Connemara Share Discussion Threads

[hiddendepths] 03/8/2016 08:21

2 calculators worth now jon?

Le Mass - early days. If there's gold, there are probably sweet spots, and they may well be commercial. I think these results certainly justify further efforts trying to get a better handle on the geology.

Still a well-geared punt imo.

[le mass du pap] 03/8/2016 08:07

Slightly better than last time, but still appear too low for any commercial prospect which is a shame.

[paleje] 28/7/2016 11:18

Could be the reason for the weakness, had been hinted with the results, new funds apparently near forthcoming to drill Wicklow/Wexford. What price.

[jon12345] 28/7/2016 10:10

That's what I thought, but now sounds like there's more gold in my calculator, which makes mcap expensive. Maybe next results will be better, that's the punt. If not then they call it a day and move on to the next pot of jam.

[hiddendepths] 28/7/2016 09:50

Right, that's the sellers out of the way - here come the buyers. A bit of stock to be gobbled up and then back up presumably. If anyone's waiting for sub 2p they might grow old waiting.

I think the markdown would have been rational if the market cap was £20m but at a tenth of that level, I see the "exciting" news as positive.

Just imho, of course.

[jecs] 28/7/2016 09:35

Anyone going to the AGM this morning?

[le mass du pap] 28/7/2016 09:12

It's happening, not deramping, just look at your screen

[paleje] 28/7/2016 09:10

That'd be a good entry price, keep deramping.

[le mass du pap] 28/7/2016 09:02

Support gone, next stop sub 2p

[the white rabbit] 28/7/2016 09:00

I may buy some at 1.2p

[paleje] 28/7/2016 00:19

I'd agree most AIM tiddlers finally fail when they've milked too many punters and there's no one left to mug but there's a difference here ... MTR bought in and they are not pi's, they know the game and are in a much better position to evaluate than we are. They have detractors of their own but overall they seem to make some good calls and they are proactive.

[le mass du pap] 27/7/2016 22:58

Yes it does sound like just another wonderful AIM jam tomorrow promise. Loads of those about. I reckon until they produce some meaningful results, that determine a commercial prospect, then it will bounce between 1.5p and 3p driven entirely by traders. I had high hopes for these drill results, but boiled down its just more flannel from a CEO/Chairman who wants to sustain the gravy train. Occasionally one of them pulls it off, it's just a matter of sticking your money on the right one, because 9 out of 10 end up in the bottom drawer labelled "hope" 😴

[le mass du pap] 27/7/2016 13:51

No it doesn't, instead some large delayed sells now showing up as buys. If the cavalry don't arrive soon it may well drop through support and on to next major support at 1.95p. It's sitting bang on support now, so any move below may signal a further downward leg. I think the pending news has supported it at these heights and the mm's, to be fair, have kept it up despite sells. So if support goes it is likely to be quick. Teeling has been clever in keeping the next results dangling like a carrot as people will now be pinning their hopes on these and may hold on. But they'll have to be good. Aimho.


free stock charts from uk.advfn.com

[happy bear] 27/7/2016 13:15

Doesn't look like the cavalry are coming :o(

[bckttsim] 27/7/2016 10:18

Significant News here going under the radar RNS Quote "we have identified a new gold system of a type known to contain large gold deposits"

[jon12345] 27/7/2016 09:03

Yes. Some trolls doing the rounds on the bb's telling people the "veins are too narrow" or the "grades too low" etc. The point they are missing is this is a <£2m mcap company in early stages and just looking for encouraging signs, which they have. All very good news, but mm's doing what they do best this morning with a few selling on news. Two more holes are being drilled right now with results due soon. Best get on board now at these silly low prices for what's unfolding here. Aimho, dyor.

[aimshare] 27/7/2016 08:51

'we have identified a new gold system of a type known to contain large gold deposits'

Like the sound of that. :O)

[jon12345] 27/7/2016 08:27

Great news and an mcap that's still only £2m!

[effiert] 27/7/2016 08:13

Excellent news and more to come in the following weeks.


"This type of geology is known to host very large deposits in other parts of the world".

[cpap man] 27/7/2016 07:50

John Teeling, Chairman, commented "A significant and exciting indication from these results is that we have identified a new gold system of a type known to contain large gold deposits. Finding gold in fault zones, shears and altered zones shows there must have been significant gold bearing fluids there at some time.



This is still an early stage project. We await with interest results from the remaining two holes which are being analysed. These will be available within weeks."

[xcap] 27/7/2016 07:38

CON have holdings over a massive area

"The company holds interests in 32 licenses covering an area of approximately 1, 290 sq km".