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The zinc mine turned out to be a huge success and was a multibagger many,many times over.Anybody who invested in that made an absolute fortune.History could be repeated.This has hardly moved yet,the nearer we get to signing,the more this should go up.The 56p paid in march will soon look very cheap on signing..
Deathstanding.It was yesterday you said the agreement was dead and buried,you were wrong,were you not? Today we have confirmation of theagreement being very much alive.You seem to have a vendetta against the company and you seem to dislike the fact the Prof has a deal on the table.A very good deal. Both the Irish governments have stated they are very much in favour of the mine,and the Prof has very good relations with all the locals.He has gone out of his way to foster the relations,over many years..He is a former Irish government minister ,so has many contacts and friends to help with the planning.Not to mention ,that he has been through these same circumstances in Ireland when he started the zinc mine,so knows how to go about things.Demir are a very large company ,they will have made sure of the loose ends before confirming agreement,so they must be absolutely convinced of the case and the undeniable merits of the investment case.They will have a fair idea of the potential for multi million ounces.
Mole_man99, trying to explain a logical and fact based argument on this board seems like a futile undertaking amongst the spam and hype. I personally persevere because I think there is value in challenging misleading claims and overstatement of misrepresentation of the fact acutally announced by the company. For example, the reference to returning to previous highs of 46.5p - a high which lasted for several hours so could hardly be a credible refernce point for value.
It's interesting to observe in today's exchanges that nobody is actually discussing the technical merits of the projects, the technical or regulatory hurdles on the road to revenue, or indeed how Demir and their €10m investment might actually lift Clontibret from being a small, refractory gold deposit - whose development was stalled in 2014 with precisely zero resource ounces added since - to a commercial proposition. This is the challenge that's faced CGNR shareholders for years, and will continue to face those who actually care about resource development in Ireland. A €10m from a private Turkish business that nobody had heard of before February 2021 is all well and good but there has been no disclosure of how the proposed venture actually proposes to address the very clear technical and regulatory challenges facing this project.
Richard Conroy will certainly not be going on a charm offensive on the Irish public, as has been suggested on this forum, on the current technical footing for this project.
Thank you for your wishes. I shall watch with interest.
The game is on. You say £1 by January. I shall doff my cap to you sir and admit defeat if it is.
I would buy in Tangiro if it had good upside. In my bull case it's £1 in 16 years. Return not worth the risk for me.
Clearly many are not reading it, so I just highlight the main points for them.
Yes I suppose I am bitter at the prof. He has done a dreadful job, for those who bought in to his promises at £45, whilst paying himself and Margaret handsomely over multiple decades.
The deal for any shareholder from 2016 backwards is catastrophic. I imagine some legal actions are lining up.
Just how big this will turn out to be is something that remains to be seen.A market cap of 11 million is so undervalued,we will hopefully have millions of ounces of gold.Certainly ,Demir think we have.A company their size would not get involved if they were not supremely confident.The share price has still to fully appreciate what they are planning to sign.For too long the naysayers have cast scorn on the Proffessor.They forget the proffessor was responsible for discovering a zinc mine and a really major mutibag,in the past.Looks like history could repeat itself.
It's lucky we've got you mole_man. I'm sure everyone can read the RNS for themselves. The bitterness continues. You should have just bought shares.
CGNR won't have 42.5% by the time a mine is operating. Read the details. You'll either have to be dilluted to raise cash to stay in the game and cover the costs of actually building the mine, or do the carry loan route, which will leave CGNR with 25% up to 6 years after the mine has opened and started generating profits, assuming the profits are enough to pay back the carry loan.
Do some actual calculations or risk loading up on fomo and losing it over time.
42.5% of a major gold mine equals a lot of money!