Condor Gold Share Discussion Threads

[jeanesy2] 28/11/2015 08:57

Next stop... ?!! It really is time that MC did something before this drops to zero. The man has done nothing to allay investor fears except attend presentations . He needs to show his worth and fast. I am not impressed at all.

[andy] 28/11/2015 00:36

Temujiin 25 Nov'15 - 13:06 - 11205 of 11209 0 0


Yes you could but the market normally focuses on the premium, we shall see.

30p breached, the drop continues to look precipitous.

GLTA

[harebridge] 27/11/2015 19:30

In the 20's as I predicted. Where's Dishan. Hopefully he saved himself some money & got out whilst he could.This is still in free fall, hasn't even bottomed out yet. Pure capitulation here. Feel sad for those duped by Jibbo, Mark Child etc etc

[usmcgs] 27/11/2015 12:28

Volume better today. Plenty of buys around 30.5. Bounced last time so interesting to see what happens

[usmcgs] 27/11/2015 08:17

20s coming?

[usmcgs] 25/11/2015 15:51

wow a whole 2k volume lol

[temujiin] 25/11/2015 13:06

Andy, it's another way of looking at a TO. You could say paid xyz % over targets SP, or say for example 'bought at $46/oz being $10/oz discount to the average peer price paid over the last year' etc.

The point I was trying to make is that TO's are better judged for comparison, by $/oz paid.

[usmcgs] 25/11/2015 12:04

Morning gone and still nil trades

[usmcgs] 25/11/2015 09:59

2 hrs in and nil trades. Exciting times for holders :(

[andy] 25/11/2015 09:36

Temujiin 23 Nov'15 - 14:37 - 11193 of 11201 0 0


As for what MC can sell CNR for? Well the buyer doesn't have to justify the % increase over our SP,

---

Are you sure?

[usmcgs] 24/11/2015 13:42

Low volume and all sells ...... again

[temujiin] 23/11/2015 22:47

Why hasn't an offer been made?
Not even a cheeky one!

Surely it's because nobody is interested.
===================

Or maybe because they need to do site visits and due diligence. Just a wild guess :)

[harebridge] 23/11/2015 20:19

At this rate, if they wait until Xmas, they can have it for 0p

[psolomons] 23/11/2015 20:11

There will definitely be people interested, it's a world class gold reserve. Perhaps they think they can get it cheaper if they wait.

[harebridge] 23/11/2015 20:05

A simple question as this hits 30p & continues to drop like a stone.Why hasn't an offer been made?Not even a cheeky one!Surely it's because nobody is interested.

[temujiin] 23/11/2015 15:53

Usmcgs, certainly agree he hasn't help CNR's cause by stating that $56/oz was unlikely in the current climate. only plus I could think of was stoking up buyer interest, which it seems to have done :)

[usmcgs] 23/11/2015 15:23

Lse trying to state that mc has said that he will only sell at around $56 ....... that is untrue

[usmcgs] 23/11/2015 14:42

Temujiin I partly agree and thought about that but MC does seem to think that it would be a problem. Again I think he has put his feet in it and not happy doing it once he has stated if twice

[temujiin] 23/11/2015 14:37

I noticed the large 110,000 sell. Most likely our large seller and not a lot the company can do if someone is off-loading big time. Obviously puts off buyers until the trend looks like reversing.

As for what MC can sell CNR for? Well the buyer doesn't have to justify the % increase over our SP, he could also say for example 'bought at $46/oz being $10/oz less than the average price paid over the last year' etc

[usmcgs] 23/11/2015 13:30

145k of sells and currently 3.1% in the red

MC does not install a lot belief

[psolomons] 23/11/2015 12:08

Blue is such a capricious colour !!

[usmcgs] 23/11/2015 10:59

Andrew I am not sure that I agree and I am sure the market doesn't, looking at the share price and the response to this period. If no deal cones forth then they will need to go foward on production. They will struggle to raise sufficient funds and the dilution will heavy. Hence why MC is trying for a deal and not trying to appear desperate.

[andy] 23/11/2015 10:51

Temujiin 23 Nov'15 - 09:51 - 11184 of 11188

Yes I agree, a poor attempt at creating bid friction, IMO.

Potential suitors will see straight through that, they'll have a price they're reared to go to, there are many distressed projects out there.

[sir andrew ffoulkes] 23/11/2015 10:09

One remains convinced we will get a deal but it'll be nearer the lowest end of my expectations (in fact it may be lower than that). One was hoping for $80-120m, so you can work it out for yourself.

[sir andrew ffoulkes] 23/11/2015 10:07

If necessary, he will raise no more than £2m, this will get us fully permitted. After that is anyone's guess but that is what WILL happen.