Roundtable Discussion; The Future of Mineral Sands. Watch the video 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.
You waste all this time posting on here for £500. What a loser.
All your points are ********
Explorers raise money for exploration. Haven't done much? What a dumb comment. Why do you think Demir signed a JV if they haven't done much.
County Armagh and Monaghan are well known mining areas. Gold mining will bring lots of income and investment to the area. CGNR have good community relations.
You're a complete joke. Haven't you got anything else to do. Oh I forgot you're helping people aren't you. Those poor fools can't make their own mind up.
Still you need to balance out all the talk of no brainer 10 bagger don't you? Except it's you that keeps saying it you idiot.
Hi Edochan. I lost about £500 over 20 years ago. Approx as my paperwork is long burnt. Was about 1500p a share or something, split adjusted.
So you can see, no particular amount of burning to make me bitter. In the following years I just posted here occasionally to share my thought of how an owner company can use the market to raise capital to pay themselves without really doing very much.
Yes they have a partner now, but I think it's worth potential investors considering how likely it could actually be to dig up vast tracts of ireland just for gold. In the period since I invested, pollution from and care and maintenance of tailings dams has become a recognised issue. I really think the residents will fight any application so hard it will cost millions, and years, and if they don't have the grades, the resulting mine profits would not cover the costs of appeal.
Dalradian is up to 100m I think fighting their application. The public consultation began in 2016, 8 years ago. Next appeal date is set for this year. 50,000 objections.
Just stuff to consider before going all-in on the no brainer 10 bagger.
https://www.belfastlive.co.uk/news/northern-ireland/dalradian-gold-public-inquiry-dates-28617378
DS & MM how much did you lose on this stock...its painful to contemplate that this will be now successful isn't it?........we all make mistakes and learn.
Bottom line is there's going to be at least 2 mines, maybe more. If Demir want to do it fine, if they want to time waste get someone else in.
You sad *****
They already have a partner spending millions. Don't see anyone else being interested based on results, or it would have to be at a lower valuation in which case CGNR would be diluted even further. Can't see it.
Unrealistic to claim "Clontibret could be mined with open pit straight away". Inferred resources have not been upgraded, there is no feasibility study (not even a current scoping study), there are no capex or opex costs, there is no planning permission. 10 years away minimum. Planning alone takes years. This is where the market is so may as well have realistic expectations.
Investors have to hope Demir commits to next phase to provide lifeline, and this happens in time to be a platform for the next placing - time is running out.
CGNR may have to bring in an additional partner. It's as simple as that. Clontibret could be mined with open pit straight away. Clay Lake has massive potential. Demir might be going slow hoping they can get a cheap buyout. Who knows.
You both talk out of your ****. You're a couple of sad individuals. All your deramping will achieve nothing. Maybe you can be mates when your pathetic little campaign fails.
Maybe Demir are going slow because an astonishing 30% of Ireland and similar percent of N.Ireland have prospecting licences on the land. They ain't going to allow all those mines. If Demir are not getting eye watering grades, it just won't be worth the fight to be one of the few permitted to extract. Supply and Demand.
https://igi.ie/assets/uploads/2021/03/Mineral-Exploration-In-Ireland.pdf
Pretty sure Demir, if they proceed, will do so on their own terms! There's a good reason why they haven't gone all-in at Clontibret, or any other location.
As part of phase 2 sign-off cgnr should draw up some contract on timescales if they haven't already. It's just not acceptable for Demir to be drilling a couple of thousand metres a year when gold is at an all time high.
What will you do when phase 2 starts loser? Still post your **** on here. What a sad case.
Hope you are right although it's not assured.
Investors are in the dark without a resource update and without a single diagram to show how exploration results relate.
Heading for phase 2 moron.
Erratum: €325k
€355k per year into the household from CGNR alone. Then there's whatever the other family members take from their jobs in the family business.
Laughing all the way to the bank and you think I'm a moron?
That moron said the JV wouldn't happen until it did. He's clueless.
Try looking at the annual reports for both CGNR and KDR. For the 2023 financial year:
Richard Conroy: CGNR: €201,470. KDR: €85,000. Total = €286,470
Maureen Jones: CGNR: €124,374. KDR: €60,000. Total = €184,374.
Would love to hear anyone justify this level of comp given the financial position and performance of these companies.
I've seen the usual posters continually talk about this being purely a lifestyle company for Prof Conroy etc, where is the evidence of him talking excessive remuneration anyone? Also why would the Prof invest so much of his own fortune into this if its all a show?
Those posters who keep talking this down, are you short selling here or what are you standing to gain here?
Another **** that always turns up. All bought shares a long time ago and desperate to see new investors lose to make themselves feel better.
How many fundraises and dilutions has this company had since the 1990s?... ;-)
Oh my god. What is wrong with you. You sit there reading through the results with your notebook. It's pathetic. Oh I forgot you are helping people.
As for your summary "Maybe they do move to phase 2". Do you realise how idiotic you sound? If they move to phase 2 it means Demir are going to spend another 5 mil. Why do you think they would do that? Do you think they would do that if they weren't happy with the results?
You lost money. Get a life loser and move on.
600,000 spent on operations in 6 months (doing what exactly, demir do it), 262,000 cash left. Dillutive cash raise within a few months.
Maybe they do move to phase 2, but that will just increase the burn and the dillution rate over time will make any future value irrelevant to current investors. The market has woken up to this and figured it's not worth it.
Moving to phase 2 soon you sad ******
People been saying for years that the market hasn't woken up. It's not hard to get out and make the market aware - companies do roadshows to brokers and analysts all the time, present at investor conferences etc.
They need to change their pitch and get serious. The directors can complain about the share price all they like, investors have absolutely nothing to work with here. A placing coming up just to raise more money to spend on salaries and corporate costs doesn't help the situation. A change in management is in order.
Wide intersections of gold at Clay Lake. Market hasn't woken up yet but will do eventually.