold miners are not rising with the rise in gold which is purely dollar based in fact many fell today on pound strength and the market on the wholei really dont like the look of this
Dictum de dicto
24 Jan 2018
Re: Gold at $1353 Taking a breath but it looks like some strength still in it.We seem to have the opposing forces of a weakening USD generally pushing our equities lower and at the same time pushing gold up. It looks like the overall market sentiment aspect tripped up Condor today. DXY at 89.32 when I looked. It's not doing well at all.[link]
Dictum de dicto
24 Jan 2018
For amusement value I haven't looked at KWN since the days of the Arian Silver debacle.The articles look exactly the same...[link] $300 silver call is particularly amusing. On a more serious note there is a better correlation between the US economy doing well and gold doing well, which tends to run against the KWN theme that only disasters produce major gold spikes.
Dictum de dicto
24 Jan 2018
Re: Gold closing on $1350 Looks like the decline in the USD DXY is fueling the increase again, and probably supporting Condor's price today. Not bad given the poor FTSE performance this morning.[link] just over £957 in GBP according to the above.DXY dropped below 90 overnight and is now back in the 80s. This is pretty significant. It's been years since it has been this weak - August 2014 from what I can see, and falling not increasing.[link] still say it's 10% overvalued which of course means that gold is still well undervalued, along with all its derivative assets. The TSX may well be more responsive later today.
happypills
24 Jan 2018
Re: Gold back above $1340 In £ terms gold has been tracking along either side of £960 for 18 months now. At $1.4/£ its now at £956Happy
Dictum de dicto
23 Jan 2018
Re: Gold back above $1340 If it doesn't break through at least $1350 in the next few days I think your call is a better one. For a convincing higher high I reckon we need $1360 or so or we will lose that momentum and your $1320 could easily fall back to $1300.The key seems to be the USD with the DXY really struggling to stay above 90.[link] it falls into the 80s it's probably game on.
shugg1e
23 Jan 2018
Re: Gold back above $1340 HmmmmmIts struggling actually even with dollar weakness i am more inclinded to think it could fall back to $1320 area befire it launchs higher
