Condor Resources Inc V.CN

Financials released. About $434K in cash and securities.

[gpsairgoldteam]

So we need a decent price to get those February 2022 expiry .15 cent options to exercise for proceeds of $1,000,000.

[DarkGreen]

when they NR access to Pucamayo the share price will be north of 30cents in a heart beat and those 15 cent warrants will be excercised in a New York minute . 

[gpsairgoldteam]

I would hope so. But knowing how the stock price rises and wanes, I'd be hesitant until I see the price higher than .30 or at least stay above .30 for a while. Of course if it happens near expiry date then they will get exercised.

[shelby2]

i dont understand why lyle cant find money for drilling, why not  do a flow through for 35 cents or call Crescat and do a pp with them if the property has what they say then they will offer money for sure. come on lyle get it together, or borrow a few million from the bank. jeeesh.

[gpsairgoldteam]

I'm not saying they can't come up with the money. Just that I don't see anything showing on the books other than February 2022 warrants, and April Chakana $4 million payment. 

[shelby2]

i think i saw that thier was another payment coming in December, but small one

[gpsairgoldteam]

As I recall $75,000?

[ALTEL]

Chakana cash Due US $200,000 by December 23, 2021 US $4,425,000 by April 23, 2022.   Chakana will have the right to buy down Condor’s remaining 1% NSR to a 0.5% NSR by further payment of US $1 million.

[shelby2]

hmmmm maybe enough to drill a few holes.

[Brianw21]

And if they dont pay then it returns to Condor and we are further ahead.

[gpsairgoldteam]

 $200K coming in December, Plus I expect QH to exercise his options before they expire in November for $75K. Maybe $500-600K to dril 5-6 holes. Good grades would send the stock price up multiples. Then maybe a small PP for $1M or so?