Condor Gold Share Discussion Threads

[1airbag] 08/6/2020 14:41

Thanks 888, I don't have level 2 data so anything on trades is helpful.

[888icb] 08/6/2020 13:46

A 50000 buy has just gone through at39.9p as the volume increases to 148000. Only 3 small sells out of 17 trades. Let’s see if the volume starts to pick up as day goes on. I think a lot of people are watching and will dive in once it starts a serious move.

[book5] 08/6/2020 13:32

Market understands revenue, for this
We need to jump some hurdles
All good

[oldiegoldie] 08/6/2020 13:16

As soon as the first 100.000 oz/year production plant is installed, we will (assuming Aisc at 700$oz) produce a net cash of 60 - 70 GBp per share in the very first year.
Or, turn it the other way round, we need to produce around 56.000 oz of gold to fully fund our current market valution - thats about 7-8 months of production.
The current valuation is absurdly low.

[dozyduck] 08/6/2020 12:52

The capex, and lots else, has to be repaid from that Billion ! which in any case is spread a long way into the future !

[888icb] 08/6/2020 11:59

Still slow with just 90000 traded this morning.
Perhaps time just to take stock of a very basic fact. It is widely accepted that during the initial phase of the mining Condor will produce £1 Billion profit.
Today all the new shares are in issue and our market cap is £46 million. A massive gap which if the market doesn’t close it soon an offer will.

[888icb] 08/6/2020 10:46

Very quiet this morning with volume of 26000 after 8 small trades all buys bar a 5000 sell. I think we will get more news fairly soon as Mark seems to have wanted the new money fairly urgently so he may use some of it and let us know what he has done.

[book5] 08/6/2020 09:08

Gold deliver August above $1700
Small spread to spot gold price

[888icb] 08/6/2020 08:51

Gold has moved up this morning and is 1692.

[888icb] 08/6/2020 08:19

UP at the start of trading is a positive sign.

[book5] 08/6/2020 08:03

Probably reversal has started
Gla

[888icb] 07/6/2020 19:51

Gold currently 1684.

[divmad] 07/6/2020 18:24

Expect gold to retest the $1600 first, before lifting again. Cnr should find support around the 36p placing price.

[book5] 05/6/2020 21:21

Now I only trust in gold and other precious metals to store wealth.

I believe gold will not rocket yet, but it is a sea of traquility in the middle of the turmoil we are in: probably a second wave, USA elections, brexit, climate change, china_usa, etc

$1600 is the assumed price in our recent valuation, I would be surprise if this year it closes below this level.

[888icb] 05/6/2020 20:18

A little od to have that tick down at the close when buys were double sells and there was a 51000 buy at 40.25 late in the day. The mm’s seem to be holding it at this price.
Personally I don’t think Gold and Silver have run out of steam and with a good day on the FT people are concentrating on other stocks which are recovering as the lockdown eases. Very difficult if not impossible to draw any conclusions on trends from one days trading. Ross Beatty did an interview this week on Crush the Street and he certainly thought gold and silver had a lot further to go looking back to 2010 as an example and remembering that the markets are cyclical. He also was not suggesting now was the time to take profits as this cycle has much further to run which will bring serious profits as the gold price rises.

[pugugly] 05/6/2020 18:44

Looks as though the Gold and Silver run up may have run out of steam - Virtually all miners and explorers down today - From watch list 68 down - 14 no change - 8 up- Could this now be the time to take profit or cut losses?

[book5] 05/6/2020 15:36

888
Much more to come
These days many locals are living in poverty, many are looking forward to cnr to develop the mine and get jobs

[888icb] 05/6/2020 15:34

This has been held in a very tight band all day between 37 and 38. Having been slightly down most of the day it has finally gone blue as buys far outweighing sells it is surprising it’s taken so long. The volume is 500000.

[book5] 05/6/2020 15:33

Finally blue

[book5] 05/6/2020 07:53

At the moment

Pre market up 3.9%

Edit back to 0%

[book5] 05/6/2020 07:44

At the moment

Pre market up 3.9%

[book5] 04/6/2020 23:09

many villagers don't want to move from their place of birth.

[book5] 04/6/2020 19:19

What I am constantly told is that there is not a quarrel , and people are selling their land.
It seems all is going well. People are wondering why the company has not started yet with the works...so It seems many are looking forward for the mine.
Once we buy all land, we Could easily sell the project for a good price if main shareholders want to do so.
All good, keep the faith.