Condor Gold Share Discussion Threads

[888icb] 27/10/2020 08:31

Now Up 10% on volume of just 148000. Imagine what will happen if some high volume kicks in.

[888icb] 27/10/2020 08:18

This is such good news
The decision has been taken to accelerate the Project, by-passing a Feasibility level design, which is typically required for bank lending and go directly to a TSF Final level of design, which will, subject to funding, allow the fast tracking of the Project to future operational status".

[888icb] 27/10/2020 08:13

Excellent news. Up 6.2% on volume of 100000 in the first 10 minutes of trading.

[sir andrew ffoulkes] 27/10/2020 08:00

The fact he's bypassed a BFS means he knows where the money is coming from and how much he needs already.

Next two RNS's are all La India land acquired and deposit on a mill with a possible outlier of a toll deal.

[sir andrew ffoulkes] 27/10/2020 07:55

activeinvestors.co.uk/companies/news/932455/condor-gold-commences-ground-investigation-programme-at-la-india-932455.html

You will need to remove the blank space between pro and active.

[sir andrew ffoulkes] 27/10/2020 07:52

3589 - Mark Child CEO

[zangdook] 27/10/2020 07:46

3587
potus?

[sir andrew ffoulkes] 27/10/2020 07:43

Condor Gold Commences Ground Investigation Drilling in Preparation for Mine Construction at La India Project, Nicaragua





Condor Gold (AIM: CNR; TSX: COG) is pleased to announce it has commenced a ground investigation program consisting of 20 geotechnical drill holes and 58 test pits on the Tailings Storage Facility (TSF), Water Retention Reservoir and Processing Plant site at La India Project, Nicaragua. Condor is accelerating La India Project from a Pre-Feasibility level of design to Final Engineering Designs on key infrastructure in preparation for construction on the fully-permitted La India gold mine project.



Highlights

· Geotechnical drilling and test pits for the final design for the tailing storage facility (TSF) has commenced.

· Final TSF design will be fully compliant with internal and external legislation.

· Geotechnical drilling and test pits on La Simona dam and reservoir - the purpose is to develop the design criteria for a retention dam and diversion water facility.

· Work also underway, via a dozen test pits, on initial characterization of the geotechnical properties of the plant area to allow next phase of design work to be detailed



Mark Child, Chairman and CEO commented:

"The commencement of ground investigations via a geotechnical drilling program of 20 drill holes and 58 test pits on the Tailings Storage Facility (TSF), La Simona water retention reservoir and processing plant site demonstrates Condor's commitment to advance La India Project to construction. Condor has previously completed a Pre-Feasibility level design on the TSF and water retention reservoir. The decision has been taken to accelerate the Project, by-passing a Feasibility level design, which is typically required for bank lending and go directly to a TSF Final level of design, which will, subject to funding, allow the fast tracking of the Project to future operational status".





Background

Tierra Group International, Ltd. (Tierra Group) has been engaged to develop the Final Designs for the TSF and water retention reservoir for a new mine at La India Project. The Final TSF design will be fully compliant with internal and external legislation. Tierra Group will also undertake an initial ground investigation of the processing plant site that will be used to constrain and optimise the final layout design. Condor owns 100% of the land required for the TSF, La Simona dam and retention reservoir and plant location.



The purpose of the geotechnical drilling and some of the test pits is to characterize subsurface geology and foundation conditions below the proposed TSF and water retention dams' footprints. Test pits will also characterize the surficial geology along the TSF's proposed diversion channel alignments, the water retention properties of the soil and subsurface geology within the TSF and water retention reservoir, and the foundation conditions within the processing plant site. Tierra Group will perform in-situ permeability testing in the drill holes and measure the geomechanical properties of the soil and rock from the drill holes and test pits both on-site and through laboratory testwork. The geotechnical ground investigation is expected to take 70 days.



The geotechnical engineering analysis results and recommendations will support a TSF and retention dam Final Design, and contribute towards an advanced processing plant layout design. Tierra Group is completing the necessary civil engineering activities and are responsible for producing the final engineering design drawings for the TSF and water retention dam. The Ministry of Environment and Natural Resources ("MARENA") has requested Final Designs as a condition of granting the key environmental permit to develop, construct and operate a new mine at La India. Dr Luc English, Condor's former Country Manager is managing the geotechnical drilling and ground investigations as a senior consultant geologist, bringing with him extensive knowledge of the Project.

[book5] 26/10/2020 16:41

I said last week 5 or 6 nice 4x4 Toyotas, with chauffeurs were parked opposite cnr offices. Chauffeurs had uniforms (nice shirts, no suits, probably bcs it is hot there).
I said, I believe Potus is in town. Did he hire transport company to ferry guests around? I think so too. Vehicles were unmarked.
It seems some local bosses were not there for a while, and then they arrived at the same time as the Toyotas. So it seems they had been travelling.

A the same time video crises blown up, so very hectic at the boardroom...dust must be settling now, hopefuly news regarding land soon.

Good too see string of buying orders, we need then to be 500000 lots, rather than 5000 ones. Finguers cross it will happen.

[888icb] 26/10/2020 16:37

It really is in the best interests of these remaining villagers to do a deal as quickly as possible so the mine can be progressed and jobs created. I imagine all the ones who have sold are not too happy that a few are holding it all up for the many. Someone on the other thread was suggesting Mark is on site at the moment and I was wondering whether your contacts had confirmed this?

[book5] 26/10/2020 16:30

Sorry I meant $750pcm which I believe is generous.
I believe there are around 180 associates at the cooperative, but anyone from the village can mine. Problem is Only in a tiny part of their land they can work where Gold is close to surface, at the avispero, and at the quebrada.
All very primitive, and at the quebrada they can't work in winter.
Majority seem to prefer to work on private land, ie in cnr recently bought land, in two years transition period ends, all land will be for cnr to use.
I hope we have a deal by end November, so we keep with the main milestones.

[888icb] 26/10/2020 16:28

A steady stream of buys since 15.15 has finally put CNR UP 2.5% on volume of 300000. Quite a few 5000 buys in quick succession. Good to start the week on a positive note as we have a long way to go to catch GGP which continues to rise and is most of the way to a £1 billion market cap! It shows what can be done if you can just become the darling of the gold shares and in a very short period of time. We have the gold to get there.

[book5] 26/10/2020 15:42

Intention was to pay In stones as we extract them, not in Cash

[vermilion1966] 26/10/2020 15:01

Book5 - that's $40m, not far off our current Market cap...

[book5] 26/10/2020 13:06

Imho Land purchases is key, we should not harry up with toll agreement till we have all land.
Some miners liked to work at the Mestiza... They may want to switch land? Who knows..

If We adquire all land, then the valuation will go up x2 or3 overnight.

After last video, it is probable company is more cautious now.

As MC said we need to compensate miners for lost of life earnings, deal needs to be fair for them to sign it.

I spoke to miner who said he would personally agree with MC suggestion of been paid in broza(small stones with gold), though some royalty would be wellcome.

If u calculate 180 miners for $750pcm for 30 years, x 1.25 for consumables, they equals very little oz of gold, say less than $60 million worth of gold in broza, but we potentially have many billions of gold in the ground (at leat 1million oz, possibly up to 5 million oz)
To me there is plenty of margin to achieve a fair deal miners are happy to sign, we need to be fair.

[sir andrew ffoulkes] 26/10/2020 10:15

Calm before the storm!

[book5] 26/10/2020 07:08

Quiet weekend.
Gla

[888icb] 23/10/2020 13:33

Very quiet at CNR today buys exceeding sells Up 0.5% on volume of 105000.

[book5] 23/10/2020 13:00

Very quite in the village, a new day about to star

[dexdringle] 22/10/2020 20:31

Thanks. I think !

[1airbag] 22/10/2020 19:49

dexdringl, you clearly are not a man of straw because if you were you wouldn't carry on the way you do.

[dexdringle] 22/10/2020 18:33

Quark3. You said "us". This tells me that you are a decent bloke.

[quark3] 22/10/2020 16:29

They do actually say that. Unfortunately very few of us actually listen.

[dexdringle] 22/10/2020 16:24

Book5 - if by "regret" you mean CNR rockets up to £2 and proves me wrong I think I could live with that. The only problem is that, at the same time, the world would be in massive turmoil because of the climate effect of hell having frozen over.....😂

[dexdringle] 22/10/2020 16:22

Noooo. They don't say that do they ? Oh god. If only someone had told me....😥