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Lol.
CGNR has been going since the last century, never sold any gold, and its shareprice has plunged an astonishing -99.9% this century!
Well that's very big hearted of you. What about all the other AIM companies that promise things and never deliver. Do you post warnings on them too?
If this was all a big scam as you and others like to suggest then why did Demir sign a JV? They had access to all the data over the last 20 years. Are you suggesting that you understand gold mining better than them?
Maybe I am, but I just like to occasionally post so new potential investors can know they haven’t found a plucky early stage explorer, but a 20 year old gofundme campaign centred around the promise of a mine which never gets fleshed out.
Researching the facts they can better decide if a mine will ever be attempted or not and allocate according to the risk they see.
New investors need his help to make a choice? What a load of rubbish.
When the idea of a JV was floated the same knowledgeable fool was saying it wouldn't happen. Nobody would spend millions on a JV because the prof is making it all up isn't he. Wrong!
What we have here are bitter individuals who lost money and want to see the company fail.
‘The prof also said there are other interested parties if Demir didn't want to continue although I'd say that is unlikely.’
You are not suggesting surely that the prof fluffs up reality, so he can keep this going and pay himself with investors money, regardless of success or failure?
Maybe that’s why DS likes to point out the history of this thing, so new investors can make a choice and balance out the no brainier 10 bagger buy side analysis.
How many years have you been posting on cgnr? Is this your main hobby? Must be because you're always on here. You know you should probably see a shrink. How many years since you owned shares in cgnr? 5 years? 10 years? You are a total weirdo.
Best hope is Demir stick with it. Noone else is coming in on these grades.
The prof also said there are other interested parties if Demir didn't want to continue although I'd say that is unlikely.
30 November 2021:
"The primary focus of the joint venture project (the “Demir Export JV” or “Project Inis”) is the development of
the gold deposit in the Clontibret licence to construction ready status and bringing it into operation as a gold
mine.
The parties further aim is to also develop the Company’s Northern Ireland Licences and other licences within
the Longford –Down Zone to construction ready status."
Two years into the JV, no progress on the development of Clontibret has been announced. No resource update, despite thousand of metres of drilling since the 2017 JORC resource. Clay Lake drilling has failed to show grades of economic significance, and money appears to have been wasted on prospects already shown to have low potential. No review of the fantasy 8.8 million ounces. Nobody appears to be held to account, friends and family appointed to management positions.
By my reckoning they've either spent the phase 1 money or are very close. Personally I think Demir will be going to phase 2. There is more gold at Clontibret and who knows what might be at depth. Clay Lake is very big. They've hardly scratched the surface there. There were other targets mentioned back in September that are still to be drilled. Creenkill was a bit odd. Poor results yet they drilled some very shallow holes a year back that intersected gold. Where are the new holes? Why didn't they just extend the shallow ones deeper? I think Demir will want to continue.
@fairview - yes I keep telling myself it's all part of Phase 1 objectives - but still you'd like to hit something with decent grades - I mean it's great we're hitting gold everywhere but you wouldn't build a mine in any of those places basis the results - ok yes that's not the objective despite the Prof saying by the end of 2023 they'd have sites chosen - utterly stupid thing to have said at the time.
There has to be something in Phase 1 that's going to keep Demir into Phase 2, I'd like to know (from a geologist what that is). I guess the decision on Phase 2 must be coming up fairly soon though, right?
Totally agree that the last set of drill results were rubbish. Isn't that all part of phase 1 though? Test possible targets and rule them out if no good.
Admittedly these drill results are not exciting me - but I'd really like to hear from a geologist in the project, not the Prof C speel.
If Swanny still looks in here, basis his visit to the site recently and these results is he still feeling confident about the investment here?
I guess at these prices limited downside, given Demir paying for everything - I think their decision to proceed to Phase 2 will be illuminating.
The Demir cash won't run out. It's called exploration. They are drilling holes to see if there are new targets.
Is that world class? That’s what the prof says.
Can’t be long till the Demir cash runs out.
Sub-1 metre intersections at ⅓-½ a gram? FFS!
Share price wise nothing, markets speak, just don't think there's interest in these projects into days climate, look at solgold,
We are near the end of phase 1 of the JV. Moving to phase 2 will be a big milestone. Phase 2 should be more focused on the best targets rather than exploration.
I don't think you can say that cgnr have achieved nothing. Getting a JV partner to pay about €6 million over the last 2 years is something in itself.
Does Any1 actually think either of his company's going reward private investors both been going 4 10 years plus and continue dilute investors and produce nothing.
All the idiots turn up.
Two geologists on the board and two senior geologists in the managememt team.
The results speak for themselves.
They don’t have any Geologists on payroll I think. The prof of sleep, a hospital radiologist and a son in law for some reason.
Would like to hear from a CGNR geologist on these results, not the Prof.
Drilling ‘results’?!
Never seen such a laughable dreadful set of results for a so-called ‘discovery’.
That RNS seems to of fiinshed everyone off.