Condor Gold Share Discussion Threads

[888icb] 27/3/2020 18:24

3 decent buys of 30000+ this afternoon the last one at 28.5 failed to take us positive today and we closed 1.79% down at 27.5 on volume of 183000. Gold price fairly stable.

[888icb] 26/3/2020 14:47

Very quiet today with just 4 trades totalling 4300 volume. Gold is back around 1620 and the US is up 4% in early trade so let’s see what the afternoon brings. Not long to go if we are going to get news by the end of the month.

[888icb] 25/3/2020 17:24

On low volume but in Canada Condor is up 41% at 0.53 CAD which is equivalent to 31p

[2toptrader] 25/3/2020 16:09

Gold the place to be imo. Money printing presses in overdrive all over the world. This will only push gold higher and make loo roll more valuable than US dollars.

[888icb] 25/3/2020 14:54

Much quieter today with the share price unchanged on volume of 31000. The gold price dipped a little but is back above 1600 at 1613.

[888icb] 24/3/2020 17:25

We finished the day UP 14.2% at 28p on volume of 391000. The last trade of the day was a 50000 Buy at 29p which is encouraging for tomorrow’s opening. Gold while up over 1600 is well off it’s highs earlier in the day when it looked to be heading back to its recent highs of 1700.

[888icb] 24/3/2020 14:29

2top I think you are right that gold is coming back into fashion. Our Director and major shareholder Jim Mellon is certainly of that view along with a number of commentators. They are talking seriously higher like the move after the 2008 crisis. So this is just the start and each rise in the gold price adds considerable value now and profit when the mining starts.

[book5] 24/3/2020 13:49

hxxps://www.cnbcafrica.com/news/2020/03/23/breaking-nationwide-lockdown-announced-in-south-africa/

[2toptrader] 24/3/2020 13:25

888 - the gold started the move yest after the US Fed announced QE infinity, printing money like there's no tomorrow. This will only push the gold higher. I reckon the rise should be more sustainable this time after the gold sell off with the rest of the market during this corona mayhem. Gold coming back in fashion.

[888icb] 24/3/2020 13:03

It’s good to talk but I agree not many people on this bb and all the chat is on LSE bb. Starting to move since noon as gold gets going again. Gold was up early on quite strongly then had a sharp dip but is now up 115 at 1666. CNR has moved on this second gold rise to 27p on volume of 204000. It will be interesting to see what the Dow does today as all Asian and European markets are showing good gains today so far.

[2toptrader] 24/3/2020 10:27

Back in here as well. The only way is up with gold.888 u still talking too much.

[888icb] 24/3/2020 08:31

A good start to the day as the market moves up. 2 buys so far both at 26p.

[888icb] 23/3/2020 18:07

Ended the day Up 6.5% at 24.5p on volume of 118000. The last trade of the day was a buy at 25p and gold has continued to rise and is currently 1558

[888icb] 23/3/2020 15:33

As gold starts to move up again now 1544 we have moved into positive territory at 23.5p having been negative earlier on volume of just 86000. The most recent trade was a 10000 buy at 24.2p

[888icb] 23/3/2020 10:36

We are not talking about small punters it’s the big boys who are selling gold because they need cash we they can’t get easily from other assets.

[zangdook] 23/3/2020 05:17

Do punters raising cash really have that much effect on the PoG?

[888icb] 23/3/2020 01:11

Interesting video link on the other bb to a guy talking about gold and silver. He says at the moment people are selling gold because they are desperate for cash to meet margin calls etc and gold is the only way they can raise cash. Once that phase is over the buyers will come in and the gold price will rise as it did in 2008 to much higher levels. This will be good for Condor.

[book5] 20/3/2020 19:18

gold cant bit the USA $, but doing ok against sterling

[888icb] 20/3/2020 15:02

Moving in the right direction today UP 9.5% at 23p. Gold only slightly up.

[888icb] 19/3/2020 15:08

Essentially it’s coming down with the market. Because many people seem to have been selling everything to get cash they have also sold gold, which you would not expect. Gold had touched 1700 but is now just below 1500. Condor has fallen today on low volume of 44000. It is disappointing as gold should be seen as a safe haven at times like this but Condor should bounce back quickly when markets stabilise.

[fsawatcher] 19/3/2020 14:47

sub 20p again soon wot happened with the 35p top off? why'd it rise in first place?

[book5] 18/3/2020 21:21

local population, if they get sick , would they tend to sell more land? Opportunity for cnr

[888icb] 18/3/2020 15:39

If you are referring to Hochschild mines in Peru then that is not relevant to Nicaragua and their mines in Argentina continue to operate. In any event as we are not currently mining there is no possible immediate impact on Condor. I also believe that the Peruvian mines are underground whereas ours will be open pit. Hopefully this virus crisis will be over when we are ready to mine.

[book5] 18/3/2020 14:50

Hoc Mine closed

[888icb] 18/3/2020 12:27

Low volume of just 42000 but nice to see a 5000 buy at 26p. Gold having come down in early trading is now heading up again.