Member Info for parkez

The one scenario that would answer all questions raised about the last few months actions would be a Demir buyout.
Given the age of the Prof not an unreasonable assumption...but what would Demir have to offer to get shareholder agreement?
What would entice me to part with mine when you have the possibility of 10/15m ozs. Multiple mines.
Think of the divis in 5/6 years.
Thoughts on what a likely price ?

Being worried about the possibility and one actually in progress are very different.
Its obvious the company are not happy about the mcap...
What actions can they take?
Increased resource is one.
But why stop the drill programme?
Unless they have now realised they have enough data at Clontibret and have changed targets.
We do not know, but whatever we are a day nearer to finding out.

"One is even having the concern that other people will be looking at it that are knowledgeable about what it all means"
Interpretation...
Worried about hostile takeover?

This is a quote from the Prof, something I wondered about and what he was actually alluding to.
Just my thoughts on the remark by the Prof.

"One is even having the concern that other people will be looking at it that are knowledgeable about what it all means"
Interpretation...
Worried about hostile takeover?

https://www.lse.co.uk/rns/CGNR/further-intercepts-and-grades-at-clontibret-wo8d7slowh09ibz.html

To be added.

And this...
"The Company has as a result, during the year, moved from its activities primarily being mineral exploration to having mine development as its main focus. This is a major, and transformational, event in the Company's history. We are confident that the Company has enough data and background knowledge to warrant this shift in emphasis and in Demir Export we have an experienced JV partner who have already, in a short space of time, contributed significantly to the JV partnership."

Are the company further ahead than we think?

https://audioboom.com/posts/8047163-midweek-takeaway-with-professor-richard-conroy-ceo-of-conroy-gold-aim-cgnr

https://podcastaddict.com/episode/146298305

Listen to these two interviews... related imo.
Then decide for yourself if we are or are not going to get an upgraded resource report.

Conroy Gold
Conroy Gold, and its predecessors have drilled a total of 189 holes for 22,199m so far, but the actual resource is
based on 68 holes for a total of 9,828.7m of drilling. This does not include the current programme of 10 holes which
have been drilled. The results of 8 of these holes are in the public domain, and the last 2 are currently being logged.
These 10 holes will certainly add ounces to the current JORC resource.

So just how many ounces will be added.
Add on the DD drilling and the results from the 8 hole programme + extras....
How many ounces?
https://www.bing.com/ck/a?!&&p=9dd28ec2b8413408JmltdHM9MTY3MjQ0NDgwMCZpZ3VpZD0wMjAxZGQ2NC0yNTQ2LTY1OWQtMDg5OS1jY2YwMjQzOTY0ZTQmaW5zaWQ9NTIwMA&ptn=3&hsh=3&fclid=0201dd64-2546-659d-0899-ccf0243964e4&psq=+conroy+gold+brandon+hill&u=a1aHR0cDovL3d3dy5jb25yb3lnb2xkYW5kbmF0dXJhbHJlc291cmNlcy5jb20vc2l0ZXMvZGVmYXVsdC9maWxlcy8yMDE4LTA4LTAyJTIwLSUyMEJyYW5kb24lMjBIaWxsJTIwY29ucm95X2dvbGQtaW5pdGlhdGlvbl8wLnBkZg&ntb=1

So let's say Demir significant contribution was the planning of the last 4 awaited drill holes.
Now let's say they prove continuity between Clontibret and Corcaskea.
Now let's say Demir provided the competent person to compile the increased JORC.
Now let's say this report increase to 1.5m ozs.
Would you still be disappointed with Demir?
All hyperthetical...point being let's just wait and see just what has been going on.
I believe at the time of his interviews the Prof was speaking the truth...so the plans have changed.
I patiently await the reason why.

I'm not sure the progress is" truly terrible"..
Waiting for the results of those 4 drill holes(if we get them)
Foundations built...hoping the building flies up.
And in the back of my mind I'm thinking a sale is as likely scenario as any I can think of....
OR an increased JORC.
But at the moment no bad thoughts wandering through there as yet.
Seems likely we are going to be kept hanging over the festive period...
But heres hoping the Prof manages to find the time to wish his investors a HAPPY New Year.

Yes 6 years ago, but I never dismiss a companies past.
How has the gold trend gone from 30miles to current 40 miles in those 6 years.?
Why was Clontibret and Claylake considered 1 target in that presentation....and yet we now have them under 2 JV licences?
The section north of the proposed mine area...where Kevin says "if I was to start again it maybe here".
Has any further drilling been done there?
I'm becoming more intrigued by their actions than worried..

https://www.conroygoldandnaturalresources.com/news/media_articles?page=1
Just watched this again so thought I would post for any that have not seen it.

Must admit DS that does surprise me...
Thought you'd be holding more than that.

JV started at a rapid pace.
Drill programme started end April, multiple references to a continuation into a larger programme. More rigs brought on site...and then it all suddenly stopped.
We are just waiting to find out why.

Maybe they currently have a few rigs drilling at Claylake.
Given the Bods apparent reluctance to inform shareholders and shareholders inability to discover such info....

A year into the JV, it's probably been the most boring year since I started investing in AIM in 2014.
2020 being the most exciting.
Demir according to Conroy have this year contributed significantly...
Significantly means something worthy of a mention, at this moment in time I'm at a loss as to what that was. So far nothing done this year that Conroy with a little fund raise could not have done themselves.....perhaps time will correct me on that remark.

Being underwater has never stopped me selling if I thought my money was better elsewhere...
Been doing dummy sells this week, got to 22k before NT.
Opportunity to sell if you want...
I will be the first on the sell button when/if I lose faith, no matter the loss.
That time for me is not now.....happy to wait for the reasons as to why the change of plans.

Not really been that much selling considering the lack of communication from Conroy.
The Prof is a shareholder but its okay for him,he has all the answers....would be nice if he could share a few of those.
I have now reached my target...so in a way I'm happy because it was cheaper than expected.
Just have to be patient...could be years,could be months.
Or of course it could be we have got it wrong and its never!
As always time will tell...

They had 3 drill rigs on site.
In one of the interviews the Prof states if we get a couple of spare rigs we may do a couple of holes deeper.
The early October (unnotified)drills suggest that these were the couple of deeper holes.
So why were these rigs spare and why the need now to drill deeper.
An increased JORC seems probable...but is that the Profs plan to increase the mcap...or a sale?

Hoping we are going to get an increased JORC resource.
Which could be substantial.
But why they have stopped the drill programme I can only guess.
But a buyout seems as logical as any of my other thoughts.
But I'm always wrong.

Buys still showing as sells...
Been doing that for a few weeks now.