Connemara Share Discussion Threads

[hiddendepths] 17/5/2016 09:08

Break-out?

[yosemite sam666] 17/5/2016 09:03

Need to slow it, a control rise, then unleash our baby

[yosemite sam666] 17/5/2016 08:50

Here we go slowly she goes. Need slow move till 4.0p then an update and we will go orbital to 6p+

[heat wave] 17/5/2016 08:36

should move a little later, when MM upp the bid up slightly.

[deanroberthunt] 17/5/2016 05:28

omnipresent

[emilio] 16/5/2016 19:35

anyhow have lost all his money !

[the mugger] 16/5/2016 19:06

yes he's a damned annoying KENT, an advfn pollutant.

[deanroberthunt] 16/5/2016 18:16

has AFPO chart written all over it, before that stupid bagged

[deanroberthunt] 16/5/2016 17:44

this is the next 10-20 bagger...chart is prep'd to blast off....3-4 waves up should see us to 10-15p

[yosemite sam666] 16/5/2016 16:13

C'mon one more tick up in the close. 4p by Friday will be wicked

[thomasthetank1] 16/5/2016 12:57

Read Northland Capital Partners's note on CONNEMARA MINING COMPANY PLC (CON), out this morning, by visiting hxxps://www.research-tree.com/company/IE00B2357X72

"Connemara Mining Company has raised £400,200 (gross) through the placing of 20,010,000 shares at 2p per share, with a one-for-one warrant at 5p per share. The placing represents 26.4% of the Company’s issued share capital. Following the placing the Company will have 75,789,711 shares in issue. Connemara Mining Company will use the proceeds from this placing to undertake the next phase of drilling at its gold projects located in Donegal. The Company plans to commence drilling in the coming weeks..."

[hiddendepths] 16/5/2016 09:09

It's certainly positive that the funding is out of the way - knowing that a raising is imminent puts plenty of people off.

Although this company is still highly speculative, it does have some good well results under its belt and I assess the risk as medium to high. However the market cap still suggests it's an out and out punt, which it isn't any more.

I like to weigh the risk/return and these situations. Let's conservatively say there's a 25% chance of commerciality. If this pays off, the shares would probably ten bag at least. If drilling does not suggest a commercial resource, there's maybe a 50% drop coming. These numbers are all on the pessimistic side and yet the case for investing is still very strong.

75% x 0.5 = 0.375
25% x 10 = 2.500

So "fair" price = 2.5 + 0.375 = 2.875 times the present price.

Just my own rule of thumb based on a subjective assessment. DYOR but in my book this makes for CON to be a clearcut buy at these levels.

[xcap] 16/5/2016 08:36

this is a quality play.
CON have established high grade mineralisation. now its about building on the confidence of the resource
take a look at what happened to LND.

MTR recognise where they will see a 10/20 fold increase in grossly undervalued stocks that have quality assets with blue sky potential

[cyberbub] 15/5/2016 09:08

Effiert the "15-20M oz" quote by Paul Johnson of Metal Tiger referred to CGNR, not CON.

[effiert] 13/5/2016 12:20

from interview "targetting 15-20m ounces of gold".

Market cap presently £1.5m.

[tidy 2] 13/5/2016 12:18

Targeting 15-20 million Oz gold.

[tidy 2] 13/5/2016 12:17

Good interview

[effiert] 13/5/2016 12:08

LSEsharetalk ‏@LseShareTalk 3m3 minutes ago
We are LIVE with Paul Johnson @metaltigerplc hxxp://www.lsesharetalk.com/share-news/metal-tiger-ceo-speaks-to-lse-share-talk-about-todays-rns-connemara-mining-con-announcement/ … #MTR Asset Trading - Warrants #CON RNS & future of #GGP @LseShareTalk
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