Member Info for PaulFG

Stockbox interview: https://twitter.com/StockBoxMedia/status/1661697673840275456

https://t.co/Hf2RL1GFUD

Very disappointing this hasn't materialised on the LSE, but I'm glad that I waited until it had listed before making the decision to invest.

I hope this is resolved quickly for the loyal shareholder base that has supported this company on AQUIS.

Jurisdiction Jurisdiction Jurisdiction

It's right up there, given geopolitical tensions anyway, as probably my top decider now in where to place new investments and how quickly to extricate existing ones.

If Demir knows enough to be willing to pay £100-150m now, then I'm not willing to sell.

I'm not holding my breath on the first mine decision be year end. I just cannot see how they get to that position this year.

I can't disagree with Legalwolf's comments, but beyond big sellers which may permit a respite if there's a surge in sentiment this could rally substantially when sentiment is back as a driving force - buoyed by continued high grades and good production + financing FINALLY sorted.

Long term I think only new gold and decent grades will keep this above 1p, so exploration becomes key.

Yes to determine where to mine by year end would demand a huge amount of work completed in the next few months. I just think that was not a well thought through reply.

Yup

The former house broker I think assigned a fair value of 38p.

Just seen the short stockbox interview. I'll leave others to dissect the comments. My overall thought was that the Prof didn't seem as upbeat as previously, maybe just hayfever season.

It's a good jv agreement by industry standards. Alternatively go alone continually raising cash to do work and massive share dilutions.

You can't have it all for a junior explorer, this is reality.

Stockbox - I can only think it's stuck in edit. Mark has been churning out all the stuff on his recent visit to PREM on location in Africa. I don't expect much from it anyway...the usual it's all very exciting stuff and then a total rehash of everything we hear in each interview.

I'd really like to see the geologists interviewed without the controlling presence of ProfC in the background.

Yup

I guess the market is really looking for the drill results, nice though it is to keep finding gold in everything the company does.

Upcoming Stockbox interview: https://twitter.com/StockBoxMedia/status/1658101011108577280

We can probably predict the exact wording of responses by now, haha.

Yeah I have to agree this type of reporting will not encourage serious investors, it does not portray the company as a professional organisation.

Https://audioboom.com/posts/8300377-the-sunday-roast-featuring-charles-bray-and-simon-rollason-of-aterian-plc-lse-atn-atn-chll-c

CMET mentioned 60mins in, highlighting the potential of the MOU & JV.

Nothing really new for us, but nice to have a mention.

I've listened to a lot of successful investors in the junior mining/exploration sector and many have the same criteria when it comes to choosing their investments:

1. Management with skin in the game - applies to CGNR

2. Aiming for a big resource - we have a small JORC defined already and clearly listening to ProfC with a newly discovered gold district, fully under control of the JV, they are targeting many million of ounces.

3. Cash requirements/at bank - with the JV agreement we have no major cash requirements up to the construction stage for each identified mine - so years from now.

4. Number of shares/dilution - only 45m shares here, I mean come on folks we're all aware of other juniors with billions of shares issued and not as far a long as CGNR - further dilution is unlikely as no need to raise funds.

5. Strategic partner - we have a major strategic partner onboard, funding everything to construction.

6. Jurisdiction risk - I'm hearing this more and more, and personally with rising geopolitical tensions this have become very important to me. Ireland does not present any jurisdiction risk for me at this stage in the JVs development of the gold district.

So when the tide rises as the trickle-down starts from the major miners and reaches the small explorers I would expect CGNR to rank high in choice for potential investors.

I mean the repayment amount is huge - distressed borrowing taken full advantage of...

My concern is what will the financing terms be for this £15m in Q3...

This has battered the SP in anticipation thereof...IMO

I mean it really is a ruddy good JV agreement and the market just has not appreciated it...yet.

I think the salient point here is that DEMIR have to meet ALL costs for EACH project up the construction stage.

The initial spend gives them interest in the overall licence area but beyond this they have to meet all expenditure to bring each individual project within the licence area to the point where we are ready to start construction.

SO we now know what the offtake will/could look like, if the project proceeds - and I think it's a good potential agreement.

BUT I think this also provides an indication as to the exit strategy of the main private investors. The Chinese are not, LT, interested in 50% of anything, it's always a stepping stone to acquiring the full asset and this is what they are doing globally. Buying up commodity supplies.