Condor Gold Share Discussion Threads

[saturdaygirl] 16/10/2013 21:28

Uploaded with

Pattern Description

This is a major bullish reversal pattern, which is even more significant than a regular Bullish Harami. The outline again looks like a pregnant woman, as with the Bullish Harami Pattern. However, now the baby is a Doji. Basically, the pattern is characterized by a black body followed by a Doji that is completely inside the range of the prior black body.

[jecs] 16/10/2013 17:43

www.proactiveinvestors.co.uk/companies/news/62201/update-condor-gold-working-the-angles-62201.html#

[usmcgs] 16/10/2013 11:45

We may get an updated PEA but the PFS won't be until next year

[plasybryn] 16/10/2013 11:00

Doubt we will get any more news before tomorrow's presentation now, but it will be interesting to read Mark's body language as he must be well aware of how the PFS is going.

[plasybryn] 16/10/2013 10:58

Can we expect feedback from Condor presentation tomorrow?

[bena1] 16/10/2013 10:15

Thanks Chaps; not sure I can justify taking a full day off work though :(

The resources update certainly sounds exciting.

[plasybryn] 16/10/2013 10:06

Jibbo over on LSE is always a great read on Condor.
I see he is saying this morning that we could have 1.5m ozs of Indicated within a couple of weeks (end of Oct.)

Depending on what valuation you use, this equates to a share price of c. £3/£4.
I was told Indicated should be valued between $160/$200 per ozs, but this uses $120 & $150 per oz.

Also he points out that Edison & SRK have us with a NPV of £6 and this is BEFORE the results of the current 23,000 metres of drilling.

Whichever way you cut this cake, Condor looks very undervalued and is about to get even more undervalued.

With projected low cost operating potential (c. $550) this makes the Condor asset particularly attractive to an acquirer.

Given Regent PLC bought in earlier this year at £1.60 (£4.3m placing) after full due diligence, the risk here would seem pretty minimal with lots of real upside potential in a relatively short term.

[plasybryn] 16/10/2013 09:50

Sorry,
yes of course it is Thursday. My mistake.
Mark confirms the Resource update is currently underway and due by the end of October. Then we get the PFS sometime this Quarter.
Lots to change the valuation.

[saturdaygirl] 16/10/2013 09:38

Ben

Uploaded with

[psolomons] 16/10/2013 09:37

I'm pretty sure its Thursday.

95th Minesite Forum - 17th October 2013

Taking place at:
The Brewery
Chiswell Street
London EC1Y 4SD
(Nearest stations are Moorgate and Liverpool Street)

Presenting Companies Include:

KEFI MINERALS

KING RIVER COPPER

CONDOR GOLD

[bena1] 16/10/2013 09:20

Sorry if I'm being dim; where is the presentation on Friday? Would love to go if it is in London.

[warmsun] 16/10/2013 09:04

"Looks to be all going according to plan"

Agreed Plasybryn....I dont want to tempt fate by saying this is a 'sure thing', but, really, it does seem to have limited downside...and much potential on the upside. I simply expect to turn on my screen one day and see that we have been bid for...with a, hopefully, nice hefty premium on the sp!

[plasybryn] 16/10/2013 08:43

warmsun: Yes but their inaction is causing fear which is growing and that is supportive of gold.
This news will need a bit of time to sink in no doubt as Condor is not on everyone's watch list...yet
I hope some will attend the presentation on Friday and we can get an update on the expected news timing from here. Looks to be all going according to plan.

[warmsun] 16/10/2013 08:39

If the US hadn't been on 'shut down' I think we would have had a far better response to today's announcement.....c'mon you americans...sort yourselves out!!!

[molatovkid] 16/10/2013 07:18

And good news at that....another piece in the jigsaw

[blueyonder] 16/10/2013 07:09

We have news.

[saturdaygirl] 15/10/2013 21:19

Uploaded with

Pattern Description

This is a major bullish reversal pattern, which is even more significant than a regular Bullish Harami. The outline again looks like a pregnant woman, as with the Bullish Harami Pattern. However, now the baby is a Doji. Basically, the pattern is characterized by a black body followed by a Doji that is completely inside the range of the prior black body

[alex hawk] 10/10/2013 20:59

Looks very bullish.

Technicals

- 50 & 200 day MA about to cross
- MACD turning positive
- Volume Breakout
- JORC expected in October

Fundementals

- News expected in October, JORC update
- Recent coverage Shares Magazine as a takeover target
- Recent coverage in Spreadbetting Blog - identified as one of the most bullish gold miner chart plays

Decision time coming soon - good luck all.

[alex hawk] 10/10/2013 20:59

Looks very bullish.

Technicals

- 50 & 200 day MA about to cross
- MACD turning positive
- Volume Breakout
- JORC expected in October

Fundementals

- News expected in October, JORC update
- Recent coverage Shares Magazine as a takeover target
- Recent coverage in Spreadbetting Blog - identified as one of the most bullish gold miner chart plays

Decision time coming soon - good luck all.

[hedgehog 100] 10/10/2013 20:15

These long-term charts for Condor Gold (formerly Condor Resources) and SolGold show that their share prices have periodically been very depressed, but have subsequently recovered strongly -

[alex hawk] 10/10/2013 12:52

1.369 to buy/1.36 to sell.

The Condor is flapping its wings - not quite taken off yet.

The Hawk by its nature is watching closely.

[cal18] 10/10/2013 12:39

O/t SOLG to double today? Remember 7p to 15p last time and that was on poorer grades.

Great rns at solg just now and more to come!

[saturdaygirl] 10/10/2013 12:37

Can we break the wedge ?

[warmsun] 10/10/2013 12:34

Price of gold not going anywhere at the moment...56k shares traded here...and, we are up 7.5p!
Great stuff!

[rfv] 10/10/2013 11:20

Alex don't let it stew and please let us in on your tea leaf predictions when you've drunk it. Been here patiently for a long time.