Gold & Silver Explorer in Central America

Global resources for the company now stand at some 788,000 ounces of gold and 22.3 million ounces of silver.

Condor Resources plc is a UK based AIM listed exploration Company with a strong focus on the exploration and development of gold and silver resources within Central America.

The Company owns outright or can earn a majority interest in a substantial portfolio of concessions largely prospective for high-grade epithermal gold and silver in El Salvador and Nicaragua in Central America.

Condor's management team have extensive experience in mineral exploration, project development and project financing, ensuring that the Company has the best possible opportunity to achieve exploration success in these prospective areas of Central America.

The Company was successfully admitted to the official list of the London Stock Exchange AIM Market on 31st May 2006.



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CONDOR RES ORD PLUS-traded
http://www.plusmarketsgroup.com/details.shtml?ISIN=GB00B128J781/GBP/PLUS-exn

http://www.condorresourcesplc.com/admin/LatestNews/Docs/CNR%20World%20Mining%20Stocks%20May%2008%20web%20version.pdf
http://www.condorresourcesplc.com/

Bought a few of these today news out soon.

I am well into these as well.

relishing
Just you and me then.

It would be useful to stick this in the header:

http://www.plusmarketsgroup.com/details.shtml?ISIN=GB00B128J781/GBP/PLUS-exn

Since most trades in this stock are shown there.

Plus link now in the header, quite a bit of volume on these.

relishing
Are you still in Time?

No, sold out last week when momentum seemed to run out. Was only in it for a possible bounce. Glad I did!

Was thinking of topping up with 100k of these just then, but could only get a quote for 25k.

Don't know whether you saw this which was posted on ADVFN this morning, driver:

"macansy77 - 17 Apr'08 - 10:26 - 107 of 151


resource update is imminent (ie within the next couple of days) and apparently another one at the end of the month - interestingly they're also currently looking at an immediately cash positive coal prospect too..."

Yes the sp is looking strong and gaining support. SER also looking good.

rel
Was that an email received by m77

No, he said that he got the info from his broker, who had a conversation with Mr Ferguson.

relishing
Sit back and wait then that sounds familiar.

Checked the guys posting history and he seems genuine.

Won't be too long before we find out either way!

Going strong again today 21.4% up.

Yes, looking good this morning. News early next week or later today?

driver,

Take a look at LSB, got some this morning. A pure punt, but tight spread (SETS stock) and rumours of a takeover by Barclays.

rel
I put it on my watch list an hour ago great minds.

header updated.

Nice. A small chart would be good too.

Moving now 35%+

Now I know why I hate pure punts - exited LSB at a small loss.

Aye, this is looking very strong.

Jack russell springs to mind.

Driver,

Would you say SEO was worth buying?

ps - nice chart.

rel
Wouldn't like to say I have held for three years at 78% down but then you never know.

Will avoid I think.

May I recommend taking a look at MMS?

I bought that for almost exactly the same reasons I bought this share, plus a little snippet of info from the company..

rel
Yes you got in at the bottom by the looks of it recovering well.

Were you waiting for this Driver & Relishing?

Condor Resources PLC
18 April 2008

18 April 2008


Condor Resources plc

(''Condor'' or ''the Company'')


Condor's Maiden Resource at the El Cacao Prospect, Nicaragua


Highlights


Maiden resource calculated to JORC Inferred status of 41,000 ounces gold


The mineralised structure is open along strike in both directions and at
depth below the current level of drilling


Signs of three parallel mineralised structures are apparent and will be
tested further within the coming months.


Gold grades of up to 88.75g/t gold over 2.6 metres and 6.05g/t gold over
14 metres width.


Condor Resources Plc (AIM:CNR) is pleased to announce a maiden resource for its
El Cacao Project of some 41,000 ounces of gold to JORC Inferred category. This
supplements Condor's more extensive El Salvador resource base and brings the
company's global resource base up to 788,000 ounces of gold and 22.3 million
ounces of silver.


Condor's Chief Executive, Mr. Nigel Ferguson, stated: 'I am extremely pleased to
announce this maiden resource from our project in Nicaragua. The El Cacao
Project has produced an initial maiden resource that in our opinion can quickly
be built on through further work on the additional, plus 2,000 metres of strike
potential which is as yet untested. The Company has discovered low grade
mineralisation some 1,500 metres to the west beneath cover, which appears to be
the western strike extent of the El Cacao structure.'

That's the first of several resource announcements at Nicaragua kim. I expected them to come together but it looks like they've got this one out early. The Arras resouce update which it says will be another few weeks is expected to be a larger one I believe. But this is a good start.
There are also several other news items still to come.

Sounds promising Relishing; not in this one yet but I've got an eye on it.

Header updated to 788,000 ounces of gold. looking good with gold at $907.0.

Re: MMS,

Bought most at 4-4.25p, but hopefully have got in at or near the bottom there.

Comparison RVD have 5m ounces they have just started mining sp 4.2p M/Cap 67.41m punters on that thread are looking for 20p sp. CNR have 788k ounces + silver and more to come M/Cap 2.61m we should be at 18p+ or more.

I think people (me included) were expecting a big announcement giving figures for all the Nicaraguan projects hence the lacklustre reaction. The Nicaraguan assets are made up of several smaller areas therefore more to come, so hopefully they are still on target for the 'magic' 1m+Oz by the end of May. Still says that at the bottom of today's RNS anyway.

Looks like I should have held onto those LSB driver!

Not too bothered though as bought more SER :)

rel
Just posted on the LSB thread.

Out of these at the moment may come back reversed into IVE the other day.

Arras news should be out very shortly I believe.

There is a write up in World Mining Stocks this week. Take a look at:-
http://www.condorresourcesplc.com/admin/LatestNews/Docs/CNR%20World%20Mining%20Stocks%20May%2008%20web%20version.pdf

kimoldfield
Cheers kim will stick in the header.

Volume starting to pick up again here. Arras news could come any day now I would have thought.

Nice rise!

rel
Yes good rise just didn't have the patience could it go like last time results in and the sp crashes not a deramp just an observation.

Rise appears to be on low volume, so who knows.

Added a few of these this morning. Read this article over the weekend: http://www.mining-journal.com/WMS_Magazine/pdf/WMS0805scr.pdf

Arras update must be out any day now, and according to that article published last week, they are still expecting to meet their 1m target by end of May..
That implies to me that a 200k+oz resource is expected from Arras? Unless they have some other results to come in before then that I'm not aware of?

At he end all MMs the same price
SCAP gives up the 2p offer at 10:49am, after a Large buy on the plus market and paying premium 2.25p

20/05/2008 10:49:15 2.25 176,453 O 3,970.19

and now WINS goes higher at bid

What an extreme over-reaction. Market cap now about 1.5m!!

MM's taking the p*ss big time here.

Resource update out very soon.

Good job we didn't buy though Master!

250k @ 2p just bought on PLUS. Very cynical mark-down by the MM's.

Oh dear, sorry about that. I sometimes think this is a mugs game particularly when MM's are in this sort of mood.

Sorry about what?

Misunderstood your post.

Thought you were saying you had just bought.

No. My point was - someone had to pay 2p to buy 250k - this was after the markdown to 1.0-1.5p. Showed that the price they were showing was a load of rubbish.

See its back up to 1.75-2.0 already.

I got a quote for 66000 & 1.5p but would you be able to sell it?

Yes, you would be able to get 1.9p for that amount now.

Nicaragua resource update to come very shortly.

Remember this company is not a one-trick pony. It has exploration projects in Nicaragua and it is looking at acquiring a producing asset in Brazil together with a consortium.

At 2m market cap it is very very cheap and those El Salvador resources are not going to disappear.

I just trade to make money I'm not in it for the long term.
The price probably went down after the 250k trade which is when I got the quote.

I've been caught before like this (AVD) bought in, price went up and I couldn't sell because it was over the limit. In this market what they show and what you get are two different things.

Cynical I may be but I have little trust atm.

No, the 250k trade was a buy, when the quotes were 1.0-1.5p. I know the buyer.

Could sell 100k at 1.9p when I checked just then.

But what I have particularly noticed in this market is when you buy the price will drop slightly. You can actually do a dummy trade to drop the price.

It's something I've noticed over the last 9 mnths. Never noticed before.

Can't say I really understand it.

I usually find the opposite, but there you go.

How do you move the price with a dummy trade?

Well it should be the opposite!

Never noticed it in the bull mkt but whenever I get a quote now, particularly with small stocks, whether you take the trade up or not, if you watch the price the MM will drop it down in most cases but not when the price is very static like CNR now.

I haven't the knowledge to understand why as it goes against supply and demand principles. I just assume it is the MM's playing games.

That is my only explanation I'm afraid unless you have a better one.

Resource update for Nicaragua RNS

http://moneyam.uk-wire.com/cgi-bin/articles/200805301249086314V.html

Thanks driver. Some very good looking grades there. Much better than the last one.

Zero reaction so far though - has everyone gone to lunch?

If this was the TSX or ASX it would probably be up 30% by now. Not so on the sleepy AIM/Plus. One trade lol!

This was an interesting bit too, I thought:

"Gold mineralisation at Kuikuinita occurs over a wide area defined by trenching and a limited drilling programme completed by a previous explorer. The gold is associated with massive sulphide mineralisation in the matrix of a brecciated and intensely altered andesite breccia. Intense carbonate alteration suggests that trenching and drilling to date has only investigated the edge of an extensive hydrothermal system. Exploration to date has focussed on gold mineralisation with a best drill intercept of 2.8 metres at 12.85g/t gold. However, the identification of chalcopyrite, galena and sphalerite in the massive sulphides also suggests that there is considerable potential for base metal mineralisation. This was confirmed by assays of a selected test interval which returned 2.74 metres at 2.2g/t gold, 774g/t silver, 1.9% copper, 12.48% lead and 0.7% zinc from 12.19 metres in drill hole KUDH-7. Further investigative work is planned."

Getting even more ridiculous now.

Market cap only just over 2m now, with 890kOz Au and 22.5MOz Ag JORC.

A few k sells knocks several 100k off the value of the company.

Takes the p*ss out of the whole thing.

Try not to worry about it.

It's the same with many companies at the moment due to the lack of liquidity. When the market starts behaving normally again, the sp of those companies who are doing OK will recover IMO.

driver, relishing. I noticed large drop today as all oil gas and resource companies are on my watchlists. The drop seems to be mm induced and dosn't seem to reflect the increased JORC estimates and true potential value for this company.

From experience the markets don't like to add any real value into the sp until the companies are in production and achieving set targets. As Condor aren't going into production until 2009 and they are still awaiting permits, do you consider that this company is worth stake building over the next six months or so.

I look forward to reading your thoughts and may make a decision later in the month. Good luck and thanks in advance for your input.

With no takers mm's moving sp back up, how bizare. I shall have to wait for the next fall, and there will be one, just don't know when.

Bizarre is certainly the word. Often it seems as though the MM's operate in reverse in this stock, they take stock at say 1.75p and then sell it on for 1.5-1.6p. The way they move the price on minimal trading is also odd. Its an illiquid stock, which I suppose makes it one to accumulate on the drops and hold with a longer-term view.
This stock can also move up for no apparent reason as well as down. A common characteristic with both directions of movement is that the bid can instantly become the offer or vice-versa, unlike most other stocks.
E.g. One minute it is 1.75-2.0, next 1.5-1.75, or 2.0-2.25.
They also often appear to move up on sells and down on buys!

less than 1.5p.....any much less and its gone

Its depressing this but there's little point in giving shares back at this price. This stock seems to move around quite erratically on very low volumes so it could easily go back to 2p on a bit of buying, or even selling lol.

Oilyrag,
could this be the fall back in SP that you were waiting for?

Looks like a possible success story here after the long wait.

RNS Number : 1102J
Condor Resources PLC
27 November 2008



Condor Resources Plc
7th Floor
39 St. James's Street
London
SW1A 1JD
Telephone +44 020 74081067
Fax: +44 020 74938633



27th November, 2008

Condor Resources Plc
(''Condor'' or ''the Company'')

Exploration Update for Nicaragua
Hightlights
Trench intercepts of 5 metres at 37.2g/t gold and 4 metres at 6.62g/t gold.
413 metres of trenching and 70 metres of mine adit channel samples.
600 metre strike length of gold mineralization confidently delineated 300 metres from the Arras Resource on the parallel San Albino structure.
5,000 metres strike length of gold mineralisation confidently delineated within 15 kilometre long corridor for the Segovia Project, within which 2 or 3 parallel gold mineralised structures commonly occur. Combined strike length likely to be 20 to 30 kilometres.

are they still having permit troubles? no good having all that gold in them thar hills if not allowed to dig it up.

edited: permit delays in El Salvador not Nicaragua

Surprised theres no comment today.

This is a ridiculous p!ss-take of an offer.

You must vote against this joke.