Market's view on Conroy Gld&nres
Published on April 2024
- Concerns are raised about the authenticity and reliability of the company’s stock targets, suggesting that previous targets were never met and attributing the poor stock performance to the company’s inadequate disclosures.
- A potential price target of 18p by the end of the month has been set by a chart analyst.
- Some watchers favor investing in the company at its current low share price, highlighting its potential for rapid gains based on speculative trading or significant news.
- Speculation exists about market manipulators (pumpers and dumpers) influencing the company’s stock.
- Positive investment perspectives are discussed, with Demir’s investment in the company being seen as a search for substantial returns. The company’s operational mine is projected to initially produce about 35,000 ounces per year, with potential for significant expansion based on drilling outcomes.
- Expectations are voiced for the stock price to rise above 20p, fueled by potential new joint venture partnerships and strategic attendance by the company’s leadership at industry events.
- Observations are made that despite the rising gold prices, the company’s stock price has not correspondingly increased, suggesting an impending market correction.
- Speculations about new joint venture deals being imminent, which could potentially drive the stock price up sharply.
- It is noted that the current stock price is undervalued, presenting a significant buying opportunity with predictions of rapid price increase to previous high levels.
- Trading dynamics are mentioned, highlighting the stock’s liquidity issues but also its potential for quick price changes due to its low market cap and high volatility.
- Discussions include the broader market’s lack of awareness about gold’s value compared to newer investment trends like tech and crypto, suggesting a possible future shift in investment patterns back towards gold.
- The company’s stock is noted as significantly undervalued compared to the previous year, with its market cap substantially lower than expected given the current gold prices.