Nothing to see here, just another dog that survives on placings |
Book is strong, 2.9p being asked for size, current advertised offer is 2.6p |
If they get a JV partner the shares will be 20p+ in a flash, even then it would only value the company at £10m.
Current m/cap of £1.3m is stupid especially with gold at $2900oz. |
I’ve bought 700 k in last few weeks
Short fingers are smoking 🚬 and could catch fire 🔥 🤣🔥 |
Premium for size now being asked.
Very little chart resistance to 6p here currently, currently valued at option money £1.4m m/cap in todays gold price environment ?
The shares move dynamically to the upside, just view the historic chart ! |
Given todays update this looks exceptional value based on a meagre £1.35m market cap, there are only 55m shares in issue and major long term holders have 40% of those.
At times the market simply gets it wrong, it is clear Conroy are in discussions regarding a partner and given the current gold price environment it is only a matter of time before a JV is announced.
The other aspect is their EU application for Critical Mineral Project status, if attained there are significant grants in place.
The base is well and truly in here IMO. |
bs continues |
in a matter of time the company will run out of funds...every bride it has tried to walk up the aisle has walked. There are no more brides. The £1m market cap is a lottery ticket valuation...only hope is for someone to "back in" a real project with a fresh start and a new story. |
For a bear squeeze one needs a reasonable volume of shorts existing?
I'm not sure that is the case.
IMHO there may be potential value here (at the right price), however there are a number of issues in my mind that are a hurdle apart from resource & reserve, economic feasibility etc.
We have all seen the permitting hurdles of others locally / over the border. |
With a bit of volume you could see a ginormous bear squeeze here. |
Been taking a look at Conroy, now in effect under new stewardship, one has to say with mid cap and major gold producers bank accounts flushed with cash how can any of them ignore several 50km proven gold trends with an added bonus of early production.
Clearly Conroy needs a partner, in the current gold price environment it is only a matter of time before that partner is secured.
Goodness knows how this is only valued at £1m, there are companies with no resource, no JORC and dare one suggest very little potential sector listed on AIM valued at £2m-£5m
The shares have fallen too far. |
Nothing much available online now, the shares are poised for a technical bounce, the RSI is at a 2 year low but turning up, a retrace to 50 would move the share price materially.
CGNR traded at 14p this time last year. |
Coul Be broker arranged fees or overhang gone , why it’s stuck on 2.3 this afternoon |
So why is someone selling a 500k block of shares if cgnr are closing in on a JV? I bet it's the same person that sold 500k shares on Friday. |
Late report of 500 k sell ?
No many hold such a large amount in this company? |
Sod all available online now, fall from 4p/5p region is massively overdone and it occurred on tiny volume. |
Looks like this week will be better volumes than last week in buy terms
Over sold many times over
🦊 |
they should do consolidation 100 to 1
again
and so they will create credibility
simples - taken from the prof textbook |
So they had to wait all that time from last May round to this March so Marian can speak to someone at PDAC about a deal? Do me a favour. Discussions could have happened from day 1. They have let the share price crash from over 10p when Demir left to 2p now. In all that time they have given no update about whether they are making any progress. In fact they said it was very challenging for an explorer to get finance which sent the shares even further down. |
bs continues |
Shorts about to get a bloody nose here, oh dear. |
When this moves it moves fast, it's a gift at current levels. |
Marion
Is also on other companies boards one which has been recently taken over for multi hundreds millions deal
She a very inpatient team leader according to Kevin at the AGM
She’s on a mission not a jolly !! |
This looks materially oversold, with only 55m shares in issue and 40% held by long standing supporters the market cap is just £1.2m, it looks well placed for a strong rally therefore.
One whiff of a JV deal or some other corporate activity and the share price will look after itself.
Good luck trying to get a decent line of stock, the free float is minuscule. |
Marion on the PDAC board !!
Simples |
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