Condor Gold Share Discussion Threads

[sharenotes] 06/4/2023 15:42

Zangdook,

To oversimplify things by way of making a point, there is too much emphasis on ‘playing the man and not the ball.’ What do I mean? Well, the ‘man’ is a loose reference to the BOD, senior management and so on and the ‘ball’ is how the markets work (they and not independent variables, but I am not going to unpack this here).

Unlike classical ball dynamics however, the rule set or governing laws change with time regarding the markets. I will give you an example where I was completely wrong footed. Prior to the last election in the USA I took ‘strategicR17; trading/investment positions that did not perform well, to put it mildly! I simply had not factored in the level to which the ‘senior management’ of the central banks and governments around the world would flood the markets with ‘created money.’ Now I could have taken the position that central bankers, government officials and so on are incompetent fools and found a group that would listen to my moans and groans or, as I did, spend all my cognitive energies on how the ‘rules’ have changed. This was not an overnight adjustment but took a number of months to get a handle on. You may well say “this has nothing to do with CNR.” I can see this is a reasonable position to take when your focus is on ‘company to company,’ but that is where, fundamentally, we will differ. It’s not that I am right and you are wrong, far from it. In any event, it’s time to move on and as I have said before, I wish you well and best of luck.

PS I was responding to your non-edited statement, although it doesn't really affect the above.

[connect5] 06/4/2023 15:37

30p sure seems to be a tough nut to crack. GLA.

[zangdook] 06/4/2023 14:26

eh?
I'm not attracted to AIM.

[sharenotes] 06/4/2023 14:07

Zangdook,

You make very reasonable points, but you still don’t get it do you? If you were attracted to AIM to make money then there have been opportunities here to make said money, period. I truly wish you well on your crusade – best of luck.

[diggybee] 06/4/2023 07:53

They say there is gold, statisticallyAlthough we don't own the land, realisticallyYet we have a rusty mill But our management are shillsSo where are we left, holistically?

[book5] 05/4/2023 19:36

Connect

Not entirely through ur own fault

In comparison with many aim listed companies cnr has not done too badly, at least so far. You could have done much worse than investing in cnr, I have suffered a bad example with black dragon gold. A gold explorer company in north Spain with very high grades and largest gold reserve in Western Europe since Roman times, but apparently suffering from environmental concerns , fortunately in that one I only have a small bet.

Expensive lessons for me: Aim (where problems are hidden from investors), and potential rich mines on protected environments are minefields.

I know of one case in Armenia where a mine in construction phase was closed down by the government, the cause , from memory, something to do with water and …

I know of another mine in Brasil that was closed down during the tunnelling due water ingress, we almost lost all our bet on that one, I run away before it went bankrupt.

I know of another company (Katanga) where shareholders were wiped out bcs the cobalt and copper had radioactive traces on it! Shocking if u consider Glencore was involved, and mine had been in production for years. we lost all our bet in this one.

So there are examples that show that risks are always there in all phases during the life of a mine.

Eua is another example,I am positive it will disappear after reaching one billion market cap, that one could well end up being the largest fraud/spin in aim, ie nothing to do with environmental concerns but with low grades and very deep in the ground reserves

Lessons be prudent to diversify, don’t be too greedy, or too afraid of cutting losses and run

Best of luck

[connect5] 05/4/2023 18:19

Good post cegamer I am equally frustrated and have stated so as well as being significantly down on my investment through my own fault. I sincerely hope that we have turned the corner in a positive way for all investors. GLA.

[corrientes1] 05/4/2023 17:22

I always hope to be proved wrong when I see an investment performing poorly, but sadly so far in this particular case, I'm not.

In term of results over a lengthy period, All the INTELLIGENT chatter here has proven to be no better than the 'mindless rubbish', but that's simply a reflection of the incompetence of the directors. Don't know whether this long-running state of affairs is simply bad luck or a deliberate policy to keep the salaries rolling in.

[cegamer] 05/4/2023 17:03

The sentiment between here and LSE has literally switcharoo'd.

ADVFN was the place for constructive and informative discussion. Got to say, Corri and Zan, you do massively drag down the quality of the chatter here with mindless, non-contributing negativity. I have my off day, don't get me wrong. But you guys must live for the misery!

I'm happy with our current trajectory.
I'm almost certain we're looking at over 225m.
I'm ALSO certain that the 2 negative Nellies on this board, are spewing hot air.

[corrientes1] 05/4/2023 14:25

I expect the boss has gone skiing. After all he's got to do something to pass the time of day, while the pretence of a sale, beneficial to most shareholders, continues.

[sharenotes] 05/4/2023 12:39

zangdook,

I concede that ‘weird’ is not the best choice of word to describe the attributes associated with survival, but when observed in a public theatre and millions are at stake, it doesn’t always resonate with normal experiences. I am in no way making excuses for such behaviour; it’s just that I have seen it manifest in many forms.

Unless you are a unique individual, I assume you were attracted to AIM to make money? Along the way, you may have been influenced by a sales pitch or two and paid a heavy price. If not, then you are very fortunate indeed. Notwithstanding, I don’t really have a dog in this fight and if your are making money on AIM then you are in quite rarefied company – if you are making significant amounts then you are truly an outlier. Statistically, these are the facts and moaning about this and that won’t change things in that regard. Here’s to a good day.

[zangdook] 05/4/2023 11:18

sharenotes - The point is not about ooh, AIM is dodgy, weird stuff happens. It's very specific to this company. The CEO is a serial liar and bungler, and the Chairman has a track record of running companies into the ground or, where by a miracle that doesn't happen, diverting the proceeds to his next adventure. But as I say, if you think discussing this is merely clouding the view with "negativity", by all means count the gold in the ground and rub your little hands together in anticipation.

[corrientes1] 05/4/2023 10:26

and of course combined with some local issues and no mining operation after all this time, I rest my case.

[corrientes1] 05/4/2023 10:20

Maybe, but all the time US sanctions are in place in this particular country, the dark cloud will remain.

[888icb] 05/4/2023 10:14

Most mining gold or otherwise takes place in countries that have very dubious politics and corruption. Nicaragua is nowhere near being the worst jurisdiction. Just look at how Calibre is performing post sanctions. The reality suggests your concerns are not a big issue.

[corrientes1] 05/4/2023 09:52

A bull market would have major benefits for CNR, but we're talking about Nicaragua which is a basket case. Sadly the company will never achieve the valuation it deserves unless a certain president pops his clogs. That usually brings about regime change, but presently there's no indication of anything happening on that front. I hope I'm wrong.

[888icb] 05/4/2023 08:44

Good Start Up 1.8% at 28.25p.Gold continues to rise following yesterday’s surge and is currently 2027. The next gold bull run appears to be underway which has major benefits for the valuation of Condor’s gold. The offers should be getting higher by the day as the highest figures CNR has illustrated were based on 2000.

[book5] 05/4/2023 07:48

The FS , and Nicaraguan peer valuations are the best set of numbers to value cnr. Peers’ share prices have also recently been doing well (calibre, Mako), which should help in any potential paper swap.

Wisely the FS does not rely on la Mestiza as we may loose it (or a chunk of it) to get all la india land

Imho Our bargaining power with potential buyers is low due sanctions (we could not get finance to build the mine ourselves ) and proximity to the village (we don’t know how this risk is perceived by buyers)

Apparently miners got their permit extended to keep mining in La Mestiza to around June, this must be significative. Imho the reason for this is that according to the Nicaraguan law cnr must allocate 1% of their land to artisanal mining, also the threat of protests did the trick to get the extension. This is good as it allows to go ahead with the selling process without any public protest.

Silence in the village, and busy Twitter account

Gla

[pugugly] 04/4/2023 16:23

Then stop tweeting - Get your finger out and start digging - milling - and smelting. Or are the offers to the downside?

[888icb] 04/4/2023 16:19

Condor Tweet this afternoon:
Condor Gold
@CondorGoldplc
·
2h
La India is a Tier 1 gold asset opportunity for many reasons. It has 5Moz potential and an M&I resource grade of 3.6 g/t AuEq, making $COG a gold company with one of the highest grades. Plus, the plant is construction ready with a 2,850tpd capacity SAG Mill already on site. $CNR

[888icb] 04/4/2023 16:15

Gold just surged to 2020. Imagine how much that increases the value of Condor’s gold!