John Sherman said last interview with Roast
No more bucket placements
Marion will delivers this asset as major project not junior
Kevin only has to revisit the core from Clont
Not the entire 2 gold trends |
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? |
Bought 150 k yesterday @.0208
Now in the CGNR 1% Club
Thanks seller , Marion will deliver a 💥 deal at PDAC on March 2nd my guess
Over 600 k in my winner winner chicken dinner CGNR buffet. Plate 💰🦊 |
I get where your coming from but that's assuming they never get the gold out of the ground. Were the Turks coned then? 5 m down the toilet, not insignificant |
Eventually dead cats don't bounce. The analogy with a 5 million property is way off. It's like comparing it to a 1 acre site that is worth £10k, but if you could get planning permission for a big office block then that property would be worth 5 million. That's more like it. |
This is all very good, assets in the ground, like having a 5 million £ property on paper but no buyers. real question is, why has there been so little interest. Obviously there must be value there from the previous 5 million investment by DE but what's happening now? A bounce is due, even dead cats bounce! |
This is the last interview a few months back, Marian Moroney former Barrack Exploration head compares CGNR's project to Fosterville. |
They are now asking 2.6p for size, a significant premium. |
 I may have my Blinkers on,yet I am going to take more stock,now that several of
my 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-perversely at a Gold price few imagined,I am not surprised some sell
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This info (below) is very out of date,however whilst costs would obviously need to be re-evaluated,it is reasonably arguable that at Gold $2800 (looking to go far higher over time) that the IRR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 |
Can't even buy £5k's worth without paying a large premium, if a placing was coming you would be able to buy a shed load.
I would not be surprised to see the 20% major shareholder loan the company money like before, if he does that will put the shorts noses out of place and the share price would rocket. |
Looking back the last time CGNR stock was trading around current levels was in December 2019, by March the price hit 18p and by the same year it hit 40p.
Who knows if history will repeat? |
Don't touch this with a bargepole placing coming at best 2P or even less worst case scenario administration if they can't raise . |
Nothing left at 2.2p, a large premium being asked for just £3k's worth ! |
Could double your money quickly here when the tide turns, assuming you can get any shares that is.
The drop from 5p has been on a pittance of volume. |
Price is turning up behind the scenes, nothing much on offer now at 2.1p, the RSI is in very oversold territory and also turning up, a 50% fall retrace is possible in quick time therefore.
Do not rule out a bounce to the 4p region based purely on the technical position, drop occurred on exceptionally low volume. |
don't know if you are aware spig69 but they were once tied up "Conroy Diamonds and Gold" before the de-merger. Unfortunately both come from the same mare so they're both donkeys, whether together or separate |
8 pence to 2 and a bit pence. Come on management - either put us out of our misery via Administration or let us know what the hell is going on. This is painful to watch. As I have said on the KDR thread, tie the company up with Karelian to reduce costs - including the inflated salaries across both companies - and leave us long term holders with 1 company with a number of opportunities. |
Your humble opinion is based on fantasy. There is zero correlation between the price of gold and the CGNR share price for a reason. Without the prof's spin and bluster to eke out a new cohort of discounted placing mugs, it's now heading for administration. |
kaos3
Conroy survived at $800 per Ounce Gold,and a lot has happened since then.
My Logic suggests they will survive at beyond $2400 per ounce,and thus more arguably at beyond $2400 (currently $2700)
Time will tell of course,and for all of us,what currently will be a mere useless hindsight.
Holding and patiently waiting to see if the Current Management has the ability.
Meanwhile all Major producers are still at Bargain Prices and could Miltiply
aplenty,whilst some speculation into the truly unloved Tiddlers could be hugely rewarding.
IMHO |
bs continues |
Antimony over $50k in 2025 ;) |
https://www.angleseymining.co.uk/parys-mountain-mine-environmental-impact-assessment-eia-scoping-report-approved/??? |
Going to zero surely.They have gold they can't get out of the ground. More and more drilling, it will be 2050 before every make a pound in revenue. |
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