Condor Gold Share Discussion Threads

[888icb] 30/1/2024 11:47

The Gold Market background to CNR sale process
It is useful to look at the Gold Market generally to understand the issues faced by CNR in the sales process it is currently conducting. Yesterday I watched a Kitco interview with our former shareholder Ross Beatty at the Vancouver Metals conference a couple of days ago. Ross Beatty as many will be aware is a legendary successful investor in the commodities business particularly in Gold. He is currently building his swan song large gold company Equinox Gold, which is just completing a very large project in Canada which will bring its target of 1 million ozs of gold per year ever closer.

Ross spoke about the total disconnect between the price of Physical Gold which has been rising to new highs but this has not been accompanied by a rise in gold equities from the largest to the smallest.

He described the disconnect that had seen equities fall as gold had risen , make the price of equities ridiculously low. He said he had seen nothing like the last 15 months in his 40 years in gold mining. He thinks that is going to change in 2024. Deals will start to be done and the whole gold sector will rise. The rises will in a number of cases be 100% and more and will be rapid when the time comes. The rises will be across the board but the largest will be in the juniors including the early stage ones that haven’t started mining yet.

It would appear that CNR are moving to the phase of concluding a deal at an opportune moment which just wasn’t there year. When this sale process started it was billed as an asset sale because there was a complete disconnect between the share price and the value of our gold as valued by established industry metrics. This situation has been and remains the situation for all gold companies and is not CNR specific. This gives me increased confidence that CNR will be sold in the coming months at a good valuation which will be multiples of its current share price. This is the link to the Ross Beatty interview:
hxxps://youtu.be/OT66D031p_g?si=DTd7ZhXWbH7AHBMF

[dexdringle] 27/1/2024 15:28

Perhaps Klaus Schwab owns the mystery 0.4% of the land 🤔

Maybe even Klaus Schwab and Jim Mellon are the same person. You never see them together......ԍ15;

[oldiegoldie] 27/1/2024 15:00

“You will own nothing and you will be happy”
Jim Mellon

[dexdringle] 27/1/2024 13:51

Luckily, it was only 99.6% of his life savings he donated so all is good...

[oldiegoldie] 27/1/2024 12:46

It’s hard to admit to yourself that you made a mistake.
As long as your wife does not understand you donated you life savings to the Gurkha pensioners association, you should still survive

[redprince] 27/1/2024 12:01

dogface3 aka slimshady on the red channel now added to the filtered list.People like him spam bb's with their never ending negative drivel - what a joy he must be to be around - not.

Who wants to listen to someone who turns up to an agm inebriated and then gets thrown out.

Take some responsibility for your own actions fella and get a life.

[pugugly] 27/1/2024 07:18

Or to quote a very old stock market saying "For every tip there is a tat"

[zangdook] 27/1/2024 06:29

They're onto 888!

[oldiegoldie] 27/1/2024 06:26

I got this email from Interactive Brokers today and I thought I better share it with you, as some are unaware ( 😉) of this:

ear Client,

We are writing to you to let you know that global regulators and law enforcement agencies have noted an increasing trend where investors are being targeted by scammers trying to manipulate unwary investors into purchasing stock in certain companies which ultimately result in profits for the scammer and large losses for the investor. These scams are often perpetrated via social media. The scammers work to establish a relationship of trust (sometimes under the pretext of friendship or romance, or a claim that they are a famous investment advisor) and may encourage the investor to join an investment group on a social media platform or chat app, where investment advice is disseminated. The scammers then tell the investor to purchase shares in specific companies at inflated prices based on some non-public information or connection that the scammer claims to have with the company or its management. Typically, the scammers encourage investors to purchase thinly traded stocks with low market capitalization (including “penny” stocks), which are easier for the scammers to manipulate and profit at the expense of the investor. Once the investors follow the scammer’s instructions and inadvertently push up the price of the stock by buying shares, the scammer can then sell their own large holdings which can then dramatically reduce the price of the company’s shares. This type of scam is known as a pump-and-dump or ramp-and-dump scam. This can result in large losses for the investors.

FINRA recently explained this trend in an Investor Alert titled, "Social Media ‘Investment Group’ Imposter Scams on the Rise," available here.

We encourage you to please take the time to read and understand the following key points:

Be skeptical
In the virtual world, fraudsters can easily disguise themselves. Be skeptical of the identities of anyone you meet online, particularly if they claim to be an investment advisor or celebrity. Be especially vigilant when offered unsolicited investment advice by online “friends.̶1;
Pay attention to warning signs
Below are some red flags that may be signs of a scam, including ramp-and-dump scams:
Unsolicited investment advice.
Substantial share price increase without positive news about the company.
Suggestions to purchase small cap stock with low liquidity, especially if many of the shares are held by a small group.
Your online “friend” asks you to send a screenshot of your trading record.
Do your homework
Many of the stocks recommended by the operators of these scams were overvalued and there was no obvious justification for their prices to surge. Investors are strongly advised to do their own homework on a company before investing in it, or seek independent advice from licensed investment advisors.
Be wary of investments that sound too good to be true
If an investment sounds too good to be true, it often is. Remember that there is no such thing as a low-risk investment with high guaranteed returns—a claim frequently used by fraudsters to entice unwary investors by manipulating their fear of missing an opportunity.

Please also remember that Interactive Brokers does not provide investment advice. Be wary of anyone stating otherwise.
Interactive Brokers
Interactive Brokers Ireland Limited is regulated by the Central Bank of Ireland (CBI) and is a member of the Irish Investor Compensation Scheme (ICS).

[book5] 24/1/2024 13:17

Close to 22p again
There is gold in the hills.

[888icb] 23/1/2024 22:21

CNR Up 6.3% and Calibre Up 5.8%. Perhaps we can return to plan A and sell to Calibre which has always been the most obvious and sensible course of action.

[oldiegoldie] 23/1/2024 19:18

99,6% of the land and 99,6% of all production means results in only 99,6% of revenues, as you will easily understand.
So, you have to live with 0,4% less gains: instead of 10 million £ you will only make 9,96 M£. Easy math!

[dexdringle] 23/1/2024 18:48

Ahhh, yes, OG you are quite right. 99.6 and 100 are exactly the same thing. I don't know what I was thinking 🤣

[oldiegoldie] 23/1/2024 17:56

Having only 99,6% of the parts is a non-issue

[dexdringle] 23/1/2024 16:53

"Has Jim found the screwdriver to assemble the SAG mill?"

I'm sure if he does he'll then find he's only got 99.6% of the parts and the owner of the only available missing part lives in 'the village'......

[book5] 23/1/2024 13:33

No news from the village
Funny enough, a contact mentioned it will be sold unless the government takes it first.

[diggybee] 23/1/2024 09:57

Even the 888 Walter Mittys and their ilk have thrown in the towel of fantasy now it looks.

[diggybee] 23/1/2024 09:56

Unlikely. They are BFFs remember.

[zangdook] 23/1/2024 09:11

If I was Ortega I'd nationalise it and sell it to the Chinese. If Mark makes a fuss invite him to Managua for a chat and put the frighteners on him, or just push him out of a window.

[dogface3] 23/1/2024 09:02

Mid teens on route congratulations to onion the finance expert and Mellon I want more then it’s worth
Bend over the cucumber coming
Hanna need to put a end to the embarrassment one would think

[oldiegoldie] 22/1/2024 15:44

A nice opportunity to remember all the smart money that changed proprietor while being assigned to this share

40 years old but still pure gold:

[book5] 22/1/2024 15:35

Oh no!
Sub 20
No good

Calibre share price suffering below 1.2
Mako ok

Some in the Market know more than us