Member Info for activeinvestor

You are wrong stating 200,000.
It is 320,000 oz Indicated Resource, 197,000 Inferred Resource. Total JORC of 517,000 oz on 20% of Clontibret.
See RNS News: 28 July 2017.
Mkt Cap is now only £7.3million.
I think it's getting close to buying time again.

It was a non-protected portfolio trade. The price dealt at can be amended if the markrt maker manages to make a 'good'
profit, hence the 26.60p instead of the 27.00p.
As stated the price appears to be 27.10/29.00 at the moment.
Should be some news soon on drill results and also news on further drilling.
The icing on the cake would be an increase in the JORC gold resource figure.

The low 30's seems to be the support now from when the agreement was signed. I would expect a share price rise any day now before the results. I also expect and announcement any day for their plans for the bulk of the 4.5m phase one spend.
May as well keep adding at these prices because they are not going to be much lower. With only 39m shares, mostly tightly held and no more more to be released the share price could rise quickly and never see these levels again. No point in waiting until there is a new support at say 65p when you can have twice as many shares now at 33p before everybody else joins the party.

if you look at the RNS news from a couple of years ago.
It stated:
RNS on 2 AUG 2018
Updated Exploration Target of 8.8 million ounces gold is associated only with the Clontibret, Clay Lake and Glenish gold-in-soil anomalies in the Longford – Down Massif (revised upwards from the 5 million ounces announced in 2016). Exploration Target excludes the already defined JORC compliant gold resource of 517,000 ounces in the Clontibret gold deposit. Conservative interpretations were used throughout the calculations to ensure that the Exploration Target is a realistic estimate.

if you look at the RNS news from a couple of years ago.
It stated:
RNS on 2 AUG 2018
Updated Exploration Target of 8.8 million ounces gold is associated only with the Clontibret, Clay Lake and Glenish gold-in-soil anomalies in the Longford – Down Massif (revised upwards from the 5 million ounces announced in 2016). Exploration Target excludes the already defined JORC compliant gold resource of 517,000 ounces in the Clontibret gold deposit. Conservative interpretations were used throughout the calculations to ensure that the Exploration Target is a realistic estimate.

Philip Hannigan already owns 2,011, 577 shares )5.12% of CGNR.
So there will not be a problem from Hard Metal Machine Tools for CGNR.

****** = poor person?

More like it. A good boot up the backside. Stop sitting on the information and start working for your money.

There are no sites to see yet. Tell me where you think they are and I can have a look for you and report back.

The professor says: "The newly discovered gold zones significantly upgrade the potential of the Glenish gold target, which is close to our already established Clay Lake- Clontibret gold target, and further enhances the prospectivity of the Company’s gold licences in Ireland”

100p and the warrants have to be cashed in. But as you point out that raises cash of over £2m on the 37p purchase price of the warrants (assuming they wait for 100p, but I can't see why not wait to 100p). This will have little effect on the continuing upward price. The £2m raised will help to offset any dilution. My first target price is 790p (results will revise this as we go along and % share given to a potential partner +/_75%. Gold price also effects this)

I know charts don't apply to AIM etc etc but what if they did!

starting to build. Will not see under 40 again. The Glenish results should be good going on previous samples as YOGI stated. This could have built a head of steam by the time they drill at Clay Lake. It dosn't matter if you bought at 18p or 50p it is going to multibag each time they release results to prove up the reserves.

interesting to see which one jumps first. Bet you they have no idea of the real value. I would not waste the time of day on this if it wasn't going to multibag big time.

The only problem now is the 5,486,485 warrants at an exercise price of 37 pence per warrant.

I think they are drilling extra holes. Would expect results by September. Buying on any dips in the share price in August may yield dividends.

not a real trade, will be deleted later.

Wages are a little high but they do convert them into shares. The market cap is £2.918m (11.013,537 shares at 26.5p). The market cap is still so low. In my opinion the share price should be many multiples of what it is now.

but I'm not. I would expect the results to add to the resource. This area is only 5 miles away along a 30 mile trend line. Gold is up now at $1307/oz. The profit margin is starting to get massive. Payback time very short indeed for a major.

The 78m warrants are divided by 100 which is 788,693 warrants at 308p approx by 15 Nov 2020 and 360p approx by 16 Nov 2022. So this price is a 1200% rise in share price and only 7% dilution. This is so small that I would ignore it. However the recent warrants issued is a different story. 5,486,485 warrants at 37p by 20 Nov 2018 (must be taken at 100p). So a 300% rise to 100p and a dilution of 33% if all warrants are taken at 100p (not always the case though). Figures based on the total shares in the company of 11,013,537 My personal opinion is that the warrants are over generous this time but on the other hand it should help to focus the Directors and Metal Tiger to move this forward.