Condor Gold Share Discussion Threads

[jeanesy] 31/1/2016 18:31

Im expecting a fundraising next week myself. Now the shareprice has been pumped then it makes sense to try and raise some money to move forward. But long term I really dont know where this goes. Nobody was willing to buy when under SR and nothing has changed since. I will be amazed if the price holds next week

[andy] 31/1/2016 12:23

888ICB,

Some large assumptions there.

Nobody can predict what the oil price will be next week, never mind next year, but that is not the same as gold,as oil keeps the planet's industry moving, and is indispensable.

if people eventually come to their senses and restrict output, the price will rise, if it doesn;t happen, it will not,fairly simple. At the moment they are not all friends and everyone is hurting. Shell are making an assumption they will all eventually have to come together to fix production quotas for the common good, and they are large enough to wait it out.

Gold is very desirable but not required to keep industry moving, so is not so important.

To make the assumption the POG is going to rise anytime soon is just that, an assumption. If it doesn't, the recent report is way out in the numbers declared, and I still can't believe they are allowed to release that without giving revised numbers for the current price of gold, for consistency!

Clearly the Whittle pit numbers should reflect the current gold and silver prices, otherwise what use are the figures?

$19 silver? Do you want to buy mine at that price?

[888icb] 31/1/2016 11:13

The price of Gold over the life of the mine is the key factor in determining the value of CNR.
This point is well made by Goneawol in a response to a comment that the figures in the Whittle report should be adjusted down to the current gold price.
You only have to look at the Shell-BG deal just approved by their shareholders. The price of oil needs to be $60plus for this deal to make sense and as we all know it is currently in the region of $35 and has been below$30. The head of Shell believes the $60 plus will be the long term case and so do shareholders it would appear.
Condor is massively undervalued at its current share price and there is a very large safety net for people buying at the current share price in my opinion because Mark and the other large shareholders will sell based on industry valuations of gold. The proper valuation case gets you close to £3 per share and that puts no value on the gold yet to be proven which in all probability is much greater than what is proven.

[andy] 31/1/2016 09:55

"The Study is a strategic planning tool and is not NI 43-101 compliant."


You have to dig down but it's there if you look far enough!

[harebridge] 31/1/2016 09:34

CNR is an exploration company & shareholders will only realise true value when it is sold.The problem is, that when it was for sale, NOBODY was interested. FACT!Can those orchestrating this pump please explain why anyone would want to buy this company now, when nobody was interested a few weeks ago at 17p?The reason why nobody is answering this fundamental question is that those pumpers mostly exited on Friday. Watch the exodus continue on Monday.

[steeplejack] 30/1/2016 23:26

"The average NPV is US$196M compared to the current market capitalisation of US$12M, valuing the Company at a price-to-book ratio of 0.06 times, highlighting the material undervaluation of the Company's shares." Jan 22The price went higher because of MC's comments following the upgrade.In effect,the comments were saying that Condor was worth more dead than alive and Mellon appeared to support that view with a small stock purchase.At some stage(whether finance is immediately forthcoming or not)assuming that gold doesn't totally tank,the La India mine remains a potentially very attractive prospect.An attractive prospect that costs less than a large house in High Street Kensington.It is probable that at some juncture La India will come good because of the stark calculations of return on capital employed.The share price at around 20p had simply become overly transfixed with the apparent absence of eager financiers.Afterall,the share price isn't authoritative, it's a simple reflection of greed and fear in a thin market.

[andy] 30/1/2016 23:08

goneawol 30 Jan'16 - 21:10 - 12672 of 12674 0 0

Andy, you're putting too much importance on the current price of gold. The forecast PoG over the life of the mine would be of more use to any interested party.

---

Sorry that is not correct.

If anything, they use a 200 or 300 day trailing price, certainly not a "forecasted price".

Forecasted by whom?

[usmcgs] 30/1/2016 21:45

Now we know what his id refers to it is his money's goneawol lolLow 40s or worse Monday?

[goneawol] 30/1/2016 21:19

JM is a non-executive director, so would not ordinarily be 'in the know'.
Maybe he just knows a bargain when he sees one.

[goneawol] 30/1/2016 21:10

Andy, you're putting too much importance on the current price of gold. The forecast PoG over the life of the mine would be of more use to any interested party.

[saturdaygirl] 30/1/2016 19:33

Silver at 19.75 !

That goes back to July 14



I`ll bet the rest of the mining sector would like to use $19 p/oz

[andy] 30/1/2016 19:29

Which is fine.

But why didn't they rework the numbers for the current price of gold?

It's easy enough to do if you have the model, the result would not look so good though.....................

[goneawol] 30/1/2016 18:58

From the RNS..

'..The optimised cases were developed from work done from May 2015 through to September 2015. The gold price for this work is $1,250 per troy ounce, and the silver price is $19.75/troz in order to have a like for like comparison with the PFS and PEAs.'

[andy] 30/1/2016 17:48

Zeus19,

I think the Jim Mellon RNS was the one that drove the price up because it was used to spread the word that such an important investor was buying, and then the share price really took off.

The Whittle report has two problems, IMO;

It's not 43-101 compliant.

They used a price of gold some $150 ABOVE the current price of gold!

Why couldn't the Whittle study have been done at $1,100 gold?

maybe because it wouldn't have looked so good perhaps?


This was pure promotion!

[zeus19] 30/1/2016 13:41

It's funny how the amateurs believe Jim Mellons tiny share purchase is what started the uptrend.It wasn't Jim's purchase that did as that was only declared on the 26th and was tiny so wouldn't have played a big part in the buying pressure.The buying started when the full results of Whittle Consulting's Optimisation Study were released. Remember, Whittle are the masters in this field. Looks like Jim's purchase was made of the back of those results

[zeus19] 30/1/2016 13:34

I think the only loser here is you Ian... Sorry I meant usmcgs

[jeanesy] 30/1/2016 13:31

Totally irrational what has gone on this week. The rise has been incredible for a company that has released no news that is transformational. Still no EIA permit and money to run out soon. No-one wanted to buy when the SR was on so why buy now ?? They dont have the money to go it alone , so a placing would give them some time but unless gold suddenly rises massively I dont honestly see where they go next.

[usmcgs] 30/1/2016 13:24

Funny thought you losers would still be crying lolThere again a problem shared .....

[usmcgs] 30/1/2016 12:45

Another loserKerching

[goneawol] 30/1/2016 12:41

usmcgs, sorry to break the news, no one cares.

[usmcgs] 30/1/2016 11:41

I have been open on when I have bought and sold. You will find it on here, lse and iii. I originally sold out above 90p. Bought back loads in the teens. I have been trading plenty over the last week but yesterday posted 2 trades in the mid 30k, which I sold @ 66p. These trades were a blend of purchases in the teens and low 20s.There is almost nothing worse than a whining loser

[steeplejack] 30/1/2016 10:54

Where this share goes from day to day is difficult to predict but there has always been the certainty that certain posters on this site would inform us of their shrewd trading acumen.And there we are,the shy wallflowers sharing with the unworthy the news that they bought in the high teens.The only question was when this news would be released to an awe-struck public.