Condor Gold Share Discussion Threads

[the stigologist] 16/1/2020 17:12

Wow.

What metrics was B2Gold sold on ?

[bomber13] 16/1/2020 16:45

Calibre Mining released their Q4 and full year production statistics mid-week , and predictably met their guidance . However , what is particularly interesting from Condor’s point of view is that , contra to the Calibre CEO’s earlier declaration that underground mining at the La Libertad mine would resume before end 2019 , underground mining would still seem to be suspended , and has been so since 21st November , 2019 . Here is what the company said -

" The government continues to make progress with the relocation of households in the nearby community of Santo Domingo affected by the artisanal mining driven ground instability issue. The Company is working closely with the government and community to ensure a safe and responsible resolution. Mining at the Jabali open-pit remains unaffected. "


There is clearly still quite a lot of disruption , and , moreover , the government is involved , which is unlikely to be going down well with local inhabitants . No great surprise , therefore , that Calibre is blaming ground instability issues on the artisanal miners .

La Libertad is a low grade ( 1.74 g/t ) bulk tonnage operation , which is running out of ore . Its processing plant has an annual capacity of 2.25m tonnes of ore , and in Q4 2019 it treated only 353/- tonnes for 18/- oz of gold . For 2020 we have been given guidance to expect 70/- to 75/- oz of gold production from La Libertad , which would imply a plant throughput of around 1.4m tonnes at similar grades , substantially below capacity .

With the above spare capacity in the plant , the unresolved underground mining problems at La Libertad , and Condor’s substantially higher grades , a toll deal between Calibre and Condor makes so much sense . Condor’s permitted La India concession has an average grade of 3.6 g/t in the indicated category , and metallurgical test work done by B2Gold last year prior to selling out to Calibre produced recoveries of 95.4% . Condor’s two high grade feeder pits currently awaiting imminent permits have an average grade of 9.9 g/t in the indicated category , and therefore may well be thrown into the mix ?

[the stigologist] 16/1/2020 11:57

ticking up again

great chart set up

ridiculously undervalued

[temujiin] 10/1/2020 19:50

Two observations.
For me personally I'm not a big fan of share price Angel as they always seem more towards the bucket shop of brokers.
On the plus side MC saying 'an exciting time when Condor is heading towards gold production' seems bullish. But as always, unless CNR get a JV, or tolling deal, then the share price imo is going to continue to be stagnant.

[someuwin] 10/1/2020 11:37

Been buying here. Could get interesting.

[paleje] 10/1/2020 08:39

Every little helps.

[zangdook] 10/1/2020 08:32

Perhaps share price Angel comes with Nectar points.

[paleje] 10/1/2020 08:20

Why the broker switch I wonder.

[the stigologist] 10/1/2020 07:58

Mark Child, Chairman and CEO commented:

"On behalf of the Board I would like to thank Numis Securities for acting as the Company's Broker for the past six years. I am delighted to appoint share price Angel as the new Broker to the Company at an exciting time when Condor is heading towards gold production from the permitted La India open pit, expanding the production potential by permitting two high grade feeder pits and continuing with the strategy to demonstrate a 5M oz Gold District

[888icb] 09/1/2020 22:34

Indeed nice tick up at the close to 22.10p UP 7.8% on volume of 280000 from 20 trades.

[the stigologist] 09/1/2020 18:28

Nice finish !

[888icb] 09/1/2020 15:14

Volume has picked up to 229000 from 14 trades and we are now UP 4.88% at 21.50

[the stigologist] 09/1/2020 14:50

Clearly defined double bottom / W formation occurring here.

[the stigologist] 09/1/2020 13:01

With many quality juniors being discounted the past few months, I expect mid-tier and major miners will continue to be in a buying mood into next year. And at some point, we can expect these producers to look further down the food chain to junior developer/explorers who control large, established resources with blue sky potential. This will be a natural progression of the recent deal flow, as the majors are running low on economic reserves for future production. The strategy of buying a basket of the best in breed resource-rich juniors at this low point of the cycle makes sense and the sector is presenting excellent buying opportunities for informed speculators.

[the stigologist] 09/1/2020 12:50

as mentioned previously



"Long-suffering shareholders of Condor Gold (LON:CNR)should be pleasantly surprised, I believe, as gold goes up, and gold pouring comes closer to reality."

[bomber13] 09/1/2020 11:14

Quite apart from Jim Mellon's recent bullish comments , the other very interesting thing is the lack of news on Calibre Mining's La Libertad mine .

Underground operations at La Libertad were suspended on 21st November owing to ground instability issues ( please see link below ) , and , although the CEO was confident that blasting would resume by year end , there has been no news . Perhaps there is an ongoing problem ?

In any event , without a significant uplift to resources , the La Libertad mine is dying . Production last year was guided to be 95/- to 100/- oz at AISC between US$1150 and US$1190 , and is forecast to be 70/- to 75/- oz this year at AISC between US$1050 and US$1100 . Understandably , Calibre is planning to spend US$10m on resource drilling around La Libertad this year alone .

If ever there was a case for a toll deal with Condor to fill up spare capacity in the La Libertad plant , this is surely it ?

[the stigologist] 09/1/2020 10:02

This chart just wants to go UP

[the stigologist] 08/1/2020 19:49

Interesting.

[888icb] 08/1/2020 17:54

In Canada Condor is UP 10.26% currently on volume of 36000 at 0.43 which converts to 25p.

[black bird] 08/1/2020 12:16

paid to much, 27p 2019 2021, should make a profit company rns come to light BB

[888icb] 08/1/2020 00:39

Gold above 1600 as Iran launches attacks on US airbases in Iraq.

[the stigologist] 08/1/2020 00:10

Well Gold spiking tonight as Iran retaliates against the illegal US occupation of Iraq

[the stigologist] 07/1/2020 22:20

Jim is a good lad. Like the fact he was sending the ultimate message by buying stock in the market. Maybe he is again ? Or maybe he's not allowed to anymore

I can see significant interest for this asset given the nearology

[888icb] 07/1/2020 21:39

Jim Mellon has written a bullish column in this months Master Investor. In relation to Condor I will quote him verbatim
“Long suffering shareholders of Condor Gold(LON.CNR)should be pleasantly surprised,I believe, as gold goes up,and gold pouring comes closer to reality”
That sounds like a very positive comment to me rather like is is trying to tell you something he perhaps shouldn’t. Let’s see how it goes.

[cantrememberthis2] 06/1/2020 21:53

Seems like ARB this could move strong on decent update IMO.
Quick Summary here: