Conroy Gold & Natural Re... Share Discussion Threads

[newprom] 19/7/2016 17:12

Mineng.I note you state that these are encouraging results,although you have your reservations about the way they were presented.I do respect your opinion ,so what is your honest idea of a fair share price and market cap for this company? I note that at an earlier time you were critical of the company but stated that the market cap was about right for the risk to reward.At the time we were not in such a good position and the market cap was similar.Could it be that you now think the market cap should be higher?

[newprom] 19/7/2016 17:05

Background buyer willing to keep buying at these prices and probably more.Difference between when Cynical lost so much money is a higher gold price which is heading ever upwards instead of a plummeting goldprice.The company is in a far better position.And no doubts Metal tiger will want results and be pushing the board all the way.No need to dawdle now and no benefit to Conroy and co to dawdle.Good start yesterday but far to go and we should be getting more results on a regular basis and be slowly building a better position for the company.Present share price is ridiculous for what the company has and the amount of upside news possible in a short while.

[catswhiskas] 18/7/2016 17:46

Back to 29p punters better take profits quickly before they all evaporate by the end of the week

[thecynical1] 18/7/2016 12:07

isn't funny that the rampers ( the new lot ) are :

1) apparently blind to what has been going on with this company for years

2) appear to be under the impression that "conceptual" figures have a basis in reality when in fact they are just numbers pulled out of basically nowhere

3) possibly unaware that salaries and pension contributions consume a hefty chunk of overall spend

4) may not have nlticed that they have a fairly small amount of indicated resources - and an awful lot of inferred resources.....some of the rampers may wish to check the difference....

5) possibly don't appreciate that reserves are different to resources in JORC terms - if you don't know the difference, you should probably waste your money in a casino.......

6) probably aware of the fact that, three years ago, they were talking about having a mine in operation in three years.....in fact this three year story has been around for a lot longer than that...

Funny the way share price drops on such a "positive" RNS.....hilarious...imo.

[xcap] 18/7/2016 09:22

The grades aren't bad at all, these are shallow drill holes and have shown gold The higher grade gold is usually always found deeper - check dalradian grades which are world class who are progressing an underground mine This is a 30 mile gold trend and from today's release these drill result confirm continuity in all directionsThe potential is outstanding and these drill results further confirm confidence in the mineralisation

[activeinvestor] 18/7/2016 08:04

Look at the bigger picture.
It is Open pit mining.
The professor says: "The newly discovered gold zones significantly upgrade the potential of the Glenish gold target, which is close to our already established Clay Lake- Clontibret gold target, and further enhances the prospectivity of the Company’s gold licences in Ireland”

[4marlin] 18/7/2016 07:56

gold is narrow veined and mostly low grade.
and deep.

[effiert] 18/7/2016 07:36

CGNR well upgraded resource..Looks like we don't have 5 million oz of gold then.We have more and 1.5 million cash and MC of £3 Million

[effiert] 18/7/2016 07:31

HUGE news and more to come

Conroy Gold & Natural Resources Plc New gold zones intersected in Glenish drilling

18/07/2016 6:00am
UK Regulatory (RNS & others)


TIDMCGNR

18 July 2016

Conroy Gold and Natural Resources plc

("Conroy" or "the Company")

NEW GOLD ZONES INTERSECTED IN GLENISH DRILLING

* Gold Zones Lie within 150 Metre Wide Structural Corridor

* Gold Mineralisation in Bedrock Traced Down Dip for over 70 metres and
Remains Open in All Directions

* Gold in Bedrock Confirms the Extensive Gold-in-Soil Anomaly

__________________________________________________________________

Conroy Gold and Natural Resources plc (AIM: CGNR, ESM: CGNR.I), the gold
exploration and development Company focused on Ireland and Finland, is pleased
to announce that four new gold zones have been intersected in a drilling
programme on its Glenish gold target in Ireland.

The drilling results, together with previous channel sampling in the area which
had proved 1.3 metres grading 9.4 g/t gold, demonstrated the presence of the
four new gold zones in a 150 metre wide structural corridor in the western part
of the Glenish gold target.

The new drilling results included intersections of 2.25 metres grading 2.65 g/t
gold, at a depth of 18 metres; 2.0 metres grading 1.59 g/t gold at a depth of
27.75 metres; 2.75 metres grading 1.43 g/t gold at a depth of 36 metres and 3
metres grading 1.76 g/t gold at a depth of 64.25 metres.

The gold mineralisation in bedrock in the drilling area was traced down dip for
over 70 metres and remains open in all directions.

The Glenish gold target is a large, 147 hectare, gold-in-soil anomaly located
7.5km southwest of the Company's Clay Lake-Clontibret gold target where the
Company is targeting a potential of five million ounces of gold.

This release has been approved by Kevin McNulty PGeo, who is a member of the
Company's technical staff who holds a BSc/MSc in Geology and Remote Sensing, in
accordance with the guidance note for Mining, Oil & Gas Companies issued by the
London Stock Exchange in respect of AIM Companies, which outlines standards of
disclosure for mineral projects.

Professor Richard Conroy, Chairman, commented:

"The newly discovered gold zones significantly upgrade the potential of the
Glenish gold target, which is close to our already established Clay Lake-
Clontibret gold target, and further enhances the prospectivity of the Company's
gold licences in Ireland".

[xcap] 15/7/2016 17:57

A 30 mile gold corridor, which cgnr will selectively farm out/in to, most likely, Canadian mid-tiers A supportive ministry of natural resources The next Yukon gold centreAt £5 mcap still only £55m

[vivgav] 15/7/2016 17:10

Nice chart here now!

[activeinvestor] 15/7/2016 15:51

Starting to build.
Will not see under 40 again.
The Glenish results should be good going on previous samples as YOGI stated.
This could have built a head of steam by the time they drill at Clay Lake.
It dosn't matter if you bought at 18p or 50p it is going to multibag each time they release results to prove up the reserves.

[effiert] 14/7/2016 16:22

Breaking out now and nice consolidation here.


CGNR really is a no brainer at these levels. CEO bought £200k worth recently. Then you have also £11b potential vs £4m market cap of which £1m is cash and NO DEBT.!!

Everyone should read the below link just to see it for themselves!

[mustau] 14/7/2016 16:15

Can't buy jack

[effiert] 13/7/2016 20:04

spot on newprom

[newprom] 13/7/2016 19:13

The investment from Metal Tiger and the subsequent drilling was a game changer.You were calling for drilling ,well now they are doing what you said they needed to.Investors are pouring into this share because it is so obviously undervalued and has such a long way to go to hit fair value.We could get results very soon so this will only continue to attract support.Metal tiger do know the time of day and many follow them.This share has a long way to go.

[thecynical1] 13/7/2016 14:41

why on earth would anybody with two brain cells to rub together, who has been here as long as you have, decide to top up now????? why not a couple of months ago when the price was sub 20? more bull.........it just gets better on here.....newbie rampers and old hands like newprom encouraging the newbies...comical imo.

[thecynical1] 13/7/2016 14:37

hilarious....

[effiert] 13/7/2016 11:22

past 38p and theres no resistance to 60p.. all buys today as well

[newprom] 13/7/2016 11:21

I have been topping up lately.It would be rude not to!

[newprom] 13/7/2016 11:17

Effiert.You are absolutely right when you state that Cynical is "a sad little deramper who has a grudge against CGNR" He has admitted that he invested in the company at much higher prices ,at a time when the company was not in such a good position and when gold prices were falling rather than going up.He lost a lot of money but we have to thank the early investors for funding the company.We have to feel sorry for him,really.

[effiert] 13/7/2016 09:10

The CEO recently bought £200k worth of shares as did MTR.

I would rather follow them then a sad little deramper who has a grudge against CGNR.

[thecynical1] 13/7/2016 09:08

to all the newbies on here.....

Check out director loans.....

The ratio of salaries/salary costs to overall expenditure on exploration/drilling.....

The use of terms such as "conceptual" when talking about possible quantities of gold....in the real world, the normal terminology involves terms such JORC-compliant.....inferred/indicated/measured - the word "conceptual" is NOT a term used by companies if they want to be taken seriously. Why do you think they use this term? penny starting to drop?

How long are they going to need to actually get any kind of production going here? One shouldn't forget that three years ago, they were talking about "three years as the timeframe"...their world obviously exists in a different time-space continuum.

all obviously jmo.