The one stop source for breaking news, expert analysis, and podcasts on fast-moving AIM and LSE listed shares
Published 132 days ago
Condor Gold (CNR) has announced it “notes the press article” and “confirms that it has received two non-binding offers from Calibre Mining Corp (TSX:CXB; OTCQX:CXBMF) and Metals Exploration Plc (AIM:MTL)”. Swiftly though Calibre has responded stating that, though it has engaged in discussions with Condor regarding the potential acquisition of the La India gold asset, “it is not currently in discussions with Condor, nor does it have an active offer… and confirms that it does not intend to make an offer for Condor”. That looks to leave Metals Exploration - my currently successful tip of the year - and it has too now issued updates.
Published 3643 days ago
Condor Gold (CNR) has seen its shares slump from almost 200p to just 69p over the past two and a half years despite winning prizes for presenting to investors more often than almost any company on the AIM Casino. But even at 69p the fact is that it remains a truly rotten investment as it prepares for its next placing. And here is why.
Published 2855 days ago
Condor Gold (CNR) has still to inform its long suffering investors of the enormous opposition it faces on the ground as it tries to develop the La India gold mine in Nicaragua. Perhaps it is because CEO Mark Child knows that his company is acting like fascist bullyboys in the way they deal with poor local peasants. Child's actions probably impress his offshore based asset stripping millionaire mates but in the wider world the mood is changing and robber capitalism is not so cool any more. So what is overpaid and underperforming Mark not telling you?
Published 2779 days ago
Social Justice campaigners SumofUs have taken on mining giants before and, as Newmont discovered, won. Now the campaigners want perennially cash strapped AIM dog mining minnow Condor Gold (CNR), which is backed by my old friend Jim Mellon, stopped from abusing and bullying Nicaraguan peasants as it tries to develop the low grade La India mine. 64,467 folks (including me, sorry Jim) have already signed the petition. SumofUs does not hold back in its critique...
Published 3374 days ago
Back in September ailing AIM listed gold dog Condor (CNR) announced that it was undertaking a strategic review and was in an offer period. Today it says both processes are over. It was bollocks from the start, you can't polish a turd and this company - of which I have been a long term bear - is screwed. It is almost game over. It will be lights out in May.
Published 3944 days ago
Mark Child, the former corporate financier who steers Central America-focused AIM company Condor Gold (CNR), draws encouragement from latest trenching results at the company’s La India mine re-launch project in the east of Nicaragua. He and his fellow directors now await the completion of a pre-feasibility study, expected in September. Condor, where Child and the Hong Kong-based Regent Pacific mining group hold around 10 per cent each, says a preliminary economic assessment last year suggested La India, an epithermal gold deposit from which US miner Noranda produced up to 40,000 oz. a year until 1956, still held 2.33 million oz. This is with an average 3.8grams of gold per tonne of ore, of which the firmer ‘indicated’ category was 1.1 million oz. with 3grams a tonne. Child argues the trenching has confirmed previous work done by the Americans and high-grade artisanal miners’ workings.
Published 3691 days ago
Mark Child, chief executive officer of Central America-focused Condor Gold (CNR), is preparing the ground to seek key environmental, infrastructure and water permits to enable the company’s La India epithermal project in mining-friendly Nicaragua to start producing in two and a half years from a total potential resource of 2.3 million oz. with a robust average grade of four grammes of gold per tonne of ore. He suggests this process could take two months while AIM-quoted Condor moves to buy surface rights at La India across 700,000 hectares for $700,000 and strives to make the project attractive to potential joint venture partners or bidders ahead of production.
Published 867 days ago
Last week Condor Gold (CNR) announced that as part of a strategic review it was putting itself up for sale (again) which I warned was because it was out of cash and probably could not raise any. Guess what? Old Tom Winnifrith was right yet again.
Published 2686 days ago
My old friend Jim Mellon claims to be worth £800 million although I rather doubt that (by a long chalk). But he is certainly worth a bob or two and that brings us to news today that he has bought 50,000 shares in Condor Gold (CNR) at 39.5p. I say Spoooooooooooooooooooooooooooof - placing ahoy!
Published 2870 days ago
It seems that jam tomorrow, cash guzzling, gold play Condor Gold (CNR) is having a few problems with the locals as it pretends that it is going to develop the low grade La India project in Nicaragua a mine that has been closed for more than twenty years after a 1995 flood. Oddly the company has not got around to telling investors about this via an RNS. But in case hapless boss Mark Child is too busy to do this, let me help.
Published 4350 days ago
The question here at Condor Gold is whether on a charting basis you could argue that the stock is a buy? The answer is on balance, yes, but that does not mean that one would be rushing in with unbridled enthusiasm.
Published 3013 days ago
Sorry if my good friend Jim Mellon feels if I am picking on him today but moving on from Port Erin (PEBI), the old boy (60 in a few weeks) has also been active at Condor Gold (CNR), the dog where he sits as a NED. Hang on tight folks, this related party trail is getting confusing.
Published 3509 days ago
I start with a few comments about yesterday's bearcast but then move into the mining sector where I am tempted to nibble. Two stocks I would not nibble at under any circumstances are Golden Saint Resources (GSR) and Condor Gold (CNR). Ive been a bear for a while and am now mega bearish on both after events yesterday as I explain in full. It is time that Mark Childs of Condor sent me a full apology (flowers, coke and a card will do). but perhaps he should apoligise to his shareholders first.
Published 4382 days ago
Broker Ocean Equities has today published a note on AIM listed Condor Gold (CNR) as the company released the results of its infill drilling programmes at the La India project targeting potentially open pittable gold mineralisation at the La India Vein Set and America Vein Set areas. Ocean states:
Published 873 days ago
In September 2015 with its shares at 53p Condor Gold (CNR), backed by my old pal Jim Mellon, announced that to maximise shareholder value it was putting itself up for sale. But with no takers by January 2016 and with its shares back at 20p it called the process off. Today: guess what? It is up for sale again! The shares are now 24p! So much progress in almost seven years!
Published 3385 days ago
If the current financial markets environment is not conducive to Gold being a safe haven, then nothing is. One decent example of this is Condor Gold in the aftermath of a bear trap rebound from below 20p and the worst levels of the past year.
Published 3439 days ago
If you want me to analyse a stock for you just drop me a line at sqmir@hotmail.com - Today I look at shares in Condor Gold (CNR), Minco (MIO) and Northcote Energy (NCT)
Published 126 days ago
The most read non-Tom article last week is The View From The Montana Log-Cabin As Gold Sees Less Volatility And Trump Threatens BRICS by Nigel Somerville at number 3 or number 14 including Bearcasts.Published 3507 days ago
Over on the ADVFN Asylum, Condor Gold (CNR) Thread the poor saps are wondering where their money has gone. Of course …it is all my fault that the shares have cratered from 200p to 51p sending £70 million to money heaven.
Published 3464 days ago
Another day and another utterly transparent ramperoonie waste of space announcement from Condor Gold (CNR) ignores the fact that the company will be insolvent shortly after Christmas, ceteris paribus.
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