Conroy Gold & Natural Re... Share Discussion Threads

[glenalmond] 23/11/2019 11:08

Chairman, Professor Richard Conroy, commented:
“The year was one of highly encouraging progress for your Company as it has accelerated the process of moving from exploration success to mining development. Exploration to date has led to the discovery of a JORC Resource, a new district- scale gold trend and, for the combined Clay Lake-Clontibret-Glenish gold targets, which lie along a 17Km section of the 65Km gold trend, an 8.8m oz Au exploration target (JORC) has been estimated.*
Following interest by other parties the Company looks forward to engaging in due course in a Joint Venture agreement or other suitable arrangement to develop the gold properties in Ireland."

Aye, right.

The annual general meeting of the Company (“AGM”) will be held at The Davenport Hotel, Gandon Suite, 8-10 Merrion Street, Dublin 2 at 12 noon on 16 December 2019.

Anyone going?

[thecynical1] 08/11/2019 14:41

This is the end my friend....this is the end.....

[kaos3] 08/11/2019 08:21

into the Dantes hell. which grade? lol

[thecynical1] 08/11/2019 08:16

Down, Down, Deeper and Down....

[chrysos] 04/11/2019 11:40

So if/when Mr Hannigan converts his £350,000 at 6p that gives him nearly six million shares in addition to the two million he already has, and pushes the issue to nearly 30M, and he would have around 27% whereas Conroy and O'Sullivan would both drop to below 10%. Unless of course Conroy also converts some of his immense outstanding salaries and fees.

[craffert] 03/11/2019 12:53

Con Roy has not done it before... everything he touches leads to acrimonious disputes followed by others taking up the responsibility for creating shareholder value. When he is gone from this dog you might get 10x speculative/relief upside but I doubt you will ever get a mine as the economics just don't stand up

[thecynical1] 02/11/2019 12:33

Done what? Collected relatively large fees over an extended period while overseeing shareholder capital destruction on a shocking scale?????

[vish65] 31/10/2019 10:01

"Mr Conroy has done it before and I reckon He is going to do it again"


Indeed. Infact he only did it yesterday.

[richgit] 31/10/2019 09:55

Mr Conroy has made His intentions very clear,as He now focuses on "development"
of the potential Cash Cow.

Arguably it is all down to whether He/They can attract a decent partner,and obviously if they succeed, then the 5-8 Million ounce story comes fully into focus-which is a huge Carrot for potential worth many times the current Market Cap.


Another life line "could" be Gold climbing the stairs of its supercycle in 2020
and Pi`s swarming into the sector, as more realise that Central Banks have no choice but to quiver behind the dangerous idea of printing assetless currencies into Infinity- paying debt with more and more debt !!!.


If/when sentiment changes with a ferocity then Investors will scream for "Gold funding" share allocations just like they have been applauding them in the Tech sector.


Conroy`s stock price can march up very fast,and in an extended Bull Gold Market period could easily answer the Prof`s dilemma.

I cannot say there is any Guarantee,yet no believable Gold story will go to waste
in an extended Gold Bull Market.

The risk is there,but as I said- after 20 years of surviving- Conroy is highly unlikely to ever be worth 0.

So its beyond zero to possible serious multiples !


As part of a portfolio of a selection of Good Gold
(Platinum/Palladium/Silver etc )Stories.


Whilst I would put large sums in some very undervalued safer big stocks that could multiply 3 times or far more,the odd speculative stock that could multiply 50 times or more (over time ) has its place.


Mr Conroy has done it before and I reckon He is going to do it again


I believe we will know in 2020 one way or the other.



IMHO

[goggin] 31/10/2019 07:35

https://www.investorschronicle.co.uk/company-news/2019/10/30/gold-miners-starting-to-reap-price-rewards/

[glenalmond] 31/10/2019 06:54

Is that not exactly the same? Page still not found on LSE. What's that about?

[hooops] 30/10/2019 20:44

Conroy Gold and Natural Resources plc


30 October 2019

(“Conroy Gold” or “the Company”)



Issue of Convertible Loan Note to raise €100,000



Conroy Gold and Natural Resources plc (AIM: CGNR), the gold exploration and development Company focused on Ireland ;and Finland, is pleased to announce that it has raised €100,000 through the issue of an unsecured convertible loan note (“Convertible Loan Note”) to Hard Metal Machine Tools Limited (the “Lender”). The Lender is a company 99% owned by Mr Philip Hannigan, an existing shareholder of the Company with a beneficial interest in 2,011,577 ordinary shares of €0.001 (“Ordinary Shares”) representing 8.49 per cent. of the current issued ordinary share capital of the Company. Mr Hannigan has already lent the Company €250,000 through another convertible loan note, as announced on 15 July 2019.



The net proceeds of the Convertible Loan Note will be used for general working capital purposes and exploration programme costs.



Terms of the Convertible Loan Note



The Company has entered into an unsecured convertible loan note agreement for a total amount of €100,000 with the Lender which have been created pursuant to a loan note instrument. The Convertible Loan Note has a term of three years and attracts interest at a rate of 5% per annum which is payable on the redemption or conversion of the Convertible Loan Note.  The Convertible Loan Note is unsecured.



The Convertible Loan Note, including the total amount of accrued but unpaid interest, is convertible at the conversion price of £0.06, equivalent to a 20.60 per cent premium to the closing mid-market price of the Ordinary Shares on 29 October 2019. The Lender has the right to seek conversion at any time during the term of the Convertible Loan Note.



Unless the Lender has given prior notice to convert, the Convertible Loan Note will be repaid immediately prior to the completion of an offer or agreement pursuant to which any person or those acting in concert acquires over 50% of the issued share capital of Conroy.



The Lender shall be entitled, on serving written notice on the Company, to require the Company to redeem all or any part of the Convertible Loan Note at par on or after the three-year term of the Convertible Loan Note.



A total of €100,000 has been immediately drawn down by the Company under the Convertible Loan Note facility.



The Lender’s conversion rights are limited to the extent that the Company has adequate shareholder authority to convert.



No application has been or will be made to any stock exchange for the listing of, or for permission to deal in, all or any of the Convertible Loan Note.

[glenalmond] 30/10/2019 19:49

Good post 9477 chrysos, btw. Have CGNR detailed what they'll be doing with all the waste or are the leprechauns going to take it all away when nobody's looking?

[glenalmond] 30/10/2019 19:38

Hi Hoops. Has it been changed? I got e-mailed it 20 minutes ago but when I tried to access it via LSE this afternoon, I got the message
Page not found
We're sorry but this page no longer exists.
Please click here to return to our home page.
and still do. It's still there now saying it was released at lunchtime -
30th Oct 2019
1:05 pm
RNS
Issue of Convertible Loan Note to raise €100,000

[hooops] 30/10/2019 14:59

I will leave the light on
I will leave the light on
I will leave the light on
I will leave the light on

[hooops] 30/10/2019 14:55

placing 100 k RNS

[chrysos] 30/10/2019 08:48

Simples, 8Moz at 2g/t (typical grade so far) gives the tonnes needing moved, and add 3 tonnes of waste for every tonne of ore (industry average) and you have around half a billion tonnes. At around 2.5t per m3 gives the volume.

[thecynical1] 30/10/2019 07:16

Chrysos - not sure where you re getting your numbers from but a fascinating post!!!!!!!

[chrysos] 29/10/2019 11:22

"A mine is a hole in the ground with a liar standing next to it." Mark Twain

[kevjones2] 27/10/2019 21:32

My several thousand Euro investment in CGNR is now worth €130 (circa £100). Lol. People from around 3 years before my time who invested the same amount as me would be left with about €13 (£10). People who invested the same amount around 5 years before that would be left with about €1.30 (about a pound).

CGNR is a futureless disgrace, and a blight on the integrity of investment markets.

[richgit] 26/10/2019 16:05

It has taken Eurasia Mining some 20 years,surviving knock backs,bad luck,
and the worst that the Markets cold have thrown at them.

Now they have a nice cash cow (West Kytlim) and a tremendous huge potential asset
(Monchetundra).

It will take some time for the Comatose so called Market to understand its real worth,which is somewhat beyond 1p/current Market Cap.

Conroy has similarly survived,and from my Investment point of logic,it is hardly now at risk of disappearing when we are at the final first steps of Gold`s supercycle reconnecting from the mere interruption from circa 2012.

There were many that were negative about Dalraidian. !!

In Gold`s next supercycle moves,it will, at some point, create interest for all Gold related stocks with a good story to tell.

So yes- I am grabbing more Conroy stock on that foresight of logic,and the parachute that Conroy is certainly at no risk of being worth 0 in a period
of coming continuance of the Gold supercyle.

Nothing wrong with having the odd potential 20-100 bagger in a spread risk portfolio

Those that don`t know why they should be buying Physical Gold and Silver,with a spread of related stocks - will not agree.

[kaos3] 24/10/2019 07:39

bullshiit continues

[thecynical1] 07/10/2019 07:13

Goggin....."weak holders"? Have you just bought "share trading for dummies"? 🤣🤣🤣🤣