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 Shares Traded Last Trade
  -3.50 -7.14% 45.50 619,271 15:36:49
Bid Price Offer Price High Price Low Price Open Price
45.00 46.00 49.00 45.50 49.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining -1.52 -1.86 54
Last Trade Time Trade Type Trade Size Trade Price Currency
16:30:00 O 1,926 45.874 GBX

Condor Gold (CNR) Latest News (2)

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Condor Gold Takeover Rumours

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Date Time Title Posts
21/9/202012:05Condor Gold plc3,418
16/9/202015:26Precious Metals Summit Conference -
27/7/202000:20Condor Resources - Flight of the Condor in 2011?15,172
04/12/201820:40Condor Resources with Charts292

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Condor Gold (CNR) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2020-09-21 15:30:0245.871,926883.53O
2020-09-21 15:29:4145.9025,00011,475.00O
2020-09-21 15:29:0745.0110,0004,501.00O
2020-09-21 15:26:4945.9010,8934,999.89O
2020-09-21 15:25:2345.005,0002,250.00O
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Condor Gold (CNR) Top Chat Posts

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 49p.
Condor Gold Plc has a 4 week average price of 45.50p and a 12 week average price of 36p.
The 1 year high share price is 61.50p while the 1 year low share price is currently 18.75p.
There are currently 117,598,520 shares in issue and the average daily traded volume is 264,077 shares. The market capitalisation of Condor Gold Plc is £53,507,326.60.
book5: Imho, the current share price only values the Mestiza and America potential sale price, i.e. La India pit valuation appears to be close to zero. So risk of CNR's share price coming down is extremely low. All good, very good risk reward ratio
sir andrew ffoulkes: I have to agree connect5, CNR continues to confound. I can only think that the majority of market participants in these sorts of things fit into 3 categories, the first is the believers (us), the next are those who are unaware of CNR and finally the non-believers who have followed CNR for more than a decade only to watch all sorts of share price movements and apparent inaction. It's a difficult thing to persuade people that this time is different, as is obvious from the comments of some posters here.
rayong: JM's companies often have a share price that takes on a life of its own and I wouldn't be surprised if CNR's price plummets in the near future. If so do we buy sell or pray? I can see you are all commendably optimistic but there isn't such a thing as a dead cert, is there?!
thecoyone: This is the reason why I expect to see a re-rate, how much longer can Condor languish 3 to 4 fold below peer valuations. If management cannot get the share price higher many will be happy to take £1.50p, at current levels the share price is a gift. I think the rumours concerning new land acquisitions are most likely true, the CEO said recently it was only about the price, perhaps they are now up to 90% (from 75%) if a bidder is out there the window is closing.
oldiegoldie: I think the reason for the delayed share price development is that CNR is one of the few explorers that were set up for becoming a mine by own means, without being taken over by a big player, at least from the Nicaragua activites onwards. El Salvador PR and share price development around 10 yrs ago was very "explorer-like" for a quick sell, went horribly wrong, but NIC La India is now a different approach, loads of money spent for social projects to have a long term perspective, serious investment plans in milling equipment etc. This is why traders might prefer other explorers for a quick flip. In my personal opinion I believe it is envisaged that, with La India returns (partially) in the pocket 5-10 yrs from now on, CNR might even go and expand further by buying other explorers this time, CNR itself becoming a bigger player beyond current licenses. This is also where my "second stage" growth fantasy comes from.
pugugly: OldieGoldie - Stakeholder not shareholder and only joined ADVFN in May 2020 so do you own part of the land or are you employed by them? otherwise why not use "shareholder"? If this is to get anywhere MC has to start producing gold and not just talking the talk alongside his his broker - Gold at a new peak and CNR share price effectivley half the price in 2016 and some 20% of the price in 2006 (assuming ADVFN charts correct) - or he has to move on and let someone else get on with the job.
oldiegoldie: Here is the recent share price Angel report - worth a thorough reading IN SHORT: Conservative share price target is 1,02 £ They also draw scenarios for different gold prices. hxxp:// Edit sorry I have difficulties posting hyperlinks that work - just search google for this report
bomber13: Not only did Condor easily raise £6.4m net via the issue of 18m new shares at 36.5p per share last week , but it also received £765/- from early warrant exercise . These funds will go towards completing engineering and technical studies on the La India Project , purchasing the remaining freehold land in and around mine site infrastructure , and paying the deposit on a processing plant . Condor has also announced its intention to permit the 1.2m oz of underground mineral resource on commencement of open pit mining of the already permitted 1.12m oz of above ground resource , and to accelerate exploration activity in order to demonstrate a 5m oz gold district . No details on the processing plant have yet been provided , or on where we are with regard to land purchases , but it would seem that things are now moving at quite a good clip . Whether or not this development rules out a toll deal with , say , Calibre Mining , is a moot point , but early cash flow from a toll deal whilst the plant is being transported/constructed still seems a very doable and sensible option . Calibre Mining suspended its mining operations on 25th March owing to the Coronavirus having already mothballed one of its 1000 tpd ball mills at the La Libertad mine last year , and therefore a toll deal with Condor might suit their medium term plans well . From Condor’s point of view , last week’s fundraising gives them a more powerful hand to play , and I suspect we will know soon enough on a toll deal , and whether it is their intention to go for a new 1000 tpd processing plant from China for 50/- oz of gold production pa or a second hand plant at , say , 3000 tpd for 150/- oz of gold production pa . My hunch is on the latter . Condor floated on AIM at the equivalent share price in today’s terms of 200p 14 years ago on 31st May 2006 , and with a market cap of £12.2m on 6.1m shares . Today’s market cap on 116.2m shares at a share price of 42p is £48.8m , but the big change over that 14 year period is that Condor has 100% of a potential 5m oz gold district , a 2.3m oz independently validated resource , of which 1.1m oz is now permitted to be mined as an open-pit resource at extremely low cost , and which is currently worth $1.9bn in the ground . Post last week's early warrant exercise , and fundraising , Condor has updated its major shareholdings , and the history of the top five shareholders controlling nearly 40% of the issued capital is particularly revealing - Jim Mellon - the largest shareholder with 15.5% , and a well-known gold pundit , billionaire , and friend of Mark Child , our Chairman and CEO , Jim has been a loyal supporter over many years , and has increased his interest in Condor big time in the last 3 years . He has been a non-executive director since April , 2011 , and , since then , has invested around £5.8m in Condor for a holding of 18.03m shares at an average cost of around 32p per share . Nicaragua Milling - our second largest shareholder with 9.2% , run by Randy Martin , who has developed many mining operations in Nicaragua , and is also a friend of Mark Child . Nicaragua Milling became a 10.4% shareholder in the July 2019 placing at 20p , and has subsequently exercised some of the warrants from that placing at 25p per share . It is not clear from the website whether NM participated in last week’s fundraising , but , assuming they did not , their 10.7m shares have an average cost of around 20.4p per share or £2.2m . Ross Beaty - another billionaire gold pundit , and a highly successful operator/investor of gold mining companies , has been a shareholder since the placing at 40p per share in April , 2016 , taking a 7% stake . Since then , he has followed some , but not all , of the Condor placings , but after exercising warrants last week and taking a small amount of shares in the placing , he owns 7.33m shares or 6.3% at an average cost of around 41p per share , or £3m . Oracle Investment Management - fourth largest shareholder with 4.1% , and a supporter of Condor from flotation . Coincidentally , Oracle’s holding of Condor is about the same as it was when they floated , but in the interim its holding has been up to 9% of the company . After contributing to last week’s fundraising at 36.5p , Oracle own 4.8m shares in Condor at an average cost of 32p per share or £1.5m . In the 14 years since flotation Oracle has never sold a single share of Condor . Mark Child - Chairman on flotation , and Chairman and CEO since July 2011 , Mark has been the catalyst for Condor’s development in the last 14 years . He currently owns 3.6% of Condor , but his holding was as high as 11% nine years ago . Following last week’s warrant exercise and fundraising , both of which he participated in , he owns 4.2m shares at around an average cost of 14.4p or £600/- . Just under half his holding was bought at 7p per share in July 2010 . The point about the above analysis of Condor’s top shareholders is that they , along with everyone else , are still an awfully long way from making a decent return on their investment , which is broadly very encouraging news . After 14 long years since flotation it is only NOW possible to visualise Condor's first ever proper cash flow in the next 12 - 18 months , having pretty much derisked the La India project in its entirety .
bomber13: Condor's equity placing at 20p per share on 8th July last year brought in £4m gross , of which Jim Mellon accounted for £1.25m to become a 14.9% shareholder , and Nicaragua Milling accounted for £1.97m to become a brand new 10.4% shareholder . These two subscriptions represented 80% of the placing , and , without their support , Condor would have struggled . Soon after , it was no surprise to learn that Numis had been replaced by share price Angel as Condor's broker . With the Condor share price having closed above 30p for 10 consecutive days now , 50% of the warrants issued in that placing will now be subject to an accelerated exercise at 25p , amounting to the equivalent of 3.365m new shares or £841/- . What will be very interesting to watch is whether Jim Mellon , a non-executive director , and Condor's largest shareholder , and possibly Nicaragua Milling , Condor's second largest shareholder , both decide to exercise ALL their warrants at this time , thereby giving Condor extra cash to help oil the wheels towards mine development ? They will be aware , as we all are , that Condor is grossly undervalued , and the last thing they would want is for a cheeky bid to have a chance of success .
cf456: Yes, decent buying again today. Looking more and more like the start of a new uptrend on the chart. Jim Mellon clearly very keen loading up so frequently recently, with his £1.25 million investment last month particularly telling. He is bullish gold and there is certainly a lot of upside to the CNR share price, especially in the current environment. --- "The boat is leaving and there is just enough time to jump on the gangplank The same applies to silver and, possibly, palladium, but gold is easier and there are lots of ways to play it, physical, futures, ETFs, and gold miners. Barrick (NYSE: GOLD) is good, as is mining minnow Condor Gold (LON: CNR) here in London, where I am a director and shareholder. So that’s a pretty easy trade – sell those bonds (especially given my forecast that disaster lurks under the surface of the frantic machinations of the ECB to avoid a full-blown crisis in Italy), and buy your own flavour of gold." hTTps://
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