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
  +3.00p +6.45% 49.50p 49.00p 50.00p 49.50p 46.50p 46.50p 184,714 15:51:28
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 0.0 -7.7 14.5 3.4 30.38

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DateSubject
24/9/2017
09:20
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 46.50p.
Condor Gld has a 4 week average price of 44p and a 12 week average price of 44p.
The 1 year high share price is 74p while the 1 year low share price is currently 44p.
There are currently 61,365,382 shares in issue and the average daily traded volume is 75,034 shares. The market capitalisation of Condor Gld is £30,375,864.09.
19/9/2017
11:13
goldguru2017: Please allow me to bring your attention to this low-market capitalisation, high potential gold/copper exploration company that has assets in the ‘Eye of the Storm’ – the White Gold Area in the Yukon, Canada. Kestrel Gold (TSX Venture Exchange symbol KGC.V) - Recently acquired acreage in one of Canadas most prolific gold areas – the ‘Eye of the Storm’ White Gold Area in the Tintina Gold Belt. - Easily accessible, excellent infrastructure, safe jurisdiction. - Sampling just finished, funded drilling programme about to commence - >100g/T Gold sample from Clear Creek – excellent potential - Peak values of 12,400 ppb Au from soil sampling on Val Jual - Relative low market cap – CDN$4.2 million - CEO with proven track record of growing public companies share price by multiples - Leading Canadian gold geologist, Jean Paulter, running drilling campaign - Nearby to discovered goldmines (Coffee, Golden Saddle) - Val Jual /10 Mile Creek acreage surrounded by active 2017 programs by other companies - Drilling news flow expected before year-end Please do your own research on the Company before investing. Thank you for your time.
10/9/2017
12:40
psolomons: The reason the share price doesn't reflect the potential is because without permits to mine, the company has nothing apart from reserves in the ground. It doesn't matter what the gold price is, if you can't get it out the ground you have nothing. The nicaraguan president Daniel Ortega recently give himself executive powers to grant licences for projects deemed to be in the national interest. That should smooth the path to the licences being issued and value being realised. Relocation of a village is the key here which the company are working on. You take a very pessimistic view of things corrientes. If there was no money to be made in gold mining in central America none of the major corporations would be there, but they all are and not slammed by huge levies.
10/9/2017
10:33
corrientes: Not really interested in Condor as an investment, precisely because of where it is. There are many companies at the same stage as or further on than Condor, and blue sky is almost inevitably invoked to show at least doubling or trebling of the then share price, always based on ridiculous assumptions, optimism and crazy numbers, but it rarely transpires due to sovereign risk. Do you really think the Government of the day will allow Condor or its successor to mine without huge levies ? Why does the price not reflect the 'potential' today, and with the gold price moving up ? More than 10 years ago now, I made a packet in a Canadian outfit in Ecuador that had discovered what was then the best gold deposit in the world in the previous 15-20 years, and probably still remains so today. Sure the company got taken over eventually, after lots of interest,but the opening of the mine is still as far away as ever due to 'local difficulties'.Central/South America is no longer the best bet for potential gold miners. IMO. Condor might prove the exception, but I wouldn't bet the house on it.
10/9/2017
09:27
888icb: Psolomons Thank you for setting out Condors current position and the share price going forward once the permits are granted. The permits shouldn't be far away now and so the current share price is far too low. I can only assume the blatant deramping by corri is to try and keep the share price low while he buys some prior to the permits being issued. I expect this to move very quickly to £2 when the permits are issued followed by a sale which should achieve a price to the higher end of the range you have indicated. £5 is only a market cap of £300 million and the gold price is doing quite well at the moment. I have great confidence that the current major shareholders are in this to make a big return.
10/9/2017
08:33
psolomons: corrientes, you clearly have some knowledge of the way south/central American countries operate but your maths is way off. I agree that the permits are vital but when they are granted Condor will have a hugely valuable asset. 3+ million ounces of gold and permission to mine it. To suggest that won't move the share price is ridiculous. Estimates vary from £2.50 to £5 a share. Some of the biggest investors in mining are on board who carried out due diligence before committing their money. La India is almost certainly a gold district with upto 10 million ounces of gold, that would be worth perhaps double the estimates. The current share price values the company at just over £30M, to suggest that's its value after permits is blatant de-ramping.
08/9/2017
13:44
corrientes: No matter the rights or wrongs here, fact is that Central/South America is very much subject to the will of the Leftists,(ie in respect of those countries small enough to be influenced) and they will sometimes disseminate false or out of context information and cheat and lie to get their way. Sometimes they're right and sometimes they're wrong. No matter,they most often don't really care about the indigenous population; they take the high moral ground to justify hidden increased impoverishment of the locals. Seen it in several countries there, so you'll get a bid alright from a Chinese or similar outfit (if the mine is big enough). Otherwise you'll never see a real return for your money, and you'll wait forever to see any real action. Definitely here a case of being better to travel than arrive.Any premium to current share price will now be modest IMO.
23/5/2017
15:08
goneawol: Jim Mellon adds 100,000 shares Https://uk.advfn.com/stock-market/london/condor-gld-CNR/share-news/Condor-Gold-PLC-Directors-Dealing/74674835
02/5/2016
12:13
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.
17/2/2016
10:25
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 vestors.co.uk/companies/news/122624/condor-gold-on-a-tear-after-optimisation-study-122624.html
14/1/2016
10:12
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.
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