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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Conroy Gold & Natural Resources Plc | CGNR | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 2.40 | 08:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 2.40 | 2.40 | 2.40 | 2.40 | 2.40 |
| Industry Sector |
|---|
| MINING |
| Top Posts |
|---|
Posted at 01/2/2025 17:33 by enter Heading for another placing I fear. Couldn't believe they did the last one at sub 5p. They lead investors to believe they had a queue of people wanting to do a JV but after 6 months waiting they did a placing at sub 5p without a hint of embarrassment. They didn't even get much money. They are probably running low already. What price will the next one be? |
Posted at 31/1/2025 16:01 by richgit I may have my Blinkers on,yet I am going to take more stock,now that several ofmy Investments in the Majors and others are seeing the light of Day. Whilst in such overall horrendous Capitulations by Pi`s and some Funds facing redemptions-perverse Conroy in panic. However,somewhat regardless of how Management can turn things around, as that would be beyond speculation,I continue to disbelieve that no other Investor/Investors cannot see the Potential ways forward here as Gold merely stair steps (up and down) towards $3000 and eventually- !!!!! This info (below) is very out of date,however whilst costs would obviously need to be re-evaluated,it is reasonably arguable that at Gold $2800 (looking to go far higher over time) that the IRR @49% or above could be maintained (or improved) + the 2 year Payback This does not take into account any of the positives added in drilling etc since 2011. 16 December 2011 Conroy (AIM: CGNR; ESM: CGNR.I) is pleased to announce that it has received an Updated Resource and Evaluation prepared by Tetra Tech Wardrop Engineering Inc (“Tetra Tech”). on its wholly owned Clontibret gold project in Co. Monaghan, Ireland. The new resource and evaluation was developed to Joint Ore Reserves Committee (“JORC”) standard and is an update on the scoping study previously undertaken by Tetra Tech. The update increases the resource to over 600,000oz Au, the mine life to 11.2 years and further enhances the economics of the project. The evaluation is based on a long-term gold price of US$1,372 per oz Au and on a new resource estimate based on infill drilling, assay results and updated geological interpretation. The new resource estimate using a minimum mining width of 2 metres and a cut-off grade of 0.60g/t Au shows a 25 per cent increase in tonnage to 11,709,700 tonnes and a 19 per cent increase in total ounces of gold to over 600,000 oz at 1.60 g/t Au (Indicated 259,956 oz Au, Inferred 341,148 oz Au) (See Table A). The mineral resource was evaluated for mining potential using Whittle pit optimisation software The Whittle evaluation shows a 120 per cent increase in contained gold within a conventional open pit configuration, a 35 per cent reduction in operating costs due to economy of scale, a reduction in stripping ratio from 11.8 to 9.4, a doubling of production rate from 400,000 to 800,000 tonnes per annum, a decrease in gold grade from 2.19 g/t Au to 1.53g/t Au, an assumed overall recovery rate of approximately 85 per cent using a bio-oxidation process; in-situ gold averaging over 50,000 oz per annum in the first five years of mine life and an increase in mine life to 11.2 years. (See Table B) The increase in size and throughput will increase capital costs to US$77.8M (from US$ 47.9M) but with a reduction in payback period to two years. The economic evaluation was based on a pre-tax financial model, taking a base case commodity price for gold of US$1,372 per ounce, this gave a 49.4 per cent internal rate of return (IRR) and a net present value (NPV), at an 8 per cent discount rate, of US$72.3M. Will my Blinkers burn me,I dont know,but then as a percentage of my overall Investments I am not risking My house,not even my Garden shed. Interesting times with so many potential Multi-Baggers in the Majors and some potential skyrocket,given away Microcaps, in my Canadian hunting Grounds. GLA |
Posted at 10/12/2024 10:37 by highley1 Well they have lasted a long time, and I fancy they might keep going a lot longer, they seem to be experts in prolonging a poor story and sucking in new investors who don't understand mining. |
Posted at 02/11/2024 13:23 by highley1 Obviously sad to see that the professor has passed away, I spoke to him at various times over the years, and he was always friendly and pleasant.This is the opitome of an AIM listed lifestyle compnay in my opinion, possible the best example, apart from Thor of course, and AYM, UKOG, NTOG, VAST, etc. etc. Management have been well rewarded for producing no shareholder value, shareholders have funded their lifestyle. The only mystery for me is why did investors fund this and the others I mentioned for so long? |
Posted at 17/10/2024 22:49 by trader465 richgit16 Oct '24 - 11:23 - 11822 of 11824“Let us not forget that Professor Richard Conroy had great success in His Business life.” Jimmy Savile and Gary Glitter had great success in their business lives, it didn’t make them decent honest people Success? Are you joking? He was a professional con man. I remember watching a video where he allegedly found a lucrative pink diamond mine next to a bus stop in Denmark lol He was extremely successful at funding his and his family’s lifestyle from investors cash. How much money did he return to shareholders in his lifetime? And how much money did he make from shareholders? Everyone dies, wake up and get real, one day you and I will be dead too, it’s the cycle of life ffs 🤷a |
Posted at 17/10/2024 22:44 by trader465 If he was 10 years younger he would have had another 10 years to rip off investors. |
Posted at 15/10/2024 20:29 by trader465 I’m sure his family are grateful for the investors cash |
Posted at 22/8/2024 12:02 by richgit Stating the obvious,,,,,,,As - indeed- Conroy has been around 20+ years,it is thus unlikely to not be around in the coming (assumed) multi year upward Gold run. From a situation of being totally unloved to a burgeoning - slightly liked,the Impact could obviously be dramatic. There is going to come a time with a potential huge change in Market sentiment, whereby Investors in smaller Gold stocks will be cheering for fundraisings to find more Gold - which would be potentially worth many multiples in asset value of the costs of finding it. Thus many tiddlers will rise multiples "The Good-The Bad-and the Ugly. Then eventually Investors will decide which are the Ugly and the Bad,leaving the Good to sail on. Ironic,that in the Dot-Com era,some of the Ugly rose 1000 times before reality came to the fore. Current possible worst case scenario for Conroy,is going it alone,but then at a looming $3000 oz Gold and a Market Cap that currently values this as a Bust Company, I would certainly not be a seller before the Gold frenzy arrives. IMHO |
Posted at 09/7/2024 08:48 by craftyspeculator richgit your logic could apply to any small gold explorer. As Mark Twain said, a mine is hole in the ground with a liar standing beside it with a shovel.Look at the history here: Conroy transferred his personal intangible asset (gold licenses) into a listed company at inflated values owed back to him from the new plc as a "debt" and then used the public market to raise actual cash (for his salaries and fees) while duping those new cash investors that the capital raising price was fair because he converted some of his debt into equity at the share price. What a scam. It's scandalous. His genius has been the way he has blood-sucked investors via the company to line his own pockets while delivering nothing for shareholders. |
Posted at 12/4/2024 14:23 by richgit Everything has been turned upside down.Younger Investors are more interested in Tech & Crypto,and have no idea that Gold is the only Real Money and trusted Barometer that tells when all is not well with Major Currency (iou`s). Many Juniors will double and still be ludicrously undervalued,and- as some suggest- any wobbles in Tech or Crypto could have those Younger investors looking at why Gold & Silver related stocks are rising. No doubt that will happen when many have risen 300% or more,and the next wave of Investors arrive. Just Maybe !! |
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