Connemara Share Discussion Threads

[boom boom bang bang] 13/5/2016 09:47

CON


BOOM BOOM

[tromso1] 13/5/2016 09:45

MTR just bought in on the placing.

Others buying on the back of that just as they did with GGP, GRL and CGNR and the price shot up.

[effiert] 13/5/2016 08:26

You cannot buy any shares currently so no idea for the drop. Looks like a shake to me before another lift off

[effiert] 13/5/2016 07:54

Certainly has been huge demand here recently. Even yesterday you could barely buy more then 100k online.

I expect further news on the companies recent findings quite soon. If its a similar system to dalradian expect an instant 10 bagger.

no ramp intended

[hiddendepths] 12/5/2016 09:33

Agreed that the next round of drilling will need funding. It shouldn't be hard to do an institutional placing as they have a good story to tell when they take it round the City. That process alone could well result in the share price escalating as some fund managers may want more than they're likely to be offered.

I used to be involved in taking companies to see fund managers for such fundraising. If there was a good story AND it was well told, it usually worked out very well. I have no idea how good the management here is at presenting.

I wonder if the share price rise this week was kicked off by institutional nibbling as a result of fundraising presentations.

[cyberbub] 12/5/2016 09:09

Hmm the most recent results last Sept showed a net liability... so they must have somehow been able to defer the E400k in trade payables? I can't see how they would have been able to do their Inishowen drilling otherwise.They basically have no cash now, so will need to raise about a million euro I expect, to make further progress on drilling.At least that's my interpretation.I assume the 2015 results will have to be published in the next 6 weeks.

[effiert] 12/5/2016 09:01

gl Cyberbub with whatever you decide to do. Gold is certainly the way to go over the next few months. KEFI should also be another big riser as the JUNE financing target beckons

[cyberbub] 12/5/2016 08:39

Just going to have a look at the financials here.Can anyone advise whether the company have enough money to do the next round of drilling referred to in the recent RNS? ("More drilling will be required") Or will they have to seek equity funding?

[cyberbub] 12/5/2016 08:35

I thought GRL did have a proper mineral resource at least, rather than 3 holes in the ground?

[effiert] 12/5/2016 08:33

Cyber with a £1m cap, cash in the bank, low overheads, Directors with skin in the game and the recent findings bring compared to neighbour Dalradian its fair to say that this provides an amazing RISK/REWARD situation.

On ANY decent find this will 5-10 fold.

Just look what GRL did recently. 1p-5p on nothing

[hiddendepths] 12/5/2016 08:29

cyberbub - points all known and understood. But surely a £5-10m market cap is justified by the recent find (so NOT just a wildcat explorer now) - which looks very similar to Dalradian's at this early stage. No-one's suggesting £135m would be appropriate for quite a while!

[cyberbub] 12/5/2016 08:25

Just had a look. Dalradian are not producing yet, but seem to be no more than 2 years from production - and several years ahead of CON. They have a fully defined mineral resource at high grades. More to the point they have £20M in cash to get them through to completion of their feasibility studies and raising money for construction - and a market cap high enough to ensure relatively moderate dilution for construction. CON are a wildcat explorer, digging for gold in the hope of finding something which may be economic (or not, like their last attempt). And raising money for further exploration at a market cap of £1M will be massively diluting.Just saying.... am quite happy to be challenged on the above! Am looking for a small goldie to invest in but am being very careful.NAI

[effiert] 12/5/2016 08:11

Explorer Cyberbub They wont be producing for several years

[cyberbub] 12/5/2016 08:10

Is Dalradian an explorer or a producer though?

[effiert] 11/5/2016 23:43

To add to the above post Dalradian has a market cap of £135m vs our £1m cap!

Hence why i believe this could be a instant 5-10 bagger.

[effiert] 11/5/2016 19:38

Been looking at this for a while now as i feel it has the potential to do a 2012 SOLG type rise. Took a few today but will load up fully next week when i have £15k clear from the sale of 88e.

When news comes i can see it going orbital from this tiny market cap, 10p+ is very much a realistic proposition and would still only value the company at £3m

This is from the 7th April Rns

"The initial drill results have confirmed the presence of significant grades of gold in a multi-vein system within the Dalradian rocks of Inishowen, Co. Donegal, Ireland. The setting is believed to be mesothermal, similar to that at Curraghinalt, County Tyrone where a multi-million ounce gold deposit has been reported"

… … … …
m.

"There is now without doubt a gold bearing vein system in the Inishowen area of Donegal.

The discovery is similar to the Dalradian gold resource across the border in Co. Tyrone.

Further drilling is necessary."

If you study the RNS you will see the Clues. Teeling has made continual reference to Dalradian and their high grade discovery, This is in the same belt.

RNS from Dalradian on 12th April

Dalradian intersects 1.44 m of 100.66 g/t gold ..

And from CON on the 7th "The discovery is similar to the Dalradian gold resource across the border in Co. Tyrone."

Now look at the low overheads of this company. Total admin expenses of 89,000 Euros in H1 (£72,000 in today's money). Is that the lowest on AIM?

then look at the Director and insider holding.

And In a politically safe enviroment!

Now do you really think this should be valued at £1m?

Some of the above has been cross referenced by me as i was given the heads up on Connemara a month or so ago. I have now started to tip toe my way in after much due diliengence.

[xcap] 11/5/2016 17:04

Bad - what news are we expecting , gold or zinc?

[bad robot] 11/5/2016 16:19

Nice, I want to see 3.0p before they release it and put it in orbit at 4.5p-5p

[bad robot] 11/5/2016 15:23

Yes indeed, roll on to 3.0p by friday then news next week. That seller used to extinguish every rise, selling in the rise

[hiddendepths] 11/5/2016 15:20

Seller gone, it seems, so it doesn't take much to push it higher.

It's one of those strange stocks that could go up eightfold and it would still look really, really cheap if you believe the market cap of the neighbour is even vaguely fair.

I traded this a couple of weeks back but didn't sell all because I got hooked on the multibag potential. May buy more later this pm.

[sharkman returns] 11/5/2016 13:02

Hope MMS keep it quiet till 3.0p then unleash it when resource news comes

[sharkman returns] 11/5/2016 13:01

Tick tock tick tock

[sharkman returns] 11/5/2016 10:52

Put your hands up who's been mopping in complete silent.