An earlier post mentioned that what happened with BAO would also likely happen with Condor. i.e sharp rise to PFS and then substantial drop post. And that particular poster planned to take advantage of it. However, I wanted to point out one major difference between BAO and CNR, which is that the capital costs for the former are huge ($800 million plus if I remember correctly) and those for Condor are very reasonable (~$120 million).
If the incredibly short sighted profit taking continues and folks want to be out over the weekend and drum up a bit of holiday spending or beer money for Friday night, then I'm hoping we might see low 90's or even better high 80's again tomorrow or maybe monday am..
That would be a nice gift! :-)
PS Just let me know before you buy would you, so I can get in first?! ho ho, just kidding ;-)
Keep selling as many as you want to part with for a quick 10% profit, there's a good day trader.. Jolly well done all of you on making a whopping £X00 since yesterday.. good show chaps.. :-)
There is lots of money sitting on the sidelines just itching to buy back in sub £1.. Very kind of you to give all those nice people a chance to catch the Condor Gold train again! :-)
For all the outsiders looking in here - you need to remember, some people have been building stakes in this share for the past 5 years so that they can retire very comfortably at a young(ish) age... They are not interested in a piddling rise from 86p to 116p.. even though it makes them thousands of pounds of paper profit when it does so - they are in this for the end game, whether that's in 3 months or 2 years from now, it doesn't matter that much really.
From 100p we are looking at a 4-5 bona fide genuine multibagger here. We are not talking about some 5 billion shares, £5M MC piece of crap with David Copperfield as the Director of Illusions.. CNR is the real deal. Real reserves in a good low cost location, real management with incredible mining experience, low number of shares in issue, good funding prospects, no debt, undervalued, Gold fund backed, operating in a decent pro mining country which needs mining royalties income (along with employment for its citizens) to survive and grow as a country.. - need I go on?!
There are so many reasons to hold these shares.. You can probably tell that I am being a bit tongue in cheek when I am encouraging you to sell them! ;-) But by all means do so if you want, its your choice. I will buy even more here soon with the greatest of pleasure....
Don't want to be seen as a nit picker but in the interests of complete transparency for your post... I believe that at 106p Condors gold in the ground per oz figure is $29.50, not $22. When the market cap was 80p, this figure was $22.
But I completely admit that I am splitting hairs here and I certainly don't want to come across as being pedantic - because with recent M+A at $125oz, its quite easy for us all to do the maths! Despite the recent (very small) rise in the SP, I think we both are in agreement that we are still 4-5x undervalued here. A £4 target is not at all unreasonable (I would use the word conservative actually) given what CNR have and are now very soon to publish. (Numis - you are going to look very silly unless you raise your target SP figures quite soon!)
Tell you one other thing I would like CNR to announce that they are applying for - A mining permit. I believe that this can be done soon after the PFS with all the Env Studies completed etc. And when that gets announced to the market as being awarded (with the Nic Gov being so pro mining and having already declared La India to be Nics next big gold mine after B2Golds El Limon and Bonanza then awarding this permit is really a formality!), then all the boxes will have been well and truly ticked for La India to become a world class, low cost producing gold district... And CNR own all 288km2 of it! How can the SP still be so low?!! :-)
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