Member Info for greendave66

The initial c. 3,000m drill programme, consisting of eight drill holes, is focused on the Clontibret gold target. The programme has the objective of extending the eastern gold Lodes and the Stockwork gold mineralisation, both of which are open in all directions and to depth. Seven of the drill holes are step-out. One hole is targeting an up-dip gold mineralisation zone.

All of the drill holes are planned to intersect the Stockwork. The drilling is projected to increase the Stockwork gold mineralisation to the northeast and also to extend the depth of the Stockwork.

Three of the drill holes are focused primarily on the eastern Lodes of the Clontibret gold resource, with a view to extending these Lodes to the north. The Board believe that these drill holes also have potential for the discovery of new Lodes.

The drilling will step-out from the known gold mineralisation, in both the Stockwork and eastern Lodes in the deposit, which will further enhance the Company’s technical understanding of the Clontibret gold target.

To a miserable month but the assay results should get this share moving in August!!

And POG heading back up - good news all round

Assets are excellent I agree but monitization is what’s needed to unlock share holder value. It will happen just need to show more patience unless we get lucky of course

I agree but disagree UR…if we are in a high POG environment and likely to be in high POG env come end of Sept combined with bullish price of gold predictions then that’s a more favourable sale environment than a low POG now and in Sept and the bulls regarding POG by yr end. Price predictions of hitting $2k by year end seem to have disappeared. But as usual everything can change in 2 mins and head into a bull run. Time will tell….personally I’ve waited a year for a better outcome than a year low so yes I’m disappointed but a sale will be achieved at a much higher price but I think it will take until next year to conclude and hence a raise MAY be needed depending on time scales but I’m sure they have enough cash somewhere if the sale proceeds start as they can reduce head count etc

Yep it does spell it out and it’s a long journey from here to a bid in 2023 as potential bidders will go to the next round in October. If no bid then a fundraise just before end of year. If there is a bid then all work will need to stop to ensure we have enough cash for the long process of the sale to complete. In my view the low gold price will see potential buyers wanting the Oz in the ground to increase for economies of scale. If gold increases to 1800 and above then I can see a buyer swooping now but this low gold price is hurting all my gold holdings as sentiment is low

Results are taking months not weeks - still appears to be a covid backlog !! Drilling starts in July finishes maybe end of August so results in October I reckon - we will see

And result gives an indication of what lies below and the Prof thinks we have millions more ounces to be uncovered. We will see! First results inbound very soon!

Fair point DS but I’m sure we would all like to know some results + no guarantee market conditions will be better in Sept but can they get any worse?!

Should be next week and give a better picture of the future. Decent results could mean a decent move up wards due to the current low share price which will be a bargain I’m in the future!

High gold price since I bought nearly one year ago. Company goes into strategic review to look for a buyer and price of gold drops to lowest level in 12 months. You can’t make this up. Need news of drilling to start and then results in about 2-3 months and we should have a clearer picture of where we are. I think my initial excitement of a buyer coming has been off the mark and the price of gold is effecting it. Not so many bullish price of gold statements around any more which is just typical!!!

Needs some decent newsflow to clear this £700k overhang of shares in a low volume, summer lull unless a bid comes in of course but this close to drilling (July start time) im sure a new company will wait for news on this before tabling an offer. If we find more gold then bigger players will become interested. Just need to wait it out which is disappointing as ive been waiting 12 months already!

Really thought it would be 2,000 dollars by now but it’s headed the opposite direction. I suspect any potential buyers are seeing which way it goes over the next few months as it’s all very random. By then drilling started and getting closer to the next set of results - let’s hope it heads back towards 2,000 as buyers will be all over this

Results due soon and I can’t wait to see what they found….should be a step to much bigger things over the next 6 months as more holes are drilled and more results known. All fully funded so happy days!

That’s a big percentage of cgnr he now owns - I can’t remember all the other holders at this time of the Morning does any remember how much of the company is in sticky hands?

And weeks to go until all warrants are cashed. Why Directors and those associated with the company are not buying more at this level I’ll never know! I’m out of cash or I would buy some !

You looking for a cheap top up price as it seems strange that a holder is trying to talk us down to 15p….9mcap for this is beyond a joke so I can’t see it going much lower. A Director buy would come in handy now !!

Yep if it wasn’t for covid and all these delays it would come thick and fast. The prof said number of rigs will increase in time and assays lodged and results will come as soon as possible. JV off to a slow burner but 4.5m of drilling is not to be sniffed at with an Mcap of our size. Bring on the results!!!

Makes the safe jurisdiction we have even more attractive as of NOW….will this speed up an offer for the company?

Good article highlighting the gold reserves crisis coming up….cgnr can help fill the gap in a few years time and we await the decent drilling results due anyday!