announcement , page-10

Fair point but proto resources seemed to be doing ok til glen left in 2008 and the price has spiraled downwards since.

Not sure about Carl swenssons other companies tho, the ones in his profile no longer exist?

JVs for the porphyrys would surely result in the other party managing the exploration than condor.

But with carachapampa drilling and the iron ore tailings cashflow we are certainly relying on current management.

After glens travelling and apparent meetings over in chile we'll prob find out soon how well he has done with advancing the companies objectives that were mentioned in the recent update.

IMO the approval for 40m shares may have been done to prevent other parties trying to force condor into a less favorable deal, I.e. where condor want to sell off their other assets, a potential buyer may see condors cash position, knowing they are low on cash, and try and get the price right down assuming condor are desperate. Same with the other projects going on.

The ability to raise funds means condor can use this in their negotiations and prevent low-ball offers, unfavorable iron ore offtake prices, unfavorable JV %, and /or fire sales of assets etc,