Conroy Gold & Natural Re... Share Discussion Threads

[broken_arrow1] 21/4/2020 14:52

Worth a watch

The potential £11bn goldmine on the Irish border

[grimreaper2019] 21/4/2020 13:58

Chart - no resistance to 13p !

[observer007] 21/4/2020 12:29

Momentum is building just as I expected, this is a tiny £2m company, you cannot ignore all the recent noise concerning a Joint Venture deal, recent site visits and respectable media commentary from the Irish Independent.

This could deliver life changing capital gains if anything is announced.



The shares look cheap.

[glenalmond] 20/4/2020 09:20

Got as far as noticing the date on aussiebeach's link and Ford saying, "... bringing in 1/2m ounces and according to Professor Conroy that's the tip of the iceberg".

Comments turned off? I wonder why 😄

[grimreaper2019] 20/4/2020 07:53

Been building a position here for the last few weeks, entry point is a no brainer.

Money to be made.

[mrmcnee] 20/4/2020 06:49

Thanks for the link aussiebeach, looks like old Conroy has been busy, no surprise Canadian companies have made site visits. Alister Ford is independent so a JV deal does look likely.

I believe it is a case of when not if Conroy will secure a JV partner, when announced the shares will rocket.

Conroy is valued as option money currently, £2m market cap could propel to £50m+

Outstanding opportunity here IMO.

[aussiebeach] 19/4/2020 22:34

Joint venture interest from Canadian mid cap or a major suggests Alister Ford.

[the_debt_collector] 19/4/2020 15:32

This is a short term double bagger, just wait and see.

[broken_arrow1] 17/4/2020 15:51

Hardly any stock on offer before they want a premium, make of that what you will.

[witchywoo] 17/4/2020 15:33

low gold grades - food for thought
failed placing (see last RNS) - food for thought
bungling management - food for thought

but hey, the ramp must go on, I mean the share price was over £1 at one point, so it's got to go back up what what! (reaches for the buy button...)

[mrmcnee] 17/4/2020 15:05

Buyers continue to come in for the stock.

Conroy rose to 18p recently, anyone who bought around 8p last time would have more than doubled their money in quick time.

Food for thought.

[chrysos] 17/4/2020 08:23

@broken. The BBC article is from January 2014, that is over SIX YEARS AGO!!!

Does that not tell you something? There have been repeated anouncements of project manager appointments, feasibility studies, bringing in mines and imminent JVs since then, yet still here we are today still sitting on only 300,000oz indicated resource since 2008. Just my own observations.

[aussiebeach] 17/4/2020 07:30

Conroy has yet to recover it's low volume market crash fall from 13p, many other juniors have, it is only a matter of time.

In my view there is a 5p up move coming soon.

[broken_arrow1] 16/4/2020 10:01

Gold is motoring again, the BBC suggested Conroy was sitting on a £11b pile of gold, amazing !!


The potential £11bn goldmine on the Irish border

[observer007] 16/4/2020 09:46

Very little stock available on the offer right now, the fall from 13p hit on 11th March was on very low volume which suggests it will not take much to move it back up.

I love being a contrarian investor, stocks like this can generate amazing returns if your entry point is right.

Only 26m shares in issue.

[the_debt_collector] 15/4/2020 22:26

Chart says 12p coming soon.

[ad1967mc] 15/4/2020 20:13

Conroy Petroleum was successful before Arcon. Galmoy was a large high grade deposit. Borderline world class. Anyone could have made a success of it. By comparison Clontibret is low grade and complex.

As an investor back then, it was clear from the drill intercepts that Galmoy was special. Clontibret isn't.

[craffert] 15/4/2020 18:02

Which Conroy company moved from 10p to over £3? Was that the one where he fell out with Tony O'Reilly, which was renamed. After they got shot of him Arcon went on to be a huge success

2002:

www.independent.ie/business/irish/conroy-firm-on-verge-of-world-class-find-26024148.html

[craffert] 15/4/2020 13:04

i'm with you on that analysis chrysos, particularly when you see the types of deals that majors have been doing - Newmont with Orosur and Greatland being good reference examples

[chrysos] 15/4/2020 12:27

It typically takes 10,000-20,000m of drilling to prove up 1Moz in the indicated category, especially at average grades in the 2-5g/t range. At £150+ per metre, that is around £2M per million ounces (and that is direct drilling cost, not G&A and "overhead").

Majors are not generally interested in anything less than 3-5Moz, especially where the deposit is in a completely new territory (establishment cost) and the time-line is long (high regulatory hurdles).

What kind of deal is any Major going to cut, where they will have to fund a minimum of £5-10M, before needing to invest £100'sM+++ on a dubious, and low grade, long lead-time project?

Given CGNR has clearly run out of steam and funds and is now worth less than £2M, 70% looks optimistic to me. But I'm sure the post-PDAC delay in organizing site visits and initiating negotiations will be excused away by the CV19 lockdown, just like last year's...

[craffert] 15/4/2020 10:17

Hi Observer007: I agree with all the "If's" in your assessment - the troublesome bit is that the interviews and newspaper articles have been done year in year out for so many years that the credibility has dropped. There is always the hint of being on he cusp of bringing in a major partner, but Prof Conroy's professional track record of partnering is something you should look up. Long termers remember his previous bletherings about getting phone calls from Russian oligarchs, and hints about Canadian gold companies partnering. Previous share price spikes have come and gone. That being said his age profile coinciding with a high gold price means that if he can't strike a deal right now in 2020 he never will. His problem is that the deal will likely involve having to give up 60%/70%/more in return for serious exploration funding