Member Info for DeathStranding

Totally agree fairview, it's hard to have a reasoned discussion with people who ramped this as a multibagger when it was in the 40s, insist that a JV with a major is magically just around the corner, and, despite being wrong all along, refuse to engage in civil discussion about the negative factors which have led to an almost complete erosion of value for investors - and instead respond with abuse. Good luck Indy2018.

If looking out for red flags perhaps consider the exit of the JV partner after spending €5m and getting no significant results, and the fact that 7 out of 8 directors did not participate in a fundraise at a 4.5p price and £2.3m valuation. The lack of resource update since July 2017 despite thousands of metres of drilling, and the refractory nature of the gold are also factors worthy of contemplation.

7/8 directors did not invest, even at a 25% discount and the lowest ever share price.

Zero conviction in their own "tier 1 economic deposit" BS.

The Fee Shares are additional GB. Placing Shares + Subscription Shares = £259k (minus fees).

Pre-money valuation of £2.3 million. Total board contribution £50k, from only 1 of 8 directors. Says it all really.

This will not satisfy going concern

..if they don't have funding by 29 Nov.

Rio Tinto made an offer for Arcadian Lithium. The CGNR-KDR superdeal-of-the-century is too big even for them.

They get paid over at KDR too GB

I know you miss me if I stay away too long x

Surprising that Barrick CEO Mark Bristow found time to break away from CGNR dealmaking to negotiate with Mali, where Barrick's mining operations contribute a mere 5-10% of GDP.

Trouble is, you've been wrong along.

Majors not remotely interested in this.

In the five months since announcing Demir's exit, CGNR has announced 1m @ 1.05% Zn + Pb, and the addition of two new directors to bring the board up to 8.

Do shareholders think all these board positions are justified? Exec chairman, deputy chairman, managing director (none of whom are geologists), finance director, four non execs.

No shortage of pointless posts on here. Fairview's latest, for example.

CGNR may well switch to antimony if it stays fashionable but not nickel.

Nobody will give you cash. Indicator minerals and targets, no minerals actually identified. There's nothing there. Just buzzwords.

€600k for more licences with nothing in them? Why not!!

But then what would KDR do to justify that branch of the family business?

Definite need to raise before results announcement to satisfy going concern.

Only a rights issue will be non dilutive. Otherwise a placing at any price will always be dilutive.

They are working some dark arts to keep trading. Maybe they have a loan from KDR, so KDR can convert to shares in CGNR, a KDR shareholder and so it goes on....

No, there are not many million ounces across Clontibret and Clay Lake. At Clontibret 517,000 ounces were estimated in 2017 in Inferred and Indicated categories. At Clay Lake precisely zero ounces have been reported.

And the company has never published any feasibility study to demonstrate profitability at any gold prices.

I will keep correcting you for as long as it takes.

I agree with fairview's concern that none of the drilling for years has been added into the resource model. The best investors can assume is that the drilling had no material effect on the resource, since the company continues to quote its 2017 resource, including its inferred resource which means a low level of confidence only. Therefore lots of drilling with no value added.

Would be useful to see a drill plan of where you think Clontibret and Clay Lake have not been properly tested.