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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Condor Gold Plc | CNR | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 32.20 | 00:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 32.20 | 32.20 |
| Industry Sector |
|---|
| MINING |
| Top Posts |
|---|
Posted at 06/1/2025 14:43 by sir andrew ffoulkes Deal done. 99% of CNR in favour.For me I see little point contributing here anymore, I'm off permanently to the MTL boards. Good luck everyone! |
Posted at 19/12/2024 10:18 by 888icb You have just illustrated what a low price is being achieved for Condor Gold. Its daylight robbery and I think it reflects very badly on Mellon that he couldn’t get a much better deal done with Calibre who have always been the obvious buyer. If Calibre don’t act in the best interests of their shareholders and bid for CNR, our only hope is that when Condors gold is part of MTL it is valued in the same way as MTL’s gold is now and we see a major re rate of our new MTL shares. |
Posted at 06/12/2024 14:10 by oldiegoldie Fully agree book.CNR could become a millstone around MTLs neck. There is no quick fix for many of CNR issues. |
Posted at 04/12/2024 12:07 by book5 Did Calibre offer only to buy la Mestiza?CNR must first buy all the land to get a decent offer for La India. Maybe CNR can explain why Calibre has not engaged with us for more than a year. They bought a massive asset somewhere |
Posted at 01/12/2024 22:26 by 888icb Calibre is the obvious Acquirer of CNRI have mentioned this on previous occasions, Calibre is the obvious Acquirer of CNR. It is the mine next door and Calibre has made the company from its profits in Nicaragua. Calibre can start making money straight away by trucking to its hub and spoke mill. Calibre have a full management team nearby so their overhead costs would be lower than any other bidder. Calibre have been playing games for years refusing to agree to toll milling presumably hoping to get CNR very cheaply. My guess would be MTL are being used to flush out a decent bid for CNR from Calibre. It would be very bad business for Calibre to let anyone else acquire the literal gold mine next door that is Condor imho. |
Posted at 01/12/2024 16:12 by 888icb Sky news valuation“Exclusive: Metals Exploration, a London-listed mining group backed by the financier Nick Candy, is close to agreeing a cash-and-shares deal to acquire Nicaraguan-focused gold miner Condor Gold which will value the combined group at over £150m. Full story here soon.” When they say it will value the combined group at over £150 million it would appear they have got to that number by simply adding together the current market caps of MTL and CNR which are nearly £100 million and nearly £50 million respectively. The report also states: “ Mining industry sources said a deal could be announced as soon as this week at a substantial premium to Condor Gold's current valuation.” If CNR are going to achieve a substantial premium the value of the combined group would need to be a long way north of £150 million. If CNR were to go for 50p which is double the current share price (which is nowhere near what the actual value of CNR’s shares) then that group value would need to be £200 million. Tomorrow should be very interesting and hopefully the start of a bidding war if MTL’s offer isn’t high enough. |
Posted at 18/11/2024 09:30 by oldiegoldie Especially as the share price will drop at least the amount of the special dividend at the moment the dividend is announced. |
Posted at 17/11/2024 21:21 by 888icb I have been invested in CNR since the start of Nicaragua. I have added at various times since and have never sold a share. Fortunately I have always been in profit and don’t have the frustration of investors who bought in at much higher prices than the current share price The only reason that I only post rarely at the moment is that there is nothing to say. We just have to wait for the announcement of a sale which could come at anytime as M&A market for Junior Miners is hotting up after being essentially dormant for the 2 years in which Condor has been trying to sell. I expect the sale price to be multiples of the current share price and it will end up as a share sale rather than an asset sale, but that’s just my opinion.I do have a number of other AIM investments which I comment on, but I am an investor not a trader so comments about my next trick are well out of order. I had hoped CNR would have been sold a year ago as I wanted to redeploy the proceeds in other gold miners or if as I expected it was sold to Calibre I would be happy to hold Calibre shares. I have therefore had to deploy other funds to Gold shares and gold funds which have done well this year led by the largest gold miners and the large Royalty companies. I am bullish on gold and silver and have used the recent pullback following Trumps victory to add shares. I do like POW and its spin off GMET which are new positions for me this year, but I don’t comment on them on the CNR bb, so if anyone is interested go to the POW and GMET bb on ADVFN or LSE. |
Posted at 17/11/2024 11:20 by oldiegoldie CNR does not have shareholders, CNR has believers.Jim, the creator and ruler of the AIM universe and source of all moral authority, the supreme being sent his son Onion down to earth to serve as the example to all of man's divine potential, the standard against whom all must measure their lives. Still, apostle book5 constantly reports “no news from the village” |
Posted at 20/9/2024 04:30 by book5 That assumes the future buyer will be able to buy the land at a reasonable priceAlso, it does not ask if the remaining land contains a disproportionately high percentage of the gold reserves as the vein width is very narrow. It does assume that CNR will win any potential court case/s against them. Nicaragua is corrupt and will affect CNR somehow; I can't see the government supporting us decisively. We have been waiting for years for a Compulsory Purchase Order. Why have MC and minor directors not bought many shares in the last few years? I have the feeling we would be afraid if we knew the truth. IMHO, CNR spins around the truth GLA, hopefully, the asset is “sold” north of 21p per share. |
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