Condor Gold Share Discussion Threads

[paleje] 13/9/2019 11:59

I think it was mainly Jim's enthusiasm stirring interest and some people lose patience very quickly or are happy with a small profit which is fair enough. But it only needs an RNS re a toll arrangement and this could double easily depending on the deal and the rise would last because we'd have very early cash flow whilst sorting out the long term arrangements.

So yes come along Mark put on cheerful face and get a tolling deal which with gold the way it is makes sense for both parties and will just get get better with time if the pundits are right and the global economy is as iffy as many think.

[icb888] 12/9/2019 10:42

The good prospects for gold as set out above should be very good for Condor lifting its potential value considerably higher. Let’s have some news Mr Child to keep the positive momentum of recent weeks which seems to be taking a breather in recent days.

[paleje] 11/9/2019 08:37

Article in today's Times suggesting good outlook for gold:-

Gold price could climb ‘beyond $2,000 an ounce’
Patrick Hosking, Financial Editor
September 11 2019, 12:01am,
The Times
Banking
Investment
Europe
Russia
Asia
Gold is seen as the ultimate safe-haven asset
Gold is seen as the ultimate safe-haven asset
PAUL J. RICHARDS/GETTY IMAGES
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The gold price could push past its all-time record and progress beyond $2,000 an ounce over the next three years, according to Citigroup.

The prospects for gold were strong because of political uncertainties, recession risk and the expectation that global interest rates are going lower for longer, the American investment bank said in a note to clients. It also pointed to strong buying of gold by central banks. Aakash Doshi, a Citi analyst, said in his most bullish scenario that the spot price could reach $2,150 by the end of 2022.

Gold is seen as the ultimate safe-haven asset. However, it yields nothing and is costly to insure and store. At present at $1,497 an ounce, it hit an all-time high of $1,918 in August 2011. It fell to as low as $1,060 in December 2015. Since May it has been on a tear, soaring from $1,275 to $1,550 before drifting lower.

China’s central bank has bought $4.8 billion of gold in the past nine months as it seeks to diversify away from its dependence on dollar reserves. Russia has also been a buyer.

[icb888] 09/9/2019 10:47

I spoke too soon as the 6 Buys have been followed by 6 Sells and the share price has ticked down on volume of 120000.

[888icb] 09/9/2019 09:46

6 small trades to start the week off. All Buys and a Volume of 24000. Let’s hope we an maintain positive momentum and at least reach 30p this week.

[bomber13] 07/9/2019 20:13

Is it not pretty significant that Jim Mellon , the billionaire NED of Condor , has stepped up his buying of Condor shares all of this year . Indeed , if you look back at his history of ownership , he has gone from just 0.2 % of Condor in 2011 when he first became a director to a 5% holder in 2017 , to 7% in November 2018 , and , as of today , to 15.6% , making him Condor’s largest shareholder . Importantly , he cornerstoned the £4m fundraising by Condor in July at 20p , and has since made three smaller market purchases at 23p , the last being on 23rd August . Looking back on his purchases since 2011, my analysis suggests that his average in-price for owning 15.6% of Condor is 34p per share .

Jim Mellon’s bullishness of gold is well-known , and his timing of Condor purchases this year is most interesting because it is no secret that Condor is looking for a strategic transaction to take La India into production either via a toll mining/refining deal , joint venture or outright sale . Therefore , his buying in 2019 in the face of two forced sellers , City & Financial and the IFC collectively with 10% of Condor , has helped ensure that Condor cannot be bought on the cheap , and if you add his 15.6% holding to that of Nicaragua Milling , a recent strategic investor , owning 10.4% , Ross Beaty , another well-respected mining billionaire , owning a further 6.9% , and the CEO , Mark Child , owning 4.4% , that is a collective 37.3% of Condor looking for the best possible shareholder outcome .

Calibre Mining , who is buying B2Gold’s Nicaraguan assets , is thought to be near to completing a fundraising of up to C$115m ahead of its deal closing in mid-October . Its immediate priority will be to give some much needed longevity to the La Libertad mine/plant , which is only thought to have 12 months ore left . A toll/joint venture deal with Condor must be a sensible option , and maybe the two will talk / meet next week and the week after in Colorado ?

With pre-feasibility AISC of under US$700 per oz , and a 2.3m oz resource , surely potential net margins of around US$800 per oz at today’s gold prices make it inevitable that , one way or the other , La India is put into production for the benefit of all Condor shareholders ?

[bomber13] 07/9/2019 18:09

And is it not interesting that both Condor and Calibre Mining , the guys buying B2Gold's assets in Nicaragua , are presenting at the same gold conferences at Beaver Creek next week , and Denver the following week ? Perhaps , the two CEO's might even be on the same flight to Nicaragua after that ?

[icb888] 07/9/2019 12:13

A poster on another BB has said Mark Child has a busy 4 weeks ahead with a couple of precious metal conferences followed by 2 weeks in Nicaragua. Let’s hope we are close to good news to keep this share price moving north.

[bmnsa] 05/9/2019 12:55

Good things are afoot imo,I just keep adding.

[icb888] 05/9/2019 12:07

A couple of small tick ups this morning so we have reached 28p on a volume of 173000.

[icb888] 05/9/2019 09:26

Perhaps he was trying to nudge the share price into the 30p plus range for 10 consecutive days which would require 50% of the warrants issued with the last placing to be taken up at 25p. Jim took the largest amount in the placing and so would have to buy more shares. He is probably keen to do that because it’s money for Condor.

[andy] 05/9/2019 09:18

icb888,


Mellon's purchase is a gnat bite compared to his existing holding, it looks like small buys like that are done in order to produce an RNS, rather than as a serious purchase, IMO.

[icb888] 04/9/2019 14:15

Volume of 136000 with only one small sell. This is massively undervalued with a current market cap of only £26 million. I think Mr Mellon’s recent purchases were a hint of things to come and I am surprised more people aren’t taking the hint. Clearly as he is a Director he has to time his purchases within certain rules but I am expecting news sooner rather than latter. As the largest shareholder he has a lot riding on this and as he is extremely wealthy he needs a very good gain to make it interesting!

[cf456] 04/9/2019 13:29

Buying picking up here again today.

[icb888] 03/9/2019 11:01

Gold is moving up this morning and a small tick up for CNR. Let’s hope the recent upward trend continues and we can push on to 30p+

[cf456] 03/9/2019 10:17

He's reckoning on gold at $2000 this year.

That would certainly help direct further buying interest here.

[icb888] 02/9/2019 11:12

The latest edition of Master Investor is just out and in his “Mellon on the Markets” column Jim Mellon states again that he thinks gold and silver will go much higher. He mentions that he has being buying CNR disclosing that he is a Director and now the largest shareholder.

[rhuvaal2] 30/8/2019 17:12

A deal might not happen that quickly: be prepared for some consolidation

[icb888] 30/8/2019 11:36

Only 6 trades and volume of 33000 after 3.5 hours trading. Perhaps we need Jim to report more buying to get it moving again.

[888icb] 30/8/2019 09:04

There was reasonable volume yesterday but the share price remained at its current level. I suppose it’s normal to take a breather after such a strong rise but it is a little disappointing not to have reached 30p. Volume is very low so far today with only 2 trades.

[bmnsa] 29/8/2019 20:26

A profit is never a profit Until banked or spent securing more physical au

[edjge2] 29/8/2019 12:14

nice! Shame I sold a few when I did. Day before the rise! Oh well silver starting a run not before time. Yes aaz victim of profit taking at last.

[888icb] 28/8/2019 15:19

A 1000 share trade in Canada has just sent the Canadian price UP 32% to CAD0.58 which is equivalent to 36p. One clearly can’t draw conclusions from such tiny volume but it’s nice to see the direction of travel.

[cf456] 28/8/2019 15:18

Shooting up 31.8% on TSX.

Equivalent to 35.6p.