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Share Name Share Symbol Market Type Share ISIN Share Description
Conroy Gold & Natural Resources Plc LSE:CGNR London Ordinary Share IE00BZ4BTZ13 ORD EUR0.001
  Price Change % Change Share Price Shares Traded Last Trade
  -0.50 -1.52% 32.50 139,948 14:13:03
Bid Price Offer Price High Price Low Price Open Price
31.00 34.00 34.00 32.50 33.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining -0.49 -2.16 10
Last Trade Time Trade Type Trade Size Trade Price Currency
16:09:53 O 951 31.55 GBX

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DateSubject
28/11/2020
08:20
Conroy Gold & Natural Re... Daily Update: Conroy Gold & Natural Resources Plc is listed in the Mining sector of the London Stock Exchange with ticker CGNR. The last closing price for Conroy Gold & Natural Re... was 33p.
Conroy Gold & Natural Resources Plc has a 4 week average price of 28p and a 12 week average price of 22.50p.
The 1 year high share price is 39p while the 1 year low share price is currently 4.50p.
There are currently 32,259,705 shares in issue and the average daily traded volume is 129,425 shares. The market capitalisation of Conroy Gold & Natural Resources Plc is £10,484,404.13.
10/11/2020
17:33
stevea171: Goldrush. Full 11 page Broker Note is here: 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 Conroy Gold and Natural Resources plc (CGNR.L)*- 20 Oct 2020 Anglo-Asian JV sets Conroy onto path towards Producer Status? Back in July 2020, Conroy Gold and Natural Resources (CGNR.L) announced a landmark proposed JV with mid-tier mining company Anglo-Asian Mining, which could see an acceleration of the Group’s Irish gold projects towards resource definition and mining at its flagship Clontibret project, and possibly other nearby gold targets. In this First Equity Limited initiation note, we examine this JV link up, its significance and evaluate its potential value across Conroy Gold’s project portfolio for shareholders to derive a share price target. - The objective of the Anglo-Asian Mining JV will be the development of a gold mine at Clontibret and on an extensive exploration and development programme on other gold targets along 65 km of the Orlock Bridge Fault Zone in the Longford-Down Massif. - A staged work programme is set out as part of the proposed JV, in which to attain a 55% interest in the project, Anglo-Asian would spend all expenditure required to bring the Clontibret Gold Deposit to a ‘fully permitted mine construction ready status’. - JORC resource of 0.5m ounces gold already defined at Clontibret. This could represent circa 20% or less of Clontibret’s potential, considering the deposit is open to depth and in all directions and most drilling so far on the Clontibret deposit is less than 200 metres in depth, to a maximum depth of 350 metres. There is also a vast wealth of other gold exploration targets still to be tested, some of which have already demonstrated gold in bedrock. - The (JORC) exploration target over Conroy Gold’s Clontibret, Clay Lake and Glenish gold-in-soil anomalies in the northeast area alone (and excluding the 517,000 ounce Clontibret deposit) has an estimated potential of 8.8m ounces of gold (Prof Earls 2018 Study). This underlines the enormous upside and value that could be unlocked from an accelerated work programme led by JV partner in waiting Anglo-Asian Mining.
27/10/2020
12:16
stevea171: Extract from the 20/10/2020 Broker note on CGNR giving a target price of 138p. Anglo-Asian JV sets Conroy onto path towards Producer Status? Back in July 2020, Conroy Gold and Natural Resources (CGNR.L) announced a landmark proposed JV with mid-tier mining company Anglo-Asian Mining, which could see an acceleration of the Group’s Irish gold projects towards resource definition and mining at its flagship Clontibret project, and possibly other nearby gold targets. In this First Equity Limited initiation note, we examine this JV link up, its significance and evaluate its potential value across Conroy Gold’s project portfolio for shareholders to derive a share price target. - The objective of the Anglo-Asian Mining JV will be the development of a gold mine at Clontibret and on an extensive exploration and development programme on other gold targets along 65 km of the Orlock Bridge Fault Zone in the Longford-Down Massif. - A staged work programme is set out as part of the proposed JV, in which to attain a 55% interest in the project, Anglo-Asian would spend all expenditure required to bring the Clontibret Gold Deposit to a ‘fully permitted mine construction ready status’. - JORC resource of 0.5m ounces gold already defined at Clontibret. This could represent circa 20% or less of Clontibret’s potential, considering the deposit is open to depth and in all directions and most drilling so far on the Clontibret deposit is less than 200 metres in depth, to a maximum depth of 350 metres. There is also a vast wealth of other gold exploration targets still to be tested, some of which have already demonstrated gold in bedrock. - The (JORC) exploration target over Conroy Gold’s Clontibret, Clay Lake and Glenish gold-in-soil anomalies in the northeast area alone (and excluding the 517,000 ounce Clontibret deposit) has an estimated potential of 8.8m ounces of gold (Prof Earls 2018 Study). This underlines the enormous upside and value that could be unlocked from an accelerated work programme led by JV partner in waiting Anglo-Asian Mining. hxxps://mcusercontent.com/d266f47cec87da1170bcd0f35/files/39316c12-d2b4-4dbd-9553-475c15c69f96/FEL_Buy_Rec_Conroy_Gold_and_Natural_Resources_plc_TP_138p_20_Oct_20.pdf
21/10/2020
19:39
stevea171: Roger. It seems the sky could be the limit wrt amount of resource to be discovered on CGNR's licences! If the gold is not associated with other metals it should make the processing easier and cheaper. First Equity in yesterday's note have updated the 2011 Scoping study estimate for the CAPEX for a mine at Clontibret. $81 million. This seems very cheap to me. AAZ have net cash of $30 million plus right now so they are moving towards the half way mark of the capital they would need for building a 440k oz per year CORRECTION 40k oz pa gold operation. This may be scaled up in due course. 1 million CGNR shares traded today. It seems the day traders were out in force so the share price came off the day's highs with profit taking this afternoon. Hopefully soon there will be more investors with the confidence to hold for much higher prices as work on the ground gets under way.
10/9/2020
11:54
rogerramjett: Not a problem if they use finance or share holder equity at a much higher price. £50m between AAZ and CGNR would leave just under £25m for CGNR to raise, based on your assumption. If they get to that stage the mine would be viable, AAZ would have done the ground work and the CGNR share price would be many multiples of where it is now. 31m shares in issue is not a problem at £1 or £2 per share (MCap still only £62m at higher SP) Raising £25m only adds 12.5m shares into the pot and the dilutive effect would be negligible because it would be put to good use, not to line pockets. Reading a recent RNS there are finance warrants based upon achieving an share price of £2 so it has been considered by the BoD as a distinct possibility that that will be seen.
22/7/2020
14:29
chrysos: A mere 15 days ago I suggested that Conroy should get off their a$$ and do a deal, ANY deal, on ANY terms, with a partner, ANY partner, rather than pursue the current plan of SFA, and amazingly, this week, after nearly 20 years of waiting, they seem to have done just that! For Conroy it was any port in a storm, Newmont or Barrick they certainly are not, so who is this new partner AAZ? Well they bear a remarkable similarity to Conroy, or at least what Conroy should have been from 2010, if the promises had been kept. They are AIM listed, but with a single-country presence in a small independent former colony on the fringe of Europe (Azerbaijan), and they are majority owned (~30%) and run by a couple of politically-connected, elderly Azerbaijanis. There the similarity ends! Their resource/reserve (and to their credit it is mostly reserve) is around 1.2Moz at 2-3g/t, they have built a mine and they produce circa 65,000oz per year (~90,000 GEO) from their main open-pit operation, which they have built up in only a few years. At a share price of 130p they were 20 times the size of CGNR (£150M) at the time of the deal. Everything Conroy could have, but failed to be a decade ago. So far so good! The downside is their leases are relatively short, some to the mid 2020’s and their royalties (currently a whopping 13%) head for 50%+!!! in a couple of years too, plus I’m sure Azerbaijan isn’t really the wonderfully stable operating environment they make out, so one can hardly blame them for seeking to diversify and extend their life, which is where this deal comes in. We can hopefully expect them to commission some actual work, which they can actually afford, being cash and dividend generative, and quickly. They are certainly no dummies either. For a mere £7M, which THEY get to spend in the ground, they acquire 52% of the main assets. It shouldn’t be difficult, as that sum should easily take Clontibret to a mine-ready status with no additional costs. Cleverly they have ring-fenced their investment and ownership into THE PROJECTS, and individually at that (Clontibret, Clay Lake, anything else they fancy) so can easily cut any driftwood as they see it and focus the cash where it is best put to use. Obviously, they have no appetite for CGNR paper, or sitting shoulder to shoulder with the present BoD, and are happy to steer clear of the associated liabilities and reputation, so present shareholders are stuck with these. So how is this likely to play out? Well RC is wily, so I imagine he will get a placing “for working capital” away PDQ, and convert a lot of his “debt” before the share price goes too far north, so major dilution for the rest. I have no doubt that AAZ can do the job, although I worry about their true understanding of the challenges. Ireland and the UK (Clay Lake is in N. Ireland) are very different jurisdictions to Azerbaijan, and any mine is going to be operationally similar and equally or more environmentally sensitive (just look at their website gallery and transfer that to the Monaghan countryside). Good luck doing here what they achieve in a couple of years there. Plus I doubt Conroy at this stage REALLY have the local team and experience to contribute much (but help can be hired). If, and it’s a big IF, it comes to that, they may flip their 50%+ of the project(s) to a bigger player in a couple of years, or if they do build, I imagine will easily dilute Conroy down to a minority/royalty on the shared development costs. Either way, thankfully it is largely out of Conroy’s hands now. What’s the best strategy? I’d ride this wave for a bit to extract the best value, then quietly start shedding and buying AAZ before they get too far into the project(s) and whilst there is still good news to be had. JMHO.
21/7/2020
11:30
richgit: Never mind the anti-Conroy brigade,just consider that many such- know little about Gold/Precious Metal assets said do not buy EUA at under 1p even just a few months ago Just maybe AAZ want to know if there are 5 million-8Million or the 25 million Ounces within Conroy`s huge acreage. 16 December 2011 Conroy Gold and Natural Resources plc ("Conroy" or "the Company") Clontibret Gold Project Scoping Update - Resource increased to over 600,000 ounces gold (Au) - Indicated category increased to over 250,000 ounces (Au) - Mine life increased to 11.2 years - Gold in-situ averaging over 50,000 ounces per annum for first five years of mine life - NPV(8) increased to US$72.3 Million: IRR increased to 49.4 per cent Conroy (AIM: CGNR; ESM: CGNR.I) is pleased to announce that it has received an Updated Resource and Evaluation prepared by Tetra Tech Wardrop Engineering Inc ("Tetra Tech"). on its wholly owned Clontibret gold project in Co. Monaghan, Ireland. The new resource and evaluation was developed to Joint Ore Reserves Committee ("JORC") standard and is an update on the scoping study previously undertaken by Tetra Tech. The update increases the resource to over 600,000oz Au, the mine life to 11.2 years and further enhances the economics of the project. The economic evaluation was based on a pre-tax financial model, taking a base case commodity price for gold of US$1,372 per ounce, this gave a 49.4 per cent internal rate of return (IRR) and a net present value (NPV), at an 8 per cent discount rate, of US$72.3M. 23/10/2013 The testwork results indicated fast oxidation kinetics, achieving over 90 per cent oxidation for both lode and stockwork concentrate samples. Maximum gold extractions achieved were 90.4 per cent and 87.1 per cent respectively with overall recoveries confirmed by Tetra Tech to be in line with their independent Scoping Study. BIOX®, which is a well established bacterial oxidation technique, was recommended by Tetra Tech as an appropriate technology for treating the gold sulphide concentrate at the proposed gold mine at Clontibret 15 January 2014 Conroy Gold and Natural Resources plc Confirmation of Preliminary Economic Assessment * Metallurgical Review Confirms Preliminary Economic Assessment * Sulphur Head Grade Lower * Capital and Process Operating Costs Reduction Conroy Gold and Natural Resources plc ("Conroy") (AIM: CGNR, ESM: CGNR.I), the gold mining company which is planning to develop its first operational gold mine at Clontibret in Co. Monaghan, Ireland, is pleased to announce that a review by independent consultants Tetra Tech Inc. ("Tetra Tech") of the results of the final mineralogical and metallurgical testwork programme on the ore grade material sent to Gold Fields/Biomin in South Africa, has validated the Preliminary Economic Assessment ("PEA") (Scoping Study) process design criteria and operating costs. The final mineralogical and metallurgical testwork results were analysed and evaluated by Tetra Tech in advance of an anticipated prefeasibility study (PFS) enabling Tetra Tech to confirm the preliminary estimates for the processing plant. The review of the metallurgical testwork results confirmed the key process design parameters, including the amenability of the ore to bio-oxidative pre-treatment, and the suitability of the proposed BIOX® oxidation process. Other than a lower sulphur grade in concentrate, results were as anticipated in the PEA. The decreased sulphur grade implies savings in both capital and operating costs. In relation to these savings the capital cost for the proposed processing plant is now estimated by Tetra Tech at US$ 18.5 million compared with the US$ 20.16 million in the PEA and the process operating costs are estimated to fall from US$ 13.64/t to US$ 12.26/t. 19/09/2014 19 September 2014 Conroy Gold and Natural Resources plc ("Conroy" or "the Company") A DEFINITIVE MINING PLAN IS IN THE COURSE OF DEVELOPMENT AT CLONTIBRET * Phase 1 To Comprise Starter Pit And Pit Extension * Phase 2 To Comprise Underground Mining And / Or Further Surface Pit(s) * Advantage Of Favourable Metallurgy And Infrastructure * In-house Preliminary Estimates of Capital Costs of US$41,493,000 And Operating Cash Costs of US$35/tonne ore Conroy Gold and Natural Resources plc (AIM: CGNR, ESM: CGNR.I), the gold exploration and development company focused on Ireland, is pleased to announce that a definitive mining plan is in the course of development at its Clontibret gold project. Phase 1 to comprise a starter pit and pit extension. Phase 2 to comprise underground mining and/or further surface pit(s). The Phase 1 starter pit will concentrate within a high grade, densely drilled portion of the resource and should result in accelerated total project capital payback within year 2 of the operation and a positive cash flow. Current metallurgical testwork is indicating very favourable flotation and downstream processing characteristics which together with favourable infrastructure and logistical support will be important in reducing project capital and operating costs. Phase 2 will comprise underground mining and/or further surface pit(s). For the underground mining option there are favourable grades and widths at depth that have been identified in drilling, such as 12.25 metres at 2.6 g/t gold including 6 metres at 2.95 g/t gold. This ore could be accessed by a spiral ramp at the base of the Phase 1 pit and mined by a high volume mining method such as sublevel block caving. The mining plan is set in the context of the remaining 80 per cent of the Clontibret target where significant gold intersections outside the planned mine area for Phase 1 have been previously intersected, including 11metres at 5.34g/ t gold and 21metres at 1.82g/t gold. In-house preliminary estimates of capital costs for Phase 1 are US$41,493,000. This includes Working Capital of US$3,579,000 and Sustaining Capital of US$2,391,000. The latter of which is anticipated to be paid for by cash flow over years 2-5 of the mine production Preliminary operating cash costs are estimated at US$35.79/tonne ore with total operating cash costs for the starter pit estimated at US$544/oz gold and overall total operating cash costs for Phase 1 estimated at US$693/oz gold. Total production costs for the starter pit are estimated at US$1,002/oz gold and US$947/oz gold overall for Phase 1. These figures are expected to fall further as future resource drilling and detailed feasibility and development work proceeds. Elsewhere on the Company's licences exploration continues along the 30 mile gold trend discovered by the Company, which stretches from County Armagh across Counties Monaghan and Cavan. Exploration is ongoing at the Clay Lake gold target (7km, 4.5 miles) to the North East of Clontibret where gold-in-soil values (up to 1.53g/t gold), double those seen at Clontibret, have been recorded and where drilling intersections of 98.6 metres at 0.57g/t gold (including 11.5 metres at 1.49g/t gold) and 5 metres on surface of 3.02g/t gold have been made. A recent detailed structural study by independent consultants suggests potential for high tonnage and overall gold content. Zinc exploration on the licences is also proceeding following the discovery of a very large (100 Km²) zinc anomaly to the south of the Company's Clay Lake gold discovery, and also the discovery, in rock samples, at the historic Cornanurney lead workings, of exceptionally high zinc levels of 30 per cent zinc and 18.40 per cent zinc. This release has been approved by members of the Company's technical staff, Michael Brennan (MSc, SAIMM) and Kevin McNulty PGeo, 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, Chairmancommented: "The definitive mining plan using a starter pit underwrites and de-risks the project and is set within what we believe is the beginning of a new European gold mining district with exploration and conceptual studies by the Company suggesting the potential for 15 - 20+ million ounces of gold within the 30 mile gold trend and also possibly zinc and other mineral potential."
14/7/2020
11:59
goggin: Hi CraffertWhat you say is true but what is the point of all the negativity. Are you invested? I think rich has laid it out clearly enough. When gold goes to $4000 plus, what do you honestly think will happen to the cgnr share price? A market cap of 40m is very probably, a market cap of 400 million is completely wild guessing but I have been around long enough to see things loose all reality when the market panics and everything goes mad.
16/3/2020
12:48
jlondon: GOLD PRICE From my 11 Mar 2020 post #9673, I cited the scoping study ie US$ 1, 3 7 2. The gold price has been $1, 2000 + for quite a long time ie as far as I can remember. So, US$1,372 is the base price for the scoping study. When gold went to US$1,600+, then of course it becomes more profitable. That alone means an extra $228 in pure profit from the base case of US$1,372. Ireland is a Tier 1 jurisdiction and therefore costs will be higher than a more risky jurisdiction. Majors etc are now looking at Tier 1 jurisdictions in the main if they can help it due to resource nationalism - this is widely known. Further, majors are looking for EXTENSIVE potential strikes and faults and this is also widely known [Alistair Ford, Mining Analyst said so]. It is not easy to obtain extensive acreages of potential strikes and faults as there are not many still going. One can get exploration licences with some effort from some reports in Ireland but it does not mean that they are given automatic mining permission. I cant quote the exact words but I recall that CGNR has development rights but kindly check. Lastly, Dalradian from initial research showed that they started small ie resource definition and worked up. These days, hard to get drilling funds of US$300m + or a bit less. It is common knowledge that Solgold is looking for the next US$150m + and that is also taking time as is known. Solgold share price is also falling despite MRE of 23 moz. Googin said that the current is new opportunities and risks. He equates it to gambling. For me, one has to do research and thereafter up to everyone to access risk vs reward. CGNR*s mkt cap is £3m and Solgold in recent times, prior to the share price fall was in the £300m area. Greatland Gold is £130m+ [JV with Newcrest having 30% of Havierion] with some 5moz touted in recent times. So, one is looking at all gold juniors and their reward vs risk profile, not just CGNR. With no data, how can one tell the potential reward? Mon, 16 Mar 2020.
27/2/2020
15:33
kevjones2: Goggin, we both made a mistake although yours is much worse. The scamsolidation was not 200 to 1, it 100 to 1. That was my mistake. However, you worked out its peak share price by multiplying the recent high of 40p x 100 to get an all time high of £40. That is incorrect. The share's peak price (ignoring consolidations) was £11.11p. Using today's share price which includes the 100 to 1 consolidation the actual high in today's terms was 1111 x 100 which is £1,100.00. Astonishing and all as it seems. To put it another way: if you take today's share price of 12.25p and divide it by the consolidation of 100 to 1, the comparable value with £11.11p is 0.1225p. The share price has gone from £11.11p to 0.1225p. Catastrophic does not cover it. I don't think there's a word to describe the collapse. Decimation does not work because there are always fools to keep the tiny share price ticking over.
15/2/2020
16:02
jlondon: "SP GLOBAL Feature: UK set for mining revival post-brexit if overseas investments flow: developers" 1.2.20 It mentioned: Cornish Lithium, Anglo-American & Sirius Minerals, Drakelands tin project {former Wolf Mining in admin}, Strategic Minerals tin & tungsten [Devon], Strongbow*s South Crofty, West Cumbria Mining [coking coal in Whitehaven with Canadian Osisko taking $1m in $2m raise]." "TSX-listed DALRADIAN Resources Curraghinalt GOLD project..purchased by Orion Mine Finance for around $600 Million in late 2018." "However, MUCH OF THE FUNDING is coming from abroad, notably CANADA and not from the UK. In terms of LICENSING, the UK govt has NOT hindered any new mining project. New mining opportunities may however be in HIGHER-VALUE PRODUCTS like GOLD and new energy metals including lithium & tin." "The govt approved the Woodhouse Colliery despite some local protests. Scotsgold & Sirius Minerals which is sited in a national park have faced only a "minor" level of environmental opposition." "The UK govt is very SUPPORTIVE of the development of new mines, Strongbow said." [After receiving a water discharge permit.] Link: hxxps://www.spglobal.com/platts/en/market-insights/latest-news/coal-/011720-feature-uk-set-for-mining-revival-post-brexit-if-overseas-investments-flows-developers ----- Dalradian was discussed on this forum relating to CGNR. To see Dalradian*s gold deposit & CGNR*s project - link hxxps://www.conroygoldandnaturalresources.com A/c to Brandon Hill, Dalradian {6moz gold] took some 30 yrs & CGNR 16 {potential 10moz per last Proactive Investor*s video dated 4.10.19. CGNR - Independent on Sunday, Ireland & Irish Times published the story about "at least" HALF A DOZEN international mining co*s are in discussions with CGNR dated Sun, 8 Feb 2020. Link: "MINING MAJORS WEIGH UP CONROY GOLD.-Indpendent ie, 8.2.20 hxxps://www.independent.ie/business/irish/mining-majors-weigh-up-conroy-gold-38936856.html The Indy interviewed Professor Conroy in the article. From previous interviews, I recalled Prof. Conroy also mentioning that his Irish mine was developed by Canadians and implied there is also Canadian interest in CGNR. ------ From Brandon Hill on CGNR, I recall they said that Dalradian was developed with $320 million. The Indy said article as above said that CGNR has spent Euro 19 million. On Fri, 14 Feb 2020, CGNR closed at around 14p, Mkt Cap £3.43 million.
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