Condor Gold Share Discussion Threads

[888icb] 05/3/2020 08:38

Moving quickly on many small trades now UP 9.5% at 34.5 on volume of 148000.

[888icb] 05/3/2020 08:25

A good start this morning UP 4.8% at 33p and volume of 98000. 34p has just been paid.

[888icb] 04/3/2020 16:43

We closed UP 8.6% at 31.5p on volume of 655000. A similar gain to yesterday and if we can repeat that again tomorrow we can hope to have moved permanently above 30p.

[2toptrader] 04/3/2020 15:44

888 u talking too much.

[888icb] 04/3/2020 15:10

We have now exceeded yesterday’s volume as we reach 604000. Rather like yesterday in mid afternoon we have come off the day’s high but we still have 90 minutes to go to see if we can revisit 33p

[888icb] 04/3/2020 13:57

Bomber
Thank you for that excellent summary of our current position. I am hopeful based on today’s trading so far that we can sustain 31p+ starting from today as we should continue to move north in anticipation of those permits and on the back of all the other recent positive factors

[bomber13] 04/3/2020 13:47

As per recent presentations , research and interviews initiated by Condor , this morning's announcement confirmed the direction of initial travel towards a smaller but high grade open pit operation at La India , either utilising their own 1000 tonnes per day plant , which needs to be bought and paid for ( US$40m ? ) , or utilising someone else’s plant via a toll deal .

To this end , Condor and SRK Consulting are in the process of completing the pit optimisation and mining dilution studies with results so far confirming a 5 year open pit with 1.6m tonnes of ore at a head grade of 4.65g/t for 245/- oz of gold . We know that Condor is hopeful that the all important environmental permits for the high grade feeder pits at Mestiza and America are to be granted by the end of March . Once these are in the bag , and the mining studies are complete , we will hopefully be told what the project economics might look like and where we are with the land buying ?

The original pre-feasibility study in 2014 for La India excluded these subsequently discovered higher grade Mestiza and America vein sets but still showed robust AISC of US$690 per oz at a grade of 3g/t using a gold price of US$1250 . Since then oil prices have nearly halved , the Nicaraguan currency has depreciated by 1/3rd against the US$ , and gold prices have risen to US$1650 . Given the carrot of at least US$950 per oz margins , it is no surprise that Condor’s CEO admitted he was extremely busy with financiers at the recent PDAC meeting in Toronto .

Condor’s 2019 results are due very soon , and the net cash position was £3.6m at end September 2019 . Since then , Condor has announced the sale of the Poterillos concession for a net US$555/- with proceeds due in May 2020 , and don't forget there is the distinct likelihood of £2.9m of cash coming in from warrant exercising in the next 18 months . The proviso is that the share price has to hold above 31p , which , in all honesty , it should sustain once permits are granted .

[888icb] 04/3/2020 13:19

Our real value is the value of our gold. We are shouting about this really loudly at the moment as we move towards production. But at this point CNR should be very attractive to Bidders hence the setting out of our stall at a time when Rio Tinto have effectively given a massive boost to Nicaragua. We want investors on board now to push the share price up to protect us from a low bid.
Now up 13% at 33p on volume of 391000. Think of the movements that will come on higher volume.

[pugugly] 04/3/2020 12:57

Forget the PR news - restructured plans - current share price moves just brownian movements - As management know the only factors that will significantly move the share price to a new upper level is the start of mining and production of the yellow metal or of course a realistic bid.

So repeat after me - What do we want - PRODUCTION OF GOLD - WHEN DO WE NEED IT - NOW. or certainly within a believeable time frame.

[888icb] 04/3/2020 12:47

The most recent buys have been at 33p but they have widened the spread on the lower side and pulled the share price back to 32p. Volume 378000.

[888icb] 04/3/2020 12:19

Volume now 348000 UP 12.1% at 32.5p. We seem to be repeating yesterday which is good and have the afternoon to look forward to.

[888icb] 04/3/2020 11:46

Volume now 304000 UP 8.6% at 31.5p and 32p has been paid.

[888icb] 04/3/2020 11:25

Moving quickly now UP 6.9% at 31p on volume of 277000.

[888icb] 04/3/2020 11:22

We have reached 30p following a 40000 Buy at 31.5p

[888icb] 04/3/2020 11:17

Late reporting from 9.57 of 2 50000 trades at 28.8. Looks like a rollover.

[888icb] 04/3/2020 10:50

Slow for the last hour with buys at 29.60. But just had a buy at 30p on volume of 121000 so perhaps we may be about to get moving again as people digest today’s RNS which does rather look like a for sale sign.

[888icb] 04/3/2020 09:08

As volume reaches 75000 we have gone blue UP 1.7% at 29.5p

[888icb] 04/3/2020 08:52

A number of small trades between 27.5 and 29.7 pushed us down in early trading but we have bounced back and 30p has just been paid.

[888icb] 04/3/2020 08:48

A number of small trades between 27.5 and 29.7 push us down in early trading but we have bounced back and 30p has just been paid.

[bushtuckaman] 04/3/2020 07:45

RNS




Nice to see a low capex plant or toll mining operation being extensively explored here. Market should like this.

[paleje] 03/3/2020 15:34

Yep I know the plus points but I've had burned fingers in the past by not looking at negatives too, I was disappointed we didn't get a tolling deal it would have made financing easier but I agree the upside should be tempting enough to finance, just think some of it might have to be equity. I'll probably be wrong and wish I'd added:)