Condor Gold Share Discussion Threads

[888icb] 27/2/2020 14:35

It’s worth remembering that 41% of the shares are in the hands of 5 shareholders who have had to notify their interest starting with Jim Mellon with 15%. I think a lot of shares are in the hands of long term holders below the 3% notification threshold. The number of shares that are actually traded are quite restricted which is why this can move up (and down) quite sharply on relatively low volumes. Let’s see if this apparent change in sentiment can push us up to a more realistic valuation fairly quickly.

[the stigologist] 27/2/2020 14:26

Well I'd call this 'a start'

[888icb] 27/2/2020 13:44

Now number 4 on the leader board so the wider market should be noticing us.

[matt123d] 27/2/2020 13:37

Nice move.

[888icb] 27/2/2020 13:35

Now 11.7% on volume of 263000 share price 28.75.

[888icb] 27/2/2020 13:27

Really moving now through 10% and 250000 volume

[888icb] 27/2/2020 13:25

Now up 8.7% on volume of 215000 so it’s game on to see if we can do better than yesterday. We are getting back to the level we reached on last September’s rise.
Thank you Bomber for that overview.

[bomber13] 27/2/2020 13:00

If you look at the long-term chart of Condor , you will see that in the last few weeks the shareprice has not only broken out of its 10 year downtrend , but all three moving averages have turned up from within a very compressed range . This completes a near 12 month base between 20p to 25p during which the shareprice has had to absorb 2 forced sellers of 10% of the equity , the IFC ( World Bank - political considerations) and City & Financial ( entered administration) . Coincidentally , recent shareprice lows almost exactly match the lows of 2010 and 2016 .

The above comes at a time when not only is the gold price on a roll higher but Condor is within an ace of having its La India project shovel ready with permits granted and land bought . When the original pre-feasibility study was done in 2014 on an 80/- Oz pa open pit mine at La India with an 8 year life , its assumptions were based on a gold price of US$1250 ( currently US$1650 ) & an oil price of US$95 ( currently US$50 ) , and it took no account of either the underground potential or the subsequent high grade discoveries at America and Mestiza , which are awaiting permits any day now . Even so , the post capex AISC was estimated to be one of the lowest in the global gold mining industry at US$690 per Oz .

Not surprising therefore that the Condor shareprice is finally starting to anticipate the first shovel being wielded ?

[888icb] 27/2/2020 11:41

Number 20 on the riser board and 28.05p has been paid on a recent buy trade.

[bushtuckaman] 27/2/2020 11:40

This seems an unnatural rise based on the observable trading data, very little buying volume behind this move. It’s suggestive of a worked buy order in the background.

[888icb] 27/2/2020 11:36

Moving again UP 3.9% at 26.75 and volume 73000. Imagine how it will move if we get some serious volume.

[888icb] 27/2/2020 11:04

27p has just been paid as volume moves to 50000.Are we about to see see a repeat of yesterday?

[888icb] 27/2/2020 08:53

Ticked up 1% in early trades of just 24000. The latest buy was at 26.95P. The FT is sharply down this morning so let’s see if we can continue yesterday’s rise as investors realise what a big vote of confidence about gold in Nicaragua has been made by Rio Tinto.

[888icb] 26/2/2020 16:45

We finished at number 9 on the leader board UP 8.42% at 25.75p and a volume of 232000. I think 27p was paid by someone towards the end. It is about time we saw a recover and I hope it is maintained starting tomorrow.

[888icb] 26/2/2020 16:29

When the riser board updates we should finish in the top 10.

[the stigologist] 26/2/2020 16:19

Was only a matter of time the value was recognised here.

Big chart break out

[888icb] 26/2/2020 16:16

Now Up 8.4% and it’s only small volumes doing this.

[888icb] 26/2/2020 16:14

Now up 6.3% on volume of 213000 and the share price is 25.25. Let’s see if this late run continues.

[888icb] 26/2/2020 15:58

I can see that a trade has gone through at 26p

[888icb] 26/2/2020 15:47

Looks like we are on the move since 3pm having ticked up 2% on 150000 volume we are off again.

[win2003] 25/2/2020 12:39

888ICB Thanks for that, appreciate your input.

[888icb] 25/2/2020 12:15

Canada is a major market fro gold stocks and the valuations tend to be considerably higher than on UK markets. The problem is that the Canadian market has not taken much notice of Condor and the volumes are tiny. It would probably help if CNR could get its share price and hence its market cap back to levels it has seen in the past. Current market cap is £22 million and it would be taken a lot more seriously if it was £50 million plus, as this would bring it in the sights of institutional buyers who often have minimum market cap levels before they will consider investing.

[win2003] 25/2/2020 11:23

It appears that it was up over 30% on the TSX last night, the price here bears little relationship to that in Canada. Sooner or later this must resolve, imho.

[888icb] 25/2/2020 11:11

A 50000 buy at 24p is the last trade on Condor this morning taking the volume to 86000. Gold after an early dip is now 1658.