Condor Gold Share Discussion Threads

[book5] 05/11/2020 14:59

I Added some more
Gla

[zangdook] 05/11/2020 14:56

up 100% in 9 months, I've had worse

[sir andrew ffoulkes] 05/11/2020 14:54

888, yep this time I really do believe it is different :-)

[888icb] 05/11/2020 13:17

I think you have a good point. There is a lot of action in the gold space and Condor is just not getting on the radar despite being so close to production. We are very undervalued against the other gold mining companies operating in Nicaragua let alone globally which is very frustrating. It would be good to get an offer even if it was rejected just to get us on a few radars at a higher value.

[sir andrew ffoulkes] 05/11/2020 13:05

My gut with CNR is that we've been at it so long many don't actually believe we have reached the main phase. This I believe is why we have such poor share price performance.

[888icb] 05/11/2020 13:00

Yes good to see gold rising to 1920. CNR quiet on volume of 79000.

[1airbag] 05/11/2020 12:12

gold price broken above the 50 day MA on the daily chart.
silver is knocking on the door.

[oldiegoldie] 04/11/2020 19:05

Maybe you know sonebody called google?
Sorry for not being constructive today, quite a disappointing day.

[divmad] 04/11/2020 18:47

Who is she?

[book5] 04/11/2020 14:01

😂 😂

[dexdringle] 04/11/2020 13:57

Am I the only one who is hoping book5 is as attractive as Sarah Keith-Lucas ?

[book5] 04/11/2020 13:45

now downgraded to tropical storm

[book5] 04/11/2020 07:03

Hurracaine's strength reduced to category 2, on low populated area of the country

[book5] 03/11/2020 14:51

It seems hurracaine's did not want to come inland, still heavy damage on the north east coast.
Next hours critical.
There will be lots of rain at the India.

[book5] 01/11/2020 17:16

Definetly we need a dosis of reality, and he has the reins

[888icb] 01/11/2020 16:53

Hopefully if Mark is still there he will stay there until it’s sorted rather than returning to be locked down in the UK.

[book5] 01/11/2020 12:28

You are wellcome.

Miners want land to sustain their children and grand children jobs when we leave. It appears that Their land is strategically located on the main pit.

Imho We will not be able to purchase the miners land with a cpo without having a revelion, therefore to get a deal we need to share the land we own.

Do we have other land to offer to them outside the main pit? imho Yes we do, la Mestiza, but we probably consider the Mestiza too rich to let it go. Is there any other alternative? Cnr will decide what we bring to the table.

What is clear to me is that a deal can be reached.

Hopefully the negotiations will start soon.

[sirmoori] 01/11/2020 07:50

Thank you, book.

[book5] 31/10/2020 11:16

Sp needs to go higher to reduce dilution as much as possible. As land adquisition efforts seem to be delayed, it will make sense if CNR implements a toll mining deal.

First we would need to design a safe engineered toll mining scheme that deals with current site constraints. Basically, to extract rocks (selection of sites where we can safely use explosives, cleaning of site, installation of small facilities would be required) and transport rocks probably to La Libertad.

The Earth road we have recently repaired could become handy. I wondering if they have been improving the road to the Mestiza too.

We could use prefrabricated cabins to reduce construction process.

Heavy rain season should end by mid November.

Could we have a toll mining deal to start delivering rock this year? I believe so.

Gla

By the way, new engineer discipline faces in town.

[the_sage1] 30/10/2020 15:42

Jim Mellon has 16% and has been buying recently, he is not the type to throw money away.

One thing I have noticed is it does not take much to move the share price, very little volume needed.

[1airbag] 30/10/2020 14:34

mellon won't want his share holding diluted
He is the biggest shareholder.

[quark3] 30/10/2020 14:29

The most likely time for a bid is after all land purchases and before production. So next year if it is going to happen. The further along we get the less likely it becomes, because share price will be climbing by then as project gets de-risked.

[dexdringle] 30/10/2020 14:09

They do seem to be making a colossal meal of what is an age old thing. People have been mining gold for thousands of years. It isn't rocket science.

The fact that the majors aren't sniffing around at this stage makes me think it might all be a load of 'razzle dazzle' flim flam......

[book5] 30/10/2020 13:41

Yes, but financial modelling requires to know weather the foundations for heavy structures will be on expensive bored piles, or cheap ground bearing slab. We are in a seismic area.
So we need all finance info before we are shovel ready.
Probably geotechnical info in 8 weeks.
There are multiple issues we will need to resolve in order to start producing, we may don't know all, but the land it is not.

Technical issues, like water flooding risks could derail a project, it happened to other companies before; small shareholders are the last ones to know. For me this is the largest technical risk (and I mean it) , till proven otherwise of course.....I believe in winter there is a ravine running through the centre of our main pit. However we are high in the mountaneious terrain, so there should not be lots of land upstream, some pumps in standby should mitigate the consequences of heavy rain.
May be CNR could update us on the flooding risks/mitigation studies done recently, a small video would do.