Condor Gold Share Discussion Threads

[harebridge] 30/12/2015 13:54

"The only person who needs to be held to account for unsubstantiated drivel is you and I think investors need to know the truth about you."Sounds like a veiled threat son!It's clowns like you & Jibbo who mislead & lose people lots of money. So wind your neck in & look at the charts.Thank you

[andy] 30/12/2015 13:50

Sir A,

Mining companies tend to spend money faster than we would like, so I wouldn't be too sure they still have £1 million left in the till.

Even if they do, with raising money in placings so difficult at the moment, they won't run it too close, as the market will know their desperation, and take advantage, as it normally does!

I don't envy MC trying to raise money in the current environment.

The recent share price movements suggest to me a placing may already be underway, they have to build the book, and if at first they don't succeed thay go around againat a lower price, until it's full.

I could be totally wrong of course, I know no more facts than anyone else here, only an insider can know more than us........

[sir andrew ffoulkes] 30/12/2015 11:01

We more than likely have over £1m in cash at the moment, we have no immediate term issues with cash. One simply has no idea why the price has dropped other than panic, most likely initiated by daft articles from TW and exacerbated by incessantly and probably orchestrated negative comments on bulletin boards in relatively thin markets.

[888icb] 29/12/2015 23:17

Why do you feel it is your place to tell them your view of AIM companies. You are exactly the same as Jibbo if your accusation is correct except that you are a misleading derampers.
Mark Child is a very large shareholder and so he shares the pain of other actual shareholders.
The only person who needs to be held to account for unsubstantiated drivel is you and I think investors need to know the truth about you.

[888icb] 29/12/2015 22:49

You seem very interested in it as you post about its imminent demise every day. Why do you do that?

[harebridge] 29/12/2015 21:22

Ok, stay in denial. I had the same folk rubbishing my observations months ago, when I predicted 20p (1p pre consolidation).Here's another prediction just for you. This WILL end badly. No one will prop this up any longer as a fundraising looms. The market & City spivs know something, hence the dumping.Nobody is interested in this company, hence why it is reverting to post El Salvador prices of 10p (0.5p)

[usmcgs] 29/12/2015 21:11

Whilst I agree with some of your points it is simplistic MC has had a part in it. On more than 1 occasion he has stated we will not get the average price to sell. We have fallen from 90 to 40 to 20. Each time the company has had a major part to play. Previously he arranged 1 price for a placing only to get another price. Only a part of this fall is down to market conditions / pog.Imo the market realises that cnr is now in a desperate situation. We have funds but will need a placing probably in q1. How much do they go for? MC has stated how penaltive raising cash to mine will be. Depending on the terms a jv may not be any good and raising smaller amounts imo is not the answer as who knows when market conditions and pog will improve. They could get worse. So that us a gamble.One thing is for certain if mc thought raising cash above 40p would be penaltive what would the placing be like now. Any company offering money now would do so far lower and add to that the effect of no deal on the share price and the picture gets even more bleak

[888icb] 29/12/2015 19:50

The chart is a factual record of the share price from day to day. Clearly if more people want to sell than buy then the share price will fall. The chart does not tell you why more people want to sell than want to buy. Just because a share price is in a down trend that is no basis for saying it will go to zero. If it were in an uptrend would you be predicting infinity?
If someone is not remunerating you for your posts on this board I think you should seek help.

[harebridge] 29/12/2015 18:42

The facts are in the charts.Maybe your screen is upside down, because all I can see is a pattern heading towards 0p.

[888icb] 29/12/2015 17:54

Now that you have sold are you going to take your negative speculation to another board?
There is a small hardcore of derampers on this board who I am sure will keep up their work just fine without you. Now you are not a shareholder I hope you will have something better to do with your time. When a share price is falling we could all speculate on the reasons for the fall all day long. Unless your comments are based on facts they are completely pointless and to repeat the same baseless speculation every day is really a waste of your time and the time of anyone who bothers to read it.
Good luck with your new investment and I hope you choose one that you can feel positive about.

[jeanesy] 29/12/2015 16:45

Something is definitely happening as i could not sell a bean for days. Today was the first chance i had and i took it. We will find out soon enough but i dont think that the news will be good imo.

[andy] 29/12/2015 16:41

I wonder whether they are trying to do a financing and cannot fill the book, and they are trying again at a lower price?

That could account for some selling.

That's a genuine feeling, the drop suggests something is occurring, and of course they could be clearing out a seller, that's another possibility.

GLTA

[usmcgs] 29/12/2015 15:22

I think that the drop is just about right for the volumeWhat is concerning though is the fact that people are still not buying in any real amounts

[jeanesy] 29/12/2015 15:10

Considering we are still in a quieter ' holiday period' the volume today is huge.Considering the number of sells this is holding up quite well. The larger trades do appear to be sells.

[usmcgs] 29/12/2015 15:04

Steeplejack I personally use dummy trades

[steeplejack] 29/12/2015 14:54

You can buy 50000 at 20.4p and sell 5000 only at 20p.I hope this stock isn't dominating your time

[psolomons] 29/12/2015 14:48

50,000 and 30,000 sells have gone through. Stop losses constantly being triggered.

[steeplejack] 29/12/2015 14:47

I don't know whether you are relying upon Advfn to identify a buy or sell but i wouldn't believe the best "guess" to identify which way a trade is,especially when MMs will be only too keen to cross stock within a sizeable spread thereby making it notoriously difficult to be definitive.This is a fairly pointless exercise.The stock is going down which suggests that overall there are more sellers than buyers but don't underestimate that market traders are only too keen to panic punters in and out.Buy on the blue ,sell on the red is the watch word for many (and understandably too) in the land of the momentum trader.This stock has fallen so far ,so fast that even holders who had a reasonable monetary holding ,now hold sod all.The damage is done.Unless you want to realise a capital loss,I see little point in rescuing the residue.Its another "go down with the ship".

[andy] 29/12/2015 14:35

steeplejack 29 Dec'15 - 13:10 - 11415 of 11416 0 0

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The largest sell on LSE is £4,000, so not what I would define as "size"

According to LSE the NMS for this share is 5000, so it is 4 x NMS to be fair.

[harebridge] 29/12/2015 14:05

Jeanesy, we've all learnt lessons by investing in rubbish like this, which dominate AIM.I've steered clear of commodity based stocks for a while & concentrate more on retail stocks- companies that actually make money & are growing/ debt free. I've done pretty well following Paulypilot's blog on Stockopedia & following Zulu type shares.Two of my better performers of late have been ASOS (ASC) & Boohoo.com (BOO) both internet retailers. Good luck.

[steeplejack] 29/12/2015 13:10

If you've got a quote in any sort of size then you can be assured that the market maker has almost certainly got a buyer the other side.No MM is going to engage in prop book theatricals in these junior miners.No news is being interpreted as bad news and that's probably right.Some junior miners always looked specious but that was never the case with Condor until the gold price slid exponentially. Yet,it makes no difference whether it was bad luck or lack of judgement at the end of the day.A loss is a loss.If you're going to put the family silver up for the sale you'd be well advised to check out the market environment first.

[usmcgs] 29/12/2015 13:03

Sorry to hear that but possibly saved yourself and maybe a cheaper reentry point if you so desire

[jeanesy] 29/12/2015 12:37

Finally got a quote to sell and ive finally done it. Lost a fortune by my standards here. Lesson learned. Good luck to all those still in and i really mean that!