Condor Gold Share Discussion Threads

[usmcgs] 01/12/2015 07:14

Harebridge That's too much of a wild, looking into a crystal ball, finger in the air statement

[harebridge] 30/11/2015 21:35

Brady (BRY), a software company that provides trading platforms for commodity companies had this to say tonight in it profits warning."Over the last month or so market conditions have materially deteriorated in the commodity sector in which Brady's clients operate. Several of the major commodity trading companies have reported deteriorating trading conditions, issued profit warnings alongside announcements of cost cutting or restructuring measures. The net result of this for our business is that customers and new prospects are lengthening buying cycles."The bear cycle continues, not even near the bottom yet.I can see most commodity based AIM minnows like CNR going down within months.

[sir andrew ffoulkes] 30/11/2015 12:09

Personally one feels that Newcrest may well be'in the game', largely because of their interest in the nearby project of OVL as mentioned earlier.

[usmcgs] 30/11/2015 10:56

I agree they have been in free fall but also believe you are over playing the doom and gloomHave been buying steadily on the fall and looking to buy more. 8 potential deals on the horizon. Hopefully at least 1 or 2 will come forward with offers

[harebridge] 30/11/2015 10:53

What I meant was heading towards zero, ie in free fall. The graphs are very similar to RRR

[usmcgs] 30/11/2015 10:49

Harebridge. ..... your comments of zero pence etc are over doing matters to say the least

[harebridge] 30/11/2015 10:34

A look at the 3 monthly, yearly & 3 yearly graph says it all.Has been in total free fall & now on the verge. Mark Child will have to make an announcement soon, & I'm afraid it won't be pretty.

[andy] 30/11/2015 10:23

Steepe,

A fair assessment there, IMO.

As soon as MC made his statement I thought they would be in trouble, share price wise, and so it has transpired.........

[steeplejack] 30/11/2015 10:21

The trouble is that MC is in no position to play "hard ball" when it comes to negotiations.By his own admission,he's stated that finance is not readily forthcoming.Any predator will drive a tough bargain.Either way -a heavily discounted issue to keep things ticking over or perhaps a firesale of a substantial part of the company-existing shareholders are likely to find the outturn far from satisfactory.Since MC's apologia of the harsh realities of life,the stock has already fallen by near a half.I actually thought that when he made his statement,Condor might well have some irons in the fire.Wishful thinking perhaps.Another junior mining explorer drowning within sight of land.Ironically,by the end of this decade,things will probably be well on the turn .

[sir andrew ffoulkes] 30/11/2015 10:12

It'd be fascinating to see if one of our sellers has any relationship with our buyer or JV partner or 'develops' one in the couple of years afterwards.

[usmcgs] 30/11/2015 10:08

almost 3,5% down on little volume, Large seller behind the scenes still?

[usmcgs] 30/11/2015 10:06

still falling fast

[sir andrew ffoulkes] 30/11/2015 09:58

One wonders if Newcrest will also cast a slide rule over us:

"Junior explorer Oro Verde Limited’s (ASX: OVL, “the Company”) shares are set to soar after completing one of the more significant resources joint venture deals worth more than circa 2.5 times the Company’s market capitalisation.

Oro Verde has attracted the interest of one of the world’s biggest gold mining companiesin Newcrest Limited (ASX: NCM) to explore the potential of its exciting Topacio Gold Project in Nicaragua.

Newcrest will spend up to US$7.9 million (A$11 million) to earn up to a 75% interest in the project. The deal is Company changing for Oro Verde as it:

implies a value of A$14.5m for the Topacio project which is a staggering 2.5 times higher than the current market capitalisation of Oro Verde.
Provides up to $11m in exploration spend which is equivalent to almost double Oro Verde’s current market capitalisation
Newcrest is chasing large-scale, high-grade epithermal gold deposits of at least one million ounces, similar to its high grade Gosowong mine in Indonesia.

Oro Verde believes the Topacio Project could host a multi-million ounce gold resource and the JV agreement indicates that Newcrest shares the same belief.

The Project already has a historical inferred resource of 2,716,176 tonnes at 3.9 g/t gold, containing 340,345 ounces of gold under the Canadian equivalent (NI 43-101) of Australia’s JORC standard. Topacio has already shown exciting early potential with high-grade sampling results, up to 93 g/t gold, delivering a suite of ready-to-drill targets at, and within, close vicinity to the existing 340,345 ounce resource.

And following the inking of the farm-in and joint venture deal, Newcrest is ready to hit the ground running with exploration to start almost immediately.

Oro Verde’s Managing Director, Mr Trevor Woolfe, said that getting Newcrest on board was one of the most exciting developments in the company’s history.

“This fully validates our strategy and is recognition of Nicaragua’s untapped mineral potential,” he said. “And with funding from Newcrest, our exploration efforts will be accelerated.”

“Newcrest is a leader in its field. Its technical expertise in exploration and discovery of epithermal deposits is first class plus it has a track record of taking these discoveries to development and production.”

Under the detailed terms of the deal, Newcrest will spend US$4.4 million (A$6.1 million) to earn a 51% interest in the project. It can then earn an additional 24% by spending a further US$3.5 million ($A4.9 million) over the following three years, for a total of US$7.9 million (A$11 million) over approximately five years.

Full details of the announcement can be found at [hxxp://www.oroverde.com.au/pages/announcements]"

[andy] 29/11/2015 10:36

jeanesy2 29 Nov'15 - 09:13 - 11220 of 11221

"There is plenty he could do. For a start tell the market what he has been saying in those presentations and on his you-tube interviews".


He already has! All those presentations and YouTube videos are in the public domain already! He cannot say anything in a meeting that is not already in the public domain, period.


"Tell the market that he knows of no good reason for the total collapse in share price"

But he does know of good reason! Look at the price of gold, for one, and the markets total lack of appetite for risk as another.

[888icb] 29/11/2015 10:19

You can speculate about doom scenarios all you like but you are just wasting your time and that of other people who may bother to read it. The true value of this company will only be realised when a deal is done. If you don't believe in Mark Child's ability to do a deal you should have sold up long ago and moved on.
It may be easier for you to understand if you imagine for a moment that this was a private company with no listing so there is no daily price flashing on the screens. In such circumstances where are you going to come up with your price of 30p 60p £1.20 or £2+
The answer of course is that you value it based on the resource which gives a much higher figure than 30p. The purchaser will be buying Condors gold based on industry valuation criteria but if some of you wish to start him on his way by selling to him at 30p I am sure he will be delighted. Mark Child will not be selling for 30p or less and nor will I.

[jeanesy2] 29/11/2015 09:13

There is plenty he could do. For a start tell the market what he has been saying in those presentations and on his you-tube interviews. Tell the market that he knows of no good reason for the total collapse in share price.. unless of course he does. Tell the market how many interested parties there are... unless of course there are none.Tell the market whether we have indeed submitted the EIA and how long it will take. Tell the market that we dont need cash until the middle of next year. Tell the market something to stop this rot.. He says he cares about shareholder value but he his allowing this dog of a share to dwindle down to zero. He really needs to do something or it really is all over here - the market very rarely gets it wrong im afraid!!!

[psolomons] 28/11/2015 16:45

Sorry ..repeat post.

[psolomons] 28/11/2015 16:44

marketeer. Not all MCs shares were granted as options. He has invested a great deal of his own money, as I read it.

[usmcgs] 28/11/2015 16:09

Yes he has had plenty of freebies but he has also bought plenty

[psolomons] 28/11/2015 15:12

marketeer. Not all MCs shares were granted as options. He has invested a great deal of his own money, as I read it.

[marketeer4] 28/11/2015 15:09

Psolomons. A slight adjustment may be due to your last post..... MC may lose the opportunity to make a fortune but many here will actuslly lose a small fortune as we have invested real money as opposed to being granted share options.

[usmcgs] 28/11/2015 13:13

Harebridge You are talking rubbish with regards being worth zero and loosing everything.With regards institutions selling there has only been 1 and to be fair there has also been a buyer. That is the great thing about this offer period as we get to find out.With reference no offer well it all takes time and interested parties are still to visit. If there was no sign of a deal then we would vome out of the offer period

[psolomons] 28/11/2015 12:08

If this goes to zero Mark Child will lose a fortune as a major shareholder.

[harebridge] 28/11/2015 11:10

To be honest, there's nothing that Mark Child can do apart from watch this spiral down towards zero.There was a big hoo ha when it was announced this was up for sale.Looks what's happened since! Why won't anyone touch this with a barge pole?There have been enough studies/ reports done, yet no one has shown their hand. Why is this?Surely a bid would have surfaced by now. Not even a rumour of a bid!The market knows something that investors here haven't cottoned onto yet- that no one is interested.AIM is the leakiest, corrupt financial platform of the lot.The dumping of shares, the hefty decline & the deafening silence says it all. Without a bid, this will be suspended/ wound up. Investors will lose everything, whilst Mark Child et al will move to their next venture with their city chums ie Jim Mellon- who did pretty well trading this stock in the early days.