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.
AIM-listed gold explorer Conroy Gold and Natural Resources (CGNR) produced its results to May 2015 this morning, and separately announced a capital reorganisation. It makes grim reading.
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Comments
Andrea Gonella
The professor has been a master at getting placings away for a long time.
This ability relies on no lies but spin – full of vocab such as:
exciting
potential
conceptual 15 – 20 million oz resource
I am delighted…….
new studies indicate
trenching results
grab samples
Looks like he can get away with it no longer.
Thank God I sold a long time ago.
The ratio betw total spend or, indeed, any other break down of spending v salaries, pensions, fees etc. clearly shows contempt for shareholders.
As for delivery, the first time I am aware of that he envisioned a mine in 3 – 5 yrs, was in 2000……..and countless times since.
Sad way to end a career.
wildrides
The clue is in the name ………… poor old Roy.