The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
100% focus should be on the JV being signed and funding for the mine secured. Combine that with a £10m mcap (as the Share is priced for the JV to fail) and the weight and capability of Demir to take the project forward and you have to be blind to not think there is a material upside here.
The risk is the JV not getting done (as it has always been), if Demir didn't think there was enough gold there, then we wouldn't have even got to this stage. Therefore a mute point in my book.
I think the JV is going to get done, I would be wrong, but time will tell. £1 = £39m Mcap....... plenty of upside once JV is secured.
All IMO, DYOR.
Tex
Seems 33/34p potential according to ZAK as well : https://twitter.com/Share_Talk/status/1437476216705990657?s=20
Hopefully this is our settling point prior to the RNS on the EGM.
Thanks for the analysis Wise, it does seem as though sentiment is turning and we are seeing a nice gradual increase in price supported by good volume.
Could be a good rise ahead of the EGM notification. Just a waiting game for the RNS! This is still priced to fail so material upside from here if the BoD can deliver on their promises.
Tex
Some top ups and also new investor(s)
Seems our seller is around still but with less frequent sells which is encouraging.
There is good visibility around the buys on the Telegram group. One investor has added 400k today.
it's the new cool place to hang out OB... 65 members and rising :-)
Hi Amin, here is a Jan one already with 60 members. Address in this tweet..
https://twitter.com/Hierarch343/status/1433095821797494790?s=20
Maybe we ask the company about to sign a JV? I think they will have done sufficient DD to check on their potential investment and clearly we are now very close to the final agreement and EGM being called.
The signing of the JV is the catalyst for the rerate as it sets CGNR on a path to mine production. Estimates are good, but to be honest with a £9m mcap any sniff of extractable gold and a path to getting it out the ground will send this thing north at a rapid rate! £1 sp is only £39m MCAP!
JV should be the focus, Demir know what they are doing and will have researched to ensure there is sufficient gold there. Anyone who thinks there is not a material rerate from £9m when Demir come on board is one sandwich short of a picnic.
Movement coming. 200k shares taken in chunks at 7.5p....
Seems there is a bit of buying momentum.
Hopefully we get notice of the EGM by the end of Sept. The interview doesn't provide anything more than we already know, unfortunately, apart from confirming they will RNS the EGM meeting date within a few days of concluding the JV proposed agreement.
Just a waiting game now.
https://twitter.com/ConroyGoldplc/status/1433345657390129154?s=20
Correct PositiveVibes - if the BoD deliver on what they say they are going to do , then this will rerate materially.
Currently, the market is clearly skeptical about that, classic risk and reward play.
I am happy to play that game and take a punt at the current levels, let's see if the BoD deliver! Personally, I think they will...
I tend to agree that an EGM before Christmas makes sense. So probably 1.5 to 2 months away from notification.
Not long to wait. I am happy to put it in the bottom draw. As has been stated this is currently priced for the JV to fail so if we get an EGM notification and terms along the lines of the LOI expect it to rocket.