Condor Gold Share Discussion Threads

[book5] 17/12/2020 16:15

😂 😂 😂 😂 OK, thanks

They are cleaning el Chorriado. Imho this means they expect to do a toll mining deal soon.

[connect5] 17/12/2020 16:13

I love your faith and optimism 'book5', let's carry my deal with you into January next year and I hope I lose! ;-)

[book5] 17/12/2020 15:06

What the miners say, based on their experience:.
Both at El chorriado and Mestiza we have gold from just below the 1m, no lots of gold, but enough gold to extract it.
Chorriado Vein is around 800mm wide and starts from 2 to 3 m of depth
At the Mestiza vein is almost 2m wide, and from between 5 to 6 m depth.
Gold strong
Keep the faith, we should go up soon.

[aleoap] 17/12/2020 15:00

Blytheweigh have added a new video on YouTube today for CondorhtTps://youtu.be/jFyRZFIbCvA

[connect5] 17/12/2020 14:35

'Diggybee' welcome to the conundrum that is 'CNR', perhaps we're all members of a cult (yes and that's not a typo) totally brainwashed with our own dreams of riches! Just frustration from me at the share price endlessly stagnating regardless of the immense efforts of MC et al. ATB & GLA as always!

[diggybee] 17/12/2020 13:15

Yet all this seemingly good news...and the eager buyers are overwhelmed by sellers!

[888icb] 17/12/2020 12:43

If Rio aren’t put off and let’s face it they are the most likely Company to buy Condor, then other big miners are likely to get comfort from Rio’s due diligence on the country. Yes some people will be put off but it is not a major issue and there are other listed miners in the country already.
Not much trading this morning with volume of just 123000 taking CNR down 1%.

[zangdook] 17/12/2020 12:33

That doesn't mean some people aren't put off. Of course they are.

[888icb] 17/12/2020 08:57

Since earlier this year when Rio Tinto took an interest in Calibre we know that the country is not a problem to international investors.

[davidspringbank] 17/12/2020 08:41

1airbag What is holding this back is that some people who bought lower down are now taking profits. It's the usual story, same old, same old. It's got nothing to do with the location at all.

[book5] 17/12/2020 08:40

David
Mr Sarria has recently said someJobs are currently been created, and in today article he says up to 1000 jobs will be created.
Good to hear

[davidspringbank] 17/12/2020 08:31

book5 CNR will do that for them by creating employment and prosperity where there is none.

[1airbag] 17/12/2020 08:27

I think Gold and Silver prices are on the rise again, they both laid bear traps recently on the charts, where price dropped below the formations. Since then the prices have snapped back up into the formation and in the case of Silver have now broken out at the top. Gold is similar but lagging silver somewhat. Confirmation will be when gold goes above about $1915 per Oz.

Nice to hear the stories here. I was lucky to buy these at around 20p. But have added a lot since in the low 40s. This is nowhere near my biggest holding.

I don't have much experience with mining shares but to my untrained eye, this share is held back by the fact it is invested in Nicaragua. This stigma may diminish with time when profits are being generated but what it does mean is the shares will be cheap pre-production.

[book5] 17/12/2020 07:50

David
They are selling the project to the locals, and why not?

[davidspringbank] 17/12/2020 07:30

book5 They need to get a decent journalist, but I'm not complaining. It's entertaining to see how the other half operates. They'll never make it to the Financial Times. Lol

[davidspringbank] 17/12/2020 06:51

connect5 I've got seven miners in my trading account, this is my largest holding. My account is roughly divided 50/50 between producing miners and explorers. CNR fits somewhere in the middle between the two. As for the potential share price, MC mentioned the WH Ireland valuation of £1.70 in the video interview. He has got a better idea than most people as to what this could be worth. He owns a big chunk of this, along with JM. JM is on record saying that this will be a multi-bagger. MC said the directors own around 20% in the video. He mentioned that The Bank of America forecast a gold price of $3000 oz in 2021. There are others who forecast a much higher price than that. I cannot tell you where this might end up.

If CNR can demonstrate that they can increase their discovery to 5m oz by drilling, then that would make people sit up and take notice. Very few people are actually invested in gold. Financial experts say we should have around 5%-10% of our portfolios invested in Gold for diversification purposes. But in order to get that amount, the price of gold would take off like a rocket. Miners have leverage over the price of gold so it is better to own miners instead. Experts say that the price goes parabolic in the final part of any gold bull because of the fear of missing out. Everyone is jumping on board. So I cannot predict where the price is likely to go. What I can say is that I will be here watching all the fun!

I also own property. I bought an old Victorian house house in 1986 and I'm just renovating it. New roof, new gutters, new ceilings, skim coating walls, new electrics, new kitchen, new bathrooms, etc. The Covid-19 situation has slowed things down, but I hope to sell it next year. I live around 30 miles away, on a small farm. The same principals apply. Buy low and sell high! The problem with buying property for your children is that they are unlikely to appreciate it. I started off with nothing. Lol.

[book5] 17/12/2020 06:42

We are on a national newspaper
This is a Very very good article, trasnslate it pls, easy to do by pressing on the three vertical dots at the top right hand side corner of your browser, and select English.



from nicaraguan cnr boss' press conference:
75koz, 1500tn per day
"so far $50million are available" to built it (that is my translation).
2021 construction
2022 first gold production

In 2025 production will increase to 3000tns per day


—----—-------
Looking good.

[davidspringbank] 16/12/2020 16:24

connect5 It's all about timing, mate. I was £30K down at 40p a share last month! You probably came in when the gold price was hitting it's previous highs above $1900, around ten years ago. The key thing is that you haven't given up and thrown in the towel. This time around the ballgame is entirely different. New people, new money, new territory and a discovery of gold. Mark Child's is talking about a five million ounce gold discovery in the above video. Who knows how big it will grow with further drilling. And it seems like it's all happening at the right time during a gold bull run as currencies deflate under the weight of debt. He also mentioned that the Bank of America forecasts a gold price of $3000 oz next year. And the WH Ireland valuation of £1.70 per share. So it's all looking very positive, mate, for the next five or six years, or so.

I've have been invested in PM miners since the end of 2015. So well done for holding on. I'm sure your patience will be well rewarded this time around.

[book5] 16/12/2020 16:20

Sir, Tester
Thanks
From video:.
So it seems full land ownership, infill results, both expected by end Feb, beginning of March.
Two to three months more of waiting then
Toll mining if it happens it will be next year... But when?

So more time available to keep adding

Production plant decision has been made, around 70koz. This tallies with yesterday national news in Nicaragua where 75koz were quoted

The difference to 120koz should be toll mining. I don't believe the goverment will be please with less.

[connect5] 16/12/2020 15:53

You've done well with that average 'davidspringbank', I'm a decade invested here and still in the red. Onwards and upwards as they say! ATB & GLA as always!

[tester2020] 16/12/2020 15:36

In this #FinancialFox episode, Stefania speaks with Mark Child, CEO of Condor Gold (CNR), London and Canadian listed company junior developer and explorer getting ready to bring the 100% owned La India gold mine in Nicaragua into production. Stefania and Mark discuss investors' questions about developments in La India.



very very interesting, a must watch!

regards
T2020

[sir andrew ffoulkes] 16/12/2020 15:36

Very detailed progress report.



Great minds (again) :-)