Conroy Gold & Natural Re... Share Discussion Threads

[kevjones2] 04/8/2016 23:38

I posted this on LSE too. The thread title was "Last effort....

...on my part to try to get CGNR longterm holders to actually do something other than watch the bod reduce the value of each of our holdings pretty much on a six monthly basis (if we were lucky enough to get updates every six months in the past). Every few months that pass the value of our holdings become smaller and smaller while the bod's wages have NEVER been negatively affected. I understand that certain 'loyalists' (who must be losing a fortune) won't agree that this is a load of nonsense. I even get that one or two will try to get this post removed. I have, and will not, say anything libellous about CGNR but the facts speak for themselves.

MTR invest in shyte companies which are usually on their last legs. I get their idea and think it's a good idea to take risks with numerous companies that are going nowhere BUT MIGHT end up being a multi-bagger. With enough risks they might succeed and good luck to them but don't think they invested here because they saw something wonderful.

The now departed rampers have made their money and good luck to them too. They didn't play fairly or honestly but karma will eventually be a female dog. (One in particular might visit now and then to validate his ramping bs but that's only because he has other bbs to exploit. Trust me, I've experienced him elsewhere.)

I suggest lths email the bod and MTR directly (the CGNR contact area on their website is completely and utterly useless and, as usual, ignored. Ringing CGNR's office has resulted (when I eventually got an answer) in an arrogant, hostile response to me in the past - maybe that's changed but I doubt it. Emailing them directly has also led to pompous arrogance. I posted their replies here 12/18 months ago and not one lth found anything wrong with CGNR's contemptuous reply to my polite enquiries. Bottom line is this: find a way of contacting them personally via email at least.

I'm losing around 85% of my investment so I don't expect anything and that's fine with me but I simply refuse to stand by and watch others be sucked in to a company that proudly refuses to offer a timeline
/forecast/prediction of anything at all, as long as its bod (a close knit FAMILY in some cases) continues to be paid handsomely.

I offer no email addies or phone numbers. If you give a toss find them yourselves. Otherwise let the milking continue."

I left in the typos.

[bageo] 03/8/2016 20:51

Strange release - veins are normally obvious so you would assay just the vein - but conroy report fixed lengths mostly of 1.5m. Compare to Connemera.

[goldeneye5] 03/8/2016 20:24

I share your pain Kevjones2, the market will only take note when there is a partner on the scene here. Potential partners are watching Clay Lake not Clontibret. I know Rio require 3m oz before they are interested. Conroy appears to have a good idea of the geology in the area, so I am wondering how much drilling will be necessary to prove up Clay Lake and how much money?1st drill result was excellent. The economics of Clay Lake will be about bulk and tonnage which is fine for low grade, however the grade may turn out to be a lot better than originally expected. CGNR should have drilled this long ago when they first began to realise it's possible scale. In my view major mining companies are more interested in Clay Lake now than they are with Clontibret now. If results continue as good as today's, I think a major will make a move rather than wait it out and risk loosing out. Of course there is no guarantee the good results will continue, but you get the feeling Conroy knows Clay lake is the jewel in the crown.Money needed to keep the drill going!

[goldeneye5] 03/8/2016 08:36

Market clearly hasn't noticed that rns... I'm impressed

[simonparker5] 01/8/2016 15:01

I understand the plans were to drill Glenish first and then move on to Clay Lake. Drilling should therefore have already started.

[goldeneye5] 01/8/2016 12:30

Anyone know if drilling has started at clay lake yet?

[craffert] 27/7/2016 22:22

The "KDR is on the cusp of a massive diamond find" theory gets trotted out here every year or so in response to the dawning realisation that developing a mine costs a bloody fortune, which means massive dilution....so the old Prof is clearly going to win the euro millions lottery and hand that over to CGNR to build a mine. The chances of that are about the same as any of us winning the lottery. What might happen is that Metal Tiger ensure a reign is kept on the ludicrous level of board room pay, and ensure a programme of work is done with the placing monies which proves up something which is real (ie all the data disclosed!) and interesting enough to attract someone else with deeper pockets to take it on as project operator. That truly would be an appropriate swansong for the Professor. Over to Metal Tiger.

[bageo] 27/7/2016 19:10

I don't think Lahtojoki is any where near the size that would interest Rio. The craton hosts big deposits over the border hence Rio's approach of letting KDR do and pay for the exploration with back-in rights if anything big enough is ever proved up - a long path in diamonds.

[kevjones2] 27/7/2016 12:44

Oh right. I see what you mean.

[goldeneye5] 27/7/2016 07:04

I'm just saying if (and a big if) KDR hits the jackpot, then there is a good chance "Conroy PLC" and the Prof (which both stand to make a fortune if KDR is successful based on there % shareholdings) would then back CGNR financially. The prof has always invested his own money in cgnr so if he was then in a position to make it a reality, it's fair to assume he would want to do that. Just a scenario. Probably unlikely, however cannot be discounted.

[kevjones2] 27/7/2016 02:19

Goldeneye, are you suggesting that good news for KDR is good for CGNR? I rknow they're related by the Prof but how do you see KDR's success reflect on CGNR? I may be missing the point (probably am)!

[goldeneye5] 26/7/2016 22:28

I mean KDR of course, sorry.

[goldeneye5] 26/7/2016 22:27

Possible commercial diamond find or decision to mine which they are supposed to be mulling over(presumably with Rio footing the bill).They give nothing away on their website in terms of their projects which suggests that they are keeping a lid on everything as they go along. Metal Tiger CEO investing heavily on a personal basis. He must see something.This is a risk/reward play, shareholders (in particular the prof) will either make an absolute fortune or nothing. I suspect they aren't wasting their own time/money, nor risking reputations.They have been positioning themselves in Finland in stealth mode for a number of years. Very little promotion from the company. I noticed how quick they dropped one licence/project when there was local decent due to environmental concerns. They are clever. We shall see. Due a mining decision by sept/October is some reports are to be believed. It's got risk, but it's a really interesting minnow!

[bageo] 26/7/2016 19:21

windfall in Finland - on what news basis?

[goldeneye5] 26/7/2016 15:31

For sure. Toronto should have brought some interest here. I would be surprised if it didn't. There is possibly a partner in waiting. Can you imagine what will happen to the share price on an announcement of a partner for Conroy! There is also the possibility that they may be in line for a windfall in Finland, and they may know that and be stalling in Ireland, thinking that they may be indirectly in a very strong position financially soon and would not be as dependant on the joint venture for cgnr, thus delaying them from committing to terms.It's been a long time, so I have come to expect nothing and hope to be pleasantly surprised.

[kevjones2] 26/7/2016 15:05

The problem is the Prof keeps coming out with interviews saying this is going to be great. I've long since expected developments in 2016/17 but we really need a time-frame at this stage. It seems to be test after test after test. We know the gold is there in high grade and decent quantities - it's about time CGNR actually started mining in my opinion.

[goldeneye5] 26/7/2016 14:48

A return on investment is hoped for fairly rapidly....could be another hint...no idea, but hope so.