Conroy Gold & Natural Re... Share Discussion Threads

[robemy] 30/4/2024 19:02

Is there any point to this discussion? You obviously have a very negative view on this company and have for many years. Nothing is going to change that and repeating the same allegations about this and that is getting boring. If you actually hold any shares in CGNR my question is why? And if not, why are you even here at all?

[diamond_mountain] 30/4/2024 18:56

Nothing wrong with my memory.

[diamond_mountain] 30/4/2024 18:55

Well to believe that, you must also believe that AAZ are dummies for signing the terms announced on 21 July 2020, which included warrants and cash deposits, without the basic commercial protections that prevented the counterparty from doing a deal with someone else. Read the AAZ announcement. They both signed up to the terms.
I do not believe AAZ are dummies. It didn't pass their DD and they allowed CGNR to discuss with Demir.

[robemy] 30/4/2024 18:46

They didn't walk and everyone seems to know that except you. They received a better offer from Demir simple as that, I worry about your memory DM as we've been here before.

[diamond_mountain] 30/4/2024 17:43

Of course AAZ walked. They exited talks after doing DD. Now you know why. The projects don't cut it. Demir found that out the expensive way.

[mininglamp] 30/4/2024 17:20

Just goes to show how poor the multitude of bashers who operate across ALL bulletin boards are in respect of knowledge, they are totally clueless. One does wonder if there is some form of collective shorting operation on AIM in general.

In this case they suggest Anglo Asian Mining 'walked away' well NO actually, Conroy pushed them aside for Demir.

One wonders what the next scare story will be in their quest to try and influence investors to sell.

The shrewd were buying this afternoon.

[diamond_mountain] 30/4/2024 16:00

First time anyone ever walked away because a project is TOO BIG. Heard it all now.

[craftyspeculator] 30/4/2024 15:55

Hilarious - the gold trends were SO BIG that Demir and AAZ couldn't handle the incredible scale of opportunity, so they WALKED AWAY having wasted their money. Bejasus that's as funny as I've ever read here. Talk about the delusion of being invested in something but not being emotionally mature enough to recognise that your investment has evaporated. Explains how Con Roy keeps pulling in the suckers in his keep the lights on and dream alive do or die placements.

[robemy] 30/4/2024 15:54

Ah so you sort of understand, penny maybe dropped then, well done DM

[diamond_mountain] 30/4/2024 15:51

Yeah right! "Boys, we have to walk away from this one, it's too big" "But boss, we already spent €5 mil and have a deal to take majority ownership!". "I hear you, but Professor Conroy says it's huge, not just one but TWO gold trends. The billionaire Koc family are saying it's simply too big for us and we have to walk away before it swallows us up. Take a 2% royalty and let someone bigger than us do all the hard work". "But boss, the boys and girls on ADVFN were so pleased two years ago that someone as big and serious as Demir and the Koc family did a deal with their little company." "I know but it overwhelmed us. TWO gold trends man, we had no idea it could be so tough"

[robemy] 30/4/2024 15:37

Must we point out the obvious? 2 gold trends of district scale are too much for either of them to effectively deal with.A bigger partner incoming

[diamond_mountain] 30/4/2024 15:22

By your own logic, neither AAZ nor Demir are stupid - and they both walked away from this. Demir after having spent €5 mil on the thing. What does that tell you?

[broken_arrow1] 30/4/2024 15:00

Just 15,000 shares available at 9.5p then it goes higher.

Early sellers overhang seems to have cleared.

[goggin] 30/4/2024 14:53

Exactly, why would Dimer spent 5m on a dud unless u believe they are extremely stupid and they could have walked at any time. They didn't and obviously saw something. It doesn't make it any less painful though or disappointing to buyers looking for a return. CGNR as all junior mining companies are gambles on the possible and the what ifs, some win, some loose.

[mininglamp] 30/4/2024 14:03

Fact is both Demir and Anglo Asian Mining were attracted to Conroy, having met AAZ management personally I can you that they have excellent geologists and would not have been interested if the project was a dud.

Demir spent £5.5m, they are no mugs either.

There is no doubt Conroy (let alone the market) were disenchanted by the lack of progress/enthusiasm by Demir. Conroy has stated he wants to build a mine and one suspects it was the Prof who ousted them in the knowledge there is a larger and more determined outfit wanting in.

I suspect it will not be too long before we get to find out, no wonder the stock is attracting buyers at these very low levels.

[robemy] 30/4/2024 13:48

We are most grateful for your warning based on an alleged event in 2004. I will sell my holding immediately, thanks

[craftyspeculator] 30/4/2024 13:35

robemy....try this (1) I spoke to Prof Conroy back in 2004 about the prospects of a mine and was a supporter of the company / small shareholder (2) he lied about the timeline and plan (3) I asked a family friend who is a Canadian gold mining geologist to run his eye over the grades and outline project costings. He said that the data was incomplete (no chance of a BFS), the grades reported were abysmal to poor, and the project had no chance of getting off the ground. I'm here as a warning. I was the idiot back in 2004 and managed to sell out for break even on a spike but it was a lucky escape. The Prof is a rinse, repeat merchant who has sucked incredible amounts of cash out of this company without ever producing any gold, diamonds or minerals of any sort, and zero prospect of doing so. Moral of the story is that I did lots of research belatedly. Do it before investing here. Buy a lottery ticket. At least you know the odds are factual.

[robemy] 30/4/2024 13:23

The grades were economic with a $1300 gold price so you obviously aren't doing your research. Best of luck with your investments.

[diamond_mountain] 30/4/2024 13:18

Robemy saying these grades are economic at today's prices shows you have no clue. But I understand what you are doing, trying to ramp this to recover some value. Pointless though, the market knows all about Conroy and this project once again has been shown to be an abject failure.

[diamond_mountain] 30/4/2024 13:07

Of course the company will talk up interest. Their JV partner just walked after spending a massive sum and coming up with nothing new. Conroy needs to come up with cash quick.

[robemy] 30/4/2024 11:58

There's nothing crafty about your speculating here. Totally missing the point and every part of your post is incorrect. Good luck with whatever you decide to invest in.

[kaos3] 30/4/2024 11:48

BS continues

[goggin] 30/4/2024 11:38

Looks like Greatland might be coming into play over the next year or so too, another one which has collapsed since the great covid gold rush )-;

[craftyspeculator] 30/4/2024 11:22

The grades are uneconomic. Even extrapolated the entire gold trend doesn't move the needle for any gold major, so there is no change of a Newmont or Barrick having an interest here, despite the delusions of robemy and richgit. Finally, I can tell you all that even if the grades were proven and economic, there is zero chance of achieving planning consent for an open pit mine in North Monaghan / South Armagh.

[vish65] 30/4/2024 10:53

" Visiting " is a world away from due diligence and signing on the dotted line . Which is why so many walk away and continue to do so. (Even after they sign on the dotted line it seems. )