Condor Gold Share Discussion Threads

[usmcgs] 25/1/2016 10:55

Losers

Money money money ;)

[cavendish234] 25/1/2016 10:54

He is not a fool,just a numpty haha

[cavendish234] 25/1/2016 10:52

Harebridge is NOT Mcgregor,
harebridge got out of here at the right time,Mcgregor lost here BIG time

Zeus19 he thinks I'm Jibbo but I am not

[zeus19] 25/1/2016 10:42

What are you talking about you fool. I'm guessing great minds post alike but I can assure you we are not the same person nor do we know each other.Reading over past comments, I would say usmcgs and harebridge are the same person as both seem to be constantly running to each other's aid

[usmcgs] 25/1/2016 10:39

I hope everyone is noticing the paternity with Cavendish and his "friends" including zeus the "banker" nearly always 2 posts 1 min apart. They always post in groups

[zeus19] 25/1/2016 10:34

I don't know who this Jibbo is but if he's responsible for today's increase, good on him

[cavendish234] 25/1/2016 10:18

I was thinking of going camping any tips

[cavendish234] 25/1/2016 10:17

Mcgregor What qualifications do you need to be a road sweeper?

JobCentre None. You just pick it up as you go along

Mcgregor It seems a bit to qualified

[usmcgs] 25/1/2016 09:57

Looks like jibbo is having another busy day at the 'bank' or is it that he is back from the paper round

[usmcgs] 25/1/2016 09:09

Decent volume thus far

[usmcgs] 25/1/2016 09:05

It is noticeable that those that were ramping friday, on lse, has disappeared

[usmcgs] 25/1/2016 08:39

Even the lse rampers are quiet. Have they sold out?

[usmcgs] 25/1/2016 08:17

I'm betting there's a few people with a nervous disposition today lol

[zangdook] 25/1/2016 03:17

That idiot picks them with a pin, just like he did when he was managing a fund.

[steeplejack] 25/1/2016 00:57

TWs comments are fair enough.We know that the company is short of money and that funding has to come from somewhere.That doesn't alter the fact that there has been a material upgrade to estimates relating to La India which can't hurt in the search for backers,hence the share price rise.In fairness,the La India prospect compares favourably with many others sported by juniors so TW is possibly overly derogatory.Yet in the absence of bidders champing at the bit,it's difficult to contest his acerbic observations.I still find it peculiar that some spend a disproportionate amount of time putting the proverbial boot in a stock that is 90% off its peak.Simple case of "kick a man when he's down I suppose".

[usmcgs] 24/1/2016 17:44

Temujiin I do agree but we know some forms of cash raising will occur. The most uncertain thing is how much.I also feel on buys v sells the 30%+ has been over done.Will be watching keenly next week and respond according with buying or selling.GL

[temujiin] 24/1/2016 17:39

Usmcgs/Andy, as CNR are likely to run out of funds at sometime around the middle of the year, maybe Q3, & most will agree CNR are unlikely to leave it to the last minute, you're both on reasonably safe grounds to suggest book building/ a placing might be sooner than later. You're both speculating on this point though, which is fine.

I'm just pointing out that I often see posters saying a placing is imminent. On the VOG BB dilution has been imminent for 3 years now, according to some, but it still hasn't arrived. :) Obv CNR will raise funds soon enough, which is good, the fear of dilution is often much worse than the event.

[andy] 24/1/2016 14:42

Tem,

The current market is incredibly difficult to raise money in, they will not leave it that late to start, IMO, or he really will be taking a chance. It would be crazy if they did that.

I strongly suspect it's underway now, these things take time, and the promotion to raise the price will naturally occur before the book building commences.

If they can't raise it too much they may wait and hope the POG increases, but my guess is the process is already underway......

Why do the promotion and then allow a drift back, and raise money at a lower price, ask yourself that?

[andy] 24/1/2016 14:36

Tem,

I have seen this time after time over the years, and these are always the signs to look for.

It's when they all occur TOGETHER that gives off the strongest signal,as the push is underway and the IR team are working overtime to raise the share price to get the placing done at the highest price they can.

A broker note with a valuation multiples above current Sp is also a strong signal, as notes are written for a reason!

[usmcgs] 24/1/2016 00:19

Temujiin I thought it would be about the end of this quarter but TW did make a valid point ref the share price rising. It would make sense whilst the price has recovered. Also a 30% rise so far, on the buys v sells seems over done. Should be an interesting week coming up

[temujiin] 23/1/2016 19:51

Andy, I agree with Goneawol. Your reasoning that a placing is under way is based on that

We have had the "broker note",
a newspaper article,
an optimistic looking RNS,
and presentations,

The above list has happens all the time and with most companies. That isn't to say that a placing isn't being thought about or even progressed atm. CNR have funds until June July after all, but your logic seems tenuous at best imo.

[andy] 23/1/2016 18:58

goneawol 23 Jan'16 - 11:16 - 12264 of 12270 0 0

Andy, I'd hardly call it an article.
More a comment on share price movement due to news.

Fair enough, but it's a mention, and these things tend to occur around placing time.


As the whittle report is based on the PFS/PEA produced by SRK in December 2014 the same gold price is used. The percentage increases in the Whittle report are still relevant.
It's easy to rework the figures using a different PoG, probably with a more forward looking figure rather than today's price.


Agreed, but If it's easy to rework the figures, why didn't they do it?

They could have given both and that would have been fine, but I think what they have put out is misleading, as it refers to a gold price way above the current price.

If they had given both it would have been fine.

[goneawol] 23/1/2016 17:22

Thanks for making me listen to that. Explosive? Very detailed? He must have updated it since you listened, just more of the same from tw.

After his forecast that the company will run out of money by Christmas, no sorry, his birthday, he has decided to move the goal posts again to say they only have enough cash to last to the summer.
Which coincidently now agrees with what Mark Child has said.


(His rant on Condor is at 10:45 to save you listening to the rest)