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Condor Gld Share Chat (CNR)



Share Price: 67.00Bid: 66.00Ask: 68.00Change: -0.50 (-0.74%)Faller - Condor Gld
Spread: 2.00Spread as %: 3.03%Open: 67.50High: 67.50Low: 67.00Yesterday’s Close: 67.50


Share Discussion for Condor Gld (CNR)


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mailes
Posts: 1,886
Off Topic
Opinion:No Opinion
Price:84.50
Bsmtyh
18 Feb '14
Lets hope it all goes to them grandchildren,,,
 
Jibbo
Posts: 14,855
Observation
Opinion:Strong Buy
Price:84.50
View Thread (3)
RE: Gold
18 Feb '14
At the moment it is heading back up - $1319
ElgorTrader
Posts: 226
Off Topic
Opinion:No Opinion
Price:85.50
View Thread (3)
RE: Gold
18 Feb '14
Ah right, no other support below 1312 then?
Normi
Posts: 507
Observation
Opinion:No Opinion
Price:86.00
How I See It...
18 Feb '14
Here’s how I see it (FWIW)… I think the drop has been caused mainly by charts. Yesterday the RSI hit 85ish (70 is overbought and 80 is very overbought). Also, other chart indicators such as MACD and slow stochastic are looking ‘toppy’ also.

http://shares.telegraph.co.uk/charts/?epic=CNR&period=YEAR1&type=2&compareTo=&movingAverage%5B%5D=9&movingAverage%5B%5D=50&movingAverage%5B%5D=200&overlay%5B%5D=AreaBB&indicator%5B%5D=MACD&indicator%5B%5D=SlowSTO&indicator%5B%5D=AreaRSI&submit=Draw

If nothing else, this recent rise provided some light relief for what has been a bad few months since November. Is the rise now over? I think it probably is while the chart corrects itself. Some people will be taking 30% profit and who can blame them for that?

So what now? The interesting thing will be where the SP now bottoms… If it’s above 70p then an uptrend will be established. If not, then we ‘may’ test new support levels. Although support should also be offered the closer we get to PFS.

The recent rise may have been people getting in ahead of the crowd for PFS, or it may have been due to the gold price rally, or both. Personally, I won’t be getting excited about gold until it breaks the $1,425 resistance, we’ve seen gold rally from $1,200ish levels before only to see it peter out later.

http://goldprice.org/ (change chart to one year)

I have to say I partly agree with BSmyth (no matter their intentions, persona or otherwise). The recent rise reminds me of the rise from 90p to 120p around May/ June last year (the chart is currently looking very similar), the SP then fell below the start of the rise, to 75p. I’m not saying that that will happen again, but merely that it could do. PFS is still a while off, especially as we have yet to see any news regarding the completion of the on-going studies required for it.

So PFS, what’s in store for us? I think the PFS will come out with an NPV somewhere in the region of £4-5, so where will our SP be as a result? Well, currently I think shares like ours are trading at 20-30% of their NPV valuations which would put us at 80p (£4 x 20%) on the downside and 150p (£5 x 30%) on the upside. The probable reality is that we find a level in between those values.

Personally, I only see a good rise here (to 150p and beyond) either because of a sale or a major sector recovery (gold through $1,425 like I said about earlier), or both.

GLA
mailes
Posts: 1,886
Off Topic
Opinion:No Opinion
Price:86.00
?
18 Feb '14
Where is perky?
Dimond
Posts: 5
Answer
Opinion:No Opinion
Price:86.00
just a thought
18 Feb '14
Or just like myself using the opportunity on the drop to transfer to a isa ... before we fly
Lowie100
Posts: 2,528
Off Topic
Opinion:No Opinion
Price:86.00
Elgor
18 Feb '14
Well spotted lol
ElgorTrader
Posts: 226
Off Topic
Opinion:No Opinion
Price:86.00
RE: Another false dawn
18 Feb '14
Morning Ian.
Jibbo
Posts: 14,855
Answer
Opinion:Strong Buy
Price:85.50
View Thread (2)
RE: why the drop?
18 Feb '14
Probably due to the slight fall in gold. For the time being the sp will probably be closely aligned with gold price movements. Hopefully gold will soon resume its upward march.
Waz21
Posts: 131
Off Topic
Opinion:Strong Buy
Price:85.50
View Thread (2)
why the drop?
18 Feb '14
why the drop today? we've seen this come up 20p in 10 days



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