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CNR Share Chat - RSS Feed

Condor Gld Share Chat (CNR)



Share Price: 70.50Bid: 69.00Ask: 72.00Change: 0.00 (0.00%)No Movement on Condor Gld
Spread: 3.00Spread as %: 4.35%Open: 70.50High: 0.00Low: 0.00Yesterday’s Close: 70.50


Share Discussion for Condor Gld (CNR)


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tester123
Posts: 645
Observation
Opinion:Buy
Price:67.50
View Thread (3)
RE: tester123
16 Apr '15
Patryk - I think it will be coming out of raised cash, yes. But I honestly dont think we need to worry about the additional land required for the plant (about 700 hectares). The land is low cost and will be purchased by CNR - and the nic govmt are already helping with that via their lawyers.

I had the same concerns as you (and if I had been there in Zurich, I would have asked that question if only to allay any possible unfounded fears in the audience about this) and I had my concerns answered,

Lets say that the land costs us, oh I dont know - say $1M - So what? Its money included in the capex for the PFS anyway so if we want to build a plant there, we need to spend it anyway - and the future capex for the PFS reduces by $1M, so thats less we need to fund via debt in the future. It also derisks the project for a buyer so its an incredibly astute move by MC if you ask me... Does MC play chess? I think he must.. ;-)

Of course, it might not cost us the whole $1M upfront - we could pay for it with shares, or perhaps do something even more clever..

So in summary - please dont be worried about the land purchases - as I'm not!! Are you watching the SP today - looking good isnt it! Last chance to buy in the 60's.. Hmm I wonder..

regards,
T123
 
Jibbo
Posts: 15,680
Observation
Opinion:Strong Buy
Price:67.50
Patryk
16 Apr '15
that was quick! Haha
Jibbo
Posts: 15,680
Answer
Opinion:Strong Buy
Price:67.50
Patryk
16 Apr '15
watch the video! Mark clearly states that money has been set aside for the land purchases (1 million I think he said) so it is budgeted for and CNR will still have approx 2 million going into next year (assuming nothing unexpected crops up).
Patryk221
Posts: 1,162
Off Topic
Opinion:No Opinion
Price:67.50
RE:tester123
16 Apr '15
Just re watched the presentation, Mark clearly says they have set aside a Million Dollars to aquire the freehold land.
SeriousPunter
Posts: 226
Answer
Opinion:Strong Buy
Price:67.50
View Thread (3)
RE: tester123
16 Apr '15
Baring in mind CNR have to provide the vendor with a suitable piece of land, then could they not just do a swap plus a small amount of cash or equity to preserve cash.
Patryk221
Posts: 1,162
Off Topic
Opinion:No Opinion
Price:67.00
View Thread (3)
tester123
16 Apr '15
Do you think that the cost of land is coming out of the raised cash this year? am surprised no one asked Mark this question?
Patryk221
Posts: 1,162
Off Topic
Opinion:No Opinion
Price:67.00
land
16 Apr '15
I thought as well that La India was 100% owned by CNR am sure I seen few presentations where Mark even mentions it....
dazah
Posts: 362
Off Topic
Opinion:No Opinion
Price:67.00
it definitely feels like
16 Apr '15
Speculation is building regarding drilling samples. So get in now as by the time the news comes will be a sell on news event!

So get in now before its too late!

Regards
Darren
tester123
Posts: 645
Research
Opinion:Buy
Price:66.00
View Thread (2)
nero
16 Apr '15
If you go here and then select the presentation at 10.00am - Its 45 mins long though, just to warn you but this guy really knows his stuff.

Gold in The International System

http://www.europeangoldforum.org/egf15/egf15-webcast/egf15-webcast-stream.html

regards
T123
robbie2401
Posts: 119
Off Topic
Opinion:No Opinion
Price:66.00
66p
16 Apr '15
It's been a while since we've seen that- breaking a resistance price maybe.





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