Member Info for Tex2374

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.

I think we will see some delayed buys come through around the 27.5 mark, jumped up when we had 3 on the ask at 27.5, watch this space....

yes, looking like a solid move north now....

Wise - looks as though you were spot on with your call and your timing!

Let see where we go from here.

GLA

Looking perky today! L2 showing 26p could be going soon.... slow and steady wins the race!

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.

Another day of solid volume. Looking good.

Dibs, I think this time they will deliver, I could be wrong, but the signs seem good and if they get the JV done then this is going to relate materially from the current share price.

Strong close. Hopefully a steady rise to the EGM announcement!

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

The other thing to remember is that the liquidity in this share is low. It doesn't take much demand to make it move north at a rate of knots.

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.