Member Info for Globex

True, it's rare to see a balance sheet like this. Cash level up to nearly half market cap now.

Last reported £5.1m, coupled with no debt. With market cap still just ~£11m, the value here is actually a bit insane.

It is quite striking that since start of December they've announced four separate material contract extensions/expansions.

Life of contract values quoted £7.3m + £1m + £1m + £9m, all within last 8 weeks.

As a predominantly software biz they can scale up to meet these with a relatively fixed cost base, allow this new business to quickly feed through into the bottom line.

Counterintuitive as it seems, I reckon concerns about consumer weakness have created what might be opening here. Expectations are that low, coupled with the illiquidity that comes with small cap territory, that it really wouldn't take much for this to re-rate. A mild beat, or even being in line guidance, might be all it takes.

Look at Boohoo. Stock was bombed out, ultra low end customer base, arguably more so than this, in theory most exposed to broader economic weakness. Sectors don't get much more unloved than fast fashion.

Then they put out results a couple of months ago that I thought were fine, but not spectacular. The stock then tripled within a couple of weeks. (It's since pulled back a bit but still more than double what it was pre-update.) Good example of what can happen if market expects worst.

Very impressed. In a very tough market for consumer discretionary they've surely exceeded expectations here. This remains wildly undervalued.

Value stocks having a moment, sleepy BLND for one smashing it so far this year vs tech stocks for the first time in what feels like forever

They could return shareholder value immediately if they returned remaining cash in one last tender, followed by shutting the doors by way of a solvent wind down. High time they stopped pretending this was ever going to be a commercially viable business and put the thing out of its misery. That won't happen as would mean the gravy trains stops.

Publicis read across. That and the entire conglomerate ad agency model in terminal decline.

Finally what he says about Conroy's valuation:

"Given that other exploration stories in favorable jurisdictions are going for about $67 USD per ounce, I’d say that is patently absurd"

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Valuation wise for other explorers, I remember reading Eric Sprott using $100 for ounces in the ground as a benchmark 5 years ago, but if we go with Moriaty's $67:

Conroy's 517,000 oz x $67 = $34,639,000

Or £25.3m. More than 100% today's market cap.

Continued

"Conroy made the Clontibret gold discovery after resampling samples from the historic antimony mines located there. They discovered gold up to 35.0 g/t over 2.0 meters and antimony of 14.5% over 1.2 meters. Clontibret is part of the Orlock Bridge gold trend. The mineralization is similar in nature to the orogenic gold found at Fosterville. But everyone wants to find another Fosterville, the highest-grade gold mine in the world.

I am impressed with the quality of their technical people and especially with their newly updated corporate presentation. I highly suggest any potential investor pay attention to it. It is excellent."

From a couple of months ago but just came across this now.

He's a gold mining veteran and an early investor in a number of significant names across sector over many years, seems significant he has a position here.

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"I’m going to do something I have never done before in 24 years of writing about resource stocks. I am going to write about a gold stock located in Ireland but only listed on the AIM exchange in the UK.

The stock is Conroy Gold and Natural Resources Plc (CGNR-AIM). They look forward to obtaining an OTCQB listing down the road.

Conroy already has a JORC (similar to the 43-101) resource of 517,000 ounces of gold. They have 100% prospecting rights over two district size gold trends in Ireland. They have a 65km strike at the Orlock Bridge trend and an additional 24km length of the Skullmartin trend. Their prospecting rights cover over a 1,000 square km area.

Few people know this but Ireland produces more zinc per square km than any country in the world. It is a quiet but major mining country. A target measuring 3km by 2km with high tonnage potential was discovered near Clear Lake within the Orlock Bridge gold trend. Drilling in this area by Conroy shows gold mineralization over 100 meters, the longest continuous intercepts in the British Isles."

No I am not kidding. Look at number of bears in this thread alone. One poster's entire history is negative posts on this single stock. But I'll leave it at that because getting drawn into an internet argument not my style and who cares really, these posters about the least interesting thing about this company.

Very surprising this board has so many bears. Over the last 12 months, in terms of share price it is no exaggeration to say this humble company has been one of the best performing gold juniors globally.

Significant strategic investors Haywood on board. Backed by Bob Moriarty. Adjacent company Galantas being backed by Eric Sprott. Ocean Partners putting millions into getting a Northern Irish mine back into production when Conroy own land next door.

A JORC compliant minimum resource of 517,000 ounces of gold and work underway to expand that. 100% prospecting rights over two district size gold trends covering 1,000 square kms.

That's all before we consider the gold price

You'll see DeathStranding.

SpaceX merging with xAI https://www.bbc.co.uk/news/articles/cq6vnrye06po

IPO potentially as soon as June. Both event look set to have significant impact on NAV here. This trust very well positioned.

Very impressive. Very good sign about the offering they keep winning these significant contracts. Rock solid and growing sector.

Decent close, 220p was a sticky resistance point too, so to have cleared that in last 10 minutes of trading bodes well for next week. GLA

Market is tough on this stock. For my money these results surpassed expectations. Trading not that far above net asset value yet it is cash rich and de-risked in a growth sector with revenue surging and bottom line following suit. Can't say fairer than that. Firm hold until true value recognized which is a fair distance north of current share price.

Looks exceptional to me. Every metric improving, revenue doubling, £3.2m cash, company reducing costs despite the growth, diversified operations, everything you want to see.

Full year accounts due end of Feb, expect more clarity next month. Anything material they are obligated to tell the market. No RNS means no material development.

In meantime in situations like this with an uncertain outcome and timeline, best thing to do is try and forget you even own the stock. That way if anything comes of it, great.

The good news is in any scenario short of insolvency, a clean main market shell has a value. This suspended prior to the aborted transaction so that was never priced in. If anything cash shells are worth more now than back when this was last trading. Look at Amigo.

Important to note there will be a functioning mine on the Island. https://galantas.com/projects/omagh-project/mine-development/

Ocean Partners pumping millions into getting that operational again. I see a scenario where those facilities or knowhow could contribute to the processing of what ultimately gets dug up on Conroy's property. Clontibret to Omagh not a million miles, certainly trucking distance. Some form of partnership between the two companies would be an extremely compelling prospect.