Condor Gold Share Discussion Threads

[2020hindsight] 19/1/2023 22:49

Their twitter account is sinking to new depths. Unlike their mines.

httpx://twitter.com/CondorGoldplc/status/1616181420723945487

[888icb] 19/1/2023 15:31

CNR remains static while Gold continues to rise touching 1925 at one point yesterday. Currently 1920. An update on the sale and bids received is required to get this moving.

[888icb] 19/1/2023 15:28

CNR remains static while Gold continues to rise touching 1925 at one point yesterday. Currently 1920. An update on the sale and bids received is required to get this moving.

[book5] 18/1/2023 09:23

Apparently During 2023:
At least three more people have been made redundant
Notices to evacuate have been given to the few miners left working in the former land of Dña Cristina, and from some areas of la Mestiza
Gla

[zangdook] 18/1/2023 08:57

sufficiently funded for what, I wonder? A for sale sign on a stick outside the office and maybe a secretary to write begging letters to imaginary buyers? £50k ought to do it and have some left over for expensive biscuits covered in chocolate all over.

[diggybee] 18/1/2023 08:03

Makes you groan with despair. A month later and that is the big news on their twitter account!!

[diggybee] 18/1/2023 08:02

The big news right now for Condor is the open offer (rights issue), £3.3 million fundraise and sales process.We're aiming to sell our assets and this financing lets us enter a sale phase sufficiently funded:

[dexdringle] 16/1/2023 10:15

dogface3, are you Stanley Unwin ?

[dogface3] 15/1/2023 23:05

I was at the last agm and mark said 100m would seal the deal tomorrow morning so there’s no 101 -200 million The guy cannot sleep straight it’s all bent as a banana. Who sell in the middle of the best times for gold buys a mill and waste 16 yrs. please back handlers are being played

[book5] 14/1/2023 10:07

Probably MC’s words (there are offers btw 100 and 200. Million ) carry liability for those subscribers of shares at 15p. So corrientes they may need to pay back to latest subscribers if this goes bully up, but for such small company probably there will be no one prepare to do that.

On my view selling price: the floor is 15p (to avoid problems to MC and JM) , roof btw 27p , 38? I hope it would be more, but a for sale in the medium term I doubt it, I hope to be wrong
I hope for:
- micro production and cut all overheads above 40k per year (ie main administrative staff would need to be at Nicaraguans wages, and some part-timers in uk) but will need a good auditor
- then when sanctions go away we could try for full investment and production
Gla

[diggybee] 14/1/2023 01:17

He's a Gurkha remember. He might remove your head first with his kukri without you noticing and before you've reached for the sparklers and firecrackers.

[corrientes1] 13/1/2023 18:17

I prefer to believe what I see ; not what 'experts' postulate.

As I've said before, should I ever meet this CEO in the dark on a quiet corner, well it could well turn out to be a CNR version of Guy Fawkes night !

[sharenotes] 13/1/2023 17:52

Some who filled their boots with ‘15p’ shares have probably done some ‘Friday’ book-keeping – taken a 15% profit and looking forward to a great weekend. Meanwhile, if gold continues to rally (not a dead-cert, for sure), it won’t go unnoticed.

[corrientes1] 13/1/2023 16:51

How unexpected. Gold going up and CNR going down. Whoever would have thought it. Well actually anyone with a braincell maybe, which therefore excludes us lot.

[sharenotes] 13/1/2023 15:29

The precious metals’ markets are showing some strain – selling 'paper' gold, for example, is struggling to make the usual impact. This has to go beyond the ‘high-rollers’ – are mega-whales (sovereign countries)in play? As I type this, I am expecting the usual dramatic slam down but, for now at least, it’s not materialising. Here’s to it continuing!

[zangdook] 13/1/2023 10:31

was it the Jackson 5, that song that went abc, 123? that's what 888ICB reminds me of. A version for people who didn't quite manage to learn the alphabet.

[888icb] 13/1/2023 08:29

Gold has now gone above 1900.

[sharenotes] 12/1/2023 23:27

I hope you get a good return, coachsailor. It’s the old double R dilemma – Risk/Reward. In any event, gold’s spot price is not doing any harm!

[coachsailor] 12/1/2023 17:39

Yes [ it would have been great to have had additional warrants which you only had to pay for later if it worked out. I just had 5000 on the open offer and applied for an additional 15000 in the excess, which I had not expected to receive in full. Had to fork out up front for the full amount and was nervous it may not have gone the way we hoped. I did it on the basis that Jim would not have forked out his initial £1m if he did not expect to gain a return.

[sharenotes] 11/1/2023 15:36

…… I think I did mention that above – but you did not need to fork out a £1M for the privilege.

[888icb] 11/1/2023 15:26

I did increase my holding in the Open Offer but the advantage of the warrants is you don’t have to pay for them now. You just wait for them to go into profit when a sale is announced and take the uplift on 15p without having to pay out any money.

[sharenotes] 11/1/2023 14:14

888ICB,

You mention that it was annoying that shareholders did not have the same terms as Jim regarding the 2.5 x warrants. However, with the difference that a shareholder had to pay up front, opportunity was afforded to procure shares greater than the allocation at 15p. Indeed, it was possible to better the 2.5 multiplier in the Open Offer. I hope you did!

[888icb] 11/1/2023 12:40

It was incredibly bad luck for Condor that the Sleepy Joe electioneering sanctions coincided almost to the day with the BFS that should have moved us higher. It wasn’t foreseeable and nothing CNR could do about it. Clearly as the other gold companies in Nicaragua have shrugged off the sanctions which weren’t aimed at them anyway, the same should now apply to CNR. CNR should move back towards its pre sanctions share price as we await an update on the share price Calibre was Up 13% yesterday taking it above its share price when the sanctions were announced.
I agree with the view that Jim and Mark wouldn’t have gone down the asset sale route unless they were confident of a good outcome. I think Jim is very confident of a good outcome and seized an opportunity to increase his shareholding at a very low price. He used the CLN to set a low price for the fund raising which I think was too low and being greedy. It could have been at 20p or higher avoiding the need to mess with the share capital and bring the share price down to 15p. Jim is never one to miss a trick that’s to his advantage but he has been the main supporter of the company for many years and has provide most of that at much higher prices. We were all afforded the opportunity to buy at 15p to avoid dilution so if a good sale price is achieved the shareholders will not be disadvantaged. It’s just annoying that when other shareholders took up the 15p offer we didn’t the 2.5 x warrants that Jim got when he converted the CLN.
Let’s hope for an update very soon and that the share price starts to recover in anticipation and due to the strong gold price currently 1885.

[book5] 10/1/2023 19:19

anything "reactively" because we are waiting for others to offer something...we are a tin box company
what the anything" may include is the typical printing of millions of shares every quarter or so
lets hope that for a change we start generating some cash this quarter via a toll deal,
for the shake of my Isa's balance i hope one is coming soon