Condor Gold Share Discussion Threads

[liquidgold1] 03/2/2016 13:19

Interesting read

hxxp://moneyweek.com/gold-miners-have-never-been-this-cheap/

[fission453] 03/2/2016 13:14

MMMmmm the prats have left!

[fission453] 03/2/2016 12:56

It's quite funny how the other one disappears when the share price climbs!

[fission453] 03/2/2016 12:55

So explain how it is factually incorrect you prat!

[temujiin] 03/2/2016 12:08

When/if CNR feels it needs more working capital then it would imo have very little problems doing a placing.

4.6m shares at say
30p = $2m
35p = $2.3m
40p = $2.6m

That’s with a 10% dilution, which in AIM circles most would consider as far from frightening. Current SP, 38p on bid.

[bumpa33] 03/2/2016 11:54

factually incorrect and shows a not unusual total lack of knowledge plus a few fantasy traits too.

[liquidgold1] 03/2/2016 11:49

Good post on LSE

heres a thought

We have £1M quid in the bank, enough to last 6-9 months..

Why not wait until some news that causes the share price to rerate, like oh I dont know - an EIA approval or some kind of farm in agreement with Newcrest or A.N.Other

Then, if you still need to (as someone like Newcrest might fund this anyway) either sell part of the asset or raise funds at a decent share price like £1 - £1.50 a share to limit dilution (and if you have 4M shares, you surely want to avoid diluting a lot more than us PI's do)

Have some imagination. MC has more experience at doing this than you or I will probably ever have. The guy was a financier for 20 years in singapore ffs.. He wont raise funds at 40p, just prior to excellent news.. And if he was going to, why wouldnt Jim Mellon have waited to buy in a placing rather than at market rates...

Wake up and smell the coffee..

T123

[bumpa33] 03/2/2016 11:33

hey, maybe they would, but just because they've farmed in to something else in the same country doesn't really imply they would here does it? That's a pretty weak argument... and anyway, it still doesn't answer their short term cash requirement does it?

[goneawol] 03/2/2016 11:03

Why wouldn't they?

hxxp://www.news.com.au/finance/business/breaking-news/newcrest-farms-in-to-topacio/news-story/2de27cf0919472c5a2ed601a90a71129

[bumpa33] 03/2/2016 10:52

hey, what's 100k when you're almost out of funds...

liquidgold - you really are a fruitcake aren't you...!

[goneawol] 03/2/2016 10:49

£900k if you do the maths :-)

[liquidgold1] 03/2/2016 10:44

Highly undervalued

Can see this soon in the pound mark. But derampers please have a little more fun if you can manage!

[bumpa33] 03/2/2016 10:38

at best £800k as of now. cash burn £200k a month. do the math

[goneawol] 03/2/2016 10:37

How much cash is left Bumpa, nearly all gone? Running out of time?
All relative I guess..

[bumpa33] 03/2/2016 10:34

nope, just someone who can spot a rescue placing a mile off.

[goneawol] 03/2/2016 10:31

...no interest, nada, zilch.

Oh dear, you're sounding like a tw disciple

[bumpa33] 03/2/2016 10:27

if that's your idea of a great investment, take up knitting pal, you'll do yourself less harm.

[bumpa33] 03/2/2016 10:26

h2o - nobody wants your lousy tinpot project, you've had a decade of trying to promote it, develop it, sell it and no interest, nada, zilch.

speaking of zilch, your cash in the bank has nearly all gone and you're running out of time.

[usmcgs] 03/2/2016 10:26

Looks like some of the 50k have been bought

[temujiin] 03/2/2016 10:22

And I provided another recent one done at $20 per ounce.
===============

Andy,

sorry, didn't see the example you provided at $20/oz so if you have the link can ya post again, ta. End of the day we can both quote examples of high or low $/oz TO, JV's or mergers and in the end an asset is only worth what someone is willing to pay.

But as I pointed out with Challice's $6/oz purchase. It's not the $/oz that is important, it's the $ profit/oz that can be made that is important. And CNR's are currently 1130 - 700 = $430, which obviously compares very well to the vast majority of peers.

[goneawol] 03/2/2016 10:13

usm not posting? how strange..

[liquidgold1] 03/2/2016 10:12

I did say deramper traders trying to mug investors

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