Condor Gold Share Discussion Threads

[888icb] 17/7/2022 23:44

I posted a very relevant post from Dictumdedicto on lse at the start of the weekend which has now had 10 recommendations on lse. Unfortunately this was not accepted by all and the usual derampers have decided to act accordingly and spam the bb with garbage so you don’t see the post. So here is the post again:
“ Keep a sense of perspective15 Jul 2022 14:19
Yes, I'm still baffled in ongoing the delay to the BFS, particularly the lack of explanation.

However, I'm also aware of the warrant hangover which should resolve itself very soon, and the fact that it's taken only a few hundred thousand shares to drop the price 10p. In other words these short term moves are just 'news blackout' fluctuations, as the market makers try and get people interested again. One solid progress based RNS and it will bounce back up. I'm also aware that when you've been in a share more than 10 years even delays of months are lost in the roundings. It's also Summer, which is usually a quiet period on trading and gold has taken nearly a $200 battering in recent weeks. Recession fears are pushing money into an already overvalued USD which is forcing (almost) everything else down. All these macro factors will be working against CNR as well as the micro news hiatus.

I do think MC is solid, although I also sense that he (unwisely) wants to please too much and often says things that raise expectations beyond where they should be. Perhaps this current news famine is a recognition of that. I don't see having 100% of the land as mission critical; I am sure that the project will continue with whatever we have. The fact that Jim Mellon remains a believer and that MC is still in and wants his own payday also gives me confidence that things will turn around.

In the meantime all we can do is grin and bear it. Without a compelling reason for the value of the company to continue to go down, it will plateau at some point (perhaps has already), subsequent to a piece of news which will provoke another wave of speculative buying. As for me I'm not really expecting anything until September, or even early October. Perhaps then we might even see publication of the BFS and something even more interesting, like a prospective buyerpartner.

Fingers crossed.”

[buywell2] 17/7/2022 04:27

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dyor

[zangdook] 17/7/2022 02:49

Mark Child is honest and brill
Buy some more DiggyBee, say you will
Derampers can blab
But the company's fab
Now it's time for my afternoon pill

[zangdook] 16/7/2022 23:22

"28p which was obviously better than 25p"

So the warrants are "obviously" worth less than 6p? You don't have much confidence in the company's prospects over the next three years, 888. If I didn't believe we had any chance of exceeding 41p before mid-2025 I'd probably sell out even at these levels.

[dexdringle] 16/7/2022 20:58

Ouch. You have my sympathy.

Hopefully, 888 will declare his holding, and average cost, so we can see the degree of his commitment.....

[diggybee] 16/7/2022 20:21

Still got a lot more than you Dex even after selling most. Mainly because I am what is known as a numpty. But if 888 could set his exuberance to rhyme, I might consider buying some back.

[888icb] 16/7/2022 17:42

Your statement that if the warrants are not exercised they expired on Friday is correct.
It does not follow that a real financing issue going forward has been created going forward. They just raised at 28p which was obviously better than 25p. Once the BFS is issued funds should be able to be raised at a much higher price or preferably we will be sold at a much higher price that reflects the value of our gold in the ground.

[dexdringle] 16/7/2022 17:37

Maybe it would be useful for each of us to declare our positions so we can give weight to opinions and see how much skin each of us has in the game ?

I'll start. 90,000 shares at an average 49p.

[bahamasoil] 16/7/2022 12:09

888> Am I incorrect in my statement#8211?

[888icb] 16/7/2022 12:01

The infantile deramping drivel is apparently fun to read!
The delusion knows no bounds and I hope you have an amusing weekend together.

[zangdook] 16/7/2022 11:39

"I don't see having 100% of the land as mission critical"

Unfortunately the Nicaraguan government does, and even if they didn't the location of the missing piece of land makes the project unviable.

"I do think MC is solid, although I also sense that he (unwisely) wants to please too much and often says things that raise expectations beyond where they should be."

Long-winded way of calling him a liar.

That post is no better than the most flippant of ours, and much less fun to read.

[bahamasoil] 16/7/2022 10:59

I thought that warrants not exercised are automatically cancelled, so that there is no warrant hangover but a real financing issue going forward.

Happy to be corrected if I am wrong.

[dexdringle] 16/7/2022 09:32

Yes, that has really cheered me up too.

So much so that I'm off out now to buy some magic beans....

[oldiegoldie] 16/7/2022 09:25

Ah, thanks for the unfounded positivity which will help me over the weekend.

[888icb] 16/7/2022 09:09

Meanwhile away from the infantile posting on this bb Dictumdedicto has posted on lse:
“ Keep a sense of perspective15 Jul 2022 14:19
Yes, I'm still baffled in ongoing the delay to the BFS, particularly the lack of explanation.

However, I'm also aware of the warrant hangover which should resolve itself very soon, and the fact that it's taken only a few hundred thousand shares to drop the price 10p. In other words these short term moves are just 'news blackout' fluctuations, as the market makers try and get people interested again. One solid progress based RNS and it will bounce back up. I'm also aware that when you've been in a share more than 10 years even delays of months are lost in the roundings. It's also Summer, which is usually a quiet period on trading and gold has taken nearly a $200 battering in recent weeks. Recession fears are pushing money into an already overvalued USD which is forcing (almost) everything else down. All these macro factors will be working against CNR as well as the micro news hiatus.

I do think MC is solid, although I also sense that he (unwisely) wants to please too much and often says things that raise expectations beyond where they should be. Perhaps this current news famine is a recognition of that. I don't see having 100% of the land as mission critical; I am sure that the project will continue with whatever we have. The fact that Jim Mellon remains a believer and that MC is still in and wants his own payday also gives me confidence that things will turn around.

In the meantime all we can do is grin and bear it. Without a compelling reason for the value of the company to continue to go down, it will plateau at some point (perhaps has already), subsequent to a piece of news which will provoke another wave of speculative buying. As for me I'm not really expecting anything until September, or even early October. Perhaps then we might even see publication of the BFS and something even more interesting, like a prospective buyerpartner.

Fingers crossed.”

[zangdook] 15/7/2022 13:15

Unfortunately we can't buy a plant yet as we don't have all the land.

[diggybee] 15/7/2022 12:58

We could me moving into the department store business. Wonder if we will ever set up a condor estate agent. In June, the Condor social team facilitated the first business fair in La India, in partnership with MEFCCA, in which 23 businesses participated and offered, among other things, food, clothing, cosmetics and plants

[zangdook] 15/7/2022 12:22

If this goes on we'll be trading below par value and MC will have to tie his willy in a knot before he can issue more shares.

[diggybee] 15/7/2022 05:18

MC is Brian, a very naughty boy, but also possibly the messiah if you are 888. JM obviously Judith. Isle of Man is pretty much Wales really. We are the Judean Peoples Front. Or possibly the Peoples Front of Judea?

[dogface3] 14/7/2022 21:22

Lol sometime ago mark had a grin on the face in a video about how high golds going 2.5 -3 who knows well for a number crunching analyst he sure tucked that call up. Now the mans gone to ground and completely disrespecting the people who but him there with there money. Mark needs to see the minister of BS for the exit door ready

[q2g] 14/7/2022 19:45

The main man is loving this. In any way he chooses, he can now turn the blame to the dire gold market for this fiasco, rather than on the substance, which never really goes anywhere.

[book5] 14/7/2022 18:45

Imho , most probably all is about the land
Nothing much has changed from my previous reports