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Condor Gld Share Chat (CNR)



Share Price: 90.50Bid: 89.00Ask: 92.00Change: 0.00 (0.00%)No Movement on Condor Gld
Spread: 3.00Spread as %: 3.37%Open: 89.50High: 90.50Low: 89.50Yesterday’s Close: 90.50


Share Discussion for Condor Gld (CNR)


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Awax
Posts: 940
Off Topic
Opinion:Buy
Price:86.00
View Thread (2)
Offer price
12 Jun '14
Hi plone. Yes a lot has happened since MC's guesstimate, except the pog all has been positive imo. I have a few just like CNR which I am hoping will reward my patience this year. atb
 
plone
Posts: 877
Observation
Opinion:Strong Buy
Price:87.50
View Thread (2)
RE: Offer price
12 Jun '14
Hi Awax - may very well be wrong, but I think MC was referring to 5 times the share price as opposed to £5, which at the time was circa £1.60. The pog was somewhat higher then though. That said, I agree entirely with your sentiment and would gladly settle for a fiver, and feel it may be justified too. Everything crossed for a rise in the pog around the end of Aug early Sep, which is quite possible. We would surely be off to the races than.
More good news today and MC has opened the door for more info on this 'strategy' in his forthcoming presentation.
gla.
tester123
Posts: 487
Off Topic
Opinion:No Opinion
Price:88.00
norville
12 Jun '14
Yes thats a good point you have made from the RNS this am. It struck me too when I was reading it.

In the recent financial statement MC did say that they were considering the extra 8-10,000m drilling along with the BFS to bring that 300k to indicated, and as such they will need funding for it. So perhaps the funding is sorted already.. And why not? Lets not kid ourselves, there is ALWAYS money available for viable projects (despite all the doom and gloom around funding generally) and with the low costs per oz here along with whats already been proven, its at a low risk - esp when the PFS confirms no environmental issues etc etc.

The extra drilling may delay the production of the BFS though, although I assume they can do quite a lot in parallel and then add in the extra ounces to the calculations towards the end.

So the question is, timeframes for the sale of this district.. 3 months post PFS to allow for DD? Or will it be post BFS to give a fair value for the extra 300k indicated? I suspect it may depend on the quality of the offer in terms of $ per oz. MC is not going to sell this on the cheap after all this time/effort. Absolute minimum $100 an oz, but I'm hoping for closer to $140/150. When you do the maths on that, it makes for a VERY attractive sale price. We are looking at a 5 bagger from this SP, minimum.

Hang on, what am I saying! Its not the 1st July yet. Please ignore all that positive drivel I've been spouting. Stop buying these cheapy cheapy shares please. Sell Sell Sell!! ;-)

regards
T123
Jibbo
Posts: 15,233
Observation
Opinion:Strong Buy
Price:88.00
Nice
12 Jun '14
to see a positive response to an RNS for a change. Interesting to see trench results of 60m+ at around 1g/t in amongst some smaller high grade results. Such a big intercept suggests strong potential for an open pit.

Within three months we should have the PFS out and a switch of our Indicated resource to reserves. Recent takeovers (post PFS) suggest reserves will be valued at well over $100/oz and when you consider that CNR's resource is currently valued at just $20/oz the upside over the next few months is potentially excellent. DYOR
Slippery1
Posts: 598
Off Topic
Opinion:No Opinion
Price:87.50
Where's our resident....
12 Jun '14
Doom Merchant Patryk gone?
Condorpilot
Posts: 73
Off Topic
Opinion:No Opinion
Price:85.50
sp
12 Jun '14
86/89
still very cheap
norville
Posts: 238
Observation
Opinion:No Opinion
Price:83.50
View Thread (3)
RE: All good then
12 Jun '14
Excellent RNS.

This is great:

Sufficient improvement in the geological understanding, due to detailed core re-logging and positive trench results will upgrade some of these mineralised structures to the more confident indicated category which will allow them to be included in the PFS.
 
This is interesting:

There are additional open pit resources of 300,000 oz at 3g/t excluded from the PFS as the resources are largely in the inferred category, which we intend to bring into the indicated category ahead of a Bankable Feasibility Study

I think they do need to unlock this value but interesting they've committed to it now. I wonder if funding is sorted and what form it will take.

The potential of the wider district is looking better and better as well.
Awax
Posts: 940
Off Topic
Opinion:Buy
Price:83.00
View Thread (2)
Offer price
12 Jun '14
Not sure where this will go, but always have in mind the figure put on it of £5 by MC. He has rarely got things wrong?
nosebleed
Posts: 231
Off Topic
Opinion:No Opinion
Price:83.00
Rise yesterday - Good news today??
12 Jun '14
Seems legit!!
johngilchrist
Posts: 3,667
Off Topic
Opinion:No Opinion
Price:83.50
MC - we're in good hands
12 Jun '14
the only question now ... is the offer price!!

A Lumis Broker Note would be timely now after their rave site review



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