Re: Unable to buy I took your advice and stalled, although while I can see your thinking on 45p with gold showing a bounce I think we might see 50p as the current bottom. I'll take another look later next week.
Re: Unable to buy Why would you want to buy?Wait for 45p
Re: Unable to buy I may be wrong (and I know that is the preface to a comment that is likely to be!) but this share seems to have some 'down time' shortly before a rise - MM games ? who knows but the fundamentals look OK assuming we are seeing the correct facts and I take some comfort from the other investors with much more money in this than me and who are in at a much higher price than today's
Re: Unable to buy Well I'll be selling if it goes down much more as it'll hit my stop loss - and there's something not seeming right... including with the hype...
Re: Unable to buy Price needs to go up th
Unable to buy Even 5000.Interesting. Looks like we have a buy/sell impasse at the moment with nobody able to buy and no one wanting to sell. Illiquid.
Re: 'Results are excellent....' Little impact on the SP. I guess that's understandable. We all know there is a lot of gold here and it's a very commercial, but it will mean nothing until we get the go ahead to mine it, and that doesnt seem on the table just yet. IMO I think the company should change tack and snail pace this project, preserve cash and lay off a few of the locals until the government makes a decision. Laying off the locals might mean a few more start backing the project more vocally
Re: 'Results are excellent....' Gives Mark something very positive to talk about tonight.Hope we get some feedback.
'Results are excellent....' Drill Results on La India Project: including 3.6 m at 23.3 g/t gold and 3.1 m at 14.4 g/t goldIf you want to review the full announcement including maps, please click on the link:-[link] Gold (AIM: CNR) is pleased to announce more results from continued drilling on the Mestiza Vein Set ('Mestiza') at the La India Project, Nicaragua. The objective is to convert an historic Soviet mineral resource (2,392 kt at 10.2 g/t gold for 785,694 oz gold) to Canadian NI 43-101 standard. The initial focus is on the Tatiana Vein, one of the 4 constituent veins and the largest portion of the resource. Results are excellent and have identified a high grade ore shoot in the area of a major dilational bend. The programme continues with two drill rigs and has now been expanded to 6,000 m in total.Highlights:-- LIDC348 drill width 3.6 m (true width 2.3 m) at 23.3 g/t gold and 66.6 g/t silver from 160.5 m depth.-- LIDC348 is 100 m vertically down dip of a previously reported drill hole (LIDC344; drill width 3.3 m at 28.3 g/t gold) and demonstrates a high grade ore shoot which extends to at least 150 m below surface and may have a strike extent of about 300 m.-- LIDC360 drill width 3.1 m (true width 2.7 m) at 14.4 g/t gold and 29.2 g/t silver from 40.3 m depth. -- 3,000 m drilling programme is now expanded to 6,000 m. -- The Tatiana vein has excellent continuity for 1.5 km and is a 4-5 m wide mineralised structure. The average true width of the high grade portion, comprising mostly fault breccia, is approximately 2.5 m.-- High recoveries have been achieved in the mineralized zone, including mineralised fault breccias that previous drilling failed to recover.Mark Child, Chairman and CEO comments:'The drill result of 3.6 m at 23.3 g/t gold on the Tatiana vein is very encouraging because it is approximately 100 m below our previously reported drill intercept of 3.3 m at 28.3 g/t gold. This and neighbouring drill holes define a high grade shoot which is open down dip and along strike for approximately 300 m. In light of this, the drill programme has been modified from broadly 100 m centres, to include drilling some 50 m step out holes in this high grade zone.The overall objective is to convert an historic Soviet-style mineral resource (2,392 kt at 10.2 g/t gold for 785,694 oz gold) to Canadian NI 43-101 standard. This will hopefully boost the current NI 43-101-compliant Inferred Mineral Resource at Mestiza (1,490 kt at 7.47 g/t for 333,000 oz gold).Mestiza is excluded from the current mine plans in the PFS and PEAs. A successful resource conversion has the potential to add large, high grade, and relatively shallow resources to a future mine plan, thereby increasing the annual gold production, life of mine, and project economics. The Tatiana vein has excellent continuity for more than 1.5 km and we hope to identify further high grade shoots by targeting bends in the vein, which are more dilational and seem to have controlled gold grade.'BackgroundLa India Project's existing NI 43-101-compliant mineral resource is 18 Mt at 4.0 g/t Au (2.31 Moz gold). This consists of seven separate resources, most of them open along strike and at depth. It includes Mestiza, which hosts a NI 43-101-compliant Inferred mineral resource of 1,490 kt at 7.47 g/t (333,000 oz gold). Here, Soviet-backed drilling in 1991 estimated a Soviet-style mineral resource of 2,392 kt at 10.2 g/t gold (785,694 oz gold) (See RNS dated 22(nd) May 2017). The bulk of the resources are contained within the Tatiana vein, the largest of the four main veins on Mestiza.Current Drill PlanCondor commenced drilling with one drill rig on Mestiza on 23(rd) March 2017, to test the Soviet drill intercepts and convert the high grade Soviet-style mineral resource estimate to Canadian NI-43-101 standard (See RNS dated 31(st) March 2017). The initial batch of drill holes
Posted on ADVFN Interesting last paragraph Credits to Sir Andrew Ffoulkes========== ========== =====I put the following question to MC and have permission to quote him:Question "Further to last weeks meetings, do you feel we made progress? I know you want us to focus on drilling at the moment but the elephant in the rooms remains the PC and subsequent EIA."Reply: "Yes, a team of four people from the IFC conducted a site visit of La India Project last week and were given an update by our technical teams. This was the IFCs 5th site visit to La India. The IFC mining team included an investment director, technical director, environmental specialist and social specialist. Following the site visit the IFC mining team had a one on one meeting with the Minister of Energy and Mines and the Director General of the Department of Mines. The Minister assured them that he and the Government support the building of a new mine at Mina La India. Earlier in the week another team from the IFC met the Minister of Energy and Mines to discuss further investment in the renewable energy sector.As you know the IFC is the investment arm of the World Bank. Last week the World Bank lent US$18m to Nicaragua hxxp://www.worldbank.org/en/news/loans-credits/2017/06/12/nicaragua---additional-financing-second-land-administration-project in April 2017 the World Bank lent US$55m to Nicaragua hxxp://www.worldbank.org/en/news/loans-credits/2017/04/17/nicaragua---alliance-for-education-quality-project. The World Bank/IFC has significant influence with the Government and has stepped up its lending to Nicaragua as the oil subsidies from Venezuela ended last year.The IFC is interested in providing the bank debt for a new mine at Mina La India.Mark"
NEW ARTICLE: Trends and Targets for 31/05/2017 " RED ROCK, COAL OF AFRICA, and CONDOR GOLD (LSE:RRR, LSE:CZA, LSE:CNR)Â One of these stupid philosophy questions, "if a tree falls in the forest, does it make a sound if no-one hears it?" sprung to mind when walking the dogs. With a sound like ..."[link]
Re: looking to buy at 45p Jim Mellon does not appear to agree with you, buying 100K at 60phappy
Director buys Great to see JM buying 100000 shares. Happy
Re: 'highly encouraging' Drill Results Excellent drilling results.Happy
'highly encouraging' Drill Results Drill Results La India Project: 3.3 m at 28.3 g/t gold and 2.65 m at 12.6 g/tgold[link] Gold (AIM: CNR) is pleased to announce drill results from an initial2,000 m drill programme on the Mestiza Vein Set ('Mestiza') at La IndiaProject, Nicaragua. The objective is to test an historic, relatively shallow,Soviet mineral resource (2,392 kt at 10.2 g/t gold for 785,694 oz gold).Initial results from the Tatiana Vein, one of the constituent veins, areexcellent. The programme continues.Highlights:· LIDC344 drill width 3.3 m (true width 2.2 m) at 28.3 g/t gold and 38.9g/t silver including [email protected] g/t Au. From 76.7 m depth.· LIDC348 drill width 2.65 m (true width 1.7 m) at 12.6 g/t gold and 21.8g/t silver including [email protected] g/t Au. From 91 m depth.· The initial 2,000 m drilling is now expanded to 3,000 m.· The Tatiana vein has excellent continuity for 1.5km and is a 4-5 m widemineralised structure.· High recoveries achieved in vein zone, including mineralised faultbreccias that previous drilling failed to recover.· Second rig mobilised and has commenced drilling.Mark Child, Chairman and CEO comments:'The initial drill results at Mestiza of 3.3 m at 28.3 g/t gold and 2.65 m at12.6 g/t goldare highly encouraging. The objective is to convert an historicSoviet-style mineral resource of 2,392 kt at 10.2 g/t gold for 785,694 oz goldto Canadian NI 43-101 standard. This will boost the current NI43-101-compliant Inferred Mineral Resource at Mestiza of 1,490 kt at 7.47 g/tfor 333,000 oz gold.Mestiza is excluded from the current mine plans in the PFS and PEAs. Asuccessful resource conversion has the potential to add large, high grade, andrelatively shallow resources to a future mine plan, thereby increasing theannual gold production, life of mine and project economics.The Tatiana veinhas excellent continuity for 1.5km and is a 4-5 m wide mineralised structure.In the past few days a second rig has commenced drilling on Mestiza."BackgroundLa India Project's existing NI 43-101-compliant mineral resource is 18 Mt at4.0 g/t Au for 2.31 Moz gold. This comprises 7 separate resources, all openalong strike and at depth. It includes Mestiza, which hosts a NI43-101-compliant mineral resource of 1,490 kt at 7.47 g/t for 333,000 oz gold(Table 2). Soviet-backed drilling in 1991 estimated a Soviet-style mineralresource of 2,392 kt at 10.2 g/t gold for 785,694 oz gold at Mestiza (Table3). The bulk of the resources are contained within the Tatiana vein, thelargest of the four main veins on Mestiza.Current Drill PlanCondor commenced drilling with one drill rig on Mestiza on 23rd March 2017, totest the Soviet drill intercepts and convert the Soviet GKZ mineral resourceestimate to Canadian NI-43-101 standard (See RNS dated 31st March 2017). It isexpected that further drilling of about 4,000 m (total of 6,000 m drilling)will be required to convert the majority of the Soviet mineral resource to aNI 43-101-compliant Inferred Mineral Resource.Initial Drill resultsThe initial 7 drill holes have focussed on the Tatiana Vein. Results to datehave been excellent and broadly validated the Soviet drilling. See Table 1below. A second drill rig has arrived on site and the initial programmeincreased to 3,000 m.Tatiana is an approximately 4-6 m wide mineralized structure crosscutting amajor unit of welded tuff with conspicuous fiamme. The structure consists of:· A central high grade vein, 0.5-1.0 m wide, with comb and drusy quartzand minor chalcedony. Textures of the vein vary between holes, from massivesilica, to leaching textures with skeletons of former calcite, to locallycolloform banded pale green chalcedony with fine streaks of sulphidemineralization.· 2.5 m of jigsaw and crackle hydrothermal breccia around the c