Member Info for Time_Lord

Valuation is just ridiculous now.

Possibly by the end of the week at this rate!

Can't buy in size but they'll happily take 50000 shares off me in one hit !

How could you forget about the mighty Rockfire?!

Drill results due imminently...

There is no reason to doubt it that I am aware of. CGNR featured heavily in AAZ's company presentation from 3 weeks ago:

https://wp-angloasianmining-2020.s3.eu-west-2.amazonaws.com/media/2020/09/30155141/Anglo-Asian-Mining-Proactive-Presentation.pdf

Worth noting the the price target of 138p is based on the 0.5m oz JV at Clontibret. But that particular deposit could be much larger as it is open in all directions and has not been fully drilled - it could be over 5 times bigger!

Also note that the rest of the CGNR sites - where they are targeting another 8.8m oz - are only given a value of US$9.2m as part of the price target (vs US$45.9m for the 0.5m oz Clontibret deposit).

https://mcusercontent.com/d266f47cec87da1170bcd0f35/files/39316c12-d2b4-4dbd-9553-475c15c69f96/FEL_Buy_Rec_Conroy_Gold_and_Natural_Resources_plc_TP_138p_20_Oct_20.pdf

90p is only a 27m MCAP - it'll be worth a hell of a lot more than than if and when they find 8m Oz!

This is ridiculously undervalued against its peers!

Precisely MAJWandCo. - would AAZ really have bothered to include 3 pages on CGNR in their company presentation if the deal wasnt going ahead:

https://wp-angloasianmining-2020.s3.eu-west-2.amazonaws.com/media/2020/09/30155141/Anglo-Asian-Mining-Proactive-Presentation.pdf

Post from PXC on Twitter of the first gold to come from the Empire Mine in 80 years:

https://twitter.com/Phoenix_Copper/status/1316690017771716608

Nice to see a relativiely small number of buys moving the price. Seller has cleared?

Yep, another two 50k buys, someones loading up.

Good to see some large buys going through today, and a could of sizable delayed buys from yesterday.

Q4 starts today so that updated Resource hopefully isnt too far away.

The the big seller finished a few days ago as far as I can tell, and that was executed quite well to be fair. It's unfortunate that we have had a broader market downturn and then a fall in PM prices which have further depressed the share price. However I believe that these are exactly the types of opportunities where big money is made (if only I had more cash!).

It's small trades that have been driving the price for the past 2/3 days (and possibly MM manipulation, if the chunnerings on certain boards are to be believed...) PIs are not rational, with the amount of news due to arrive shortly, this is the worst possible time to sell. What has been very interesting is that I have been been doing regular dummy sells for many multiples of EMS, and at no point in the past week have I not received a quote. The same cannot be said for buys.

I think it's a perfectly healthy pull back. Prices had got massively overextended, so it's only right that that they correct and come back into balance. I full expect the price to continue on its upward trend in the coming weeks. Here is a chart: https://www.tradingview.com/x/CQJxFGPH/

The only question on my mind is whether I top up now, or risk seeing if it goes lower.

Have you seen all the late reported trades that have come through from yesterday - wowzers! Over 800k worth. Wonder if we'll get a TR1 in the coming days?

Certainly is cheap - I can't think of a better opportunity at this moment in time on AIM. Minimal downside and massive upside, only a bit of patience needed. I don't have a target personally, happy to let it play out over the coming months and years.