Trading the stockmarket (NO Referrals)

The TESCO chart is not working sorry. STAN looks within a range of high volume

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Like a lot of stocks both these shares are back to July 2009 prices which an important turning point at the time as companies released better results. They both could rise, Tesco chart shows support from that time and STAN is also 'supported'

I own STAN, I sold it last year about this time because it did well. Unfortunately I already bought it back this year thinking it was fair value, I will add a bit more here though I think.
Yield is 3.3% which it can afford imo





RE: a Gold bubble.
After USA debt was downgraded, the price rose. Thats a bubble where as gold has fallen plenty of times.
Miners as an index (^HUI) have not followed actual gold price (GLD) rises properly.

So you got one side where miners are definitely going to make more money but price doesnt rise and the other side where governments are losing so much money they may fail but their price is at the peak of a 30 year rise

When bonds do drop in price that 'wealth' will flood the cash prices of everything

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would have made 2p per share on Barclays if I bought them :(

Thats 100 quid.

Wheres the best place to start on something like this? Is it to do it with one of those web bookie type things, sharedax or whatever they are called?

Or do I phone up my bank and tell them i want to buy x amount of shares in this company and they do it? Are these things instant? Also surely someone takes a cut of what you spend/make on selling? Is there a middle man in all of this?
 
Open a share dealing account, plenty of info where and how in this thread.#

You would have not made £100 if you factor in stamp duty and fees.
 
mehuk said:
would have made 2p per share on Barclays if I bought them :(

Thats 100 quid.
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You need to look at risk / reward.

TBH £100 is nowt, as Si has said above if you take out £8 - £13 for the buy and the same again to sell plus stamp duty you might actually only be making £70 profit.

It's hardly worth the effort.

Things are looking up for my Gold miners this morning, lets hope the rises continue!
 
Dont look back in anger, classic mistake.
VGM is up 10% today on the back of this gold price rise I think, thats ok I hold some but I could have bought some at 70ish ,I said so here.

Just realising this stock was all in line for a rise. Still gold price could come down 20% and give me another chance, its a high cost mine not yet proven in investors minds

My charts were bad because they did a share split or something, this one adjusts it all by share base long term. Makes way more sense

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Seems going long on gold to $2000 is a no brainer?
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I dont own much physical. The main thing I see is a long term higher price (average). It could fall 20% and miners would still be cheaper then they should be, presuming they have large profit margins then why not.

VGM has a problem with its margins as they explore
 
I'm talking about just spreadbetting gold rather than buying actual stock.

I've been playing with my spreadbetting demo account. Gold is scary though as 1 point is $0.1 so it moves damn quick in the current market, however $2000 is 1200points away so if your brave, £10 a point could be a nice bet (or VERY expensive)
 
Have always been interested to give it ago, its abit too risky for me i think though and simply dont have the time to research that much without quitting my job.
 
Simon said:
I'm talking about just spreadbetting gold rather than buying actual stock.

I've been playing with my spreadbetting demo account. Gold is scary though as 1 point is $0.1 so it moves damn quick in the current market, however $2000 is 1200points away so if your brave, £10 a point could be a nice bet (or VERY expensive)
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I fancy going long on gold, but based on the recovery that seems to be going on today, and with the DJ looking like it is going to have a good day, Im selling gold today @£2 per point - currently £40 up, but not much work getting done as I daren't look away - it is too scary...
 
I think long term gold will climb and if other governments follow Chavez and bring their physical gold home, then gold will soar, but we will have to wait and see what he actually does and if anyone else actually follows his example
 
edgedemon said:
I think long term gold will climb and if other governments follow Chavez and bring their physical gold home, then gold will soar, but we will have to wait and see what he actually does and if anyone else actually follows his example
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Why would moving Gold you own around make any difference to the price of gold :confused:.
 
Spreadbetting is all about taking the money and running, another mistake Ive often made is to try and draw a line in the sand and actually apply principles to why its moving up or down, if its leveraged money you need to have a target to close and a stop loss, etc.
If its moving 1 dollar for every 0.1 it moves then that must be 10 ounces they just signed you up to buy or $19,000

Short gold also means you are long the dollar. I dont trade it, its a market subject to tidal waves of movement for whatever reason

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So magic numbers, 1897, 1870, 1840 and 1780 based on previous highs and lows on a weekly closing basis
 
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jmhduck said:
Why would moving Gold you own around make any difference to the price of gold :confused:.
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Becuase of the leverage and gold loaned out which applies for all the gold trades.
I will see if I can find the article, but there is a theory out there that the amount of gold traded/hedged/long is actually 100 times the amount of physical gold that the central banks hold..

Closed my short for the grand total of £13.72 profit :D
Thought about going long, but decided to call it a day, too much jumping around..
 
Unexpected treat from CNR this morning. Thought I was going to be back in breaking even territory for a minute. Then rubbed the sleep from my eyes.

Need more coffee.
 
Noticed the 14% up, haven't read the RNS yet.

24thAugust 2011


Condor ResourcesPlc

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

Acquisition of the Espinito Mendoza Concession in La India Mining District in Nicaragua


Condor (AIM: CNR), the Central American gold exploration company, is pleased to announce that it has entered into a legally binding agreement to acquire 100% ownership of the 2 sq km Espinito Mendoza Concession (the "Concession") in the heart of the La India Gold Mining District (the "District").


Highlights:


· Condor acquires a 2sq km concession which hosts 513,000 oz gold at 11.1g/t to Soviet Classification in the middle of its existing concessions at La India Project.

· US$1,625,000 acquisition cost includes issuing US$275,000 worth of new ordinary shares at 9 pence each, a significant premium to the current share price.

· Acquisition of the concession consolidates Condor's control of 2.4m oz gold at 9.5g/t as defined in 1991 by Soviet sponsored programme in La India Mining District.

· 205,000 oz gold at 10.8g/t in the C1+C2 Soviet Classification expected by Directors to convert subsequently to a JORC Inferred Resource without the need for further verification.

· Condor has already digitised 4,339 metres drilling and 1,595 metres trenching and handed to SRK Consulting for conversion to a JORC Code Resource.

· Acquisition compliments Condor's current JORC Code Resource of 1,029,000 oz gold at 5.4g/t (832,000 oz attributable) in La India Mining District

· Acquisition increases commercial viability of La India Project and takes Condor a step closer to its target of a 2m oz gold resource to JORC Code in the District.

Note:

Unless otherwise stated, all references to resources in this announcement in respect of the Espinito Mendoza Concession are to non-JORC / non-AIM compliant historic resources, the estimates of which were previously prepared to Soviet GKZ classification.

The Acquisition

The Concession lies within Condor's 80% owned La India and Espinito San Pablo Concessions (together 'La India Concession') and contains the last significant known gold mineralisation within the District that was not previously under Condor's control. With over 3.8km of gold mineralised veins already defined, including historic underground mine workings along a 500m strike length and the northwestern strike extension of Condor's Tatiana Resource, Soviet sponsored exploration in the late 1980's concluded that the Concession area has a Soviet GKZ style resource of 513,000 oz gold at a grade of 11.1g/t. Of this amount 205,000 oz gold at 10.8g/t was assigned to the more confident C1+C2 category, the remainder being in the P1 category which describes the anticipated return on exploration of targets identified at surface.The Agreement follows several months of negotiation and increases Condor's concession holdings to incorporate 98% of the District's entire gold resource of 2.4 million oz gold at 9.5g/t as estimated by the Soviet's to Soviet GKZ classification in 1991.


The Agreement

Condor and EmpresaMinera La Mestiza S.A. ("Mestiza"), together (the 'Parties") executed an Agreement on 18th August 2011 to transfer 100% of the Concession to Condor's wholly owned Nicaraguan subsidiary, Condor S.A. A consideration of US$1,625,000 will be paid as follows:

1. US$250,000 on signing the Agreement

2. US$100,000 on approval of the transfer of the Concession from Mestiza to Condor S.A. by the Director General of the Department of Mines, which will be paid as a loan

3. US$275,000 by way of issuing new shares at 9 pence each to the value of US$275,000 on approval of the transfer of the Concession from Mestiza to Condor S.A. by the Minister of Energy and Mines. US$100,000 will count as a loan

4. US$250,000 on approval of the transfer of the Concession by the Minister of Energy and Mines..

5. US$250,000 12 months after signing the Agreement. US$100,000 will count as a loan.

6. US$250,000 24 months after signing the Agreement. US$100,000 will count as a loan.

7. US$250,000 36 months after signing the Agreement. US$100,000 will count as a loan.


In addition to the above payments of US$1,625,000, of which US$1,025,000 is in cash and shares and US$500,000 is by way of a loan, Condor has committed to complete a 5,000 metre drill programme on the Concession within 48 months of signing the Agreement, which will cost approximately US$1,000,000.


By the 4th anniversary of executing the Agreement, Condor will engage an independent geological consultant to conduct a JORC-Code compliant Mineral Reserve estimation on the gold mineralisation contained within the Concession. Mestiza will be paid a bonus (the "Bonus") of 1% of the gold price at the time of the reserve estimation for every ounce of gold in the JORC-Code compliant Proven and Probable reserve category, defined within the Concession area. The loan of US$500,000 referred to above will be deducted form the Bonus. Also an additional bonus of 1% of the value of each additional ounce of gold from the Concession catalogued as proven or probable will be payable on the fifth anniversary of the Agreement


The payment considerations outlined above includes the freehold land of approximately 2 sq km which hosts the Concession. The freehold land will be transferred, with no further payment, prior to payment of the Bonus.


In the event that a large commercial mill is built on one of Condor's concession in the District, Mestiza will be entitled to a net smelter royalty of 2.25% of the gold extracted from the Concession.


Geology

The Espinito Mendoza Concession covers a rectangular 2 sq km area containing one of the highest concentrations of epithermal veins in theDistrict. Four parallel quartz veins have already been tested at surface through extensive trench sampling by a previous explorer, with gold mineralisation demonstrated over a combined strike length of approximately 3.8km. As elsewhere in the District, the gold is low sulphidation epithermal mineralisation contained within quartz veins, breccias, stockwork zones and fault gouge clay, hosted by a Tertiary felsic to andesitic volcanic sequence.


Historical Mining

Of the four principle veins, Tatiana, Espinito, Jicaro and Buenos Aires (sub-divided into the offset and overlapping Buenos Aires 1 and 2 veins), only the Espinito Vein was historically exploited as a satellite mine to the main La India and America-Constancia underground developments between 1938 and 1956. All the gold was processed at the central La India Mill which produced an estimated 576,000 oz gold at an average grade of 13.4g/t during that time. It is not known how much of this production came from the Espinito workings which exploited a 500m strike length from two development levels. In addition to the principal veins a number of linking or cross-cutting veins have also been shown to host gold mineralisation but have not yet been assessed by drilling or underground workings.


Previous Exploration

The bulk of the modern exploration data available on the Concession area was undertaken as part of a District-wide Soviet sponsored exploration and resource evaluation between 1986 and 1990. They completed 32 drillholes for 3720m, and over 1595m of trench sampling at 114 locations on the Concession area, representing approximately 30% of their total exploration activity in the District. The Soviet study estimated that the Concession contained a Soviet GKZ style resource of 205,000 oz gold at 10.8g/t at C1+C2 category, with the potential for a further 309,000 oz gold at a grade of 11.2g/t at P1 category, giving a total Soviet-GKZ style resource of 513,000 oz gold at a grade of 11.1g/t.The Soviet-sponsored programme concluded that the entire District potentially contains 2.4 million oz gold at 9.5g/t. Thus the Concession was estimated to contain 21% of the Districts gold resource, with a further 77% within Condor's 80% owned La India Concession and the remaining 2% on an adjacent concession currently owned by a Cooperative of small miners.It is noted that the Soviet Estimation did not include areas to the North and East of the historical mining centre such as Condor's Cacao, El Rodeo and Real de la Cruz concession areas that are now known to host significant gold mineralisation.


Subsequent to the Soviet sponsored exploration there have been two brief periods of mine development and exploration activity undertaken by Canadian companies. In 1996-1997 Canadian miners Diadem Resources Ltd initiated a pilot mining project on the concession, re-opening part of the Espinito Mine and driving a cross-cut adit over 80m into the side of a hill and excavating short drifts along the Buenos Aires 1 and 2 veins at a location where the Buenos Aires Vein(s) is offset and overlapping, and intersecting a third parallel vein which was interpreted as either the underground continuation of the Jicaro Vein or a new vein which has no surface expression. Diadem reported high grade assay results of between 8 and 12g/t gold from all of these veins, but ceased development operations in 1998 at a time when the gold price dropped below US$300 per ounce. In 2007 the then operators of the nearby El Limon Mine, Glencairn Gold Corporation, held the concession rights to the Concession. They undertook limited exploration activity, re-sampling five of the Soviet trenches and excavating one new trench on the Tatiana Vein to successfully repeat and verify the intercepts reported in the Soviet study, and completing three drillholes for 619m on the Tatiana Vein.


Work Programme

Condor has already digitised the large database of Soviet and Canadian exploration data for the Concession. It is easily integrated into Condor's existing database for the District since the data is derived from the same historical sources. The company will commission an initial 3D Mineral Resource Estimation to JORC standards to fully integrate and assess the Concession within the context of the wider existing Resource of 1,029,000 oz gold at 5.4g/t currently defined by Condor in District (832,000 oz gold attributable interest; 791,000 oz gold at 6.4g/tthrough its 80% equity interest in the Project and 41,000 oz gold at 1.2g/t on the 100% owned Cacao Concession). It is anticipated that the previous explorers data on the Concession will add a significant strike extension to the current Mineral Resource of 101,000 oz gold at 7.3g/t on the Tatiana Vein as well as adding new resources on the Espinito and Buenos Aires veins which have all been trench and drill tested, and in the case of the Espinito Vein also contains high density historic underground mine grade control sampling data. Further drilling will be planned based on the outcome of the Mineral Resource Estimation and the feasibility of re-opening Diadem's Adit will be assessed with a view to underground sampling the three exposed veins.


Mark Child, Executive Chairman and CEO of Condor Resources plc, commented:


"The acquisition of 100% of the Espinito Mendoza Concession completes the acquisition of all concessions in La India Mining District that host a total of 2.4m oz gold @ 9.5g/t to Soviet Classification. Condor's previous experience of converting the Soviet resource to JORC Code on La India Project is that the Soviet category C1+C2 resources, which have a higher level of certainty, can normally be converted to a JORC Inferred Resource without the need for further verification.The Directors currently expect that approximately205,000 oz gold at 10.8g/t to Soviet C1+C2 classification should be readily converted to a JORC Code Inferred resource and if so, subsequently be added to Condor's existing JORC Code Resource of 1,029,000 oz gold @ 5.4g/t (832,000 oz gold attributable) in the District. Half the C1+C2 resource on the Concession is on the Tatiana Vein. Condor has already digitised the 4339m of drilling and 1595m of trench sampling completed on the Espinito Mendoza Concession and passed this data to SRK Consulting who will be asked to convert to a JORC Code Resource before 31st December 2011.


From a strategic perspective, acquiring a 2 sq km concession, which hosts one of the highest concentration of 4 parallel epithermal veins in the middle of Condor's existing concessions makes imminent sense as several of the larger veins; notably the Espinito and Tatiana Veins cross La India and Espinito Mendoza concessions making potential extraction of gold from these veins more feasible when owned by one company. It increases the commercial viability of La India Project"


Competent Person's Declaration


The information in this announcement that relates to Exploration Results and database is based on information compiled by and reviewed by Dr Luc English, the Country Exploration Manager, who is a Chartered Geologist and Fellow of the Geological Society of London, and a geologist with sixteen years of experience in the exploration and definition of precious and base metal Mineral Resources. Luc English is a full-time employee of Condor Resources plc and has sufficient experience which is relevant to the style of mineralization and type of deposit under consideration, and to the type of activity which he is undertaking to qualify as a Competent Person as defined in the June 2009 Edition of the AIM Note for Mining and Oil & Gas Companies. Luc English consents to the inclusion in the announcement of the matters based on their information in the form and context in which it appears and confirms that this information is accurate and not false or misleading.


- Ends -

For further information please visit www.condorresourcesplc.com
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