Condor Gold Share Discussion Threads

[bahamasoil] 22/6/2022 14:33

888 >>
Do you know if all mill components are in country and not subject to potential interference from the latest US sanctions?

[888icb] 22/6/2022 14:25

The comedy club of derampers are continuing to spam this bb with negativity and to bury anything that is actually about Condors current activities with very poor limericks.
So I will repost the most recent update for anyone actually interested in Condor:
“
"During the first quarter, we continued to make significant progress on advancing the Feasibility Study for the La India open pit and associated mine site infrastructure . All technical studies undertaken at the Project level are complete. We are currently reviewing the metallurgical test work, geotechnical analysis and capital cost estimates. Additionally, we received the results from the 8,004 m infill drill program at the fully permitted high-grade Mestiza open pit. Although not included in the scope of our forthcoming Feasibility Study, we expect Mestiza to provide an additional high-grade ore source for the La India mill.

Concurrently, we are finalizing our analysis of an updated Mineral Resource Estimate for La India Project, which is inclusive of a Mineral Reserve Estimate for the La India open pit. The geological model is consistent with our current best understanding. Lithologies, weathering and structures have been re-modelled from scratch with existing drilling, trenching and outcrops considered.

In summary, the La India open pit including the associated mine site infrastructure is essentially construction ready and materially de-risked. The plan is to add the two fully permitted high grade feeder pits of Mestiza and America to the mine plan during the construction phase. The Feasibility Study on La India open pit is almost complete, the formal announcement will probably take us into Q3. It will put the Company in a position to pursue various project financing alternatives, some of which have already been initiated."
Condors small drop on 3 trades and volume of 51000 is far less than that suffered by most of the gold and commodities sector, so nothing Condor specific at play today.

[dexdringle] 22/6/2022 13:39

Credit where it is due though. It has been a brilliant con. Absolutely text book.

They've even managed to expose themselves as shysters (the land, the BFS non materialisation, the fantasy Rio Tinto and copper rumours etc) and still keep the salaries (and biscuits) rolling.

How they must laugh......

[q2g] 22/6/2022 11:56

Ah well. Looks like the writing is on the wall for this lot.

You can't win 'em all.

Note to self ; do not invest in countries with dubious governments. Chances are you'll lose your shirt, but you would win your short if clever enough. LOL.

This rich gold seam might well prove a bonanza in time,, but unfortunately just not for CNR.

[connect5] 22/6/2022 11:26

I bought all the way up to £2 and all the way down to circa 20p, to bring my average to 52p. Should have bailed at break even, but after a decade in this mire I'd feel cheated to lose out. I want something to show for the sleeplessness nights, stress and worry and the time the money has been invested. All my fault, funnily I'm almost immune to it now. I must be like a punch drunk fighter.

[septblues] 22/6/2022 10:45

Condor market cap is £38m

Condor's value is ?

[connect5] 22/6/2022 09:19

How long have you been in this quagmire DiggyBee along with many others?

[diggybee] 22/6/2022 08:35

It needs to get near a quid on the balance to break even. Anyway, a couple pounds in the pocket right now for me worth more than unimaginable amounts of gold in the ground in Nicaragua. Let's hope I've rung the bell at the bottom.

[diggybee] 22/6/2022 08:33

Bit more as it turns out. Yes I know, delusional.

[zangdook] 22/6/2022 03:29

You held 1.5%? 😲

[diggybee] 22/6/2022 02:13

Might bounce here. I've sold about 1.5% of the company down since the 37p recent level. A loss for me but thankfully not irredeemable. Will keep the little rump and see what it does. Better fish to fry. I hope it bounces a bit but I don't have access to the 888 kool aid. Not much seems to be going right from geopolitics to land to MC suitability and commitment. I really think he should have stumped up far more in the recent cap raising.

[book5] 21/6/2022 21:54

Miners already have their land and are happy with it.
In my view we either get all the land at the India or we will be forced sell in an auction.
Anybody, included the government, wants cnr land for a song, I am concerned what their intentions are. This is dragging for too long.
We will be lucky if have the BFS by mid August, and it will probably depend on achieving first a land swap agreement (the give us their land at la india for some of our hectares at la mestiza)
Some time ago I said I would not buy any more shares till the land is resolved. There will be plenty of time to buy as the mine is built.

Right now It looks very cheap, I would not advise to sell at this level, may be it is a good entry point. I am not sure though. There are risks, so don’t put too much money here, listen to MC’s recent cash purchases, very poor even with free warrants.

[q2g] 21/6/2022 18:48

If the price is cheap enough, maybe the miners can get a loan from the government, buy the land back from CNR for a song, who can then subcontract to the miners. LOL.

[zangdook] 21/6/2022 15:00

"If you have it within your power to obtain all the land it is reasonable to say you have all the land as for all practical purposes you do have the land."

1. That's really not how public company announcements work. You tell the truth, you don't present possible future outcomes as having been already achieved, however confident you are that they will be achieved at some future date.

2. If it were reasonable to say you have all the land, why would you then turn around and say you only have 99% or whatever? There's a contradiction, and if you don't acknowledge and explain it something is badly wrong. You will lose trust.

3. I suppose if you know it's in your power to complete the BFS one day, it's reasonable to say it'll be ready in two weeks even if you know it'll take several months and require another fundraising to complete it? But then when you announce the fundraising, if you absolutely fail to acknowledge the existence of a glaring contradiction with previous announcements about the BFS, its funding and timescale, something is badly wrong. You will lose trust.

If he doesn't have psychological issues, he's just a crook. I hope it's the former.

[septblues] 21/6/2022 14:55

ADVFN - is - the home of the private investor

which is why you don't get institutional or professional's comments here

[diggybee] 21/6/2022 14:41

888 why do you think mark never puts in more than a token amount when the cash raising hat gets passed around?

[888icb] 21/6/2022 14:38

A potential buyer or financier will be told all those things as part of due diligence but it will be confidential. The problem that you are pretending not to see( I am giving you the benefit of the doubt) is that telling shareholders puts it in the public domain.
A buyer will probably accept that Condor can buy all the land as they will have legal opinion to confirm that is the case. If you have it within your power to obtain all the land it is reasonable to say you have all the land as for all practical purposes you do have the land. I offer this as a plausible explanation because I think Mark does know what he is doing and to suggest he has psychological issues is inappropriate and defamatory. Also remember that his fellow Director and largest shareholder is Jim Mellon who does have a long record of buying and selling commodity companies. His long term partner in commodities was Steve Dattels who was a very experienced gold miner with one of the world’s largest gold companies.

[zangdook] 21/6/2022 13:49

Perhaps 888 is Claris Benedicta

[zangdook] 21/6/2022 13:22

888

You still haven't come up with an explanation why the BFS was on the verge of completion in March and requires £3m in June. A simple acknowledgement that timescales have slipped is not "contrary to the best interests of the company and the shareholders", yet it seems to be beyond the intelligence of Child to see that not only is it required but it's extremely discourteous to shareholders to pretend there has been no slippage.

As for the land purchases, if he had consistently acknowledged that we don't yet have all the land, there would be little to complain about. Instead he has repeatedly claimed that we do have all the land, only to turn around and admit, without any acknowledgement of the apparent contradiction, that we don't have it all.

The only thing to be read "between the lines" is that the man has psychological issues which make him quite unfit for his position.

Do you think a potential buyer of the company, or a collaborator on toll mining, or a financier, won't see these things?