Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
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Wow, €5.5 million spent and very little to show for it. Grades of 0.5, 0.6, 0.7 g/t in sulphide (probably refractory) won't cut it. Would be helpful if the company clarified what makes these results "excellent". Reference to "high tonnage" in the last announcement will certainly not appeal to sophisticated investors since a high tonnage proposition is not investible at this location.
Investors will be hoping for evidence of high grades in drilling in 2024 because 2022 & 2023 have been extremely disappointing.
Https://audioboom.com/posts/8421474-12-stocks-for-the-12-days-of-christmas-featuring-professor-richard-conroy-chairman-and-kevin-mcn
Not exactly committed to JORC update anytime soon. Or not publicly at least.
Not much more to spend in phase 1 fortunately. I think they've just about spent the €5.5m. Should get some more drill results soon. Phase 2 can't be far away. Maybe we get some proper drilling then. Demir will have their 25% so maybe more incentive to get things moving.
Mole_man99 thank-you....I must admit I was testing you.....lol I was in back then and suffered the loss of over £100k (probably £300k or more in today's money) by staying too long as a Long Term Investor.
fairview, I too am interested in the now and would love to make a profit ....about 100xbagger would just about do it......sadly I expect that past performance is indicative of future performance.....of course penny shares and AIM is not limited to CGR/CGNR.
Here's a link to your chart mole_man99......I see £33.25 equivalent per share March 2001
GLA
https://finance.yahoo.com/quote/CGNR.L?p=CGNR.L&.tsrc=fin-srch
Fascinating. I'm interested in 2024.
Found an old chart. 2000p not 4000p. 1:100 reverse stock split in 2015.
Was Conroy Diamonds and Gold back then. Charts tend to cut off around 2011 for cgnr when they changed their name. Same company though.
CGNR has had various reverse splits, so the effective price back in early 2000's was around £40 a share. Yep, it's lost that much.
Mole_man 99....you say 4000p you got out......please explain?
Very very positive at AGM seems like Demir are in all the way including putting mines up . 2 district gold areas .More drilling been done over past few weeks just waiting on results.
Demir are still with us!!!....you can not ignore that..so you have to ask yourself dos anybody on here know more than Demir ...i dont think so
High tonnage open pit mine at Clay Lake. Mine at Clontibret and probably several more. You lost money when the shares fell and you'll make nothing when they start rising. A total loser.
By everywhere you mean they have drilled 7,000 metres and reported gold in all of those holes?
Everywhere they drill they encounter gold. Considering how few holes they've drilled it bodes very well. Roll on 2024 and more good news.
See McKinsey, Exhibit 4. https://www.mckinsey.com/industries/metals-and-mining/our-insights/refractory-gold-ores-challenges-and-opportunities-for-a-key-source-of-growth
Global average refractory gold cost $47 per tonne. That was in early 2021 so high inflation since, and UK would be significantly higher than global average for energy and labour costs. But even keeping it at $47 and assuming an extremely generous 90% recovery that is equivalent to 0.8 g/t. That's to break even, never mind pay back the very high capex for a high tonnage POX operation.
So it doesn't matter how wide your intersections are, at the reported grades it will never work.
That's before you try to permit a large open pit in County Armagh. Good luck with all of that.
Wide gold intersections. Near surface. Ideal for open pit mining.
So name calling is your response to being challenged on the quality of the results. Not surprising. The market response says it all.
Oh dear the fools are getting worried. Their sad campaign against cgnr is going to fail. There is a lot of gold at Clay Lake and we are starting to see it now.
Fail to see how anyone could be happy at all with 7,000 metres of drilling with hardly any economic intersections to show for it.
Why would they be "very happy" with these grades fairview?
Moleman's drivel and warnings to new believers have come through for 3 years now. I am glad though I got out at 4000p with a small loss, many many years ago.
load of *******s from moleman as usual. another bitter fool. meanwhile i'm sure demir are very happy with what the are seeing.
It's been a broken system for some time now but having a nomad sign off on the company's statement that these results are "excellent", and not provide investors with any meaningful context for the results is symptomatic. Anyone on here who thinks sub $20 grades are any good is deluded.
Prof still on the Blarney I see, talking up lowly results to keep hope dangling over shareholders.
The Irish gov get money for issuing licences. It is no skin off their nose to let someone run around and drill some holes. When it comes to mine permitting though, they will never be allowed to dig up enough green fields to make economic extractions at these grades.
There's been a number of wide intersections at Clay Lake now. All looking good for 2024