Conroy Gold & Natural Re... Share Discussion Threads

[newprom] 05/6/2015 07:55

The man with the shiny suit finds it hilarious!

[thecynical1] 05/6/2015 07:40

hilarious!

[thecynical1] 05/6/2015 06:24

hilarious!

[goldeneye5] 05/6/2015 01:08

A deal will be done, favourable terms will be agreed and the prof will take a back seat. He will most likely remain on in an advisory capacity or consultative role. A joint venture will be done with a highly reputable mining company and I have no doubt about his. Most likely a company like Goldcorp, Teck Resources, Newmont or Kinross. CGNR will be known to these companies and one of them will get in first, leaving the others wondering why they didn't make a move. By playing the long game they will miss out and when that time moves they will be peeved that they waited too long. Whoever makes the first move gets access to more than Clontibret. Rio Tinto made the mistake of taking too long on Galmoy and missed the boat. Companies don't forget and Rio's deal with Karelian is proof of this. CGNR 's share price is terrible, however this will all change massively in a heart beat when terms are agreed. If you don't actually believe in the endgame, then why hold these shares. I added last week of course. These will remain unloved until a jv I suspect. I could be wrong and the may rise before that, who knows. Good luck. It's a long wait!

[newprom] 04/6/2015 20:37

Obviously it has to be proved but that does not mean it does not exist.We dont know for sure how much but it will be in the millions of ounces.I dont like the way certain people on this board are intent on twisting things into a negative stance.Sure ,some have lost big time on this share but my point is that investment made in the past can reap big rewards for anyone investing now.Forget the past look to the future.Negativity rarely is productive.

[thecynical1] 04/6/2015 20:16

probably going to be the junior partner....no sh@t.........of course they are going to be the junior partner if they go with a JV..........who in their right mind would agree to anything else? Sometimes, the apparently tenuous grasp on reality of some posters on here is imo seriously amusing......and then stating that they don't have to prove that "it" is there.....em.............REALITY CHECK????? Do,you seriously think that anyone with two brain cells to rub together is just going to take the Prof's word??? Nuts!! : )

[newprom] 04/6/2015 15:49

The fact cgnr has a market cap of 3 million pounds is to the advantage of anybody investing now.It is not a case of what the market cap is ,its a case of how much our assets are truly worth to any partner.Surely many times that 3 million market cap.

[newprom] 04/6/2015 15:46

We are probably going to end up the junior partner,but the money that will be introduced will have the effect of multiplying the net worth of cgnr.You like to look at everything negatively,have you ever thought of accessing the reality of the situation fairly without negative spin.Just be honest with yourself.

[newprom] 04/6/2015 15:40

You completely look at things from the wrong angle.It is dilution when the entity that is produced ends up worth less than previously.The entity that will be produced.i.e. our share of a much larger concern ,will be worth multiples of the entity we have now.That is not dilution that is wealth creation.

[craffert] 04/6/2015 14:46

kept it alive primarily with third party investors money rather than his own, diluting everyone along the way and decimating the share price, as my analysis showed from the factual data which is available for all to see from the annual reports. But that doesn't make him a bad person. Just a bad custodian of shareholder equity. And now he only needs €32mn to build a mine, for a company with a market cap of €3mn. So it's either soft money like an unsecured loan with interest roll up from his nephew Seamus, or massive dilution from real world financiers.

[newprom] 04/6/2015 10:08

It is very easy to be critical of somebody from the sidelines but do you know any of the circumstances surrounding this.Under different stewardship this company would have gone under many moons ago.The prof whilst not endearing himself to investors has kept this afloat.

[newprom] 04/6/2015 09:54

It is estimated we could have up to 20 million ounces,so if we only had 10% of that it would be a case of millions.

[odvod] 04/6/2015 09:46

like talking to the wife

[newprom] 04/6/2015 09:45

They may not all be jorc compliant but they are there,so will not retract my statement.They do not need to be proven to be there.

[thecynical1] 04/6/2015 09:30

newprom.....you may want to qualify your statement "the millions of ounces of gold that they have".........that they may have.......that they possibly have.......that are possibly in the ground and are possibly extractable economically........they DO NOT at present have a JORC compliant resource of anything like "millions of ounces".................look at the published "inferred" and "indicated" figures...............the only ones that imo really count for anything are the indicated figures..........but hey........if you believe in Christmas!!! the market doesn't...... : )

[newprom] 04/6/2015 09:09

Certainly Cynical and co.whilst not being blind they need to open their eyes to recent announcements at cgnr and see what is happening.They are totally blinkered in their stance.We could get a joint venture and the share price could multibag and their attitude to the company would not change.They seem to hate Conroy with a vengeance.Whatever good news is announced it will not change their blinkered view.

[fludde] 04/6/2015 08:55

Oh dear. Well they say love is blind!

[goldeneye5] 04/6/2015 00:40

A little history to pass the time!fifth columnAn Irish storyWHAT a cast of characters is involved in the Arcon saga! There's Sir Tony O'Reilly, probably Ireland's best-known business personality, who seems to have lost a packet on his investment in the zinc producer. There's Prof Richard Conroy, a multi- faceted personality if ever there was one. Ned Goodman, the Toronto financier, figured briefly in the story. And now Adolf Lundin seems ready to bring the saga to an end with a takeover that will see the Arcon name disappear (MJ, March 4, p11).A saga? Well, Arcon was once involved in bitter and vitriolic corporate manoeuvres that matched anything the current Harmony-Gold Fields or the recent Goldcorp-Wheaton-Glamis battles have thrown at us.Let's start with Prof Conroy. It was his company, Conroy Petroleum and Natural Resources, thatin 1986 discovered the Galmoy zinc deposit in Ireland's County Kilkenny. Previously, in 1974, he had established Trans-International Oil. This Irish offshore oil exploration company merged with Aran Energy in 1979.His entrepreneurial spirit emerged before that. While doing his post-graduate medical studies, he and his brother spotted a gap in the market and set up, in Manchester, what he believes was the first medical deputising business, providing doc- tors on a short-term basis when required.Prof Conroy became professor of physiologyat the Royal College of Surgeons in Dublin, and is now Emeritus Professor. His research included pio- neering work on the effects of circadian rhythms, including jet lag, shift working and decision- taking in business after intercontinental [e-mail]"Arcon was once involved in bitter and vitriolic corporate manoeuvres"downstream operations. But the early 1990sbrought upheaval. NedGoodman's Dundee Bancorpbuilt up a stake in ConroyPetroleum. Prof Conroyturned to Tony O'Reilly as apotential 'white knight', and amerger between the then MrO'Reilly's Atlantic Resources,an oil exploration company,and Conroy Petroleum wasmooted. To prevent this,Dundee Bancorp called anextraordinary meeting tooust most of the Conroy Pe-troleum board, including ProfConroy, then chairman and chief executive. And it persuaded Outokumpu to support the move.That extraordinary meeting, in 1992, lasted most of the day. Prof Conroy and his supporters on the board were booted out. Temporarily.Less than a month later, they were back. Mr O'Reilly bought the Dundee Bancorp stake in Conroy, on terms that gave Mr Goodman some profit. The ousted directors were reinstated. And Atlantic Resources and Conroy Petroleum merged into a company called Arcon.But they didn't live happily ever after. In 1994, Prof Conroy resigned and walked out, taking with him his right-hand people, Maureen Jones, an executive director, and her brother, James, the finance director.for its share in the project, Mr O'Reilly argued that the company should instead fo- cus entirely on Galmoy. Prof Conroy wanted to continue the interest in Pogo.It's worth speculating about what might have happened if Prof Conroy had had his way. Pogo turned out to be a world-class gold de- posit. Today it has a probable resource of 7 Mt at a grade of 16.12 g/t. Teck Cominco, now project operator, says the mine should start up in the March quarter of 2006 andproduce 400,000 oz/y over a ten-year mine life. Prof Conroy seems to have no hard feelingsabout events at Conroy Petroleum. But he says: "If I regret anything, it is losing Pogo."After Prof Conroy's departure, one of Mr O'Reilly's sons, Tony O'Reilly Jnr, took over as chief executive, and later chairman, of Arcon. The Galmoy mine started production in 1997. The early years were extremely difficult. Not only was the zinc price at an all-time low, but in 1998 the management had to tough out a 14-week strike.By 2002, Arcon was in serious financial difficul- ties. Then Sir Tony O'Reilly's negotiating skills were put into good effect. Internationally known as chief executive of Heinz, the baked beans and 57 varieties group, for many years, his family interests include listed companies such as Independent newspapers, Waterford Wedgwood (fancy china), and Fitzwilton (food retailing). Sir Tony persuaded Arcon's banks to write off €60 million of loans in exchange for 10% of the enlarged equity.Conroy: multifaceted

[newprom] 03/6/2015 23:52

Craffert.Do you think it is acceptable to anonymously accuse people of operating a scam on a bulletin board such as this? What was printed was tantamount to calling the operators of this company thieves.Surely not acceptable.In my opinion todays news puts the company in a very good position to get the joint venture it needs.A market cap of just over 3 million in no way is justified.The market will eventually catch on and when it does the people investing now stand to make huge amounts.The huge deficits now being run by the major economies are a problem that cannot go on indefinitely.The quantative easing cannot go on forever.It seems the natural course of events is a huge worldwide scenario of countries and banks going bust.Gold will be a safe haven,which should mean a huge correction in the price of the assett.There are reasons to believe that gold has been suppressed and soon the chickens could come home to roost.The millions of ounces of gold this company has will be seen as extremely valuable.What happened with Galmoy could be dwarfed by what could happen to this share.

[newprom] 03/6/2015 21:15

You may think you can say what you like and you will be anonymous on this board,but I would not count on that.I would earnestly suggest that an apology is made on this board forthwith to both the Prof and Seamus Fitzpatrick.That is the least that they and their reputations deserve.