Condor Gold Share Discussion Threads

[dexdringle] 08/7/2019 13:35

I read this as 26 million new shares being issued. 20 million new immediate and 6 million warrant shares (each 'unit' = 1 share and the right to one third of one share at 25p at some point in the future).

Current shares in issue 75 million and will then be 100 million (or thereabouts) after exercise of warrants. We are therefore diluted by 1/3rd but the company gets £4m now and further £1.5m from the warrants later on.....

[rhuvaal2] 08/7/2019 10:13

To keep the lights on and achieving whatever until a buyer is found, now being a most profitable mine in the making... years of hard work done

[andy] 08/7/2019 09:09

Pug,


Indeed, a 50% dilution there, plus warrants!

[pugugly] 08/7/2019 08:44

Very dilutive and warrants put a 3 year cap at 25p - Not nice - but keeps the company alive.

[zangdook] 08/7/2019 08:37

"The Placing Price represents a small premium to the 30 day volume weighted average price of 18.82p on 5 July 2019."

No it doesn't, because the placing is of units which are not the same as shares. I wouldn't mind swapping my shares for units.

"proceeds will be used to advance the La India Project towards production following the grant of an Environmental Permit to construct and operate a 2,800 tonne per day processing plant with capacity to produce 100,000 oz gold per annum from La India open pit."

Does that mean that following grant of the permit, the placement proceeds will be used to construct the processing plant?

Or does it mean that following the grant of an Environmental Permit to construct and operate a plant, the placement proceeds will be used to advance the project towards production (with another placing possibly being required to actually build the plant)?

[pugugly] 08/7/2019 07:05

Very dilutive and warrants put a 3 year cap at 25p - Not nice - but keeps the company alive.

[rhuvaal2] 07/7/2019 10:33

So, in times to come there'll be many saying "wish I had bought a shed-load during the summer of 2019. Foresight and hindsight...

[edjge2] 06/7/2019 22:36

after this gold price correction expect we may see parabolic increase in gold price

[temujiin] 04/7/2019 21:58

CNR shld have a good re-rate eventually imo, but atm they aren't making any money. That would change if they get a tolling agreement with B2B, in which case they become much more attractive as an investment.

ATM though they have a great asset, but no timely way to exploit it, hence the lack of excitement compared to actual producers.

[avsome1968] 04/7/2019 19:55

Surprised Condor are not on move yet considering how strong the momentum is with gold, if gold can be around this price in 6.8 month's time we will be popping the corks, I've added a few more today think there a bargain.

[888icb] 03/7/2019 21:59

And the late reported trade was at 19p on a low volume day.

[shakester2] 03/7/2019 20:41

Nice 100k buy late reported

[goneawol] 02/7/2019 19:43

With thanks to tester123..

[rhuvaal2] 02/7/2019 09:25

yes 888 = EVEN more gold

[888icb] 02/7/2019 00:21

I think they want to sell and this makes it more saleable as there will be even more gold.

[temujiin] 01/7/2019 20:06

It is good news, but I'd rather they spent the money they have getting the first mine up and running with a tolling agreement, or JV to full production, before drilling more holes in new exploration acreage.

[888icb] 01/7/2019 12:13

RNS granting Condor a new concession adjacent to its existing La India is good news as it shows progress and That Nicaragua is still positive on gold mining. UP 5.8% on low volume.

[frogkid] 28/6/2019 14:00

Hi Boris, what's the deal here ? Been watching for a while.Frog.

[boris cobaka] 27/6/2019 16:29

edjge I sold out of my jnug rather reluctantly a couple of days ago but I've just bought back in. We're in a different situation with gold now. It's gonna be harder to trade so I think i'm going to stay with it for a while.
CNR though looks like it might break that earlier low after what should have been a rerate back to the 30's. Admin stuff now impacting and potentially quite damaging until sorted.

[edjge2] 24/6/2019 22:26

OTT jnug is splitting again
CNR needs more tome but will look better at $1900 gold

[boris cobaka] 21/6/2019 08:54

Simply an early profit taking exercise - 21p goers then we're off.
Gold breaking $1400 overnight won't any harm. Genuine breakout and more to come but expect volatility. It's the miners though where the best returns will be realized.
The etf's gdx, gdxj, nugt and jnug will go mental. They'll help to drag the mining co's with them.

[888icb] 20/6/2019 21:59

B2 Gold are operating a successful gold mine nearby so it certainly can be done and Condor have good relations with the authorities in the country so it should all be achievable.

[edjge2] 20/6/2019 21:17

Andy may be one from the bottom drawer as have excellent resource, shame about the country

[andy] 20/6/2019 20:58

888,


They re a long way off from producing any gold in a country with political problems, that's probably why.