Condor Gold Share Discussion Threads

[paleje] 10/1/2020 08:20

Why the broker switch I wonder.

[the stigologist] 10/1/2020 07:58

Mark Child, Chairman and CEO commented:

"On behalf of the Board I would like to thank Numis Securities for acting as the Company's Broker for the past six years. I am delighted to appoint share price Angel as the new Broker to the Company at an exciting time when Condor is heading towards gold production from the permitted La India open pit, expanding the production potential by permitting two high grade feeder pits and continuing with the strategy to demonstrate a 5M oz Gold District

[888icb] 09/1/2020 22:34

Indeed nice tick up at the close to 22.10p UP 7.8% on volume of 280000 from 20 trades.

[the stigologist] 09/1/2020 18:28

Nice finish !

[888icb] 09/1/2020 15:14

Volume has picked up to 229000 from 14 trades and we are now UP 4.88% at 21.50

[the stigologist] 09/1/2020 14:50

Clearly defined double bottom / W formation occurring here.

[the stigologist] 09/1/2020 13:01

With many quality juniors being discounted the past few months, I expect mid-tier and major miners will continue to be in a buying mood into next year. And at some point, we can expect these producers to look further down the food chain to junior developer/explorers who control large, established resources with blue sky potential. This will be a natural progression of the recent deal flow, as the majors are running low on economic reserves for future production. The strategy of buying a basket of the best in breed resource-rich juniors at this low point of the cycle makes sense and the sector is presenting excellent buying opportunities for informed speculators.

[the stigologist] 09/1/2020 12:50

as mentioned previously



"Long-suffering shareholders of Condor Gold (LON:CNR)should be pleasantly surprised, I believe, as gold goes up, and gold pouring comes closer to reality."

[bomber13] 09/1/2020 11:14

Quite apart from Jim Mellon's recent bullish comments , the other very interesting thing is the lack of news on Calibre Mining's La Libertad mine .

Underground operations at La Libertad were suspended on 21st November owing to ground instability issues ( please see link below ) , and , although the CEO was confident that blasting would resume by year end , there has been no news . Perhaps there is an ongoing problem ?

In any event , without a significant uplift to resources , the La Libertad mine is dying . Production last year was guided to be 95/- to 100/- oz at AISC between US$1150 and US$1190 , and is forecast to be 70/- to 75/- oz this year at AISC between US$1050 and US$1100 . Understandably , Calibre is planning to spend US$10m on resource drilling around La Libertad this year alone .

If ever there was a case for a toll deal with Condor to fill up spare capacity in the La Libertad plant , this is surely it ?

[the stigologist] 09/1/2020 10:02

This chart just wants to go UP

[the stigologist] 08/1/2020 19:49

Interesting.

[888icb] 08/1/2020 17:54

In Canada Condor is UP 10.26% currently on volume of 36000 at 0.43 which converts to 25p.

[black bird] 08/1/2020 12:16

paid to much, 27p 2019 2021, should make a profit company rns come to light BB

[888icb] 08/1/2020 00:39

Gold above 1600 as Iran launches attacks on US airbases in Iraq.

[the stigologist] 08/1/2020 00:10

Well Gold spiking tonight as Iran retaliates against the illegal US occupation of Iraq

[the stigologist] 07/1/2020 22:20

Jim is a good lad. Like the fact he was sending the ultimate message by buying stock in the market. Maybe he is again ? Or maybe he's not allowed to anymore

I can see significant interest for this asset given the nearology

[888icb] 07/1/2020 21:39

Jim Mellon has written a bullish column in this months Master Investor. In relation to Condor I will quote him verbatim
“Long suffering shareholders of Condor Gold(LON.CNR)should be pleasantly surprised,I believe, as gold goes up,and gold pouring comes closer to reality”
That sounds like a very positive comment to me rather like is is trying to tell you something he perhaps shouldn’t. Let’s see how it goes.

[cantrememberthis2] 06/1/2020 21:53

Seems like ARB this could move strong on decent update IMO.
Quick Summary here:

[the stigologist] 06/1/2020 00:07

Well that resistance was futile

[888icb] 04/1/2020 12:06

Condor ended the day UP 5% on volume of 295000 and Gold at 1552.

[the stigologist] 03/1/2020 17:49

I note suggestion elsewhere Jim Mellon may be buying more in the market

[888icb] 03/1/2020 10:11

Some interest this morning UP 6.12% on 12 trades and a volume of 178000.

[highly geared] 03/1/2020 09:35

There are some incredible bargains out there at the moment.

My favourite is Altyn, 3 million+ RESERVES, 5 million + JORC, a producer and sub £15 million cap..

[the stigologist] 03/1/2020 09:30

#CNR #GOLD

With Gold going up like this (approximately $100 / oz in a month) to c.$1550/oz



It makes a mockery of small cap resource developers like CNR being valued at only $10/oz in the ground

At some point some of their mid cap producing peers will be able to direct their increased cash flow into acquiring resource either to build their own business or to bulk up their business before Majors come knocking for the mid caps

Potential for serious leveraged gains







In 2010 ish Gold was $1200 / oz

In 2020 with Gold at $1500 / oz and the licence/resource significantly worked up is this a fair share price performance ?