Connemara Share Discussion Threads

[lordz] 13/9/2017 10:12

2 out of 4 of Teeling companies going well.

[fenners66] 13/9/2017 09:02

I had to read the RNS re Teck sale to G11 very carefully to discern what JT was getting at - once more modus operandi obfuscation.

Essentially he is saying that some minerals were found in 2007 - but Nothing has been done with the license since then.

Teck owns 22% of G11 - who owns the rest?
As it is a Canadian private company how can we find out who owns it? Has it got the same shareholders as Teck?

As it is Teck is selling 22% of its interest in Stonepark to ITSELF.

Imagine if all the shares in G11 are owned by the same people who own shares in Teck .
Under that scenario they could sell their interest to themselves at whatever price they like it just goes around in a circle and would therefore not be a fair value assessment.
However under that scenario CON's share would be the potential fly in the ointment - but fortunately for G11 CON has turned down the offer!

He then goes on to say the value to CON could have been $2.8m - however it really would have been about $622k and maybe more if they could sell back a royalty in the future when there is no mine yet or even a preliminary economic assessment and no bidder yet.

These guys certainly know how to spin.

4.5% net smelter return on precisely nothing - ten years on and not even a preliminary economic assessment you gotta be kidding.

[happyholder123] 09/9/2017 09:34

HNR -
TWO wells successfully drilled with abundant oil and gas in samples extracted!
Fracking and FIRST OIL next month!
Don't miss this train!

[talkman2] 09/9/2017 08:50

Very . This is still a micro-cap company .

[ein4] 08/9/2017 14:55

Beginning to look interesting?

[ruthie] 17/8/2017 14:24

Zinc $3,000 plus

[timw3] 15/8/2017 08:20

Heads up Seller cleared at AAOG... $800m spud in 4 weeks!!

AAOG without doubt in play now seller out with that 1m sell printed after hours.

Fincapp valuations:

Mengo hit 750bopd - £70m MCAP - £1
Djeno hit 10k bopd - £750m MCAP - £10

So £11 potential vs 28p share price

Current market cap is only £10m once cash is stripped out.

£10m cap vs $1billion potential...

No brainer at these levels.

60p+ target at least prior to spud in 4 weeks

[fenners66] 15/8/2017 08:19

So any actual holders here have just been diluted another 10% - were you invited to take part ?

[x54v] 11/7/2017 16:18

600k buy just there @ 1.8p. Largest in a while.

[currypasty] 11/7/2017 11:08

good interview, cheers for link ruthie

[paleje] 11/7/2017 10:59

Price of zinc is a good backdrop but the real catalyst for the share price increase has been PJ's continued buying, he is active and very vocal whereas The CEO has hardly been dynamic with the share price sliding from over 11p to under 2p in 5yrs.

I think PJ's old firm Metal Tiger still have a reduced holding (sub notifiable) and also warrants at 5p, lets hope they have cause to exercise them.

[x54v] 10/7/2017 09:27

Paul Johnson has been buying again. Now up to 9.43%:

[elmfield] 07/7/2017 15:28

Yes,
Looks like something is going to happen, at last.

[talkman2] 07/7/2017 15:15

With the current price of Zinc and the bullish outlook this is worth a punt . Market cap under £2 million

[x54v] 07/7/2017 14:59

Markets look forwards, not backwards.

[fenners66] 07/7/2017 13:23

Or total failure and downside , like the last, what 10 years?

[x54v] 07/7/2017 13:00

Such a tiny market cap as well.

At £1.4m there has got to be good upside potential here.

[x54v] 07/7/2017 12:59

The chart is starting to look interesting here.

A nice low base with price ready to break higher.

The CEO interview seems to have made a few aware of the potential judging by the buying today.