London South East Logo | UK Share Price information



Register
Login:
Share:
Email Facebook Twitter




Condor Gld Share Chat (CNR)



Share Price: 56.50Bid: 55.00Ask: 58.00Change: 2.50 (+4.63%)Riser - Condor Gld
Spread: 3.00Spread as %: 5.45%Open: 54.00High: 56.50Low: 54.00Yesterday’s Close: 54.00


Share Discussion for Condor Gld


Thread View

Please login or register to post a message on Share Chat.

Posts per page:


Bezzell
Posts: 168
Off Topic
Opinion:No Opinion
Price:40.50
RE: Marena to speed up decisions
30 Nov '17
NoEasy, you are possibly right on the technical side, however Marena does pull a huge punch politically and economically and they will be able to throw their weight around quite heavily with any nit picking local mayor or civil servant who is making a nuisance of themselves by holding things up. Whatever happens, it can't be a bad thing.
 
NoEasy
Posts: 665
Observation
Opinion:No Opinion
Price:40.50
RE: Marena to speed up decisions
30 Nov '17
Thanks for both posts Bezzell.

Regarding the MARENA issue I am not sure from the translation that this new procedure will be of any benefit to Condor. I say that after a quick perusal as it seems to indicate it is about the MARENA technical review period which we know this company passed many moons ago. I have used the translated passage, "In some cases, the deadlines were shortened by more than fifty days with respect to the previous formality." As we know the submissions for technical review had prescribed time periods, the rest of the permitting procedure after that did not, the conclusion being that they are indeed talking about the technical period here.
Bezzell
Posts: 168
Off Topic
Opinion:No Opinion
Price:40.50
RE: Only a matter of time now
30 Nov '17
Halle is correct. The end of protests is not due to some wonderful strategic maneuvers by the company to get the locals on side, if fact I've seen very little evidence of that taking into account the size of the social team now at condor. The protests stopped because Condor backed down from continuing to drill where it wanted to (very close to the village) and decided to move the rigs to Mestiza,
Bezzell
Posts: 168
Off Topic
Opinion:No Opinion
Price:40.50
View Thread (2)
Marena to speed up decisions
30 Nov '17
Could be very good news, that being said, I presume a deal still needs to be done with the local community regardless of this: https://www.laprensa.com.ni/2017/11/30/nacionales/2339459-nueva-normativa-obliga-al-marena-agilizar-tramites Sorry running out the door, don't have time to translate...
cambells
Posts: 3,209
Off Topic
Opinion:Strong Buy
Price:40.50
jim
29 Nov '17
I saw an interesting article (confirmation bias!) that the Philips curve was on its way back £ and that£s exactly what I have been saying, although not quite so eloquently. Gold is going to $1,500 over the next year. I really like Condor Gold (LON:CNR), where I am a director
NoEasy
Posts: 665
Observation
Opinion:No Opinion
Price:41.00
View Thread (3)
RE: Only a matter of time now
29 Nov '17
Not sure I understand that viewpoint Halle. I can see the symbolism of a drilling rig spurring on protestors but the lack of them shouldn't create the opposite effect and stop people protesting. The project is still going ahead with company personnel in and amongst the community so they the protestors will see all the signs of the company moving forward. They still have the project to protest about but are not doing so at this time.
Halle
Posts: 21
Off Topic
Opinion:No Opinion
Price:41.00
RE: Only a matter of time now
28 Nov '17
The protests have stopped because the drilling machinery has been removed.
NoEasy
Posts: 665
Off Topic
Opinion:No Opinion
Price:41.50
RE: Only a matter of time now
28 Nov '17
For a moment I thought you were going to do the twelve days of xmas there tester:-))
tester123
Posts: 1,007
Observation
Opinion:Buy
Price:41.50
RE: Only a matter of time now
28 Nov '17
Good point NE - Since the company has been able to communicate directly with the community, we haven't had any more protest marches and blockades of drilling equipment etc.. the community of La India are obviously getting the idea that this is going to be very lucrative for them.. I think previously they thought that the company were not playing fair with them regarding resettlement offers (as the government had tied the companies hands!).

Yes just a matter of time I agree.. My ideal timeline for CNR would be..

1) List on Toronto TSX
2) Announce a resource upgrade via updated PFS to boost SP (im not sure whether MC will want to finish the extra 10km of drilling first..)
3) Announce successful ESIA permit granted
4) Another Funding round completed with the SP at a decent level (e.g £1.50)
5) Commence BFS
6) Takeover offer (ideally 2 or more companies interested!)

By that point I would expect the SP to be well north of £2...

regards,
T123
NoEasy
Posts: 665
Observation
Opinion:No Opinion
Price:41.50
View Thread (3)
RE: Only a matter of time now
28 Nov '17
It may seem a long time that the issue with the public consultation or lack of it has been ongoing but in reality it is only since mid-August 2017 that the company were told that they could negotiate the resettlement action plan directly with the communities affected. Up until this point the company had to tread carefully with the result that they could not counter in the way they would have liked the discontent/frustration felt locally. The gloves are off now though and I have no doubt that in-depth, meaningful dialogue is being undertaken on a household by household basis. Clearly the company can now directly offer the types of houses, location, land, finance etc and fill in the previously missing information as it applies to each household. I am hoping and expecting the result to be a big reduction in tension between the community and company and to see positive tangible results from the company released to shareholders in the not too distant future. MC has build up the team for this very purpose.




Share Price, Share Chat, Stock Market news at lse.co.uk
FREE Member Services
- Setup a personalised Watchlist and Virtual Portfolio.
- Gain access to LIVE real-time Regulatory News (RNS).
- View more Trades, Directors' Deals, and Broker Ratings.
Share Price, Share Chat, Stock Market news at lse.co.uk






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.