Condor Gold Share Discussion Threads

[psolomons] 10/9/2017 12:40

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.

[jeanesy] 10/9/2017 10:51

Im sorry but i have to agree, been here a long time ago. Still no nearer to gold production. A blue sky punt if ever there was one

[corrientes] 10/9/2017 10:33

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.

[888icb] 10/9/2017 09:27

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.

[psolomons] 10/9/2017 08:33

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.

[happyholder123] 09/9/2017 09:34

HNR -
TWO wells successfully drilled with abundant oil and gas in samples extracted!
Fracking and FIRST OIL next month!
Don't miss this train!

[corrientes] 08/9/2017 13:44

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.

[andy] 07/9/2017 13:18

This has been ongoing for sometime, since 2016 I believe.

Where are the news releases?

[ajinvesting] 06/9/2017 17:49

Mark Child has kindly agreed that I may post his reply to my request for reassurance - see below. The situation is still somewhat unnerving, so I hope the SumOfUs campaign remains low key and is overwhelmed by the good news out of Nicaragua and hopefully a rising gold price too.

"The claims by sumofus.org are false, inaccurate, misleading and disingenuous to say they the least. With reference to their email:

Condor Gold is not a mining giant, the company is not in production and has a market cap of STG 33 million

There has been no damage to the ground water….note we don’t produce so how can there be damage?

Condor has signed an agreement with the IFC to adhere to their performance standard 5 with regards to resettlement. (see IFC website). This involves dialogue with the community, livelihood restoration programmes etc. The resettlement proceeds only if the standard or living is significantly improved

The Company sued a few people who destroyed company property and reached an out of court settlement

There will be an update to the market in the next few weeks.

Regards

Mark"

[psolomons] 06/9/2017 14:40

You will have noticed that the president Daniel Ortega recently announced special powers to grant licences if they are deemed to be in the national interest.
The government definitely want this mine to happen so expect licences to follow in short order after a resettlement plan is sold to the locals.

[goldenshare888] 06/9/2017 07:44

No smoke without fire and several international miners have had licenses suspended or revoked in recent times due to local action groups interference.

This could be catastrophic for Condor.

Flight of the Condor may turn into the flight of the Dodo!

[volsung] 04/9/2017 16:47

I always speak highly of you Buzzzzzzzzzzzzzzzzzzzzzzzzz lol

[volsung] 04/9/2017 12:41

I've signed the petition against Condor's persecution of local people wanting to protect their lands and livelihoods.

[andy] 04/9/2017 08:28

This is not new.

There have been protests for some time in Nicaragua by some members of the local community v Condor.

There is even a video on Youtube!

[ajinvesting] 03/9/2017 18:56

888ICB. I agree that some of the language used in the piece makes out that Condor is a major 'corporation', which is of course wholly inaccurate.

My intention in posting the Email text is to alert other shareholders that this campaign group has Condor in its sights. I am not de-ramping or seeking to damage CNR, in which I have a (for me) significant shareholding. I thought other shareholders should know that we are receiving such unwelcome attention.

I shall post Mark Child's reply, which I anticipate will be completely reassuring.

AJ

[888icb] 03/9/2017 13:48

Some of us is group that campaigns against big business globally. I doubt they know where Nicaragua is let alone Condors proposed mine. They talk about fighting big mining companies which couldn't include Condor as it isn't big or indeed mining.
I am surprised that someone who is a Condor Shareholder would parade their inaccurate left wing anti capitalist garbage on a bb. They aim to use digital media to put their views across and we should not provide their oxygen.
I am sure that this project fully complies with IFC's investing responsibily criteria, which is why they invested.

[ajinvesting] 03/9/2017 11:22

Have Emailed Mark Child:

"Dear Mark Child

As a shareholder In Condor Gold I am alarmed this morning to have received this Email from the SUmOfUs campaign group.

I am sending you this Email so that you are aware of this situation and can arrange a company response in whatever way seems appropriate.

I look forward to your reply and shall be grateful to be kept informed of developments.

Yours"

[ajinvesting] 03/9/2017 11:13

Am alarmed to receive this Email from a campaigning group - SumOfUs. As a shareholder this is not the sort of attention we want.

AJ

"An entire Nicaraguan community is standing up to a major mining company -- to defend their water, homes and livelihoods from a destructive gold mine.

If enough of us stand with them we could cut off a major funding source -- and help stop the mine.
Sign the petition

Hundreds of families could be displaced from their homes and have their livelihoods destroyed -- if mining giant Condor Gold gets its way in Mina la India, Nicaragua.

The British mining corporation wants to go through with a destructive gold mine -- despite fierce opposition from the local community.

The people of Mina la India have seen their ground water supply damaged and neighbours harassed. They know what they’re up against. And they’ve said they need the support of people around the world to win this fight.

Here’s how we can help stop this.

The International Finance Corporation (IFC, aka the private sector arm of the World Bank Group) is the second biggest investor in Condor Gold’s schemes and prides itself with investing responsibly.

So what’s it doing investing in a gold mine that could destroy an entire community?

If we convince the IFC to divest, we can help stop this destructive project from going ahead.

Tell the IFC to divest from Condor Gold’s destructive mining project in Mina la India.

Condor Gold is a bully: it went as far as suing protesters in Mina la India.

But the community fought back -- and Condor Gold finally dropped its charges.

They won a battle. But the intimidation continues.

To win the fight against Condor Gold, the local community need all of us around the world to come together and stand with them to defend their home.

Can you sign onto our petition to get IFC to divest from the destructive mine?

Count me in. I’ll stand with the people of Mina la India.

SumOfUs members have stood up to support communities in their fight against the big mining companies before.

When mining giant Newmont harassed Máxima Acuña de Chaupe for defending her home against a gold mine, more than 160,000 of us stood with her. Thousands more chipped in for her support and legal fund.

Our community cheered on as Maxima won the “Green Nobel” for her heroic work stopping the mine last year.

Now, let’s stand with the people of Mina la India to protect their families and homes too.

Thank you for standing with us!

Wiebke and the team at SumOfUs"

[888icb] 02/9/2017 09:17

The Nicaraguan Govt on 28th August changed the law to make it much easier to issue mining permits. This is very positive for Condor.
The last RNS confirms that Condor continues to develop its gold resources. The high grade 3 million oz of gold will support a very profitable mining operation.
There is every reason to believe that the proven gold is just the tip of the iceberg.
The gold price is above $1300.
Condor looks to be a very attractive proposition. When the permit comes this will take off and bids will almost certainly follow. It would be very disappointing if this went for less than 250p but one can easily make a case for it to be worth a lot more.

[edjge2] 30/8/2017 17:59

A while ago no one would buy this. A few more positive holes might do it.

[888icb] 30/8/2017 09:30

RNS this Morning announcing excellent drilling results. Well done Condor and with rising gold prices it's about time this rerates as it is currently at a massive discount to its true value.

[plasybryn] 30/6/2017 10:11

Some good feedback to last nights presentation on LSE & new presentation slides on web site I believe.

[888icb] 29/6/2017 14:14

The RNS uses the word 'excellent' to describe the latest drilling results. They are indeed excellent and should lead to a substantial increase in the value of the mine.
It must be a frustration to Mark Child that the market is not responding to this good news as it is to me!

[plasybryn] 29/6/2017 08:18

Great drill results this morning.