Condor Gold Share Discussion Threads

[usmcgs] 05/4/2016 08:40

Haha hold picked up and fell againI can hold 'some' and still see the full picture. At this stage it is all about keeping money back. Rampers inevitably lose because they bought at the wrong price

[hazl] 05/4/2016 08:33

Sorry it not believable because even when it rose, you repeated same old.
At least goneawol talks some sense.
When gold picks up we will be flying.
H
IMO

[usmcgs] 05/4/2016 08:20

22/23 you obviously can't even read as being an open person I posted my trades at the time. Imagine how much £80-90k has made with those trades because imagining is all you will ever be able to do.

[hazl] 05/4/2016 08:01

You in contast have no shares but sour grapes.....it was quite clear when you sold out at 22/23p I saw your attitude change then in the posts at that time.
Human nature not to like the share to recover without you.
Now move on is my advice.
IMO

[usmcgs] 04/4/2016 23:28

Me thinks hazl reads hos own posts Nothing but a ramper who is losing his paper money

[goneawol] 04/4/2016 23:24

more..

'..some schmucko visited la india project and decided it was worth putting 1.6m in.'
Condor was completely out of cash, living on vapours.
Will be out of money by September, next fund raising July-Sept.


Very bitter.

[hazl] 04/4/2016 20:57

Boy,do some people waste their time here!
I have been out for the day and come back to the same drivel.
It will rise when its ready to rise and nothing you or I say will make a jot of difference.

I am going to tuck my shares away and enjoy their future success!

IMO

[temujiin] 04/4/2016 19:03

No worries Andy, this BB is full enough of lines of filtered messages, we certainly don't need it clogged by me with repeat articles.

[andy] 04/4/2016 18:56

Tem,

thanks, my post is gone also.

[temujiin] 04/4/2016 18:41

'it just makes you look like a desperate ramper'

Hi Andy,

just looked in as had to pick up the missus from the station, and yes Goneawol beat me to it by seconds. Get me, 'a desperate ramper'!

I shall edit my desperate attempt at ramping, to a ... :)

[usmcgs] 04/4/2016 17:21

70k delayed sell

[usmcgs] 04/4/2016 17:21

70k delayed sell

[usmcgs] 04/4/2016 17:11

I see the person with a brain that has goneawol is still replying whilst on filter

[goneawol] 04/4/2016 16:54

Condor Gold has raised £2.6 mln via a placing of units to some heavy-hitting mining industry professionals


Shares in Condor Gold PLC (LON:CNR) were more than three per cent better off in early trade in London this morning, after the company revealed that renowned Canadian mining investor Ross Beaty was one of the key participants in a £2.6 mln placing.

The money will be raised via the issue of 6.45 mln new units priced at 40p each, with each unit consisting of one share and two-thirds of a warrant entitling the holder to purchase an additional share at 60p.

Adding unlisted warrants to a share placing is a classic Canadian fundraising tactic and will no doubt have been driven in part by a desire to secure Beaty as an investor.

Following the issue of the new shares, Beaty will hold just over 7% of the company. But he’s not the only Canadian to have found the terms attractive enough to come on board this time round.

A specialist resource fund affiliated to Sprott Inc., probably the biggest name of all in Canadian junior mining investment, has also come on board.

The arrival of these two Canadian giants on the Condor register marks a significant step change in the corporate development of the company, after it emerged from a mandatorily-imposed bid period at the end of last year and subsequently released highly attractive results from a pit optimisation study run at the La India gold project in Nicaragua by the famous Whittle Consulting team.

That study showed that La India has the potential to produce between 91,000 and 165,000 ounces of gold over the first five years of mining, and has an average NPV US$195M. It willhave been a significant factor in convincing Sprott and Beaty to sign up.

But a technical team from Beaty’s organisation has been down to La India to see it for themselves, and their positive appraisal is a significant boost for the project’s credibility.

“They like the 2.4 mln ounces that we have,” says Condor’s executive chairman Mark Child, “and they like the four grams grade. But then they also like the fact that La India hosts a big gold deposit and that we’re understanding it much, much more as a district play.”

And it’s that aspect that Child believes is a huge tick in the box this time round. “These are people who know what we’re looking for here,” he says. “Sometimes it’s difficult to get that across to the market.”

But when Canada’s biggest mining names endorse your asset and your strategy with hard cash, that’s worth shouting about.

The plan now, buoyed by the new cash, is to de-risk the project by securing full permitting and land access.

Gold, reckons Child, is “underpinned” by negative interest rates globally, and by the dovish noises made by Janet Yellen last week.

That sets a good context for further progress to take place at La India as Condor begins to deploy the new money.

[usmcgs] 04/4/2016 15:27

To me it confirms that jv is no where near, if at all.Without news of eia completion the share price is always likely to drift below the placing price due to dilution

[usmcgs] 04/4/2016 15:26

To me it confirms that jv is no where near, if at all.Without news of eia completion the share price is always likely to drift below the placing price due to dilution

[temujiin] 04/4/2016 13:38

Most people knew a placing would happen if there was no JV or sale, it was only a matter of timing. I thought May as a likely month but happy its here now as it gets funding issues out of the way for good while.

Whats more important now is that:

1. CNR have $3.64m + whatever is left in the bank say $0.5m, minus $0.67m, approx $3.47m.
2. Markets like certainty, and this removes doubt about the size of placing, price of placing and the companies financial strength
3. We have an astute new mining investor, Ross Beaty, that has conducted DD and is happy with what he sees.
4. We have astute directors investing more that know the company details and are happy to increase their holdings.
5. We can reasonably assume Ross Beaty's DD included looking at the ongoing permitting, Whittle report and land purchase mechanism, and was happy with what he saw.

We have been diluted 15%, but that comes with the territory, and imo the cash injection, removal of uncertainty and independant vote of confidence far out ways the 15% dilution.