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Condor Gld Share Chat (CNR)



Share Price: 62.00Bid: 61.00Ask: 63.00Change: 0.00 (0.00%)No Movement on Condor Gld
Spread: 2.00Spread as %: 3.28%Open: 56.00High: 62.50Low: 56.00Yesterday’s Close: 62.00


Share Discussion for Condor Gld (CNR)


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Slippery1
Posts: 624
Off Topic
Opinion:No Opinion
Price:58.00
View Thread (2)
Hold tight boys and girls
20 Feb '15
Those that know, know, those that don't are worried, but don't be.

We're sitting on a GOLD MINE and the players know it.

2 weeks ago there were 2 x 25,000 buys at around 4.15pm before MC's presentation, the share price didn't rise (or the next day), these could easily have been used to sell at a loss as the Gold price fell to drag the price down?

MC is not stupid, he's not going to put the last 9 years of his life (as well as a substantial amount of cash) into this company to sell well under the true value.

My opinion is an offer of £3.50-£4.00 is a price that currently would probably be accepted.

MC gets £14-£16m, all investors get handsome profits. but gold rising could mean £5-£6 is possible.

He's previously told me he wants to create shareholder value to give himself life changing money, the only way he can achieve this would be through a outright sale or a JV with say 100% upfront for what we have and a possible % of any upside from the rest our acerage.

The board believe in this project, I asked Roger why he hasn't averaged down as his average price is well over the current SP, his reply was he only adds shares when MC raises funds as he does this to show support for the company (If you were sitting at a loss would you buy more to show support and decrease your exposure on the open martket? Obviuosly he's comfortable with his current situation)

Also there's been talk of we're not a tagert for the top 10 gold miners due to lack of yearly oz's (as MC said himself) so drilling outside the box to prove more potential resource across our acerage is the ideal way to make them sit up and take note.

On the production front, the Banks won't lend us money to build the plant unless we own the land and have all permits in place so in my opion MC's current stragety to prove more oz's and derisk the current project without burning too much cash meaning we won't need any £'s until this time next year makes absolute sense.

Make your own minds up........
 
Jibbo
Posts: 15,602
Answer
Opinion:Strong Buy
Price:58.00
33
19 Feb '15
I prefer to focus on the obvious huge upside here. As for who is selling small quantities, I have no idea. Perhaps some PI needs a new car or new double-glazed windows? If one of our major shareholders starts to sell (which seems unlikely at a time when the company is in the shop window) I might sit up and take notice.
r33skyline
Posts: 700
Off Topic
Opinion:No Opinion
Price:58.00
Jibbo
19 Feb '15
I have not sold any more , but your arrogance obviously shows you have a limited view of a huge down side here

Just as well someone keeps the ramp brigade in check .. if I`m not selling maybe you could tell who is being the so called maestro here ?
Jibbo
Posts: 15,602
Answer
Opinion:Strong Buy
Price:58.00
View Thread (2)
RE: ticking dwn
19 Feb '15
Probably just r33 trying to fulfil her forecast by selling shares, lol. Nothing worthwhile can be read into the volumes we have at the moment (other than that there is little interest either way). Hopefully that will change soon.
cambells
Posts: 2,341
Off Topic
Opinion:Strong Buy
Price:58.00
View Thread (2)
ticking dwn
19 Feb '15
mr 5k at it again you can bet he be back in morning with another his coiling this spring tight is he doing this for the herd to arrive??????
FOREMAN
Posts: 1,541
Off Topic
Opinion:Strong Buy
Price:58.00
Afternoon all
19 Feb '15
Good article, looks like size doesn't matter, lol, quality is the key + low all in cost, big boys on the hunt.
Summary

Major mining companies are now buying small exploration/development companies with high-grade assets, rather than large, low-grade deposits. This is a major paradigm shift.
Probe Mines is a good example. It recently sold for $526 million.
Exeter Resource is another good example of the type of company that meets the new buyout criteria for gold-hungry major mining companies.
As gold prices continue to rebound, a flurry of recent mergers and acquisitions (M&A) have breathed new life into a deflated global mining industry.

One of the recent headline-grabbing deals saw the Vancouver-based mining giant Goldcorp Inc. (NYSE: GG) kick off the new year with a bang by scooping up a Canadian gold development junior, Probe Mines, for the princely sum of $526 million in an all-stock arrangement.

What is particularly interesting about this acquisition is that it reflects a new reality: When buying gold deposits, multinational mining companies are now choosing the quality of the asset over the size of the metal inventory in the ground.
Seingred
Posts: 1,539
Off Topic
Opinion:No Opinion
Price:58.00
View Thread (2)
V1
19 Feb '15
Montieths thats the one.I liked the west coast.okarito lagoon is a real nice place.I camped in a lay by between westport and murchison and met this guy who was living in the lay bye in a caravan and had this backpack equipment and spent all day panning in the river.reckoned he did ok at it.so if you want some hands on.i did kiwi fruit picking not far from you .stayed in a nice park with thermal swimming pools and lovely estuary views.didnt like the sandflies but loved the fishing..need a nice result in a couple of years and will head back..gl
V1d-
Posts: 851
Off Topic
Opinion:No Opinion
Price:58.00
View Thread (2)
RE: V1
19 Feb '15
O/T - SP in the doldrums for the time being and I haven't yet done any number crunching on the Timmins merger. So....Seingred:

I'm in Papamoa, which is a suburb of Tauranga, North Island, Western Bay of Plenty.

http://en.wikipedia.org/wiki/Papamoa

There's plenty of boutique bottle conditioned ales here now - something for every taste I would guess. The brewer in Greymouth is Monteith's. Greymouth is on the western side of the South Island. It always seems to be grey there, and they get about 100 inches of rain a year. And billions of sand flies, like Scottish midges, which seem to be able to suck a human dry in about a minute! The scenery gets spectacularly better as you travel south from there, though.

Back to gold....

If you don't believe that the whole gold market is rigged - or even if you do - a worthwhile read is "The Gold Cartel" "Government Intervention in Gold, the Mega-Bubble in Paper and What This Means for Your Future" by Dimitri Speck. A lot of convincing analysis.
Seingred
Posts: 1,539
Off Topic
Opinion:No Opinion
Price:58.00
View Thread (2)
V1
19 Feb '15
Its too hot,need another beer.you really know how to rub it in eh.lolgood post .agree that any disclosure or leak of an approach will stick a rocket up this.obviously no telling when that will be.ot where are you in nz .been there a few timesand its a great place.my eldest was concieved there.will have to return once kids are old enough to fend for themselves which is only a few years now.only beer I liked came from greymouth cant remember the name.
Jibbo
Posts: 15,602
Observation
Opinion:Strong Buy
Price:58.00
Gold
19 Feb '15
Nice to see gold bounce off the $1200 level. Up $20 today.





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