Conroy Gold & Natural Re... Share Discussion Threads

[parob] 23/9/2020 13:25

Going by the price action I'm personally expecting it within a couple of weeks.

[enter] 23/9/2020 13:22

Anyone got any thoughts on how long the delay may be? It's a shame that AAZ couldn't give any indication of a timeline for finalising the JV.

[parob] 23/9/2020 13:15

Can sell 75K shares ABOVE mid price, but back to NT to buy the tiniest amount of shares.

[stevea171] 23/9/2020 13:11

Zak Mir charting video today incl Conroy Gold at 1:45 in. Target 60p.

Share Talk Bulletin Board Heroes, Wednesday 23rd September 2020

[parob] 23/9/2020 12:21

And now delayed 50K block buys popping up.Great volume today.

[parob] 23/9/2020 12:20

Full offer price to buy, yet can sell above mid price. Convinced we have another large buy being worked. The sells appear to be getting soaked up.

[stevea171] 23/9/2020 10:24

𝐂𝐥𝐨𝐧9853;𝐢Ү35;𝐫𝐞;𝐭 𝐆𝐨𝐥𝐝 𝐓𝐚𝐫𝐠9838;𝐭Ү52;
▪️The resource only covers a small fraction of the Clontibret gold target area
▪️Potential expansion of resource to depth
▪️JORC resource 517,000 oz Au

[parob] 23/9/2020 10:00

Price ticking up without new buys showing. I'll keep an eye out for another 500K delayed buy.

[parob] 23/9/2020 09:43

It would be great to reach new all time highs then for the AAZ JV confirmation RNS to land.

[bleepy] 23/9/2020 09:36

Latest presentation highlighting Conroy joint venture and potential...

[bleepy] 23/9/2020 09:34

Longford Down Massif Gold Project

Three significant gold targets in over 800 square kilometres in a major gold district...
The Longford Down Massif Gold Project boasts three significant gold targets covering over 800 square kilometres in a major gold district

• Clontibret - an existing JORC Resource of over 500,000 ounces of gold

• Clay Lake - a gold target that extends for two kilometres by one kilometre and lies at the north-eastern end of the 40 mile Longford Down gold trend

• An additional 8.8m ounces of gold exploration targets in the Longford Down trend providing significant upside potential

In line with the Company’s growth strategy, the project will complement the Company's existing pipeline of projects in Azerbaijan, adding significant shareholder value

[bleepy] 23/9/2020 09:33

Conroy Gold Joint Venture

Designed to minimise risk to Anglo Asian Mining shareholders...

• Transaction designed to “ring fence” Anglo Asian’s expenditure from Conroy Gold’s corporate activities

• Licences will be in 3 “clean” special purpose Joint Venture companies each holding various licences: Company 1 the Clontibret licence
Company 2 the remaining Republic of Ireland licences
Company 3 the Northern Ireland licences

• Anglo Asian will acquire 17.5 per cent. of the 3 companies on signing the Joint venture agreement

• Percentage of companies held at end of “stage one” (initial exploration) depends upon Anglo Asian’s funding of the 3 companies:

• < €2m → 0% (ownership reverts to Conroy Gold)

• €2m to €4m → Between 17.5% to 25% pro-rata depending on the amount of expenditure • ≥€4mU94;25%

• Anglo Asian’s ownership interest will increase to 55% if it commits to “stage two” expenditure including various expenditures to bring Clontibret to “Construction Ready” Status

• Anglo Asian can elect to proceed to “stage two” and develop Clontibret after only €2m of expenditure

• Committee under the control of Anglo Asian Mining will manage the joint ventures

[parob] 23/9/2020 09:13

The Company is currently completing due diligence and FINALISING the joint venture agreement with Conroy Gold.

[stevea171] 23/9/2020 08:35

Can't buy even 1,000! MM's will let you buy 100 though ........!!!!!!!

[parob] 23/9/2020 08:32

NT NT NT to buy!Yet can sell large amounts online easily.Wonder if another 500K block buy is being worked.The mm's will have to move this up soon.

[stevea171] 23/9/2020 08:03

AAZ Interim Report this morning.

"Agreement with Conroy Gold for a proposed joint venture to acquire up to 55 per cent. of the Longford Down Massif gold project

It has long been an intention of the Company to pursue opportunities outside Azerbaijan that complement our existing operations. We were therefore very pleased to reach an agreement with Conroy Gold for a proposed joint venture in Ireland. Anglo Asian will acquire, by way of the joint venture, up to a 55 per cent. interest in the Longford Down Massif gold project in Ireland, currently wholly owned by Conroy Gold, in exchange for committing to meet certain expenditures.

The Company believes the Longford Down Massif has exceptional gold potential. The licences cover an area of over 800 square kilometres in a new "district scale" 65 kilometre gold trend located in the Longford Down Massif in the north-east of the island of Ireland. The trend includes gold discoveries at Clontibret and Glenish in County Monaghan and Slieve Glah in County Cavan, in the Republic of Ireland, and Clay Lake in County Armagh, Northern Ireland. Clontibret has an existing JORC (2012) Resource of 320,000 ounces of gold (Indicated) and 197,000 ounces of gold (Inferred) totalling 517,000 ounces of gold.

There is no initial purchase consideration payable for the licences. In return for investing EUR 2 million to explore the properties, Anglo Asian will acquire 17.5 per cent. of the companies holding the licences, increasing on a pro-rata basis to 25 per cent. for investing a total of EUR4 million. Anglo Asian will retain this holding if it decides not to proceed further. Anglo Asian can then increase its interest to 55 per cent. by committing to additional exploration expenditure and the expenditure required to progress Clontibret to a "Construction Ready" status.

The Company has already received 325,000 share warrants at 16 pence per share in Conroy Gold and will receive further share warrants upon signing of the joint venture. This is to benefit from any increase in Conroy Gold's share price."

[parob] 23/9/2020 07:12

From AAZ interims RNS this morning:We were very pleased to reach agreement and sign heads of terms with Conroy Gold and Natural Resources PLC ("Conroy Gold") to form a joint venture subject to satisfactory due diligence for the exploration and possible mine development in the Longford Down Massif in Ireland. We believe this project has high potential in a transparent and mining-friendly jurisdiction. The Company is currently completing due diligence and finalising the joint venture agreement with Conroy Gold. This process has been impacted slightly due to COVID-19 travel restrictions.

[stevea171] 22/9/2020 19:15

Roger. Yes, perhaps that's the explanation - a worked trade over some extended period.

If and when this hits the MSM in the UK and Ireland with the JV and some decent new drilling results I pity the PI's trying to take a position. Even at a much higher price, I can see the MM's offering them 100 shares ..... !!!

[rogerramjett] 22/9/2020 18:58

They have made a bit out of it. It was well above ask.

They may have worked it for some time. Stayed in contact with the buyer and once they had enough made the transaction.

Who ever bought the 500k could see their £150k investment worth half a million shortly.

[stevea171] 22/9/2020 18:48

Where did the 500k shares bought at 29.5p reported at the close come from? The shares are tightly held and the MM's are running a very flat book.

Last week and yesterday it's hard to get a quote to buy any decent quantity. The MM's have refused to sell. I even tried 'fill or kill' a couple of times which works for other shares but here the MM's again refused to sell.

So it comes back to: if they have had virtually no stock over the past week, then suddenly they sell 500k out of thin air ..... ???!!!!

[rogerramjett] 22/9/2020 18:28

can't be long now. I wondered the same thing. £150k but is not usually a punt. Especially in these markets.

[parob] 22/9/2020 18:16

500K buy now showing from yesterday explains the price action of late. Someone is confident, perhaps in the know.Tick tock...

[thecynical1] 22/9/2020 17:57

Don't you just love those nice colourful pictures........8580;🙄ԅ80;🙃

[stevea171] 22/9/2020 11:47

JV of AAZ with CGNR likely to be confirmed any day now.
Clontibret has 500,000 oz JORC resource and is the most advanced of the prospects along a 65 km trend.
A new drilling program is expected to start before the end of September, initially at Clontibret funded by AAZ making use of 20 odd years of CGNR exploration knowledge of the region.
Drilling is to include close spacing drills in the established resource area at Clontibret, some deeper drills and wider afield.

𝐂𝐥&#119848;𝐧9853;𝐢Ү35;𝐫𝐞;𝐭 𝐆𝐨&#119845;𝐝 𝐃𝐞&#119849;𝐨9852;𝐢Ү53;
Open in all directions, with high grade gold intersections including:

3.9m @ 9.2g/t Au from 50m
5m @ 6.1g/t Au from 50m
2m @ 14.2g/t Au from 50m

[kaos3] 21/9/2020 16:06

bullsheet continues