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Georgian Min. Share Discussion Threads
Showing 201 to 225 of 225 messages
|This is pumped on twitter every so often, and the price reacts upwards but not far. When the momentum players realise it's not go to move too far they sell up again until the next time. As an investment they look to have good assets, so if they ever get to the mining stage (as they have promised before now) this could be a good prospect. We need news to see how much progress they are actually making.|
|Make sure you guys set your sell orders at £1+ via your trading accounts. That way the mms cannot lend our your shares to the shorters (Cantors)|
|CFEP trying to cover short? 9.25 No Opinion
Beaufort lost its discretionary licence and Cantors have been raided by compliance meaning they are having to close their books to settle their accounts. Shard suspect that they are currently holding short position in GEO after some digging to find out where all the loose stock was coming from. If this is the case and there's even a little bit of buying pressure in the morning, this will absolutely fly. Keep an eye out|
|Good day today as GEO heads for 10p.|
|Cu is one of these ores where a low %age value in the rock can be quite profitable. 2% to 3% value in copper is good but you need volume also (typical range is 0.3 to 12%). They then have to truck the ore 7km away to a mill for processing. When you extract the concentrate from the ore you probably end up with approx. 20 to 30% concentrate (Zn is usually 50-60%). Then you have to ship to a smelter or leaching facility for processing, the final product is then refined to 99.99% pure Cu. - not so sure of all the costs associated but substantial. Like all metals the big profits are in high prices for the metal and low costs of production. Cu is usually associated with other metals which contribute to reducing processing/smelting costs.|
|Yes now gold appears to be sidelined or taking back seat, it would be copper being produced.
The untreated copper ore will be trucked to GEO's Partner's refiner "JSC RMG Copper", to produce concentrate. JSC RMG Copper sell their concentrate, which requires further purification/ refinement to third parties. It is not a finished product to demand the spot price we all know and track.
So the big question is what level of purity and type of concentrate is produced and what % of spot do JSC RMG Copper normally achieve?
It's hard to find such info from their website, so unfortunately without further info, a PI will have to compare it to other companies where info is available.|
|Isn't it copper concentrate being produced?|
|Whilst GEO could be undervalued if it does indeed make production (a big if), not all the above figures are correct and investors should not rely upon them. Whether they are "fully funded" and the £2.6m can see them through to production is also a major question mark.
I suggest people do their own research and come to their own conclusions, particularly on what % price GEO and its partners can achieve for the treated copper. It will be nowhere near to the spot price of copper, nor to even the "ultra conservative" spot price lows stated of $4,000. It is surprising and misleading that spot prices are being quoted to PIs and not a realistic % of the spot price instead.
Whilst GEO is at an equivalent share price low of 8p, which equates to an old Noricum 0.08p, due to the placing this share price that now represents market cap of £6m. GEO's low in terms of market cap was actually closer to ca. £4.5m.
I have soft spot for Georgia, visited many times, a great country - I really do hope it receives more investment and hope GEO's drill results are positive and can get this into production. However the track record of the Board does not fill me with confidence - as Noirua states, it is high risk, but potentially high reward. I hope my cynicism is proven wrong in time. Until there is at least a plan or estimated date for production, far too risky for me - but good luck to others and do your own research before making the plunge|
|real opportunity for these to multibag from these levels short term. fully funded and big Q1 and Q2 coming up|
|I hope the figures quoted are accurate if so the shares are really undervalued !!|
|Courtesy of @SLowie100Today 11:27Thought this is worth re posting. Ignore the noise, this will be in play soon.
MCAP £6m / 8p share
Recently changed name to reflect change in strategy from gold to copper after getting high grade copper intersects at kvembo bolnisi (680km2 asset)
They also recently consolidated shares to appeal more to institutions which worked in respect to their recent raise of £2.6m which is to fund a 10,000m drill programme to get to 3-5m tonne resource delineated and get them through to production. They believe there’s 50-70m tonne @ c1% grade in the liscence area as a whole (huge 50-70yr mine life).
Timescale to production 6/9 months.
They have a 50:50 JV with local partner who have a mill with spare capacity of 1m tonnes pa throughput just 7km away. There’s a few hundred £k been allocated to build a road, other than that no CAPEX required to get into production.
The projections for production are as follows:
1m tonnes of ore capacity (initially) P.A.
At mid point of 1% grades is 10k tonnes copper.
Allowing for 80% recovery (conservative), leaves 8k tonnes pure copper.
Current copper price is $5800/t.
6 month lows $4500
5 year low $4000
The contract mining costs are being forecast at $1500 p/t but expected to be closer to $1000 p/t.
The company have used a 5 year low copper price ($4000) and a high contract mining cost to be ultra conservative. $4000 sale - $1500 cost = $2500p/t.
$2500 x 8000t = $20m (50%/$10m). So $10m attributable profit in 1st year alone.
If they can increase the recovery to 88% which should easily be achievable, then that creates an extra $1m to the bottom line.
If the grade increases to 1.25% (they have up to 2%) then that again adds up to $5.6m to the bottom line.
If you go with a more realistic copper price of $5000 p/t (c15% lower than todays price) then that will add $4m to the bottom line.
If contract mining costs come in at $1250 then it will add $1m to the bottom line.
As you can see if GEO can achieve $22m profit it wont be a massive shock based on their conservative figure.
Current price looking like a fantastic opportunity.|
|How about adding this little paragraph to the header
16 November 2016
Georgian Mining Corporation ('GMC' or 'the Company')
Georgian Mining Corporation is pleased to announce that it has raised GBP2.6 million by way of an oversubscribed placing of 32,500,000 new ordinary shares of no par value in the capital of the Company ('the Placing Shares'), with new and existing shareholders in the Company, at a price of 8 pence per Placing Share ('the Placing')|
|4 paragraphs added to bottom of header - announced 25/11/2016
Size 6 letters. Will reduce size after a while.|
|Georgian Mining Corporation reports that it was notified yesterday that following an acquisition of ordinary shares of no par value in the Company ("Ordinary Shares"), TB Amati UK Smaller Companies Fund has an interest in 3,437,500 Ordinary Shares, which represents approximately 4.27 per cent. of the issued share capital of the Company.|
|well I have added. Got lots and lots now!|
|I think we all know that GEO has fallen back to previous lows and there looks a good chance of a leap from these levels. Maybe one poster hopes to push it down even lower and thus increase the % returns. All part of the game I suppose.
High risk High return position and a gamble on results due fairly soon.|
|Seagreen was the VGM ramper!|
|As was Seagreen prior to him!|
|sleven, the answer is none will be mined, none will be sold.
This is a MINMET repeat, N is a born numpty!|
|If all goes well with the current drilling and gold, copper and Lead prices at least holdup. Then with the strength of the US$ and low cost mining combined with ore deliveries to the front gate. Then GEO stock is very cheap indeed and could signal a company in the making and a multi-bagger at the present floor price of 7.875p a share.
However! This is high risk in hoping that at least 1.1 grammes per tonne gold and copper at above 1%, as a resource is needed. Copper results do need to see some good widths of 10 metres at 2% copper or 4 metres at 5%, at depths of 50 to 100 metres. Any good results near surface are a bonus.
If a resource for copper comes close to 2.2% at average widths of 8 metres then we move towards bonanza results here.
Further downside is that Georgian management failed to deliver gold at above 1 gramme per tonne in 2016 and confidence is low. Blasting the share price from an equivalent of 23p down below 8p. Worse was a discounted placing at 14p followed by another at 8p.
Maybe going for deeper copper and gold resource is right. Just hoping St Barbara, patron saint of miners, is with us.
Just maybe we are going to see a situation as in 1995. An Australian gold miner, Endeavor Resources NL, saw its shares plunge to 2 cents as it embarked on a gold project similar to the copper-gold project by Georgian Mining. Changed their name to St Barbara Mining - still quoted as ASX:SBM. Later in 1996 they struck exactly what they planned to do and the share price took off. It peaked at just under $3.00 as a 140 bagger. [In 1987, just before the great crash, the shares were at 70 cents - so it does depend on one's timing I suppose - about 50 cents in 1980]
This was the second biggest riser after Poseidon in 1970. A 1,000 bagger, probably never to be repeated. Many suicides followed its eventual near demise. [ many think Poseidon NL vanished, not so. It was taken over by Western Mining Limited and produced nickel for many years. The tenements are now owned by Poseidon Nickel Limited ASX:POS - so the old dog lives on ]
Invest money you can afford to lose and forget. Just like a punt at the local bookies. Could payoff that big mortgage or make a hole in your pocket.|
|This looks like an interesting outfit focused on strategic minerals, currently coring a gold prospect.|
|Why Gold & Miners Have Sunk
When will all that Pb, Cu and Zn be mined and more to the point produced and sold on?|
|All golds are down much against the consensus (the ones I follow anyway). I think this is a great opportunity to get into some quality small stocks IMHO.|
|Hey Noirua see your NGX thread - apols for o/t|