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CNR Condor Gold Plc

28.00
-1.00 (-3.45%)
11 Dec 2024 - Closed
Delayed by 15 minutes
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
  -1.00 -3.45% 28.00 696,050 16:35:00
Bid Price Offer Price High Price Low Price Open Price
28.50 29.00 29.00 28.75 29.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Gold Ores -1.69M -0.0083 -34.64 59M
Last Trade Time Trade Type Trade Size Trade Price Currency
16:35:00 O 107,594 28.75 GBX

Condor Gold (CNR) Latest News (6)

Condor Gold (CNR) Discussions and Chat

Condor Gold Forums and Chat

Date Time Title Posts
11/12/202408:03Condor Gold plc13,427
13/4/202314:22Mc pony talk1
15/11/202109:05Cnr2
16/9/202014:26Precious Metals Summit Conference -
26/7/202023:20Condor Resources - Flight of the Condor in 2011?15,172

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Condor Gold (CNR) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2024-12-11 18:17:5028.75107,59430,933.28O
2024-12-11 18:17:4828.75117,95533,912.06O
2024-12-11 17:21:2229.0050,00014,500.00O
2024-12-11 17:15:0029.25155,00045,337.50O
2024-12-11 16:35:0028.00100,00028,000.00UT

Condor Gold (CNR) Top Chat Posts

Top Posts
Posted at 11/12/2024 08:20 by Condor Gold Daily Update
Condor Gold Plc is listed in the Gold Ores sector of the London Stock Exchange with ticker CNR. The last closing price for Condor Gold was 29p.
Condor Gold currently has 203,442,778 shares in issue. The market capitalisation of Condor Gold is £58,489,799.
Condor Gold has a price to earnings ratio (PE ratio) of -34.64.
This morning CNR shares opened at 29p
Posted at 01/12/2024 22:26 by 888icb
Calibre is the obvious Acquirer of CNR
I have mentioned this on previous occasions, Calibre is the obvious Acquirer of CNR. It is the mine next door and Calibre has made the company from its profits in Nicaragua. Calibre can start making money straight away by trucking to its hub and spoke mill. Calibre have a full management team nearby so their overhead costs would be lower than any other bidder. Calibre have been playing games for years refusing to agree to toll milling presumably hoping to get CNR very cheaply. My guess would be MTL are being used to flush out a decent bid for CNR from Calibre. It would be very bad business for Calibre to let anyone else acquire the literal gold mine next door that is Condor imho.
Posted at 01/12/2024 21:38 by oldiegoldie
Connect, did you read the CNR statement?

It says press reported possible offers for the whole company (share deal)
And it said the asset only is for sale (asset deal)

Therefore exactly nothing will happen, except the share price jumping up on Monday fuelled by morons, giving Jim and his team the possibility to dump shares.
But I guess you do not get that, right?
Posted at 01/12/2024 16:12 by 888icb
Sky news valuation
“Exclusive: Metals Exploration, a London-listed mining group backed by the financier Nick Candy, is close to agreeing a cash-and-shares deal to acquire Nicaraguan-focused gold miner Condor Gold which will value the combined group at over £150m. Full story here soon.”

When they say it will value the combined group at over £150 million it would appear they have got to that number by simply adding together the current market caps of MTL and CNR which are nearly £100 million and nearly £50 million respectively.

The report also states:

“ Mining industry sources said a deal could be announced as soon as this week at a substantial premium to Condor Gold's current valuation.” If CNR are going to achieve a substantial premium the value of the combined group would need to be a long way north of £150 million.

If CNR were to go for 50p which is double the current share price (which is nowhere near what the actual value of CNR’s shares) then that group value would need to be £200 million.

Tomorrow should be very interesting and hopefully the start of a bidding war if MTL’s offer isn’t high enough.
Posted at 22/11/2024 11:01 by arlington chetwynd talbott
"It's because the end game is in sight and there is only one way this share price is going. It wouldn't be much of a pump on the volumes we have seen. It's going up because there are very few sells and a much higher number of buyers."Is the end game in sight though? Or have a few buyers just convinced themselves that it is, with other buyers jumping on the bandwagon? We have been here before. And if this is the end game, what is to say that the outcome will not be a kick in the teeth for shareholders? There is never only one way a share price is going.
Posted at 21/11/2024 14:45 by 888icb
The Chairman in the Interim Report RNS stated:
“ By way of an update on the sales process as at 26th September 2024 there are currently eight companies under Non-Disclosure Agreements (NDAs), five non-binding offers received and three site visits completed. Although none of the non-binding offers have progressed to firm proposals to date, the Company is in discussions with several gold producers. The Board is optimistic that a sale will be concluded in the near future.

Wholly owned, fully permitted, construction ready gold mines, with a Feasibility Study completed, with potential production of 150,000 oz gold per annum, in major Gold Districts, with the land acquired and a new SAG Mill package purchased are rare and in demand by gold producers replenishing depleting reserves. We are very aware of the value of our assets and will not allow them to go at anything other than a fair price”
Since CNR’s close at a low of 18.7p last Thursday it has risen every day such that the rise on the week is 18.8%. At times yesterday it was not possible to get a live quote to buy and with buys exceeding sells more than 3/1 a lack of stock may be holding it back from an even stronger rise on higher volumes. It’s 2 months since we last closed at 22.75 but worth remembering we still have a way to go to get to the 35p we saw on May 7th. We appear to be approaching the end game and we are certainly in a better place than we were in May due to the rise in the gold space and the fact that Junior miners share prices are starting to pick up having been in the doldrums for the entire 2 years of the sale price. M&A in the gold space is also picking up.
Posted at 17/11/2024 21:21 by 888icb
I have been invested in CNR since the start of Nicaragua. I have added at various times since and have never sold a share. Fortunately I have always been in profit and don’t have the frustration of investors who bought in at much higher prices than the current share price The only reason that I only post rarely at the moment is that there is nothing to say. We just have to wait for the announcement of a sale which could come at anytime as M&A market for Junior Miners is hotting up after being essentially dormant for the 2 years in which Condor has been trying to sell. I expect the sale price to be multiples of the current share price and it will end up as a share sale rather than an asset sale, but that’s just my opinion.
I do have a number of other AIM investments which I comment on, but I am an investor not a trader so comments about my next trick are well out of order.
I had hoped CNR would have been sold a year ago as I wanted to redeploy the proceeds in other gold miners or if as I expected it was sold to Calibre I would be happy to hold Calibre shares. I have therefore had to deploy other funds to Gold shares and gold funds which have done well this year led by the largest gold miners and the large Royalty companies. I am bullish on gold and silver and have used the recent pullback following Trumps victory to add shares.
I do like POW and its spin off GMET which are new positions for me this year, but I don’t comment on them on the CNR bb, so if anyone is interested go to the POW and GMET bb on ADVFN or LSE.
Posted at 14/11/2024 16:20 by 888icb
Interesting how CNR did not follow gold up on its recent large rise but has decided to follow it down on the recent pullback. It makes no sense but as the share price is so massively disconnected to the real value and the price at which it will be sold it is of little consequence.
Posted at 19/9/2024 10:47 by gb904150
CNR have already engaged Hannam partners for the sale.

The sale process has been ongoing for several months now.

So why the need to engage CRUX? I don't see who they are 'selling' it to via this video?

A CRUX video suggests trying to sell something to PI's?

I get the 'huge value' of low capex $105m, high grades 4g/t, great EBITDA even at the low calc'd gold prices, NPV vs Mcap story to sell.

But what is the intention of this video? Is the money running low and they need to raise again? What do we expect they now have left?

How much is the cash burn now, didn't they slow that right down?

In the data room:
8 under CA
15 meetings with gold producers in London.

More likely buyers:
Non USA
Canada, ME, China, Stans, LATAM, private money.

I guess the alternative interpretation is that the CRUX interview is to boost the share price Nobody jumps in and buys when the share price is going down. Psychology says you just watch it fall. Whereas if there was a surge in buying activity perhaps it gees a buyer up?

Any other guesses?
Posted at 20/8/2024 15:49 by oldiegoldie
Yes they have.
POG and CNR share price are unrelated
Posted at 14/6/2024 12:07 by book5
I do not agree with: "junior explorers with no actual mine building experience are to be studiously avoided in future"
it depends on the jurisdiction
CNR share price would be doing very well if CNR assets were in a remote area of Australia or Morocco.
The main issues are the Nicaraguan government's actions and the miners' rights; MC overlooked both and has not reported on them in detail.
Condor Gold share price data is direct from the London Stock Exchange

Condor Gold Frequently Asked Questions (FAQ)

What is the current Condor Gold share price?
The current share price of Condor Gold is 28p.
How many Condor Gold shares are in issue?
Condor Gold has 203,442,778 shares in issue.
What is the market cap of Condor Gold?
The market capitalisation of Condor Gold is GBP 59.00 M.
What is the 1 year trading range for Condor Gold share price?
Condor Gold has traded in the range of 15.00p to 36.50p during the past year.
What is the PE ratio of Condor Gold?
The price to earnings ratio of Condor Gold is -34.64.
What is the reporting currency for Condor Gold?
Condor Gold reports financial results in GBP.
What is the latest annual profit for Condor Gold?
The latest annual profit of Condor Gold is GBP -1.69M.
What is the registered address of Condor Gold?
The registered address for Condor Gold is 7/8 INNOVATION PLACE, DOUGLAS DRIVE, GODALMING, SURREY, GU7 1JX.
What is the Condor Gold website address?
The website address for Condor Gold is www.condorgold.com.
Which industry sector does Condor Gold operate in?
Condor Gold operates in the GOLD ORES sector.

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