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Conroy has Irish Gold for $11 US an Ounce in the GroundBob Moriarty For those who pay attention to the DSI or the RSI on charts, the DSI for September 2, 2025 is 88 for gold and 87 for silver. Those are not marks of a major top but they suggest a correction has an excellent chance of taking place soon. I view the stock and bond market as wobbly as it has been in my lifetime. I see bad things coming down the pike so at least thinking of what you will do in a major correction would probably be a good idea. I’m going to do something I have never done before in 24 years of writing about resource stocks. I am going to write about a gold stock located in Ireland but only listed on the AIM exchange in the UK. That is not to say there aren’t good stocks on the AIM but my audience almost cannot purchase AIM shares so what good is it for you to know about a stock that you cannot purchase, no matter what the merits. The stock is Conroy Gold and Natural Resources Plc (CGNR-AIM). They conduct business with the Euro since Ireland is part of the European Union but the shares are traded in London in British Pence. They look forward to obtaining an OTCQB listing down the road. It will be hard to buy the shares through most US or Canadian brokers but due to circumstances, it is possible for punters to obtain shares directly in a private placement different than any we are used to. There is no limit on investors in terms of being an accredited investor and there is no hold period. The shares are free trading when the PP is complete. You may ask yourself why buy the shares directly from the company if you can go buy them at the same price through the AIM and the answer is simple. If you want to make a large purchase through AIM you are going to affect the price. If you go directly to the company you can buy as many as you want at a fixed price. But why would you want to own shares in Conroy Gold in the first place? Conroy already has a JORC (similar to the 43-101) resource of 517,000 ounces of gold. They have 100% prospecting rights over two district size gold trends in Ireland. They have a 65km strike at the Orlock Bridge trend and an additional 24km length of the Skullmartin trend. Their prospecting rights cover over a 1,000 square km area. Few people know this but Ireland produces more zinc per square km than any country in the world. It is a quiet but major mining country. A target measuring 3km by 2km with high tonnage potential was discovered near Clear Lake within the Orlock Bridge gold trend. Drilling in this area by Conroy shows gold mineralization over 100 meters, the longest continuous intercepts in the British Isles. Conroy made the Clontibret gold discovery after resampling samples from the historic antimony mines located there. They discovered gold up to 35.0 g/t over 2.0 meters and antimony of 14.5% over 1.2 meters. Clontibret is part of the Orlock Bridge gold trend. The mineralization is similar in nature to the orogenic gold found at Fosterville. But everyone wants to find another Fosterville, the highest-grade gold mine in the world. Months ago, Quinton Hennigh put me into touch with the company to see how I could help them. In spite of the gold resource, the company was selling for about $3 million USD. They spent a good period of time telling me all the wonderful things and high potential for the company until I asked them about the 3.3 million Euro debt owed to officers and directors. They got really quiet then. I pointed out that for all practical purposes, those debts were current and effectively any of the directors could have demanded payment and put the company into bankruptcy. The debt was a millstone around their necks. No sane investor would invest cash that would only go to pay off overdue director’s fees. I said they had to solve that problem before anyone would invest. Then I went out and bought shares in the open market. I purchased shares for the easiest reason. The company was absurdly cheap and once they understood they literally had a gun to their own heads, they would either come up with a solution or write off the debts and the company at the same time. They chose to listen and last week made an announcement of importance. The debt holders are writing off 20% of the debt and effectively postponing payment down the road. If the company goes into production, they get paid through an NSR and are also given options at a far higher price than that of the market today. They cut the anchor chain that was holding the company back. The stock market responded in a positive way and gave the company an immediate 50% increase in value. I am impressed with the quality of their technical people and especially with their newly updated corporate presentation. I highly suggest any potential investor pay attention to it. It is excellent. With the explosion higher in the price of gold and silver Conroy, like me, believe the price of their shares is absurdly low. Should they consider doing a small strategic private placement with no hold in the range of 1 to 1.5 million pounds. I would participate in that. Quinton likes the Fosterville deep drilling lookalike theory since he was the one who came up with it for Eric Sprott back in the day. He and I would like to see some 800-meter holes poked into the best targets. Based on the closing price of Conroy on September 3rd at 8 pence, the company has a market cap of 4.4 million British Pounds. At today’s exchange rate for the USD, that would make the company worth a total of $5.91 million USD. Or you are buying gold in the ground from Conroy at $11.43 an ounce in USD. Given that other exploration stories in favorable jurisdictions are going for about $67 USD per ounce, I’d say that is patently absurd. Conroy is not an advertiser. I have bought shares in the open market because I like the story. With the millstone removed it could be a world class deposit given adequate investment and spending the money wisely. For anyone interested in participating directly in a no hold private placement please contact the finance director Cathal Jones at cjones@conroygold.com. Conroy Gold and Natural Resources Plc ### Bob Moriarty 321gold Ltd |
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