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Condor Gold Ord Shs T.COG

Alternate Symbol(s):  CNDGF

Condor Gold plc is a United Kingdom-based company, which is a gold exploration and development company with a focus on Nicaragua. The Nicaragua projects include La India, Estrella, and Rio Luna. The Company’s principal asset is La India Project, Nicaragua, which comprises a prospective land package of 588 sq km (square kilometers) comprising 12 contiguous and adjacent concessions. The Estrella Concession covers an area of 18 square kilometer over the Estrella Gold Mine, located approximately 20 kilometers southwest of Siuna. The Rio Luna is an exploration project, which includes a concession, covering an area of approximately 43 square kilometer in the Central Highlands of Nicaragua. The Company has environmental permits for the Mestiza and America open pits respectively, both located close to La India. The Mestiza open pit hosts 92 Kt at a grade of 12.1 g/t gold. The America open pit hosts 114 Kt at a grade of 8.1 g/t gold.


TSX:COG - Post by User

Post by kcac1on Apr 20, 2023 8:32am
120 Views
Post# 35404799

Macro View on Nicaragua China Future

Macro View on Nicaragua China FutureThis very recent panel discussion on Al Jazeera TV appears to make it clear that China is already and going to continue to invest big $$$ in forging a close relationship with Nicaragu.  Another obvious case where US Foreign policies using sanctions have backfired.  They only force Sanctioned countries to forge relationships with China and Russia as well as Iran.

It appears to me, with China's love of gold, and the need for more physical gold to fund the Petro Yuan and with the money China is pouring into Nicargaua social prgrams and infrastructure, includng mentioning in this discussion of reopening talks of actually building the Grand Canal that China already had an exclusive 50 year contract if built.

There would be little if any poliitical risk for China to own business' in Nicaragua and with one of China's largest Gold Producers spending 8 days on site with Condor and Condor taking the group to an all day meeting with the Minsiter of Mining, I would be shocked if a Chinese company does not buy Condor. I also own Calibre, so this made me feel a little better as I think political risk for companies like Caliber decrease with China obviously moving quickly into Nicaragua and Ortega calling Taiwan "A Yankee Military Base".



Five years since a crackdown began, what's next for Nicaragua? | Inside Story - YouTube
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