Condor Gold Share Discussion Threads

[usmcgs] 10/12/2015 11:16

AndyIf you were really interested you would already know. I think we should pay more attention to your fixation with 1 low ball deal lol

[andy] 10/12/2015 09:30

usmcgs,

Usual BB rubbish, "you have your own agenda"! LOL!

Please supply me with the recent list of 10 deals you are referring to, I would like to review this sample.

TIA

[usmcgs] 10/12/2015 09:30

Harebridge There is nothing wrong with the EIA as far as we know as of now. It is a thorough 700 page document. We also know that because of the imf cnr have had to be extra thorough with what they have been doing.AndyI would say that it is you that have been fixated on what appears to be an extra low price. As stated I would look into why that was. What we do know, from data provided, is that Cnr have a world class resource, mining friendly country, good tax terms, only 10% of our land explored, data showing good furher prospects, reports done by companies that are known to be tough, low cost etc etcI have always tried to criticise cnr when I feel the need and prefer a balanced approach. You on the other hand appear to have 1 agenda that is not balanced

[harebridge] 10/12/2015 09:17

I also agree that there have been deals done at around that figure BUT what of all the deals that collapsed/ didn't come to fruition.As time goes by, this looks more & more fundamentally flawed.EIA, legal disputes etc are putting potential buyers off & if no one comes forward, there will be a very good reason.Mr Market knows something Mr small time punter doesn't.

[usmcgs] 10/12/2015 08:47

AndyI believe you have your own agenda Your statement regarding amount of deals to look at is pointless as we have already had a sample of 10 recent deals and that average price, as stated, is above $50. People willing to do their own research, as they should, can make their own minds up on whether to take a 1 off price or an average price. As I stated they should also look at the details behind it though and why your quoted deal was so low

[andy] 10/12/2015 08:06

usmcgs 10 Dec'15 - 07:17 - 11305 of 11306 0 0

I would rather look at a sample as opposed to just 1

---


There aren't many deals being done, and there's an obvious reason for that!

So take notice of the recent one done in Canada between two Canadian listed mining companies!

It could take a long time for a "sample", in this market.

Or is the low number you don't like?

[jeanesy] 10/12/2015 07:28

What serious concerns? .... Do we have an EIA permit.. do we own the land... do we have any money.. a rapidly declining shareprice.. a well known investor saying we will be wound up after Xmas.. silence from MC ... sorry but if you dont have any serious concerns.....

[usmcgs] 10/12/2015 07:17

I would rather look at a sample as opposed to just 1. That sample stated the average at above $50. As I said statistics can be made to say pretty much what you want though and the project you quote would have had reasons as to why the price was so low

[andy] 09/12/2015 23:56

usmcgs,

That deal is a good indicator, it is very recent.

And it's in Canada, so as politically stable as it gets!

look at the numbers, nowhere near $50 an ounce.

[usmcgs] 09/12/2015 21:37

What serious concerns?

[harebridge] 09/12/2015 20:51

Forget $50 oz. There are serious concerns about the validity of parts of the project that hadn't come to light before. No suitor is going to be interested with all these question marks, hence the rapidly declining share price.Once all questions are answered, this could stop declining, but that could be months away. At this rate of free fall, Mark Child hasn't got months- a few weeks at best before he has to make a very serious decision about the future of cnr.

[usmcgs] 09/12/2015 20:38

Interesting but I do not know anything else about it. I used to work in statistics and I would say you can get them to say just about anything. I think that I'd rather take a larger sample, such as the 10 quoted in the average price, although that needs to be looked at in further detail ie costs, political stability etc.

[andy] 09/12/2015 20:16

usmcgs,

here's a very recent deal in Canada, here you can see the numbers they went with.


Carlisle's primary asset is the Lynn Lake gold project located in the highly prospective past producing gold camp in Lynn Lake, Manitoba, Canada. Lynn Lake is comprised of five near surface deposits which contain total measured and indicated mineral resources of 40.5 million tonnes grading 2.11 g/t for 2.75 million ounces of gold and total inferred mineral resources of 51.8 million tonnes grading 1.37 g/t for 2.28 million ounces. In February 2014, a positive preliminary economic assessment ("PEA") was completed on the two primary deposits, the MacLellan Mine and the Farley Lake Mine, which detailed average annual production of 145,000 ounces of gold at all-in sustaining costs of C$644 per ounce over a 12 year mine life.

Excluding Alamos' existing 19.9% ownership of Carlisle, and net of Carlisle's current cash, total consideration for the acquisition is approximately US$22.1 million (C$28.5 million).


There are currently CAD $2 for every £ sterling so halve the numebrs above to compare apples with apples.

[jeanesy2] 09/12/2015 19:40

lots more buys than sells and yet we are down another 9%! MC where are you. This needs an RNS saying that we no of no reason of the dramatic fall in shareprice recently.... unless of course we dont have any money to pay for one !! Apparently there are no more presentations lined up either.. cant afford them or dont need them anymore? if there are any bidders interested here then they have played a blinder as they will get this for any price they want pretty soon. How to shoot yourself in the foot with one simple RNS on a friday after hours!!.. as I sadly said at the time !

[usmcgs] 09/12/2015 19:01

Andy,

MC seems to think less but maybe he is playing a game. We have a world class resource so I would hope for a figure near there but the dropping share price does seem to be making a few nervous lol

[andy] 09/12/2015 18:56

usmcgs,

Ok thanks for your reply.

You did say "the average price paid recently is above $50. We also know the facts behind our project make us a world class resources."

So I assumed you think any offer will come in around $50 per ounce.

If not $50 per ounce, what price do you think those ounces might be bid for at?

[usmcgs] 09/12/2015 16:19

Well he certainly seems to have history.Some of his inaccuracies have already been documented, concerning cnr. If he wants to be believed then at least he should be accurate

[harebridge] 09/12/2015 16:16

I've always wondered why TW had a massive grudge against a tiny company like cnr!

[usmcgs] 09/12/2015 16:03

So no I do not believe that TW has got his facts wrong. Instead I believe that he has a grudge, perhaps mc wouldn't pay him for coverage, or perhaps he is just a shorter

[usmcgs] 09/12/2015 16:01

Hare bridge from lse:

The guy needs to get his facts right. He is saying we are out of cash by Jan, which I do not believe is correct. Let's not forget his previous comments about no infrastructure, which is clearly wrong. imo he is a shorter but unfortunately he has his followers
Considering MC has stated, in this offer period, we have enough cash until well into next year I would have thought MC could be in a lot of trouble if he has misled the market and we do run out of cash come Jan.

[usmcgs] 09/12/2015 15:24

No I am saying I expect a bid way above the current share price and based on that, those currently investing stand to hopefully multibag from here

[andy] 09/12/2015 12:31

usmcgs,

Ok so If I understand you correctly you think Condor will receive a bid in excess of $149 million for La India,as a minimum?

That values just under 3 million ounces inferred, indicated, and probable, at > US%0 per ounce, is that correct?

[usmcgs] 09/12/2015 12:28

Harebridge That seems to be his default stance lol

[harebridge] 09/12/2015 12:23

Jibbo is back & in total denial & totally paranoid- thinking every poster on there that is stating the obvious is his old nemesis illhavesomebhr.