Connemara Share Discussion Threads

[liquid millionaire] 28/10/2014 13:41

Please find attached Dowgate Capital’s research note on Connemara Mining (CON.L) that has been issued this morning.

“… at the current market cap of £0.84m, which we view as an unwarranted armageddon valuation, the downside risks seem low and reflect the slower than expected development of Stonepark and Pallas Green, rather than potential of other projects, commitment of management, improved Group financial position or higher zinc price background. To this end, we recommend Connerama Mining as a junior exploration resource contrarian ‘Buy’.”

[caveat_emptor] 21/10/2014 09:31

Why these companies want to stay registered in Dublin
beats me. How they think they can compete for cash in
the markets...when as a uk reg, the stamp on AIM is zero
is'nt it? On ISEQ it is 1%. Buying in Dub or Lon is subject
to stamp if the co is IRish regged.
Or have I got that wrong?
Anyway some will thnk this worth bottom fishing, and the
thought did strike.....but " catch a falling knife"

[soul limbo] 20/10/2014 16:33

A hatrick of disasters.. CON, CLON and PET.

[caveat_emptor] 17/10/2014 10:07

Cash is raised and the shares seem
To be in freefall soon after.

[the diddymen] 04/10/2014 09:56

I suppose you could say that this band of directors can run a company. They ran their private company Cooley Whiskey very successfully.

[caveat_emptor] 26/9/2014 09:41

I wonder how long the funding source will hold these shares at 2p?
Only about 16m to go?

[caveat_emptor] 25/9/2014 12:10

The fundraisers paid 2p for these last week now somoen is suggesting we pay
33% profit in those today?

[caveat_emptor] 25/9/2014 10:45

that must be a buy this am...

[cascudi] 23/9/2014 14:55

Interesting article about zinc

hxxp://www.wallstreetdaily.com/2014/09/22/zinc-prices/

[caveat_emptor] 19/9/2014 09:42

It's called "dilution"

[fenners66] 18/9/2014 21:39

Curry
mainly due to their dismal performance the last few years.

Err not the last few years - for Ever more like.

[fenners66] 18/9/2014 21:37

"Why would the two directors put in cash to take back wages where they pay top rate tax?"

Because it costs them £25k each to ensure that they have £400k to spend.

How many shareholders would love to get a 1600% return?

You are right something is up, its the fact that this is all perfectly legal to fleece shareholders again.

[caveat_emptor] 18/9/2014 12:18

Dont forget the spat that has seen Sallad3's 70 grand flushed down the tubes.
That's what I call D I L U T I O N....man!!!

[currypasty] 18/9/2014 10:20

ps I took part in the last CON placing at 5p, now placing at 2p.. why should anyone bother ?

[currypasty] 18/9/2014 10:19

the buyers strike on aim resource is tosh!

I have had a steady stream of placings from a wide selection of AIM oil an gas and resource, pretty much all have got them away at a good price. Look for example at the recent Horse Hill group of companies. Ive taken part in 3 of those placings in the last month or so, and all are in profit now and doing well.

The fact is that the AIM resource sector is fine, but no-one is interested in Clontarf stocks any more, mainly due to their dismal performance the last few years.

[soul limbo] 18/9/2014 10:12

if they didn't pump in the money.. this would go bust.

Nothing is happening.. they've been doing these sorts of fund raisings before.

[ruthie] 18/9/2014 10:08

Why would the two directors put in cash to take back wages where they pay top rate tax?

The amount raised suggests something is up.

[caveat_emptor] 18/9/2014 09:24

If the market only pays 2p why should anyone
else pay more?

[soul limbo] 18/9/2014 08:13

Nice way to get free shares. He buys shares in a placing so that he can pay himself wages for the next year.

[currypasty] 18/9/2014 08:10

Connemara (AIM: CON) announces that it has raised GBP400,800 through the issue of 20,040,000 ordinary shares of EUR0.01 each (the "New Shares") at a price of 2 pence per New Share (the "Issue Price") (the "Transaction").

The net proceeds of the Transaction will fund further work on the Company's portfolio of exploration projects in Ireland and pay on-going corporate costs.

[goldeneye5] 17/9/2014 13:40

Don't own this stock just noticed that statement this morning. Bizarre RNS to release.

[caveat_emptor] 17/9/2014 09:10

Quote...."This despite a private buyers strike on the AIM Market for junior exploration companies."