Condor Gold Share Discussion Threads

[temujiin] 07/11/2019 07:22

Book5, you sound like an activist for ACAFREMIN, the Central American Alliance Against Mining. The objections against the CNR mine are known and have been discussed which is why the company adjusted it's own plans to accommodate villagers concerns.

Every development in the world throws up people who object, even if its a small scale housing estate in UK. It's up to the company and Gov to overcome these issues, which is why we are at 20p. If you believe its a no goer, open a short, let us know and have faith in your opinion.

[book5] 07/11/2019 05:43

Around 5000 villagers

A bit old:



And from July this year:

[book5] 07/11/2019 05:26

Temujiin


Villagers from Santa Cruz de la India make a decent living from their mining work , they are proud and want to pass their way of life to their children and grandchildren, they are a miners community, these people don’t want CMR mine. Villagers from far away is communities are the ones that are in the photographs and want the jobs in offer

Good luck , for now I am out, I believe more the villagers than the company

[temujiin] 06/11/2019 23:30

Book5, these are all common issues with mines but I doubt those with little, will be too worried about what happens in 10 to 20 years time.

AFAIK the community was and has been consulted about the mine and a majority were in favour and many applied hoping for work once it starts. Your testimony is interesting and may be honest, but I'll prefer to believe the RNS's for information.

As for land purchases, perhaps you could contact the company and feed back as you seem quite concerned for us about this.

[book5] 06/11/2019 21:00

Temujiin

Have a look the the proposed mining development, where the village would be surrounded by an earth embankment with explosions may be at less than 150 / 200 meters?

Community stopped machines moving in, they guarded the roads , men at night, women during the day. They will do it again

Local economy is based in small mining projects. With the new mine After 10 -20 years all jobs would be gone for ever! and may be cnr would not employ as many as now?

Now there is peace, company is not suggesting that villagers are moving out from their houses, but if company tries to move in the license area there will be a conflict

Heard in company video CNr is trying to buy land...how are thing going, has anybody contacted the company?

The share graph says it all, it needs good news

But May be if cnr increases dramatically the compensation deal ... could it be light at the end of the tunnel?

[temujiin] 06/11/2019 19:00

''essentially Cóndor is proposing to destroy a community way of life''.

Funny that, as the 'community' is very poor and jobs hard to come by and Nicaragua not know to be a bastion of Extinction Rebellion acolytes, I'd have thought the community would welcome a mine offering many well paid jobs, by hey, WTFDIK.

[vermilion1966] 06/11/2019 08:07

Thanks, Book5 - you've been more helpful than you could ever know. And very well done for not answering any of the points I raised.

[book5] 06/11/2019 03:56

Hi all

Did the villagers tell me the whole truth? , did they know the whole truth ? I can’t answer to that, I have just reported it.

the community is David, the company- government-other far away communities is Goliath.

The government wants the mine and income it will bring.

essentially Cóndor is proposing to destroy a community way of life , villagers do not agree with it

Villagers are very very very fearful of authorities and what they can do to their families .

The stakes are very high for both sides

the company has resources to win, if they do then the community will loose.

The share price is very cheap in comparison with peers for a reason, but what are the reasons? Company said is due political uncertainty in Nicaragua, is this the whole truth, are other facts? .Please ask questions to the company , what are difficulties / opposition on their ground.

My understanding, things could change if villagers are forced to sell their Land to the company.

If Goliath wins it will be a big price for shareholders, but it would destroy a community, it is not a win-win situation, ☹️

Good luck to all, sorry I can’t be more helpful

[vermilion1966] 05/11/2019 21:55

Book5

According to yr posts, you appear to have first taken an interest in Condor less than a fortnight ago.....

You must have taken some photos on your very recent and urgent fact-finding trip to Nic - d'you have any of La India you could let us see??

[vermilion1966] 05/11/2019 21:45

Condor have the concession, and license to mine. They don't need (nor, indeed, want to buy) 'freehold'. Mineral rights and land ownership can be discrete.

[temujiin] 05/11/2019 21:22

Hi Book5, nobody has suggested you 'put locals in danger'.

Zanfdook just asked 'Were you there in person, did you speak to locals, and where?'. I guess he wants to know, as I do, is this a recent up to date view that you are sharing, or dated?

If what you portray is true then it would inply that Condor, the Nic Gov, the knowledgeable multi-millionaire investor/directors and even the investment arm of the world bank (no longer invested) and myself were/are all mugs as this mine will never get built.

[book5] 05/11/2019 15:43

Hmm
Do not put locals in danger unnecessarily

[zangdook] 05/11/2019 14:34

Can you tell us when and where you spoke to locals? Did you go to Nicaragua, or did you meet them elsewhere?

[book5] 05/11/2019 14:27

Don’t take my word, Ask the company what % of the land , and% of the land owners , for the India mine development they have bought, after 5 years trying ....pls tell us if they dare to answer you!!!

[book5] 05/11/2019 14:24

I spoke to locals
Apparently Only 2 people had sold land (as far as I found out)
But major land owners have sold nothing so far bcs they don’t want that open pit

[zangdook] 05/11/2019 14:18

Do you mean you were there in person? When was this? The article you posted was over a year old - if you have more up-to-date info I'm sure we'd all be grateful for as much detail as you could give.

[book5] 05/11/2019 14:07

Spoke to people on the ground, nice place Nicaragua

Very very very Few villagers have sold any land
So my deduction Cóndor can’t build anything really

Some other small porkies from company but nothing major , for instance water in offer is at” half price “ (rather than totally free) and in fact few people accept it....

Villagers are terrified of police, para military, very sad directors went to invest their personal wealth to destroy other people life’s, people ended up in prison, even children are threatened

No clear to me if government can make compulsory land purchases over there, but local opinion is they can’t

Also possibly government reductant to be forceful as they don’t want to become even more unpopular that they are

Villagers fighting for their way of life

May be I can’t find some videos of police misbehaving ...

[vermilion1966] 05/11/2019 13:22

book5 - where are you getting yr info re. village road access?

[temujiin] 05/11/2019 07:20

It was a good short at 26p a couple of months ago. Shorting after a fall could be called brave. That said, imo the share price is gonna continue to drift around high teens to low 20's until solid news appears, which could be tomorrow, or months from now.

[book5] 04/11/2019 23:14

For the brave It looks s good short

[book5] 03/11/2019 09:15

New Question we need an answer is, how is the access to the two smaller pits?. If access does not need to use road through village then we should be able to sell or mine them

[book5] 02/11/2019 22:06

another option, perhaps more amicable to the locals would be tunnelling mining,more work for the locals
a bfs please? another 3 years?

good luck anyway, but it seems so far capital destruction and not much capital generation

Imho most likely scenario is to have to wait for years till next election, raise cash for plant and built it

based on the above I will not be adding till we have tangible news

please let share your knowledge because I would like to invest here

[book5] 02/11/2019 22:02

I am not optimistic
The habitants from the local village don’t want the mine; the habitants from the surrounding villages want the mine.
The main mine is at 20 mins walk form the local village, the only access road is through the village.
The only reasonable technical option to do another road avoiding the village is through the local cemetery, but this was rejected in the pass.

I doubt they can’t ferry material through the village, the director should not say the company can ferry material to neighbouring plants, this statement was not elaborated….why have not done this before....because they can’t , simple answer. Director was probably misleading the market. No good

to do a new road may require to relocate fewer people, ... some people that live in adobe houses want to move to the prefabricated 2 beds houses, but many others don’t want.....company should elaborate more about this option, but to me it is not certain it can be done,

Two options, pay lots of cash to resettle people with the limited objective to build new road (but the company has not recently approached villagers) or we built the plant upstream and ferry only he dore bars. Could this be in the next rns?

Re: option of buy second hand plant, may be possible but requires cash for not much gold.

Raising cash for a project in Nicaragua right now is not easy, potential Investors are concerned with what is happening in Venezuela, however Nicaraguans don’t expect a civil war.

So do not hold your breath. This will not move till the finance package is agreed , it is possible this may not happen after the 2022 presidential election when a new stable government is hopefully formed.

So all in all, in my view this will not move much for years, some of the new local investors don’t mind to wait, villagers will move out little by little, and fewer new comers will be keen to move in...

Villagers want foreign partners to help with micro mining projects, so if you have the time, cash and sense of adventure , you would be most welcome I believe

I will keep you posted if hear of excavators rumbling

[bomber13] 02/11/2019 14:00

The interesting thing to me is why Jim Mellon , who has been openly promoting Condor in the public domain , is not buying more stock in the market right now , having last paid 23p back in August .

Admittedly , being a non-exec , he could well be subject to internal restrictions ahead of Condor's Q3 , normally in mid-November . Or is he restricted because of something else that is about to happen ?