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SOU CEO responds to investor questions on its projects in Morocco and Italy. Watch here

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SOU CEO responds to investor questions on its projects in Morocco and Italy


Condor Gld Share Chat (CNR)



Share Price: 59.00Bid: 58.00Ask: 60.00Change: 0.00 (0.00%)No Movement on Condor Gld
Spread: 2.00Spread as %: 3.45%Open: 57.50High: 59.00Low: 57.50Yesterday’s Close: 59.00


Share Discussion for Condor Gld


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brigstocke
Posts: 43
Off Topic
Opinion:Strong Buy
Price:70.50
RE: Drilling soon?
18 Oct '16
Quick question Bezzell, if you can answer. From your experience in the area, do you think there will be public opposition to the La India plans ? In other words do you expect the public consultation to pass off without a problem ?
 
cambells
Posts: 3,061
Off Topic
Opinion:Strong Buy
Price:70.50
the
17 Oct '16
Oracle
Bezzell
Posts: 122
Off Topic
Opinion:No Opinion
Price:70.50
RE: Drilling soon?
17 Oct '16
From what I heard, its not Mestiza. Its further north east apparently. It may not even be on the same concession. The people I spoke to didn't know the name of the concession. All they told me was that it was quite a bit further out because they would hire workers from those communities, instead of La India.
Jibbo
Posts: 16,768
Observation
Opinion:No Opinion
Price:69.50
RE: Drilling soon?
17 Oct '16
Bezz, that is interesting. In the latest half-year report it states that: 'The Mestiza Vein set hosts a NI 43-101 compliant mineral inferred resource estimate of 1,490kt at 7.47g/t for 333,000 oz gold. Condor has designed a 10,500m drilling program to convert the Soviet classified resource to an NI 43-101 compliant resource in the indicated category.' Perhaps this is what will happen. From memory 5,000m of drilling has previously cost roughly $750,000 ($1,575,000 for 10,500m). Not sure we can afford that with £2m in the bank so, we will either have a fund raising or a much smaller drill program - aimed perhaps at testing a few targets (such as the Andrea vein) to see what is beneath some of the rock chip samples.
elgordo83
Posts: 709
Off Topic
Opinion:No Opinion
Price:69.50
RE: ah well
17 Oct '16
least we know it was never priced in to SP given we've stayed level
Bezzell
Posts: 122
Off Topic
Opinion:No Opinion
Price:69.50
View Thread (8)
Drilling soon?
17 Oct '16
Folks, I passed by La India this weekend and did some asking around. It appears we are gearing up for a drilling campaign, although several people told me that it would only be a small campaign. They didn´t know how big or small though. But any news would be handy at the moment I guess.
Soil sampling continues, at the moment exploration is being carried out to the north east, away from the main project area, which is interesting.
AndrewFfoulkes
Posts: 569
Observation
Opinion:Strong Buy
Price:69.50
RE: CNR & TSX Listing
17 Oct '16
One had always been given to understand that a TSX.V listing was an ongoing annual costs of about $250,000
frenchie38
Posts: 893
Research
Opinion:Strong Buy
Price:69.50
RE: CNR & TSX Listing
17 Oct '16
Not sure if it has started, however it doesnt come cheaply, although the report below indicates TSX is best for resource companies:
http://www.cbj.ca/the_advantages_of_resource-based_exchanges_the_tsx_and_tsx-ventu/
LastChance
Posts: 26
Off Topic
Opinion:No Opinion
Price:69.50
RE: CNR & TSX Listing
17 Oct '16
I also think it would be in both the companies and shareholders interests to dual list. Given us a more realistic share value and reduced dilution impact on future funding requirements

Think MC is dissatisfied with AIM's inability to value the company against its peers effectively, hopefully TSX will give us this and thus some paper profit for the long term holders.

Therefore I would support a dual listing soon than later, however I would presume the whole process has a minimal 3 month timeframe, if not longer

Does anyone know if any activity has commenced ?

Thanks
SeriousPunter
Posts: 414
Research
Opinion:Strong Buy
Price:69.50
CNR & TSX Listing
17 Oct '16
I've been doing some digging around recently, IMHO we will see some action sooner rather than later.
The top 10 emerging gold producer listed on the TSX have an average P/NAV 0.91x, resource ounce in the ground US$73 and reserve ounce in the ground US$110. The average AISC is US$840 oz vs Condor’s US$700.
Condor is valued at US$22 per resource ounce gold in the ground and P/NAV 0.28.
If CNR can obtain a secondary listing on the TSX it'll provide a “peer group comparison” while AIM doesn't.
It would appear that Condor is not widely known in Canada and US. Therefore investors could sell a resource oz at US$73 and buy a more profitable one at US$22/oz.
I think Ross would push for a TSX listing, because of his profound market knowledge and the benefits it could bring to CNR




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