Conroy Gold – FY results…..balance sheet a shambles, the end is surely nigh: SELL

AIM-listed Conroy Gold and Natural Resources (CGNR) offered up its FY results to May y31 esterday morning. There was plenty of blarney, of course, but the bottom line is that the balance sheet is in a mess – it needs yet another mega-placing PDQ to keep the lights on, and I don’t think it will get it away. Oh, and  NED, Dr Karl Keegan, is stepping down after just 15 months in the job. In short, the end appears to be nigh.

Conroy Gold – “New Gold Outcrop Discovery”: more about getting the next placing away than shareholder value?

AIM-listed Conroy Gold and Natural Resources (CGNR) has announced a new gold outcrop discovery in Ireland, between its Clontibret gold deposit and the Corcaskea gold target. So will this discovery transform the company’s prospects, or – bearing in mind that it has to report year-end results to May of this year by the end of next month – does this news mark the beginning of a pre-placing ramp?

Conroy Gold – Share Talk - sordid ramping at the bottom end of AIM

Share Talk is a website that takes money from, usually, crap companies. It does not appear discerning. If you are a PLC with a cheque book come on down! It does not disclose its business model and it then provides what it terms “the Independent voice across social media” or what you and I would term sordid share ramping. Shares in Conroy Gold (CGNR) are up 30% today to 13p to sell thanks to such ramping. But before you get too carried away….

Conroy Gold and Natural Resources – £0.5m placing at 13.75p; nowhere near enough

AIM-listed Conroy Gold and Natural Resources (CGNR) has announced a placing at 13.75p to raise £0.5 million, boasting a 20 per cent premium to the market price. Well that’s fine and dandy – so why has the market not piled in behind the placees? The shares are up just one penny, leaving the stock at 12p to sell.

Professor Richard Conroy you are talking buinneach

Perhaps my Gaelic is not quite up to scratch and I am willing to stand corrected by the founder and chairman of Conroy Gold & Natural Resources (CGNR) but I am trying to say in the language of "the old country" that he is talking bollocks in today's news release.

Conroy Gold and Natural Resources - Interims : oh dear, oh dear, oh dear

AIM-listed Conroy Gold and Natural Resources (CGNR) published its interim accounts to 30 November 2017 this morning. Ignoring the jam tomorrow (we’ve seen that all before) it is clear that the company was up to its eyes in debt, not that chairman Prof Richard Conroy was bothered by that as he introduced his chairman’s statement with “I have great pleasure in presenting your Company’s Half-Yearly results”. He’s pleased – but I doubt any shareholder with half a brain cell will be.

Conroy Gold & Natural Resources: ShareProphets Translation service on today’s “business update”

Delisted from the junior Irish market but still trading on AIM, Conroy Gold and Natural Resources (CGNR) has put out a business update. The ShareProphets RNS Translation Service, having already had a field day on Telit this morning, is on a roll (original in bold)….

Where now for Conroy dogs Karelian and Conroy Gold?

I’ve been wondering what comes next for Prof Richard Conroy’s AIM vehicles Karelian (KDR) and Conroy Gold and Natural Resources (CGNR). From my review of their financial results to May of this year (see HERE and HERE) it is clear that they are both in deep trouble – they are running out of money fast and the results to last May show that quite clearly. Lord knows how bad it is now.

Conroy and Karelian lifestyle companies produce results in a sea of Red Flags. 2: Conroy

Yesterday I described the FY17 results of Karelian Diamond (KDR) and a series of Red Flags to be found. Today we look at its stable-mate, AIM-listed Conroy Gold and Natural Resources (CGNR) and find a similar story. It is a car-crash festooned with more Red Flags.

Breaking: Central Bank of Ireland calling in witnesses in Conroy Gold Enquiry this week as ESM quote surrendered

It is bad enough that Conroy Gold & Natural Resources (CGNR) faces a potentially massive stock overhang as it tries to arrange a placing to pay the bills but it is now facing an upping of the regulatory ante. Perhaps that is why Conroy has today announced it is surrendering its joint quote on the ESM and being listed on AIM. Or maybe that is just to save cash?

Conroy Gold : Just how little cash is left: potential 28% stock overhang and its placing ahoy (again)

I forgot to ask one big question at the Conroy Gold & Natural Resources (CGNR) GM on Friday - when is the next placing? But before we come to that - and the answer must be soon - there is a little matter of possibly the biggest stock overhang on AIM. The TR1's are flying thick and fast.

Timber!!!! Now Patrick O'Sullivan is dumping Conroy (#CGNR) shares - only 25% of the company to go!

Conroy Gold (#CGNR) Gonella share sale confirmed but he still has 490k ( 5 days volume) to dump

Photo Article - Conroy GM

 Just to give you a flavour of yesterday's farce of a GM at Conroy Gold & Natural Resources (CGNR). The serious implications are outlined HERE. Below you see the board, then the audience packed with Conroy stooges, average age 126. Finally a picture of one old coot who on the second vote of five appeared to switch sides to join the rebels. Was it the power of my quizzing of Prof Conroy that had turned him? Er...no. A couple of minutes later he raised his hand to say that he had voted the wrong way and could his mistake be reversed. It was not a room in which to crack jokes about Alzheimer's although such bad taste would soon have been forgotten by most of those attending.

Conroy Gold and Nat Res: look at the timeline over Warrant Exercise and Placing

I have a question for Professor Conroy, of AIM-listed Conroy Gold and Natural Resources infamy. Tom Winnifrith tells us that the paperwork for the warrants exercised by him and by his sidekick (which were announced on Wednesday last week) was filed last Sunday. We also learnt yesterday that the cash went straight back out of the kitty to repay Conroy/Jones by settling director loans - apparently ahead of term. 

The two big takeaways from the Conroy GM which make its shares a slam dunk sell to halve from 25p

The Conroy Gold & Natural Resources (CGNR) GM voted c 5 million to 4.1 million to back the current lifestyle funded, rule breaking board led by 84 year old Professor Moriaty and not the rebels From attending the meeting there are two takeaways which tell me the shares will collapse next week and proof of just how grossly misleading an RNS from Wednesday was.

Professor Richard Conroy & Conroy Gold now under Central Bank of Ireland Investigation - source

The Central Bank of Ireland handles the sort of regulatory functions that in the UK the FCA makes such a bollocks of undertaking. A source very close to the situation has revealed that Professor Richard Conroy and Conroy Gold & Natural Resources (CGNR) are now under a preliminary investigation after the events of the past week.

BREAKING: Conroy Gold & the evil Prof try to rig GM by illegally adding shares to voting list

At 2 PM yesterday, Capita Registrars signed off on a shareholder list at that point as being those who could vote at Friday's GM called to oust fat cat bosses Professor Richard Conroy and his henchwoman Maureen Jones from Conroy Gold & Natural Resources (CGNR). Shortly before 2 PM the Professor called Capita and added 500,000 shares to the register - probably enough to swing the vote. What he has done is wholly illegitimate and must be reversed at once if Capita, Nomad Allenby and AIM Regulation give a damn about their own rules and common justice.

Professor Conroy exercises massively out of the money warrants to keep his gravy train going

On Friday shareholders in Conroy Gold & Natural Resources (CGNR) will vote on whether to oust chairman Professor Richard Conroy and his sidekick Maureen Jones The dastardly duo are doing everything they can to cling on as the vote will be tight.

Conroy Gold & Natural Resources (#CGNR) – ahead of EGM showdown raises £0.185m at c.26.4p