Condor Gold Share Discussion Threads

[steeplejack] 07/9/2015 09:14

What I'm talking about you rude little man is the fact that holders might well find themselves having to realise a capital LOSS.For choice I would rather have the opportunity to be acquired by a listed UK company and hang in there for a rosier future.

[richgit] 07/9/2015 09:01

Yangou

"little twerp TW has got his ores into it"

The simple fact is "the little twerp"is the Fed/US Law.

The Manipulation of all things considered anti $Dollar/US whether Gold Silver or Copper,are no conspiracy- they are known fact and written into US law.
The simple fact is that when all cases against the Frauds are summed up by the Judges,the conclusion is " The US considers it Law that Manipulation/fraud
is legal when in the US interests".

As per the Snowden leaks and the biggest manhunt in History to get the Man that
confirmed to the World- The US considers all and anyone as a threat to US supremacy and Body Bag Economy,as their enemy.


Maybe Condor are attempting to get their investors to numbercrunch how much the Gold asset is truly worth even with such Manipulation and what will they be worth when the Manipulation comes to its end as paper No Gold cannot be used
to supply the Sovereign Physical buyers.

The dictation of Comex leverage that has gone from a past average of circa 20-1
to what may now be 120-1 is a recipe for total disaster so when that ends the whole dam of suppressed real value flows freely,and heaven knows how high.


A stock that would head to £6 no doubt simply once Gold breaks firmly back to
$1200 is worth a hell of a lot more than £20Million


Gawd forbid any investors have to look back with the tears of what CNR could/should be worth when Gold starts towards $1200- !!!

In the shorter term that is in the hands of the Paper Gold Fraud,yet as producers can now break away from the LBMA frauds,maybe the clock is ticking for the corruption of all things - "Comex" Fantasy paper .

Let us hope the clock ticks faster.

[andy] 07/9/2015 08:47

"a takeover could throw up all the complications for private clients of receiving an offer from a predator NOT listed in the UK."

---

What rubbish!

If someone makes an offer, shares aren't delisted in an instant from the UK LSE!

That statement is laughable!

In the event of an offer for the company, there will be plenty of time for holders to sell before a delisting, what on earth is he talking about?

And a likely suitor would be a Canadian listed company, and MOST UK brokers can trade Canadian stocks, certainly all the large institutions can, so that is simply scaremongering for the sake of it.

If an offer is accepted, and the share price rise, at that point holders could sell at no risk!

[steeplejack] 07/9/2015 08:38

With finance at a premium in the mining industry,it's not clear that Condor will receive a cash bid.Thus,a takeover could throw up all the complications for private clients of receiving an offer from a predator NOT listed in the UK.My guess is that a merger with a larger industry player might occur.It's a testimony to the parlous state of gold mining juniors that it should come to this.Condor afterall has an excellent cost profile and is quite capable of turning a profit.Very sad for Mark Child that it should come to this after all his hard work.It was always the plan to sell of course but this smacks of a "fire sale" with the implicit lack of bargaining power.

[molatovkid] 07/9/2015 08:08

jeanesy2....you consistently have whinged and moaned for months about this share.

What you are still doing here is anyones guess.

[yangou] 06/9/2015 00:10

I was going to ask what the hell has happened to this great little goldie but it seems that at one stage the little twerp TW has got his ores into it. So that would explain some of it at least.

[sir andrew ffoulkes] 05/9/2015 20:15

TW is a charlatan and a lier. He simply fabricates nonsense for his bearish agenda. Do you believe him or what our CEO States openly. If you believe TW you have issues, he's an absolute nutter that thrives on controversy.

One personally believes we've had an informal (not formal) approach and this is the regulatory stuff to protect them from disclosure at this stage. It may also have the effect of bringing other offers out of the woodwork, an auction would be great to see.

We may achieve £50-80m in the present PoG environment, provided it remains stable and doesn't fall further.

[john6185] 05/9/2015 19:38

I do agree that the RNS could have been more positively worded, but the references to the takeover code suggest to me that they have had a credible approach.

Thus they have appointed a sales agent to guide the process, and to find other suitors that might provide competing offers.

I suspect all this will conclude by the end of year

[sir andrew ffoulkes] 05/9/2015 18:58

One thinks you may be quite surprised by market action next week then.

[jeanesy2] 05/9/2015 18:41

I have invested and stand to make sizeable losses here. Sadly the RNS issued on friday is the final straw for me. It makes no sense to issue such a statement when the market is closed and gives PI' s no chance to react. If i had a chance to sell first thing monday then i would but sadly work means that is not possible and i dont wont to put in an order as lord knows what price they will be sold at! I have followed this company for several years, but I have sadly lost all faith here now. I wish all others still in all the best. I do honestly hope I am wrong .. i have no hidden agenda!

[sir andrew ffoulkes] 05/9/2015 18:28

J2 you have an obvious agenda. If you were invested it makes no sense not to talk your own book.

[888icb] 05/9/2015 18:22

If you even bother to read anything from that TW character then the only sad thing is you. His track record is pitiful.

[jeanesy2] 05/9/2015 18:11

It sadly appears that TW was right after all !

[sir andrew ffoulkes] 05/9/2015 17:44

The Friday RNS is simply informative stating we are for sale. The real news flow starts soon, possibly even Monday. We are already in play.

[sir andrew ffoulkes] 05/9/2015 15:23

Posted by Temujiin on iii:

Difficult to value CNR in this market but this link from Wondergoals at timeline 3.30ish says of 253 TO's from 1990 to 2013, covering 2 bull and bear market cycles,

90% of M&A's paid less than $90 / oz, and
56% paid less than $45/oz in the ground.

Valuing what CNR will get $/oz and therefore a TO price imo depends on

1. Grade - CNR have excellent grades
2. Upside potential - Definitely
3. Geo risk - Relatively low
4. CoP - Again relatively low
5. Ability of management & advisors - Good imo & CEO holds 8.5%
6. Institutional support - IFR also hold 8.5% & bought in recently at 90p
7. Financial strength of CNR - Not under pressure atm.
8. Apetite of preditors - (Unsure on this factor)
9. PoG - Poor atm but speculated to improve greatly by the time of production
10. Bull or Bear cycle - Bear atm

Numbers 1 thru 7 should indicate we get high end $/oz in the ground compared to peers but, 8 - 10 will most likely temper that somewhat.

With 46m shares in issue and CIM-compliant Mineral Resource of 2.32 Million oz, then:
at $40/oz, CNR could expect an offer at $92.8m or £1.33 /share,
at $60/oz, CNR could expect an offer at $139.2m or £1.99 /share,
at $80/oz, CNR could expect an offer at $185.6m or £2.65 /share.

I shall be buying £2000 worth first thing Monday in the hope CNR get at least an average $/oz price for it's high grade low cost of production asset.

[sir andrew ffoulkes] 05/9/2015 15:20

One would no be at all surprised to see a series of RNS releases this month

[usmcgs] 05/9/2015 15:09

Quite a dig by TW on his bearcast

[temujiin] 05/9/2015 00:26

'The company has admitted it cant get finance'
===================

The company hasn't admitted it can't get finance at all.

It's said that the ''equity required for the construction of a mine at La India Project'' would be...significantly dilutive to existing shareholders. Furthermore, there is no guarantee that either equity or debt financing .... can be secured on satisfactory terms.

The above is in relation to financing the building a mine, something CNR have never really wanted to do. Getting a placing through to cover running costs etc to see us through the current low PoG cycle would be pretty easy imo.

I view this RNS positively. I've never seen a company being bought for less than it's current value and it's likely CNR will try and value it's assets on the going rate for $/oz gold in the ground/AISC. Anyone hoping this will drop on Monday will, imo, be disappointed.

[sir andrew ffoulkes] 04/9/2015 21:19

J2 you are better off selling and moving along. You really appear to be missing the point. MC owns 10% of this company, as does the IFC. Neither will let it go for peanuts, the worst thing that can happen in my view is we end up on indefinite care and maintenance.

[b2l] 04/9/2015 21:02

@jeanesy
sell on Monday ... it´s better for you

[jeanesy2] 04/9/2015 20:55

The company has admitted it cant get finance . Why would anyone make an offer when we will run out of money by the end of the year? The best outcome i can see is a joint venture myself?

[sir andrew ffoulkes] 04/9/2015 20:15

From Dictum de Dicto on iii:

Interesting timing.

Looks more like the early stage of a negotiation process to me:

'The company is now considered to be in an "offer period"...'

While it may not yet turn into an offer it's certainly the most interesting piece of news we have had for a long time.

The thoughts of £3, £4, £5 have become a distant memory given the current gold price but I would have thought somewhere between 100p and 200p woud be the negotiation zone. It has after all got the allure of an open pit proposition as well as a hole in the ground.

Full credit to MC. He's thinking of the existing shareholders and dilution rather than miliking it for years. I'll be backing him again if he has another crack - a discussion for post deal perhaps.

It looks like not a word leaked out given the drop in price during Friday.

Monday should see some interest pile back in. Maybe we will get backk to where we should be i three figires.

Thoughts about sale price anyone?

ddd