Share Name Share Symbol Market Type Share ISIN Share Description
Condor Gold Plc LSE:CNR London Ordinary Share GB00B8225591 ORD 0.1P
  Price Change % Change Share Price Shares Traded Last Trade
  -0.50 -2.82% 17.25 133,521 09:00:20
Bid Price Offer Price High Price Low Price Open Price
17.00 17.50 17.75 17.25 17.75
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining -2.33 -1.70 27
Last Trade Time Trade Type Trade Size Trade Price Currency
16:20:52 O 10,000 17.075 GBX

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Date Time Title Posts
27/1/202316:20Condor Gold plc10,255
22/2/202213:18Mc pony talk-
16/9/202014:26Precious Metals Summit Conference -
26/7/202023:20Condor Resources - Flight of the Condor in 2011?15,172

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Posted at 27/1/2023 08:20 by Condor Gold Daily Update
Condor Gold Plc is listed in the Mining sector of the London Stock Exchange with ticker CNR. The last closing price for Condor Gold was 17.75p.
Condor Gold Plc has a 4 week average price of 15.35p and a 12 week average price of 15.10p.
The 1 year high share price is 37.75p while the 1 year low share price is currently 15.10p.
There are currently 158,629,530 shares in issue and the average daily traded volume is 47,159 shares. The market capitalisation of Condor Gold Plc is £27,363,593.93.
Posted at 11/1/2023 12:40 by 888icb
It was incredibly bad luck for Condor that the Sleepy Joe electioneering sanctions coincided almost to the day with the BFS that should have moved us higher. It wasn’t foreseeable and nothing CNR could do about it. Clearly as the other gold companies in Nicaragua have shrugged off the sanctions which weren’t aimed at them anyway, the same should now apply to CNR. CNR should move back towards its pre sanctions share price as we await an update on the share price Calibre was Up 13% yesterday taking it above its share price when the sanctions were announced.
I agree with the view that Jim and Mark wouldn’t have gone down the asset sale route unless they were confident of a good outcome. I think Jim is very confident of a good outcome and seized an opportunity to increase his shareholding at a very low price. He used the CLN to set a low price for the fund raising which I think was too low and being greedy. It could have been at 20p or higher avoiding the need to mess with the share capital and bring the share price down to 15p. Jim is never one to miss a trick that’s to his advantage but he has been the main supporter of the company for many years and has provide most of that at much higher prices. We were all afforded the opportunity to buy at 15p to avoid dilution so if a good sale price is achieved the shareholders will not be disadvantaged. It’s just annoying that when other shareholders took up the 15p offer we didn’t the 2.5 x warrants that Jim got when he converted the CLN.
Let’s hope for an update very soon and that the share price starts to recover in anticipation and due to the strong gold price currently 1885.

Posted at 30/12/2022 10:49 by 888icb
Well said Grimreaper this board has long been dominated by a group of derampers and some with multiple aliases. Book5 has long been the lead deramper responding to every post and claiming local knowledge. The bb is a deramping club and as such is largely ignored.
I was asked yesterday on lse to give my thoughts on what the share price will equate to on a sale of the assets and I responded:
“ If I comment on likely share prices I only do so on the basis of what the company tells us about the value of our assets by RNS or in the course of interviews or presentations. We have all seen the BFS and you can work out value from that. In terms of comment from Mark in his interview at Mines and Minerals on 9th December he talked about having US$100 million to 200 million from the asset sale. Converted to Sterling that’s £83 million to £166 million approximately.
Based on the current market cap and share price the suggested share price would be between x3 and x6 the current share price of 15.35p.
The predicted range would therefore be between 46p and 92p.”

Posted at 22/12/2022 23:04 by zangdook

Thanks. I've had another look, and I think it's more complicated than that. The way I read it the 12,156,374 includes both basic and excess entitlements, and the 3,004,999 went to shareholders who for some reason did not qualify for the open offer.

Part of the excess entitlements not taken up by Qualifying Shareholders under the Open Offer have been placed by the Company and its broker, share price Angel, with non-Qualifying Shareholders at the Issue Price (the "Placing").

The Open Offer has now closed for acceptances and the Company advises that valid applications, including pursuant to the Excess Application Facility, were received in respect of a total of 12,156,374 Open Offer Shares. 3,004,999 New Ordinary Shares have been placed with existing shareholders.

The only explanation I can see for saying the "existing shareholders" didn't qualify is that

"The Open Offer Shares have not been and are not intended to be registered or qualified for sale in any jurisdiction other than the United Kingdom.......The Open Offer is not being made in Canada or to Canadian Shareholders and is not available for acceptance by any shareholder in Canada." (5 Dec RNS)

In other words, the Open Offer didn't meet some requirement of Canadian law (or US, or anywhere except the UK), but the company didn't want to respect that and let some Canadians or others in through the back door by calling it a "placing".

From the 5 Dec RNS:
If and to the extent that the Open Offer is not fully taken up by Qualifying Shareholders, the Company may place any Open Offer Shares that have not been subscribed for with non-Qualifying Shareholders or institutional investors at the Issue Price.

Posted at 21/12/2022 07:35 by oldiegoldie
Zangdook, once more, the OO for the asset has nothing to do with the share price.
CNR wants to have 106M, my guess for the offer is in the area of 30-40M.

In any case, irrespective of the price the asset is sold for, the share price will plummet as soon as the sale is agreed, because CNR has no significant asset anymore but just some cash.

Posted at 20/12/2022 09:03 by dexdringle
The weird thing about this is that, for a long time while the share price was in the doldrums (circa 30p), the story was that once the BFS was completed and published, and the gold in the ground was confirmed, the share price would leap as we'd finally have something tangible and not be an "is there or isn't there gold" fantasy share.

But what actually happened was that confirmation of the gold reserves being good actually caused the share price to drop to a level lower than that when the reserves were unproven.

Feels like we are living in some sort of parallel universe where, had the BFS been terrible, we'd now be at £1 a share.

Maybe it's time for a limerick.....

Posted at 19/12/2022 17:56 by book5

the biggest problem at the moment are the sanctions

The only way to recover Invesment (say 50p per share) is actually by mining the gold, either with a toll mining agreement, or selling cnr for paper in calibre and wait for calibre dividends for many years..

IMHO an only cash offer, if we are lucky, will be between 20 to 30p.

we only need to look to the share prices of Nicaraguan miners, probably the market only values the cash in the bank + profit to be generated in the next 12 months + and assets abroad??.

all my critics should check how many shares the directors bought last week, and then explain it to me why they bought so few if there are 7 buyers offering as minimum $100 million (40p per share, if only a fraction of the warrants are converted and we limit the shares in circulation to 200 million shares ).

The largest bull in cnr went quiet after last friday, I wonder why ? As well I would like to hear the comments of my critics on this issue

spin is spin but people like to hear it, truth is hard to take

NPV of Calibre shares on paper are probably several times its current share price, as ours (NPV) is in relation our share price. I hope we will get a deal with calibre (either toll mining, or selling for paper), otherwise, most probably, nobody is going to be happy

i hope 2023 is a better year

Posted at 01/12/2022 14:34 by corrientes1
The extreme conditions affecting CNR today, arising from both internal and external causes, has clearly created a dangerous virus, so that even some of the posters here have been exposed to it in terms of their extreme views. That is perfectly understandable given the company's present diabolical share price, management inertia etc., which ultimately defies logic knowing just how much gold is in the area, with the company not quite having 100% ownership. It must have created a situation so that somebody somewhere, and whether done legally or illegally, is probably going to make that person very wealthy indeed at the expense of innocent long-suffering shareholders of a company that has been invested in the area for such a long time with nothing ever happening. A polite way of saying this is to use the 'frustrating'.

To me anyway, the sixty-four-dollar question is just how much money is needed to get this outstanding important piece of land and what this means to shareholders. The probability, which I hope won't be the case, is that CNR's name stinks locally, (history being proof) so that making a direct deal with the co-operative will be extremely difficult, and we shareholders won't really benefit as much as we'd like. The likelihood of some eventual underhand deal not involving CNR, is when the real money will be made

Just my pennyworth, trying to think this thing though dispassionately.

Posted at 01/12/2022 00:03 by book5
888ICB30 Nov '22 - 15:03 - 9682 of 9686

I do not agree with your, why? because the rns states that if the existing shareholders do not take the offer of 1/6 new shares, then CNR will sell the new shares to another any other party that wants them. therefore cnr needs the money, period.

rns states that other offers to finance cnr were more expensive for the company that what they are offering to us.

reason for the cash rise:
I know, i am positive we need to pay around $1.08million to the associates, plus some land (how may hectares we will need to give it is not clear, in the worse case will be la mestiza, in the best case scenario we keep majority of it). I believe the reason why la mestiza was not added to the BFS is bcs we may need to give it away, i am not sure how this will end up, an concern is the government may want to give the management of the mestiza to its friends.

rns states:
we need to register our properties (this can also be interpreted as we cant register then yet)
we are almost construction ready, but we are not. why? imho, for the same reason i have been saying because we dont own the coop's land

Questions are many, and the fact MC has not been very honest and the share price is going south will put off many shareholders to add new money here, many will sell 1/6 of their holding to buy my new shares at 15 p . So if we go to third parties for funding this will drop hard below 15p

Having said all of this, i am an optimistic cnr will be able to sell la india and American pits, however this is a bit question mark for la mestiza. so we the 150kz annual production talk is best case scenario, if we loose la mestiza then 90koz for 6 years till deep tunnelling mining starts.

I believe $86million will be a good price to achieve, ie around 86million / (250million shares) /1.2 (to pounds) = 29p, with fees say 28p . This will be only 45% gain from here, which is not bad but if someone buys at this level.

the above assumes there will not be more sanctions to Nicaragua

i hope to be wrong


Posted at 24/11/2022 11:12 by corrientes1
If these miners have been digging for over 100 years, the area must surely be very large for them to be able to continue to earn a living from it. If they are having to dig deeper, logically this must reduce the overall earnings. When does it become uneconomic to stop this small mining operation ? How much of the land surface has been exploited ; all of it ?

If we don't know just how this co-op operates, it's impossible to make any judgements about our own future, so MC can continue in this mode till the cows come home. How many of the miners could be employed by CNR to make the transfer acceptable for surely there must be regular as opposed to seasonal workers ?

So many questions, but if I were a member of the cc-op and on balance a case could be made for modernising the operation and overall improve the lot of the community, like passing it over to CNR, then the fact that this hasn't already happened says to me that there must be a continuing great suspicion about CNR. Maybe CNR have not covered themselves in glory by making a silly derisory offer to the co-op in the past, and we continue to suffer because of it.

That tells me that there's no way MC etc will ever be able to extract a deal, so another company needs to take over ASAP who can start off with a clean slate. CNR has a low share price, but that low cap in itself must be tantalising to another company. With that in mind, CNR should be able to extract a much better deal than the present share price indicates. We should remember that sentiment might change, but the value remains.

The country is poor so surely the government would be all in favour of such a move.

Posted at 24/11/2022 09:44 by dexdringle
MC will no doubt argue that the current share price in no way reflects the true value of the business and that the current market cap is therefore irrelevant.

But that would imply that the shares are way undervalued. But the market is clearly not buying that.

I suppose the issue for someone trying to take over the business at the current share price would be that the larger shareholders would demand a significant premium to the current price. And it would be impossible to accumulate significant numbers of shares on the open market without pushing the price up significantly as they do so.

Potential suitors may well decide the whole thing is more trouble than it us worth.

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