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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Connemara | CON | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
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|---|---|---|---|---|
| 0.00 | 0.00% | 1.15 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 1.15 |
| Top Posts |
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Posted at 01/4/2019 09:37 by aim_trader Arkle Resources will be presenting to investors at the Proactive One2One Investor Forum in London on Thursday 4th April 2018. Details and registration here: |
Posted at 05/3/2019 16:24 by currypasty Connemara Mining Company plc (LON: CON), the Irish gold and zinc exploration and development company, is pleased to announce that it has raised GBP230,000 from directors and existing shareholders, by way of a placing of 18,400,000 new ordinary shares ("the Placing Shares") at a price of 1.25p per ordinary share ("the Placing"). For each new share subscribed, the investor will be entitled to one warrant to subscribe for an additional ordinary share at a price of 1.8p per share at any time before 11 September 2020. |
Posted at 26/2/2018 14:16 by fenners66 Can one of you apologists inform the company that the link on their Investors Information page for the 2016 Annual Accounts actually has the 2015 Annual Accounts ! please.If you want confirmation that they are rank amateur there it is ! They want to deal in £m's of other peoples money and cannot even publish their accounts on their own website ! |
Posted at 22/1/2018 13:25 by aim_trader Patrick Cullen, Chief Executive, will be presenting to investors at the upcoming Proactive One2One Mining Forum on 8th February in Mayfair, London. Details and registration here: |
Posted at 20/9/2017 20:26 by fenners66 Free ticket to Nex exchange's begging bowl event ....As the strapline says " Nex Exchange - Reach Investors Raise Capital " You would have thought that with all the years of the Clontarf mob raising more cash to burn through placings - the one thing they do have experience of - they would not need to try so hard.... I guess they are running out of willing donors. |
Posted at 28/6/2017 07:50 by cpap man Statement Accompanying the Final ResultsConnemara is an Irish focused zinc and gold explorer with 35 licences spread across Ireland. We have three joint ventures where we brought in partners with funds and technology. Or so we hoped. Two of the joint ventures are in zinc with Teck Resources, one of the world's greatest zinc companies. Losses in areas other than zinc have ravaged the share price of Teck. Exploration budgets were slashed to virtually nothing. In recent years Teck have done little on our joint venture licences apart from keeping them in good standing. I believe that the coming months will see developments in the joint ventures. Hendrick Resources, a private Canadian gold prospector, joint ventured five gold licences in Wicklow/Wexford. They did some excellent work identifying high potential targets. Finance for small gold exploration companies in Canada has been virtually non-existent for the past five years. The promoter has struggled to raise funds while also battling ill health. Once again sufficient work has been done to keep our licences in good standing. Zinc has doubled in price in the past 18 months and I believe it has further to go. Gold above $1,200 an ounce means that every 1 gram a ton is worth $40. These prices make most producers profitable and should incentivise explorers and early stage investors into exploration shares. There has been a dramatic revival of interest, particularly from Canada, in Irish zinc exploration with up to seven new companies entering the sector. The announcement by Boliden, the owner of the Tara zinc mine at Navan in Meath, that they have identified an additional orebody on the property which will extend the commercial mine life by years has boosted interest. It is thought that the use of 3D seismic techniques, prevalent in oil exploration but rare until now in Irish zinc/lead exploration, identified the structure at depth. For many years the flagship Irish zinc exploration project has been at Pallas Green in Limerick, where Glencore the licence holder has identified 42 million tons of ore at a combined grade of 8% zinc/lead. In recent years little or no exploration has been done on the property. But it is now reported that eight drilling rigs are working on the site with a target of 22,000 metres of drilling. The first Connemara/Teck joint venture is in Stonepark in Limerick, a few hundred metres from the Pallas Green discovery. The excitement of the early years when three good zinc bearing zones were discovered has given way to care and maintenance. This is not a good position for a junior explorer like Connemara which needs news and excitement. Teck are operator and control over 76% of the joint venture. We believe there is interest in acquiring Teck's share of the joint venture and we would be more than pleased to support any sale. Such a sale would be positive for Connemara as we would like to see new eyes evaluate the potential on the Stonepark block. The second joint venture with Teck is five licences in the Oldcastle area straddling the Meath/Cavan border. This area has historical zinc/lead discoveries. Our block is 30 km west of the Tara mine. The target is a large ore body at depth. Teck holds many licences in the midland area of Ireland and they appear to be following a regional model in which the geology of Oldcastle plays a part. Teck are earning into the block so Connemara has no expenditure at present. In 2016, Teck drilled one deep hole on the block with disappointing results. We do not believe that one hole is enough, however such holes are expensive, costing up to €100,000 each. Further drilling which is our preferred option will mean that Teck will earn into their 75% holding. After which, like in Stonepark, Connemara will either fund its share or dilute. We like zinc and believe that Ireland is the best zinc prospecting province in the world. The geology is good, title is secure, skills are available and licencing terms are reasonable. We have continued to monitor available ground and in the past year have added seven new licences. Five new prospecting licences have been acquired in the Derrykearn area of Laois. The properties lie along the Rathdowney Trend not far from the closed Galmoy and Lisheen zinc/lead mines. Two historic mines, Tonduff and Derrykearn, are on the licences. The best place to find a mine is where there is or was a mine. Exploration technology is evolving rapidly so we believe that new eyes casting a critical look at the geology of Derrykearn may reveal new targets. The two Ladyswell licences in Cork cover an area containing a former barite mine. Barite is found in association with base metals. Little historic exploration has been carried out on the ground. Some early stage prospecting will take place this year. Gold We have two distinct gold exploration programmes - our 100% owned licence block in Donegal where we are active and our joint venture with Hendrick in Wicklow/Wexford which is effectively on care and maintenance. The Inishowen block in Donegal now covers 187 km2 in eleven licences. We drilled four holes in 2016 with positive results including 4.82 metres at 5.48 grams/tonne of gold. We also explored the old Glentogher silver mine approximately 4 km away from our discoveries to see if we could connect the two. We failed to find significant gold grades. Analysis of the geophysics over the area suggest additional veins and has identified two magnetic anomalies about 1 km north of the earlier drilling. We are examining a drilling proposal for later in 2017. Gold in Wicklow/Wexford has been the subject of lore, fable and frustration since first discovered in Avoca in 1796. Over the decades many companies have prospected and explored to try to find the hard rock source for the gold found in the rivers and streams in the area. Connemara personnel have long experience in the area. We believe that we hold five of the best licences. This view was supported by the decision of Hendrick Resources to acquire the licences surrounding our block and to joint venture our block. Extensive work by Hendrick revealed numerous drilling targets on Connemara ground. Then the recession hit, money dried up and the principal, Dale Hendrick, a renowned gold explorer, had health issues. The joint venture is in limbo. Because of the skills, experience and technology in Hendrick we are reluctant to walk away. We are in discussions with the principals in order to seek a resolution. Future A rising tide lifts all ships. So it is with Connemara. Better zinc prices, renewed exploration actively in Ireland and the arrival of new explorers is good for Connemara. We would be pleased for Teck to drill both joint ventures Stonepark and Oldcastle. But that does not look likely for Stonepark. We would support any transfer of the Teck interest to a new explorer willing to invest in the property. Though the pace of exploration in Oldcastle is excruciatingly slow we are not spending any money and won't for some time. Given the prospectivity and potential of Oldcastle a new partner with more commitment and deeper pockets would be our preferred way forward. We believe that our new ground in Derrykearn and Ladyswell has excellent potential. We will prospect the ground and then seek to bring in a partner. Our overhead and joint venture partner spending is low so we spend very little money to do the exploration work. But our partners are not spending on the ground. We would like this rectified. We have funded the company on a shoestring and will continue to do so. John Teeling Chairman 27th June 2017 |
Posted at 02/2/2017 13:18 by h2owater fiachra trywww.share-talk.com/s Low cap & results awaited! |
Posted at 02/2/2017 13:11 by tidy 2 Sorry 75g/t 69g/t and 18 g/t 4mins 20 secs in hTTp://www.share-tal |
Posted at 02/2/2017 12:32 by tidy 2 Listen at 4.20 mins hTTp://www.share-tal |
Posted at 02/2/2017 12:26 by h2owater Listen at 4.20 minshxxp://www.share-tal |
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