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GSA imminent. This can only go up. 1.2p/1.3p initial target - even maybe 1.6p even before the figures come out.

No mention of whether production is profitable at the current coal prices - but what the heck, who cares, when they can borrow $6.5M to at least pay the wages for now. And the funds are on the dreaded death spiral too. 14p - more likely 10p on the way!!

A few buys trickling in now.

Just seen this on the CORO board, where posters are at least aware of the imminent newsflow:

https://stockhead.com.au/energy/conrad-is-positioned-to-benefit-as-gas-takes-key-role-in-firming-global-energy-security/

Or maybe, seeing as the CORO shareholders failed to approve the resolution to allow the management to issue any more shares at the recent AGM, then both the CORO shareholders and management know that they are pretty well dependent on the GSA and divestment for future funds.

I suppose there is a possibility, knowing the way that the ASX market works, that Conrad Asia may announce a suspension pre the release of the GSA agreement. If so, with the agreement due by the end of this month, that should be quite soon.

That would certainly get the share price here moving upwards in a hurry.

At least CORO shareholders have worked out that the GSA is imminent. Their share price has risen from 16p to 27p so far this month - while unfortunately here the SP has just stagnated all month at the placing price, which should in actual fact have provided a solid base from which this should have started climbing back towards 1.2p/1.6p. Shameful.

I suppose the blow here was softened by the fact that the share price was down at this level recently and also that the placing is so small that the dilution is minimal. Even so, the management is dreadful.

There really is as much chance of the planned gold drilling in Australia boosting the share price as any of the other projects. Let's hope that happens sooner rather than later.

Of course the real problem is that when the placings are this small then all the new funds will do is pay the wages. There won't be any spare to progress the projects anyway.

With a m/cap of less than £4 Million and all these ridiculous multi-billion $ projects, the current CEO is obviously completely out of her depth. The sooner she goes the better.

AJMHO

To be honest the situation here is bloody ridiculous. The coal-to-power project finally resurfaced recently after being all but forgotten about for years, only for the share price to tank by 50%. And the reason is that the current CEO is so green and anti any fossil fuel projects that she will never see it happen.

I say keep the coal-to-power projects and SACK NAHEED MENON.

Taken from the Riversgold ASX RNS dated 9th May 2023:

David Lenigas, Chairman of RGL, said: “This blind stacked porphyry hosted gold system, sitting about 30m below surface, has real size potential. With the latest drilling confirming mineralised widths of over 100m and with the porphyry appearing to be very clean metallurgically and amenable to simple cyanidation, Northern Zone looks to be a compelling exploration target at an Australian Dollar gold price of over $3,000/ounce. We also see potential to extend the potential strike (currently at 350m) and depth (currently at 250m) within the tenement. This tenement also complements our large tenement package at Kurnalpi just to the east. We plan to be on the ground with geophysics crews this quarter and aim to be drilling here shortly thereafter.”

https://www.riversgold.com.au/wp-content/uploads/2023/05/61149314.pdf

I certainly wouldn't write this prospect off. I think that the problem was that it was just way, way beyond the skill set of the current ORCP management. Who knows, but a new drill campaign could inject some upwards momentum here that is sadly lacking from their other projects.

Also with Riversgold being an Australian company and the management Australian, they will know far more about the potential in the Northern Zone prospect. Memon knows nothing, as can be seen by her blundering on getting nowhere with her various projects as the share price collapses and the placings get smaller and more frequent.

Riversgold are planning to drill soon and hopefully they can make a better go of it than half-hearted Naheed Memon, who drilled a few holes in 2021 and then came up with what looked a silly Exploration target of "200Mt - 250Mt at 0.4g/t Au - 0.6g/t Au for 2.5Moz to 4.8Moz Gold".

Maybe Riversgold can start to find out if there really is a big gold prospect here. If so ORCP still hold the remaining 20% of the project.

I originally only bought in here for the gold prospects, and then got stuck as everything else ended in MOU's and little more. It wouldn't take much success from Riversgold to get the share price up to double the placing price for a start.

A possible potential revival in the share price here might come from the gold project in Australia. I have just found out, and I didn't know this before, that Mr David Lenigas is the Executive Chairman of Riversgold Ltd, the company that has farmed into the Northern Zone prospect.

I know that DL is a bit like mustard, some love him and some loathe him, but I personally find him okay and at least he gets on with the job. Sometimes he hits too hard and his projects look too good to be true, but on the whole he has a good knack of creating great shareholder value.

The big change here is that with this current drill underway the management are finally actually doing something. Things are finally happening.

The stark reality is that apart from the slow and late award of the Exploitation Licence in July 2021 this is the first sign of activity and progress since Heron-1 was drilled and tested in Q3 2019. That is a lot of sitting around doing nothing.

Drill is going to target so maybe drill results will be in 22 days, or even 21 days, or in WOS's world maybe tomorrow!!

All agree and on board with first news looking to be results of V1 drill. Now only 23 days to wait.

Results these are to up too 31st December 2022 so they did already placing yes in February 2023 so more funds they have already now soon yes, Sir, read RNS properly please yes.

Agree yes no surely. 'Coming months' appears now seem timescale of government certification Block XX to being good good special purpose land. By beginning end 2023 maybe target now. Not soon though, nor even very very soon though. Maybe what?