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
  -1.00 -2.13% 46.00 183,114 10:37:30
Bid Price Offer Price High Price Low Price Open Price
45.00 47.00 47.00 45.50 47.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining -1.31 -1.21 60
Last Trade Time Trade Type Trade Size Trade Price Currency
15:56:55 O 4,250 45.80 GBX

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Date Time Title Posts
17/4/202112:00Condor Gold plc5,244
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 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 47p.
Condor Gold Plc has a 4 week average price of 45.50p and a 12 week average price of 42.50p.
The 1 year high share price is 61.50p while the 1 year low share price is currently 23.50p.
There are currently 130,519,401 shares in issue and the average daily traded volume is 150,239 shares. The market capitalisation of Condor Gold Plc is £60,038,924.46.
888icb: We have heard from Mark that Warren Pratt is Ross Beatty’s favourite geologist and that he was most excited by Cacao. Now just step back from everything else and imagine Condor is an exploration company who are starting to drill a new gold deposit with the clear potential to be bigger than La India. What would happen to that company’s share price now and later on successful drill results? The share price would be on fire as we know by observing a number of exploration companies over the last 12 months. Condor is not taking any notice of this is in share price terms which is quite frustrating but should really boost the next leg up when it arrives as I think you are right to say that in its lifetime this will be a 10 million oz gold mine.
tester2020: Well.. the figures stack up like this as far as I can see - a 40koz pa toll mill deal with 50/50 profit sharing would probably generate around $15M cashflow a year for Condor, with a minimal $2M CAPEX upfront and no debt required. That would give EPS (130M shares) of 12c, 8.5p.. at a conservative p/e value of 7, thats about 60p per share. Just for the toll mill deal alone.. (Plus the residual value of their resources etc - I would think it should take the share price up to the 90p-100p mark). Now for me, heres the rub.. Calibre know all of this as well - they know that signing a toll deal with CNR would increase their SP/MCap. And if you actually wanted to buy La India/CNR cheap, would you really want to be the cause of that share price increase? For me, thats been the real cause of the delay in doing the deal so far. My hope is that the recent change at the top of Calibre, coupled with the £4M investment from JM, $3M FMSilver, purchase of new SAG Mill now etc, means that they will finally capitulate on holding out on the pipe dream of buying CNR cheap as a distressed asset.. and finally accept that they have shot themselves in the foot for 18 months, as they could have had an extra 20koz of production per year.. If it was good enough for B2Gold, should have been good enough for them.. regards T2020
seemore: Tester, Thanks for your info on Cardinal Resources. I was unaware of that case. But it isn't quite the same situation. CNR doesn't have 5m oz, it only says it thinks it will have one day. If you haven't already, do check out Marathon Gold MOZ.TO. They now have 4m oz, it is high grade o/p, it is in Canada, initial capex c$200m. For most of their life they were set up only to be sold but it didn't happen. I don't say that CNR will never be bought, just that it will not be bought soon at a massive premium, so best not to have that as your investment case. And for the company to press on to cash flow / production and deal with any potential buyers if and when it happens. 888, I am aware of what JM said on MI. I am also aware that the RNS said the money was for several things, incl land purchase. You implied yesterday that I knew nothing about negotiation, I don't need to impress you with my CV. But it is obvious, even to me, that when I have to get the other party to sell me their land, I am not going to tell you how much I am willing to pay! CNR has to face the fact that the landowners have the whip hand. They have no pressing need to sell the land, they don't have to worry about where CNR gets the money from and they know it is backed by billionaires. The only thing they have to worry about is asking too much that the Gov sides with the company. In my experience, in situations of a forced purchase, delay leads to a higher price. Time is also an opportunity cost for CNR. Maybe the Gov has mislead us but now best to be generous and get the job done quickly. If this is not the approach that MC is taking, I will be very surprised.
seemore: 888, I have no insight into the apparent change of direction and real intention of starting to drilling Cacao, I am just speculating. And, I am pandering to my belief that the surest way to realise value is to accelerate the realisation of cash flow and production and that ownership of all land is key to this. There may be some arrangement with a third party to acquire CNR if the company proves up more gold. But I doubt that such an arrangement will produce the sort of premium that this board expects. It would be more of a had enough of this, take what you can get exit. All the signs are that JM is in this for the long haul and as it is small potatoes for him and needs little of his time, why would he get fed up with it? I don't know of any recent cases where an undeveloped resource, short of a bankable study, has been bought for a large premium. Does anybody else? Whatever, share prices do not rise because existing holders have a belief in the potential. That needs a story that the market can understand and believe that will attract new buyers. Sadly, CNR doesn't have that atm. The fact that existing holders who all want the company to succeed can advance different views of what the company is trying to achieve is evidence enough that the conditions needed for a sustained rise in the share price do not currently exist. I wish it weren't so, but the price action is confirming that it currently is. It is also confirming, IMO, a preparedness to respond if the company gets its act together, as long as the story comes fairly soon. Absent that, there is the risk that the downtrend that reversed a year ago will resume. Especially when the fall in share prices across the sector has left a lot of good companies at bargain prices.
seemore: 888, I do not have an agenda. I am an investor. I have a similar time scale and ambition to JM i.e. "multibag in years". At times you write like you think so also. Other times you want others to just buy the shares because of the potential. Would be nice but it is just not the way markets work. So, give yourself a break by not trying to force something to happen sooner than it can. Take a look at the 12 month weekly chart on a log scale. (I would post it but I don't know how to) Enjoy the steadily rising 50wma and the triangle consolidation in recent months which suggests the market wants to breakout coming soon, and it will if the company, by it's actions gives it good reason to do. It is most unlikely to be Christmas coming in March in the form of a bid at a massive premium. Another 500k oz of inferred resource at Cacao will not trigger it. I interpret he chart as reflecting a continuing market belief in the potential of CNR, softened by what can only be described as faffing around by the company recently, to the point where, even knowledgeable observers like this board are debating what the company is really trying to achieve. This is not a recipe for a market breakout. IMO, what has caused the hiatus is that there has been no progress on buying all the land in recent months and the markets scepticism on the companies claim that this is not a critical factor and as good as done anyway, with government help if the owners did not play ball. I guess at the time the company floated this line it expected that there would only be a short delay in buying the land but as the weeks have gone on with no progress their credibility has worn thinner. We are past the point where talk or even dropping another veil will do it. So, I believe, the breakout in the share price needs to come from an RNS that announces CNR owns all the land. I share Book5's view that it makes sense for the company to be generous to the miners. Then a detailed plan to cash flow / production, at the same time or shortly after. Next, use the resulting rally in the share price to secure the equity part of the build funding and announce the debt portion simultaneously which will secure the rerating as long as the dilution is reasonable. That is my positive outlook for my investment and, as a holder, I have my hopes up for this outcome.
davidspringbank: The article in the link below may help long-term holders to get some perspective of charting and how the gold price moves in waves and how it affected the price of your Condor shares. In 2011, the spot price of gold hit $1920 oz. It then retraced some of it's gains and subsequently failed at three attempts to get back above the $1800 level. The $1800 level then became known in charting terms as "resistance". The price of gold eventually bottomed in 2016, at $1045. However, when the price of gold eventually penetrated and surpassed the $1800 level, in 2020, that charting level then became known as "support". Shares, or whatever you are monitoring, will generally trade between the "support" level and the "resistance" level. So if you were invested in Condor in 2011 and buying shares at over £2 each, it is should be of no surprise to you that the share price of Condor retreated and the majority of gold shares would have also reduced in price simultaneously. The price of gold is beyond the control of the management of the company. The fact that some of you averaged down and bought more shares at 19p is a credit to your your belief in higher prices, which has been justified. This article by Chris Aaron, although a year old, it still relevant today. Gold is consolidating its gains, which is a trying time for holders. The constant grinding-down phase in price will drive many investors to despair and can cause them to sell. Big mistake. That's usually when gold will do the exact opposite and will literally take off vertically heading for new highs. This is shown by the righthand green upward sloping line in Chris's chart. I hope this helps. hTTps://
vermilion1966: What do you think the CNR share price will be in 2-3 years time, assuming:- 1. We've achieved 1st pour from our own plant. 2. We've firmed up reserves of at least 3m ounzes 3. Gold price is above 1750 Now decide if you want to buy/hold for that price - simples! Everything else is just noise
connect5: Nothing unusual to see with CNR '888ICB' these share price drifts are par for the course. Apologies for the tone just fed up waiting for something good and long lasting share price wise to come our way at long last!
davidspringbank: 1airbag, your previous complaint about our weak share price is entirely due to traders selling. They probably bought low at around 40p and sold at 55p. When people sell, the share price goes down and when people buy, the share price goes up. It's as simple as that. Nothing has changed with CNR, which is transitioning from Explorer/Discover into a Producer, which is why I bought in the first place. It sits very nicely with my other gold and silver miners, explorers and developers.
davidspringbank: Thanks to PdP1000 on CNR, LSE. Reason for today's share price behaviour: The attached report is Swen Lorenz’s initiative. It is unpaid for recommendation on Condor Gold for his lifetime subscribers. He recommending Condor as a takeover target in the next 12 - 18 months at over 3 times the current share price or over £1.50. At over 5% of the in-situ metal valuation. Swen has a large following and his reports are republished in the German media. hxxps:// hxxps:// Note: I have personally experienced the power of Swen's recommendations. I was a shareholder in Petrel Resources, PET, when the share price went from around 33p to +150p. Petrel was a small company in Iraq, where the oilfields are of elephant size, and PET had an interest.
Condor Gold share price data is direct from the London Stock Exchange
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