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Condor Gld Share Discussion Threads
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sir andrew ffoulkes
|Could header be changed to:
Flightless TURKEY 2016!|
So he's not exactly a neutral bystander then!|
|In the latest Master Investor Jim Mellon comments on the markets in an article entitled "Bondfire of the Vanities ". When he comments on gold he says he is surprised by the recent fall in gold and thinks the recent problems in India with the note exchange has contributed to this. He thinks this dip in gold and silver is a temporary blip providing a great opportunity to load up on the precious metals. He recommends Fresnillo for silver and says a good play on gold is CONDOR (he does disclose that he is a Director and Shareholder!)|
|Could this TURKEY/CONDOR take off soon?!
|RNS some very targeted drilling has commenced to detail further gold resource. Very positive news as we await paperwork from the reelected government.|
|It seems clear from all the polls and news reports that it is a forgone conclusion that the Government of Ortega will be reelected with a large majority. This should be good for Condor as they have got on well with the current government. Let's hope all the paperwork is sorted quickly and we are sold for £2.50+|
|EIA getting close? President elections 6th November|
|Condor and Gold having a good morning.|
|Condor having a good day today UP 6.7% on a volume of 150000.|
|Thank you harebridge.|
|Scottishfield- read this borrowed from lse board. Looks like Condor only own 30% of land that their gold is on. No wonder nobody was interested when this company was put up for sale.Flushfrank Reality of CNR Sept 2016 Firstly I'd like to say I'm a believer in this share. First purchased back in the days of 2010 @2p (old money).This board has some great members that I hold with great respect, placing some great views/opinions & links. I have held through times of good (£1.70) to times of despair (18p) telling myself I'm an investor not a trader. However being so close to a share it becomes dangerous as I find my heart rules my head a lot of the time.Off have come the rose tinted glasses this time around. More disappointing news. Seems CNR never gets a break, like MC has run over a black cat or something! Need to rule with the head. Ever since we knew the EIA would be (if passed) stamped with a 2017 date this share price was only going one way. Yes a rock sample RNS may help with a short term blip but I think everyone agrees that the EIA permit is king. We're a grown up share now that's over that type of hype. If this is not passed then the project is a fail. On the flip side when it does grant, then this grown up share can expect to command ii funds or sensible buy out offers.I have this time sold out in tranche's. 84p/79p/74p/70p. Still hold a core quantity but intend not to be hit with the losses occurred end of 2015 ( when i went grey) but use this period as an opportunity to average down.Some say it wont ever hit 60p or 50p or 40p. Really? They could be right & the company does deserve better, but then did any of us ever envisage it could go to 18p? Can never say never. If i'm wrong, I intend still to win by buying back at same prices on the way up & hope end up even. Got to de-risk. I do with other shares not sure why i treat this one differently?Getting Ross on board was a massive achievement. Even though a drop in ocean to him £ wise & a fab price of 40p + warrants it was welcomed & needed. My interpretation is RISK is still to huge for majors to invest in.The EIA is the critical part of the jigsaw. It's ok for MC to say its 'technically passed', thats the same as my daughter has passed her theory test. It's nice...... but it's not a licence to drive.My main 3 risks currently are as follows & at varied levels.*Government election -RISK- Are we 100% sure a pro-mining candidates will win? Is there a chance an anti-mining minister/s could come to power?*Public Consultations- RISK- Are there any unforeseen issues out there not identified or addressed by the management team? Genuine concerns maybe be laid out by the people that the ministry have to take into consideration & ask for a mitigation plan. Further delaying the EIA permit being granted.*Land Acquisitions- RISK- Only 30% of the required land is successfully purchased. What happens if one or more landowners do not play ball & not sell at any price or ask a ridiculous price which will knock on to the others that have agreed. Any land accessing the highway is critical for the project.The risks are apparent. Would you invest millions now|
|Whats going on here? Concerned holder|
|I just hope that one of the majors makes a bid so I can recoup some of my losses here. it's like watching paint dry.|
|Today's RNS is the half yearly report which is as expected but in a post period update indicates a likely new discovery some 9 kilometres from current discoveries. This's indicates as we suspect that there is a lot more gold on Condors patch. Good News.|
|Since RB came on board it was always likely that we'd seek a TSX listing sooner or later. It appears MC is starting to drop subtle hints in his presentations, at the DGF for example (watch the video), one suspects we will swiftly move towards a listing across the pond. My guess would be latter part of H1 2017. This would enable us to get everything in order (EIA permits etc) before going through the approval process.
You need to register and look for Tuesday at 4pm:
According to RBC:
The top 10 emerging gold producer listed on the TSX have an average P/NAV 0.91x, resource ounce in the ground US$73 and reserve ounce in the ground US$110. The average AISC is US$840 oz verse Condor’s US$700.
Condor is valued at US$22 per resource ounce gold in the ground and P/NAV 0.28.
In theory there is a compelling case to obtain a secondary listing on the TSX as it will provide a “peer group comparison” which is completely absent on AIM. With decent marketing this should lead to a substantial re-rating of Condor’s shares. The story is stale on AIM and needs a new set of buyers. Condor is relatively unknown in Canada and the US. There is a good case for investors to sell a resource oz at US$73 and buying a more profitable one at US$22 per oz gold.|
sir andrew ffoulkes
|Scroll through for Condor presentation
|A move up at the end of the day lets hope it continues tomorrow. It makes no sense for this to be under £1 as we await a bid.|
|A bit of a buying opportunity here perhaps (holder)|