Condor Gold Share Discussion Threads

[edjge2] 12/4/2018 10:52

Maybe dip and recovery plus director bought shares now.

[888icb] 12/4/2018 07:57

Definitely a positive sign that the CFO is buying some more shares. I imagine he shares MC’s optimism that the permits are close and its not insider information because its in the public domain.

[boris cobaka] 12/4/2018 07:11

Nice purchase by the FD.

how timely if that license should arrive.

[888icb] 09/4/2018 13:54

A small tick up today. Its a start UP 4.5% on a volume of 570000.

[buzzzzzzzz] 09/4/2018 10:07

Our time will come I have no doubt!

[rhuvaal2] 09/4/2018 09:32

Goneawol ~ Thanks for that: I was most impressed by Mark Child's delivery and added before the bell last Friday @ 44p, although confess to being still underwater here.

[888icb] 09/4/2018 07:50

We don’t seem to have come on to the radar of Canadian investors. The volume over there is tiny. Perhaps when we get the permits they will start to take notice.

[buzzzzzzzz] 09/4/2018 07:24

888ICB

We have a Canadian listing so why is the share price in Canada not 4x higher?

[888icb] 08/4/2018 11:47

The Master Investor Show presentation was very positive and gives the distinct impression that the mining permits are only weeks away. Mark Child indicates that the lack of permits is responsible for the current share price and there should be a serious rerate once the permits are issued.
He also says that the share valuation currently applied in London would be 4x higher on the usual valuations that would apply in other markets such as Canada. On that basis we should currently be trading at 180p to 200p instead of 45p!
It should not be long before Condor’s shares are valued in £’s as they have been before rather than the current pennies.

[goneawol] 04/4/2018 22:03

Master Investor show 2018 - 17 March

[edjge2] 26/3/2018 14:03

Holding up today

[sir andrew ffoulkes] 26/3/2018 08:11

Numis:

CONDOR GOLD (BUY 140P) FY Results. Condor announced full year financials, though these are not a major catalyst given CNR’s pre-production status. During the year, CNR spent £4.9m in operating and investing activities and raised £5.2m through equity. Key highlights during the year and post-period include the submission of an amendment to the ESIA to the Ministry of Environment and Natural Resources in Nicaragua that removes the requirement to resettle 330 dwellings, 1,000 people, which has been a key sticking point in the process. As part of the redesign the company will move the planned plant site 1,200m from the village, redesign the open pit waste dump and some other infrastructure. Management have indicated that they do not expect the changes should not impact the reserves, resources or production rate as set out in the PFS (Reserve 675koz at 3.01g/t producing 80koz for 7 years with a Resource of 1.08oz Indicated, 1.23Moz Inferred). Exploration highlights include a 6,000m drilling programme on the Mestiza target to follow on historical Soviet drilling, which was not included in the PFS with notable results including a high grade ore shoot in the Tatiana vein over a 450m strike length and estimated true width of 2.2m with intercepts as high as 28.3g/t and 23.3g/t. CNR also completed a soil geochem survey over the entire 313km2 of the La India project. At present, CNR is trading on 0.2x NAV and should rerate towards 0.6x (our target multiple) as it moves through the permitting process and continues to demonstrate the exploration potential of the broader district.

[edjge2] 23/3/2018 20:57

Did get in gold north of 1340 goldies not reacting much so better enter. Drill resuklts should follow placing only a little below this

[boris cobaka] 23/3/2018 14:10

well at least the gold price seems to be moving in the right direction al last.

[edjge2] 23/3/2018 13:06

Yep agree 888ICB, big reserves and looks undervalued to me. Not in but hope to entry on recent dip.

[888icb] 23/3/2018 09:40

Todays placing is a positive move with most of the money raised from existing shareholders. Further Jim Mellon and another Director have subscribed for £2650000 worth of shares. Last chance for long term investors and Directors to get some more exposure before this takes off in the coming months.

[steeplejack] 23/3/2018 08:01

Bit of catch 22.You'd think the company would wish to wait to raise money until permitting was confirmed but clearly need money now to address working capital requirements.I am surprised that this private placement has taken place on the AIM rather than the TSX market.

[elvor] 23/3/2018 07:14

@buzzzzzzz maybe :) but surely many options were looked at. Cant imagine the first thought was I know, lets resettle the whole village. and why did it take 2 years for this to come to a head?

[buzzzzzzzz] 19/3/2018 10:01

elvor

Masquerading as Captain Hindsight!

[plasybryn] 16/3/2018 16:57

Watching paint dry again Mark!

[elvor] 09/3/2018 09:26

but how come this non resettlement option wasn't on the table 2 years ago when they submitted for permits??

[sir andrew ffoulkes] 26/2/2018 12:13

"The Company does not expect that the changes to the La India Project as detailed in the amended ESIA will materially change the mineral reserves, mineral resources and the production rate disclosed in the Technical Report"