Member Info for DeathStranding

Retail raise targeting North American investors. Had already been signalled by the moriarty post. Hope they get it done and just get on with things, bring in a geologist to run it. It doesn't seem to be underwritten and they are inviting qualified investors to participate. However anyone could have bought shares much more cheaply over the past 18 months!

Why expect a new JV? Their last JV spent €5 million and came up with nothing. No ounces added, no viable projects. 18 months later, nothing has been advanced to make it a more attractive or different proposition. No resource update, no antimony, no new targets. Clearly they need to actually advance something to attract in a partner. They need to raise £1.5 million and just get on with it. Maybe that will be enough to attract in a geological management team too.

Ideal conditions to raise funds at these high prices, do some actual work. Drill deep at Clontibret if that's where the company thinks the opportunity is. Hard to tell really as they haven't provided investors with any targets to get excited about. But they need to get on with something new.

It's an awesome performance under the circumstances.

Share price is up on no news, even despite a clear signal of an incoming placing? Yet some people are complaining? Some people are also deluded about the potential for a JV.

What Sherman said was JV or strategic investment and there's been neither. But they need money to actually get some new work done. Deep drilling is expensive and risky but seems to be the only plan since the surface deposit has not been proven viable.

Cute financial promotion. If you want in on a PP call Cathal.

Anyone else curious if this breaches market abuse regulation?

Why?

A "rerate" without a news catalyst is very suspicious.

What a mess.

Unable to raise the funds to finance exhorbitant part time salaries, rather than paying what they could afford the execs / former execs loaded the company up with debt instead, making the balance sheet uninvestible. Now still loading the burden on shareholders rather than writing it off.

Carters is the one moaning non stop on here and willing to take "any deal on the table". When shown how value destructive that could be, they lash out with abuse. Used to be fairview, now carters.

As for Euroclear, anyone who actually reads press releases or shareholder notices knows all about how Euroclear is the shareholder and if you want to vote at meetings you need a proxy from them.

Are you sure about that?

If a Canadian junior offers them USD 2 million for 50% of the project, valuing CGNR's interest at £1.5 million or 2.7p per share, and needing to raise more money to cover costs.... You'd be fine with that?

They can't take just "any deal on the table" and that's the problem.

Wise words toffee, just as well there's no hatred on this board otherwise it would not be allowed by LSE.

Only banter here.

These are not "Conroy owned businesses" and what is it that you see as distasteful about fact checking a previous incorrect post or expressing a candid view about a company's prospects?

You should check your facts.

"The primary focus of the joint venture project (the “Demir Export JV” or “Project Inis”) is the development of the gold deposit in the Clontibret licence to construction ready status and bringing it into operation as a gold mine" Nov 2022.

This project has only ever been presented as a possible open pit operation. The JV drilled stepout holes at Clontibret which were negative. They then drilled other prospects within the landholding without finding any additional resources.

It is not known if they did drill "to depth" because not all of the drill hole details were disclosed. But the material in the current corporate presentation is not very persuasive regarding any depth potential. No drill targets are presented.

An exec director you won't be able to vote off and good luck getting a proxy out of Euroclear. Should be a hoot all the same.

Don't think a delay to a licence that wasn't announced yet is material news.

Oops

Good luck with that.

Great news for companies with copper projects.