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VIDEO EXCLUSIVE: TSX-listed Transglobe Energy Corporation considers London listing Watch here

VIDEO EXCLUSIVE: TSX-listed Transglobe Energy Corporation considers London listing


Condor Gld Share Chat (CNR)



Share Price: 45.50Bid: 44.00Ask: 47.00Change: 0.00 (0.00%)No Movement on Condor Gld
Spread: 3.00Spread as %: 6.82%Open: 44.50High: 45.50Low: 44.00Yesterday’s Close: 45.50


Share Discussion for Condor Gld


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ElgorTrader
Posts: 415
Off Topic
Opinion:No Opinion
Price:50.50
RE: What else can one expect
13 Jul '17
Correct strider. Although I don't post on most of the forums I hold shares for.
 
ElgorTrader
Posts: 415
Off Topic
Opinion:No Opinion
Price:50.50
RE: What else can one expect
13 Jul '17
Elgordo, I have moved my cnr funds into HUM.L it is on schedule for it's first gold pour by December this year and will be producing over 120k ounces a year. Low aiscc and over 4M ounces of gold. Market cap is low for a soon to be producer. Worth a look.
Strider4
Posts: 1,958
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:50.50
RE: What else can one expect
13 Jul '17
Elgordo83 - I'm going to have a stab in the dark and say Elgor's "other options" is actually only one option and it is Hummingbird Resources!

Check his posting history.
Wondergoals
Posts: 2,211
Off Topic
Opinion:No Opinion
Price:50.50
RE: What else can one expect
13 Jul '17
Aquila - no I didn't say there is no good news. There undoubtedly is, which makes things more frustrating. Its the company's seeming inability to translate that into interest (though accepting to some extent what nero says about wider sentiment). And that links to Slim's observation that the company seems to have lost the skill (or is not interested in putting any effort whatsoever) in keeping existing holders interested ('on the boil')
elgordo83
Posts: 744
Off Topic
Opinion:No Opinion
Price:50.50
RE: What else can one expect
13 Jul '17
Elgor your "other options" might be appreciated - all without prejudice of course. Good luck
nero120
Posts: 508
Off Topic
Opinion:No Opinion
Price:50.50
RE: What else can one expect
13 Jul '17
Aguila you are absolutely right about those results, they were stunning but the lack of response in the share price sadly reiterates the point about gold juniors being unloved by the market currently. You are also right, I believe, when you stated that the delay in the permits will work out in the shareholder's interest due to the resource being significantly enlarged.

However I do agree with wondergoals that one can't ignore the lackluster share price in spite of all the fundamental value here, just that I think he's wrong to attribute that to MC's lack of marketing or whatever.
Slimshady69
Posts: 101
Off Topic
Opinion:No Opinion
Price:50.50
Re aguila
13 Jul '17
News and figures speak for me and news is slow coming and figures are poor
Aguila
Posts: 45
Off Topic
Opinion:No Opinion
Price:50.50
RE: What else can one expect
13 Jul '17
Slim and Wondergoals, you say there is no good news, but have you read the latest press release detailing the drill results on Mestiza? Some of the best ever drill results on La India Project. 3.3m at 28g/t gold and 2.5m at 23g/t gold and defining a high grade ore shoot of circa 200,000 oz at 10g/t is extremely positive news. The market and this BB has ignored the good news. It hasn't woken up to the fact that value creation is is not just about permits. If the Russian resource of 780,000 oz at 10g/t gold converts to 43-101 resource and added to a mine plan it could be massive. Look at the longsection and cross section in the press release. The resource is from surface to 200m to 250m deep, therefore easily accessible and easily added to a mine plan. What happens if 150,000 oz gold at 10g/t gold of the 780,000 oz is within 60m of surface? is could be open pit? Using the AISC US$700 and gold price US$1,200, free cash flow after paying sustains capital is US$500 x 150,000 oz within 60m of surface = US$75m free cash flow. Could Mestiza add 40,000 oz gold p.a to the current mine plans?
Slimshady69
Posts: 101
Off Topic
Opinion:No Opinion
Price:50.50
Re-aguila
13 Jul '17
We been for sale without permits???
The share price has not rose on the fundamentals ???
Aguila
Posts: 45
Off Topic
Opinion:No Opinion
Price:50.50
RE: anyone had a look
13 Jul '17
The fundamentals should drive the share price. It is not all about permits, which are taking their time and discounted in the share price. I disagree that no one will buy the shares until permits are issued. Adding high grade resource ounces while the company is waiting for permits is the right strategy, adding a new zone at Mestiza into a mine plan should re-rate the company. The company has 2 drill rigs turning. The last drill results of 3.3m at 28g/t gold and 3m at 24g/t gold define a high grade ore shoot for 200m depth ...it is open and a strike length of 300m that will be super economic. Looks like Condor has proved the Russian resource of 780,000 oz gold at 10g/t gold was accurate. A shareholder buying today see 1) an excellent world class asset, highly economic with IRRs 30%, ASIC US$700oz gold, adding ounces, cheap ounces of gold by expanding the resource, creating shareholder value, a company massively undervalued in a pro-mining country 2) a company that has passed the technical studies by MARENA but is working with the Government on resettlement...permits will come. Ironically, the delay in permits could work in the favour of all shareholder as an additional 1m oz gold is added and more gold gets into a mine plan, making it a bigger and more attractive asset.

Most gold explorers don't bother with permits, they leave that difficulty to the gold producer who acquires the asset. See Mariana Resources sold recently for STG160M or US$200 per resource oz gold in the ground...it doesn't have permits. .




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