Firstly the links. For reasons discussed, if you are not registered with Primary Bid register for free now HERE. Secondly we are at 33% help us to save Woodlarks donate HERE. Heck even daughter Olaf has dipped into her vodka funds to donate. In the podcast I look at IWG (IWG), Pathfinder Minerals (PFP), Cineworld (CINE), Bidstack (BIDS), Fox Marble (FOX) and, sorry Jim, Condor Gold (CNR). I also look at the "wisdom" of appointing a Chief Diversity Officer.
In today's bearcast I look at shitty little gold plays like Conroy (CGNR) and Condor (CNR) at their relationship to the gold price. I cover Burford (BUR) noting today's interventions from two giants of the investment world: Carson Block of Muddy Waters and Roger Lawson of ShareSoc. I look at Providence Resources (PVR) a comedy set to end in tears, at Diversified Gas & Oil (DGOC) a tragedy set to end in tears and also at Neil Woodford and that Cenkos (CNKS) profits warning.
The threat of a photo of Dan Levi's Y Fronts post sore bottom training walk remains, so please donate to Rogue Bloggers for Woodlarks HERE. In today's podcast I look at Condor Gold (CNR), the struggling explorer backed so heavily by my good friend Jim Mellon. It looks to be in real trouble. Then good news for Neil Woodford. As of today I am a loyal shareholder in his Patient Capital Trust (WPCT) and looking forward to the AGM greatly. I have a favour to ask of bearcast listeners living close to Oxford who fancy a day out in the City of Lost Causes in late May or early June.
I start with a look at PCGE (PCGE) and what CCJs actually mean before having a look at results from Capital & Regional (CAL) and what they say about the state of retail property. Look at the gaping chasm between the share price and NAV! Then a detailed look at the balance sheets of Condor Gold (CNR) and Totally (TLY), the latter using my new interest, non debt debt. If you enjoyed this, I think, profanity free bearcast, follow a bloke from the Grim North who donated enough to buy a whole house in the welfare safari and support the Rogue Bloggers for Woodlarks HERE.
In today's podcast I look at Tomco (TOM), Watchstone (WTG), the bastard son of Quenron, Condor Gold (CNR), dire numbers from WH Ireland (WHI) and the read across to the FinnCrap IPO, Amedeo Resources (AMED), the Sith Lord Zak Mir and Optibiotix (OPTI) and at Haydale (HAYD)
In today's bearcast I explian where I was yesterday afternoon with Joshua. Roaarrrr! Then I look at Condor Gold (CNR), Galantas (GAL), Amur (DOG), Flybe (FLYB), Asiamet (ARS), the spoofing by the loathsome & always wrong CBI and at Frontera Resources (FRR) and why it could be a zero within days.
Our Winnileaks Matt Earl special on First Derivatives (FDP) has set the cat amongst the pigeons. But I have bad news for the men from God's chosen lands of Ulster who run First. I have more and hope to air soon. Ho ho ho. Get the ouzo and ice ready. In this podcast I also cover spoofing at BlueJay (JAY), Fastjet (FJET), Frontera (FRR), the scandal at Indigovision (IND) which is enough to have us all voting for Jeremy Corbyn, Mayan (MYN) and, in some detail, Condor Gold (CNR), the gold dog which has sent so much of the cash of my good pal Jim Mellon to money heaven. I fear Jim will have to get his wallet out again soon.
In today's podcast i look at tweets from Big Dave Lenigas which at every level would, in the US, see him heading for the cell next to the one being prepared for Tesla's Elon Musk. He just cannot substantiate what he is saying. I then look at Pantheon Resources (PANR), have a question about May 25 2019 and the Horse Hill Woodlarks walk, at Condor Gold (CNR), one of Jim Mellon's dogs, at Imaginatik (IMTK) at what price would I buy for Vin Murria? Finally there is a detailed look at Marechale Capital (MAC) a true AIM Casino POS. The goat milking video to which I refer is HERE and the latest Hovel photos are HERE
Bearcasts may be sporadic over the next few days as I explain. By Wednesday I shall be mountain walking in Greece for my Woodlarks training. Think of me with the snakes and in 35 degree heat and donate HERE. Today I look at Optibiotix (OPTI), Audioboom (BOOM), Andalas (ADL), Frontera (FRR), Boxhill (BOX) and KPMG and in some detail at Jim Mellon's failing gold play Condor Gold (CNR).
On 6th December I said that a token share purchase by Jim Mellon of shares on Condor Gold (CNR) was a spoof as it was so small for Jim. Moreover Condor was running out of cash and would do a placing within months. Mellon's PR man chewed my ear off. Well hey ho today there was a placing. A pattern of such spoofs and a subsequent placing has continued. Will I get an apology? I also look at lessons from Flybe (FLYB) and the non bid, at Fevertree (FEVR) director share sales, at UK Oil & Gas (UKOG) which is also spoofing, 13 Energy (13E) - "you say it best when you say nothing at all " - R Keating. Then I look at uber dog Golden Saint Resources (GSR) which is leaving AIM and says it wants to go to the Standard List. Lucky Standard List. I also mention our share purchase of more Optibiotix (OPTI). If you like bearcasts then remember that at UK Investor on April 21 one of many highlights will be a live bearcast with myself and Paul Scott. Make sure you book a free ticket HERE using the promotional code WINNIFRITH
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!
If it sounds too good to be true, it is too good to be true. That brings me to the Cascade (nothing to do with Bill Gates) ramp and Servision (SEV) and a detailed look at why it is utterly worthless. I look at the bogus French bid stories at UK Oil & Gas and how the Froggies are actually dumping the shares ahead of a bailout placing and because they are monstrously overvalued. Its also placing ahoy at Magnolia (MAGP) and Andalas (ADL) which is so shite it makes UKOG look like BP. I look at Blenheim (BNR), the boardroom departures and why its shares are 50% overvalued. Finally I try to work out how soon Condor Gold (CNR) will have yet another placing and why I would not back it at any price.
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...
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?
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.
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.
Though I may have pneumonia thanks to Paul Scott, I am now safely in Kalamata looking up at the mountains where I live when in Greece and the storm clouds are ominous. So back to the stockmarket I look at Finnaust (FAM), Audioboom (BOOM), Avanti Communications (TOAST), Condor Gold (CNR), Advanced Oncotherapy (AVO), Webis (WEB) and Anglesey Mining (AYM) which is spouting bullshit today as it places.
I a not sure what I am allowed to say these days since Paul Scott issued his language diktat. But I start by saying thanks to those who have emailed or tweeted me about my personal news today but then explain why I am spending a day cooped up in London with the charming Halimah. Then it is onto Condor Gold (CNR) and Powerhouse (PHE) which are talking cock. Then I remember my question of AIM's disappearing oil stocks in light of news today from Caza (CAZA). I concur with Steve Moore regarding Sepura (SEPU) and ask a few questions about Port Erin (PEBI) the vehicle of my old pal Jim Mellon, shares in which appear to be collapsing. There is also more comment on Strat Aero (AERO) and Stratmin (STGR).
I have won £5 from Shipston's Buffett for tracking down a long lost cousin to whom he has not spoken in 50 years. That is my main achievment today. I shall comment on InternetQ (INTQ) and MX Oil (MXO) elsewhere. I start with a look at BP (BP.) and explain why we have bought the shares today. Then I look at Corero (CNS) in detail and at Condor Gold (CNR), Nighthawk (HAWK), Petroceltic (PCI), Mosman (MSMN) and Aureus (AUE) before a detailed look at the dog Blur (BLUR).
Is Wandisco (WAND) negotiating a trade sale as I hear or is it going bust? Either way it needs to issue an RNS now. Elsewhere I wander back to the days of Turnip Townsend to discuss why deflation could be the new norm in light of news from Tokyo overnight. At a company level I cover ITM Power (ITM), Proxama (PROX), Condor Gold (CNR), Peer TV (PTV) and the over ramped shite that is Glenwick (GWIK)
I am not in a good mood. Is this more to do with the reaction to Brokerman Dan's piece here yesterday or an impending trip to the Grim Northern welfare safaris to see the mother in law. Anyhow this podcast contains a lot of bad language. I discuss Daniel's contribution. The market was in a good mood yesterday and thus a number of wholly irrational share price spikes get covered: Mosman Oil & Gas (MSMN), XCite Energy (XEL), Condor Gold (CNR) and especially Highway Capital (HWC) which I cover in detail. I also explain why I remain bearish and comment on Aureus Mining (AUE) which announced a "strategic review" i.e. it is totally fucked.
John Meyer of SP Angel this morning comments on African Potash (AFPO), Condor Gold (CNR), Thor Mining (THR) and Anglo American (AAL) as well as offering a detailed macro view on the news that is shaping global mining and the AIM mining pond.
John Meyer of SP Angel this morning comments on Bushveld Minerals (BMN), Condor Gold (CNR), Coal Of Africa (CZA), Hummingbird Resources (HUM), Metal Tiger (MTR) and Premier African Minerals (PREM) as well as offering a detailed macro view on the news that is shaping global mining and the AIM mining pond.
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.
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.
I start with a hint to the oppo, that is InternetQ (INTQ), fire the lazy upper class fuckwits at FTI Consulting who you employ to do PR, they are useless as I explain in this podcast. It is then onto Condor Gold (CNR), Optibiotix (OPTI), Wildes and his trading strategy in LGO Energy (LGO) and elsewhere - the road to ruin. And finally where is Malcolm Stacey's Santa rally? It seems to be er..late.
The pain killers are really starting to kick in and so I must warn you that this podcast contaions some bad language. Well quite a lot of bad language actually. On the agenda are the delusional fantasists who are running both Rose Petroleum (ROSE) and Condor Gold (CNR) into the ground. There is an apology on LGO Energy (LGO) but its shares, down again today, are still toast - I discuss what a strategic review means and why Bulletin Board morons are just so blinkered...they are in love you see. Then it is onto Iofina (IOF), Quoram (QRM), InternetQ (INTQ) and the dog Fitbug (FITB)
If you want me to analyse a stock for you just drop me a line at email@example.com - Today I look at shares in Condor Gold (CNR), Minco (MIO) and Northcote Energy (NCT)
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.
John Meyer of SP Angel this morning comments on Asiamet (ARS), Central Rand Gold (CRND), Condor Gold (CNR), Gem Diamonds (GEMD), Glencore (GLEN), International Ferro Metals (IFL), Metal Tiger (MTR), North River Resources (NRRP), Petropavlovsk (POG) & Premier African Minerals (PREM) as well as offering a detailed macro view on the news that is shaping global mining and the AIM mining pond.
John Meyer of SP Angel this morning comments on Amur Minerals (AMC), Anglo Platinum (AMS), Condor Gold (CNR), Gelncore (GLEN), Kefi Minerals (KEFI) and Minera IRL (MIRL) as well as offering a detailed macro view on the news that is shaping global mining and the AIM mining pond.
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.
John Meyer of SP Angel this morning comments on Condor Gold (CNR), Dalradian Resources (DALR), Glencore (GLEN), Kefi Minerals (KEFI) and Minera (MIRL) as well as offering a detailed macro view on the news that is shaping global mining and the AIM mining pond.
My old pal Alistair Ford, formerly of minesite, has teamed up with Proactive to launch a new series of one day mining events and the first one is on Monday , it is free to attend and you can register by emailing Thomas@miningcapital.com - as I am in town I may even pop in myself , to give Al one more friendly face as he sets sail with his new venture
John Meyer of SP Angel this morning comments on Condor Gold (CNR), Paragon Diamonds (PRG) and Zanaga Iron Ore (ZIOC) as well as offering a detailed macro view on the news that is shaping global mining and the AIM mining pond.
John Meyer of SP Angel this morning comments on Bezant Resources, Goldplat, Condor Gold and Hummingbird Resources as well as offering a detailed macro view on the news that is shaping global mining and the AIM mining pond.
Sefton shares are flying again. Everyone who tweets me claims to know what is going on. There is a false market the shares should be suspended. Ditto Gate after my revelations earlier HERE. The podcast then turns to the Horse Hill stocks French Connection, Totally, Avocet Mining, Plethora and Condor Gold (see HERE) . Oh and...Rosslyn Data Technologies....I'm coming for you!
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.
I am in a good mood today as I launch into a podcast tirade. Under fire are: Crap Oil, Sorry Trap Oil, Edenville, Condor Gold (placing ahoy), Plethora (ditto), Mosman (ditto), Matomy Media, blinkx and then a full frontal assault on Camkids - come on Nick Harris at Allenby Capital be a hero, you know what to do
Thanks to bloody Doc Holiday and the Mrs and her damned organic vegetable box this is my third take on this Bearcast and I have thus wasted 40 minutes of prime time working and am not pleased. In the podcast I look at Wildhorse Energy and insider dealing ( no apologies for crude racial sterotypes about Australians and how they got there), Daniel Stewart, Good Energy and Malcolm Stacey's other weekend share tips, Mosman Oil & Gas and have a detailed look at Condor Gold.
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.
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.
Condor Gold has announced the results from the latest metallurgical tests on ore samples from its 2.4Moz La India gold project in Nicaragua.
Without wishing to deliver the kiss of death to Gold and Gold stocks, it does appear that currently after nearly two-year is in the doghouse, it may be safe to come out of the cold if you are a fan of this particular asset class.
Edison Research is paid by companies to churn out research so it is not exactly impartial. None the less for uber-posh analyst Charlie Gibson to claim that a stock trading at 96p is in fact worth 614p per share is a bit of a big call.
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: