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Condor Resources Inc V.CN

Alternate Symbol(s):  CNRIF

Metals & Mining Industrial Metals & Minerals
Condor Resources Inc. is a precious and base metals exploration company focused on its portfolio of projects in Peru. The Company’s flagship Pucamayo project is located 185 km southeast of Lima and covers an area of approximately 85 square kilometers (km2). Its other project includes Chavin, Soledad, Quriurqu, Huinac Punta, Humaya, Andrea, San Martin, Quilisane, Rio Bravo and Cobreorco. The Chavin property covers an area of over 14 km2 within the central Andes mineral belt in northern Peru and is host to a polymetallic vein system. The Company’s Soledad property is located in the Cordillera Negra metallogenic province in the central Peruvian Andes. The Quriurqu property is located in the Department of Ancash, northern Peru approximately 10 km south of the Soledad project. The Huinac Punta is about 65 km south-east of the Antamina mine. The Andrea project is located in the south-central Andes, at elevations ranging from 4100 to 4600 m, approximately 480 km south-east of Lima.


TSXV:CN - Post by User

Condor Resources Inc > China in dire straits
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Post by Crashcomingsoonon Aug 17, 2023 12:54pm
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Post# 35593182

China in dire straits

China in dire straitsMy Comment:  RE is 25% of China's GDP and it is collapsing and affecting shadow banking. So, will China start massive stimulus to hod things together for a while longer?

Credit Bubble Bulletin : Weekly Commentary: Junctures and New Cycles
Excerpt:
. I have to assume the default strategy of burdening their overburdened banking system with more high-risk late-cycle loans will suffice until Xi Jinping has an epiphany (that it ain’t gonna work). At that point, the PBOC cranks up the electronic printing press. 


Clock Is Ticking Down On Stimulus Bazooka In China | ZeroHedge
Excerpt:
Local governments are indebted to the tune of almost $8 trillion, or ~45% of GDP, according to JP Morgan, much of it collateralized by land values. This was similar to the dynamic faced by Japan, where land values - which had been the focus of rampant speculation - collapsed, forcing corporates and banks to retrench and focus on repairing their balance sheets, causing demand and investment to crater.
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