Condor Gold Share Discussion Threads

[b2l] 10/9/2014 08:57

usmc
short or did you sell?

[usmcgs] 10/9/2014 08:57

How much is this legal dispute with B2gold going to cost us?

[usmcgs] 10/9/2014 08:52

What have missed about b2gold?

[goldenshare888] 10/9/2014 08:43

I agree,discounted placing for the big boys looks likely to fund BFS and additional drilling.

Also funds required for lawyers fees to fight dispute with B2GOLD over 3% NSR!!

[temujiin] 10/9/2014 08:38

Don't think it's anything to do with the results. Cash burn is quite normal for this type of company at this stage. Seen it many times before and imo I'd say the share price is being forced down so the bigger players can get cheaper shares in a placing.

MC shouldn't let the cash get so low before getting money in, hopefully he has a plan re funding.

[goldenshare888] 10/9/2014 08:29

Back to 80p?

[goldenshare888] 10/9/2014 08:28

Dispute with B2GOLD and running low on cash not helping here...........

[jeanesy] 10/9/2014 08:18

The market clearly does not like the results!

[888icb] 10/9/2014 08:01

Bid by the end of this month?

[usmcgs] 10/9/2014 07:55

Out of cash by end of this month?

[usmcgs] 10/9/2014 07:52

Unfortunately can't see that happening. Also can't see it being long before the placing happens as post pfs I see many selling and the share price suffering, which would knock the placing price. The longer it goes the more desperate we will then become for such cash.

[888icb] 10/9/2014 07:23

If offers come in on or indeed before publication of the PFS then the question about further funding would not be relevant.

[usmcgs] 10/9/2014 07:19

Looks like cnr were a bit 'leaky' again. Any guesses how long £700+k will last and when there will be a placing?

[temujiin] 10/9/2014 07:07

Half Yearly Report

10(th) September 2014

CONDOR GOLD PLC

HIGHLIGHTS

FOR THE SIX MONTHS TO 30 JUNE 2014

Condor Gold PLC ("Condor", the "Company" or the "Group"), an AIM listed company focused on delineating a large commercial reserve on its La India Project in Nicaragua, announces its interim results for the period ended 30(th) June 2014.

HIGHLIGHTS TO 30 JUNE 2014

Test work in support of the PFS has continued to advance in the first half of 2014:

-- Hydrology pump test has been completed with favourable results in support of a dewatering program

-- Lycopodium has been selected as the design engineer for the plant, components of the infrastructure capital expenditure estimate and an operating cost estimate for processing.
-- Pit geotechnical work has been completed pending final pit selection.
-- Environmental baseline studies needed for the PFS are largely complete
-- Preliminary waste rock geochemistry results suggest that acid drainage will not be a problem.
-- Suitable tailings and waste dump sites have been identified.
-- Wide zones discovered at surface over the San Lucas Resource with trench results of 6m at 7.65g/t and 16.15m at 2.2g/t gold.

POST PERIOD HIGHLIGHTS

-- Real de la Cruz: 13 trenches for 2,646m which demonstrate a wide zone of low-grade stockwork gold mineralisation along a 1100m strike length including a core zone of 200m strike length by 40m to 65m width averaging circa 1g/t, has the potential to provide low-grade supplemental feed to the proposed La India Open Pit Mine plant.

-- Real de la Cruz: 4m true width quartz breccia grading at up to 16.4g/t gold exposed in an artisanal pit wall

-- Real de la Cruz: Condor's geologists interpret the geological signatures as representing the top of a much larger gold mineralised system

-- Final pit geometries and pushbacks were designed that will serve as the basis for the annual advance maps 1250 pit shell selected for mine design

[temujiin] 09/9/2014 19:25

With only 38m shares in issue (atm) and 500k traded (bought?) today, then it smacks of a substantial holder offloading. Doing that prior to PEA seems strange unless they know they can buy back shares in a placing(?). If so it's insider trading pure and simple!

May not be anything of the sort but someone with a good relationship with MC might want to ask his thoughts.

[rfv] 09/9/2014 19:17

Agree that the trades should even out but even so this is a huge volume for Condor.

[serious punter] 09/9/2014 18:53

I think you will find it is a big sell being worked. For punters to buy them, someone's got to sell.

[888icb] 09/9/2014 18:44

It is strange as you say because on the reported information there were 525000 BUYs and only 24000 SELLs

[jeanesy2] 09/9/2014 18:08

Cant work out what is going on here today. Very strange action. Perhaps we will know more tmw?

[rfv] 09/9/2014 16:12

An extraordinary amount of buys today at around 100p.

[saturdaygirl] 05/9/2014 19:14

Knowing SRK it will be week 3 of Oct ....

Leopards and spots and all that !

[jeanesy2] 05/9/2014 18:56

All has gone quiet here. PFS news next week? I doubt it myself but every day we are getting closer !

[serious punter] 03/9/2014 10:59

I would hazard a guess that any sells ending with 000 is a forced sell because it probably belongs to a T Trader. I would of thought CNR is tricky to day-trade.

[888icb] 03/9/2014 10:47

Mark Child's does have a history of pulling surprises out of the hat so you could well be right. A takeover offer would be nice!

[psolomons] 03/9/2014 10:44

I wouldn't be surprised if there is news sooner than expected this month.