Condor Gold Share Discussion Threads

[1airbag] 06/5/2020 13:51

In summary this has massive upside potential but one requires patience in order to reap the full potential. What we have just seen in recent days is nothing compared to the future.

[1airbag] 06/5/2020 13:49

This has massive upside potential but investors must be patient. Following todays news, that cluster of 3 pits (La India, Mestiza, America) all have permits now. Suspect an investor like Jim Mellon with a 15% shareholding in Condor will not be interested in a small 50 to 100% gain such as we are seeing. Guys like Mellon make their play on stocks like this by turning £1,000s into £10,000s or £100,000s. They band many figures around but the payback to Shareholders in terms of profit is likely to be around $1,000 per Oz of gold. Based on viable recoverable reserves of up to 5,000,000 Oz, it doesn't take a genius to work out that this has huge potential. The gold price will fluctuate we know but given what is happening with the world economy a lot of people have been adding gold to hedge against problems ahead.

[book5] 06/5/2020 11:08

As I said before
I expect announcement of acquisition and installation of plant in Agua Fria for the Mestiza and America Open pits
Well done

[888icb] 06/5/2020 11:02

It’s back at 42 after a quick spike on the permit news to 46.5p on volume of 750000. At that point it was a 25% gain on the day so not surprising to see some profit takers. Let’s see what the rest of the day brings.

[pugugly] 06/5/2020 10:51

Falling back fast on profit taking - Gold has to be got out of the ground so we need a definitive plan for mining and smelting FAST (Maybe as difficult as knowing when we will be out of COVID lockdown!!) - However now more attractive for a possible bid but with Major shareholders in place unlikely to fall to a low ball opportunistic figure (imo)

[888icb] 06/5/2020 10:47

There is the America permit and up we go again.

[steeplejack] 06/5/2020 10:45

("Condor" or the "Company")Condor Receives Permit for High-Grade America Open Pit, Increasing Total Permitted Open Pit Mineral Resources To 1.12M Million Oz Gold

[book5] 06/5/2020 10:44

No investors
Mainly Insiders friends

[888icb] 06/5/2020 10:43

Taking a breather at 42p but it has been higher as someone paid 45p. Investors seem to be getting the Condor story and realising how undervalued it is. As we come on the radar it has to be an increasingly likely scenario that we will attract a bid. A bid will be in £’s not pence and could come at any time with the permits now arriving.

[888icb] 06/5/2020 09:28

An impressive start UP 13.5% at 42p on volume of 430000.

[book5] 06/5/2020 09:03

Decent appetite to buy shares

[book5] 06/5/2020 08:09

Mestiza plant news should be coming

[888icb] 05/5/2020 15:33

The highest trade probably of the day has gone through 31000 at 38p. We need a few more of those in the next hour. Already Mark will be able to say at his presentation that we have achieved a new 52week high if we hold our current gain. In fact a level not seen since October 2018.

[888icb] 05/5/2020 15:04

We have only seen 8 trades since 11am totalling about 30000 shares from a total volume of over 800000. Will we see some more decent volume before the close. Is it still difficult to buy!

[888icb] 05/5/2020 14:17

That is certainly a possibility. There are various warrants in issue but the ones that may soon become of interest are 6.7 million warrants expiring next year but 50% are subject to accelerated exercise if the share price stays above 30p for ten consecutive days. We can’t be far off that. The excersise price of those warrants is 25p so that would bring in about £840000.

[book5] 05/5/2020 13:24

warrant conversion coming

[888icb] 05/5/2020 13:05

It has calmed down with just 3 trades all buys around 37.4p in the last hour as we hold 37p on volume of 630000. Will the buyers return this afternoon in advance of Marks presentation this evening to push us to 40p?

[bo doodak] 05/5/2020 11:32

MC presenting tonight

[888icb] 05/5/2020 11:15

Now UP 12% as the volume passes 500000. Reports on the other bb that it is difficult to buy. Our market cap is currently £35 million. If we can get the share price to 50p and the market cap over £50 million we can open this up to some funds many of which have minimum market caps before they can invest. This share is starting to have a good feel about it.

[888icb] 05/5/2020 10:46

Currently UP 7.5% at 35.5P on volume of 425000. This is a new high for us and exceeds the early March peak if it holds. We are getting some good press at the moment highlighting how undervalued we are which should see us in the 40’s this week.

[888icb] 04/5/2020 15:36

43 trades as we rise 8% on volume of 416000. Let’s see if the wider market is going to realise how cheap we are and with the added kicker of a rising gold price over the next 2 years as we start producing, the profit potential per oz is very impressive.
Our cost per oz is stated at $690 so with a current gold price of say 1700 that a $1000 per oz profit. Bank of America think gold is on a run to $3000 which would take our profit to over $2000 per oz. we are permitted and ready to go so that has to be attractive to a big gold company such as Rio Tinto who have just moved into the country.
Interesting times for Condor.

[888icb] 04/5/2020 15:09

Somethings happening we have just jumped to 33.5p

[888icb] 04/5/2020 11:48

Gold rising this morning currently 1713. Condor up slightly on 15 trades nearly all of which are buys for a volume of 131000 as we await news of the second permit which could arrive this week as Mark said within 2 weeks during his last interview.

[888icb] 02/5/2020 14:20

Gold back above 1700 as we start a new month. A good explanation on the other bb about how the gold market works which explains the fall in the gold price at the end of the month which the corrects in the new month. People are increasingly bullish on gold and should assist Condors rise next week. Good to see it hold above 30p ready for the next push towards proper value.