Condor Gold Share Discussion Threads

[zangdook] 02/4/2024 15:23

They want to get 888's lunch money.

[oldiegoldie] 02/4/2024 15:19

Pump to 30 and then raise cash to pay the salaries for the coming months?

[book5] 02/4/2024 14:40

In not producers, there is always the risk of pumping to raise cash later
We shall see

[pugugly] 02/4/2024 14:11

Why buy - If the current attempt to sell CNR fails they could pick it up for nothing or if the licence fails to be renewed they are I think well connected to get a new licence for the territory. All (imo) so DYOR. No certainty either way.

[888icb] 02/4/2024 13:20

Calibre
I listened to an interview with a Calibre SVP recorded 4 days ago. During the interview he says how successful the Hub and Spoke approach had been in Nicaragua where they have been growing production at 28% per annum. He also mentioned that they have spare capacity to process an additional 1 million tons.

It would appear to be a complete no brainer for Calibre to buy CNR as they could start production almost immediately and it would get their Nicaraguan operations to their target of 500000 ozs per year in the next 12 to 18 months but making good money almost immediately at the current high gold price. I think we know where they should utilise the US$100 million facility they have just raised. They did so because it was a good opportunity that arose due to the current gold price and they have not stated a specific use for the money. Interesting times and personally I would be happy to take Calibre shares as I am seriously considering buying some anyway.

[888icb] 02/4/2024 13:10

Now Up 12% at 28p on volume of just 378000.

[book5] 02/4/2024 12:44

breaking up
may it continue

[smackeraim] 02/4/2024 12:11

Heading higher by look of things

[oldiegoldie] 31/3/2024 11:28

It funny that very often the same people that question anything said on BBC do not question anything said on a master investors conference

[dexdringle] 31/3/2024 10:29

Silly boys. Don't you know "we own all of the land...."

[book5] 31/3/2024 00:21

The question is, is that provision sufficient?

[sherwood58] 29/3/2024 22:02

Book, don't quote me on this as it's been a while since I looked at the numbers on the capex for the FS, but fairly sure land costs are built into the capex number.

[dexdringle] 29/3/2024 15:41

👏👏👏

[book5] 28/3/2024 13:38

Where is the RNS stating we own 100% of la India?
The BFS assumes we own La Inda
The BFS does not allow for la Mestiza
CNR could swap La Mestiza for La India tomorrow if it wanted, but we keep trying to get the coop’s land too cheaply,
Hopefully, things will change for the better soon

[dexdringle] 28/3/2024 13:04

....and to what value per share does all of the above equate ?

It's all totally pointless if it doesn't translate to a real value that someone is prepared to pay.

[888icb] 28/3/2024 12:44

No I didn’t miss out “hypothetical”. There is an accepted way of valuing gold in the ground in the BFS which is set out below taken from the RNS:
“ Highlights: Feasibility Study La India Open Pit only

The 2022 FS demonstrates a robust and economically viable base case for the La India open pit:

· Probable Mineral Reserve of 7.3Mt at 2.56g/t gold for 602,000 oz gold

· Production averages 81,545 oz gold per annum for the first 6 years of an 8.4 year mine life

· An Internal Rate of Return ("IRR") of 23% and a post tax, post upfront capital cost NPV of US$86.9 million using a discount rate of 5% and price of US$1,600 oz gold (Mineral Reserve Case).

· An Internal Rate of Return ("IRR") of 43% and a post tax, post upfront capital cost NPV of US$205.2 million using a discount rate of 5% and price of US$2,000 oz gold.

· Low initial capital requirement of US$105.5 million (including contingency and EPCM contract)

· Low average Life of Mine All-in Sustaining cash costs US$1,039 per oz gold”
You will see that the 2 Gold prices used in the BFS were 1600 and 2000. The gold price is now 10% higher than the top figure used at 2200. As you should know the increase in the gold price has an exponential effect on the value of the gold in the ground.

[dexdringle] 28/3/2024 11:48

I think you missed out the word 'hypothetical' in front of the word 'value'.

[888icb] 28/3/2024 10:45

Just in case Jim needs it for his ongoing negotiations the Gold price has just moved above 2200. CNR’s value has increased dramatically since the sales process began due to the 400+ rise in the gold price.

[888icb] 25/3/2024 12:21

Positive share price Progress in March
On 1st March CNR closed at 20.5p. Since then it has risen steadily to 25.75 close last Friday which equals the previous recent high seen for 3 days just before Christmas. Let’s see if the rise continues this week and moves firmly above 25.75p

[smackeraim] 21/3/2024 19:43

Nice close today... dip was cleared out nicely other day, suddenly tightened up... and here we are, looking to break out higher.

[oldiegoldie] 21/3/2024 17:41

Switzerland has (IMHO) the problem of a relatively too strong currency, starting to harm their economy. So they need a bit more inflation to keep up mainly with the decline of the EUR, otherwise their exports get too expensive.

By the way, nice video for you folks. I feel a bit like the disobedient wife when debating with you ;-)

[sharenotes] 21/3/2024 17:01

Swiss national bank (SNB), the first central bank to blink? In a surprise move, they reduced their interest rate by 25 basis points today. Central bank representatives all meet up on a regular basis so probably not a surprise for everyone.

[arlington chetwynd talbott] 21/3/2024 12:17

But if you look at the exposure of US Regional Banks to property, protecting the $ just ratchets up that bank run risk. 5% is indeed not a high rate historically, but it is arguably dangerously high when you look at all the debt out there (not least US Government debt).While I too expect inflation to be surprisingly stubborn, do you not think that in a US election year the Fed will have little choice but to sacrifice some credibility (whatever should be the case theoretically)? I just do not see either politics or (short-term) economics allowing them to carry their inflation fight through to its (potentially very) bitter end.Otherwise, 2024 is surely going to be very bad news indeed for tech stocks that are all about growth.

[oldiegoldie] 21/3/2024 11:53

The higher interest rate is there to avoid bank runs, because it’s there to protect the currencies as such.

Restarting the money printing machine and lowering interest rates would rather damage the FED credibility and cause bank runs than a stable ca 5% interest, which is actually not so high if you compare it to the 1980 or 90ties.

tech stocks typically dont pay dividends, it’s all about growth.

Disinflation for sure, let’s see if we get negative. Probably deflation is a bit too optimistic, but disinflation for sure, but only after inflation has done another spike throughout 2024