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Definitely, a few 'chill pills' need to be taken here!

The original 14th July RNS stated: "During the exclusivity period, Anglo American will be permitted to conduct a technical review which, if satisfactory, may result in an extension of the exclusivity and the negotiation of a commercial transaction. "

It does not specify the length of the possible extension of the exclusivity but clearly (now) it was another 6 months.
However, the RNS from 7th December stated that AA has completed its technical activities (presumably fieldwork and any drilling and sampling it wanted to carry out) and was going to do further due diligence and submit queries.
I would suggest that they are presenting this as possibly taking up to six months on the basis that Christmas was coming but at the same time, they'll need to check the status of both companies' licences and registrations etc. etc. Given this is Zambia and not the UK, presumably there is some allowance for the longer time it might take to carry out such activities.
They probably won't take six months and would probably be much sooner but they might as well ask for that!

I'll say again, personally I would prefer any deal AA do with ARCM to be for a specific prospect or set of prospects (in a deal similar to that struck by GGP and Newcrest) rather than trying to take the whole company . This way, both companies would / could win. Otherwise, longterm ARCM shareholders (from the 'Ortac days') such as me will never see the SP required to break even!
I also think the strategy as regards the potential development of the smaller Cheyeza East and Kalaba prospects is a good one whereby production will eventually fund future exploration / development elsewhere across the licences or simply return dividends to us long-suffering shareholders!

Link Asset Services are the share registrars for Conroy. You can find their contact details here:
https://www.conroygoldandnaturalresources.com/corporate/directory
and here:
https://www.linkgroup.eu/services/services/share-registration/

You'll need to contact them to get a new share certificate issued and due to the consolidation mentioned by LewSur which happened on 23/11/2015, you'll unfortunately be down to 90 shares. But it's best speaking to someone at Link to check.
Hope that helps?

https://www.fca.org.uk/markets/short-selling/notification-and-disclosure-net-short-positions

If shorting is present on 1m, 2m or 3m, it is nothing when the shares in issue are 2+ billion. And it won't figure in the list above.
The reason the SP is a 'bottom feeder' is the fact that nothing LC / the BoD has reported on in more than 2 years has come into fruition. So basically the market and PIs have for now, lost faith in anything that is announced. If that changes and there is some tangible progress, expect a proper uptick...

and have it close to a port...

I would be interested to know people's thoughts on this RNS this morning and how KIBO might be actually fitting into the energy supply equation in Tete / Mozambique. Are NCCL far ahead (and if so, by how much) of KIBO in Mozambique?

https://www.lse.co.uk/rns/NCCL/submission-of-market-and-feasibility-studies-mwimuqz92d9bqog.html

But to be honest, it's quite a concern that it's all taking so long, even with covid-19 restrictions. Due diligence shouldn't take this long. If this is AAZ being 'entusiastic' about the JV, I'd hate to see them being unenthusiastic!

I'm actually beginning to wonder myself!

Graham + Hierarch - I will try to gather some thoughts over the next couple of days and get back to you!

I was going to say that! The Baobab PPA has gone backwards from being ready to sign to a draft.

I'd missed the Corporate Profile video posted on 21st October. However, a whole series of maps depicting the geochemical anomalies and drilling have appeared in recent days on the CGNR Twitter account.
https://twitter.com/ConroyGoldplc

It wouldn't be the first time that AA have held shares in a company it had an interest in through a proxy (one of its subsidiaries) and worked to maintain the share price at a certain level to its benefit. I know from personal experience over 25 years ago! I've thought this might be happening for a while but am still stuck at a high average from the Ortac days which I can't afford to average down.
My hope is that if AA are interested, any deal will be for funding a JV for a particular area / prospect rather than taking the whole company (a la GGP and Newcrest). At the end of the day it would be lower risk for AA too.
But the way the SP has been hovering around the 4p for months is suspicious and quite a concern...

Enough said.

Hopefully, LC will get a message that there are PIs who are totally disgruntled with his management. 17% of the votes were against and despite it not being anywhere near a majority needed to kick him off the board, it's still sending a message. The BoD has to pull its finger out now as has been said by others here.

but truly believe the BoD and LC in particular need to stop misleading the company's shareholders. They have effectively been doing this repeatedly this year (and longer) with things like Bordersley and the Baobab PPA, none of which have or are coming into fruition when 'promised'. There is a clear modus operandi here and it really needs to change. The BoD need to change and the company's strategy probably needs to change (like stopping hiving off its assets and probably, in all honesty, its focus on coal - oh how it pains me to say that!).
I just hope that some of the larger shareholders realise this and vote against reinstating the incumbents on Monday. The company could find a new set of directors, assess whether the current projects are really going to succeed and if so, take them forward with some renewed vigour. If not, Africa and other continents are still going to be crying out for energy and there are opportunities for renewables which might be investigated. Kibo could also head back into metals exploration / mining or even 'energy metals'!
SO no need to be doom merchants - or only perhaps if the current 'status quo' remains after the AGM!

Well detailed Gillie - thanks. I've already instructed my vote against resolutions 3, 4 and 5. There has to be better quality and more honest, competent people to run a company and not hive off all its assets at low cost to the detriment of shareholders. Most recently, where's the Baobab PPA we were promised?! Time for LC and the others to go, I think.

So who's voting against resolution 3 at the AGM then?!

Initially, I was very cynical about the timing of the AGM given I have been with CGNR for over 12 years now and have seen every trick in the book!
However, if you consider the timing of the release of the Final Results (which themselves cause a little bit of concern over the discussion of 'Going Concern'), an AGM should occur at least 21 days from that release (I think) which basically explains the AGM date.
I did think that perhaps with the AGM being that close to Xmas, it would be an opportunity to 'bury bad news' with most people looking the other way and being more concerned with who they are going to invite into their houses for Xmas dinner but then I thought again about the legal requirements of it all!
Besides, the issue of the outstanding monies due to previous directors has been knocking around for at least 2 years now and they are all 'family and friends' who stand to benefit more by CGNR remaining a going concern rather than them calling in the debt.
There's no other indications that the deal won't or can't go ahead and at the end of the day, if it was an issue of paying the debt, CGNR could simply issue more equity to AAZ (if they wanted it) and just give them a bigger stake but remain in business.
For CGNR, once it gets past this phase, I suspect the Finnish licences will be the next focus of attention, given the potential copper interest and the stable mining jurisdiction. But I don't know enough about those other than to speculate (more!).

Is there anybody else wondering whether the necessary EGM to approve the proposed JV will be tied in together with the AGM on the 23rd December? If that was to be the case, an announcement would have to be made before next Wednesday in order to give the necessary notice for the EGM to be held at the same time. Which means that the deal would have to be signed by that time too. This is maybe just wishful thinking though...!

Everyone has a chance to not re-elect LC to the Board in the upcoming AGM. Contact the people who hold your shares or respond to the documents sent to you (if you own the certificates) and vote against resolution 3 specifically which will vote not to re-elect LC to the Board or resolutions 3, 4 and 5 if you want to 'remove' some of the other directors too.