Conroy Gold & Natural Re... Share Discussion Threads

[kevjones2] 11/7/2017 15:51

80% share price rise in just over a month. The market is loving the rebellion!

[catswhiskas] 11/7/2017 09:18

Get prof and his cronies out

[kevjones2] 11/7/2017 09:10

One can only hope that when changes happen, be they small changes or huge changes or even just a change in attitude from Conroy, that the CGNR name and reputation has not already been so damaged that the market doesn't react. Given that the share price is already way up since the possibility of change was mooted it looks like the market will receive actual changes well.

[paleje] 11/7/2017 00:44

True and I doubt O'Sullivan would object to remuneration doubling if the market cap quadrupled. Or better:)

Greatland share price touched recently 8x higher than its 2015 sp, it's eased back a bit now but I wouldn't bet on it staying down for long and when I say 'down' it's still 5x. Who wouldn't want to see that sort of performance for Conroy, I'm sure long suffering holders won't begrudge some extra costs if the growth in value far outweighs them.

Eyes wide open of course, you can never be sure but the new guys have track records of making things happen for shareholders. Prof does not. Well not good things.

[4marlin] 11/7/2017 00:03

O´Sullivan does not have a say re. Greatland remuneration.

[paleje] 10/7/2017 23:55

But Goldeneye, what has happened to GGP share price since Heddle joined, they've got one of the worlds top gold miners actively checking over their main resource. They've also identified a cobalt resource with growing demand from battery manufacturers.

What has Prof got to show for the same period?

As you said, facts are important.

[goldeneye5] 10/7/2017 21:30

Sorry correction He is one of Mr O Sullivan's nominated directors

[goldeneye5] 10/7/2017 21:28

I notice Gervaise Heddle is one of the Mr O Sullivan's nominated investors. I wonder if Mr o Sullivan ever looked at the records of his two nominated directors.Given what Mr o Sullivan has said about cgnr administration costs v exploration costs, I would recommend he takes a look at the annual reports and accounts for greatland gold for year ended 30 June 2015, before Gervaise Heddle took over as CEO.....exploration costs £259,263 and admin costs 279,431.Then forward on to the annual reports and accounts for year ended 30 June 2016 "after" Gervaise Heddle took over as CEO.....exploration costs £145232 and admin expenses 518,894.In addition I am fairly sure the prof as always supported the company financially from his own pockets. Haven't they often took payments owed in shares. Facts are what are important. Important to vote against. At least look at what is really going on.

[resourceful] 10/7/2017 16:46

G5
can you comment on the cash cost of the board versus the drilling being done
this looks like the national health
money spent on admin not front line services
is ten years not enough

[kevjones2] 10/7/2017 14:48

Looks like ADVFN are having problems with their sps.

[kevjones2] 10/7/2017 13:30

From the Irish Independent:

"The nine-member board - which includes five members with "a familial or other relationship" - is "oversized, rewards itself handsomely at shareholders' expense, does not meet reasonable corporate-governance standards and has no discernible development plan to crystallise value from its potential assets".
O'Sullivan added: "We are taking action to save the company, reconstitute the board and reposition business operations to follow a commercially-driven strategy and enable the company to raise finance on sensible terms, (that are) protective of existing shareholders."

AIM-listed Conroy's shares have tumbled from £11 to below 12 pence. O'Sullivan wants to cut the board to six, with himself and two UK-based industry experts appointed. Chairman and founder Professor Richard Conroy, who owns 22pc, would remain in his position.
O'Sullivan said Conroy had "not invested sufficient shareholder resources into exploration and development. It has been in existence for 22 years and to date it has not delivered a viable mine. It is time for change".

Outside investors are interested in the company but the board does not "inspire confidence amongst private investors or attract institutional support", he said."

[kevjones2] 10/7/2017 12:44

From an article in The Times:

"O’Sullivan controls more than 28% of the company; Conroy and other board members have 26%. The company has 2,500 small shareholders.

O’Sullivan, who has supported cash calls at the company since 2009, said the number of metres drilled was “disappointingly low”.

In 2013, Richard Conroy said he hoped to bring a gold mine into production at Clontibret “within three years”. O’Sullivan believes it is “no closer to bringing a mine to production than it was four years ago”."

[kevjones2] 10/7/2017 12:06

It really is a scandal and it verges on corruption.

[4marlin] 10/7/2017 12:01

56% of operating expenses going to the board is something that `star` board member SF should never have gone along with.
And that is just for starters.

[goldeneye5] 10/7/2017 12:00

No need for me to respond. I would just recommend people just read KevJones2 post above. It's post 7803. Hopefully he doesn't remove it.KevJones2 would have been happy if the company had been taken private and loose the rest of his investment just for spite. That what he says. Perhaps other investors wouldn't be happy to loose any more money. I wouldn't.READ THE CIRCULARMR O SULLIVAN WANTED TO DELIST THE COMPANY ANDTAKE THE COMPANY PRIVATESUICIDAL TO VOTE FOR!NO BRAINER NOW.HAVE TO VOTE AGAINST

[kevjones2] 10/7/2017 11:56

Goldeneye5 lying yet again. Here is his dishonest interpretation of my post above:

"Hopefully he doesn't remove it.
KevJones2 would have been happy if the company had been taken private and loose the rest of his investment just for spite."

Spite? My concern is for naive investors. Here's what I actually said:

"I would have happily seen the company de-list and lost bit remaining as long as the greedy, arrogant and breathtakingly incompetent bod could no longer milk any more naive investors."

[goldeneye5] 10/7/2017 11:42

No need for me to respond. I would just recommend people just read KevJones2 post above. It's post 7803. Hopefully he doesn't remove it.KevJones2 would have been happy if the company had been taken private and loose the rest of his investment just for spite. That what he says. Perhaps other investors wouldn't be happy to loose any more money. I wouldn't.READ THE CIRCULARMR O SULLIVAN WANTED TO DELIST THE COMPANY ANDTAKE THE COMPANY PRIVATESUICIDAL TO VOTE FOR!NO BRAINER NOW.HAVE TO VOTE AGAINST

[kevjones2] 10/7/2017 11:13

Actually, you're wrong yet again. Having already lost the vast majority of my holding , I would have happily seen the company de-list and lost bit remaining as long as the greedy, arrogant and breathtakingly incompetent bod could no longer milk any more naive investors.

Anyway, what you're doing is pure mischief. You know fine well (unless you're a complete moron) that business people change their minds all the time. Repeatedly highlighting (without context) a historical comment is deliberate and intentional scare-mongering. It again highlights just how dishonest you are. It's nearly enough to encourage others to visit the bb of one of your investments just to spread your type of honesty.

[goldeneye5] 10/7/2017 10:20

Kaos3 that is true, however the fact that this was his initial mindset should set alarm bells off in shareholders heads. No shareholder would have wanted that no matter how disappointed they are at current performance. Whilst Mr o sullivan was an enigma, I certainly presumed he was supportive before as we had no reason to believe he wasn't. However to learn that he at any point wanted to take the company private is alarming.

[kaos3] 10/7/2017 10:09

circural said that he wanted to delist but is not wanting to delist any more ?????

G5 am I not getting it right or are you making false propaganda - can you please help me?

[kevjones2] 10/7/2017 09:19

SP up 60% since 8th June RNS which gives us hope to narrow our losses.

[resourceful] 10/7/2017 08:53

saw it
is that cash out

[4marlin] 09/7/2017 22:55

Payments to the board - including fees, share options, pension contributions and other compensation - for the seven years to May 2016 totalled €4.1m, which was an average of 56pc of total operating expenses, said O'Sullivan.

[4marlin] 09/7/2017 22:52

hxxp://www.independent.ie/business/irish/conroy-golds-board-pays-itself-too-much-says-top-shareholder-35907931.html

[goldeneye5] 07/7/2017 16:21

READ THE CIRCULARMR O SULLIVAN WANTED TO DELIST THE COMPANY ANDTAKE THE COMPANY PRIVATESUICIDAL TO VOTE FOR!NO BRAINER NOW.HAVE TO VOTE AGAINST