Condor Gold Share Discussion Threads

[warmsun] 19/12/2012 12:14

Have bought more in the last half hour....it's got to be an even bigger bargain now,hasn't it?!

[mlangton1] 18/12/2012 11:52

Its not painful waiting when you expect/sort of know that the news will be good. My other stocks are drifting ever lower but Condor seems to be holding up nicely. GLA

[warmsun] 18/12/2012 09:28

This will start rising before news....but, imho (no advice intended)am comfortable that it will rise!

[psolomons] 18/12/2012 09:02

Don't think any Santa rally is going to help us, this is a strictly news driven share. When it comes it should be all our Christmass' and birthdays at once.
4 open pits and 5 million ounces of gold. I would have thought the PEA will try and identify the best possible case for CNR although it may take a little while longer.

[rame4] 18/12/2012 08:07

Little evidence of a pre Christmas surge - perhaps a new year story?

[saturdaygirl] 16/12/2012 22:18

When do we get drilling started on America , should have been last week ?

four rigs are not enough are they with LaIndia taking 4 , America needs drilling as does Metiza ...

Again i say we need more rigs if to prove the ground value for a decent takeover price .

Bids will come and MC needs to prove up for maximum shareholder value

[panamabob2] 16/12/2012 18:31

Well,I have downsized my portfolio from 7 to 3.CNR,KEFI and (alas!) KIBO.Not sure about the last one--but as you say WTFDIK????

[scientologyweirdo] 14/12/2012 07:53

"This evidence of intense near surface hydrothermal activity in a location close to the interpreted central caldera of the volcanic complex that hosts the La India epithermal gold mineralisation, where the geology has been downthrown relative to the main La India District mineralisation by a major north-east trending fault, makes the La Mojarra Concession highly prospective for the discovery of a large buried epithermal gold deposit. "

wow

[sadone] 14/12/2012 07:53

RNS: Condor Gold receives approval from Minister of Energy and Mines for the transfer of La Mojarra Concession to Condor's Nicaraguan subsidiary.

14 December 2012

Condor Gold plc

("Condor" or "the Company")

Condor Gold receives approval from Minister of Energy and Mines for the transfer of La Mojarra Concession to Condor's Nicaraguan subsidiary.

Condor (AIM:CNR), a gold exploration company focused on delineating a large commercial resource on its wholly owned 2.4m oz gold La India Project in Nicaragua is pleased to announce that, pursuant to the agreement announcement on 11(th) October 2012, the Minister of Energy and Mines has approved the transfer of the 27sq km La Mojarra Concession (the "Concession") to Condor's wholly owned, Nicaraguan subsidiary La India Gold S.A. Under the terms of the Agreement the said approval triggers a US$300,000 payment. US$200,000 is payable in cash and US$100,000 is payable by way of issuing new ordinary shares in Condor at the 20 day average traded price prior to the said approval. The ministerial approval completes the legal ownership of the Concession by La India Gold S.A. The addition of La Mojarra Concession increases the Company's La India Project by 27km(2) to 194km(2) contained within seven contiguous wholly owned concessions.

Accordingly, the Company will issue and allott 34,384 new Ordinary Shares of 20p per Ordinary Share (the "Ordinary Shares") (the "Consideration Shares"). Application will be made for the Consideration Shares to be admitted to trading on AIM and it is expected that Admission will occur, and dealings commence, on 21 December 2012. Following this, the enlarged issued share capital of the Company, will comprise 33,204,130 Ordinary Shares in the capital of the Company. The Consideration Shares will, when issued, rank pari passu in all respects with the existing issued Ordinary Shares of Condor.

La Mojarra Concession lies along strike and to the South of the India-California Vein trend which hosts a CIM Code resource of 11.2 million tonnes at 4.0g/t containing 1,484,000 oz gold including an open pit resource of 8.2 million tonnes at 3.6g/t containing 954,000 oz gold. Gold mineralisation at the southern end of the India-California veins does not reach surface, however significant gold intercepts have been defined at depths from 50m below surface. However, intercepts such as 21.08m (16.1m true width) at 10.24g/t gold from 193.80m drill depth in drillhole LIDC152 (see RNS dated 29(th) August 2012) located 500m from the La Mojarra Concession boundary. Gold mineralisation on the India Vein remains open at depth and along strike below surface, and it is highly conceivable that the mineralisation continues into La Mojarra Concession.

Condor has received assay results from reconnaissance exploration undertaken as part of the due diligence prior to purchase of La Mojarra Concession which confirm unsubstantiated reports of gold mineralisation on the line of strike of the India-California trend at two locations.

1. At a distance of 1km from the currently established southern extent of the India-California Vein a trench returned three close-spaced anomalous gold intercepts over a 12.5m interval; 2m at 1.33g/t, 1m at 1.15g/t and 1.5m at 0.95g/t gold. This was complimented by two high-grade float samples of vein quartz that returned assay results of 23.5g/t and 12.4g/t gold respectively in the vicinity.

2. A further 2.3km to the south along the same trend a sample of banded quartz vein float assayed at 9.0g/tgold. At both locations the float material is interpreted as being of local origin.

In addition to the evidence of high-grade epithermal gold mineralisation at surface the Company is encouraged by the recognition of areas of intense argillic alteration over several hundred metres diameter within the concession area. This evidence of intense near surface hydrothermal activity in a location close to the interpreted central caldera of the volcanic complex that hosts the La India epithermal gold mineralisation, where the geology has been downthrown relative to the main La India District mineralisation by a major north-east trending fault, makes the La Mojarra Concession highly prospective for the discovery of a large buried epithermal gold deposit.

The Company plans to undertake a regional rock chip, soil sampling, geophysics and geological mapping programme on the La Mojarra Concession in order to prioritise trenching and drilling for both near surface and potential buried gold deposits.

Figure 1. Location of La Mojarra Concession within La India Project.

PDF link given at end of announcement.

Figure 2. Location of gold-bearing trench and rock chip samples on La Mojarra Concession.

PDF link given at end of announcement.

Ends

[molatovkid] 14/12/2012 07:09

yeahhhhh baby! now that's what i'm talkin' about!

There's an RNS out by the way.

[sadone] 14/12/2012 05:09

Small 695 top up yesterday @ 166 - Happy to hold for next push up & PEA whenever it comes.

[shauney2] 14/12/2012 00:27

Nice picture of you Chris aka use_250148 in the brokermandaniel article.

Its a small world.I know the Gigg lane area well.Some rough old pubs between their and Midd lol.

[scientologyweirdo] 13/12/2012 22:39

Nice picture OTU

[psolomons] 13/12/2012 22:33

Good to see the Monarch up to her neck in Gold today ;)

PS. Interesting new header picture !

[pillion] 13/12/2012 21:45

Looking slightly better candle-wise

[psolomons] 13/12/2012 16:16

I would say backing winners in metal exploration is a difficult challenge. I've been burned in the past so am sticking with one I feel confident about.......CNR.

[john ford timmins] 13/12/2012 14:04

Any thoughts on this one?

[psolomons] 13/12/2012 00:45

I've just listened again to the proactive investor interview with MC. It's a fairly 'run of the mill' financial interview until the end, then it gets very interesting indeed.
He says 2012 has been a "fantastic year" for the company and goes onto reveal that he suspects there are likely to eventually be be FOUR open pit mines identified at La India producing FIVE million ounces of gold at high grade.
He's confident the city will provide the necessary finance for drilling, which seems likey if all this potential is reflected in the PEA. 2013 could be truly game changing for CNR.

[mlangton1] 12/12/2012 15:37

Blimey my filter button is glowing redhot

[christianf12] 12/12/2012 11:17

Colin Shakespeare 12 Dec'12 - 10:57 - 9362 of 9366

Right click on user 25 and then look at his profile name. You will see His real name is Scientologywierdo aka Robson aka Mellifluous.

Is this the Same deramper as revealed by brokermandan last year?



As Scientologywierdo he tried to hit PGR with a veciferious tirade of venom when they went down to .25p but gave up when he saw it was futile. But many got unsettled.

Nasty piece of work. Do your own research and make your own decisions.

[warmsun] 12/12/2012 10:28

happy here also....in fact, I am wondering as to whether I should sell even more of my other stocks in order to go in even 'heavier' here....I do see CNR as a safe haven....but wtfdik?!

[mlangton1] 12/12/2012 10:06

Me too Warmsun. Just gone into the red overall despite being well in profit with CNR. Seems great news is always just over the horizon. Happy here anyhow. GLA

[warmsun] 12/12/2012 09:49

pb2....my portfolio was doing great until about 5 weeks ago....since when, I have 'lost' a small fortune...hopefully CNR and my other stocks will come good though!