Condor Gold Share Discussion Threads

[dexdringle] 23/4/2020 13:53

Oil is racing down. The shares of oil companies are down.

Gold is racing up. If only we'd invested in a gold mining company.

Oh wait......

[888icb] 23/4/2020 11:06

Unchanged on volume of just 12000 from 3 buy trades. But Gold is continuing to improve and is up to 1724.

[888icb] 21/4/2020 16:37

Slightly odd today’s fall because on the face of the reported trades the buys outnumber the sells. The markets are all having a bad day so perhaps it’s down to that.

[book5] 21/4/2020 15:02

still a seller out there

[goneawol] 21/4/2020 08:32

World gold forum presentation..Http://condorgold.com/sites/default/files/presentations/Condor%20Gold%20World%20Gold%20Forum%2020-24%20April%202020%20FINALv3%5B1%5D.pdf

[bomber13] 19/4/2020 09:26

Whether by luck or good judgement Coronavirus is certainly not rampaging through Nicaragua , and you will also see from the detail of it below that , after speculation as to the whereabouts and health of President Ortega , he reappeared in public 3 days ago .

If Ortega is determined to show the world that it is business as usual in Nicaragua , one would imagine that he would be keen to grant permits on the high grade feeder pits to Condor at the earliest opportunity . One would also imagine that he would not be best pleased with Calibre's decision to temporarily shutter its two gold mines at these lucrative gold prices .

Furthermore , the President might also be eager to support a toll deal between Condor and Calibre in order to kickstart La India , and utilise the 2000 tpd spare capacity at Calibre's La Libertad plant . What is good for shareholders of Condor and Calibre is also good for Nicaragua .




NICARAGUA - Coronavirus latest

Spread

April 16: 9 confirmed cases, 1 death
April 15: 9 confirmed cases, 1 death
April 14: 9 confirmed cases, 1 deaths
April 7: 6 confirmed cases, 1 death
March 31: 5 confirmed cases, 1 death
March 26: First death
March 24: 2 confirmed cases
March 18: First confirmed case
Vice President Rosario Murillo, who is the wife of President Daniel Ortega, confirmed on March 18 the country’s first case, involving a 40-year-old Nicaraguan man who had traveled to Panama City.
Government response

Nicaraguan health authorities are visiting households across the country to verify their sanitation measures, said Murillo, per an April 16 report. The brigades also give each family an information sheet listing a number of preventive measures to contain the spread.
Ortega addressed the nation in a televised address on April 15, breaking his 34-day silence and putting an end to speculation as to his whereabouts and wellbeing. The president insisted that all the country’s cases are “imported̶1; and that the country hasn’t “stopped working, because if this country stops working, it dies.” Ortega did not announce new measures.
Director of the Pan American Health Organization Carissa Etienne expressed concern via an April 7 video press conference about Nicaragua’s handling of the pandemic, saying the organization considers it an “ineffective prevention.”
On April 2, the government extended Easter school closures an extra week, and classes are scheduled to resume April 20. Murillo announced that Easter vacations would also be extended for public employees and that they are to return work on April 15.
On April 1, Ortega named Martha Verónica Reyes Àlvarez as the new Minister of Health, replacing Carolina Dávila Murillo. Dávila Murillo will now serve as an advising minister to the president in charge of overseeing health services in Managua.
On March 25, the country's armed forces closed down all unofficial entry points across Nicaragua’s southern border with Costa Rica, reports La Prensa. The move followed a March 21 meeting between Costa Rican and Nicaraguan officials in which the two countries agreed to collaborate in sharing health information but did not commit to closing their shared border.
Before authorities confirmed the country’s first case, Ortega’s administration announced that it would ban wakes and funerals for those who die of the virus.
As of the time of the confirmation from Murillo, the government had not implemented quarantines, school suspensions, or travel restrictions, nor did she indicate if or that it would. A number of local businesses, including bars and restaurants, decided to close down to protect their staff and clients.
Economic impact and measures

The World Bank forecasts that Nicaragua’s GDP will see a 4.3 percent contraction this year.

[bomber13] 18/4/2020 17:55

Whether by luck or good judgement Coronavirus is certainly not rampaging through Nicaragua as yet , and you will also see from the detail of it below that , after speculation as to the whereabouts and health of President Ortega , he reappeared in public 3 days ago .

If Ortega is determined to show the world that it is business as usual in Nicaragua , one would imagine that he would be keen to grant permits on the high grade feeder pits to Condor at the earliest opportunity . One would also imagine that he would not be best pleased with Calibre's decision to temporarily shutter its two gold mines at these lucrative gold prices .

Furthermore , the President might also be eager to support a toll deal between Condor and Calibre in order to kickstart La India , and utilise the 2000 tpd spare capacity at Calibre's La Libertad plant . What is good for shareholders of Condor and Calibre is also good for Nicaragua .




NICARAGUA - Coronavirus latest

Spread

April 16: 9 confirmed cases, 1 death
April 15: 9 confirmed cases, 1 death
April 14: 9 confirmed cases, 1 deaths
April 7: 6 confirmed cases, 1 death
March 31: 5 confirmed cases, 1 death
March 26: First death
March 24: 2 confirmed cases
March 18: First confirmed case
Vice President Rosario Murillo, who is the wife of President Daniel Ortega, confirmed on March 18 the country’s first case, involving a 40-year-old Nicaraguan man who had traveled to Panama City.
Government response

Nicaraguan health authorities are visiting households across the country to verify their sanitation measures, said Murillo, per an April 16 report. The brigades also give each family an information sheet listing a number of preventive measures to contain the spread.
Ortega addressed the nation in a televised address on April 15, breaking his 34-day silence and putting an end to speculation as to his whereabouts and wellbeing. The president insisted that all the country’s cases are “imported̶1; and that the country hasn’t “stopped working, because if this country stops working, it dies.” Ortega did not announce new measures.
Director of the Pan American Health Organization Carissa Etienne expressed concern via an April 7 video press conference about Nicaragua’s handling of the pandemic, saying the organization considers it an “ineffective prevention.”
On April 2, the government extended Easter school closures an extra week, and classes are scheduled to resume April 20. Murillo announced that Easter vacations would also be extended for public employees and that they are to return work on April 15.
On April 1, Ortega named Martha Verónica Reyes Àlvarez as the new Minister of Health, replacing Carolina Dávila Murillo. Dávila Murillo will now serve as an advising minister to the president in charge of overseeing health services in Managua.
On March 25, the country's armed forces closed down all unofficial entry points across Nicaragua’s southern border with Costa Rica, reports La Prensa. The move followed a March 21 meeting between Costa Rican and Nicaraguan officials in which the two countries agreed to collaborate in sharing health information but did not commit to closing their shared border.
Before authorities confirmed the country’s first case, Ortega’s administration announced that it would ban wakes and funerals for those who die of the virus.
As of the time of the confirmation from Murillo, the government had not implemented quarantines, school suspensions, or travel restrictions, nor did she indicate if or that it would. A number of local businesses, including bars and restaurants, decided to close down to protect their staff and clients.
Economic impact and measures

The World Bank forecasts that Nicaragua’s GDP will see a 4.3 percent contraction this year.

[888icb] 16/4/2020 12:43

Gold 1731 and we are UP 2% on volume of 63000. A quiet morning as we await news.

[book5] 15/4/2020 19:25

more like forced sellers, need the money because unfortunately, they lost somewhere else? big drop without news...

[888icb] 15/4/2020 15:15

Gold sitting at 1723. Not sure why there is selling today which accounts for most of the 183000 volume but the last 2 trades both sells 40000 at 25p and 50000 at 24p seem to have done the damage.

[vermilion1966] 15/4/2020 14:58

Reason for share price fall?

[888icb] 15/4/2020 01:05

Gold almost reached 1750 but then drifted back to 1723 currently. It’s time for news to start us climbing again.

[book5] 14/4/2020 09:08

Check futures

gold June delivery $1773

[888icb] 13/4/2020 18:33

As we reach the evening the gold price has continued to rise and is now 1715. Let’s hope this and some permit news gets Condor off to a good start tomorrow morning.

[888icb] 13/4/2020 10:34

Gold has briefly broken 1700 this morning but is currently sitting at 1695.

[book5] 12/4/2020 23:41

Gold for delivery in June is at the moment $50 above the spot price and well above 1700

[888icb] 10/4/2020 09:45

CNR announced yesterday that the AGM will be held on 7th May but due to Coronavirus it will be held electronically. As we enter the Easter weekend gold is at 1685 so getting close to the 1700 it attained a few weeks ago.
I hope everyone has a good Easter and that we get the permit news after Easter.

[888icb] 09/4/2020 10:30

Gold up at 1670 this morning but Condor remains unchanged on volume of 100000.

[888icb] 07/4/2020 16:53

Disappointing that we couldn’t hold 30p today have traded higher. Finished Up 3.5% at 29.5 on volume of 309000. Let’s try again tomorrow.

[bomber13] 07/4/2020 15:53

Permits for the two high grade feeder pits at Mestiza and America are due any day now . The recent public consultations went well , and can be viewed on Condor’s website at , and Condor’s CEO had already commented publicly that he expected the permits “ by end March “ . With the Coronavirus background ( see latest Nicaraguan effect in appendix below ) it is entirely possible that there may be a small delay , but it seems highly unlikely that the mining minister and the President would not want to rubber stamp the permits , particularly in the light of the recent Calibre Mining news .

On 25th March , as a preemptive measure to counteract the coronavirus , Calibre Mining temporarily suspended mining and milling operations at its 2 gold mines at El Limon and La Liberatad , and put the assets under care and maintenance . Underground mining at La Libertad had already been suspended since November , 2019 because of ground destabilisation issues . Calibre also suspended production guidance for 2020 , which was to have been a combined total of 140/- to 150/- oz , which , given that gold mining is one of Nicaragua’s big earners , is a major short term blow to the country .

It had been thought that spare capacity at the La Libertad plant might involve Calibre in a toll deal with Condor , and , given the above circumstances , pressure on Calibre to do so may therefore be mounting . Under Condor’s high grade mining scenario utilising the feeder pits , which contain a resource of 245/- oz at 4.65g/t , Condor could produce 50/- oz pa at sub US$700 AISC from a 1000 tonnes per day plant . This operation would be enabled either via a toll deal with AN Other or via Condor’s own plant , largely funded by project finance .

With gold nearing US$1700 , and promising Condor pre-capex net margins of US$1000 per oz , which is pro-forma cash flow of US$50m pa , it is hardly surprising to hear the CEO talk confidently of breaking ground this year .

Bring on the permits .




APPENDIX - virus latest

NICARAGUA

Spread

April 5: 6 confirmed cases, 1 death
April 2: 5 confirmed cases, 1 death
April 1: 5 confirmed cases, 1 death
March 31: 5 confirmed cases, 1 death
March 26: First death
March 24: 2 confirmed cases
March 18: First confirmed case
Vice President Rosario Murillo, who is the wife of President Daniel Ortega, confirmed on March 18 the country’s first case, involving a 40-year-old Nicaraguan man who had traveled to Panama City.
Government response

Ortega has not made a public appearance in more than 20 days, leaving his wife Murrillo in charge of handling the country’s response and fueling speculation as to his whereabouts.
On April 1, Ortega named Martha Verónica Reyes Àlvarez as the new Minister of Health, replacing Carolina Dávila Murillo. Dávila Murillo will now serve as an advising minister to the president in charge of overseeing health services in Managua.
Before authorities confirmed the country’s first case, Ortega’s administration announced that it would ban wakes and funerals for those who die of the virus.
As of the time of the confirmation from Murillo, the government had not implemented quarantines, school suspensions, or travel restrictions, nor did she indicate if or that it would. A number of local businesses, including bars and restaurants, decided to close down to protect their staff and clients.

[888icb] 07/4/2020 12:46

A small trade just after Noon was a buy at 33p so we could do with more of those this afternoon. Otherwise of the 20 trades the buys and sells are fairly balanced on volume of 168000. So up 5.2% at 30p. A few decent buys now could quickly move us to mid 30’s where we were a month ago before the crisis caused unexpected problems for gold. Gold however looks in striking distance of 1700 again which would help.

[book5] 07/4/2020 11:26

villagers are in self imposed lock down, at least the ones I know.
nothing much happening in la India, but smaller pits seem to go ahead, hence share up?

[888icb] 07/4/2020 11:22

Moving up 7.2% to 30.5 on volume of 101000. Thanks for that detailed summary of where we are. It would be good to get those 2 permits signed off as they are now 1 week overdue but probably down to the Coronavirus. We should be well set for a run to a higher level once the permits are in the bag.

[bomber13] 07/4/2020 10:07

Permits for the two high grade feeder pits at Mestiza and America are due any day now . The recent public consultations went well , and can be viewed on Condor’s website at , and Condor’s CEO had already commented publicly that he expected the permits “ by end March “ . With the Coronavirus background ( see latest Nicaraguan effect in appendix below ) it is entirely possible that there may be a small delay , but it seems highly unlikely that the mining minister and the President would not want to rubber stamp the permits , particularly in the light of the recent Calibre Mining news .

On 25th March , as a preemptive measure to counteract the coronavirus , Calibre Mining temporarily suspended mining and milling operations at its 2 gold mines at El Limon and La Liberatad , and put the assets under care and maintenance . Underground mining at La Libertad had already been suspended since November , 2019 because of ground destabilisation issues . Calibre also suspended production guidance for 2020 , which was to have been a combined total of 140/- to 150/- oz , which , given that gold mining is one of Nicaragua’s big earners , is a major short term blow to the country .

It had been thought that spare capacity at the La Libertad plant might involve Calibre in a toll deal with Condor , and , given the above circumstances , pressure on Calibre to do so may therefore be mounting . Under Condor’s high grade mining scenario utilising the feeder pits , which contain a resource of 245/- oz at 4.65g/t , Condor could produce 50/- oz pa at sub US$700 AISC from a 1000 tonnes per day plant . This operation would be enabled either via a toll deal with AN Other or via Condor’s own plant , largely funded by project finance .

With gold nearing US$1700 , and promising Condor pre-capex net margins of US$1000 per oz , which is pro-forma cash flow of US$50m pa , it is hardly surprising to hear the CEO talk confidently of breaking ground this year .

Bring on the permits .




APPENDIX - virus latest

NICARAGUA

Spread

April 5: 6 confirmed cases, 1 death
April 2: 5 confirmed cases, 1 death
April 1: 5 confirmed cases, 1 death
March 31: 5 confirmed cases, 1 death
March 26: First death
March 24: 2 confirmed cases
March 18: First confirmed case
Vice President Rosario Murillo, who is the wife of President Daniel Ortega, confirmed on March 18 the country’s first case, involving a 40-year-old Nicaraguan man who had traveled to Panama City.
Government response

Ortega has not made a public appearance in more than 20 days, leaving his wife Murrillo in charge of handling the country’s response and fueling speculation as to his whereabouts.
On April 1, Ortega named Martha Verónica Reyes Àlvarez as the new Minister of Health, replacing Carolina Dávila Murillo. Dávila Murillo will now serve as an advising minister to the president in charge of overseeing health services in Managua.
Before authorities confirmed the country’s first case, Ortega’s administration announced that it would ban wakes and funerals for those who die of the virus.
As of the time of the confirmation from Murillo, the government had not implemented quarantines, school suspensions, or travel restrictions, nor did she indicate if or that it would. A number of local businesses, including bars and restaurants, decided to close down to protect their staff and clients.

[888icb] 07/4/2020 09:43

A 20000 buy at 30p has just gone through which should start us moving north after a slow start on a day when global markets are again doing well.