Condor Gold Share Discussion Threads

[dexdringle] 13/12/2023 16:49

They wouldn't.

[oldiegoldie] 13/12/2023 16:21

But why oh why should somebody pay 1£ for the asset if he can have the whole debt-free company including this and further assets for 18p?

[888icb] 13/12/2023 15:54

The whole reason for the asset sale is that the share price is completely disconnected to the value of the assets and has been for years. The current share price is essentially irrelevant and saying the assets cannot be worth £1 per share just because the share price is currently 18p is not a rational argument.

[oldiegoldie] 13/12/2023 13:38

Share Goes from all-time-low to 18p based on thin air and 888 dreams about 1GBP again within a few days. Reality amusing.
Breakout Nr 2876 and it will again go nowhere. Sad guys that but now at 18p, they will sit on a 30% loss in a few weeks

[dexdringle] 13/12/2023 13:05

Yes, you'd definitely pay £1 a share for a basket case business that's trading at 15p 🙄

[888icb] 13/12/2023 12:59

I just reposted this on lse:
“ ValuationToday 12:39
We are pretty much in the position we were last December with the shares issued at 15p as the sale process was announced. I just looked at a post I did on 1st December last year which includes Condor’s valuation. It is as relevant today as it was then but more so because then higher gold prices were being talked about, whereas now it is a proven reality.

“ The valuations that are being suggested are not the figures I would be using if I were Hannon. They should be presenting the big picture not just what is being presented in the BFS which is on a relatively small part of the total assets in order to keep the initial costs down and then expand on cash flow. A big miner will not have those constraints and could fund a bigger operation from day 1. Let’s also remember that other drilling has been done which supports the view regularly stated by Mark that this is a 5 million oz+ gold district. This potential has to have a significant value attached to it. Let’s look at something Condor published last year:

“ On 25 October 2021 Condor announced the filing of a Preliminary Economic Assessment Technical Report (“PEA”) for its La India Project, Nicaragua on SEDAR hxxps://www.sedar.com. The highlight of the technical study is a post-tax, post upfront capital expenditure NPV of US$418 million, with an IRR of 54% and 12 month pay-back period, assuming a US$1,700 per oz gold price, with average annual production of 150,000 oz gold per annum for the initial 9 years of gold production. The open pit mine schedules have been optimised from designed pits, bringing higher grade gold forward resulting in average annual production of 157,000 oz gold in the first 2 years from open pit material and underground mining funded out of cashflow”

That just relates to La India Project so 150000 ozs per annum for 9 years is 1.35 Million ozs at $1700 . The total value of the gold mined would be US$2.295 BILLION and of course many people believe gold will be much higher than $1700. If we say the costs to mine it are 50% of that the profit would be US$1.147 BILLION. If there are 5 million ozs multiply the profit by 3.7 to get to a profit of US$4.25 BILLION.

Hannon should be able to convince buyers £1 per share is a reasonable starting price for bids when the ultimate profit will be so high. £1 per share would require a bid of £159 million based on the present shares in issue.”

More shares in issue now but arguably the valuation should be higher because of the gold price and as we all know as the gold price rises it has an exponential effect on profits.”

[diggybee] 13/12/2023 12:51

Come on 888. Let's go

[book5] 13/12/2023 12:25

From memory, JM will break even around 22p-23p
Calibre shares are having a difficult period
Imho 22-23p is possible, and insiders have been recently buying
But as usual, there are risks: Villagers. They have not heard anything about the coop land, which is not ideal

[dexdringle] 13/12/2023 11:55

Surely the price is now such that a buyer for the assets may as well launch a takeover bid for the whole shebang.

They would get not just La India but the other prospects as well. And a $6 million incomplete sag mill paperweight chucked in for good measure.

I reckon 30p would buy the lot as most shareholders are sick to death of the whole thing and just want rid.

[888icb] 13/12/2023 08:59

CNR nearly top of the Leaderboard Up 13% on volume of 846000. Clearly all the shares being taken at 15p are confident that this is going considerably higher. Properly funded to get the sale over the line at a price that reflects the value of the gold in the ground.

[book5] 12/12/2023 07:51

Rns out, new shares sold to raise cash.
.
MC has not taken part.

For the first time in years, other directors bought a few shares. This is an indication this can sell for at least 15p per share.

Probably, they will need additional cash to buy the rest of the land.

Have new warrants been issued?

[harden1] 11/12/2023 07:07

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[book5] 11/12/2023 07:07

Example of Russia’s influence, yet majority of Nicaraguan commerce is with the USA, for now…..

[zangdook] 09/12/2023 11:00

I occasionally check what filtered people say - for example if someone replies to them and I want to see the context. It's easy to do - click on the name and then on 'view posts'.

But without exception what I see confirms that the decision to filter was correct.

[dexdringle] 09/12/2023 09:56

Dont worry, she / he / it is most definitely filtered and won't be unfiltered 🤣

I haven't yet filtered 888 as I still find his blind optimism (in the face of overwhelmingly negative odds) mildly amusing!

[oldiegoldie] 08/12/2023 23:01

Dex, don’t fall in the „I filter you but I still reply“ trap :-))
This is the speciality of 888 and redprince.

[dexdringle] 08/12/2023 21:32

Septblues, I usually try not filter people - but for you I'm going to make an exception.

[septblues] 08/12/2023 18:06

that image above has no authenticity because the person clearly has not been anywhere near surface rights in his life nor has experience of mining as evidenced by manicured nails, Carnaby Shirts etc.

[dexdringle] 08/12/2023 13:33

....not if you have absolute registered title they don't.

[septblues] 08/12/2023 09:37

Property law is a huge part of legal fees in the UK too as property developers, farmers, utilities, land owners and councils and government squabble over land

[oldiegoldie] 07/12/2023 10:17

There is unclarity about non-issues only.
All issues are clear.

[dexdringle] 07/12/2023 08:20

What ? You mean there might be an unclear situation regarding some land ? Blimey, who'd have thought it...

[book5] 07/12/2023 07:07

Judges may dismiss his case, but I heard a former landowner is still fighting with CNR on the land sale agreement interpretation to access his family's former land.
A pebble in CNR’s shoe.
Gla