Condor Gold Share Discussion Threads

[boris cobaka] 27/6/2019 16:29

edjge I sold out of my jnug rather reluctantly a couple of days ago but I've just bought back in. We're in a different situation with gold now. It's gonna be harder to trade so I think i'm going to stay with it for a while.
CNR though looks like it might break that earlier low after what should have been a rerate back to the 30's. Admin stuff now impacting and potentially quite damaging until sorted.

[edjge2] 24/6/2019 22:26

OTT jnug is splitting again
CNR needs more tome but will look better at $1900 gold

[boris cobaka] 21/6/2019 08:54

Simply an early profit taking exercise - 21p goers then we're off.
Gold breaking $1400 overnight won't any harm. Genuine breakout and more to come but expect volatility. It's the miners though where the best returns will be realized.
The etf's gdx, gdxj, nugt and jnug will go mental. They'll help to drag the mining co's with them.

[888icb] 20/6/2019 21:59

B2 Gold are operating a successful gold mine nearby so it certainly can be done and Condor have good relations with the authorities in the country so it should all be achievable.

[edjge2] 20/6/2019 21:17

Andy may be one from the bottom drawer as have excellent resource, shame about the country

[andy] 20/6/2019 20:58

888,


They re a long way off from producing any gold in a country with political problems, that's probably why.

[888icb] 20/6/2019 17:49

Disappointing that with gold doing so well and several gold shares showing some big rises today Condor hasn’t joined the party and has actually gone down!

[avsome1968] 20/6/2019 16:37

These seem a bargain with gold flying took a trench today can see these doubling short term.
Been a seller here for a while but finished now with a 14m market cap bargain.

[boris cobaka] 20/6/2019 08:10

Gold breaking out of a 6 yr basing pattern. Overnight hit $1385oz

miners about to take-off.

[bmnsa] 19/6/2019 15:18

POG running High

[boris cobaka] 18/6/2019 05:51

There's an extremely good chance gold will be above $1400oz within the next 7-10 days.
Expect potentially serious volatility after hours on Wednesday as the fomc meeting give their decision but it's likely to be the 'comment' that comes with it that'll be more significant.
The gold mining etf's will track the gold price closely.

[888icb] 17/6/2019 11:35

Yes a positive start to the week with volume of 300000 moving us UP 5%

[thecoyone] 17/6/2019 09:50

Looking perky again this morning now the large sellers are out - can see this trading in the 30p's soon enough.

[bmnsa] 14/6/2019 15:07

When is that likely

[abbotslynn] 14/6/2019 07:33

£1068oz - Flying

[boris cobaka] 14/6/2019 07:31

Mornin'
gold doing it's part....

[dexdringle] 13/6/2019 09:06

Well, I guess we'll see. But thanks for your kind words none the less.

[boris cobaka] 13/6/2019 08:32

Why would they sell into 'any' rises??
Pure guesswork and of course they may equally decide to hold for some considerable time or at least to a price target worth their while. If you have any insight into who picked up the stock then that might support your flimsy argument.

[dexdringle] 13/6/2019 07:59

If there have been large numbers of shares sold then there must have been corresponding numbers of shares bought. This means there is a block of holders at sub 20p who will, no doubt, sell into any rises.

The only way to counter the share price fall caused by a persistent seller of a total of 10% of the shares is for someone out there who doesn't own any now to be desperate to buy 10%. If you like, the exact reversal situation.

[boris cobaka] 13/6/2019 05:15

Well there's only one way a share heads after the selling pressure has evaporated.
The ii's offloading such a large amount in a relatively short space of time and in what is a fairly illiquid stock was always going to end in tears and hence the break below the Dec 2016 low.
In the meantime gold has bounced and is on the second leg of the new bull and the miners are beginning to motor in tandem. Identifying a depressed and well oversold stock in an increasingly bullish market is quite rare. It was overstretched to the downside with the unrelenting disposals - watch what happens now the pendulum has begun to swing the other way. Could get quite volatile over the coming days/weeks
Gl.

[temujiin] 12/6/2019 21:20

Credits to Nero on LSE.

Posted with permission.

"Dear All,

The IFC has confirmed in writing that it has completed its divestment of Condor Gold plc, see attached released today. This is due to a change of investment strategy, the IFC has exited over 20 exploration companies including: Hummingbird, Lydian, Rio Tinto/Simandou, Aureus, Unigold. The former IFC Head of Global Mining and the number two left a couple of years ago. The new head of Global Mining only wants to invest debt in very large projects.

The IFC has been delighted with the operational performance of Condor Gold, being granted the permits to construct and operate a mine, gaining the social licence to operate, expanding the mineral resource, expanding the permits for the feeder pits, expanding the concession package etc. Condor has been providing the IFC with a quarterly Environmental and Social Report, when only an annual report is required. The latest Q1 2019 report has been edited for our website: hxxp://www.condorgold.com/csr/environment#tab=2

The IFC started selling its 5.5M shareholding in January 2019, see announcements, it has gradually sold its entire shareholding in the market, which has suppressed the share price. Furthermore, City Financial went into administration in March 2019 and was a forced seller of a 5% shareholding in Condor in the market. The overhang of shares is now removed; is is encouraging that the market has absorbed selling of over 10% of the Company’s shares. Both share sells are for reasons specific to the sellers and unrelated to the assets of the Company, which are in excellent shape and never been better. I suspect the IFC selling marks the low in the share price.

Regards

Mark

[888icb] 12/6/2019 21:08

Good to see Condor at number 7 on the leader board up 15%. Let’s hope now the sellers are out that we continue the rise for some time.

[888icb] 12/6/2019 20:07

If the Abbey who set this thread up is still around would you please enable the news feed to appear in the header. I have to go onto an older bb that I set up in order to see the RNS. Many Thanks

[boris cobaka] 12/6/2019 16:42

not a bad day. Ok volume. If it breaks 21p then i'd say there's definitely some catch-up on the way. Gold bouncing aswell won't do any harm. If the gold mining etf's are doing well then it bodes well for the sector.