Register
Login:
Share:
Email Facebook Twitter

Please take part in our survey It takes 2 minutes and you could win an Apple iPad Air 2 (Terms and conditions apply). Dismiss Message
CNR Share Chat - RSS Feed

Condor Gld Share Chat (CNR)



Share Price: 65.50Bid: 65.00Ask: 66.00Change: 0.00 (0.00%)No Movement on Condor Gld
Spread: 1.00Spread as %: 1.54%Open: 65.50High: 65.50Low: 65.50Yesterday’s Close: 65.50


Share Discussion for Condor Gld (CNR)


Thread ViewThread View
Please Login or Register to post messages
Posts per page:


Premium Membership
SeriousPunter
Posts: 190
Observation
Opinion:Strong Buy
Price:92.00
View Thread (2)
RE: Holdings
29 Oct '14
Correction 9495
 
SeriousPunter
Posts: 190
Observation
Opinion:Strong Buy
Price:92.00
View Thread (2)
Holdings
29 Oct '14
I now have 9295
SeriousPunter
Posts: 190
Observation
Opinion:Strong Buy
Price:92.00
Another
29 Oct '14
sell, of 11,000 @ 91.68 has just been absorbed. It will be interesting to see the amount bought when the order is filled and posted.

I appreciate your balanced post Nero, ta muchly.
ann6
Posts: 6,692
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:92.00
View Thread (6)
RE: PFS vs BFS
29 Oct '14
What a sensible post - recommended
nero120
Posts: 252
Off Topic
Opinion:No Opinion
Price:92.00
View Thread (6)
RE: PFS vs BFS
29 Oct '14
Yup Frenchie, sorry I was jesting as it says in their presentation "There's no such things as a BFS", but actually they call it a "Feasibility Study" and say that it's for the bank to determine whether that study has enough detail in it to be "bankable".

Hopefuly once the PFS is released, we'll also get a strategy update from the board as to whether they will use the funds to do more drilling and prove up more resources, or whether they plan to go straight to BFS to begin mine construction. The board has to appear that they are willing to take the project to production rather than sell cheap, and to be honest, I think MC would rather go to production than force a quick cheap sale and not get his due reward for years of hard work.

The gold market is at the bottom right now, expecting a sale right now is unlikely unless a really good offer comes in, but an offer from a medium/major producer to be anything more than bottom dollar is, I think, slightly naive. We have not seen and real M&A action recently, and certainly not at anything other than firesale prices.

Going to production will take longer, but not that long, and with any luck the gold market will have improved in the intermediate time. Remember, an offer can come in at any time, and if a prospective buyer waits until we are producing and selling gold they will have to pay a shed load more if they want the resource. This is a win, win situation for Condor, we just have to be a little more patient.

Things do seem bleak in the gold/miners market right now, but we are at the bottom of a bear market, and this is what that feels like! They do not last forever though (even sometimes it seems like it will), and when it turns, if history is anything to go by, it will turn HARD. I implore everyone to leave your investment here alone and trust in MC to have our best interests at heart. He has always shown this to be the case, and has not let us down in his decision making or strategy. There is no safer place for your money right now. Stay the course people, we are so close now!
kiedo
Posts: 97
Observation
Opinion:Hold
Price:92.00
HL dummy trade
29 Oct '14
94 / 92.1 tick up due
kiedo
Posts: 97
Observation
Opinion:Hold
Price:92.00
IFC
28 Oct '14
Now we have a third party financial institution in play, I imagine CNR will do whatever feasibilty studies IFC require! I remember reading on the placing RNS the cash raised would be used to assist funding the BFS. Notwithstanding the detailed DD the IFC have done already, this is not their only investment, so i imagine they will want to see milestone reports being achieved and a continual justification of their financial support to full production.
frenchie38
Posts: 754
Answer
Opinion:Strong Buy
Price:92.00
View Thread (6)
RE: PFS vs BFS
28 Oct '14
Nero / Awax. Preliminary Feasibility Study is exactly that, it is the preliminary report to determine whether it is worth continuing to invest time and money in a project if a profit cannot be made. The BFS, also known as the Final Feasibility Study (or in SRKs case just the Feasibility Study) will be more stringent, detailed and consequently more expensive to produce. You wouldn't progress directly to BFS as there would be no point in spending good money on a project that had no chance of coming to fruition. I am guessing the independent engineer would be another SRK engineer who had not been involved in producing the PFS.
MadScot2
Posts: 128
Observation
Opinion:No Opinion
Price:92.00
View Thread (2)
RE: all-in-costs
28 Oct '14
Agree 100% but until we know what is in and what is out it is impossible to do a P/E calculation.
r33skyline
Posts: 671
Off Topic
Opinion:No Opinion
Price:92.00
30% Wrong
28 Oct '14
Some how I cant see the 30% figure being right , IFC have just done the Due Diligence and they must be pretty sure of the Gold in the ground . To take this to a BFS would be to establish a mine on site . I don't believe that Condor the explorer with MC and its core of geologists have any intention of going mining . That's not what they do .





Sign up for Live Prices


Home  |  Contact Us  |  About Us  |  Careers  |  Advertise with Us  |  Sitemap  |  Terms & Conditions  |  Cookies  |  Privacy


Datafeed and UK data supplied by NBTrader and Digital Look. While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.