Condor Gold Share Discussion Threads

[sharenotes] 04/4/2023 11:37

zangdook

I would have responded immediately, but my wife has just cooked me a first class brunch – no competition, really! Your comments including ‘pure mathematics,' ‘fear you’ll end badly,’ 'company accounts’ and so on, whilst revealing would take some unpacking. In short form, the mathematics is ‘applied’; and considers a much bigger picture than the accounts. One simple consideration would have been the anticipated spot price of gold, but there are many other factors. You fear things will end badly. Well fear is not grounded and as I have already alluded to, the forth quartile example means the ‘end point’ has been achieved – an exit with significant gains with no fear in the mix. The concession is that you could be wrong 30 to 40 percent of the time – accept it and move on.

The management consideration is a point well made. When attempting to raise millions in an environment where, from time to time, survival is primal, weird stuff happens. If you think this is not the case or should not happen (taking the moral high ground), then I think AIM is not for you – it comes with the territory. If most are completely honest with themselves they are attracted to AIM in the first place because they are under the illusion that higher gains will be realised, period. The subsequent ‘rationalisations’ are always fun to read, no doubt. Notwithstanding, it’s not too far of a reach that you will soon break even and get your money back. I sincerely hope that will be the case.

[redprince] 04/4/2023 10:57

sharenotes - you are correct.Everyone who bought into this share knew the risks of a junior explorer.On a risk reward basis it was always an attractive stock.From the rights issue i thought the risk reward was very attractive.This particular bb has been full of glass half empty characters and as such i have filtered quite a lot of them as they bring little if any value and lack objectivity.
Fwiw i feel for those long termers with higher averages - i have been investing for many years and i have experienced plenty of this myself.
However instead of reading rubbish on here folk need to think for themselves and act accordingly.The sentiment (for now at least) has turned from fear to cheer in this stock.
GLA.

[zangdook] 04/4/2023 10:55

It's not 'emotional' to find company management untrustworthy and to proceed with caution. If you really think an assessment of management failings is just so much 'cloud' obscuring the pure mathematics of company accounts, I fear you'll end badly.

[sharenotes] 04/4/2023 10:50

DiggyBee,

That does not make total sense. The opportunity was there for all to acquire as many shares as they wanted at 15p. Unfortunately, those that frequent these boards were susceptible to the predominant negativity that can so easily cloud discernment. In order to avoid the ‘emotionalR17; influence when it comes to trading/investment, some operate from a more mathematical basis. Those that operate and are triggered by a forth quartile assessment, for example, will soon depart this share with significant gains. Of course, there will be some who then cry “but what about the further potential gains that you will/may enjoy.” They are simply missing the point!

Well, what is the point? Unless you are in a very select club, the most successful operate on a 60/40 and, in exceptional circumstances, a 70/30 basis. That is, they are wrong 30 to 40 percent of the time. In order to make the 10 or 20 percent pay, the 40 or 30 percent of losses can be substantial, even though a net gain is realised over time. The human condition is such that we remember negatives far more than positives (it’s an evolutionary thing) and weight the losses far greater, clouding discernment. So the point is that even the best experience substantial losses in order to make significant gains. Mathematics adheres to rules; thinking/emotion is not particularly grounded from a rule base sense and is therefore susceptible to poor judgement. Notwithstanding, I do hope (emotion!) that the share price reaches a level where you realise what you are looking for, Good luck!

[888icb] 04/4/2023 09:24

Another positive morning for CNR. Currently Up 2.7% at 28.25 on volume of 250000.

[diggybee] 03/4/2023 16:10

Let's hope he can. Meanwhile at 27p Despite rising almost 100% from recent low. Realistically it is in the toilet and nobody is making any money.

[cegamer] 03/4/2023 12:27

| The AGM is in May, and Mark "we've got all the land" Child is up for re-election. If you're able to, vote and let him know what you think of him.

I'll be sure to slap him on the back in thanks for selling CNR for over 225m ZD. Don't worry about that m, he's bringing this one home.

[888icb] 03/4/2023 10:53

Good start to the week with last weeks rise continuing. Up 5.9% on volume of 287000. The last 2 buys were at full offer 27p. Mark is conducting site visits in Nicaragua and is sounding very confident. We should see 30p+ this week as we await further news if this momentum continues.

[book5] 02/4/2023 10:17

The NDA are working
There are not new rumours of condor

[davidspringbank] 01/4/2023 10:02

It would make a lot of sense for somebody already in situ, like Calibre or B2Gold, to buy this. Cheap as chips to bolt on to their existing operations. Here's a list: hxxps://www.juniorminingnetwork.com/mining-stocks/nicaragua-mining-stocks.html

[zangdook] 31/3/2023 17:18

The AGM is in May, and Mark "we've got all the land" Child is up for re-election. If you're able to, vote and let him know what you think of him.

[connect5] 31/3/2023 16:19

In a way I wish we didn't have the bank holidays that are coming up.

[888icb] 31/3/2023 16:11

Now Up 9.8% at 25.25p on volume of 698000. A rally into the close looks to be underway.

[888icb] 31/3/2023 16:02

“CEO Mark Child is in Nicaragua hosting site visits for gold producers interested in La India Project. 9 companies are under an NDA and have access to all drill data, technical studies, and details of permits to construct and operate a mine and financial models. $CNR
THE BOARD IS CONFIDENT THAT A BINDING AGREEMENT
WILL BE REACHED. INVESTORS WILL BE UPDATED IN DUE
COURSE.
CEO MARK CHILD”
Following that tweet last night I am not sure how wise it would be to be out of CNR over the weekend!

[oldiegoldie] 31/3/2023 14:34

True, but such a bid would be public

[888icb] 31/3/2023 14:14

If you have listened to Mark’s recent interviews you will have heard him say that a sale of the company could also happen. They have always wanted to sell the company. They have only decided to market as an asset sale because the share price is at such a massive discount to the actual value of the gold. They have to sell based on the value of the assets not the value indicated by the Market Cap.

[oldiegoldie] 31/3/2023 13:47

All these (conditional) offers are for the assets, not for the company, don’t forget that

[diggybee] 31/3/2023 13:06

25p paid. Well...wowsers! 25p! Just amazing.

[book5] 31/3/2023 11:05

We know there is a conditional offer, imho most certainly from Calibre.
Price we will get must be related to how much land we can gather after the negotiations with last two land owners.
Very quiet in the village.
Looking forward to hear about positive outcome here, and very pls with today action
Cnr Social media moves sp

[oldiegoldie] 31/3/2023 11:04

„Crewe“ reminds me of a Bentley rather than of a team. Maybe after Hethel I should pay a visit to Crewe?

[davidspringbank] 31/3/2023 11:03

Fingers crossed for a good outcome, it will be great to leave the deramping crew behind nursing their wounds. One thing that they cannot change is the price of gold and silver have broken out of their respective downtrends and are on their way to making new highs:

Gold Price Forecast: XAU/USD could reach end-March 2024 target of $2,100 earlier than expected
March 30, 2023
NEW YORK (March 30) Gold looks set to benefit from its safe-haven appeal in more uncertain markets, according to economists at UBS.

It will take time for investor confidence to be fully restored
“Gold has already been gaining due to the recent market volatility. The spot price broke above $2,000 an ounce to hit a 12-month high. Meanwhile, Gold exchange traded funds look set to post net inflows in March for the first time in almost a year.”

“Given recent events, we think there’s a chance that Gold prices will reach our end-March 2024 target of $2,100 earlier than expected. While a repeat of the global financial crisis appears to have been averted, we think it will take time for investor confidence to be fully restored.”

FXStreet

[oldiegoldie] 31/3/2023 10:50

No, the deramping crew had a dentist appointment.
I still feel the pain, not sure if it’s because of the drilling in all the teeth or all the land.

[snotra] 31/3/2023 10:08

Next leg up starting? Would be good to move back to the 30s. 50p takeout doesn't feel too outlandish from there.

The board are confident

[888icb] 31/3/2023 09:45

It appears the deramping crew have lost their voices this morning. Up 7.6% from 19 Buy trades on volume of just 293000. Over 25p now being paid.Condor’s tweet last night has certainly had a positive effect.