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.
This should be worth a lot more. Clontibret alone is worth multiples of this share price. Gold is at levels not seen. Has there been any drilling this year? Why is there no communication about the JV? It's disgraceful.
There's that multibag nonsense again. It's why the prof has been able to keep the scheme going so long. Always fresh investors looking to lose money.
The rationale for a multibag are plain to see. The low marketcap versus the potential.The Conroy website should be read as the potential is obvious for a huge multibag. With investing one needs to realise the risk and look at the rewards. This deserves a place in a carefully calibrated portfolio of similar investments.
Demir exiting would be a disaster for CGNR shareholders. And for the Conroy family. They will be doing their very best to keep them in.
The value here could be amazing. Gold is setting records and all we get from this lot is silence. If Demir don't want to do a major drilling campaign at these prices then for ffs get another JV partner.
You keep trying to ramp it as a multibagger without giving any rationale. All the results are in the market, investors are unimpressed. What are the catalysts?
Deathstranding. I have asked you many times to disclose your vendetta against the Prof which goes back nearly 20 years,and you refuse to comment,why is that? I remember you saying the company would never get a JV partner,you were wrong then and you are wrong now. I know you lost out in a big way all those years ago,but that is history,and being so bitter and twisted can do you no good. Let go of your deeply entrenched feelings ,as you will feel much better for it...
Not credible, these "upside is huge, no doubt" and "really huge multibagger" narratives. Based on what? €5 mill spend by the JV. Nothing doing.
Upside is huge no doubt. They should be moving Clontibret forward as a mine right now. There should be multiple rigs drilling at Clay Lake right now. Demir need to get on with it or let someone else take over phase 2.
Both Irish governments have publicly stated that they would promote goldmines so with the gold price as it is this could be an unbelievable s.p. for entry into what could be huge,really huge multibagger.Risk to reward this is a great opportunity.
Gold still climbing and cgnr still silent. Is phase 1 complete? Get some news out!
If Demir sign for stage 2 I agree it will suggest they think there is a viable mine, but that is not the key issue here.
The main issue is that they will not get permission for a large gold mine in the area. 20 years ago they could of steamrollered the importance of a gold mine over the locals concerns, but the world has changed.
The environmental concerns will stop any large scale digging up of green land, especially as it is just for gold. There is no need to extract gold any more. There is enough to satisfy any important industrial need, and it would work much better as a store of value if miners stopped adding to the stock.
Golds stock to flow ratio is not good as an inflation hedge and store of value.
Just leave the gold in the ground and grow food on it instead.
They'll have to put out some news about the completion of phase 1 and plans for phase 2 this month surely. Gold is flying at the moment. They should have multiple rigs out there drilling.
That's why you sell on the exploration news,mainly drillling.
or buys on the lows,sells on the highs,you know the score.
explo comps are all the same,you can make good money,if you trade them,like some of you do,probably.
nitezzzzzzzz
bit like 88e next week,flow test news....if its good,sell on the news..
and bce,sometime during this month,flow rates....sell on the news.
CGNR has been in the exploring phase for decades...
Another 1-2 years for phase 2, another 1-10 years to deal with Nimby planning objections, a Northern Ireland state in total political chaos that could take years or decades to approve a new mine, many more shareholder placings likely to keep the show on the road, a ~90yo CEO, and it could be the 2030s or 2040s before any sellable gold is dug up. It could be half a century from start to commercial sale!
So it would appear.
Deathsranding
there's no feasablity type studies available bud
because cgnr is in the explpration stage,not the feasability stage.
Malcolm if they go to phase 2 with Demir or another large partner it's going to multi bag.
We have some absolute ***** on here that are going to be very upset. Can't wait.
Guess we'll learn more about what the intentions are if that happens. All it will show is they are willing to put more money in. There is no study yet to show that mining is viable.
If Demir sign up for Phase 2 it's a clear indication that they believe mining is viable. Surely you can see that!
....progress. Clontibret no further forward (doesn't work), Clay Lake too low grade (as per previous results).
€5 million is a huge spend to come away with no meaningful progr
That's right it is a game changer. The problem with Demir though is they're slow. Right from the start they have been mind numbingly slow. 12 months to drill 8 holes at Clay Lake. It's a joke. There is no reason that phase 2 couldn't be done in 12 months. Drilling predominantly at Clay Lake and Clontibret. That is the kind of commitment that is needed. That probably explains why they were at PDAC too. They have to make it clear to Demir that they have other parties willing to step in. The prof has already said that he is talking to people. If Demir can't provide written assurances that they are going to accelerate the work then they can exit with a net smelter royalty.
In what way? Phase 1 was to be transformational, and it wasn't
If Demir sign up for phase two it is a game changer.