Condor Gold Share Discussion Threads

[book5] 27/11/2020 09:33

My contacts told me the same thing, she has sold,
I Have been told that the cooperative should be an easier purchase.
I expect MC to deliver his promises, plus toll mining.
So imho £1 within reach by end of 2020

[tester2020] 27/11/2020 09:18

book5 - if confirmed, that’s fantastic news. I think MC might be in Nicaragua at the moment so perhaps he has managed to conclude a suitable deal. 100% land purchase confirmed without the need to invoke government compulsory purchase orders would indeed be very positive for the project and would allow it to proceed at full speed now.. e.g full financing for plant will be easier.

Regards
T2020

[book5] 27/11/2020 08:46

According to two of my contacts, Isabel Rivera has sold her land.
So in next MC's presentation we should hear something about it, now we need to buy the cooperative's land, the last one.
Gla

[888icb] 26/11/2020 22:28

That late reported last trade of 105000 shares at the highest price of the day is a good vote of confidence. £43000 worth of confidence. Let’s hope that’s a good omen for tomorrow.

[book5] 26/11/2020 17:06

backwoodsman, many thanks I will do

[backwoodsman] 26/11/2020 16:54

Book, I'd be happy to send a Christmas gift if you let me have the WU details

[book5] 26/11/2020 15:17

Vermillion
Many thanks indeed. no sure what happened.
I have different sources, so I will send u one of them, someone I have not helped so far, he is the one who lost the mining job, and need some help.
I hope this is ok, he shoukd open a WU account this week, he has some difficulty opening it, needs to borrow a phone.

[vermilion1966] 26/11/2020 15:04

Book

I also offered to contribute to your information source. Just waiting for you to let me have his payment details.

[book5] 26/11/2020 14:51

If u prefer, u could send aid directly to a new family in your own time
Thanks.

[book5] 26/11/2020 14:49

I understamd
It was directed to u too.
If u could please made me a pledge so I can budget, who else can receive help.
People has been very generous, so my main contact needs are covered,Thank to all that have contributed.
So, just make me a pledge so I can lend some money in advance to that pledge and in that way reach other families. Thanks,

[sir andrew ffoulkes] 26/11/2020 14:03

book5, I trust your reference above does not include me, I've every intention of sending your guy something a lot closer to Xmas, just not yet. They may well be struggling but as I look at the many thousands in losses I see with CNR every day I'm quite sure your contact has the better end of the deal (relatively speaking) at present.

[book5] 26/11/2020 13:34

T
That will depend on the agreement
It Could be for 1.year till own production starts, or for many years running in parallel with own production

Zang
He may be one of the two who said will contribute to my contact support till christmas, I sent my nicaraguan friend's contact details to both of them, and then they went quiet.... .oh dear such little faith, it seems they were more interested to know I have a contact rather than sparing a bit of cash, never mind how small.
U may be right.

[888icb] 26/11/2020 13:02

Cornford’s comments are published in Master Investor. Jim Mellon is heavily involved in Master Investor. Jim Mellon is a Director and the major shareholder in CNR. Please draw your own conclusions from that information.

[zangdook] 26/11/2020 12:55

If Cornford's rumours are the same as book5's information, presumably this board is Cornford's source.

[tester2020] 26/11/2020 12:21

Guys - I posted this on the other site as well but Id like to get your opinions on my maths here as well - this is all based on mining analyst info, so I think it would be accurate..

John Cornford is right to say we need to wait for the tonnage for toll milling deal but WH Ireland produced this update very recently.. I also wonder if MC might consider toll milling to both Calibre and Mako in parallel to maximise cash flow while mine is being built.. Hmm.

hxxp://www.condorgold.com/sites/default/files/WHI%20Condor%20Gold%20research%20note%20130p%20target%20FINAL%20051120.pdf

If Condor were to pursue a tolling option we would expect production in the order of ~40koz/yr gold from 300kt/yr of open pit ore grading 4.5g/t gold. Assuming payment for a 90% recovery of the gold, a contractor mining cost of $4/t material, La India Site costs of $2m/yr, trucking costs of $20/t and a toll processing cost of $25/t we would expect La India to generate a net profit after tax for the operation of ~$25m/yr – for only a small capital outlay.

To work out what Condor share price would do if that kind of toll deal was announced, you need to start valuing it as a gold producer - its peers on AIM trade at roughly 10 p/e.. The small capex outlay would be roughly $2M btw..

Price to earnings would be $25M net profit / 120M shares = 0.20c earnings per share x 10 p/e ratio = $2.00 or £1.50 a share.. as there would be no debt to worry about... and no corporation tax for 2-3 years as profits would be deductible from capital already spent as far as I know i.e for drilling, mining studies etc.. And thats just on this toll deal alone, never mind the potential to increase to 170koz over time..

book5 - your info plus John Cornfords info seems to be too much of a coincidence i.e toll mill agreed in principle.. surprised the share price hasnt jumped further yet on those kind of rumours tbh..

regards,
T2020

[888icb] 26/11/2020 10:19

Volume of 176000 leaves the share price unchanged after 14 trades, 10 of which have gone thr7at the mid price of 40.5p and have therefore not been designated buy or sell.

[book5] 26/11/2020 09:52

Sir
Market remembers the 2017 set back.
If we are generous and keep people employed all should go on a fast track delivery road.
Looking forward for cooperative response to cnr offer made before the hurracains, and continuation of the negotiations next month.

Cnr made a cash offer to each associate to compensate them, but, as far as I know, the alternative land has not been defined by cnr to the miners.
I would not be surprised if the toll mining agreement' s tonnage component, is pending on this issue been resolved first, mainly what land to give to the miners in exchange for theirs.

The contract agreement for the new cooperative's land will be intetesting, I believe CNR will be looking to incorporate some clauses preventing the cooperative from selling their new land to a third party.

[sir andrew ffoulkes] 26/11/2020 09:24

Don't forget our forward looking statements are based on a much lower price case for Gold. We are massively undervalued as a producer (even on a toll basis). The market still does not believe what it is being told by Mark (too many previous false dawns).

[oapknob1] 26/11/2020 09:14

Cheers. Exciting times here. Hoping the Gold price remains high for the foreseeable. Looking forward to the positive update.

[book5] 26/11/2020 09:06

They will probably need to wash the vehicle tires before accessing the main road. I hope cleaning stations are installed soon.

[book5] 26/11/2020 07:55

That article writes about the rumours I said: a toll agreement is coming and that the question is how much material will be toll mined. We just need a rns stating starting date and tonnage. Still there is time for it to arrive during this week.
Gla

[book5] 26/11/2020 07:31

Oapk
To santa cruz de la india
This is what my main contact saw when he was in the bus coming from a trip to a Western Union office. I have a photo.

Something similar may be happening on the fork to La Mestiza access road, we don't know. Definetly the local earth road accessing the Mestiza pit was being repaired, no sure if that work has been completed.

There is great need for jobs in the village, many villagers are struggling specifically these days after heavy rains that last for several weeks.

3 days have passed since strong tropical rains stopped, weather should improve now, Good for everybody, Included CNR activities..

[sir andrew ffoulkes] 26/11/2020 07:07

Sorry 888 I duplicated.

[sir andrew ffoulkes] 26/11/2020 07:06

Courtesy of EL on LSE.



"...a toll processing deal has been agreed in principle..."