Condor Gold Share Discussion Threads

[septblues] 09/6/2020 12:01

888ICB
what would it be worth when producing?

[connect5] 09/6/2020 11:48

'Oldie Goldie' FWIW, i'd love to see 50p today but I think that may be a big ask, but I'd love to be proved wrong!

[888icb] 09/6/2020 11:43

Oldie Goldie I think your bet is likely to be a winner.
Connect 5 I agree with you that a sale should be at a minimum of £3. The company will be worth a lot more than that when we are producing but £3 now would be attractive to many I would think.

[connect5] 09/6/2020 11:31

To be at £1 after so many years deeply in the red for me would be extremely satisfying and validate all the reasons for sticking here through all the lean times. I personally would like to be sold for a minimum of £3, I don't know whether that's being greedy or realistic, but a target price for me. ATB & GLA!

[oldiegoldie] 09/6/2020 11:29

I make the bet that we will see the fifties today

[888icb] 09/6/2020 11:19

Now number 20 on the leader board and gold now 1709. 44.9999p has been paid so it is looking possible we could move through the 40’s very quickly. Our market cap is back above £50 million and it should be at least £100 million to be approaching share price Angels valuation.

[bmnsa] 09/6/2020 11:06

Long and strong here as I have been for circa 12yrs.
All the pieces are now eventually falling into place.
Well done Mark.

[seemore] 09/6/2020 10:56

Last week the price did not move with buying in volume, clear evidence that there was a seller, probably a holder who took part in the placing and wanted to sell down to the investment size pre placing. Today the price has taken off on low volume. The seller is clearly done, those who sold in pique at the "injustice" of the placing are also done. When there are no sellers and the stock is tightly held, any buyers push the price up disproportionately.

[888icb] 09/6/2020 10:49

Now Up 10% on volume of 163000. This is moving on low volume and small trades which is very encouraging having been stuck under 40p for too long.

[oldiegoldie] 09/6/2020 10:08

There was also a very exhaustive analysis in Seeking Alpha some months ago. The first days it was available FOC, now it's hidden behind a paywall unfortunately. In case somebody is premium member there here is the link

[888icb] 09/6/2020 10:08

Another tick up to 42p which is 6.3%. Gold continues to rise now 1705. Looking like a good day for Condor.

[888icb] 09/6/2020 10:04

Ticking up nicely on low volume of 62000. Up 5%.

[book5] 09/6/2020 09:53

Markets cranking again, will they hold the pressure? Probabbly 10% correction coming
Gold a good bet
All good, keep the faith

[book5] 09/6/2020 09:50

Oldie
Trick to post hyperlink is to change a lower case with an upper case within the httPs part
Any of the letters will do

Does anybody know how to upload pictures here?
Many Thanks in advance

[oldiegoldie] 09/6/2020 09:37

Here is the recent share price Angel report - worth a thorough reading
IN SHORT: Conservative share price target is 1,02 £
They also draw scenarios for different gold prices.

hxxp://www.resource-capital.ch/fileadmin/news/Condor_Gold_Plc/2020_EN/May_2020_SPAngel_Research_Condor_Initiation_May_2020.pdf

Edit sorry I have difficulties posting hyperlinks that work - just search google for this report

[888icb] 09/6/2020 09:32

Moving up now 3.8% on volume of 26000.

[book5] 09/6/2020 09:29

Yesterday in Canada it closed at 42.225 equivalent ($0.72 / 1,704)

We should mirror that

[888icb] 09/6/2020 09:04

The RNS this morning shows the holdings of significant shareholders with above 3% following the recent issuing of new shares. They remain the same as before. So no one has taken enough shares in the placing to get a 3% holding and therefore we don’t know where 15 million shares have gone. Clearly they are spread over a number of holders who could be new and existing. Hopefully but for investment not trading.
Gold is up to 1699 at present. No trades so far.

[septblues] 09/6/2020 08:57

but on an NPV basis for Condors 5m oz? what is a realistic share price?

[oldiegoldie] 09/6/2020 08:26

I also saw the Hummingbird acquisition but IMO is not comparable to CNR, as Karoussa has basically given up in 2016 and now Hummingbird bought in at a bargain price of around 10 £/oz while providing funding for equipment invest.
So, even though the oz resources are comparable, the company situation isn't.

[septblues] 09/6/2020 07:50

I saw that Hummingbird had a very useful NPV for its new Kouroussa 1m oz @ 3 oz per ton acquisition at various gold prices. That NPV was for a project bought for $10m + + for which they need to spend $100m on plant to bring to production and which then generates NPV's around $250m. Can't copy and paste the table onto here.

Is there a similar table for Condor either for La India or the total company and its 5m ozs capability.

And what is that in share price terms, given 117k shares in issue and that Condor was £50 per share back in 2006?

[book5] 09/6/2020 07:11

888
This morning Ur anticipated rns about holdings is out
For what I know the Company carries on negotiating buying rest of the land
All good