Share Name Share Symbol Market Type Share ISIN Share Description
Conroy Gold & Natural Resources Plc LSE:CGNR London Ordinary Share IE00BZ4BTZ13 ORD EUR0.001 (CDI)
  Price Change % Change Share Price Shares Traded Last Trade
  0.25 1.06% 23.75 11,242 08:43:49
Bid Price Offer Price High Price Low Price Open Price
23.00 24.50 23.75 23.50 23.50
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining -0.61 -2.50 9
Last Trade Time Trade Type Trade Size Trade Price Currency
12:46:37 O 2,397 23.10 GBX

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Conroy Gold & Natural Re... Daily Update: Conroy Gold & Natural Resources Plc is listed in the Mining sector of the London Stock Exchange with ticker CGNR. The last closing price for Conroy Gold & Natural Re... was 23.50p.
Conroy Gold & Natural Resources Plc has a 4 week average price of 19.75p and a 12 week average price of 19.63p.
The 1 year high share price is 48p while the 1 year low share price is currently 19.50p.
There are currently 39,262,880 shares in issue and the average daily traded volume is 204,880 shares. The market capitalisation of Conroy Gold & Natural Resources Plc is £9,324,934.
diamond_mountain: chrysos, your point about market regulation is very well made. Unfortunately the NOMAD system and absence of mining expertise in AIM means that there is no peer review of company statements and companies like CGNR can say what they like, call it JORC compliant, and mislead investors into believing that unfounded speculation is fact, without sanction. I mean, the CGNR faithful genuinely seem to believe that CGNR have millions of ounces on their books, just because they say so on their website and twitter feed! You don't have to dig deep at all to find that the figures have no foundation.
goggin: Cgnr has a market cap of app 10m, do the maths and know that share prices are not based on fundamentals only but driven in large part by sentiment and future prospects. Hence we seem many loss making companies year after year rake up millions of £ in losses, never turn a profit yet have mark caps in the 10's of millions. If you believe cgnr is a heap of rubbish, stay away, if you believe in its future prospects and are in for the long term and are prepared for massive swings both up and down with long periods of inactivity, cgnr has the potential to be massive and a market cap of 160m equates to a share price of app £4 with 40m shares in issue. You love figures so you do the maths. Having been here for over 20 years, I see them come and go, all the doomsayers don't understand what is really going on behind the scenes and demanded immediate jam, that jam has taken time to come to fruition as has most things that are good in life - it takes time.
diamond_mountain: InTheMix - The value of the assets stays the same, JV partner or no, until additional resources are added and a viable development path can be demonstrated. Investors have been given nothing to value for years so an share price can be driven by sentiment only. This share is pure speculation over a potential JV, which everyone is relying on to somehow validate rubbish projects.
diamond_mountain: Sure, you can speculate on what the future might hold and whether a share price will go up or down but you can't credibly put a value on ounces that have not yet been discovered and are therefore purely hypothetical, especially the way that Conroy has generated fantasy numbers and misled the faithful. The dudes here were arguing that this is worth £4 a share when all you have at the moment is a very shaky project NPV of $72 million, no actual proven feasibility or development path, and hopes and dreams in the form of a possible private JV partner. I do hope everyone makes loads of money. Eyes wide open.
fullbreakfast: Somebody must have spiked my drink, CGNR share price appears to have gone up.
chrysos: IMO if you believe Conroy dumped AAZ at the 11th hour for a better deal, you are deluded. However it was spun, and we weren't flies on the wall, the reality was probably closer to this: AAZ, with probable off-the record major shareholder pushback about inappropriate expansion, lack of focus, and on a full technical appraisal of the pitfalls, likely pulled out. If you believe that they didn't have a sufficiently tight HoA to prevent jilting at the altar, nor, as a succesful gold miner were not savvy enough to identify project downsides, then you probably shouldn't be investing in natural resources. Any company that wants something, has invested time and treasure, and is cheated by a minnow, will litigate. They wanted out, and let Conroy spin it as a "victory" out of goodwill. To Demir, who let's face it are primarily a base metals/coal/construction/trading company, gold and Ireland are very peripheral. Chances are Conroy was desperate to save face post-AAZ, and they were taking a punt. They do, however, have a lot more experience in M&A's and project appraisals than CGNR. As such, they are likely to insist on a full evaluation and  audit, including confirmatory drilling (we know the latter is true). They will likely use a 1st tier consultancy, like Snowden or SRK to manage this, unlike the 2nd tier consultants that CGNR can afford, and because they are a top level client, and because this involves serious tyre kicking, expect the results to be thorough and critical. It's the consultants job to gain the best position for the client, and avoid liability for any oversights. This is 180° opposed to previous "studies" and "paid research" where the objective was to glitter-coat the company within the limitations of professional conduct. In the event that Demir do not walk, on receiving the warts'n'all report, expect a serious renegotiation to the detriment of CGNR and its shareholders. κατάρα στους χειμερ_3;νούς κλέφτε`2;
proman99: made money on this share in the past.Back in now.Expect news before end of month,which could or should catapult this share price into multiples of present share price Going to happen!
hooops: TheKuhmo1 Posts: 18 Price: 4.25 No Opinion RE: DEAL???COMING10 Mar 2021 15:50 Looks like one or two over at cgnr are starting to piece this together. Andrew Neal looks to be figuring it out. Rio Tinto Exloration Finland is a newly formed company formed for Rios upcoming interest in Finland, which few have picked up on. They have kept their Finnish interest quiet but have their fingers in a large number of pies involving a number of mineral resources, and incorporating an enormous amount of licensed land. This involves quiet involvement with multiple private and some public companies in Finland. You never see Finland mentioned on Rio Tinto website for a reason. Rio Tinto Exploration Finland Oy has a board of 4 executives. At least 2 of them are there solely for their diamond expertise and diamond experience. This new company gave Geopool power of attorney and at similar time Geopool suddenly appeared on CGNR and KDR applications. Didn’t the expired confidentiality agreement between KDR and RIO also mention an amount of Gold. So we know they are interested in both of Conroy’s Finnish ventures. People forget that back when gold was $500, cgnr Finnish gold licenses were independently valued at £1m.... that was probably 16+ yrs ago. Wonder what they are valued at now. I have read Finnish geologist comment that CGNR has been sitting on what is believed to be the best ground in Finland. Didn’t Conroy say he would give the Turkish company first refusal on cgnrs Finland’s licenses......If cgnr shareholders look a little closer at KDR also they eight see the bigger Finnish picture. Andrew Neal has noticed Geopool, I suspect he must have figured out what is afoot at KDR also. Didn’t Rio Tinto just bring in a Scandinavian to oversee things and didn’t Rio just bring in an Irish lady to oversee diamonds. You can be sure she knows KDR!
stevea171: 3 Gold Stocks to Watch in 2021 Stockopedia. Yesterday 6:37 pm by Elias Jones There are many gold related stocks or funds which are appealing, however I have picked 3 which I believe will result from their current share price in a good capital gain being made during 2021. Conroy Gold and Natural Resources Ticker (LON: CGNR) Shares: 32m Share Price: 42p Market Cap: £13.5m Conroy Gold is a wild card that for me could well be the surprise package of 2021. Once the JV agreement with Anglo Asian Mining is completed this will immediately kick off a high impact work programme, Anglo Asian Mining have exercised their warrants and are now on the share register following the HoT. The Joint Venture’s goal is the development of a gold mine and further exploration and development of a series of gold targets along the 40 mile district scale gold trend that Conroy Gold has discovered in the Longford-Down Massif in Ireland, the work programme is fully funded by Anglo to earn their share. Conroy indicate potential signs of similarities to Fosterville, if results of the exploration support this further then this could be a special situation. Conroy have a JORC estimated resource of 320,000 Oz Au Indicated, 197,000 Oz Au Inferred (517,000 Oz Au) at an overall grade of 2 g/t Au which has been established on a fraction of one of the gold target areas, Clontibret. The JV includes Clontibret and Glenish in County Monaghan, Clay Lake in County Armagh and Slieve Glah in County Cavan. There’ll be an initial 18 month exploration phase during which infill and resource drilling will be undertaken under a tight schedule, the potential here is substantial with upwards of 8m oz of gold being banded. You only have to look at Greatland Gold (LON:GGP) who sit on a market cap of £1.5billion to see what could happen in this space. Conroy Gold with its very experienced and credible partner could well be a surprise package this year with a high impact programme and a low share issue, hence why this is a potential special situation in my opinion. Disclosure: The Author holds shares in Anglo Asian Mining (LON:AAZ) Conroy Gold And Natural Resources (LON:CGNR) Empire Metals (LON:EEE)
rogerramjett: Not a problem if they use finance or share holder equity at a much higher price. £50m between AAZ and CGNR would leave just under £25m for CGNR to raise, based on your assumption. If they get to that stage the mine would be viable, AAZ would have done the ground work and the CGNR share price would be many multiples of where it is now. 31m shares in issue is not a problem at £1 or £2 per share (MCap still only £62m at higher SP) Raising £25m only adds 12.5m shares into the pot and the dilutive effect would be negligible because it would be put to good use, not to line pockets. Reading a recent RNS there are finance warrants based upon achieving an share price of £2 so it has been considered by the BoD as a distinct possibility that that will be seen.
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