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/

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!