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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Condor Gold Plc | LSE:CNR | London | Ordinary Share | GB00B8225591 | ORD 0.1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 26.50 | 26.00 | 27.00 | 26.50 | 26.50 | 26.50 | 200,593 | 08:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Gold Ores | 0 | -2.53M | -0.0140 | -18.93 | 47.91M |
Date | Subject | Author | Discuss |
---|---|---|---|
04/4/2016 08:46 | the assets are the thing though... | hazl | |
04/4/2016 08:46 | Like I said, nicely worded/structured... | bumpa33 | |
04/4/2016 08:45 | No, read it properly - UNIT at 40p, each UNIT consisting of one SHARE at 20p and two thirds of one WARRANT at 60p. | bumpa33 | |
04/4/2016 08:43 | Clearly a placing at 40p a share Bumpa, at zero discount to current share price Proactive comment: Canadian mining entrepreneur buys into Condor Gold PLC [...] Canadian mining investor Ross Beaty has taken a sizeable stake in Condor Gold (LON:CNR) through a placing to raise £2.6mln for the Nicaragua-focused explorer. Beaty, who founded and is currently chairman of Pan American, one of the world's largest silver producers, subscribed for £1.5mln worth of the units and will have a 7.18% stake post the placing on an undiluted basis. The units were sold at 40p each and comprised one share and two-thirds of a warrant exercisable at 60p. Other heavy backers of the placing included a specialist resource fund, major shareholder Jim Mellon and executive chairman Mark Child. The cash will cover the US$670,000 needed for the purchase of the Espinito-Mendoza concession and the purchase of land for a mine at the La India prospect. Condor submitted an Environmental Impact Assessment in November as part of its application for an environmental permit for a 2,800tpd processing plant capable tp produce approximately 100,000 oz gold per annum at an all in sustaining cash cost of US$700 per oz gold. Site visits and key meetings have been held with several government ministries, said the company, while offers have been made to to buy the surface rights for approximately 800 hectares of the area affected by a mine in the future. | temujiin | |
04/4/2016 08:42 | market like it today at last... tomorrow reflection and ..... Quite a buy at 20p | edjge2 | |
04/4/2016 08:42 | They are good at marketing which is an important part,in my opinion as well. | hazl | |
04/4/2016 08:35 | Nicely worded though, I'll give them that... | bumpa33 | |
04/4/2016 08:34 | How thick do you have to be to not realize (publicly anyway) this is a raising at 20p a share with an attached unlisted, well out of the money warrant at 60p....! | bumpa33 | |
04/4/2016 08:30 | For the record, just bought 5000 at 41.5p | temujiin | |
04/4/2016 08:27 | He also has declared interests in Galantas and Dalradian | bahamasoil | |
04/4/2016 08:23 | 'The Company is pleased to announce that Ross Beaty has subscribed for GBP1.5 million worth of Units and will have a 7.18% shareholding in the Company post placement on an undiluted basis. The investment follows a site visit and technical due diligence. Mr Beaty is a Canadian mining entrepreneur with a successful track record of both building mining companies and developing mineral deposits for sale. The Company has agreed to a non-dilute clause for Mr Beaty's shareholding. The Company also welcomes a specialist resource fund managed by an affiliate of Sprott Inc. as a shareholder. ' EXCELLENT | hazl | |
04/4/2016 08:21 | little beauty | hazl | |
04/4/2016 07:46 | A significant purchase by a new investor. Director purchases. No discount to last closing price. Warrants exercisable at a 50% increase on the placing price. This is a very positive move. Well done Mark. | 888icb | |
04/4/2016 07:27 | A very positive move on a number of levels. Well done Mark. | 888icb | |
04/4/2016 07:24 | Compared to a few months ago when the future looked very black this is a great turnaround.Well done Mark. You used the Whittle report ( good move) to build confidence, build value & attract a new investor. Even Directors have paid into this at a price significantly higher than the recent share price This great strategy has assured our future, which now suggests they will be able to realise significant & fair value idc. No longer desperate for buyer. We are back in control of our future. | plasybryn | |
04/4/2016 07:15 | I agree with ya both. Enough to keep the lights on for a good while, directors showing yet more faith, another decent investor with knowledge. Gets the speculation out the way. | temujiin | |
04/4/2016 07:14 | Placing as I said. 1 good thing is directors buying | usmcgs | |
04/4/2016 07:14 | Placing as I said. 1 good thing is directors buying | usmcgs | |
04/4/2016 07:12 | Good news Tem. ..represents a discount of zero percent Jim Mellon picking up another 500k | goneawol | |
04/4/2016 07:10 | very reasonable terms compared to what some companies do. | zangdook | |
04/4/2016 07:05 | Glad we finally get this out of the way and can concentrate on the asset value :) 4th April 2016 Condor Gold plc (''Condor'' or "the Company") Condor Gold raises £2.578 million by way of a Placing. Lead Investor Ross Beaty Condor (AIM:CNR), is pleased to announce a proposed placing ("the Placing") 6,445,000 Units (as defined below) at a price of 40p per Unit (the "Placing Price") to raise gross proceeds of approximately £2.6 million. The completion of the Placing is conditional, inter alia, upon admission of the Placing Shares to trading on AIM. Each Unit is comprised of one ordinary share of 20p each in the Company ("Placing Share") and two thirds of one share purchase warrant of the Company (a "Warrant"). Each Warrant, which is unlisted, will entitle the holder thereof to purchase one ordinary share at a price of 60p (which is at a 50% premium to the Placing Price) for a period of 24 months from the date on which the shares issued pursuant to the Placing are admitted to trading on AIM (the "Closing Date"). The Company is pleased to announce that Ross Beaty has subscribed for £1.5 million worth of Units and will have a 7.18% shareholding in the Company post placement on an undiluted basis. The investment follows a site visit and technical due diligence. Mr Beaty is a Canadian mining entrepreneur with a successful track record of both building mining companies and developing mineral deposits for sale. The Company has agreed to a non-dilute clause for Mr Beaty's shareholding. The Company also welcomes a specialist resource fund managed by an affiliate of Sprott Inc. as a shareholder. Background to and reasons for the Placing The proceeds of the Placing will be used for general working capital purposes and specifically: to fully permit Mina La India in Nicaragua, pay the remaining US$670,000 for the purchase of the Espinito-Mendoza concession (see RNS dated 21 March 2016), secure the surface rights for the rural land that host and surround the future mine infrastructure and continue work to demonstrate the significant exploration upside of the 2.4M oz gold resource at 4.0g/t gold at La India Project. As a general update on ongoing work on Mina La India: the Company submitted an Environmental Impact Assessment ("EIA") to the Ministry of the Environment in Nicaragua ("MARENA") in November 2015, applying for the key Environmental Permit for a 2,800tpd processing plant capable of producing approximately 100,000 oz gold per annum at an all in sustaining cash cost of approximately US$700 per oz gold. The Nicaraguan Government remains fully supportive of permitting Mina La India. The EIA has passed the initial technical reviews, MARENA has conducted site visits and key meetings have been held with several Government Ministries. The Company has incorporated a wholly owned Nicaraguan subsidiary company to acquire the rural land; has surveyed, valued and made offers to buy the surface rights for approximately 800 hectares of the area affected by a future mine and is currently making good progress and is securing the land by making 10% down payments with the balance paid within 2 years; Condor will continue to demonstrate the significant upside potential by expanding the soil survey programmes that have covered approximately 90 sq km to date of the 313sq km La India Project, stratigraphic mapping, prospecting and structural data collection. Details of the Placing The Company has conducted the Placing as principal. 6,445,000 Units (comprising of 6,445,000 ordinary shares and 4,296,667 Warrants) have been placed with placees and subscribers at the Placing Price to raise gross proceeds of GBP 2,578,000. The completion of the Placing is conditional, inter alia, upon admission of the Placing Shares to trading on AIM. The Placing Price of 40 pence per share represents a discount of zero percent to the closing price of 40 pence per share on 1st April 2016. Application is being made for the Placing Shares, to be admitted to trading on AIM ("Admission"), such Admission is expected to occur on or around 15th April 2016. On Admission the Placing Shares will rank pari passu in all respects with the existing ordinary shares of the Company, including the right to receive all dividends and other distributions declared after the date of their issue. Following Admission the Company will then have 52,252,316 ordinary shares of 20p each in issue with voting rights and admitted to trading on AIM. This figure may then be used by shareholders in the Company as the denominator for the calculation by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the Financial Conduct Authority's Disclosure and Transparency Rules. Director Participation Pursuant to the Placing, Jim Mellon, Non-Executive Director of the Company has subscribed personally for 500,000 Units at the Placing Price. Following completion of the Placing, Mr Mellon will have a direct interest in 698,820 ordinary shares and indirect interest in 522,222 ordinary shares held through Galloway Limited. Jim Mellon is the founder and a director of Regent Pacific Group, which owns 3,977,274 shares. The combined interest of 5,198,318 ordinary shares represents a 9.95% shareholding in the Company post placement on an undiluted basis. Jim Mellon will have a direct and indirect interest in 419,444 Warrants post placement. Mark Child, Chairman and CEO of the Company has subscribed for 25,000 Units at the Placing Price. Following completion of the Placing, Mr Child will be interested in 3,967,500 ordinary shares in the Company, representing approximately 7.59% of its issued share capital as enlarged by the Placing, and will also have an interest in 16,667 Warrants. Roger Davey, Non-Executive Director of the Company has subscribed for 20,000 Units at the Placing Price. Following completion of the Placing, Mr Davey will be interested in 52,500 ordinary shares in the Company, representing approximately 0.10% of its issued share capital as enlarged by the Placing, and will also have an interest in 13,333 Warrants. The subscriptions by Jim Mellon, Mark Child and Roger Davey are a related party transaction under the AIM Rules and accordingly the independent directors, being Kate Harcourt and Peter Flindell, confirm that, having consulted with the Company's Nominated Adviser, the terms of the Placing are fair and reasonable insofar as the Company's shareholders are concerned. | temujiin | |
01/4/2016 18:09 | You won't be unkind ........ so does that translate to you haven't a clueYou are a clueless newbie, trading on pocket money, as can be seen by your posts My trades cannot be disputed, as they have been postedKeep losing money as every time I make money someone has to lose | usmcgs | |
01/4/2016 16:33 | HA ha newbie! You are worth it just from the entertainment point of view! As for when you sold it is quite clear from the bbs posts....but I won't be unkind. There are sure to be some ups and downs before the gold price really gets going later in the year. I have got my shares.. . I can wait... IMO | hazl |
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