Chris Heminway, Exec-Chair at Time To ACT, explains why now is the right time for the Group to IPO. Watch the video here.
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Good to have an up day - looking forward to many more
Yellowstuff
Seems to be interest in CGNR over the weekend with a number of comments on social media, suggestions the company may be talking to new prospective partners, something the Prof hinted at in a recent interview.
Whichever way you look at this the share price is rock bottom and the sector is starting to bounce, the circa 45m shares are tightly held, as a result you can get disproportional share price moves on thin volume.
Probably worth a punt at current levels, price was 18p in Q4 last year.
Charles Arthur: I am free to cover some subjective elements which a NOMAD or compliance team would not allow.
Says it all, TL:DR
I see he still hasn't edited his article to correct the "JORC compliant total resource of more than 1 million ounces" to the actual 2017 resource of 517,000 ounces. Also no mention of the key technical issue that the gold is refractory and therefore very difficult at these low grades, which would at least bring a bit of respect to the article by speaking to the risks.
Great article thank you Fairview
Https://investingstrategy.co.uk/mining/investing-strategy-the-conroy-gold-edit/
Your theory that more drilling = multibag breaks down when you consider they just spent a massive €5 million on drilling and the share price is the lowest its been since July 2020. Results have been poor and don't support the overstated potential as hyped by the company and its roast dinner promoters.
All that's needed here is a commitment to drill. This could multi bag very quickly. If they have the interest of majors and Demir want to kick the can down the road then let someone else take over.
How can anyone take them seriously about huge potential when they haven't updated their only resource in 7 years, despite lots of drilling. The "potential" is not manifested in results, hence the share price. More big talk without any substance, they need to raise funds.
Same old nonsense. The majors aren't interested in this and would never give them such a generous deal as Demir did. How
Trouble is the prof has been talking to majors. That's great but I want actions not words. I'm tired of hearing about potential. Get the rigs out there. Do 20,000m of drilling this year.
9 minutes into podcast
Listen to this podcast today , primarily about sister company Karelian diamonds but the prof goes on to speak about CGNR later in the interview.
https://audioboom.com/posts/8487820-midweek-takeaway-featuring-professor-richard-conroy-chairman-of-karelian-diamond-resources-aim
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.