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Both this and karelian poor company's both at all time lows, avoid both. Garbage, lol
Not many shares left at 6p, bargain hunters entering, with a fair wind this could get back 10p/12p PDQ, gold is up $33oz currently.
The 100k buy took out all of yesterdays overhang.
Yogi1: "I can see it now. Prof: " Marian, hows the form?"
I for one can't see how a serious profession would want the reputational damage of putting their name to a lemon, for what, €10k a year payable in share conversion at the next placement? So at least she must see some potential.
That said, what exactly has Howard Bird done for his €40k since 2020?
DS and MM seem very interested in driving down this stock considering they claim they don't hold anything or lost very little at the beginning. If this is all smoke and mirrors by the prof then why does he and board members hold so many shares and continue to add to their position? Surely they would all sell before this drops to nothing....
"Time for this to get delisted."
oh no moleman......I got high hopes for my last block of 28,888 CGNR!!
GLA
99.81% destruction of investor funds, whilst getting paid to do it. Wily indeed.
Why would anyone choose to reward someone for perpetuating such a scheme? Time for this to get delisted.
Started: shatter, 2 Jul 2024 00:34
Last post: Stevehoops, 2 Jul 2024 09:50
If Mr Jones releases another discount like KDR of 38% here then CGNR will on par with KDR SP
Bargain Basement or BIN 🚮 ☠️🐌
KDR funded now CGNR NEXT ?
According to fairview there as a pot of gold at the end of every rainbow.. no point in arguing when the other person doesn’t listen and has huge blinkers on.
On a serious note this is going nowhere but the bod are still going to need their healthly renumeration and benefits. This will spike every now and again but that’s pure guesswork..amazing how long this company has been going but going nowhere…fairview - no need to reply.
Started: steven49, 1 Jul 2024 08:43
Last post: Goldbug99, 1 Jul 2024 14:15
6p ffs!
I must say, there is no obligation for shareholders to owe loyalty to any board. They work for shareholders, not vice versa.
That the only exit strategy offered here is for some major to come to the rescue, to either buy, or provide funds and expertise to advance the projects, by definition implies that the current management are not capable of doing so. In fact, they are not even capable of communicating clearly.
Sorry to say, but what value are they adding here? A JV partner will get into this because they like the project (or not). Not because they are overwhelmed by management's astuteness and performance. The outcome would still be the same with hired monkeys at the helm.
KDR just raised money, price down 30%. CGNR will be next. CGNR also owns shares in KDR following the ridiculous conversion of debt to shares, so bad news for CGNR on that front too.
I think the minimum annual cost of maintaining the AIM listing is £220k, so honestly if CGNR mgt are not working flat out on something I don't know how the company will continue to the end of the year.
STEVEN 69 IS NO KDR HOLDER
Not a genuine post from steven49. A kdr shareholder who wants to have a dig here. People can never mind their own business.
We've had a former VP of exploration at Barrick join our board. Why is that I wonder?
Started: Stevehoops, 28 Jun 2024 08:00
Last post: DeathStranding, 1 Jul 2024 09:56
Share price certainly doesn't reflect any "behind the scenes" talks. Just the usual speculative BS.
Yes share price is terrible. Jonathan Swann can't be happy but no shareholder is.
Behind the scenes talks are happening. That's why a former senior exec from Barrick was brought in. When a JV proposal lands there will be a rerate. If it's a major it will be a major rerate. The same people that have been selling will be buying back at much higher price.
The Prof seems rather chirpy in this interview concerning Karelian earlier this week, anyone recall the time when he stated he was furious that CGNR shares were only 20p and he was going to do something about it. Well they are now under 8p !
https://youtu.be/5Y6tRV606V0?feature=shared
The fellow who took £300k of shares in the last placing, introduced by Roast PR, is now down circa 50% on paper, cannot be happy.
If a new JV partner is announced the shares will hit 15p/20p in a flash, if it is a major then 30p/40p cannot be ruled out. The Prof needs to deliver.
You understand JVs do you DS?
Hmm, it’ll never happen, remember ?
"major companies coming to do site visits even before Demir"
COVID got in the way then but not this time.
Probably the most blatant ramping I have seen on any site. But hey, all got to make a living. G.l.
What are you doing here? Giving us cgnr history for 20 years. Going back through my posts. You and the other idiots on here that have no intention of investing need to get out more.
Went back 20 pages on fairviews’ posts before giving up …all CGNR posts.. now that’s dedication.
Started: shatter, 27 Jun 2024 09:06
Last post: fairview, 27 Jun 2024 17:11
"already considerable interest shown at PDAC"
Hugely undervalued at £3m market cap with gold over $2300 an oz.
Market disagrees. The Demir JV valued the project at €25m. The CGNR share price now values it at €4m. Value slashed due to poor results and Demir exit. Let's see what valuation the placing is done at - that'll tell you where investors are at with this.
"share price in no way reflects asset value".
That would be true at multiples of where it is now.
More inaccurate rubbish.
How do you intend to make money from this with your brilliant knowledge or hadn't you thought that far ahead?
Armagh / Keady/ Monaghan and its surrounding area was indeed dotted with numerous small lead mines in the early 1800’s but only has the odd stone quarry now.
This is definitely a slow burner…🌈 there’s gold at the end of that there rainbow.
Started: DeathStranding, 27 Jun 2024 15:53
Last post: DeathStranding, 27 Jun 2024 15:53
Took longer than I thought, and I thought the placing would be at 7.5p but it now looks like it could be done lower than that.
Started: fairview, 26 Jun 2024 22:27
Last post: fairview, 27 Jun 2024 08:58
Only question is when an RNS drops for proposed JV. Then the share price will rerate as way undervalued.
Guess that's it settled then, if the prof says so. Even though you can't name one of these many large mines.
When asked about mine development the prof said it was no problem. Many large mines in the area.
Started: shatter, 27 Jun 2024 08:50
Last post: shatter, 27 Jun 2024 08:50
An extract from the Irish Examiner 15 years ago….Prospectors who believe they have discovered a massive untapped gold mine in Ireland today said tests have confirmed their suspicions.
Share prices in the exploration company jumped after it told the stock exchange about the results of sampling at Clay Lake, near Keady in south Armagh.
Conroy Diamonds and Gold is also making plans to begin mining at another seam just seven kilometres across the border in the hills outside Clontibret, Co Monaghan.
Four samples taken from the bedrock along a 100-metre section of a stream at the south Armagh site all contained gold, the company told the London Stock Exchange.
Professor Richard Conroy, the firm’s chairman and a former Irish senator, believes the mines could be the biggest ever in Ireland or Britain and are worth hundreds of millions of euro.
15 years later and still no mining!
Last post: DeathStranding, 26 Jun 2024 22:19
when you say this "mining district" has "seen plenty of mines" perhaps you could comment on how many mines in total and how many were open pit gold mines using cyanide processing and producing ****nic waste and tailings? this is not a modern mining district.
the decisions later this year around dalradian gold will be very instructive. underground mine, no cyanide, still very uncertain.
The prof has always made a point of working very closely with landowners. I believe around Clontibret they have actually purchased quite a bit of land. The Armagh - Monaghan mining district is an area that has seen plenty of mines. If you think the prof is lying when he says there are parties interested in a JV then don't invest. Simple as that.
I follow a lot of companies without purchasing. I have also bought into some right old dogs including a few small North Sea oil exploration companies that have successfully struck oil but never managed to get the funding to extract it ! This is a tiny 4 million pound company . Perhaps you could enlighten me as to how long it has been operating ? This has been in my watchlist for an eternity but I wish you and all holders every success . Clay lake and the surrounding area is rural but is populated with hundreds of small farms going back generations. The logistics of starting a mine in any form would be a nightmare.
Started: shatter, 25 Jun 2024 15:06
Last post: fairview, 26 Jun 2024 08:05
Why bother to follow a company for 20 years then? Funny how a lot of the haters on here didn't lose any money.
As for raising money you obviously don't understand what a JV is.
Nope never bought into this gravy train…looked at fairview’s posts…all sunshine and good times..wake up and smell the grass. Where is this company going to raise tens or more likely hundreds of millions to start mining…bless
Another one that bought in at the start and had a grudge ever since.
Been watching this company for over 20 years after I met drillers in the Clay lake area. Doesn’t seem to have moved on from there. Plenty of hype about precious metals in the ground but no mining!
Started: DeathStranding, 31 May 2024 21:39
Last post: DeathStranding, 25 Jun 2024 08:18
Demir apparently disagreed. And as you told me time and time again, they had access to all the data and had experts working on it.
"Tremendous opportunity for capital gain"
That's just on the current resource and there's a lot more gold than that.
The path is clear. Restate the resource estimate using all the infill and stepout drilling dome since 2017. Put out an updated PEA. Let investors know the current economic position of the company's primary asset.
DS, nobody is saying gold in the ground is worth the same as gold in the vault. But the fact remains each CGNR shares currently comes with ⅓ gram of gold attached ($25). Put whatever discount you like on it. 99%? That's still 20p a share.
"Already considerable interest shown at PDAC"
That was in March and there were enquiries about whether there could be an additional partner.
Started: fairview, 27 May 2024 16:24
Last post: fairview, 3 Jun 2024 08:35
They discussed a JV partnership with 3 partners at PDAC in March. Those same people will be far more likely to do a deal now that cgnr has 100% control again. Things may be further forward than the market thinks. The valuation here is stupid.
Maybe they can give update on JV discussions soon. Obviously not names but a progress update. He's already said that quite a few are interested but we don't know when serious discussions started.
Another idiot who invests in other shares that are over 99% down but has to keep posting on here. Some real sad cases are obsessed with cgnr.
This palaver has been dragging on since the last century! The share price has crashed a staggering -99%. It's been a multibag -- for shorters.
Yes it will be so sad when the potential JV RNS lands and the idiots will have lost out again.
Started: dwe399, 24 May 2024 18:24
Last post: DeathStranding, 27 May 2024 16:19
So you are just guessing then. I surmise that none of the companies you mention will be interested because they invest in tier 1 projects. This is not tier 1. Good luck guessing though.
Barrick, Agnico, Kinross, the list goes on. Probably know people at all of them with PDAC trips.
You have inside information?
I bet if people knew some of the names cgnr are talking to about a JV this share would move a lot higher.
What is this obsession with AAZ? They walked. Why else would they let another party take over negotiations when they had heads of terms? How about you prove that they didn't walk before you call other reasonable posters "bs" or "haters". Who granted you the high ground?
It doesn't matter. The net result of all the JV business from AAZ heads of terms through to Demir exit, was money spent and nothing found. Value destruction for CGNR shareholders.
Started: DeathStranding, 20 May 2024 07:32
Last post: DeathStranding, 24 May 2024 17:33
Was just making an observation. Your posts make no sense.
Lol for someone who is or has invested here
You life purpose to dismiss who ever looks like a glass half full
Surely you’re paid to contribute here , way else would you spend you’re entire life , crying in your soup
🤣🤣🤔
Nonsense.
Or Rio ? interest in the Finnish line only ?
Howard Bird appeared here after joining KDR 2019 Rio ?
Marian Moroney sent by another Major ,?
Prospecting for DD ?
Has the two Gold districts been partnered by two ?one each
Started: Stevehoops, 20 May 2024 07:32
Last post: Stevehoops, 20 May 2024 07:32
Conroy Gold and Natural Resources plc (AIM: CGNR), the gold exploration and development Company focused on Ireland and Finland, is pleased to announce the appointments of Marian Moroney as a Non-Executive Director and Cathal Jones as Finance Director of the Company, both with immediate effect.
Marian is a recognised and accomplished leader in the exploration and mining industry with over 30 years’ experience in exploration, mining, strategic planning, governance, identifying new business opportunities, joint venture management and oversight, and mergers and acquisitions.
Started: fairview, 17 May 2024 16:24
Last post: fairview, 19 May 2024 22:39
Major companies have done site visits before and the project is further forward. It's all to play for. Gold booming at over $2400 an ounce. When the deal lands they'll all be scrambling to get back in.
There is a single licence which has been in application status for several years. No info to describe its prospectivity and it is not referred to on the Conroy website or annual report.
Interesting you should mention Rupert. They reported 120m at 6 g/t Au the other day. Would be great to hear from directors why they believe Clay Lake to be "world class" by comparison.
I've just wasted an hour on the Tukes/GTK map sites trying to track down these supposed Finnish "assets".
I don't think I've ever seen a company that goes to such lengths to shield its asset ownership and activities from its shareholders. Just about every other exploration company out there has maps of its concessions plastered prominently across its website.
If you don't believe me check out Rupert who have gone from a single soil sample to 4Moz indicated and $850M market cap in 4 years working in the same area.
All I can ascertain, is that in the 20 years since Conroy sold his privately held Finnish licences to the public company, not a single ounce of gold has been discovered on them, if they even still exist?
Geologist from some "major company" stops by PDAC conference booth, listens to the pitch, says "Two gold trends? Very impressive, I'll watch your progress". Walks on to the next booth.
"major companies watching progress and very impressed"
Started: PaulFG, 17 May 2024 09:37
Last post: DeathStranding, 17 May 2024 15:13
Edochan this is the problem they face with the current fundraise - how to convince existing shareholders or a very tiny pool of investors to keep paying the bills and €325k executive salaries to keep the dream alive that there will be a JV deal to replace Demir. If the board actually believe they have a "world class" asset presumably they will have no problem putting their hands in their pockets. Otherwise this is only getting done for a small working capital amount at a deep discount.
Totally missing the point robemy. Again.
The question I have is as follows: Why would someone take a placement offer if there is no update on a firm new partner coming on board?
Oh dear, we’re back to that again. CGNR own the land so why would they object to their own proposals? Nearby landowners are fully supportive ,some also invested.
A good gold mine will cover a large area. Look at aerials of AAZ mine and overlay those anywhere in Clontibret. The reality is they won’t get permission for that amount of environmental impact, certainly not without a huge fight and Demir saw the grades and concluded it was not worth it, as will any major.
Started: DeathStranding, 15 May 2024 00:39
Last post: fairview, 16 May 2024 17:40
The prof was asked earlier in the year what would happen if Demir didn't proceed and he said there were a lot of other interested parties. Roll on new partnership.
All of those will bring the grade down and the 0.8 g one won't factor at all (below cut off). Probably why they haven't updated the resource.
At Clay Lake, to be fair even going from a 0.1 probability to a 0.2 probability is doubling the chances.
We had some good stockwork intercepts at Clontibret that aren't factored into the JORC too. 33.2m at 0.8 g/t gold including 8.0m at 1.2 g/t gold. 94.5m grading 1.0 g/t Au (including 45m grading 1.5 g/t Au). There's significantly more gold in lodes and stockwork than the last JORC suggests.
TBF there's much more gold in the Irish sea, and it's probably more economic to extract.
IMHO. DYOR
"The possibility of a world class gold deposit at Clay Lake is, in the Board’s view, becoming increasingly likely."
Started: Edochan, 15 May 2024 14:33
Last post: Edochan, 15 May 2024 14:33
I too want to applaud DS for his initial capital in this project. He paved the way for the rest of us to benefit with such a selfless gesture...I'd be happy to set up a Go Fund me page once I've made a substantial return. Keep up the good work 👏
Started: PaulFG, 12 May 2024 12:43
Last post: fairview, 14 May 2024 17:53
The prof himself admits that the JV wasn't doing what they wanted. They wanted to get going on bringing in a mine at Clontibret. They need to sign a JV with a clear work program towards mine development. I'm sure nobody invested here wants years more exploration. Exploration should only happen alongside mine development not instead of.
Dunno but, DS statement is accurate. 30p to 10p. Not better off.
It's time to make this a business and not a treasure hunt.
Hands up anyone who thinks DS is a genuine and honest poster with no axe to grind with the Prof due to foolishly losing his fortune investing at the wrong time? Any hands up?
"considerable interest shown at PDAC"
They didn't even have 100% then and people were interested in the possibility of a JV with 3 partners.
CGNR should produce a cashflow showing how those grades can be profitable in Ireland. I doubt any major is excited by them.
Started: Stevehoops, 12 May 2024 12:34
Last post: Banzai, 12 May 2024 15:21
More talk about dirt and drills. When does it become a business?
Meanwhile the share price goes deeper than the drill.
RIDICULUS Conroy, RIDICULUS!!
CGNR even own the land Clontibret is on
Not just the exploration license
Last post: DeathStranding, 10 May 2024 21:40
Your BS is clear for all to see now.
Some people that don't have any shares so worried about things here. Demir clearing off is the best news for ages. Clear path now to value recognition.
No way to know that as we don't know where any of the holes are. Would be easy to demonstrate potential if they actually published maps and sections of the results. Why don't they share these. A picture says a thousand words etc.
You're just saying these things, just like the chairman and roast dinner folks, without actually giving any support.
Demir walked. There is nothing huge here except the Conroy family's combined pay packet.
Exactly. There's way more than 500koz at Clontibret. There's years of drilling to be added and areas that haven't been drilled at all. If Demir had any credibility as a gold miner they would have been testing at depth too.
Clay Lake is huge. Wide intersections over huge area.
They're just scraping the surface.....500k ounce's,is just a small percentage of the licensing areas.
Started: Catbert, 7 May 2024 18:35
Last post: mole_man99, 10 May 2024 10:45
Posters write here as if this has been going on for a year or two. Try 20.
Lining up the next 20 years of hope so the kids have an inheritance.
There is always the next believer with money willing to ignore the past that will keep this going. It will spin on, with retail investors as the losers.
Meanwhile, current retail investors take months or years to finally realise they bought a dud. FOMO or some other emotion I guess.
I think the prof holds a good hand. He's not rushing into anything. They are talking to people. An RNS lands saying potential JV or offer and it takes off.
LOL he seems far too smug to be finnished on 4 fronts now ,gold ,zinc, lead ,copper ,Ireland ,northern Ireland and Finland .......
then his other company
Possible emerging diamond province Kuhmo ,lahtojoki full mining permit coming this month add Northern Ireland
Nickle Copper platinum possible
Now looking like further success in Jipplia and Liprie copper and Diamonds
salla also
no wonder he is smug and all 100% owned prof and Maureen with all other board members non executive
if anyone things northern Ireland is too early they simply already know what they have imho ..
Honestly, I listened to the latest today and I just don't believe he's got any serious interest here and if there is any interest it's very early stage - I have been reducing my stake in the stock since the start of this year and seriously considering exiting the balance of my holding.
Well by the sounds of things you have a long time to wait. He's talking months. There is no deal lined up. Last time it took 18 months to close a JV deal. Next time will take even longer and if any deal at all it will be a far inferior deal to Demir.
Incredible that he is so happy and comfortable. He has presided over epic value destruction and doesn't seem to care. Presumably it's the €325k he and the missus earn each year working part time for CGNR that make it nice and comfortable for the Conroy clan.