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Especially with just a 500k JROC and 20m estimated, this is tremendously undervalued in terms of potential! ??
I have a feeling that the Professor would have jumped ship from AAZ only with a strong verbal agreement in place,In my opinion this is just about waiting for that verbal agreement to be transmitted to paper.This JVwill be the culmination of the Professors career and reputation.It will matter to him,so feel this will now happen.Risk to reward a great time to enter the share.
https://youtu.be/QBRWhTcbWkE
loading and loading while it's quite. Once the JV is concluded, it deriskes Conroy to increase there 500k JORC resource and expand to the continually mentioned 8.8 million Ozs and at 2.23 minutes into the video above up to 15-20 million Ozs
Conroy will be one other best investments of 2021 at 10mil Mcap when all of there past comes to fruition as the JV deriskes the years ahead potiencial all the way to building a district scale producing mine. Potentially life changing investment from these prices after the major offer from a fortune 500 company. All the best, PVS
€1m made payable on final approval of the definitive agreement. I would say we’re pretty close to that. No fund raising required for the time being.
€500k cash or cash equivalents at half year end, plus €70k of warrants, I think we’re ok for a little while.
Thanks for posting Positivevibes. Very interesting. A very gushing interview with The Prof. A bit OTT tbh. It DOES sound very positive granted. And I AM tempted to consider re-entering. HOWEVER I suspect the cash position is now a little tight. I can see another fundraising coming fairly soon. I'll maybe wait until thats out the way.....
But other than that looks good.
be terminating the discussions with them; that it had been a good deal, but this other one is so superior in every way that we just had to accept it. It’s an excellent deal, and if for example as we begin to increase, we believe, that there could be comparisons with the Fosterville goldmine deposit in Australia, and these are the sort of people who have the finance and have the know-how for us to be able to move quickly and accomplish, even a very large scale operation such as that. So we’re absolutely thrilled to have this approach and to have signed off that yesterday on it.
https://mobile.twitter.com/i/broadcasts/1MnGnlaBPlyxO
https://www.share-talk.com/conroy-gold-natural-reso-cgnr-l-new-joint-venture-loi/#gs.u1gvm3
MARK: Joining me on Stockbox today is the chairman of Conroy Gold, Richard Conroy – hello Richard, how are you?
RICHARD: I’m very well thank you, and how are you, Mark?
MARK: Yes, I’m good as well, Richard, it’s good to hear you’re very well, of course there was some news yesterday which I assume you are – you are quite pleased with
RICHARD: Absolutely fantastic news yesterday, it really is absolutely tremendous, such a great offer from them, such a major group, it really is a transformational moment for the company, it’s an excellent offer and we’re delighted to be working with them. It’s bringing in substantial sums of cash so things can proceed at a far greater pace. They have the structure, they have the ability, they have the funding, they have the know-how, so the deal is fantastic, it really puts us on the map, here we have a major partner, with the sort of financial resources which – which are quite enormous, and this is a fortune 500 company that is behind us. This is the Koc family, there actually own Demir Export, the mining company, they own, the family own it themselves, an immensely wealthy family, and for them to take an interest like that is just tremendous. It means the funds, in depth, are there, both to things rapidly, to do them very comprehensively, and to be able to if, for example, the Fosterville comparison turns out to be correct, well, they have the money to develop that sort of major mine. So it’s really tremendous, it’s really what we’ve been looking for, for many years, I – I must say, far greater than out hopes, so it’s fantastic. And we can, under the terms they’re offering us, we can in actual fact hold on to no less than twenty-five per cent of the mine, and they will provide us with the funds, to do so and take then back out of the profits of the mine, so it’s a very, very, very good deal indeed. They came to us and they offered it and make no if or buts about it it's a much better deal and they’ve got on with it, arranging it and so on.it it was a little bit of a difficult situation; people in the market, very understandably, looking for the news that we’d finally signed off with AAZ and we couldn’t say to them look, we’ve been approached by a far bigger player with a far better offer and we can’t say anything about it though until it’s signed! I can understand some people, in the market, being momentarily disappointed but if they look at it and consider it at all they’ll immediately realise it puts us in a totally different bracket – and we look forward very much now to driving ahean now with the clontibret deposit, and it will be quite a big deposit, but also with all the other aspects of the new district scale gold trend that we’ve discovered. It really is absolutely fantastic to have this and of course we had to keep this confidential that we had had this approach,, we couldn’t say anything about it, but obviously as soon as we signed it, we informed the AAZ people that we would, sadly,
Last minute suprise change of potential JV partner obvioulsy caught MMs unaware so they dropped it and I bet took loads of margin and stop losses out. Now everyone has read it and digested it properly the buyers are coming back. I reckon we will be re-test the year high in March! If I had the funds I would have topped up myself