Georgian Mining Share Discussion Threads

[dudishes] 02/1/2017 14:42

sleven, the answer is none will be mined, none will be sold.

This is a MINMET repeat, N is a born numpty!

[noirua] 30/12/2016 15:12

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.
Blooming heck!
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.

[pixi] 22/12/2016 08:49

This looks like an interesting outfit focused on strategic minerals, currently coring a gold prospect.

[noirua] 15/12/2016 11:07

Why Gold & Miners Have Sunk

[sleveen] 15/12/2016 08:28

Hi Noirua

When will all that Pb, Cu and Zn be mined and more to the point produced and sold on?

[parsons4] 15/12/2016 08:27

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.

[cpap man] 15/12/2016 08:13

Hey Noirua see your NGX thread - apols for o/t

[noirua] 15/12/2016 08:12

Price down again as gold tanks towards $1100. Copper remains quite firm. Interests GEO a lot more.

[noirua] 08/12/2016 15:26

It will cost you around 9p now to pick up some GEO. Still very cheap if Lead and Zinc prices remain high and copper remains firm.

[noirua] 05/12/2016 15:44

Increased my holding in GEO at below 8p. Looking cheap as copper continues to rise.

[noirua] 02/12/2016 09:49

If you can get in under 8p then you should be pleased with the outcome as Copper, Zinc and lead prices remain strong. Gold looks OK in price and about half the loss is due to a strengthening dollar - should recover gradually from here.

[noirua] 28/11/2016 23:56

Gold also appears to be recovering after some panic selling in recent weeks.

With Zinc and Lead powering ahead it is only a matter of time before copper takes off.
This makes GEO very cheap indeed despite not yet quite being a producer.

Buying at just 8p or even lower is likely to be looked back on as a mystery low point.

I'm raising my guess for GEO at £2.00 whilst eyeing the cost of gold, Copper, Zinc and Lead on its way to China.

[noirua] 28/11/2016 20:47

Share Views - Ep.18 - Jim Mellon on the ‘Domino Theory’; Markets & Politics in revolutionary times.

[sleveen] 27/11/2016 11:59

Noirua
24 Nov '16 - 00:47 - 47 of 48 0 0
GEO are now a Copper, Lead and Zinc miner...


Nope, still exploring.

[noirua] 25/11/2016 08:35

Georgian Mining Corporation is pleased to announce it has commenced phase one of a three phase drill programme, targeting gold oxide and copper-gold mineralisation discovered at the Kvemo Bolnisi East Project ('KB' or 'the Project') located in the Republic of Georgia.

-- First phase drilling of 12 holes for circa 2,500 metres commenced today
-- Initial resource targeted to access spare capacity at the nearby Madneuli plant
-- 10,000m drill programme targeting an initial resource of 3-5 Mt copper/gold

GMC's Managing Director Greg Kuenzel said, "The commencement of drilling is an important step towards exploiting the production opportunity available at KB, which is made more compelling by our ability to access our local partner's neighbouring plant.

To reduce exploration risk, the exploration team will undertake drilling through three pre-agreed phases. As mineralisation is open in all directions, Phase 1 aims to improve the geological model with focus on the trend of previously intercepted higher grade mineralisation. On delineation of additional high-grade mineralisation Phase 2 will expand the programme through step-out drilling to include the lower grade bulk tonnage usually found in conjunction with the high-grade mineralisation. Phase 3 and further phases of drilling will follow up on existing gold and copper occurrences in soil anomalies, historic high-grade drill intercepts, adit channel sampling and geophysical anomalies generated by our recent IP programme.

[noirua] 24/11/2016 00:47

GEO are now a Copper, Lead and Zinc miner with added gold. Copper, Zinc and Lead all continue to rise in price. This indicates GEO to be a lowly priced near term producer.
'Cheap as chips'.

Zinc remains at a 5-year-high.




Copper at 1-year-high:




Lead at 1-year-high:

[noirua] 23/11/2016 11:01

Continued edging my holding in GEO back up to 100k shares. Lost confidence for a while
but now the increased potential in base metals makes GEO look very cheap on near term production.

Getting in under 8.5p is an opportunity not likely to hang around for long.

[noirua] 23/11/2016 09:52

Rising Momentum to Continue in Base Metals, SMM Says
Nov 23 2016


---
SHANGHAI, Nov. 10 (SMM) - Republican candidate Donald Trump beat Hillary Clinton to become the 45th President of the United States. Base metal market surged across the board after the election result. Copper, underperforming others for most part of the year, also outshined. Why does copper market cheer the news? The followings are views of major banks.

[richgit] 23/11/2016 09:21

Finally,

The final plot of desperation ?

To replace the deliberate intentions of the past "IMF Gold sale"
it seems India`s Prime Minister has been hooked into the Western Gold scam,as the new Market tools of "rumours" of
India banning Gold imports,and of course the removal of high value Currency notes that has caused carnage in India and..........

soaring Gold !!!!.


They sure are worried about having the Gold for December(and onwards) deliveries.

[richgit] 23/11/2016 09:06

I watched all the action when I decided Gold was a buy at circa $280 and
"everyone" was saying "Gold was finished as an investment" !!!

Below - is why,yet of course confirmation of the truth was not around in those days
as they faced "The abyss" and Gordon the Moron was looking down the barrel of a 12bore as London`s Gold was owned by multiple owners (and still is )

No need to tell what happened after in the rise from $250 to $1900 !!!!




‘We looked into the abyss if the gold price rose further. A further rise would have taken down one or several trading houses,
which might have taken down all the rest in their wake. Therefore at any price, at any cost, the central banks had to quell the gold price, manage it.

‘It was very difficult to get the gold price under control, but we have now succeeded.
The U.S. Fed was very active in getting the gold price down. So was the U.K. ’
Sir Eddie George , Bank of England Governor, September, 1999.

[parsons4] 21/11/2016 10:31

This morning gave ordinary shareholders the chance to top up at the placing price (which I did !!). The chance normally occurs some time following a placing, to shake a few short term holders out IMHO.

[noirua] 21/11/2016 08:40

Now below the placing price of 8p GEO looks to have grabbed uncertainty just as they were to deliver gold bearing ore for treatment. Market hasn't bought Greg Kuenzel's explanation that copper/gold further drilling will bring bounty from high grade copper.

Maybe Greg is right but maybe he speaks a similar message as before. The shares are probably cheap but but but a recent cash raising at the equivalent of 14p was just straw in the wind.