CONDOR BLANCO MINES LIMITED (ASX:CDB) - cdb - who wants short term price acceleration?, page-54 - HotCopper | ASX Share Prices, Stock Market & Share Trading Forum

Originally posted by profitmann ↑

This stock will never recover whilst the smell of poor management hangs over the company for the foreseeable future. Take it from me who is a former experienced CEO and MD and Board member of ASX listeds in this space and the industrial and mining services space - the way to garner SP support is to get the institutions buying and participating in your capital raises and I can tell you they just wont touch this stock with a forty foot pole right now or into the future. This company needs a new CEO/MD, a new board member with deep industry experience and funder contacts (not an alternate director with a history of poor board room skills), a new strategy and plan to stop skinning investors and actually deliver on some small wins. This will take at least 12 months to complete - so the stock will remain in its current form for at least another 12 months while she all limps along. I was once told by a well recognised investment fund who take positions in ASX listed Small and Micro caps - "you fail to deliver just once and your support evaporates for a year". I am not downramping as I am a share holder but unless something changes on the management side as suggested then this place goes nowhere for the foreseeable future. I am just being a realist.

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Don't suppose you speak Latin American profitmann or have a potential CEO/MD that does and is an industry veteran with star power to pull funding from investment banks / hedge funds / super funds etcetera.

In any event it's trading, I believe the tailings permitting won't have to wait to March I'm sure I read somewhere approximately 6 months and that was pre-suspension so close on 4-5 months back.

there was a tailings project in Chile permits approved recently so I can't believe it will be held up to March.

Given the toxic tailings the holdup in my view will be the environmental & safety procedures being scrutinised by Chile's mine department.

My bet permits approved
then cap raising through beauforts & Jianxi so I think the wider investment community's anathema for CDB won't matter for Marianas as they have the support they need permitting is the issue.

With $698k in the kitty they can last a quarter without cap raising plus Glen will be aware the shareholders are less than enthused with his & the companies performance. So only IMO positive news then cap raising.