Condor Gold Share Discussion Threads

[steeplejack] 28/5/2013 12:52

On the premise that there was no good reason why this stock halved from over £2,I suppose that there's no good reason why the price shouldn't now double.Presuming ,of course ,gold doesn't go totally out of fashion.

[saturdaygirl] 28/5/2013 12:43

LOL i`m having a good day too

Now less than 40k down , it had been 53k down .

[saturdaygirl] 28/5/2013 12:43

LOL i`m having a good day too

Now less than 40k down , it had been 53k down .

[serious punter] 28/5/2013 12:33

Just picked up 4672 @107 to add to my pension scheme.

[pillion] 28/5/2013 12:02

Chuckle ; I'll buy when we get promoted back into the Prem

[saturdaygirl] 28/5/2013 11:27

You should have bought when Wigan won the Cup !

[pillion] 28/5/2013 11:24

Not sure Sky, my wild guess would be around the £1 mark
We may see some sideways movement after this rally
The price of gold bullion will come into the equation as well of course

[saturdaygirl] 28/5/2013 11:16

Pill

But that would be at 1.50 ?

[pillion] 28/5/2013 11:09

I may buy in if the lines cross

No advice intended

[pillion] 28/5/2013 10:27

Lively white candle thus far today!

[saturdaygirl] 28/5/2013 10:00

yes and thanks to pheonix for flagging the article .

[worsleybird] 28/5/2013 09:48

Valuation: 614p/share
We value the PEA schedule, assuming 100% debt funding (no equity dilution) with
an NPV 10% of £215m, or 569p/share (previous valuation £203m), based on
Edison's long-term gold price forecast of US$1,676/oz and a total asset value of
£232m, or 614p/share. This illustrates the massive value discount the market
currently applies to exploration companies. The open-pit option and further
resource upgrades will be value drivers, both of which should be evident in 2013.


http://www.edisoninvestmentresearch.com/research/company/condor-gold

[saturdaygirl] 28/5/2013 09:48

Edison Research is paid by companies to churn out research so it is not exactly impartial. None the less for uber-posh analyst Charlie Gibson to claim that a stock trading at 96p is in fact worth 614p per share is a bit of a big call.

Charlie writes:
Condor (CNR) now has sufficient cash to complete planned work programmes to significantly further increase resource and production targets around historic high-grade gold mining zones and to move the La India project further through the feasibility process. The recent share weakness against the background of exploration sector underperformance leaves it at a discount that does not reflect the substantive potential of the assets.

Funded exploration should add value In March 2013, Condor raised £7m in equity to fund exploration and advance the feasibility study process. The 2013 objective is now to establish 1.0Moz to 1.3Moz 'indicated' category, open-pit resources, which could be able to support a low-cost production rate in years one to five of between 110,000 and 130,000oz pa, to be incorporated in a PFS as a more robust project with lower start-up capital costs.

Valuation: 614p/share We value the PEA schedule, assuming 100% debt funding (no equity dilution) with an NPV 10% of £215m, or 569p/share (previous valuation £203m), based on Edison's long-term gold price forecast of US$1,676/oz and a total asset value of £232m, or 614p/share. This illustrates the massive value discount the market currently applies to exploration companies. The open-pit option and further resource upgrades will be value drivers, both of which should be evident in 2013.
- See more at:

[molatovkid] 28/5/2013 09:38

It will go up quicker on todays evidence. Anyone able to post the Edison article. Nothing we don\'t know regarding/should find surprising re:the valuation, but would be interested to know their workings behind it.

[serious punter] 28/5/2013 09:37

Clearly no linkage to today\'s gold price $1382.60 down $3.70 to date

[warmsun] 28/5/2013 09:31

Hopefully this will go up as quickly as it dropped.... I added three times last week and again this morning.

[serious punter] 28/5/2013 09:26

104-107 - looking good, shorters will be feeling the pinch :0)

[phoenix1234] 28/5/2013 09:16

Condor Gold at 96p worth 614p – Edison http://www.shareprophets.com/analysis/483/condor-gold-at-96p-worth-614p-edison

[warmsun] 28/5/2013 09:05

Don\'t think it was a mistake....sp now 100 - 105 :)

[serious punter] 28/5/2013 08:56

Someone has just got 4335 @ 103 - must be T25 or a mistake

[warmsun] 28/5/2013 08:56

L2 1v1

Another tick up soon....over £1 today hopefully

[saturdaygirl] 28/5/2013 08:42

286 @ £1.00 paid .

[warmsun] 28/5/2013 08:15

tick up soon.
L2 improved and a 10k buy at 99p!