Condor Gold Share Discussion Threads

[zangdook] 17/3/2023 16:03

Poll:

At Master Investor, will the CNR stand be
a) MC lying about how well the sale process is going, or
b) Jimbo explaining how he's redirecting the cash from asset sales into some horrible life sciences startup

[farrugia] 17/3/2023 15:44

Condor Gold at the Master Investor Show on 15 April 2023

[zangdook] 17/3/2023 08:24

according to the company he has 20.18% so he has a bit of headroom, though not necessarily enough to exercise everything. If he actually wants to exercise his 50p warrants he may need your help. Let's hope.

[bahamasoil] 17/3/2023 08:10

JM owns 29.9% or thereabouts plus he will have accrued additional options at higher prices over the years that have not been exercised.
If he is to avoid owning more than the limit whereby he has to bid for the company, he will have to use a flunky to exercise his options and juggle his holdings. If I am right, I put myself forward to be his compliant flunky.

Maybe the only way I am going to recover my investment ;-)

[book5] 17/3/2023 05:45

China is investing in nicaragua


Probably there is a political components of China investing in Nicaragua , it could help us

[oldiegoldie] 16/3/2023 21:21

888 and the other rampers are just invoicing each of their postings, understandable they keep a positive attitude then

[zangdook] 16/3/2023 20:41

888 probably believes we have all the land and we're going to be mining it ourselves and we have the full backing of the government and the local community.

[corrientes1] 16/3/2023 19:41

So anybody who doesn't take the happy pill is a deramper ?

A look at the 3+ years' share price graph suggests the number of 'ignorant' derampers, who have preferred to look at reality outside the box, have greatly exceeded those 'realists' who still believe in Santa Clause.

We'll see.

[888icb] 16/3/2023 18:51

An interesting post on lse this morning from Dictumdedicto who has commented on CNR over many years:
“ I’ve rationalised my thoughts on valuations based on market prices of in the ground resource. Somewhere around the 65p mark in share price terms. But I now think the game has changed.

We have robust interest in the assets.

The price of gold is on the way up.

The jungle drums suggest that we should be thinking bigger, more in terms of the $400m NPV rather than $100 - $200m When MC suggested that we didn’t have the interest we now have.

There will indeed be value in the CNR shell once the assets are sold.

To cut a long story short, while I don’t think the share price will reach the value of the asset sale I do think that £1 asset value in equivalent share price terms will not be a million miles wide of the mark. With the latter in mind I’m also dubious about whether all the options and warrants will get exercised on the way up. This will be one of the factors holding the share price down and encouraging profit taking from traders.

In summary I’ve edged towards a far more optimistic view of the eventual outcome.”
It is a lot more sensible than the utter garbage still being spouted by the deramping tag team that has infested this bb for far too long.

[book5] 16/3/2023 12:38

Bring the share price to £1 and we would have an excellent sentiment.

We need to make managers accountable, perhaps that helps in the long term?

[sharenotes] 16/3/2023 12:26

………; and – drum roll – sentiment!

[book5] 16/3/2023 12:11

Bcs
1st all Nicaraguan miners have seen a sharp decline in their valuations as the risk for the country has increased with the sanctions
2nd bcs after two years plus we don’t know how much we will need to pay for the rest of the land
3rd bcs cacao drilling was not successful in increasing reserves. we should have drill much deeper (which is very expensive) probably in excess of 500m deep rather that 150m.
4th bcs during the last 3 years we multiplied the number of shares and warrants by a huge percentage to keep the lights on during all these delays.
5-it seems we are not shovel ready yet, and buyers have put conditions on us that we only suspect (land, buying back royalties to get a better price,….) so market is in the dark
6 bcs more shares may need to be issued any time, may be the recent boosting in the share price has that as short term objective

Wellcome to aim

Gla

[dexdringle] 16/3/2023 12:03

Condor were originally aiming for X amount of proven gold in the ground and the expectation was that this would result in a share price of £1+.

The gold reserves ARE proven as expected. So why is the share price only 25p ?

[sharenotes] 16/3/2023 10:40

I was expecting more of a fall today in the share price – the '3 day effect' is considered a ‘fundamental’ by some – let’s see what the share price is by close of play today.

[connect5] 16/3/2023 10:36

Albeit a chunky loss por moi.

[zangdook] 16/3/2023 10:27

40p would be a nice surprise.

[sharenotes] 16/3/2023 09:56

Well we can all rest easy now - Credit Suisse accepted a $54bn bailout from the Swiss central bank. In the grand scheme of things, chump change, no doubt?

[corrientes1] 16/3/2023 08:49

This company has emanated bad vibes for such a very long time, that I expect sentiment to continue to keep the share price lower than mining logic might suggest. These bad vibes have real substance behind them, so I do not expect this potential mining operation to yield its true commercial value. We can thank one particular board member for this state of affairs, though he's laughed all the way to the bank for years.

If I see 40pish, sadly I'll consider that a reasonable return in the circumstances, though as always I hope I'm wrong.

[zangdook] 16/3/2023 08:45

The problem is if they announce the sale in the same RNS as their plan to shift the company into life sciences. Ideally there will be a gap between the two to allow those of us who are not wearing rose-tinted specs to get out.

[oldiegoldie] 16/3/2023 08:41

Now we see the retail-investor driven Euphoria (without any fact-based reason), probably it will stay like that until the sale is done and then we drop again like a stone.
My advice would be to leave the „safe haven“ (to cite 888) as long as you still can.
Again, I am happy to assess this statement in 3-4 months from now

[888icb] 16/3/2023 08:04

CNR and Gold should be a safe haven in a time of market turbulence.

[the_sage1] 16/3/2023 05:58

I would expect something of a temporary pullback as the stock is extremely overbought on the RSI and folk who took those 15p placing shares recently must be tempted to sell for short term gain.

[diggybee] 16/3/2023 05:43

Still needs to double for most to get out without a loss.