Member Info for parkez

Would wait for the explanation before condemning the JV.
We might just get a nice surprise....
Let's see what the week brings.

Conroy Gold & Natural Reso (AIM:CGNR) Holding in Company - Share Talk https://www.share-talk.com/conroy-gold-natural-reso-aimcgnr-holding-in-company-we-ask-the-6-04-shareholder-why/

News good or bad within the next week.
Just added again...

Taken the opportunity...in 30 yrs time I wount be able to get this price!

Small top up friday 14.44.
Small top up today 14.90.
Final results could drop anytime now, going to be interesting how they are going to explain things.

"but no reason why they couldn't have 3 or 4 rigs working away."
But obviously there is a reason.
We just don't know what it is...and until very recently neither did the jv.

https://youtu.be/blSCf5-XLWw
Worth a listen..
.

Not sure Demir would have to play games to persuade the Prof to consider a sale. He has stated openly on video interview that if the right offer came in it would be considered.
The Prof has also stated he has invested £3m of his own money into Conroy Gold...hes holding circa 3m shares. So £1 a share just for him to break even.

"The Company has now completed 1,768 metres of drilling in the expanded drill programme (announced by the Company on 14 June 2018) on the Clontibret gold deposit.

The drilling was undertaken with the objective of upgrading the mineral resource at Clontibret and thereby accelerating development on the Company’s Irish gold property with a focus on commercialisation of its significant Clontibret – Clay Lake – Glenish gold target on which an updated exploration target of 8.8 million ounces gold (excluding the 517,000 ounce Clontibret deposit) has been estimated (announced by the Company on 2 August 2018)."

upgrading the mineral resource?
Did we ever get that upgrade?
This was the last major drill programme from Conroy, but as we are now aware how many drills have been done since without notification?
my point is...the last 4 drill holes may have been all that was required to get that resource upgrade especially if continuity to Corcaskea was proved.
so if we are now dealing with a 1m oz resource plus potential.
1m @£40/50 in ground value gives the Prof his breakeven mark.
this is for Clontibret, Glenish, Claylake.
Conroy to keep Slieve Glah.
Again just thoughts.

Would be the asset being sold, or part of it. Its split into licemces.
No need to be buying Conroy shares
The company would still have Finland. 65km is an awfully big area to explore for one JV

.just.thoughts while waiting for developments.

Whatever is going on you have to believe that WHEN the Prof did his interviews he was telling the truth.
If so...
Its being sold, or there's an increase resource coming.
Or both together.
I think the last 4 holes of the 8 drill programme are the reason.
You know, the ones not published yet.
If they prove continuity to Corcaskea....
Heres hoping.

13 more trading days to 30th Nov.
Sp on results day?

The only excuse and reasoning for the last few months actions (or lack of) is Conroy have decided to sell on.
But thats imo...

M15,
Yes considered selling also, starting to feel as though we are being taken for a ride.
I'm slow on the uptake, seems plenty were aware before the ink had dried on the JV.
However, decided to wait it out...I mean 1500 yrs to complete the initial phase 1 will fly by!!

Planning or not, its what was stated in the interviews..."will merge into a much larger programme "
The 3rd drill was brought onto site...
Nope something has changed and an update is in order...

fairview, correct id forgotten about those 2 holes...forecast 4/6weeks for drilling. So presumably still ongoing.

Hmm those 2 holes were 2nd Aug...
Been a constant drop in sp/mcap since the Jv in Jan. While I can understand the present drop, its like the market was disinterested from the word go...despite the Profs ramblings.
Maybe a wait then until results end of Nov for next news.
Its to be hoped Conroy doesn't now need retail...going to be a long time to get that trust back.
I'm still holding...daily whine on here helps!
Disappointing really...but not my first experience and I'm sure not the last.

" In addition to the development of the gold deposit in the Clontibret Licence to construction ready status and then bringing it into production as a gold mine, the JV’s aim is to take the Clay Lake gold target and other targets within the Mines Royal Options/Northern Ireland Licences, and the other Licences held by the JV, to construction ready status"

Current suspected activity at Clontibret...no activity.
At Claylake?
Is there a similar site that could keep us informed on the NI activity?
Been looking ,can't find one.

Maybe they were very good and Demir have slapped on offer on the table?
Its a big area to explore...maybe more Jvs forthcoming.
Fact is we know nothing and yet some have substantial money in this...
Not a good situation.

The last 4 holes...the results that have not been published.
Very good or very bad....?
Appears to me they have evoked a change of plan.

The Prof was constantly talking of plans to do more drilling, the sp was still dropping.
The talking has stopped there's no announced drilling ongoing?
Imo everything was fine...3rd rig on site suggests they were going to increase the pace...until the results of the last 4 holes,
Now were they really that bad that a total rethink was required.
Or good enough for Demir to decide they wanted to develope it alone.
We are guessing .
But really however you see it Conroy are treating shareholders abysmally. Then again have we fulfilled our role and now no longer required?