Recent Insider Transactions Derivative • Jan 14
Independent Non-Executive Director exercised options to buy UK£97k worth of stock. On the 13th of January, John Stalker exercised options to buy 300k shares at a strike price of around UK£0.23, costing a total of UK£69k. This transaction amounted to 63% of their direct individual holding at the time of the trade. Since June 2024, John's direct individual holding has increased from 376.89k shares to 476.89k. Company insiders have collectively bought UK£201k more than they sold, via options and on-market transactions, in the last 12 months. New Risk • Dec 02
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of British stocks, typically moving 7.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-UK£3.2m free cash flow). Earnings have declined by 5.8% per year over the past 5 years. Revenue is less than US$1m. Minor Risks Share price has been volatile over the past 3 months (7.5% average weekly change). Shareholders have been diluted in the past year (9.0% increase in shares outstanding). Market cap is less than US$100m (UK£58.8m market cap, or US$74.3m). New Risk • Sep 27
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -UK£3.2m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-UK£3.2m free cash flow). Earnings have declined by 5.8% per year over the past 5 years. Revenue is less than US$1m. Minor Risks Shareholders have been diluted in the past year (9.1% increase in shares outstanding). Market cap is less than US$100m (UK£43.4m market cap, or US$58.1m). Recent Insider Transactions Derivative • Jul 16
Independent Non-Executive Chairman exercised options to buy UK£71k worth of stock. On the 12th of July, James Mellon exercised options to buy 300k shares at a strike price of around UK£0.22, costing a total of UK£66k. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. Since September 2023, James' direct individual holding has increased from 43.10m shares to 53.10m. Company insiders have collectively bought UK£1.1m more than they sold, via options and on-market transactions, in the last 12 months. New Risk • Jun 14
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of British stocks, typically moving 7.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 7.2% per year over the past 5 years. Revenue is less than US$1m. Minor Risks Less than 1 year of cash runway based on current free cash flow (-UK£3.4m). Share price has been volatile over the past 3 months (7.2% average weekly change). Shareholders have been diluted in the past year (13% increase in shares outstanding). Market cap is less than US$100m (UK£46.3m market cap, or US$58.8m). Recent Insider Transactions • Jun 06
CEO & Director recently bought UK£52k worth of stock On the 5th of June, Mark Child bought around 235k shares on-market at roughly UK£0.22 per share. This transaction amounted to 5.2% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Mark's only on-market trade for the last 12 months. Duyuru • May 19
Condor Gold Plc, Annual General Meeting, Jun 28, 2024 Condor Gold Plc, Annual General Meeting, Jun 28, 2024. Location: 7 8 innovation place, douglas drive, surrey, gu7 1jx, godalming United Kingdom New Risk • Mar 25
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-UK£5.0m free cash flow). Earnings have declined by 14% per year over the past 5 years. Revenue is less than US$1m. Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Share price has been volatile over the past 3 months (7.6% average weekly change). Shareholders have been diluted in the past year (11% increase in shares outstanding). Market cap is less than US$100m (UK£51.5m market cap, or US$64.8m). New Risk • Feb 18
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of British stocks, typically moving 11% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-UK£5.0m free cash flow). Share price has been highly volatile over the past 3 months (11% average weekly change). Earnings have declined by 14% per year over the past 5 years. Revenue is less than US$1m. Minor Risks Shareholders have been diluted in the past year (11% increase in shares outstanding). Market cap is less than US$100m (UK£47.5m market cap, or US$59.8m). Recent Insider Transactions Derivative • Dec 21
Independent Non-Executive Chairman exercised options to buy UK£1.7m worth of stock. On the 15th of December, James Mellon exercised options to buy 7m shares at a strike price of around UK£0.15, costing a total of UK£1.0m. This transaction amounted to 15% of their direct individual holding at the time of the trade. Since December 2022, James' direct individual holding has increased from 36.44m shares to 43.10m. Company insiders have collectively bought UK£3.0m more than they sold, via options and on-market transactions, in the last 12 months. Duyuru • Sep 13
Condor Gold plc Announces Kate Harcourt Retired as A Non Executive Director of Condor Gold and Will Leave the Board with Immediate Effect Condor Gold Plc announces that Ms. Kate Harcourt has retired as a Non Executive Director of Condor Gold and will leave the Board with immediate effect. The Board thanks Ms. Harcourt for her substantial contribution during the last eight years. Recent Insider Transactions Derivative • Jul 10
Independent Non-Executive Chairman exercised options to buy UK£1.6m worth of stock. On the 10th of July, James Mellon exercised options to buy 7m shares at a strike price of around UK£11.69, costing a total of UK£78m. This transaction amounted to 231% of their direct individual holding at the time of the trade. Since September 2022, James' direct individual holding has decreased from 26.84m shares to 9.56m. Company insiders have collectively bought UK£78m more than they sold, via options and on-market transactions, in the last 12 months. Duyuru • Feb 18
Condor Gold Plc, Annual General Meeting, May 10, 2023 Condor Gold Plc, Annual General Meeting, May 10, 2023. Board Change • Dec 02
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 2 highly experienced directors. Independent Non-Executive Director Ian Stalker was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Breakeven Date Change • Nov 16
Forecast breakeven date pushed back to 2024 The analyst covering Condor Gold previously expected the company to break even in 2023. New forecast suggests the company will make a profit of UK£52.9m in 2024. Average annual earnings growth of 91% is required to achieve expected profit on schedule. Price Target Changed • Apr 27
Price target decreased to UK£0.88 Down from UK£1.05, the current price target is provided by 1 analyst. New target price is 189% above last closing price of UK£0.30. Stock is down 34% over the past year. The company is forecast to post a net loss per share of UK£0.014 next year compared to a net loss per share of UK£0.017 last year. Price Target Changed • Jan 19
Price target decreased to UK£0.85 Down from UK£1.05, the current price target is provided by 1 analyst. New target price is 174% above last closing price of UK£0.31. Stock is down 41% over the past year. The company is forecast to post a net loss per share of UK£0.02 next year compared to a net loss per share of UK£0.012 last year. Price Target Changed • Sep 01
Price target decreased to UK£1.05 Down from UK£1.30, the current price target is provided by 1 analyst. New target price is 138% above last closing price of UK£0.44. Stock is down 14% over the past year. Recent Insider Transactions Derivative • Jan 28
Lead Independent Director exercised options to buy UK£766k worth of stock. On the 27th of January, James Mellon exercised options to buy 2m shares at a strike price of around UK£0.31, costing a total of UK£485k. This transaction amounted to 8.3% of their direct individual holding at the time of the trade. Since March 2020, James' direct individual holding has increased from 14.74m shares to 18.73m. Company insiders have collectively bought UK£1.1m more than they sold, via options and on-market transactions, in the last 12 months. Is New 90 Day High Low • Jan 04
New 90-day high: UK£0.54 The company is up 21% from its price of UK£0.45 on 06 October 2020. The British market is up 10.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Metals and Mining industry, which is up 24% over the same period. Is New 90 Day High Low • Dec 11
New 90-day high: UK£0.52 The company is up 4.0% from its price of UK£0.50 on 11 September 2020. The British market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 17% over the same period. Is New 90 Day High Low • Oct 21
New 90-day low: UK£0.41 The company is down 13% from its price of UK£0.47 on 22 July 2020. The British market is down 4.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is flat over the same period. 