We would love to hear your thoughts about our site and services, please take our survey here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
That is what we expect from you....i guess Demir must think the same!!!!
Such low grades are meaningless unless they can demonstrate that grades as low as 0.3 g/t are feasible. Presumably refractory like the rest of the district. The only reference we have is the Clontibret resource cut off of 1 g/t, which is already very low for refractory gold.
Rubbish.
Thats great news just what we have been waiting for Good job Conroy Gold and of course Demir Export for the j.v and drilling.GLA happy days
Wait for phase two in March with the JV - big year for the professor next year! IMO
Pretty wide intersections at very shallow depth.
I would love them to drill deep when they have enough data.
Good news being stored up for before the AGM in a few days?.....Time to get in before the crowds descend....
Open goal for cgnr with current gold prices if they can step things up a bit.
Meaningful results is what they are waiting for. 7,000 metres drilled and hardly any meaningful intersections reported (decent widths over Clontibret cut off grade of 1 g/t). Two years into the JV it's unconvincing.
Well I don't think it's unreasonable to be expect drill results every couple of months from now on. A dozen holes every time, not 1 or 2. Why not? What are they waiting for? Surely all the soil sampling and trenching is done.
Oh at least 12 I'd say - not that we'll ever find out about the drill results, lol
I wonder how many rigs are drilling? There were 2 at Clay Lake. There should be rigs at Creenkill and Glenish too but I don't know if there are or if the Clay Lake ones will move there.
Gold currently $2058
I incorrectly stated the financial position of the company in an earlier post. Cash at 31 May was €565k. Post year end they raised €465k so €1,025k. They spent €605k last year on opex so they don't need a working capital placing soon. Should see them through to the next financial year.
Nice presentation,shows just how much potential is not being priced in.....This is the time to invest....The bitter and burnt should have invested now rather than before when it was obvious the company was set with an uphill task.....now is the time to reap the rewards....But I think all investors in this company have a debt of gratitude for the pioneers such as Deathstranding ,who took the risks only to fail,so that the investors today are sitting pretty.....Yes a big thank you is deserved.....
The presentation of the results is wonderful. The results are old. What investors need is meaningful, new results to prove the potential as touted.
Ah! "non jv" cost for the year. So not Accounting for the £ millions and the excellent gold results that completely undervalues the company.
I think there would be a multitude of funding options should they be needed. The "non jv" costs as you put them are chicken feed in the grand scheme.
I think you missed the point of my post completely. If you have comment on the report and drill results and the gold in them there hills, I'll be glad to here them and discuss them. Great result, good gold content, looks positive for me.
Feel free to start another post with your subject as a heading should you wish to discuss further. Thanks.
Not missing anything. They report €605k in non-JV costs for a year, they had €560k in the bank at the end of May. If they are spending at the same rate, what do you think is going to happen?
So its a badly run lifestyle company now. I understood from your initial comment that you thought that, as a Classic lifestyle company, Conroy were good at it.
Don't sit on the fence DS, tell us what you really think of Conroy. 😀
All I've heard is that Conroy are funded from, and Demir are engaged. Results are there for interpretation. Gold is on the up!
Again, I hope you are wrong about your percieved situation of affairs.
@Banzai "Not sure Demir would be in it if it was a lifestyle company"
Demir couldn't care less about CGNR or its shareholders. I'm sure they would be very happy for CGNR to go into administration so they can pick up their other 75% cheap. The PLC is just an albatross around their neck, and the more badly run it is, the better for them!
I think you are missing the Demir funding and effort/expenditure? Not sure Demir would be in it if it was a lifestyle company. 🤔
It reads like progress to me, but thanks for your input. I hope you are wrong.
Costs of €605k, even with JV covering exploration costs. Only €560k cash in bank at end May so there will need to be a placing in Q1. €3.8 million owing. Classic lifestyle company.
Https://twitter.com/ConroyGoldplc/status/1730152947588182149?t=TuMhiSch-DFgWD4PxnfSLw&s=19
Gold price looking good. Huge opportunity for the JV if they can start getting drill results out. Even the Sunday Roast guys told them they had to improve comms.
6,000 metres drilled, zero resource ounces added. Not seeing the merits in any of these projects. There's been a good bit of post resource drilling now at Clontibret, but no resource update in 5 (or is it 6) years.....?
Yes I would prefer 4.5m of drilling in phase 1 and a resource upgrade too. I have been very unhappy with the speed of drilling. I just hope that we are turning the corner because they really need to get on with it.