Member Info for mole_man99

With all this interest, the best thing to do for investors is to sell the licences for 100m to one of the many bidders, and divi up the cash. £2 a share.

What do you mean nobody wants them.

No way. I need to be there for emotional support when CGNR finally admit it's over.

Zero cash left now unless they stopped paying wages some time back or have raised funds on the QT. There has to be an announcement soon about redundancies, going concern etc.

Zero fact to back that one up. Just a puff up lie without a resource update and operating mine cashflow example.

Is that from the RNS in 2005? The found more gold one that comes before the placing?

Which director would you pay, and works better for the company?

The one who takes a large salary and gets shares regardless of investor gains and losses, or the one who works for minimum wage, but gets £500m of shares in 2030 only if the SP hits £10?

Yup, sell some assets below book to buy back shares to reissue to the directors to sell a portion to pay tax to keep the sp depressed, and somehow convince investors this makes them blue chip.

Financial alchemy at its best.

JV partners no doubt know they have them on the ropes. Sweat em out a little longer and CGNR will run out of cash and have to accept a poor deal.

Or watch CGNR fold then pick up new licences direct from gov and have this world class mine all to yourself.

Barrick, if it’s them, are not in the business of ensuring CGNR holders get rich, or doing a JV on a low grade mine in a high cost area.

So many risks here. Just don’t go in too heavy if you can’t resist the gamble.

No placing announcement yet. Think the prof is struggling this time. When there is no money to pay Marian, I wonder where her allegiances lie?

You know you found the right companies for your portfolio when you check in to see a big down across the board and just shrug, then start planning how you can move things around to buy more.

Is VOD on that list for you? It isn’t for me as you know.

>Financial analyst Charles Archer reckons cgnr is exceptional value.

He's a one star analyst on Tipranks, which ranks analysts by their results. Basically, significantly worse than a monkey with a dart board.

August a month of worry as the markets in US put their foot down on the FED dithering over rate cuts.

Opportunity abounds for those with long time horizons.

Who owns a lot of land around Clontibret? CGNR have some licences to prospect, but own nothing.

Moley, ex holder making sure potential new investors research both sides before buying in.

Broad based bloodbath on US markets as the odds of recession increase greatly. FED really should of been cutting rates like we did.

Hopefully we don't catch the cold as US sneezes.

‘Possibly be’

Probably not, and you won’t get permission so it’s all moot. 20 years too late.

As always I hand it to the Prof. He bagged her as non-exec which will keep the hope rumour alive long enough to raise capital from Tim nice but dim.

He has proven to be an expert funds raiser over the decades. Not so much a miner.

Dividends only tax free in a ISA of course.

“Mr. Rowan, who has a reputation as a successful mining "stock-picker", has beenvery impressed by the company's achievements in exploring its 1,500km2 licencearea in the Longford-Down Massif.”

That nugget is copy pasted from 2005 when ‘successful stock picker’ Rowen sank £250000 into this pit, diluting holders by 10%.

The point is, it’s all been said before, even 19 years ago. Only actual results have any credibility now.

There are good companies doing well out there Garonne. You do have to hunt them out though.

“The Company has made significant progress towards bringing Clontibret into production“

That one is copy pasted from the capital reorganisation rns in 2015. Unsplit sp now 0.05p.

Time for prof to stop taking money from this shell, or just announce the JV.

I S’pose my advantage is I’ve been doing this long enough to of seen that statement in many other reports from past explorer companies, all of whom came to nought.

Ignore fluff statements and control your risk if you really want a flutter on the will they won’t they.