Condor Gold Share Discussion Threads

[saturdaygirl] 20/5/2013 20:42

LOL YOU HAVE ME FILTERED ..

You told the whole thread you filtered me .. now you read my posts

I have no further time for you and was relieved you had filterd me .. Please go away !

[saturdaygirl] 20/5/2013 20:13

molatovkid

Exactly , this is a hold or add at these prices , some with funds would say a bargin .

Probably the best goldie on AIM .







Two posts from jibbo on LSE

I hope he does not mind me posting here .


Jibbo
Posts: 11,346



Re AR.

Today 20:07

It is worth comparing CNR to AR.. AR. has about 3 million oz at just over 2g/t in Indonesia. It hasonly recently gone into production and has produced 130k oz in its first year from one large open pit and a couple of smaller higher grade pits. Operational costs are around $600. So there are quite a few similarities there to CNR, although I would expect CNR to be producing more per annum from the outset. The currrent M'cap of AR. is £299 million compared to CNR's £33 million. That means that even at today's suppressed valuations of gold producers AR.'s Mcap share price equates to a CNR share price of £8.10.




Possible sale values

Today 19:42

My expectation has always been that CNR will produce a BFS for a 200,000 oz pa mill and then sell to the highest bidder. If no suitable bid is forthcoming then we will go into highly profitable production. If we look at possible future sale values and use the examples of Extorre's sale for $170/oz and Highland's recent buys of Russian assets for an average of $102/oz we have the following two examples for a possible sale of our (future) 3 million oz resource.

1. $170 x 3 million = £340 million or £8.9 per share

2. $102 x 3 million = £204 million or £5.39 per share

It is easy to forget that a bid could potentially come at any time now and that one becomes progressively more likely as we move through the feasibility studies. We already have a large high grade, economically robust resource to PEA standards but any future bidder will know that the scope for proving up several million more ounces in the year's ahead is big. The current resource comes from just 10% of the overall land package which is all highly prospective for gold.

[jeanesy2] 20/5/2013 20:02

it is hard to hold when it drops nearly every day. The fall has been relentless. Iwish i had never invested here. Where will the fall end i wonder, 50p perhaps?

[molatovkid] 20/5/2013 19:54

No one should lose money on this share, short term a good recovery in gold should see us uplift from here. In the medium term there is on-going drilling which should prove up lots more gold, the chance of a takeover and lastly a BFS for a considerable open pit/s. Longer term, going into production.

You just have to buy and hold.

[saturdaygirl] 20/5/2013 17:53

Nice short Squeeeeeze ..

[usmcgs] 20/5/2013 13:06

Buys vs sells now almost 2-1

Condor Minesite presentation this Thursday and a month since last update

News must be due

[b2l] 20/5/2013 11:49

13 k shares ... -5%
this is unbelievable.... think we will see 50p again

[steeplejack] 20/5/2013 07:46

I don't think they'll be any swift reversal of the bear trend in gold primarily because of the rush to sell gold ETFs and synthetics which will wash in an indiscriminating way over all gold miners.Ironically,it was ETFs that attracted purchases on the way up,reducing demand for gold equity listed companies but sadly,on the way down sales of ETF will simply exacerbate the weakness in gold shares.When the market is pondering sales of government stakes in Lloyds,RBS etc and wondering whether Verizon might bid for Vodaphone,the bullish equity backcloth is pretty much in place.The whole thing is a bloody worldwide government inspired Ponzi scheme,of course,to drive punters out of unproductive gold investment into feel good equity investment that could fuel a consumer spend revival to fund fiscal deficits.That doesn't make it any easier to ignore.I'm wondering whether Condor hasn't missed the boat by a year or so.Any takeover price will be that much lower given the current sentiment in the gold market.

[saturdaygirl] 18/5/2013 22:17

From the MML Medusa Mining thread , sounds like the same drum

melody9999
18 May'13 - 22:12 - 27247 of 27247 0 0


It is quite remarkable that all the mantras that made MML such a safe investment have been blown away.

Gold was supposed to be the safe haven. No matter what happened in the rest of the world, gold (and by inference gold stocks) would retain and increase their value.

If anything did happen MML would be least affected because of the low cost of production.

MML had a reputation for under promising and over delivering. This made it the safest share around to 'bet the farm'.

How things change....and how quickly. I have tried to catch the falling knife that is MML's share price a couple of times, but unlike some others here, have followed a strict policy of selling out if my mental stop loss was reached. I'm sorry to read the anguish being suffered by some others following a different strategy.

With the rest of the market in a bull run, the smart money will take profits at some point and that money will come back to resources, gold and MML. Just a question of timing.

[psolomons] 18/5/2013 10:12

Such rules don't apply on AIM. It's a jungle and open to all sorts of manipulation.

[jeanesy2] 18/5/2013 09:25

The market is supposed to look forward so what does that tell you about this !

[molatovkid] 17/5/2013 20:34

This was always a long term hold to achieve full value...we all know this.
The current price is just short term.

[barts] 17/5/2013 19:09

I see SOLG is on its way again....won't be long until CNR follows....just as before.....

[jeanesy2] 17/5/2013 18:30

The whole sector is shot imo. Why would anyone throw good money after bad. It is hard to see anything other than a takeover bringing any cheer to investors here.

[eelanguilla] 17/5/2013 18:16

the share price on this is all over the shop but the fundamentals havent really changed - only the gold price - which was gonna change anyway - both up and down.

sometimes the market present us all with money making opportunities ...

[phoenix1234] 17/5/2013 10:32

One should not be rushing in with unbridled enthusiasm

[saturdaygirl] 17/5/2013 01:18

Warm
Use the gold price as your 1st indicator , chart in the header



Antone notice the trend flattening out ?

[warmsun] 17/5/2013 00:27

This will be manipulated up or down by the powers that be....there are, in my view, agendas at work here...us PIs have to just sit and ride it all out...

[saturdaygirl] 16/5/2013 23:15

Warm ,we have narrowed it down to

Off a cliff or whatever , even news in this enviroment would be useless .

[warmsun] 16/5/2013 22:53

All good news ahead then..... :(

[saturdaygirl] 16/5/2013 20:54

Thanks spring .

All forward looking views welcome .