Condor Gold Share Discussion Threads

[warmsun] 22/10/2012 07:14

Up again......which, going on past performance, I can only assume means more news is just round the corner....(and someone just made a small purchase at 1.83)

[scientologyweirdo] 21/10/2012 12:39

Gold actually took a dip to test the support at bottom of the current range. As ever CNR went in the opposite direction. That is the beauty of CNR unlike many other gold plays it has a dynamic Management who push the company forward despite the gold price. However I expect both to come together in coming months in upward trajectory.

[steeplejack] 20/10/2012 11:39

Then don't forget there's the Minesite conference at Chiswell St,London,scheduled for the morning of Wednesday,24 October.Will focus investors' minds next week.

[panamabob2] 20/10/2012 07:21

Yes,that 'pick up' was interesting and came out of the blue after a very low volume day up to that point.

Would not be surprised to see something good early next week.

[topsy turvy] 19/10/2012 17:59

A nice pick up at the end of the day. PEA coming early next week perhaps?

[sunjammer] 19/10/2012 16:06

'The best times of the year to go long gold, silver, and the PM stocks seasonally are mid-March, mid-June, and late October. Incidentally, these are really the only weak months of the year for this metal. Gold's secular-bull ascent over the last decade has been remarkably steady, usually powering higher on balance.

Gold's best calendar months seasonally are November, September, December, and May. Between 2001 and 2011 they saw huge average rallies of 4.6%, 3.2%, 2.5%, and 2.4% respectively. And note how November, December, January, and February all tend to see gold end near its monthly highs on average. The gold bull seasonals truly are outstanding this time of the year, very bullish heading into spring.'

[guidfarr] 19/10/2012 15:25

Spread betting mag Oct edition out focus on mining shares

[scientologyweirdo] 19/10/2012 13:52

Gold working off overbought technicals as expected in tight pennant

[scientologyweirdo] 19/10/2012 13:50

re AFCR

I own MWA as I think Zim goldminers are undervalued. AFCR is not mining gold ...yet. If they can get their supposed open pit mine doing 100k p.a. I would reassess because even equity funded that could be looking very cheap.

I think the diamonds are probably gone.

Cawkwell is bullish on MWA and AFCR I understand.

I think AFCR just being held back by 2p placing guys selling.

Would be good to know when they will release BFS on that 100k oz p.a gold ?

NPV could be silly compared with Market Cap.

[christianf12] 19/10/2012 10:05

Robson (me being polite), have you any thoughts on AFCR?

Massive gold asset valued at £15m in Zimbabwe, I know you don't mind that Mugabe risk as you hold MWA.

Simon Cawkwell saying AFCR could go to 50p, currently 2.5p.

4.3m ounces gold JORC for £15m seems a bit of a nil brainer to me.

Last weeks presentation:



I just bought 250k as a punt.

[scientologyweirdo] 19/10/2012 07:53

That's V1d on BGL

[scientologyweirdo] 19/10/2012 07:53

V1d
18 Oct'12 - 23:59 - 3493 of 3498

Kiedo - This is no CNR in that CNR should have costs per ounce in the lowest quartile. However, the management come from a mining/geology background, and although they (obviously) do not have the PR and financial savvy of Mark Child, between them they should have enough mine building experience to make a go of this project.

(By the way, I end up with more losers than winners these days, so PLEASE DYOR!!)

They have 1.3M oz inferred at 1.06g/t and it should be possible for them prove up enough of that to be able to increase the cut-off grade, and thus (hopefully) the average grade of the reserves, whilst retaining the 2.2M oz necessary for a 10 year+ mine life (geology allowing). The deeper shots that they are drilling at the moment should give us an idea of what can be achieved.

I would like to think that Mark Braghieri was in possession of all of the facts before he accepted the position of Project Manager. If the figures in the RNS are the best that can be done it's going to be an appointment as long lasting as Brian Clough's at Leeds!!

[1066monkey] 17/10/2012 13:30

Think he's got a bigger holding in WAFM (c. 13m). Even more than he's got in CNR!

[bahamasoil] 17/10/2012 12:19

Jim Mellon is linked to Polo and has a large interest

[hellisreal] 17/10/2012 11:22

The Dattels connection is indeed very interesting!

[theabbey] 17/10/2012 10:55

I was thinking along the same lines Hellisreal - always interested in reading and learning which the Doc' has greatly assisted in this morning.

Anyways, off to a long lunch.

[hellisreal] 17/10/2012 10:50

Nice & quiet here,& informative thread TheAbbey

[theabbey] 17/10/2012 10:47

DrRacliffe - very intriguing and very encouraging. Recognise a number of those! I wonder whether it will be a smoke and fire situation. Certainly a good entry point IMO.

Thanks, and to Hellisreal.

[drradcliffe] 17/10/2012 10:35

Polo Resources is Stephen Dattels. I've made nice profit on all my previous Dattels managed investments.

[hellisreal] 17/10/2012 10:26

I realized that Polo Res (POL) has a Dattels. Part of the same family?

Mr. Dattels is a seasoned senior mining executive and is Executive Co-chairman of two companies listed on the AIM market of The London Stock Exchange, both of which are in the mining sector: Polo Resources Limited and West African Minerals Corporation, where he is also Chief Executive. In late 1982 he joined Barrick Gold Corporation and was one of the key executives during its formative years, where he was involved in the company's growth from a capital base of US$10 million to a market capitalisation of over U$2 billion when he left in early 1987. Since leaving Barrick, Mr. Dattels has been a mining financier of numerous mining ventures in several continents in diverse commodities including gold, uranium, copper, iron ore and coal. In 2005 he founded UraMin Inc., which acquired and developed uranium assets in Africa. The Company was sold in August 2007 to Areva, the French Government-owned, fully integrated nuclear company for cash consideration of approximately US$2.5 billion. He is also an active investor in oil & gas exploration in Africa. Mr. Dattels is currently a Non-Executive Director of AIM listed GCM Resources plc and Non-Executive Co-Chairman of Hong Kong listed Regent Pacific Group. Mr. Dattels has a Bachelor of Arts degree from McGill University, a law degree (cum laude) from the University of Western Ontario and has completed the Program for Management Development at Harvard University.

[theabbey] 17/10/2012 10:18

I suspect that it was you posted on LSE about Dattels - I will have to look him up.

Not sure about a low ball offer being accepted given the BoD's stake and their apparent belief in this prospect. Perhaps that might be a catalyst for a 'proper' bid.

[drradcliffe] 17/10/2012 09:39

The Dattels link will have all the funds talking.

[drradcliffe] 17/10/2012 09:37

Re: "am starting to wonder how much of a catalyst the PEA will be on the share price "

if the share price isn't up at the £2.50 level by Jan/Feb next year then I think Condor will probably get taken out by a "low ball" bid early 2013, which will be disappointing. After all the company is majority owned by private shareholders who would probably be happy to take a quick 100% profit, or more depending upon how long they have held the stock...

I don't expect we'll see an immediate sustained rise on publication of the PEA. The rise is surely going to happen through institution buying (after they have done their due diligence) in the subsequent weeks that'll take it up. there should be interested on the basis of the cash cost if nothing else, but it's a hard one to call. It's a good sign that Canadian mining funds (associated with and introduced by NewGen Asset Mgmt in Toronto) have taken the placement. The London fund managers will have noticed this, so it should encourage them to take a close look at the PEA.

[theabbey] 17/10/2012 09:32

That's encouraging DrRadcliffe. It makes sense and hence why I posed it.

It's all a matter of patience...it has been and will be...and then a t/o announcement ;-)