Share Name Share Symbol Market Type Share ISIN Share Description
Conroy Gold & Natural Resources Plc LSE:CGNR London Ordinary Share IE00BZ4BTZ13 ORD EUR0.001
  Price Change % Change Share Price Shares Traded Last Trade
  0.475 6.91% 7.35 136,626 16:22:11
Bid Price Offer Price High Price Low Price Open Price
7.20 7.50 7.35 6.875 6.875
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining -0.66 -4.27 2
Last Trade Time Trade Type Trade Size Trade Price Currency
16:22:22 O 25,000 7.30 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 6.88p.
Conroy Gold & Natural Resources Plc has a 4 week average price of 5.10p and a 12 week average price of 4.30p.
The 1 year high share price is 10.50p while the 1 year low share price is currently 4p.
There are currently 23,693,039 shares in issue and the average daily traded volume is 122,946 shares. The market capitalisation of Conroy Gold & Natural Resources Plc is £1,741,438.37.
thecynical1: What is spacedust smoking? He seems to Think the share price has been "manipulated down"? Hey need for anyone to manipulate the share price here.......the "particularly talented" ( my opinion!!!!! LoL ) individuals, who take disproportionate fees every year, are quite capable of driving the share price down all on their own! ( again, my opinion! ) 😎😎
hooops: Could the Cgnr SHARE RISE have any baring on KDR?
the_debt_collector: Goggin You refer to how few shares are in issue, actually 23,693,039, out of those only a tiny fraction would be in free float - my interest here is how any short covering could occur, I deduce with great difficulty. Conroy has sewn this aspect up, perhaps he is aware of the shenanigans that go on on the AIM, the recent cash raise was provided by a major shareholder via a convertible note. I have witnessed bear squeezes in such stocks offering 1000%+ upside, retail punters only look at the share price graph and most have no understanding of prospective technical upside, most miss the massive rises therefore.
the_debt_collector: It is worth noting low liquidity stocks with a small free float (only 24m shares issued) are regularly targeted by short players. If one researches it is possible to see how small the sell side trades are by way of monetary value since the share price fall from 20p in June last year. It looks like a professional short play. Prospective investors may now decide to open long positions - the route to close short positions is usually via an equity raise but it seems Conroy has other means of finance, see here... HTTPS:// Significant cash can be made should there be a traditional short squeeze !!
space_dust: Just listened to the interview have to say old Conroy seems overjoyed about something, interesting he also mentioned how one of his former companies share price was bashed down to pennies and then rose to £7. It has never been reported that prospective JV partners have visited the project recently. Sub £1m m/cap, must be worth a punt, this was 40p+ 18 months ago, if they announce a JV partner this will rocket.
space_dust: Saw this on LSE HawaiifiveO RE: GlenalmondToday 09:09 I would imagine there is some possibility of another shareholder revolt here at some point, they are having another go at trying to remove the Prof and his chums at KDR, another EGM coming soon. I noticed that Paul Johnson still holds 1.2m shares, looks like they were bought around 25p each - a cool £300k investment now worth £50k - he is not shy of action. The share price would rocket if the existing BOD were removed, that is clear, recent attempts to puff the share price have failed, note the 2 recent non news events. The market has had enough of the antics going on here, only a serious JV or some other major corporate action will suffice now. Current m/cap is under £1m - everyone has lost money no matter what buy in price, something has to give and soon. Historic's show how quickly this can move up with a tiny bit of buy volume, something I suspect some of the larger holders are aware of - just a whiff of commentary about another requisition may be all it takes !
wetdreamer: Pump and dumpers out in force on Twitter. No quote to sell!! Be careful Does anybody actually read the annuals? It is fairly blatant! Total salaries and wages for 2018. CGNR: € 632,236 KDR: € 304,826 Of which: Conroy: €207,626 (CGNR) and €85,000 (KDR) on salary and expenses. Jones: €151,930 (CGNR)and €75,000 (KDR) on salary, expenses and pension. Half a million and a large percentage of the total funds raised during the year. Looking over the history, I note that in the RNS of December 12th 2007 the company states a Clontibret resource of 660,000 oz. Of this, 200,000 oz are in the indicated category, the balance indicated. The cut-off is stated at 1g/t. TEN YEARS LATER, in the RNS of 28th July 2017, they update the Clontibret resource to 500,000 oz of which 320,000 oz are now indicated, again all at 1g/t. This is hardly progress. For all the intervening announcements about metallurgical tests, scoping and feasibility studies, planning applications, "starter pits" and "bringing in a mine" all that has really happened is that the management and staff (at an average annual salary approaching six figures each) have milked the company of probably in excess of up to £5 million in salaries and expenses over ten years (per 2018 annual report: wages and salaries of €632,236 in 2018 & €463,655 in 2017; only Conroy, Jones, McNulty & Murrells are listed as management), while simply converting 120,000 oz from indicated to inferred in a paper exercise, and at the same time reducing the overall resource. So the cost of this works out at over £40 (or $50+) an ounce, or probably more than the resource is worth "in the ground". The resource has not been updated since, but the company feels it has bigger fish to fry, with speculative anouncements that it is "targeting a 10M oz gold discovery" (2018 AGM presentation based on little else than straight-line extrapolation (slide 12 - estimates of potential ounces) which it admits are "conceptual and MUST NOT be construed as a resource". In reality nothing much has moved since 2007. (Apart from the share price!!! I am told while the board have earned millions, some shareholders have lost 99.9% of their investment).
glenalmond: Https:// Replying to @TabernerGillian @ConroyGoldplc Some #CGNR holders are down much more than 90%, Gillian. I read on one of share websites today that CGNR's highest share price was £11.11p and is now around .044p inc the 200 to 1 share consolidation. Not sure about the high but the .044p today is right. 12:38 pm - 28 Feb 2019
wetdreamer: Conroy Gold and Natural Resources – Interim drivel and a balance sheet from hell: SELL By Nigel Somerville, the Deputy Sheriff of AIM | Thursday 28 February 2019 If you like this, please share this article using the buttons below Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article. With its sister company, Karelian Diamonds (KDR) having published interims a couple of weeks back showing balance sheet in all sorts of trouble, this morning Conroy Gold and Natural Resources (CGNR) took its turn – where we find the same problem, and some class comedy from the good it’s the way I tell ‘em Professor. To the comedy first. We are told, with reference to the gold price: The price of gold is a dominant feature in any business review or sensitivity analysis of a gold mining development. During the period as the Company continued with its exploration and development activities, it is very pleasing to note a significant rise in the gold price from less than $1,200 an ounce in October 2018 to over $1,300 an ounce at the date of writing. It is also relevant that all the world’s Central Banks have been increasing their holdings of gold during the past year. Given that this company has been exploring since the black-and-white era and hasn’t produced an ounce of the yellow stuff in all that time and seems to have no near-term plans for any production, this is just pure fantasy. What difference does it make that central banks are stockpiling the stuff? What difference does it make that gold is up by around $100 dollars an ounce over the past five months or so if you are (as ever) a million miles from production? This is just plain drivel – and it is presented as the first item of chairman Professor Conroy’s statement, after his introduction. If there was any sign of production it would be different. But there isn’t. Professor Conroy is deliriously happy, expressing great pleasure in presenting these interims (just as he did with Karelian a couple of weeks back), mentioning a placing to raise £0.5 million. Of course, the placing was at 13.75p and the share price is now just 8.875p (mid, last seen). Still, I suppose if you are running an AIM lifestyle company, a £0.5 million placing is good news but I rather doubt the placees will see it with the same great pleasure. But far worse is to come when we look at the balance sheet. There we find – even after raising half a Bernie, that cash sat at just EUR 54,000 (yet we are told of more drilling to come – how y’a gonna pay for it, professor?) and although current assets sat at a very modest EUR 153,437 (less than the first half loss), current liabilities weighed in at a whopping EUR 3.322 MILLION. So net current assets work out at about MINUS EUR 3.17 million – call that minus £2.7 million - which is way more than the company’s market capitalisation of a paltry £2.1 million. But the good professor has great pleasure in presenting these numbers to his loyal shareholders. How does he propose to raise £2.7 million to clear up the balance sheet – especially with a market cap of just £2.1 million? Surely even the lowest of the low in the bucket shop wouldn’t entertain the idea. And if we look at the cashflow statement, whilst the official loss is reported at just EUR 286,000, that is only because the drilling costs appear to have been capitalised. The cashflow statement tells us of cashburn (before that half million placing) of almost EUR 0.75 million. So even raising £2.7 million won’t straighten out the finances as we are now three months of cashburn on from period end. I reckon at this rate the full year balance sheet could be showing almost minus EUR 4 million of net current assets. Add in the delay to the reporting date and the auditor’s desire to see a year’s working capital to give it the Going Concern all clear and we are surely looking at a need for EUR 5 million in cold, hard cash. Well, good luck to him and to his shareholders: its all fine and dandy because the price of gold (which they haven’t got for sale) went up a bit in the past 5 months and central banks are busy buying someone else’s gold. That’ll pay the bills, won’t it? SELL.
kevjones2: For the sake of this post any mention of historic sps have been adopted to post-consolidation measures. kaos, those comments about Goldeneye's attitudes to the share price were examples of the type of things he has said but I'm not going to go through all his ramping posts. That said, I will be literal in future. Furthermore, I may have been too aggressive in my post (any defence of the man at the helm of two of the worst performing shares on AIM causes anger) and I apologise for said aggression. Nevertheless, Goldeneye has spent literally years alluding to an imminent JV - literally scores upon scores of posts about this imaginary JV being only weeks away (don't ask me for examples, just click on any page of his posts prior to when he started concentrating far more on KDR - about page 9 or 10 of his posts). Goldeneye has been patronising to anyone who quite rightly called out Conroy for his shocking mismanagement which has managed to reduce both CGNR and KDR's sps to mere tiny fractions of what they were. He ahs also implied on countless occasions that those dissing CGNR have another agenda (the rampers classic claim). Goldeneye has continuously ramped this share and encouraged others to buy. Below is an example (when the share price was 134p) of the imaginary JV and the ramping to buy. There are scores of the same in his posts: Goldeneye5 - 03 Jan 2014 - 23:44:18 - 3968 of 7762 Conroy Gold & Natural "I would not be surprised to see a jv with one of the top gold majors in the world, thus giving them an entry into and foothold in irelands gold. If I'm wrong I will eat my hat. This is a screaming buy now, (134p) and not because of that BBC news report, but because of a possibly imminent funding arrangement/jv with a gold major.... IMO, DYOR, etc, Significant re-rate for cgnr and KDR will continue north next week. Good luck" Both have continued to plummet. Goldeneye has frequently contradicted himself. He said in the past that he is against inter-company loans but now is trumpeting that very action as being potentially great for CGNR apropos KDR. He was previously impressed with Paul Johnson: "Jammytass, their Irish investment in conroy gold and PJs personal investment in Conroys other vehicle Karelian could pay massively. I could see a Rio Tinto joint venture for both of his companies, certainly for KDR. Don't rule it out for conroy gold also. I would say that Metal Tiger and PJ has made a great call there. I think Q4 could bare fruit here. All IMO, DYOR etc" As soon as PJ's bod suggestions reflected negatively on Goldeneye's idol - Conroy - we get this: "... I just think PJ would be a mistake on the board....That said maybe this will be a wake up call for them, as shareholder communication/ progress has been abysmal with cgnr for some time now." The mixed messages are enveloped in articulate double-speak. Goldeneye was suggesting over three years ago that the time might be right for Conroy to go: Goldeneye5 - 24 Jan 2014 - 19:42:36 - 4416 of 7762 "I do agree that giving up control for the prof is probably part of the problem...but he is not stupid, he will be focusing on cutting a good deal for the company I am sure." 20 months ago: Goldeneye5 - 17 Nov 2015 - 15:45:59 - 6967 of 7762 "It would have been too dilutive for all shareholders, and off course the prof himself. But I can see why he didn't go in that direction in fairness to him. Prof will tie up with a major, that is the way this will go. Prof will then take a back seat. Hopefully soon!" Soon indeed. However, now Goldeneye is again saying he has the utmost confidence in a bod that has quite literally decimated the share price of CGNR. He speaks about loyalty. What a gip! I'm loyal to family and friends and my football club. This is business and a miserably failed business. If I'm down 80% 'loyal' fans of Conroy like Goldeneye must be down well over 99%. That's not loyalty, it's stupidity. Finally, Goldeneye just said this: "I don't see any market excitement about the request for board changes." How he can dismiss a 50% share price rise in a share that was heading for absolute oblivion beggars belief. The irony is that while I've returned to being somewhat positive about CGNR because of the excellent 50% share price rise caused by the market's excitement at the POSSIBILITY of CGNR achieving what Goldeneye himself was calling for over 3 years ago, Goldeneye himself is now saying those very changes are BAD for the company. Why? Because he doesn't want the boat rocked at KDR where there is a remote possibility of getting the share price up from its 'pathetic lows'. CGNR has been rejected by several companies who all sold out, the share price is about 1,000th of what it was, some bod people agree with the changes proposed by other major investors, the company is utterly disrespected and...funny how easy it is to forget this...not a single ounce of gold has been commercialised in over a decade. The fact changes are needed is mindnumbingly obvious. In summation, I don't like double-talk and posters changing like the wind to suit their own situation at any given time. It's insincere and unhelpful when literally one or two PIs are going against every other party, simply to suit their own aims. Those one or two are the people with agendas - the people who cannot be trusted. I leave you with this: Goldeneye5 - 07 Mar 2017 - 14:21:47 - 7601 of 7762 Conroy Gold & Natural Resources 2011 (CGNR) - CGNR "CGNR's share price performance is pathetic and I have no doubt is a real embarrassment to the company. Can't remember the last time the share price did anything positive" The share price is finally doing something positive since 8th June. 50% rise since even the possibility of changes were mooted.
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