Condor Gold Share Discussion Threads

[paleje] 30/1/2020 08:06

John Cornford made a comprehensive case for CNR via master investors bulletin platform last night. Admittedly an association with JM but nonetheless a compelling and thorough article.

[888icb] 28/1/2020 22:55

I don’t think the land is a big problem. The land can only be used for illegal mining which the Government could stop so they will all sell once the mine is ready to go. It has no value to anyone other than Condor for mining. We are continuing to move forward and a buyer could pop up at anytime. Jim Mellon has been very positive about it recently and I think people selling today will regret but clearly it’s their choice.

[book5] 28/1/2020 16:30

apparently some corruption was taken place, no sure now, for instance:
-Apparently some managers were trying to force subcontractors to sign receipts in blank... I emailed this to the CEO, no response of course, your money though. Who is pocketing the difference???
-Apparently managers were "encouraging" employees to attend demonstrations in favour of the mine,

because of the above decent employees left and moved on

big land owners are in the mine business , as the majority of the villagers. so, think why they don't want the mine....are they thinking to mine their land themselves if CNR is left without a license? very tempting human nature


it appears that CNR needs the government help, but the government is so unpopular its does not want bad publicity before elections and it appears that for now it has lined up with villagers wishes

at its convenience the company tells you half-truths , and ignore some facts (difficulty to get the land, plan B (if any) to obtain the land, government position in the dispute, expected resolution time line...)

IMHO This is no longer an investment, things may change though. If I hear good news I will buy .

sorry to see the share slide, I have not position. I sold very quickly what I once bought

DYOR

[steeplejack] 28/1/2020 13:47

Would you accept the first offer?

[book5] 28/1/2020 08:02

A I said:

“Offers made to buy the surface rights from all landowners within the mine site infrastructure, 50% have accepted.” I am not sure the % is a high as that. It appears Some Small landowners have sold, but not the big ones that hold majority of the land.

Some of those no accepting are lawyers themselves, and are well organised

Only government can force compulsory land purchase, and what I hear is that for now government will not enforced, may be after elections if at all

DYOR, GLA

No news in the grapevine

[the stigologist] 28/1/2020 07:35

Sounds like a positive update

[the stigologist] 26/1/2020 18:22

Gold is looking a bit 'cup and handle-y' ?

[vermilion1966] 21/1/2020 10:44

The usual amateur deramping from book5 - one wonders why he spends time on this when he is (presumably) not a shareholder?

[book5] 19/1/2020 07:34

Old news , but it was published recently in newspaper

You will be surprised who is the largest landowner...he will not sell. Only government can’t force him to sell. He has enough cash to live a good life , abroad if he wants. And so far there are no indications he will change his mind....he is too in the mining business, as majority in the village

Recently I keep hearing contradicting news, some smaller land owners may sell

Good luck to all, you will need it

B.

P.S sigo en contacto con algunos de los vecinos ....siempre listo para comprar cnr si hay buenas noticias


Tbc

[temujiin] 17/1/2020 19:41

books who???

book517 Jan '20 - 08:00 - 1955 of 1957 (Filtered)

[vermilion1966] 17/1/2020 12:28

Ignore book5. He has been trolling this thread for a while. He claims to have visited the village near La India, but when challenged to provide photos or any proof of his 'visit' he disappoints...

[888icb] 17/1/2020 09:25

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.
The above statement from Mark Child is why IFC sold. Nothing to do with villagers in Santa Cruz or people not wanting the mine.

[book5] 17/1/2020 08:00

The villagers don’t want the mine, so last June/July the World bank withdraw it’s support to the project
the problem is Santa Cruz villagers

[the stigologist] 16/1/2020 21:28

And that $40/oz would have been when Gold was much lower

[bomber13] 16/1/2020 17:46

Herewith is the PDF link to the B2Gold / Calibre transaction last year FYI .

Effectively B2Gold sold its entire Nicaraguan operations to Calibre in exchange for US$50m in cash , and US$50m in Calibre shares at 60c , resulting in them becoming a 34% shareholder . The shares are now 97c . The transaction value of US$100m equated to a value of around US$40 per resource oz .

[the stigologist] 16/1/2020 17:12

Wow.

What metrics was B2Gold sold on ?

[bomber13] 16/1/2020 16:45

Calibre Mining released their Q4 and full year production statistics mid-week , and predictably met their guidance . However , what is particularly interesting from Condor’s point of view is that , contra to the Calibre CEO’s earlier declaration that underground mining at the La Libertad mine would resume before end 2019 , underground mining would still seem to be suspended , and has been so since 21st November , 2019 . Here is what the company said -

" The government continues to make progress with the relocation of households in the nearby community of Santo Domingo affected by the artisanal mining driven ground instability issue. The Company is working closely with the government and community to ensure a safe and responsible resolution. Mining at the Jabali open-pit remains unaffected. "


There is clearly still quite a lot of disruption , and , moreover , the government is involved , which is unlikely to be going down well with local inhabitants . No great surprise , therefore , that Calibre is blaming ground instability issues on the artisanal miners .

La Libertad is a low grade ( 1.74 g/t ) bulk tonnage operation , which is running out of ore . Its processing plant has an annual capacity of 2.25m tonnes of ore , and in Q4 2019 it treated only 353/- tonnes for 18/- oz of gold . For 2020 we have been given guidance to expect 70/- to 75/- oz of gold production from La Libertad , which would imply a plant throughput of around 1.4m tonnes at similar grades , substantially below capacity .

With the above spare capacity in the plant , the unresolved underground mining problems at La Libertad , and Condor’s substantially higher grades , a toll deal between Calibre and Condor makes so much sense . Condor’s permitted La India concession has an average grade of 3.6 g/t in the indicated category , and metallurgical test work done by B2Gold last year prior to selling out to Calibre produced recoveries of 95.4% . Condor’s two high grade feeder pits currently awaiting imminent permits have an average grade of 9.9 g/t in the indicated category , and therefore may well be thrown into the mix ?

[the stigologist] 16/1/2020 11:57

ticking up again

great chart set up

ridiculously undervalued

[temujiin] 10/1/2020 19:50

Two observations.
For me personally I'm not a big fan of share price Angel as they always seem more towards the bucket shop of brokers.
On the plus side MC saying 'an exciting time when Condor is heading towards gold production' seems bullish. But as always, unless CNR get a JV, or tolling deal, then the share price imo is going to continue to be stagnant.

[someuwin] 10/1/2020 11:37

Been buying here. Could get interesting.

[paleje] 10/1/2020 08:39

Every little helps.

[zangdook] 10/1/2020 08:32

Perhaps share price Angel comes with Nectar points.