The reason I think H2 could be lively is due to the PFS being released at end of June which when relying on another company to compile data probably means July. This is when bids for the company could come in although MC may choose to go down the production route. I can't see the other studies you mention having much of an affect on sp. As you say it's a well run company with a great resource. GL
Yes as barnard says, it was to be a quiet period and no one should be surprised by this! Having said that I am surprised that we haven't had any news on the studies, could it be that CNR have decided it is not worth releasing the results of certain studies?
Per the most recent presentation, we still have the Environmental Social Impact Assessment, Mining studies and scheduling, Tailings Pond, Waste Dump and Logistics to complete. Also, the Mine design and financial model to start! I'm not sure what everyone else thinks but this is looking like slow progress at the moment... Q2 started today and officially the PFS is supposed to be out by the end of June still. As such, I'm not sure that barnard's comment re H2 being lively is quite right, I would hope for something to happen before then... However, we haven't seen any excitement building towards PFS so far.
I'm still trying to decide whether to buy in or not, I'm very undecided and part of me wants to but part of me doesn't! I guess that should mean that I probably shouldn't take the plunge...!
Positives - Short term charts are looking towards a little bounce, RSI is very oversold at 20ish, the low 70s are also a support level. A very good, well run company with a good resource. Strong news flow due relatively soon in terms of PFS, this could be a lull before interest picks up. I also see the next tax year picking up AIM in terms of new ISA money coming in after 5 April, also stamp duty is abolished on AIM shares from 28 April, these things could have a positive effect here.
Negatives - Long term charts look dodgy at best, the last 18 months show a fairly strong bearish signals, as I've said before this 70 support level is key, if it fails I think 50s could come pretty quickly. Sentiment, not good and gold is sinking again, it could bounce from the $1,280 level though. I think PFS could be late (see above), don't think this would go down well and as such is a risk. Speaking of risks, we know nothing about the future of the company, sale? Fast-track production? Full scale production? Just head for BFS? I don't like this uncertainty as there's always a chance of an RNS catching you off guard...
What are everyone's thoughts here? Anything I'm missing?
going to be a quiet period for Condor and if there isnt any news the company cant release any, it is disapointing but understandable why we're drifting back towards the 60's...H2 should be a little more lively from what I remember reading.(pfs) GLA
"B2Gold’s first move was to acquire two producing assets in Nicaragua of all places. Now this small Central American country is not somewhere that typically comes to mind when it comes to mining gold. But it is actually a great place to operate both geologically and geopolitically. "
A good read. The physical gold migrating to China will remain there for a long time as it is passed on from generation to generation as a store of value or jewellery and is effectively being taken out of circulation, unlike ETFs.
Condor (AIM:CNR), is pleased to announce that Mr Dave Crawford has been appointed the Chief Operating Officer of Condor Gold with the primary role of providing the technical insight and experience to take the Company’s flagship La India Project, which contains a total attributable mineral resource of 18.4Mt at 3.9g/t for 2.33M oz gold and 2.68M oz silver at 6.2g/t to the CIM Code, to Pre-Feasibility Study and Bankable Feasibility Study.
Mr Crawford has 37 years experience in the mining industry. He most recently completed 5 years at Newmont Mining Company in Denver Colorado as its Study Director, Major Capital Projects; which involved the valuation of properties for possible acquisition, direction of evaluation teams, development of strategies for identification of prospective takeover targets and latterly as Director Value Assurance. Mr. Crawford previously worked for Cameco Resources as a Manager, Project Development and at Pincock, Allen and Holt for 10 years as Principal Mining Engineer, where he consulted on multiple gold mines. This included mine planning, optimization, cost estimation, economic analysis of investment decisions, reserve estimation, the review of projects for bank or corporate due diligence activities. In his earlier career, Mr. Crawford was a mine engineer for Freeport Mining Company.
Mark Child, Chairman and CEO commented: “Dave Crawford has worked full time as a consultant for Condor Gold since 1st December 2013. I am delighted he has joined as Chief Operating Officer, it is a big vote of confidence for the Company. He brings an exceptional depth of relevant gold mining experience from his time operating at a very senior level throughout his career. Dave’s experience strengthens the operating team as Condor transitions from a gold exploration company and aims to produce Pre-Feasibility Studies and Bankable Feasibility Studies on La India Project, which has the potential for being one of Nicaragua’s largest producing gold mines. ”
Mr Crawford’s education: M.B.A. – University of Nevada, Reno. B.Sc. Mining Engineering, New Mexico Institute of Mining &Technology, Socorro, NM. 2004 – Continuing Education - Graduate Mining Systems (Ops Research) Colorado School of Mines. 1999 – Graduate Advanced Surface Mine Design – Colorado School of Mines. 1998 – Mine-Mill Reconciliation and Sampling – Francis Pitard. 1992 – Groundwater Analysis – University Missouri – Rolla (in Denver
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