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Share Name Share Symbol Market Type Share ISIN Share Description
Condor Gold Plc LSE:CNR London Ordinary Share GB00B8225591 ORD 20P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.0% 29.25 29.00 29.50 29.25 29.25 29.25 58,178 08:00:24
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 0.0 -1.3 -1.2 - 43

Condor Gold Share Discussion Threads

Showing 22551 to 22575 of 23925 messages
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DateSubjectAuthorDiscuss
06/5/2021
14:40
Agree 888ICB, it should not harm us. However when gold is on the up, as today, we don't move - yet when sentiment turns against gold we still get marked down.
quark3
06/5/2021
13:51
Gold has just smashed through 1800 currently 1806. I know this won’t have any effect on Condor but it’s nice background noise in terms of sentiment towards gold companies.
888icb
04/5/2021
11:32
Our containers are at the port's customs. Currently great recent PR effort to encourage locals to enroll in technical studies: learn to drive, and mantain the yellow coloured plant, I have a photo of banner of the recruiting drive for locals to enroll at colleage courses. Mina la india facebook video old lady saying thank you for water. Water allowance to be increased. Photos new water purification plant and water tanks hopefully soon.
book5
04/5/2021
11:28
Plenty of capacity here for toll mining. hTTps://www.kitco.com/news/2021-05-03/Calibre-reports-highest-quarterly-gold-production-in-Nicaragua-since-Q3-2016.html?sitetype=fullsite
bahamasoil
04/5/2021
11:20
Any toll agreement requires: -good roads -drilling done -full permit Only mestiza could be a target for toll mining, but not yet. We need the drilling. At 12gr/tone in La Mestiza, or in tatiana at more than 50gr/tn it would be highly profitable even with low volumes. Another condition is , we cant put in jeopardy a deal with the miners, would the mestiza toll mining be put in hold till the land is short it out?
book5
03/5/2021
14:44
US open today and Gold is soaring along with other metals. Currently Up to 1796
888icb
01/5/2021
17:17
Hi, share price Angel had a fair value (very conservative) of 1 GBP / share at 40% NPV at 1600 POG, at 10% interest. Obviously a buyer would not pay full NPV, but at 1800 POG the full (100%) NPV is way above 3 GBP / share. Therefore buying out the company at 80-90 GBp / share would be highly attractive for the buyer, this corresponding to roundabout 25% NPV. Once in production, junior miners sell for 100-150% NPV. See share price Angel report from around a year ago here: hTTPs://www.uploadlibrary.com/SPAngel_JohnMeyer/Condor_Initiation_May_2020.pdf Edit: As an add on, the current share price of 45-50 GBp corresponds to about 15% NPV. This is why I am very convinced that CNR is an excellent investment
oldiegoldie
01/5/2021
16:45
OldieGold. Don't forgetthat it doesn't make sense for a buyer to pay the NPV for a project. If he does, he is effectively paying the profit to get the profit. ie he gets zilch. What makes more sense is to farm-in to fund the capex. But the best outcome for shareholders is to pay for development themselves, which hopefully is what Mark is aiming for. On the other hand, knowing the up-to-date NPV is now much higher than published, a bidder could pay a lot less than the true NPV (and so make a profit depending on his own cost of funding) which might be more than CNR's market value, so the deal could be attractive to long term holders.
lurker5
30/4/2021
00:04
Calibre are funded by Rio Tinto who would effectively be the buyer if Calibre makes a bid. I am not sure where all these political concerns have come from. I have only heard it from posters on this bb. Rio after due diligence fairly recently decided to invest in Nicaragua so they don’t see a political risk. If they don’t see a problem why should Condor have one. Gold is the largest source of income and Condor will be the largest mine in the country. First Majestic are now on the scene and due to their problems in Mexico would probably be very interested in a new large gold mine in Nicaragua. This completely changes the situation for Calibre/Rio as they may not retain the luxury of just waiting and watching. Two serious bidders is a new ball game and can drive the price higher. I think based on how the industry works and let’s remember the report on global mining a few months ago that featured Condor as a very likely takeover target. Now is the time for a bid as the big boys could accelerate production as financing would not be an issue. An interesting time for Condor and Jim Mellon’s history makes a sale the most likely outcome. He never sells at a low price so it will be sold on the value of the gold irrespective of the current share price in my opinion.
888icb
29/4/2021
22:58
La Libertad
book5
29/4/2021
20:03
Calibre had quite some capital-intensive activities in the recent past, so they are probably a bit short in cash and not too keen to raise equity for buying us fast. Also, there is currently no need for them to rush, if they could get us later & further derisked. The toll milling would have been a scenario where both companies had profited cashflow-wise. Calibre had spare mill capacities and Condor some permitted ore (shovel-read so to say...). On the other hand toll milling would have strenghtened both companies, and not only one. Calibre, which is already a more developed producer, managed to get along without the toll deal. For CNR, two of the larger shareholders (Ross Beaty & Jim Mellon) apparently had some disagreement about that and one has reduced engagement while the other is engaged even more now. The jackpot here is if Mark manages to get us to production independently. The key factor to that,in my opinion, is getting the land / surface rights via the legal route (as the last few % of owners apparently do not want to sell for mysterious reasons). Still, they can be legally forced to sell. Legal route again means political route and lenghty route. Elections are in November 2021 and we are formally in a presidential republic with a socialistic ruling party (whatever that means, can also be positive if they run out of champagne). As soon as we have the surface rights, the rest is more or less settled and the external influences are much reduced. The consolation gift is a buy-out around 40% NPV from Calibre (or Mako, or somebody else, who knows). I agree that the head should dictate inevstments and not the heart. Around a year ago everybody was sure that toll milling will happen (see spiking chart). This is also the reason why the BFS is not yet there. There is arealistic chance of financing the bigger part of Capex via cashflow, through toll milling or by getting the starter pits running on our second hand mill which will be delivered soon. Good news is that we kept our valuation during the course of 2020 until now, going more or less sideways. To me this is an indication that this is the bottom line for most investors, as one of the two scenarios will happen and we are quite a bit below 20% of NPV currently (whereas the NPV figure is outdated at 1600 POG and is likely to be higher). This was now the short version where we stand and why. To me both scenarios remain a brain decision, as we have a multibagger in both cases (multi in the meaning of something between 2 and 20). A total loss is very unlikely for many reasons (political, economical, progress made, geology etc). Therefore I stay invested, of course with slight frustration due to extended time line, but optimistic that the money is well parked here.
oldiegoldie
29/4/2021
19:07
Thanks for your view of what's going on. So it's confirmed that Politics as much as Geology dictates what happens here then, but then what's new. I'm therefore a bit surprised that this Calibre company hasn't already made a move on the company, or does it want to have its cake and eat it as well ? Is this something, this Mark guy will or is exploiting ? I have quite a sum still parked in TSG, which is being taken over on the cheap, but realistically, passive investors can't expect anything else. That ought to reinforce the point that it's the head, not the heart, that should dictate investment decisions, especially in mining.
corrientes
29/4/2021
17:55
The valuation is currently not driven by NPV or project milestones, but by two political games, which are elections soon to come (and current Nic politics being involved in CNR) and the takeover game with Calibre. We missed a window of opportunity for partnering up on toll milling with Calibre end 2019/early 2020. Now Calibre tries to dry us out for a cheap takeover. If toll milling would have been a success and we build the mine on our own I was expecting 2-3 GBP share price (without dilution). Now I guess Calibre will try to buy us out at around 80p. Mark seems to try hard to avoid that and make us achieve production independently. For me as a shareholder, both scenarios are OK. Of course developing the mine ourselves would be nice, but I would be ready for selling at around 80-90p with little hesitation only
oldiegoldie
29/4/2021
17:37
Does the present cap/share price make sense at this stage of the proceedings, and I am thinking particularly about the excellent grades and potential for ounces in situ ? If this company had these credentials in another jurisdiction, wouldn't the price be a lot higher than it is, or maybe I'm missing something major, and there isn't an anomaly at all ? Or is it simply that this is now such a slow moving story, with the local or Canadian politics having trumped the work being done to get to production, that the company has become a bit of a dead end or closed shop as far as serious investment is concerned ? If history is to be the judge here, doubling the share price might be about as far as can ever be reasonable expected, and those suggesting a much higher price might be forced to eat humble pie. At my time of life, I'm always looking to make sure the base is covered, and the downside limited, so I'm not looking for miracles.
corrientes
29/4/2021
16:28
Forget the buys in Canada. These are small retailers who do not know how to buy on AIM
oldiegoldie
29/4/2021
16:25
C$1.03 just paid for a small quantity = £0.59
bahamasoil
29/4/2021
16:25
I know it doesn’t mean much because of the very small volumes but in Canada Condor is currently Up 28.75% at 1.03 which converts to 60p. It’s a pity that wasn’t the UK where we only managed Up 2.2% on the back of excellent drilling results.
888icb
29/4/2021
16:11
Thanks for the info, tester2020.
corrientes
29/4/2021
14:34
We dont know the banks drillng requirements if we do not generate cash for 2 + years. I have a contact in Calibre, when I asked him if it is possible a toll mining agreement with them, he told me it is very probable they will buy rock from condor, and quoted me a larger spare milling capacity that the one was circulating on the lse board. Still I believe it will happen, the latest, when we finish drilling la Mestiza. They may want to buy our rock, rather than us renting their instalations, so the need for our extensive shalllow drilling. I have asked for his opinion, he is investigating.
book5
29/4/2021
14:26
Book, don't forget, we only need to satisfy the bank debt which will only be a % of that number (which will be lower than 120m usd). We'd be able to pay back that debt within a few years so don't think it will be an issue. I feel it is too late for a toll now. The boat has sailed. Calibre have just bought lots more land packages which will be cheaper to explore and I think they have enough to go on with their own exploration and their Eastern borosi project.
sherwood58
29/4/2021
13:57
We are drilling only the surface of the 1 million oz deposit that goes much deeper than 35m Just a thought : Why would we only drill to proof 60k oz? This is probably not enough to satisfied the requirementd to obtain the 120million financing package, but to study the economics of a toll mining agreement, and /or the FM's requirements to validate the model of our reserves. With a toll mining in place the need of further drilling will be reduced. –----------- Imho this share is manipulated to prevent it goes up. Eventually It will go up a lot , patience. I hope we see a positive momentum building in the share price soon.
book5
29/4/2021
13:25
corrientes - we believe its Ross Beaty who originally held about 6.5M shares here, but as of Feb 2nd (see RNS) was down to 5.5M shares and seems intent on selling down his holding here at around 50p, perhaps less now (47p?).. So there is currently a bit of an overhang of shares here which is suppressing any decent rises on good news Im afraid.. regards T2020
tester2020
29/4/2021
13:12
Who keeps on selling at regular intervals, so holding the price down ? Are they in cahoots with some interested party ?
corrientes
29/4/2021
11:02
Airbag, from my understanding we need to complete the key conditions of the environmental permit prior to construction. Owning 100% of the land should be one of these conditions. We've enough to be getting on with at the moment and the government are assisting in the last 5%. It'll get done in time and as Mark said, it won't delay the process.
sherwood58
29/4/2021
10:51
2012 "Condor Resources Plc (‘Condor’;) has announced a resource update for its wholly owned La India gold project in Nicaragua. The inclusion of the initial drilling assay results from its ongoing 20,000m drilling campaign has lifted the project’s resource to 1.62Moz at an average grade of 5.6g/t gold. This exceeds the initial 1.5Moz target that the Company had outlined for its latest resource estimate calculation. Condor is a little over half way through its current drilling campaign and has a large amount of drilling results to include in its next resource estimate. The Company has set itself a near term goal of increasing the resource at La India to over 2Moz." • In January 2019, SRK completed an updated Mineral Resource Estimate Condor's 100% owned La India Project in Nicaragua comprising 9.85mt at 3.6 g/t gold for 1,140,000 oz gold in the Indicated category and 8.48mt at 4.3g/t gold for 1,179,000 oz gold in the Inferred category. • The drilling has confirmed continuity of gold mineralisation in the La India orebody and supports the geological model used in the mineral resource and mineral reserve estimations. • Mark Child, Chairman and CEO commented: "The starter pits are shallow, within 35 m of the surface and contain 455Kt at 4.17g/t gold for 59,674 oz gold using a 2.00g/t cut off grade. The intention is to mine them early to quicken the payback period and enhance the Project's economics. The starter pits sit within the main fully permitted La India open pit, which has a Mineral Reserve Estimate of 6.9Mt at 3.1 g/t gold for 675,000 oz gold." My brain getting addled but appears grades are down quantity of contained gold higher BUT cannot compute AISC implications - HELP!!
pugugly
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