Condor Gold Share Discussion Threads

[smackeraim] 20/3/2024 11:34

Very little on offer side of book. Someone accumulated in that dip.

[arlington chetwynd talbott] 20/3/2024 11:12

So you think that the US economy will survive the year, indeed remain a rosy scenario for the US electorate, without a single rate cut? That is what the smart money thinks?

[redprince] 20/3/2024 10:31

yiliano - whilst i agree with your last post you are wasting your time because you cant win an argument with a fool.
Fact is as i have said many times - this was always a high risk punt and everyone should have understood that before investing in it.We all tend to look on the upside whilst downplaying the negatives because that is human nature however we are where we are.
Aim plays invariably require many years of patience and usually further investment as the stock gets diluted in endless fundraises - something i know only too well from personal experience.
Many are simply not cut out for this type of investing and this bb is full of those types:)
My personal bet is that this will go for around the 50 - 55p mark before costs.If it were to go for much less it will make a mockery of the whole tiresome sales process.

Of course i dont know!

Aimho.Dyor.

[zangdook] 20/3/2024 10:27

'negotiations'? that's almost as good as 'special dividend'.

[yliano] 20/3/2024 09:45

O.G, you have no idea what's going on in the negotiations. If you were really that smart, you wouldn't be crying here like a little girl every day

[arlington chetwynd talbott] 20/3/2024 09:12

Not even in a US election year?

[oldiegoldie] 20/3/2024 08:47

No, I know everybody is hoping for it, but I do not see interest rates falling in the US this year.

In Europe maybe, but that’s irrelevant for the global economy / POG

[arlington chetwynd talbott] 20/3/2024 08:15

OldieGoldie - "Now the trend on interest rates has completely reverted, and productive assets will perform relatively better than unproductive assets like gold."You do not see interest rates falling later this year?

[zangdook] 20/3/2024 02:54

"special dividend"?

you must have got some of the good stuff there OG.

[sherwood58] 19/3/2024 21:46

OG, you've neglected to mention the PEA numbers from 2021 on your last post which has significantly higher NPVs, minimal being $418m at $1700 gold.

[oldiegoldie] 19/3/2024 20:48

I will not let you die stupid and make the math for you:

La India PEA open pit + underground operations (Best case) has 1.470.000 oz (LOM 12 years).

Base case open pit + feeder 862.000 oz (LOM 9 years)

100.000.000 US$ divided by 1.470.000 oz is (you can ask you grandsons math teacher to confirm) 68 $/oz.

In this best case (best case according to Mark himself) the NPV is 187MUS$ and the CAPEX 169M.
Now tell me how stupid somebody needs to be to spent 100M for the asset alone, where he needs to further invest and need a few years before Cashflow begins.
100M is an absolute illusion, think 20-50M for La India.
And then you get to 10-25 p per share (not taking into account consultancy fees and other costs)

[oldiegoldie] 19/3/2024 20:44

Have you ever visited the CNR internet page in the last 18 years? Or the Feasibility studies?
You can find a lot of valuable information there which could assist you in making up your mind.
This is beyond ridiculous, I am really wondering why you are a convinced investor in a company you barely know anything about, even though you could find out in 1 minute

[yliano] 19/3/2024 19:42

How do you know how much Condor charges per oz? As always, just stupid chatter from you.

[oldiegoldie] 19/3/2024 19:22

Well, the same is true for an overly optimistic price target.

It’s like in real estate. When everybody pays 12k£/sqm for a property in central London, and there is one guy asking 25k£/sqm and complaining nobody wants to buy, even though he owns all the land, I wonder who is right

Or do you know any acquisition where the $ / oz that CNR is asking has actually been paid?
You don’t even have to cherrypick, just name one (spoiler alert: you will not find)

[sherwood58] 19/3/2024 19:03

You could. You could easily cherry pick different recent acquisitions to suit your own agenda.

[oldiegoldie] 19/3/2024 18:38

Well, you can make reasonable assumptions derived from the amount of resources in the ground, NPV, and the $ / oz paid for comparable assets

[sherwood58] 19/3/2024 18:23

No one on this BB knows how much the assets will be sold for, so it's all just hearsay.

[oldiegoldie] 19/3/2024 17:40

Well it could not be sold for 100M for almost 2 years now.
Beginning/Middle of 2023 there was an extensive value discussion on this BB, I don’t want to repeat it all now. It’s all documented so just scroll back in the thread

[sherwood58] 19/3/2024 16:56

OG, expected based on what information?

[oldiegoldie] 19/3/2024 16:30

It is reflected in the share price

The special dividend to be expected from an asset sale of La India is between roughly 10 and 25 p/share (corresponding to an asset sale price between 20 and 50MGBP, plus transfer costs) and the remaining assets after the sale of La India are mostly worthless.

[arlington chetwynd talbott] 19/3/2024 16:17

If such a deal was assured and imminent, would this not already be reflected in the share price?