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CGNR Conroy Gold & Natural Resources Plc

11.50
0.20 (1.77%)
26 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Stock Type
Conroy Gold & Natural Resources Plc CGNR London Ordinary Share
  Price Change Price Change % Share Price Last Trade
0.20 1.77% 11.50 09:13:45
Open Price Low Price High Price Close Price Previous Close
11.30 11.30 11.50 11.50 11.30
more quote information »
Industry Sector
MINING

Conroy Gold & Natural Re... CGNR Dividends History

No dividends issued between 27 Apr 2014 and 27 Apr 2024

Top Dividend Posts

Top Posts
Posted at 15/4/2024 12:29 by silverspoon2009
I'd rather buy a bombed out junior like this with the shares sitting around a 5 year low and the sector at the end of a 3 year bear market than a mid/major cap that could give you 10%/20% in 12+ months.

Stocks like Conroy can multi-bag in a few days if the right news comes or indeed purely on speculation.

Most lose money on AIM buying at the wrong time, chasing stocks that have already multi bagged.

Buy the lows and you will prosper, CGNR is at the lows.
Posted at 15/4/2024 10:15 by crazyworld2
Given price of gold was 2000 in jan and cgnr was 14p Now 2400 for gold and cgnr 12pMajor re rate about to happen
Posted at 08/3/2024 13:03 by goggin
What DM said should be directly said to management, and the management challenged to lay out the exact direction and plans they have for the company and how they expect to achieve them. Goals and excitement are pointless unless they can be measured against specifics. Else, they should propose a buy-out and take the company private or step aside and let some other moves take over. Gold at an all time high, not adjusted for inflation. If and it's a big if, gold takes off on its 20 - 25 year plus cycle. It Could x 5, then what for cgnr?
Posted at 05/1/2024 11:24 by craffert
anyone ever investing in CGNR has ended up being a poorgit not a richgit....this is nothing but a lifestyle company, where the Prof converts worthless directors loans into shares every time there is a need for fresh equity, but then gets a wedge of that new cash in the form of eye watering fees and salaries...for a company that has never generated a cent in revenues since it formed in 1995 (29 years...must be a world record) Every gold company has had 3 decades to do a deal with Conroy LOL
Posted at 24/8/2023 12:51 by lawlorn
Any telegram.group for CGNR?
Posted at 22/6/2023 07:36 by goggin
Mabey cgnr too ?
Posted at 20/6/2023 08:19 by goggin
subscribing for 2,222,222 Fundraising Shares and as a consequence is expected to hold 4.64 per cent. of the enlarged share capital of the Company on Admission. The remainder of the Fundraising Shares are being issued to one existingWho are these guys and why their intrest in cgnr? What is the point the investment if they don't anticipate a strong return.2,592,592 Fundraising Shares are being issued to two new shareholders, one of whom, Mr. Jonathan Swann, is shareholder, Mr. Philip Hannigan, who is subscribing for 370,370 shares and is expected to be interested in 8,958,445 Ordinary Shares representing 18.72 per cent. of the enlarged share capital of the Company on Admission.
Posted at 05/6/2023 16:31 by goggin
That's exactly my point trader465, Dalradian are valued at x with nothing to show for it and of course you know they are in a British controlled jurisdiction and that was when?A judge has rejected a challenge to proposals to build a controversial gold mine in the Sperrin Mountains February 2019And you know that N. Ireland is a basket case with no government The ROI is a completely different proposition with cgnr valued a fraction of Dal. I'd bet on cgnr getting gold out of the ground long before Dal even turns a sod, then Dal might just swoop as they appear to have very deep pockets?
Posted at 05/6/2023 13:48 by trader465
Value in-ground value is zero if you can’t get it out and sell it.

Compare the value per ounce of CGNR resource to other gold miners.

GRL is in production and has 14.8moz in the ground. Using your figure of $40 in-ground value would give them a market cap of $592m or £478m, the actual market cap is £15m.

GRL 14.8moz market value of company is $18.5m or $1.25c per ounce
CGNR 300koz market value of company is $9.2m or $30.66 per ounce

Buying CNGR means you are paying $30.66 per ounce for an exploration company, buying GRL you are paying $1.25 per ounce for a producer. Which looks better value?

I don’t hold either
Posted at 25/4/2023 19:14 by murphy2000
Dalradian
The £750 million dividend
We're spending more than £750 million to build and operate the mine. That means a host of supplier opportunities across Northern Ireland – West Tyrone in particular.

Dalradian has been working with fifty small businesses from the villages closest to the project, and another 450 suppliers from across Northern Ireland, for the past thirteen years. This existing network includes hardware stores, construction companies, hauliers, accommodation suppliers, mechanic workshops and graphic design studios. While doing all this - now 2023 and they still are really no further along
However
CGNR is busy drilling
Other companies have obtained gold prospecting licences for several counties in Northern Ireland and the Republic of Ireland, including a site in Clontibret, county Monaghan, said to hold about 500,000 ounce
After spending £130m exploring the site it submitted an application for a mine and processing plant in 2017, later revising the application when it dropped plans to use cyanide. The company posits hundreds of jobs, a £750m lift to Northern Ireland’s economy – and clean practices to protect a designated area of outstanding natural beauty.
If we work on that basis -if after costs - gold at $2000-$1400 operating costs = $600 / oz. Working on the basics of 500k oz, (cgnr says there is much more there)
500k x $600 = $300 million, if cgnr is in for 40% then that equates to $120 million - implied share price then 300 pence
With a market cap of less than 8m, unless Demir are complete fools, something doesn’t add up and according to Dalradian their project is worth £750m and they haven’t got a bean out of the ground. Where do you think if you were them, what would they do? Follow the money or in this case the Drilling - your choice - it’s now a 2 year play!

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