Register
Login:
Share:
Email Facebook Twitter

CNR Share Chat - RSS Feed

Condor Gld Share Chat (CNR)



Share Price: 86.00Bid: 84.00Ask: 88.00Change: 0.00 (0.00%)No Movement on Condor Gld
Spread: 4.00Spread as %: 4.76%Open: 86.00High: 86.00Low: 86.00Yesterday’s Close: 86.00


Share Discussion for Condor Gld (CNR)


Thread ViewThread View
Please Login or Register to post messages
Posts per page:


V1d-
Posts: 841
Answer
Opinion:No Opinion
Price:93.50
View Thread (5)
RE: Precious Metals Summit
12 Sep '14
Happytom - the SP was running upon the back of anticipated good news flow, in anticipation of a favourable PFS to be released at the end of September and also, no doubt, some anticipation of a pre or immediately post PFS takeover bid. We have known for some while that potential suitors have been requesting information - access to MC's "data room" - and poking about on-site.

Nothing has changed, IMHO, except that we now are funded through to the completion of a BFS - if that should be necessary - and actually have a bank (IFC) coming on board doing its Due Diligence.
 
V1d-
Posts: 841
Observation
Opinion:No Opinion
Price:93.50
View Thread (3)
RE: Total capex cost
12 Sep '14
jg - it looks to me that MC is working on a 10 year LOM (at least) - the main pit producing at 80k oz pa from a Reserve likely to be in the order of 800k oz or so, and the feeder pits coming up with 20k oz pa from additional resources following drilling of 300k Indicated converting to a minimun of 200k oz Reserves.

The actuality in production is, I guess, likely to be more than that because of the strictness of the NI 43-101 in the conversion of resources to reserves such that the mine will produce gold from the Indicated and inferred ounces which could not be included in any pre-production feasibility studies.

Not that I think that Condor will be the producer - I still reckon that there will be an acceptable take-out bid before we get that far.
johngilchrist
Posts: 3,762
Off Topic
Opinion:No Opinion
Price:93.50
View Thread (3)
RE: Total capex cost
12 Sep '14
So $50-70m odd annual profit and a CAPEX of $120m.

Should make for a strong NPV. Anyone worked out the Life of Mine for the open pit phase?
Happytom
Posts: 690
Off Topic
Opinion:No Opinion
Price:93.50
View Thread (5)
RE: Precious Metals Summit
12 Sep '14
Is it not more likely that the manipulation was up to get the premium down in percentage terms? It's not long since we were heading down consistently and reached what, 65p? What made this recover to 118 other than news that we were trying to raise funding?
Not trying to be negative, just trying to figure out what is happening behind the scenes here before I throw any more in.
tester123
Posts: 504
Observation
Opinion:Strong Buy
Price:93.50
View Thread (3)
Total capex cost
12 Sep '14
From the presentation last night - Looks like MC is expecting a $120M capex cost to build the mine or approx £75M - For a 110kozpa gold mine with low cash costs? When the PFS comes out in 2-3 weeks time this is going to explode....

Interesting comment at the end of the webcast - CNR are receiving estimates for contract mining at the site already..

The next 6 months here are going to be phenomenal I reckon as all the plans of the past 5 years finally come together... MC has played a blinder - SRK, Lycopodium - top quality outfits that the market respect and have confidence in their work when it comes to a sale price negotiation.

Whats not to like? High grade, Low capex, low all in costs per oz, Good infrastructure, Friendly government/locals, excellent management with impeccable credentials, low number of shares in issue, £7M quid in the bank...

Can someone please point out any potential downsides to CNR right now? I'm struggling to find any and its worrying me! ;-)

regards
T123
Condorpilot
Posts: 79
Off Topic
Opinion:No Opinion
Price:93.50
some people
12 Sep '14
don´t see a rosy future here
otherwise they didn´t sell ?
tester123
Posts: 504
Observation
Opinion:Strong Buy
Price:93.50
Data room
12 Sep '14
To enable IFC to perform due diligence perhaps? Of course, it might come in handy for a few others after the PFS too ;-)

Regards,
T123
Mine4heartofgold
Posts: 8
Observation
Opinion:No Opinion
Price:93.50
Canadian Presention - correction
12 Sep '14
Oops - should have written "moving from resource to reserve". Apologies - too early in the morning
Mine4heartofgold
Posts: 8
Observation
Opinion:No Opinion
Price:93.50
Canadian Presentation
12 Sep '14
Thank you for the link. As always an assured presentation of what must now appear to stand out as a significant investment opportunity compared to the many other exploration companies presenting. Now the €10m funding has been announced great to see the no nonsense focus on now moving from reserve to resource and developing the mine and no hint of a weakening to push for an early sale giveaway of the company. Interested to hear the words "data room" mentioned though three minutes in. I am a long term holder and comfortable to remain so despite the market shananagans of the last few days.
Strider4
Posts: 38
Observation
Opinion:Buy
Price:93.50
View Thread (5)
RE: Precious Metals Summit
11 Sep '14
Thanks for the link. Really disappointed to see what has clearly been a bout of insider trading. Warrants at £1.44 - 60% premium to 90 pence. Hmmm more like 20% premium to the price of around 118p last week. The FSA need to have a look into who was doing some big trades in the last few days. Guess it's good to get the funding issue out of the way which should hopefully allow the share price to make some headway up to the PFS.



Share Trading BrochureRequest your Free brochures on share dealing, spread betting and CFDs

Sign up for Live Prices
Home  |  Contact Us  |  About Us  |  Careers  |  Advertise with Us  |  Sitemap  |  Terms & Conditions  |  Cookies  |  Privacy


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.