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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Condor Gold Plc | CNR | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 1.25 | 4.13% | 31.50 | 16:20:33 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 30.25 | 30.25 | 31.50 | 31.50 | 30.25 |
| Industry Sector |
|---|
| MINING |
| Top Posts |
|---|
Posted at 21/4/2024 09:48 by redprince 888ICB - your 12479 - a good question.Apart from moaning that they did not make any money on CNR because they dont hold any shares i susppect they will take their jaundiced view on life to other bb's!More importantly surely an announcement outlining a deal must be incoming any day now? |
Posted at 15/4/2024 16:00 by book5 sherwood58IMHO, a deal can be reached, but for that to happen, either calibre, cnr, and miners need to give in BFS omits la Mestiza for a good reason. CNR can get all land today if they agree to give away la Mestiza, but that is not happening, we may be waiting for a cpo? I believe Calibre & Chinese have made offers (with and without la mestiza), but CNR wants more from them and to pay less to the miners So, we are waiting…. |
Posted at 15/4/2024 11:59 by book5 We don’t know what CNR can sell to calibre; maybe the mestiza is excluded if required for a land swap? We don't know. We need an RNS stating we own 100% of the land we want to sell to Calibre/Chinese.There must be issues with the village being so close to the mine. The share price has had a very decent rally recently; whether the new buyers are fools, we don’t know yet. Gla to all investors My contacts keep quiet |
Posted at 12/4/2024 11:42 by oldiegoldie 888 has decommissioned the “Zoom out” button on his CNR trading software. Every day a new all time high for him |
Posted at 12/4/2024 09:04 by 888icb CNR has moved with the gold price it’s Up 30% in the last month. |
Posted at 20/3/2024 13:07 by book5 We don’t own all the landSo 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 |
Posted at 18/3/2024 13:07 by book5 Cnr needs an rns stating it owns all the land of La India vein.The miners want land with gold to keep working, not only money. How much land will it cost to buy the cooperative land at La India?, La Mestiza, or other alternative land? CNR will likely increase its offer until it satisfies the miners because the alternative, a CPO, will probably never arrive if it has not arrived by now. |
Posted at 30/1/2024 11:47 by 888icb The Gold Market background to CNR sale processIt is useful to look at the Gold Market generally to understand the issues faced by CNR in the sales process it is currently conducting. Yesterday I watched a Kitco interview with our former shareholder Ross Beatty at the Vancouver Metals conference a couple of days ago. Ross Beatty as many will be aware is a legendary successful investor in the commodities business particularly in Gold. He is currently building his swan song large gold company Equinox Gold, which is just completing a very large project in Canada which will bring its target of 1 million ozs of gold per year ever closer. Ross spoke about the total disconnect between the price of Physical Gold which has been rising to new highs but this has not been accompanied by a rise in gold equities from the largest to the smallest. He described the disconnect that had seen equities fall as gold had risen , make the price of equities ridiculously low. He said he had seen nothing like the last 15 months in his 40 years in gold mining. He thinks that is going to change in 2024. Deals will start to be done and the whole gold sector will rise. The rises will in a number of cases be 100% and more and will be rapid when the time comes. The rises will be across the board but the largest will be in the juniors including the early stage ones that haven’t started mining yet. It would appear that CNR are moving to the phase of concluding a deal at an opportune moment which just wasn’t there year. When this sale process started it was billed as an asset sale because there was a complete disconnect between the share price and the value of our gold as valued by established industry metrics. This situation has been and remains the situation for all gold companies and is not CNR specific. This gives me increased confidence that CNR will be sold in the coming months at a good valuation which will be multiples of its current share price. This is the link to the Ross Beatty interview: hxxps://youtu.be/OT6 |
Posted at 11/9/2023 08:40 by book5 Hi Connect,Sell all Cnr to secure some of your savings?. Is that the correct question? A more accurate would be, shall I hold 100% of my equity investments in Cnr shares? I don't believe anyone would advise you to hold all your shares in Cnr, as that could lead to catastrophic losses SOme Ftse250 companies have been hammered, and IMHO you could invest in them part of your savings to spread the risk and hopefully recover your losses accumulated so far in Cnr: Hoc: (left wind government in Peru; the country has gone through a crisis, now it looks more stable) Cwr: (technology, soon will raise to the fts250) Fxpo (Ukraine, the one with most risk) You could keep some in Cnr None of the above are for widows and orphans. Probably CWR is the least risky of all of them, at least in the short term. A possible distribution of funds: hoc 15% cwr 50% fxpo 10% cnr 10% others 15% The above will probably be safer and keep you on the game for a longer time, giving you the chance to recover your investment in the long term. It would be devastating to hold Cnr for so long, sell them, and then see the Sp go to the 30s or mid-40s. But it would be worse to see the share price even lower by a new capital raise, or worse. We still hold some Cnr, but fewer than before. And cnr is not our worst share. Overall, I have never made money in the stock market, a loss of time for me, so i am not the best to advise you, but a note of caution if you hold majority of your savings in cnr. careful. To the rest of you here, please let Connect and I have your thoughts. Thanks |
Posted at 08/9/2023 07:18 by zangdook "they sold the asset exactly for the MCap"I think you're looking at the MCap post sale announcement. Before the sale the MCap was substantially less, but when you announce a sale of all your assets for above the current MCap it's natural that the MCap will increase to reflect the incoming cash (if there's a prospect that the shareholders will see the money, which doesn't necessarily apply to CNR), and that's more or less what happened with AMC, to the extent that you could buy a share for 1.81p in anticipation of a dividend of 1.8p*. Since it was in legal terms a dividend and not a return of capital (although in reality it was obviously the other way around), it was quite useful for people with certain tax complications who wanted to turn capital into income. Plus at ex-dividend the share price rose from (1.81-1.8=0.01p) to over 0.2p - a nice profit if you did it in size. * The share price at this point was reflecting the dividend, not the cash which was higher but evidently there wasn't much confidence it would find its way to shareholders. Ex-dividend, it looks as though buyers moved in hoping for some M&A activity using the remaining cash, hopes which are so far unrealised. Probably it will gradually disappear into directors' pockets, like much of our cash at Condor. Having said that, credit to AMC for rescuing something from disaster and getting $35m out of Russia. It may be that the Russian situation made the "take over the company to get the assets cheap" route impractical for the buyers, so it's not a perfect parallel for CNR. |
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