Condor Gold Share Discussion Threads

[goneawol] 07/1/2014 10:45

SRK Consulting NI43-101 Mineral Resource Estimate La India Gold Project

hxxp://condorgold.com/sites/default/files/technical_reports/NI43-101%20Mineral%20Resource%20Estimate%20.pdf

[steeplejack] 07/1/2014 09:30

On quote and deal,there's no size on the bid currently.It's likely to consolidate around the mid 70s for now.

[molatovkid] 07/1/2014 09:17

Those 76.6 trades look like sells....but just done a dummy trade with Selftrade and they are buys.

[steeplejack] 07/1/2014 09:09

There's no shortage of averaging opportunities in this sector!

[warmsun] 07/1/2014 08:54

"so if you are not invested you will almost certainly miss the boat."

I was thinking that when I was buying at £1.60ish...!

Though, I totally agree with your sentiment....patience is needed and I am not selling any!

[888icb] 07/1/2014 08:40

Condor is a very well run and attractive junior gold company. It has a large amount of high grade gold that can be extracted at low cost in a mining friendly country. It is even more attractive because it's economics still work when the gold price is at current levels and well below current levels.
When an offer comes it will be at a much higher price than today's share price so if you are not invested you will almost certainly miss the boat.

[molatovkid] 07/1/2014 08:36

Surely, B2Gold must be running the ruler over Condor. They have the cash, they know the country and they know La India. They also know its a high grade deposit with a massive potential upside thanks to the airborne survey.

[warmsun] 07/1/2014 08:14

Excellent news! Got me some more.

[steeplejack] 07/1/2014 08:10

This stock has near halved in just three months which even in the context of a weak gold market,is bizarre,given the group has institutional support and is currently well funded.
Clearly La India is a highly attractive prospect.Todays statement simply reiterates why we are holders.Looks like this company could get taken out on the cheap unless Mark Child is determined to go that extra mile towards production to maximise ultimate shareholders returns in a better future gold environment.

Interesting to see the hedge funds are making bullish bets on gold currently contrary to Goldmans advice.Thereagain,we know that Goldmans likes to overshoot on pessimism or optimism on forecasts,so it can turn its book positions round.Just how pessimistic are Goldmans about gold after the 2013 price declines.Most likely,they wish to dull sentiment enabling them to unwind their shorts and move to a more bullish stance.

[saturdaygirl] 07/1/2014 07:54

That's the way it reads to me .

Profitable even at $1050 or less ...

[molatovkid] 07/1/2014 07:25

Hell yeah !

"Investors should take comfort from the high grade nature of La India Open Pit, which puts Condor Gold in a favourable position compared to many junior gold resource companies and in my views means there will be an open pit gold mine at La India Project."

[plasybryn] 06/1/2014 12:24

This is going to be a seriously great buy.
Let them take the price as low as they like, then just think about the upside.
Nothing has changed, we just have a few months to wait for the PFS.

[rhuvaal2] 06/1/2014 12:13

Of course you're right, john61, but change one's mind between stocks = not the story. Confess I am surprised at how far this 'bloody' falling knife has gone...

[john6185] 05/1/2014 11:02

Nah..... Read everything......but then decide for yourself.And... Allow yourself to change your mind:)

[rhuvaal2] 05/1/2014 10:28

DONT READ such stuff...............

[mlangton1] 05/1/2014 03:29

Well it's bearly a week since The Mail was telling us to sell up. And todays advice??
When everyone is bearish, it has to be near the bottom of the cycle (PoG),' he said, adding that after more write-offs in the first half of this year we should expect to see a rush of acquisitions, especially among the junior miners.

Article

[rhuvaal2] 02/1/2014 16:58

Below was dated 20th December and picked from another junior gold stock thread =

King World News) - 2014 & The Contrarian Trade Of The Decade

Mr. Bernanke, in a move made mostly to bolster his legacy, stated in his final press conference as Chairman of the Fed that he would start to reduce asset purchases in January of 2014. Nearly every advisor on Wall Street took the news as evidence the Fed can now remove its manipulation of interest rates with complete economic immunity. However, what these pundits fail to realize is that the Fed's economic recovery strategy is based on artificially boosting bond, equity and real estate prices....

Now our central bank is promising to remove its support of asset prices. Therefore, the lesson we are all about to learn is that bubble-based economies always fail.

As 2013 year draws to a close, the 10-Year Note yield has climbed above 3%, from its 1.5% level in the spring. This move higher is occurring despite the fact that the Fed's tapering of bond purchases has yet to even begin. And, even when the taper starts in January, the Fed will still be buying $75 billion of MBS and Treasuries. Therefore, Wall Street's ebullient reaction to the taper announcement is both premature and misguided.

Interest rates will rise significantly in the first half of next year, which will send bonds, stocks and home values into a sharp correction. The real estate market (the corner stone of the Fed-engineered recovery) is already starting to see cracks in its foundation. According to the Mortgage Banking Association, the index for applications to purchase and refinance a home fell 6.3% last month, sending the index to its lowest level in 13 years. Further evidence of waning demand for homes came from the National Association of Realtors (NAR). Existing home sales fell for the third straight month to the lowest level in a year. The NAR also reported that sales were down 4.3% from October to November and were lower by 1.2% YOY. The weakness in housing extended to new home sales also, as they fell 2.1% in November.

Weakening demand for homes hasn't stopped builders from ignoring the fundamentals (much like they did during the housing bubble in the middle of last decade) and continuing to increase inventory. New home starts were up 22.7% in November and were up 29.6% YOY. Existing home inventories were also up 5% YOY. In normal market conditions, falling demand and increasing supply would cause prices to fall. However, prices for new homes are up 10.6% YOY, while existing home prices rose 9.4% YOY, according to the NAR. Other measures of home prices, like the S&P/Case-Shiller National Index, shows overall home values climbed 13.3% YOY. Why would prices be soaring double digits when demand is plunging and supply is on the rise? The only viable answer is QE!

Turning to the equity markets, the S&P is up 25% this year, while real GDP has advanced only about 2%? You just can't have strong and sustainable revenue and earnings growth when real GDP is growing at 2%. And, you certainly should not be able to post equity market returns of 25% if growth in the economy is so small. How did investors achieve such lofty gains this year? The only answer can be QE!

Finally, the 10-Year Note is yielding 3%. How could that benchmark yield be offering a return that is four hundred basis points below its 40-year average, while the nation's publicly traded debt is up $7.2 trillion (140%) since the start of the Great Recession? You guessed it, QE!

Without the Fed's intentional manipulation of interest rates and money supply, the real estate and stock markets would be in a significant correction. This is because the Fed's debt monetization efforts have distorted all free-market indicators of where prices ought to be.

Keep in mind Mr. Bernanke's taper has yet to begin, and once commenced it will be diminished only marginally. Nevertheless, if Janet Yellen continues to attenuate asset purchases by $10 billion each month, investors should expect an equity market correction in the first half of next year of at least 15%, as benchmark yields soar past 4%.

My primary market prediction for 2014 is that the Taper of asset purchases will be terminated, and then most likely be reversed by the end of Q2; but only after investors experience a massive correction in asset values and economic growth.

This change in monetary policy will mark a significant turn in the U.S. dollar, international equities and commodity prices. Most importantly, the best opportunity for next year is to buy what no one else on Wall Street owns at this juncture. I can't think of anything more hated than the shares of precious metal mining companies. Therefore, the contrarian trade of the decade is to fade the equity market rally that is based on the overwhelmingly accepted but false assumption of a successful Fed taper.

[jeanesy2] 02/1/2014 16:19

Most goldies up, no-one is interested in these atmo. Will they ever be ? i still dream they will

[jeanesy2] 30/12/2013 08:52

Nice reversal.MM's dropping the price did not work.Where now?

[warmsun] 30/12/2013 08:27

It has simply been marked down because of the paper report...there is no stampede to sell shares! Do I buy more at 70p or below....hmmmmm??

[jeanesy2] 30/12/2013 08:22

the good news is that so far only 81 shares have been sold. Hopefully that means that there are not many people willing to sell at this price.

[newbie trader] 30/12/2013 08:13

CAZA is the share to put your money in no dilution huge wells to drill cash flow positive. When we hit the magic 2000 bopd CAZA could be worth 10 times what they are now!It on the move again!

[jeanesy2] 30/12/2013 08:08

so the mm's took us down 5p, to try and get some cheaper shares, but how cheap will they get in the short term, looks like sub 60p imo, sadly as i predicted not too long ago