Share Name Share Symbol Market Type Share ISIN Share Description
Condor Gld LSE:CNR London Ordinary Share GB00B8225591 ORD 20P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.75p +1.32% 57.50p 57.00p 58.00p 58.75p 56.75p 56.75p 78,444.00 09:40:06
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 0.0 -3.1 7.6 7.5 30.42

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Date Time Title Posts
19/1/201713:25Condor Gold plc1,469.00
04/1/201713:12Condor Resources - Flight of the Condor in 2011?14,881.00
19/8/201611:47“Really high grade at surface is encouraging” says CEO Mark Child-
18/9/201216:06Bullish CNR chart-

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Condor Gld (CNR) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
20/01/2017 17:05:5957.0020,00011,400.00O
20/01/2017 15:57:1358.001,000580.00O
20/01/2017 12:45:2357.003,4341,957.38O
20/01/2017 12:21:2158.001,8751,087.50O
20/01/2017 11:47:5958.001,025594.50O
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Condor Gld (CNR) Top Chat Posts

Condor Gld Daily Update: Condor Gld is listed in the Mining sector of the London Stock Exchange with ticker CNR. The last closing price for Condor Gld was 56.75p.
Condor Gld has a 4 week average price of 55.31p and a 12 week average price of 56.57p.
The 1 year high share price is 91p while the 1 year low share price is currently 22p.
There are currently 52,910,649 shares in issue and the average daily traded volume is 117,999 shares. The market capitalisation of Condor Gld is £30,423,623.18.
338: CNR has got a future potential but still need to provide evidence from the actual production rate that's why the share price can still fluctuate up and down.... let's compare your return of investment against CMCL as below: CALVF in Nasdaq is now US$1.52 or equal to CMCL of 115p .... L2 shows that it will take a daily average volume to break US$1.60 or 120p if buyer > seller moving upwards soon :)... don't miss the boat
888icb: The Master Investor article which is based on charting predicts a share price of 110p in the next 3/4 months. The value of the proven gold would support approaching £3 per share. If you then consider how much additional gold is there waiting to be proven we should be looking for over £3 on a sale. The gold price is strong and I look forward to seeing Condor above £1 in the near future. As we have seen in the past when there is some interest in the share it can move quite rapidly as there are not many available due to the large holders
888icb: The Net Present Value of CNR set out in the Whittle Report in late January wasUS$196 Million which converts to £134 Million. The price of gold used for the calculations was $1250 which today has increased to $1300. Clearly the NPV figure will have increased but leaving it where it is we now have a market cap of £30 Million. Therefore the market cap would need to increase 4.5x to reach the NPV. If the current Share Price increased 4.5x we would have a share price of £2.56. The rise in the share price since January and the rise fro 40p to 57p in April shows that the market is starting to take notice of the massive undervalue here not least with the large investment by a billionaire recently. I would like to see a steady rise to over the £1 mark and will be very disappointed if a sale takes place at less than £2 per share a price it has reached twice in the past.
goneawol: Shares in Condor Gold (LON:CNR) have doubled in the past four weeks, following two key announcements and a resurgence in the gold price this year. The first marked the taking down of the “For Sale” sign at Condor’s flagship La India gold project in Nicaragua on 18 January and, on the whole, the market reaction was muted: the shares dipped by a penny to 18p. The indifference was perhaps understandable. It was fairly widely understood that stock exchange regulations had mitigated against the company in forcing the sales process out into the open and no one mourned the passing of potential early-stage negotiations out of the spotlight and back into the periphery. That that process has not yielded an actual sale at this stage is hardly a surprise given that markets have weakened and sentiment towards gold remains uncertain. But what the official end of the sale process also allowed was more information about the upside at La India to be released publicly. Accordingly, on 22 January, Condor announced the results of a study for La India conducted using the world-famous Whittle pit optimisation methods. The shares jumped immediately, sparking a substantial rise across five days of straight gains. The reasons were not hard to identify: the study boosted the net present value of La India by an average of 56% across three different production scenarios and by 78% if the parameters as set out in the previously worked pre-feasibility study are adhered to. The price-to-book ratio averages 0.12 times What’s more, the internal rate of return was boosted too, and now averages just over 30% across the three given production scenarios. Underlying those positive financial developments is an improved mining model, which allows for a 27% increase in the indicated ounces that can come into the La India open pit to 866,000. Allowing for feeder pits, the amount of gold that can be brought into the operation rises by 29% to 1,066,000 ounces following the Whittle study, while adding an underground scenario boosts overall production to over 1.5mln ounces. The final icing on the cake is that all-in sustaining cash costs remain at under US$700 per ounce under all scenarios and that to date all assumptions have used a US$100 West Texas oil price. So good news all round, and a corresponding boost to the share price, helped by director Jim Mellon increasing his shareholding to 10.2% But there’s still much work to be done. In Nicaragua, the company’s ongoing dialogue with government officials is progressing well and chief executive Mark Child expects to be able to announce satisfactory progress in due course. More broadly though, market sentiment remains decidedly uncertain, notwithstanding a recent upward tick in the gold price as safe-haven buying has increased. Mark Child knows this, and he’s been paring back on the company’s expenses accordingly. There’s £1.1mln in the bank, which means that short-term survival is assured. In the more medium term the trick will be to keep costs down until some sort of deal can be done on La India, on terms satisfactory to everyone. The problem with sales process that the company has just come out of was, ultimately, timing. Gold came off during the period to a 6 year low in December 2015, and the company’s share price duly fell too, such that when sales process was terminated it was worth much less than when it began. At one point, the gold at La India was valued at less than US$5.00 per ounce in the ground compared to recent average M&A transaction prices of US$56 per oz in the ground. And these are not levels that Child would have been comfortable to sell at. Nonetheless, the sales process did throw up a few positives. “We had six companies come through the assets and they liked it,” says Child. “The overall resource is two-and-a-half million ounces but it’s a substantially bigger district with over 40 targets. It looks like a big system.” In due course then a big player might well come in and help to deliver some serious value. In the meantime though, Child is mulling his options. After all, there are plenty of other ways that Condor could take La India forward. “We might look at selling a portion of the asset to someone,” says Child. “If we think we’ve got five million ounces, maybe it’s better to do a joint venture. And there’s also gold streaming, and gold royalties – there’s different types of access to funds.” What would really be nice though, would be if gold would recover some of the strong upward momentum it enjoyed in the earlier part of this decade. Child certainly doesn’t rule it out. “I think we’re going to form a major bottom in the gold price this year,” he says. “I think that China will continue to devalue this year. I think we have hit a tipping point as gold redemptions out of ETFs in the last 3 years were snapped up in China and won’t come out of China; in recent weeks there have been net inflows into ETFs. We’re in a transitional year. Now’s the time to be in the metal.” hxxp://www.proactivein
temujiin: Trends and Targets for 29/01/2016 'Further movement above 60p looks capable of a visit to 72p next' 'Our longer term secondary above 72p is at 117p' [...] By Trends and Targets | Thu, 28th January 2016 - 23:11 Share this CONDOR GOLD (CNR) Is a share we haven't looked at for ages. It had a theoretical "ultimate bottom" of 15p and when it broke trend back in 2014, the client advised he'd lost interest so we dropped it. Amusingly, it came pretty blooming close to our drop target at the start of this year, blipping down to 16p but thankfully no further. And the bounce has been truly impressive and doesn't look like the market is finished with it. Further movement above 60p looks capable of a visit to 72p next, a point where the visuals suggest some stutters are possible. Regular readers will be aware of our paranoia about movement gaps. Thankfully we'd NOT seen this before the trend was broken as we'd have advised caution due to the circled manipulation from 20p. When the share price hit the trend on the 27th, we would have warned to look for some reversal for a gap closure campaign. As the chart shows, the price has boldly risen further and closed solidly above the trend from 2012. From our perspective, it means we can forget about the gap - for now! Our longer term secondary above 72p is at 117p and, despite its impressive upward break, the pink line points to a potential Glass Ceiling around the 70p. We would only be confident of rises to our longer term 117p in the event of the share trading above the high before the price broke trend and this is around 75p. If an attempt is made to slow things down, the price would need drip below 45p to make a push for 38.5p and hopefully another bounce from the trend. If it makes it below Blue, we'd tend panic as the secondary is at 27p. We would assume it has not been Gold Price movements driving this rise as GOLD remains fairly rangebound between 1050 and 1150. If the stuff betters 1150, we're pretty comfortable in believing some decent growth is probable. If the metal price weakens below 1050, it's probably stuffed and could almost half in price with a commensurate effect on Gold related shares. For now, hopefully some folk got involved around the 20p level despite them now needing their grins surgically removed.
andy: Interesting to read MC's comments in the RNS today! "Given that any potential offer for the Company would be judged in the context of a premium to the share price; the Board does not see an acceptable premium to the current share price being achieved in the short term, hence the decision to end the FSP." How many times was I shouted down when I said exactly the same thing? "it's ounces in the ground x $56, not share price" they shouted! USMCGS "filtered" me for holding that opinion. yet now MC is saying exactly the same thing! Funny that...........
usmcgs: "One has absolutely no doubt whatsoever that whilst Mark is undoubtedly disappointed with the current share price, he is no fool, evidently he does not wish to allow any of the potential suitors to make a silly low ball bid and then we'd have to waste both time and money defending against it. One remains confident in the extreme that Mark has a price in his head in excess of £1/share (at today's shares in issue). This share price was caused by the overhang created by CFC and CQS dumping for their own reasons. We have had more than a handful of site visits (allegedly twice by Newcrest) and the results of those visits still remains an open question, ending the formal sales process is a technical exercise, it in no way affects the possibility for a bid or JV offer resultant from those inspections. We all ought to be buyers." Andrew, evidently we aren't all buyers. Why would MC have to spend money defending a bid and could he? It doesn't matter what price MC has in his head if we can't get there. MC has stated we won't mine. There is going to come a time, in the not very distant future, that we will need money. As you stated we could still get a bid and at a silly price. We have therefore suffered for no reason
redsonia1: Some thoughts: MC, as a fellow shareholder of 4m shares, would share our concerns about the fall in the share price since the announcement of the "Strategic Review”. Please note a sale of the Company is a possible option, but so is a JV, sale of the asset or part thereof. In my view, it is madness that the company is effectively up for sale and the share price falls 50%. There is nothing wrong with the company, the prospects have improved with the optimisation study and 30% more gold in pit shells and 25% more production gold. The share price fall is due to redemptions by some large fund managers. Gold hit a 6 year low some 3 to 4 weeks ago. Sentiment is very, very negative towards junior gold exploration companies, with few buyers around. The typical investment model of any exploration company is to discover the mineral, prove it up, complete the feasibility studies and then sell the asset to a large gold producer. Condor is no exception. This is the preferred option. So dilution, would never be MC's intention to build a mine and therefore the equity dilution as the result of US$110m to US$130m upfront capital cost is a false concern. There is also no point in giving the asset away. The timing of the sale of the company, with gold off 45% and the shares off 80%, isn’t great. Condor has spent US$35m in Nicaragua in the last 4 years; the market cap is half the amount invested. An offer period can take 6 to 9 months There are other forms of financing that don’t involve the issue of equity A) royalty deal B) gold streaming C) sell part of the asset. The strategy is focused on getting Mina La India fully permitted. Tthe EIA has been submitted (see press release). A fully permitted mine is worth much more to potential buyers.
888icb: The chart is a factual record of the share price from day to day. Clearly if more people want to sell than buy then the share price will fall. The chart does not tell you why more people want to sell than want to buy. Just because a share price is in a down trend that is no basis for saying it will go to zero. If it were in an uptrend would you be predicting infinity? If someone is not remunerating you for your posts on this board I think you should seek help.
andy: usmcgs, "we are in the upper quartile" Of what exactly? Please explain who are the other components of this "upper quartile", and what defines them. "The price we are sold at will not be based on current share price which is just current sentiment" Come on, that's rubbish, and you know it. Whilst I agree re sentiment in general for share prices, there is a reason why the share price here is so low, and any offers coming in will be based on what they think they can get away with, they are businesses, not charities. You should have gone to the mines and no money show, you would have met all the other "best in class, upper quartile" companies looking for money without which they can't advance their "world class" projects! They constituted most of the attendees of the show!
Condor Gld share price data is direct from the London Stock Exchange
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