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CNR Condor Gold Plc

25.00
-0.25 (-0.99%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Condor Gold Plc LSE:CNR London Ordinary Share GB00B8225591 ORD 0.1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.25 -0.99% 25.00 25.00 25.50 25.25 25.25 25.25 234,315 16:35:11
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Gold Ores 0 -2.53M -0.0140 -18.04 45.65M
Condor Gold Plc is listed in the Gold Ores sector of the London Stock Exchange with ticker CNR. The last closing price for Condor Gold was 25.25p. Over the last year, Condor Gold shares have traded in a share price range of 13.75p to 35.25p.

Condor Gold currently has 180,790,824 shares in issue. The market capitalisation of Condor Gold is £45.65 million. Condor Gold has a price to earnings ratio (PE ratio) of -18.04.

Condor Gold Share Discussion Threads

Showing 29551 to 29573 of 29575 messages
Chat Pages: 1183  1182  1181  1180  1179  1178  1177  1176  1175  1174  1173  1172  Older
DateSubjectAuthorDiscuss
28/3/2024
13:38
Where is the RNS stating we own 100% of la India?
The BFS assumes we own La Inda
The BFS does not allow for la Mestiza
CNR could swap La Mestiza for La India tomorrow if it wanted, but we keep trying to get the coop’s land too cheaply,
Hopefully, things will change for the better soon

book5
28/3/2024
13:04
....and to what value per share does all of the above equate ?

It's all totally pointless if it doesn't translate to a real value that someone is prepared to pay.

dexdringle
28/3/2024
12:44
No I didn’t miss out “hypothetical”. There is an accepted way of valuing gold in the ground in the BFS which is set out below taken from the RNS:
“ Highlights: Feasibility Study La India Open Pit only

The 2022 FS demonstrates a robust and economically viable base case for the La India open pit:

· Probable Mineral Reserve of 7.3Mt at 2.56g/t gold for 602,000 oz gold

· Production averages 81,545 oz gold per annum for the first 6 years of an 8.4 year mine life

· An Internal Rate of Return ("IRR") of 23% and a post tax, post upfront capital cost NPV of US$86.9 million using a discount rate of 5% and price of US$1,600 oz gold (Mineral Reserve Case).

· An Internal Rate of Return ("IRR") of 43% and a post tax, post upfront capital cost NPV of US$205.2 million using a discount rate of 5% and price of US$2,000 oz gold.

· Low initial capital requirement of US$105.5 million (including contingency and EPCM contract)

· Low average Life of Mine All-in Sustaining cash costs US$1,039 per oz gold”
You will see that the 2 Gold prices used in the BFS were 1600 and 2000. The gold price is now 10% higher than the top figure used at 2200. As you should know the increase in the gold price has an exponential effect on the value of the gold in the ground.

888icb
28/3/2024
11:48
I think you missed out the word 'hypothetical' in front of the word 'value'.
dexdringle
28/3/2024
10:45
Just in case Jim needs it for his ongoing negotiations the Gold price has just moved above 2200. CNR’s value has increased dramatically since the sales process began due to the 400+ rise in the gold price.
888icb
25/3/2024
12:21
Positive share price Progress in March
On 1st March CNR closed at 20.5p. Since then it has risen steadily to 25.75 close last Friday which equals the previous recent high seen for 3 days just before Christmas. Let’s see if the rise continues this week and moves firmly above 25.75p

888icb
21/3/2024
19:43
Nice close today... dip was cleared out nicely other day, suddenly tightened up... and here we are, looking to break out higher.
smackeraim
21/3/2024
17:41
Switzerland has (IMHO) the problem of a relatively too strong currency, starting to harm their economy. So they need a bit more inflation to keep up mainly with the decline of the EUR, otherwise their exports get too expensive.

By the way, nice video for you folks. I feel a bit like the disobedient wife when debating with you ;-)

oldiegoldie
21/3/2024
17:01
Swiss national bank (SNB), the first central bank to blink? In a surprise move, they reduced their interest rate by 25 basis points today. Central bank representatives all meet up on a regular basis so probably not a surprise for everyone.
sharenotes
21/3/2024
12:17
But if you look at the exposure of US Regional Banks to property, protecting the $ just ratchets up that bank run risk. 5% is indeed not a high rate historically, but it is arguably dangerously high when you look at all the debt out there (not least US Government debt).While I too expect inflation to be surprisingly stubborn, do you not think that in a US election year the Fed will have little choice but to sacrifice some credibility (whatever should be the case theoretically)? I just do not see either politics or (short-term) economics allowing them to carry their inflation fight through to its (potentially very) bitter end.Otherwise, 2024 is surely going to be very bad news indeed for tech stocks that are all about growth.
arlington chetwynd talbott
21/3/2024
11:53
The higher interest rate is there to avoid bank runs, because it’s there to protect the currencies as such.

Restarting the money printing machine and lowering interest rates would rather damage the FED credibility and cause bank runs than a stable ca 5% interest, which is actually not so high if you compare it to the 1980 or 90ties.

tech stocks typically dont pay dividends, it’s all about growth.

Disinflation for sure, let’s see if we get negative. Probably deflation is a bit too optimistic, but disinflation for sure, but only after inflation has done another spike throughout 2024

oldiegoldie
21/3/2024
10:41
So you think that a miniscule amount of further progress on inflation is worth the risk of, for example, further bank runs? I think voters would not fail to notice those (among other possible deleterious effects of higher for longer), even if they set less store by the stock market.

And that it makes sense to hold low yielding tech stocks right now in what you are expecting to be a higher for longer environment, even if you see deflation later?

And do you mean actual deflation or just disinflation?

arlington chetwynd talbott
21/3/2024
08:34
Yes. The US economy is stronger than expected, unemployment low, but inflation is still to high and shows signs it could move up again during this year.
From Bidens perspecive, trying to be re-elected in November, keeping inflation under control is more important (to the „small people“) than boosting the stock market even further. A deflationary move towards the end of the year could even help to boost tech stocks and manufacturing.
From Trumps perspective, once being elected and in office as of Jan 25, he will most likely change policy in Q2 or Q3/2025 and start lowering rates moderately, as he did last time when elected.

What happened yesterday evening where everything moved up makes no sense, the interest-rate sensitive shares and commodities will come down again IMHO.

For my US scenario I am quite sure (let’s put 99%), for Europe I am less certain because European politics sometimes are less predictable than US, to put it politely

oldiegoldie
21/3/2024
07:53
Do you honestly believe that the Fed will hold off on rate cuts to get the last little bit of the way to its inflation target, putting the US economy at serious risk in the process?
arlington chetwynd talbott
21/3/2024
03:22
Read this from january 24
After the meeting if yesterday my confidence in my predictions has ever increased

oldiegoldie
20/3/2024
22:24
Why would they say three quarter-point rate cuts this year then?
arlington chetwynd talbott
20/3/2024
21:52
BREAKING: Federal Reserve officials maintained their outlook for three quarter-point rate cuts this year but forecast fewer cuts than before in 2025 following a recent uptick in inflationhttps://x.com/markets/status/1770513516249674110?s=46
smackeraim
20/3/2024
18:16
Regarding FED rates - for today I am right.
Reading between Jerome’s lines I still understand no cuts for a while

oldiegoldie
20/3/2024
16:39
It was Up 5.43% just before the close at 24.25 but the MM’s have pushed it higher on the Uncrossing Trade to 25p and it has therefore closed up 8.7%.
888icb
20/3/2024
15:09
Use your smart money to buy a property in that town Rectum. You talk a lot from it.
smackeraim
20/3/2024
13:07
We don’t own all the land
So far, Miners have rejected CNR offers.
IMHO, the government has lined up with the locals (no CPO), CNR position looks weak, so CNR needs to increase its offer. How much land will it cost us?

Recently, the Sp is doing well, which is good, perhaps suggesting people in the know are buying. Calibre announced yesterday they are raising capital

book5
20/3/2024
13:01
I have already sold all my gold holdings. The last explorer I owned (not CNR) went out ca mid 2023. The more conservative stuff (mainly Barrick, physical gold) I sold in 2020, shortly after the „pandemic̶0; started and it became clear that money printing is the chosen short-Term solution. It was clear from the beginning that the distributed money will be collected in after a while, which is what we currently see (inflation, interest rates).

I am now Long mainly in Tech and Uranium (I bought the Sprott uranium trust when it came out, which turned out extremely positive).

Regarding currencies, I am indeed storing my cash on IBKR mainly in US$, but also ca 10% in CHF. That’s mainly for practical reasons, as I am only buying US stocks. But I have to say, I don’t have much cash right now, it’s mostly invested.
For obvious reasons no EUR, no GBP (besides what you need throughout the month to pay the bills of course).
Those two I see indeed dying, but certainly not the us$

oldiegoldie
20/3/2024
12:43
So you are presumably also selling gold and buying the dollar?
arlington chetwynd talbott
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