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Does the name begin with a j and has, I'm sure ,two b''s in the middle ?
Frenchie,we are all different.its entirely your perogative to not mention if you buy or sell.most posters on these boards post when they have bought.In regard to mentioning other holdings.heres a funny one.my attention was drawn to bao,tym and hum by a poster here that used to post non stop bullet point posts and predictions of buyouts next year.dont remember him taking too much flak,even when bao collapsed and he disapeared without a trace.there you go we all have our gripes.
Onwards and hopefully onwards.
I’m with Nero and don’t see a need to post when I buy or sell shares. What relevance does it have to the debate, which is what a bulletin board is about. I too don’t like to read about what other stock you are buying and selling, it doesn’t belong on this board.
NEro,,you must be one of the only holders on here that doesnt state they have bought shares.odd really as it would infer confidence.
I have no real issue with mc,I am confident with my holding .I have more of an issue with agressive bb posters like yourself who cannot accept contrary views and make it personal.;)
Pierre Lassonde said it best 1 or 2 yrs ago: Large mine financing funds have only been going to people who have built mines before and made money for them in the past. Makes sense - lowers risk of the lender.
IFC out is interesting. They represent the US/UK and the fight against communism. Especially the disposition timing of it last month just before B2 calibre deal announcement. Cant believe they were able to dump their 2.5m+ shares in a matter of days at around 17P on the market. The buyer(s) on the other side is probably someone they know that is helping keep the share price as low as possible. How can you dump that many shares on the open market that quickly without preparation?
I'm the one complaining about the CEO nero. He needs to go. Calibre needs to take over to see this to commercial production and beyond (possibly expanding to over 200k oz/yr, proving 5m+ oz, or finding the heat source porphyry). All those scenarios take time, require the right people, and the last thing you want is to have none of them accomplished at the peak of this gold cycle with an under performing stock price. It's in my interest along with other shareholders a merger happens and exchange of shares. The longer it takes, the more pain we'll see. I'm anticipating the pain (another -30% if need be) because I dont have much faith in MC. Classic case of good deposit & bad ceo.
Ross beaty, not intended to refer to Condor, said in his latest interview , "For an exploration team to say well we're going to build a mining company with this asset without any skillset to do that..... is a essentially a leap of faith.......don't do something you're not suppose to do".
https://soundcloud.com/resource-insider-podcast/episode-025-investing-like-a-billionaire-with-ross-beaty
I'm not the one complaining about the CEO!! If you don't approve of his actions or remuneration package, then sell and give us all some peace! And you're wrong again as per usual, I just don't like to report my life story on the board unlike you seingred. FYI, no one cares.
Nero,large investors are being looked after.due dilligence has to be ongoing.did your due dilligence infer a share price of 18 p ?
Cnr is a share holding not a wife.I have had shareholding failures along the way during 35 years investing.Thats why I am cautious.like anybody else I will make a call on when to buy,hold or sell.I sold the last of my sub 20 p shares a couple of weeks ago to top up in Arcm .will assess as we go along.certainly wont be selling out totally.will reduce or increase as I see fit.Hopefully with profits elsewhere. Ihaven't seen you say you have bought any shares in the last year and a half so imagine you probably have a fairly chubby average.time to average down mate.fill your boots before its too late.
Blimey. Well clearly you savvy investors have no faith in the CEO to act in the best interests of share holders so it's time you sold up and moved on. Good thing you did your due dilligence here before buying, I'm sure this was just a blip in your otherwise stirling investment history. Oh well can't win them all hey? Bye bye.
MC has a great incentive as he keeps ensuring his holding won’t be diluted by offering himself options at a huge reduction to most long term holders averages!!
But nero,We are not in a bear market now,gold price is doing well,goldies are on tHe rise so a historic low for raising cash is poor.agree until the last couple of years mc record of raising has been very good.unfortunately at a critical time for development it is not working right.of course we have to raise funds and will still have to raise more but it is crazy to not realise that heavy dilution dictates that many of the optimistic share price targets need revising .Because the development stage should be close I believe we will not move like an early stage explorer.Time will tell I guess.
must say, I totally agree. MC was in Nicaragua last week. And what did we get on monday? RNS on many, many options with a very bad strike level for every LTH. Very bad timing...and 1000000 for Mark...
Still think, it is very positive that Randy Martin took such a large stake over market price before. There surely must have been some dicussions about synergies before...and I think we will hear soon...
MC has the most incentive of anyone not to dilute and by any measure has done a great job keeping dilution as low as possible over the length of this bear market. But issuing equity is how gold explorers raise cash and in a bear market dilution is unavoidably going to be worse than in a bull market. Why is this news to people here?
Shall we moan about the sun going down tonight and other such blindingly obvious and unavoidable events?
Nero ,by my rough calcs in the two fundraises this year we have been diluted circa 40 p cent.and we still havnt got to a bfs or anywhere near a mine build.the large holders are now in a fairly low breakeven situation..I dont have a high average so not such a problem to me but for anyone with high averages big dilution for what is small beer is the last thing you should want to see.
It is in the companies interest to keep the sp as high as possible for cash raising,not let it drop as low as possible to get their averages down as low as possible.
You could make exactly the same argument for every one else chasing billionaire's money, and there's no shortage of demand for it these days.
RB and JM buying 10m shares would have been small change. Then guarantee mine funding would have earns a massive return for them. Easy money for Billionaires.
So you expect a major shareholder to hoover up the 10 million shares to keep the share price from dropping (around 30p at the start of the year so say ~£2m), plus tap them for another few million quid when raising runds, all so your holding doesn't get diluted a bit? Wow delusional much?
Nero,I dont disagree that 15 per cent of the company being sold has pushed the price down but then another 27 per cent has been added recently with nice cheap warrants.Cnr needed the buying support while ii were selling ,not wait til it pushed the sp down to bargain basement prices ,then have nice cheap warrants to boot.the ifc has a member on the board.their shares could have gone directl to another holder helping to avoid this almost halving in sp while gold has surged.Then any placement could have been in the thirties and less severe dilution.
Roth and Seingred, Condor has fallen because we've had two IIs dump nearly 10 million shares (nearly 15% of total shares) on the market since the beginning of the year. It's any wonder we haven't fallen further and the price has held in part because JM and RB significantly increased their holdings (JM had 3.7M as of 04/18, he now has 14M, RB had 5.3M and now has 6.5M). How's that for confidence?
This has clearly caused Condor's price to diverge from the gold equity market trend which gained on the back of the gold price increase. We would be a lot higher were it not for all this selling and the amount of shares now held by MMs as a result.
9 months ago we had a disagreement on here about tHe gold price being responsible for cnr low sp.I note both mc and calibre have pointed to political instability.cnr was 34 p then .the gold has risen considerably since then..I bought aaz sub 50p,cey sub £1 and shg under 5 p.all have done well to varying degrees .cnr has nearly halved.After being hammered hum are up considerably in the last 6 weeks.most here know that goldies have been doing well recently.cnr will move when concrete news on mine finance and toll deal is announced.It has not followed the gold price so far quite the opposite.
I will be happy to be wrong and have a much healthier account .
Roth
https://www.lse.co.uk/rns/CNR/condor-gold-plc-notification-of-major-holdings--ns76mr3cpkyixkt.html
We are approaching 4 years into this new gold cycle run. The bottom of the cycle was December 2015/Jan' 16 when the price hit around $ 1050. Gold price is near 375 points higher. 90+% of all the gold companies throughout the world are at least up 100% higher today than their respective 2015/16 bottom share price. We are trading at our cyclical 2015 bottom and that is rare. I would say we are under performing quite significantly. A rising gold price should floats all boats, but we shouldn't be relying on $2000+ gold to make this work. Before a lot of solid exploration companies go to raise funds, they normally pump the stock price and support it for several months financially through various means so that the private placement is at a much higher price minimizing dilution. Condor was unable to support the share price at all in anyway.
The market is not rewarding any drill results throughout South and central america unless it's a bonanza or big discovery. So Condor will not be trying to prove the ounces (do any drill) anytime soon unless that changes. MC has already hinted at this in many videos.
IFC (International Finance Corporation) is still a shareholder as of May 2019 per recent Condor presentation slides.
I disagree Seingred, the shareprice will rise with the rest of the gold equity space regardless, as money moves back into the sector. MC needs to show progress towards production and proving the resource whilst keeping dilution low, and once the sector is back in favour our share price will rocket along with others. It will rise more or less than others based on various fundamental factors, but right now fundamentals don't matter as numerous positive drilling news and derisking news have alluded to over this bear market.
Gold is a cyclical asset, by extension so are gold equities. Many people here badly need to step back and look at the bigger picture.
Of course small companies go into production.cnr unless bought wll go into production.the number of shares in circulation dictates the sp .luckily cnr raised at good prices earlier in the cycle.it is just unfortunate that at a critical point of development the sp is very unhelpful for equity raising.
I also think that real reward here is successful profitable production stage which imv is 4-5 years away.
The sp will stay low until it is made clear how cnr will fund production imo.that is not saying cnr cant or wont get there.yes also unpalatable decisions have to be taken to progress sometimes.
Whilst I, along with everyone else is, looking at the shareprice with a look of amazement based on the assets we have, I am amazed at what appears to be a belief that no small company has financed exploration through to production before and been successful for the shareholders. Yes we may see further dilution, yes we might see funds raised at prices we don't like but to get to the end game, full production , for new small companies, this is necessary. But in the long run, irrespective of the number of shares in circulation, it's what each share is worth is the measure. The way people are talking implies that it is impossible to move from exploration to production for a small company, it isn't, if you have the right supporters, which I believe we have, it may take time but if we do go to production then the rewards will be greater than a sale now, if an offer comes before then all well and good but ten years down the line when results are published by whoever own the company, I'll bet allot on here would wish they still held shares in this poorly performing company we call Condor Gold, sorry, five glass of wine rant and shareprice frustration.