Condor Gold Share Discussion Threads

[oldiegoldie] 10/8/2021 15:24

Expect some director buying around 20-25p (see my posting from yesterday)

[aleoap] 10/8/2021 14:55

Anyone else expecting results soon followed by director buying at these levels? 14th aug last year I believe. I'm adding..gla

[oldiegoldie] 09/8/2021 19:03

I take it as a compliment, ElectricLion.
As I said, I disclosed my main buys/sells with 1 or 2 days delay in this very BB.
@sherwood my peak holding was about 3M shares in early 2020.

[electriclion] 09/8/2021 18:58

Condescending arrogant self-important twit. Oh sorry, did I say that out loud? Oh well never mind.

[sherwood58] 09/8/2021 18:53

Oldiegoldie, how many did you offload?

[oldiegoldie] 09/8/2021 18:27

Nothing more hysterical than hopeless optimism :-)

Anyway, if you scroll back through my postings here on ADVFN (I only posted in CNR and ZNWD) you will realise that I was right quite often.
I think I am one of the few that made at least a tiny bit of money with this share, even though I am still disappointed after ca 15 years of involvement.

Also I disclosed several times that I am/was quite a large shareholder, so my buys and sells clearly had an influence on the share price.
The recent drop was partially initiated by my sell, which I disclosed here in the BB.

So, to all of you who are still invested and defend this share, maybe the learning is that sometimes reading could be more effective than writing.

[book5] 09/8/2021 17:41

888

U thinking its just that.....
I believe "the hysterical" , and ridicule was bcs I used an analogy for the concept of job monopoly, which is not so orthodox ,as we all know , but understandable in the context of law applicability.
U are not good reading my mind: I am not a defender of the locals, that is what u think...again ur thinking.
I believe i am pragmatic and aware of the reality.
MC has been playing with all of us.
I reserve my opinion about u. :)

[888icb] 09/8/2021 17:24

An excellent post ElectricLion. I think book5 has once again lost the plot in his self appointed role as spokesman for the villagers. His speculation does appear hysterical at times, is unhelpful and pointless.

[book5] 09/8/2021 17:15

ELEC
Villagers main concern is what will happen when cnr leaves, and and rigthly so. Majority of jobs are in mining.

Could a Cpo be applied to us too if the value of the soccial entreprise for Nicaragua is more important/ valuable that what we bring? 7 years of revenue and then the ruin? Sorry but the social entreprise is more valuable.

Miners want land, they want la mestiza. Reason for drilling is to discover other resources so that we do not loose another 300koz. We tried in cacao but it has been a disappointment so far....

I cant see any other sustainable solution but resetlement. Otherwise Locals will probably complain and close access in the future, to be clear I do not trust the locals. Give them la mestiza, they give us the village, a clear territory for both with no possibility of complaining in the future.

Gla

[book5] 09/8/2021 17:06

All training courses are for those younger than in the mid 30s.
At the moment cnr jobs last less than 10years

[electriclion] 09/8/2021 16:49

With all due respect book5, I think you're getting rather hysterical. Addressing a few of your recent points:

Saying CNR has a monopoly on jobs is ridiculous. That's like saying that the only shop in a small UK village has a monopoly on jobs! That's not even close to what anti-monopoly laws are for.

Jobs come and go over time - there's not many coal mining jobs in the UK any more, for example. And for sure, that can lead to strife and misery for individuals and communities, but that's just kind of tough luck isn't it. Happens the world over, not through any maliciousness, just times change that's all. Plenty of people have to move to find decent work - there's usually not that many great jobs in a rural village in the middle of nowhere, whether that's in the UK, in Nicaragua or anywhere else in the world.

I have watched this board for a long time, and I have seen that you are consistently very concerned about the land. And rightly so, to an extent, it is certainly an important aspect that is on many people's minds. However, in the last couple of years, I have seen the amount of land required go from 60% or more to, you're saying 2.5% left? The last few bits were always going to be the hardest to get - that's why they're last!

As I understand it, we tried to resettle the inhabitants of La India and they kicked up a big fuss because they didn't want to leave, until, in the end, we had to back down. To now say it would be unethical *not* to move them is nonsense. First of all, do they even want to? Or is it just you saying that? Secondly, if they do, well they had their chance. They can't complain loudly now that they want to leave when they complained loudly before that they didn't and expect anyone to take them seriously. If they did make such a request, there's certainly no ethical obligation, and I would imagine no legal one either, for CNR to fulfill it. The entire companies plans were significantly complicated and delayed the last time around.

CPOs are routinely used the world over in order that a tiny fraction of individuals cannot block major infastructure projects. Perhaps the law in Nicaragua isn't applied as fairly or as transparently in the UK, but there's nothing wrong with the principle. If such a process did not exist at all, then nothing would ever get done. It's not theft. Just because you don't get everything you ask for doesn't mean it's unreasonable. Indeed, I wonder what all those who have already sold would think if they found out CNR had chosen to pay these hold-outs several times what they themselves got.

The alternative is being held to ransom by a tiny minority, who could ask for a high price, an impossibly high price, or simply refuse to sell at all.

I have no visibility into what the governments views are on all this, or what discussions have taken place between CNR and the government. More to the point, it doesn't really sound like you have either. So your alarmist speculation is unhelpful at best.

You want a huge drilling program? To what end? To pay the hold-outs an unreasonably large sum, whether that's in cash or land, for their 2.5%? Whose going to pay for that then? You? MC has a duty to the shareholders to use their cash wisely. If he doesn't think that's the best use of the company's limited funds, I'm inclined to believe him.

[888icb] 09/8/2021 16:48

Book 5 if they are currently making their living as miners why wouldn’t they get a job with Condor?

[dexdringle] 09/8/2021 16:33

Just out of interest, does anyone know how much money has been spent on this whole project so far ?

[book5] 09/8/2021 15:13

In the uk we have anti monopoly laws.
Cnr has the monopoly of jobs!!

[book5] 09/8/2021 15:09

888

Those are the only jobs they will have in 30 years, and for the over 40s from today. How much would u pay for such compensation, what is the market value. MC has spoken about:
+Compensation for life of lost of earnings, it will be paid in rocks!
-land swap
Imho it will be land swap, or cpo for a fraction of what was spoken about, robbery. Call me cynic.

I will not be surprised the Goverment cpo us la mestiza, and cut the cake to give it to the miners.

[888icb] 09/8/2021 15:08

We use CPO’s here in the UK and it is an accepted way of dealing with such situations if people won’t agree to a sale at a fair price. Clearly you can’t allow a small minority of people to stop a major project by demanding an unreasonable price. I think using words like confiscation is inflammatory and also not correct because confiscation implies it’s taken away from you without compensation. It would be a compulsory purchase at a fair market value.

[book5] 09/8/2021 15:07

This mine, as it is designed, will not go ahead in any modern country.
We need to resettle miners or this would be an unethical entreprise
But in nicaragua terrible injustices are possible
This is the boat we are on.

[oldiegoldie] 09/8/2021 15:03

Book 5 you hit the nail on the head
Some posters here expect to have the law on their side when confiscating land from a social cooperative, but do not expect our own assets to be confiscated... thats an absurd interpretation of the situation.

[book5] 09/8/2021 14:51

888
I reported here, before MC , that more land was bought and remaining should be closed to 2.5%.
My evidence is:
MC said cpo , ie confiscation, was the solution.
There have not been negotiations for 9 months.
My conclusion is we are waiting for a cpo past the elections。imho we cant cpo on a mining social enterprise! It is dynamite, while expecting someone else will not cpo us?
But in nicaragua all is possible

[888icb] 09/8/2021 14:38

Book 5 do you really think there is anything helpful about your pure speculation concerning what is happening. We know CNR has a team of lawyers working on the land and in a recent interview reported more land had been acquired. What evidence do you have to suggest they are waiting for the elections and are hoping the land will be confiscated.
How were they supposed to pay for your massive drilling campaign without massive dilution of existing shareholders?
Gold is having a poor time at the moment and Condor has been drifting on low volume because it has not sparked the markets interest. Otherwise we are proceeding towards production and/or a bid. Don’t help the traders by joining in with their agenda driven negativity.

[book5] 09/8/2021 14:34

Oldie G
Our valuation is 66% based on la mestiza, rest is very little. Increasing quality of its reserves through more drilling must happen for our own shake. It is happening!

[oldiegoldie] 09/8/2021 14:31

@book, if you ask "what then" - the answer is "maybe nothing".
Would not be the first explorer to end like that. As I said I still see some hope, but not in the next 6 months and not at the current ca. 1/2 NPV valuation.
If we were in a proper jurisdiction and not in a developing country, these problems would not surface at such a late stage, so close to success.

[book5] 09/8/2021 14:24

No land, no permit.
If goverment does not help, and they seem not to be intetested in helping , what then? More drilling, or selling, I cant see any other way.
And even if we get all the land, the village is too closed. Calibre is receiving complaints.

Toll mining may close the option to swap land in la mestiza.
Miners around la mestiza has been given noticed , imho till they go (4 to5 months?) there is not chance of toll mining from la mestiza

[oldiegoldie] 09/8/2021 14:19

Tend to disagree with regard to drilling.
More drilling would not have resolved any of the issues we have and also not attract more shareholders.
In my opinion drilling at our current sitution is just a waste of money.
Unfortunately we are stuck here for a year already, as MC was relying too much on the toll milling. Sometimes there are unsolvable situations in business, which is the case here, and now we can only hope that the company survives politically and will bstill have enough credibility to refinance early next year for another try. Otherwise we can just close down business and wait for somebody else to dig out our gold, probably Calibre...

[book5] 09/8/2021 14:01

It is clear cnr is not negotiating, all smoke and screens.
We probably are waiting for the elections and hopping the gov will confiscate the miners land. Very risky gamble and unethical.

Instead we should have tried to resolve the land issue by a much larger multimillion drilling programme (say 5 to 10 times bigger) for the last 9 months, or better for the last 9 years. We will need to do it anyway....