Does anyone know anything about Conroy Diamond?

Dude240502 wrote: »

Does anyone know anything about this share? I read that apparently there are results to be released soon, I have also notced preditions on the iii site that it'd multiply if the results are positive. Do you believe a lot of the posts on this site? I think it is also traded here, if the results are positive do you think it has potential?

I own a few shares in the company. From reading the website and current jorc it would seem that the company is undervalued on current reserves...

On 15 Jan 10, Edison Investment issued their Gold Report. In this report they analysed 41 London-centric companies in order to derive a weighted average differentiated value for ‘measured’, ‘indicated’ and ‘inferred’ resources in the London market.

They gave a value (based on a gold price of $1136/Oz mid) $403.53/oz Measured, $85.94/Oz Indicated, $3.78/Oz Inferred .

HOWEVER, the gold price is currently $1375/Oz, a 21% increase from Edisons mid value gold price on 15 Jan 10 of $1136.

Threrefore, I'll use updated values (with 21% added):




CDG Shares in Issue: 230,464,487

Discovery Value - Extraction Costs for Indicated Gold / Oz:

$103.98/Oz - $15.16/Oz = $88.82/Oz

440,000 Oz * $88.82 = $39,080,800 = £25,138,813

£25,138,813 / 230,464,487 Shares = 10.9p


Remember, this is only for 20% of the Indicated in the Clontibret Project.

Dude240502 wrote: »

I read posts that suggest the share'd double immediately if the results are positive, does anyone else think this is so?

It will depend on how the news is taken up by the markets.
OTC recently announced an increase in their JORC (albeit a reduction in the measured catagory) but the SP tumbled 50%

What are you expecting / want ?
Most of these companies true value won't be shown for atleast 1-2 years.
If you want to make a quick buck here it will be hard unless you time it right.

Dude240502 wrote: »

I'm sorry, according to the iii site in October this share increased three hundred and fifty percent in less than a week, does this not often happen in the AIM?

Take a look at Condor Resources Chart (CNR)