Member Info for DeathStranding

It's just a formality and is no big deal for shareholders anyway, 1m euro just means the company doesn't have to go back to the market for a while to cover corporate costs. As soon as it hits CGNR's account it starts dropping in value.

That article is about BMW improving recycling rates for tungsten from its tooling - hardly good news for a primary tungsten producer!

Hardly makes up for the lost demand from tooling in ICE production safetyman.

Yes the prospects are hyped because you have people using phrases like "10 mill ounces,possibly 20" when there is no data to support that magnitude of potential. Therefore people potentially get misled and have misplaced expectations so I think there is good reason to take issue with those kinds of statements and the people who make them.

EVs are bad news for tungsten. I thought everyone knew that by now.

Troajan, do you keep posting military spending updates because you see these as good news?
It's a sad sad situation when more money needs to be spent on defense , when it should be spent on improving the lives of citizens and I don't understand what kind of narrative you are trying to push onto people.

Easier to claim dark forces are at work and keep the head in the sand.

MIB, sounds like a very successful business, well done.
But let's say hypothetically your paper mill had a fixed pool of raw materials. You designed and built your mill on the basis of some tests on those materials, which are low quality to start with but your engineers tell you it'll be OK, and an estimate of their amount. As soon as you start production you find the quality of your raw materials is worse than you thought, and you had overestimated their amount. You manage to tweak the mill to produce some paper but it's a fraction of what you had planned. Even though the price of paper has gone up, you're not making enough of it and have to keep borrowing money - on top of the money you borrowed to pay for the mill - to cover your costs. Nine of your employees hurt themselves last quarter and your chief of health and safety just left so there seems to be a major cultural issue at your operation if you can't keep people safe from harm. Your shareholders want to know what the f is going on.
How do you turn it around?

More bad news Troajan.

Troajan, Paul Johnson bought in December 2017 so that's not news. Prior to that he was part of an attempt by Patrick O'Sullivan to remove Conroy and the other directors because they believed the company was being mismanaged and manipulated. He seems to think despite this unhappy history that CGNR is the next GGP waiting to happen. He missed out on the big bucks with GGP and thinks this is the ticket.
I don't. The prospects don't live up to the hype. But delivering solid progress at Clontibret could see gains if the project proves viable.

Troajan, thanks for reposting all the links to the out of date presentation and broker research. I checked them and they are just as irrelevant now as they were last week.
Keep up the good work.

In the meantime I suggest you go through all the published exploration results and decide for yourself if they support the company's (and it's roast dinner promoters) non-jorc belief statements. If you find they do then I wish you all the very best. If you have concerns about what you find out, then you know where to find me.

But hey Troajan, let's just watch and if and when the number gets to 10 million ounces (20 times the size of the known resource, after 20 years of exploration), then we can shake on it and say fair dinkum.

So why in your view is this being promoted as a mine development project, if (according to you) they don't have enough resource?
And what do you think are the risks that sufficient resource does not get proven up (and/or the resource is not commercially viable due to metallurgical, engineering or permitting issues (see your previous Dalradian reference)) and how such risks might be priced in by the market?

Troajan, I was surmising about a common connection between three recently failed /failing tungsten mines.
Or is surmising not allowed here?
I happen to think geological factors are fundamental to the success of mining operations, given that minerals occur in, well, rocks.

Troajan. Maiden resource at Clontibret was 1 million ounces in 2007. By 2014 this was 600k, a scoping study was done and the project declared "development stage". Current resource is 517koz, and 8 years later it is still "development stage". Where does that sit in the lifecycle of a mineral discovery?
You might appreciate that many investors see yet another drilling programme (albeit funded by someone else), no actual development plan, and decide to sell.
Have a great evening.

Up to the individual whether they invest on the basis of the belief statements of a non-geological chairperson and non-jorc statements /promotional videos, or the actual reported results and independently verified jorc resource figures.
You can see where the market is at.

If I am the only one who thinks it why is the market pricing it at 33.5p?

Troajan, Mr. Conroy is not a geologist.
There is no estimate of 14 to 20 million ounces. Not even close. The only estimate is at Clontibret where the JORC resource is 500k ounces at 2g/t.
The reason people aren't piling into this is they don't believe the fantasy figures that have been touted for many years now without a single ounce being put into resource categories outside of Clontibret.

Value is subjective. It might be undervalued to you if you think on whatever basis its actual value is much higher. Personally I think it is currently spot on based on the available facts.