Conroy Gld&nres Share Price (CGNR)

No hate, just disappointment in the results and how they are presented.

@DS: I'm not sure which you hate here? The company or the project? If you have no faith in management, that is easy. Replace! If it's the geology you don't believe, why bother even being here?

The positives: an active drill program, regular updates (just over a month since the last), some technical detail including a map.

The negatives: disappointing grades at depth*, failure to reach stated objectives, disintegration of the promised model testing into just more shallow in-fill drilling.

(* bear in mind, the true depths are actually quite shallow, and the hole bottom is at the very margin of the surface anomaly, so the low grades bear no relationship to the intended objective - the deep core zone of the mineral system - see below)

Whilst nobody can fault management for the vagaries of geology, the technical team have some explaining to do!

The latest hole is on the anomaly margin, drilling off target, and at 60° inclination reached a depth of less than 360m, probably a lot less, as inclined holes invariably corkscrew and climb. I doubt they did a down-hole survey, as they make no mention of true depth and the track is shown as dead straight.

IMHO, the hole is drilling off-target! Excuses about seeking a connection to Corkascrea notwithstanding, they missed it! If it had been sited 500m west and steeper and deeper we might now know what is actually happening in this system at depths below 500m (and ideally 1,000m).

Bear in mind this is the same team that just three months ago "missed" drilling an obvious surface target in Finland, with no "real time" feedback (if the 1st hole is a dud you modify subsequently - assuming there is a competent geo. with authority on site), that they had a year+ to plan and prepare for, condemning their shareholders to further year's delay.

I seriously doubt their competence at this stage. A fraction of the cost invested in a serious and experienced consultant gold geologist with Canadian/Australian experience in the planning AND EXECUTION would have paid dividends.

You can't hold the team responsible if the geology just isn't there, but you can if they can't reach it, or miss it!

The current trades and SP back me up.

Looks like the resource doesn't hold up too well in the area of these new results. Only two narrow intersections over the resource cutoff.

That's another 5 years for you to go on posting about a company you're not invested in then. That will be about 10 years won't it. Thousands of posts all about a company you're not invested in. Most people would have realised their vendetta was a sad waste of time by now but not you. Total loser.

The buddingtonite occurence is very exciting. Could be about only 5 more years of drilling to hit something. Game on.