Condor Gold Share Discussion Threads

[bikwik] 14/5/2021 16:32

You can see why I had to buy some more yesterday....purely on the chart......though I know the fundamental story is good too. Thanks everybody for all of your excellent postings lets hope we can celebrate next week!

[bikwik] 14/5/2021 16:25

free stock charts from uk.advfn.com

[oapknob1] 14/5/2021 16:19

Nice to see some interest.

[book5] 14/5/2021 16:18

Bik
Thanks
It seems sellers are drying out

[bikwik] 14/5/2021 16:13

The chart is looking very good indeed. I'll post it with comments asap.

[mikeh30] 14/5/2021 15:41

Can't buy no stock available. Bid near mid. Should tick up

[oldiegoldie] 14/5/2021 15:36

Is yesterday's presentation available somewhere?

[goldrush] 14/5/2021 15:00

Starting to perk up this afternoon....about time.....

[book5] 14/5/2021 14:52

Discount
Very little gold on them

[septblues] 14/5/2021 14:42

if it cant be expensed by Condor then it must be a revenue?

[book5] 14/5/2021 13:00

Interesting question. Probably the lab sells it and gives us a dicount?

[septblues] 14/5/2021 09:14

what happens to the gold they drilled out

[888icb] 14/5/2021 08:51

I think Book5 has highlighted a very significant point in his report on last nights presentation:

“By default we may get permit to build the mine if in around 3 weeks we don't hear that the government opposes. We have told the government we have started with the construction phase even though we have not yet fulfilled all conditions. Great news, if successful this will mean our permit has been upgraded and EXTENDED (?) from exploring to construction! a rns will be issued if we received official notification to carry on building.”
I recall Mark said he had been told by a Nicaraguan Government official to go down this route. I am sure he would not have mentioned this unless he was sure he will secure the permit to construct the mine. Clearly that will coincide with the Sag mill starting to arrive on site which is starting to build the mine.
That is a major step and further suggests that the last 5% of the land is not a problem.

[888icb] 14/5/2021 08:13

Mark in last nights presentation said the last 5% of the land is not a problem but is taking time because CNR doesn’t agree with the price being asked.
Some of the other snippets are rather cryptic such as speaking to First Majestic 10 days ago and saying they are very keen on the project. Also Mark would like to do toll mining and the door is still open with Calibre . Various news is clearly imminent and the presentation was upbeat

[book5] 14/5/2021 08:04

U are right

It may be possible miners land resources need to be valuated before a price can be agreed. Now we have the drill results, and more resources being dicovered. Imho a matter of time

[oapknob1] 14/5/2021 07:42

Nothing about land purchase. Everything else progressing but this land deal still needs an update.

[book5] 14/5/2021 07:28

rns Results for the three months ended 31 March 2021
Extract MC comments on Cacao:
The 5,000m drilling program on the Cacao vein is aimed at demonstrating a 500,000 oz gold potential at Cacao, which currently hosts a small Inferred Mineral Resource of 662 Kt at 2.8 g/t gold for 60,000 oz gold over a 500m strike length Cacao, but is open at depth and along strike in both directions. The drill programme is designed to test to depth and along a 3,000m strike length and approximately half the drilling has been completed. The vein width is comparable to the best intersections at La India and the hanging wall of the vein is increasingly stockworked, as at La India."

[bikwik] 13/5/2021 23:58

Hi Tester, I'd say we are probably looking at a move to 75p to 80p based on the triangle pattern. However, given the long time spent in this pattern and the overall preceding upward trend then there's a fair chance we could do more. The start of the initial move looks imminent. If I'm wrong apologies now.

[tester2020] 13/5/2021 22:11

BIKWIK - interesting view thanks. I agree that the chart looks like it could break to the upside any day now - do you have a target for this potential move? 80-90p perhaps?

What’s stopped me from buying any more here so far (apart from having too many already lol) is that I’m concerned of an overhang of shares being sold into any rise by RB at 50p.. around 3-4M shares I think unless he has recently changed his mind.. I’ve been thinking that if it does move it has to be with big volumes to clear that overhang.. giving me time to get in at 50p level for that move.. but let’s see.

Lots of good news on the way it appears from MC presentation so I don’t think a buy here now represents any short term risks to the downside.. with recent market action I think that would have happened here already if it was going to.. Longer term, that election in November is worth keeping an eye on..

Regards
T2020

[book5] 13/5/2021 21:45

Tester
"Also there are no villages on Cacao so no resettlement issues like there were at la India?"

I dont know much, but I believe that is the case. Clearly in north Cacao there are not miners, but crossing a road and within ex-military land there are miners, is that cacao, on Sta Barbara? I was told that in cacao there will not be problems of access, building roads etc.

"Very very very glad to hear that they are hitting that vein. I seemed to hear him say that the vein intercepts on cacao are at least as wide as anything on La India (even if they don’t know the actual grades yet)."

I am not sure, but rumours I heard are positive:" they are hitting good stuff"..... too vague but again positive. I like the change on the drilling programme, on the balance of probabilities I believe these are good news. But we need a rns

[aleoap] 13/5/2021 21:40

Tester, copied the below from Warren's report. Mapping indicates that the contact between felsic volcanic rocks and the overlying andesites must be very close (perhaps 200 m below ground surface?). (The contact occurs about 410-420 m elevation in the dam river valley; this is only about 50 m below ground surface at Cacao.) At La India the brittle felsic volcanics (glassy welded tuffs, dacites, obsidian) show much wider veins and higher gold grades than the andesite cover. There is therefore great potential for Cacao to host a thicker, higher grade vein at relatively shallow depth. This has not yet been drill-tested.And this piece:There is also a good chance that the main boiling level, with the highest grades, has not been drilled yet. The vein thicknesses are comparable to the thickest veins seen at La India, which is very encouraging.I'm bullish on Cacao but has to be confirmed via RNS. I'm assuming we used Warren's recommendations for this particular drill program to test his views.

[bikwik] 13/5/2021 21:05

Had a quick look at these just after 4pm today. Was going out for family walk, but I just had to buy some more before We left. Looked like this is going to break higher any moment now. Hadn't read any of your fundamental comments and views. The chart just looks orgasmic. Good luck all.

[tester2020] 13/5/2021 20:46

book5 - I suppose the point being if they are hitting the cacao vein within 100m of the surface, could we be looking at another big open pit in Cacao rather than underground, given that OP resources are cheaper to mine? Also there are no villages on Cacao so no resettlement issues like there were at la India ?

Very very very glad to hear that they are hitting that vein. I seemed to hear him say that the vein intercepts on cacao are at least as wide as anything on La India (even if they don’t know the actual grades yet). Was that right?

So it seems a given now that CNR has a 3.5Moz high grade deposit at least. I also liked the point that they could have 4K tonnes per day of mill feed but the plant is only sized at 2850 max so far for 120koz per year. So room for growth on top as well.

If Nicaragua doesn’t implode under the next election / regime change - 2 years and this could be £3-£5 a share.. Esp if gold also hits $3000 in those timeframes with increasing inflation etc.. could be a perfect storm..

Regards
T2020

[book5] 13/5/2021 19:56

I noticed changes on cacao drilling from previous report's recommendation (25,drills btw 200 to 300m depth) to drills at 100m centres to 100m depth. At these centres the reserves would be of higher quality and add more to our valuation. Interesting change.