Condor Gold Share Discussion Threads

[andy] 20/9/2017 22:31

steeple,

I did read somewhere that Condor did not tun up for the case! Who knows?


Why did they decide to prosecute them in the first place, not a great way to win over hearts and minds of the locals is it?



boz,

Sad, but true.

[bozicle] 20/9/2017 21:38

Bought, indeed they will have to be.

[steeplejack] 20/9/2017 14:41

Anti mining protests are certainly not new in Nicaragua.They're an integral part of left wingers attempting to compromise a mining friendly government.These problems aren't unique to Condor therefore and recently in deciding not to prosecute some protesters ,Condor are clearly keen not to exacerbate things.Thereagain,the protesters see the decision as some sort of victory.Its difficult to see what Condor can say but they should have bought these protests to shareholders attention.

[psolomons] 20/9/2017 12:26

Andy, the protests aren't new but how the company are dealing with them will be. I hope they outline a plan for how to win over the locals which will smooth the path to permits being finalised.

[andy] 20/9/2017 12:05

psolomons,


But the protests are not new, so surely they should have updated the market when they began? It is surely price sensitive?

[psolomons] 20/9/2017 09:45

Interims due soon which will be an opportunity for them to update us on permits and protests etc.

[andy] 20/9/2017 09:19

pug,

The protests at the mine must surely be causing some of the fall?


I'm amazed the company has not announced what is going on there, you can easily find it in the media.

[pugugly] 19/9/2017 21:34

8881CB - Just MM's playing games - Down on real transactions as I indicated above- None at 47p
Real question is how much further will it fall before it attacts some big money. Another 10% or further - What do you feel?

[888icb] 19/9/2017 21:24

It's ended the day UP on light volume.

[pugugly] 19/9/2017 15:08

continuing to fall on light volume - real price appears to be 44p bid - 45.4 offered.

[goldguru2017] 19/9/2017 11:13

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- CEO with proven track record of growing public companies share price by multiples
- Leading Canadian gold geologist, Jean Paulter, running drilling campaign
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- Drilling news flow expected before year-end

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[888icb] 18/9/2017 21:16

Gold sector has taken a knock today.

[temujiin] 18/9/2017 21:14

Sells 107k, Buys 40k. Net 67k indicated sells, out of 53,000,000 shares in issue.

[pugugly] 18/9/2017 16:31

Sell volume probably some 110K Looking very soggy -

[fsawatcher] 18/9/2017 11:39

this look bad

chart lookin like a girl that bitten her nails for too long

[goldenshare888] 18/9/2017 11:06

Flight of the Condor could turn into:

NOSEDIVE of the CONDOR!

Chart damage inflicted, sentiment damaged and a re-visit to c 20p could well be on the cards here or MUCH WORSE!

Be careful guys....

[888icb] 18/9/2017 10:34

Volume is only 88000 so nothing to be too concerned about at present.

[pugugly] 18/9/2017 10:25

Looking nasty this morning - OK POG down but not enough (imo) to cause such a fall. Anyone seen a sell tip over the weekend or recently ?

[pugugly] 10/9/2017 13:10

Remember Mellon and Directors were selling at what looks like between 7p and 10p consolidated equiv to 180p - 200p back between Nov 2010 and Jan 2011 - So still some way to go to hit this price but have subsequently reinvested - However as said above premitting is the key - Buy or sell - pay or take - up to you.

[888icb] 10/9/2017 12:52

It should also be remembered that whilst I have been a shareholder the share price has on two occasions been above £2. At that time the project was less advanced and there was much less proven gold. An uptick in deramping is usually a sign that something good is about to happen.
Bring on those permits with your new powers President Ortega. Mellon and Beatty are nobody's fools and only invest for large returns.

[psolomons] 10/9/2017 12:40

The reason the share price doesn't reflect the potential is because without permits to mine, the company has nothing apart from reserves in the ground. It doesn't matter what the gold price is, if you can't get it out the ground you have nothing.
The nicaraguan president Daniel Ortega recently give himself executive powers to grant licences for projects deemed to be in the national interest. That should smooth the path to the licences being issued and value being realised.
Relocation of a village is the key here which the company are working on.
You take a very pessimistic view of things corrientes. If there was no money to be made in gold mining in central America none of the major corporations would be there, but they all are and not slammed by huge levies.

[jeanesy] 10/9/2017 10:51

Im sorry but i have to agree, been here a long time ago. Still no nearer to gold production. A blue sky punt if ever there was one

[corrientes] 10/9/2017 10:33

Not really interested in Condor as an investment, precisely because of where it is.

There are many companies at the same stage as or further on than Condor, and blue sky is almost inevitably invoked to show at least doubling or trebling of the then share price, always based on ridiculous assumptions, optimism and crazy numbers, but it rarely transpires due to sovereign risk. Do you really think the Government of the day will allow Condor or its successor to mine without huge levies ? Why does the price not reflect the 'potential' today, and with the gold price moving up ?

More than 10 years ago now, I made a packet in a Canadian outfit in Ecuador that had discovered what was then the best gold deposit in the world in the previous 15-20 years, and probably still remains so today. Sure the company got taken over eventually, after lots of interest,but the opening of the mine is still as far away as ever due to 'local difficulties'.Central/South America is no longer the best bet for potential gold miners. IMO.

Condor might prove the exception, but I wouldn't bet the house on it.

[888icb] 10/9/2017 09:27

Psolomons
Thank you for setting out Condors current position and the share price going forward once the permits are granted. The permits shouldn't be far away now and so the current share price is far too low. I can only assume the blatant deramping by corri is to try and keep the share price low while he buys some prior to the permits being issued. I expect this to move very quickly to £2 when the permits are issued followed by a sale which should achieve a price to the higher end of the range you have indicated. £5 is only a market cap of £300 million and the gold price is doing quite well at the moment. I have great confidence that the current major shareholders are in this to make a big return.

[psolomons] 10/9/2017 08:33

corrientes, you clearly have some knowledge of the way south/central American countries operate but your maths is way off.
I agree that the permits are vital but when they are granted Condor will have a hugely valuable asset. 3+ million ounces of gold and permission to mine it. To suggest that won't move the share price is ridiculous. Estimates vary from £2.50 to £5 a share. Some of the biggest investors in mining are on board who carried out due diligence before committing their money.
La India is almost certainly a gold district with upto 10 million ounces of gold, that would be worth perhaps double the estimates.
The current share price values the company at just over £30M, to suggest that's its value after permits is blatant de-ramping.