Member Info for DeathStranding

Yeah first one walked away, second one spent €5 mill before walking away. Not a good template.

"Short term selling". That's hilarious. It's been a sell story for 3 years.

Commendable effort in reminding everyone how average the results have been over the years. The company says more drilling is needed before a resource update.

Outstandingly average. And none of them had any material impact on the 2017 resource.

Post JORC drilling has not had a material effect on the 2017 resource - since that is the one they continue to quote. They say more drilling is required to update the resource.

No drilling results because there's been no drilling.

The amount raised in the last placing is presumably as much interest as they could find. Market investors are wise to the reality here.

Why didn't any of the current directors put in money at rock bottom prices? It's certainly not a good look. Even only £20k each would have raised an additional £140k and shown some belief in their own company.

In 2017 did they report antimony grades in their resource, having recognised its potential and apparently investigated a flowsheet 3 years prior? No.

It's another 10 year old story coming around again. Nothing to see here.

https://www.irishtimes.com/business/energy-and-resources/conroy-gold-to-mine-for-raw-material-antimony-1.2038145

Massive sell off today, £1,000 worth of shares sold.

92% spread. LOL.

See page 6 of the November presentation, middle diagram. Doesn't seem that impressive, very patchy, nowhere near as good as the established trend at Cavanacaw and Curraghinalt.

No resource growth in 7 years despite thousands of metres of post 2017 JORC resource drilling.

Economic study still quoted by the company is over 10 years old and was done on a resource base 20% larger than the current one.

No data available about antimony grades and whether it can be extracted economically as a by-product. Since the gold does not have demonstrated economic viability, it seems extremely unlikely the antimony will.

You've been wrong all along.

Antimony is a sideshow and will go nowhere.

For an indication of how much industry interest there's been, look at how much money the current directors and management put into the recent placing, at 4.5p. £0.

Because on slide 17 of their presentation updating the resource is only 4th item on the list and they refer to infill drilling. Doesn't seem to be a priority.

Gold price went down, CGNR share price went up.

You've been wrong all along.

Relogging is what they do to keep salaried geologists busy when there's no money for any new work. It's the same geologists that logged it the first time.

No surprise, as deputy chairman and a family appointment this was the plan. It does nothing for shareholders since he has no qualifications to lead a struggling gold explorer. Didn't even put his hand in his pocket at the last raise.

The narrative in the announcement is embarassing really. No plans to update a 7 yr old resource. Out of date economics based on an even older resource before it shrunk.

Countdown is on to 2024 financials and going concern statement.

Auditors will want to know how they plan to fund the business for 12 months. None of the directors have experience raising finance for junior mining companies. And with no new technical results in sight, they don't have much of a pitch.

Correction - resource cut off reported in 2017 was 1 g/t.

40% of the resource is Inferred category so can't be used in a feasibility study.

Infill drilling in 2018 and stepout drilling in 2022 resulted in no change to the resource. The board of directors includes 3 professional geologists so investors can only assume that the 2017 resource is therefore an appropriate representation of the current project and no value has been added by any of the drilling.

Big concern now if this will pass audit and continue trading beyond 30 Nov. Lots of uncertainty - going concern, management structure, debt liabilities, impairments following Demir exit?