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Condor Gld Share Chat (CNR)



Share Price: 51.50Bid: 54.00Ask: 56.00Change: -3.50 (-6.36%)Faller - Condor Gld
Spread: 2.00Spread as %: 3.70%Open: 54.50High: 55.00Low: 54.50Yesterday’s Close: 55.00



Share Discussion for Condor Gld (CNR)


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Condorpilot
Posts: 132
Off Topic
Opinion:No Opinion
Price:58.00
Condor Gold PLC PDAC Convention
26 Feb '15
 
johngilchrist
Posts: 6,001
Off Topic
Opinion:No Opinion
Price:59.00
View Thread (6)
RE: Rigging
26 Feb '15
i think the analogy is sending the fox in to check out the chicken coup
Strider4
Posts: 81
Off Topic
Opinion:Buy
Price:58.00
View Thread (6)
RE: Rigging
25 Feb '15
Interesting article and I watched the 15 minute video in the link as well. Fairly convincing and the conclusion was that this is just for show and nothing of any consequence will come of it.
johngilchrist
Posts: 6,001
Off Topic
Opinion:No Opinion
Price:58.00
View Thread (6)
RE: Rigging
25 Feb '15
the real scandal is naked shorting on COMEX, which is how all those raids are executedd ... I thought that was supposed to be illegal?
plone
Posts: 925
Off Topic
Opinion:No Opinion
Price:58.00
View Thread (6)
RE: Rigging
25 Feb '15
As the first blogger noted at the end of the article, 'like the fox investigating a raid on the hen house'.
flushfrank
Posts: 216
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:58.00
View Thread (6)
Rigging
24 Feb '15
US probes 10 major banks over suspected rigging of metal prices. Bloomberg.

Well finally, only been happening for years. Let's hope has a positive affect on AU
rt49
Posts: 13
Premium Chat Member
Off Topic
Opinion:Strong Buy
Price:58.00
Sp
24 Feb '15
They are all buys table is turning
Jibbo
Posts: 15,760
Observation
Opinion:Strong Buy
Price:58.00
View Thread (2)
RE: Numis comment on Timmins deal
24 Feb '15
Two points of particular interest. Firstly numis believe $60/oz to be fair. Should CNR add say 300koz this year and take the total to around 2.7m oz that would value us at roughly £2.20/share at $60/oz.

Secondly, it is worth noting that they hope 'to complete permitting by 2016'. Evidence there that a deal can be completed well ahead of permits being attained. CNR continues to be a live takeover target!
Jibbo
Posts: 15,760
Observation
Opinion:Strong Buy
Price:58.00
View Thread (2)
Numis comment on Timmins deal
24 Feb '15
Timmins has agreed to acquire Newstrike Capital for C$140m ($113m or $60/oz). The combined company will be owned by 63% Timmins and 37% Newstrike. The deal comes a month after the acquisition of Caballo Blanco from Goldgroup.
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Advanced stage. Newstrike completed a PEA on Ana Paula in late 2014: M&I resource 1.85Moz at 1.4g/t Au. 8.2yr LOM, 2.6 strip, 2.2g/t Au head grade, average 116koz pa Au, 957koz over LOM, $164m capex including contingency, cash cost $527/oz ($486/oz net silver). The PEA NPV (5%) at $1,300/oz was $232m with a 33% IRR. Timmins believes there is scope to improve significantly on the PEA numbers.
Neat fit. Ana Paula expands the footprint in Mexico, a comfortable jurisdiction for Timmins. It provides a low-cost growth profile, and along with Caballo Blanco, boosts group production from 120koz to >c.350kozpa and drops AISC by 20% or $200/oz to $795/oz by 2019, according to our estimates. M&I resources and grade are boosted by 75% and 34% respectively, for a total resource of 6.6Moz. The operation would be an attractive high-grade, low strip open pit, although there is scope to improve the current 75% recovery. The PEA plan is flotation/CIL but Timmins will undertake more test-work.

Flexibility. Timmins believes it can optimise the PEA and complete permitting by the end of 2016. Based on this, we estimate first production in 2018. The current plan would see Caballo Blanco come on stream first (our estimate mid-2017) although given the tough permitting task, we would not be surprised if Ana Paula ended up in production first. With San Francisco generating cash, Timmins has some flexibility in this regard.
Value & risk. We think the acquisition cost is fair





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