Share Name Share Symbol Market Type Share ISIN Share Description
Georgian Min. LSE:GEO London Ordinary Share VGG9688A1003 ORD NPV (DI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.125p +0.76% 16.625p 16.50p 16.75p 16.625p 16.50p 16.50p 60,443 10:44:39
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 0.0 -5.6 -9.9 - 19.05

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Georgian Min. (GEO) Discussions and Chat

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Date Time Title Posts
11/7/201709:15INTERVIEW: Georgian Mining Corp-
06/3/201712:11Georgia Mining Corp (formerly Noricum Gold)78
25/11/201513:00Invest in Georgia: Trust me...4
26/11/201420:58Geothermal Energy companies56

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Georgian Min. (GEO) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2017-08-21 15:44:0016.38100,00016,380.00OK
2017-08-21 15:35:0516.50135,00022,275.00UT
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Georgian Min. (GEO) Top Chat Posts

Georgian Min. Daily Update: Georgian Min. is listed in the Mining sector of the London Stock Exchange with ticker GEO. The last closing price for Georgian Min. was 16.50p.
Georgian Min. has a 4 week average price of 15.75p and a 12 week average price of 15.75p.
The 1 year high share price is 23.25p while the 1 year low share price is currently 7p.
There are currently 114,574,491 shares in issue and the average daily traded volume is 770,346 shares. The market capitalisation of Georgian Min. is £19,048,009.13.
noirua: The share price looks all on the eventual outcome of drilling for copper this month. The company might give results as to what copper is visible. Otherwise it's probably going to be October before the full assays are out. The market doesn't like uncertainty and delays in production. Delay equals more money being consumed. The gold and copper prices are doing well. I seem to remember Zinc is also up for exploration in the future and the price is moving towards 'sky high'.
pj 1: Still no production despite promises for 2017 Late appointment of a specialist. Share price reacting accordingly.
vesperdene: I agree they are an exploration play, not production. Either way, they are undervalued. IMO the depressed share price is reflecting the perceived (and very real!) risk on two aspects: 1. GEO announcing that they satisfied their obligations under the JV deal buy-in, thus officially being transferred their 50% share. My understanding is this has been met (ie the $6 million has been spent on exploration and resource definition) 2. Signing of production agreement I reckon 1 must be imminent, weeks if not days. If not, I will start worrying. Point 2 is a tougher one to call, but it's irrelevant until point 1 is taken care of. I believe once 1 is completed, 2 will come relatively soon after, perhaps within 1-2 months. If I can add a "3" on derisking - If they can convince the partner to roll up their shares into the listed GEO vehicle, that to me will be a significant risk mitigator, even if itsjust perceived risk. Western markets, both II and PI will feel much more comfortable with such an indication. GLA, I believe this will rapidly rerate if 1. above is met (I call 40p) and if 2 is met, I call 70p, excluding any exploration upside on new targets.
airs999: Yes it was a good update. On the ateady decline in share price, anyone have an estimation of how much further it might fall before the rebound? Is the 16p or less possible? At the current rate that does look possible (then again practically anything is possible)
airs999: I get the impression it will be all quiet on the western front until late june/into July at the earliest. I sense July will be month of restoring share price upward momentum
adorling: Great raise at fair price of 16p IMO - hopefully share price will reflect that we are well funded now to develop Kvemo Bolnisi copper and gold project in Georgia.
iloveit: GEO Price is Very strong as investors topping up on the dip on a very red day for commodities.
noirua: The last cash raising was in January 2016. £1m at an equivalent of 8p a share. Further fund raising should prove very easy. As the results from zone 2 are proving better than expected GEO may consider mining this before zone 1? Zone 1 copper results are not that good at 0.8% copper and efficiency is likely to be 75% to 80%. Being in The Republic of Georgia must be having an effect on the share price, like it or not. Interesting from hereon all the same. --- January 2016 - hTTps:// The funds raised will enable the Company to develop early stage production opportunities potentially as early as Q3 2016 from two starter pits identified at the Tsitel Sopeli and Kvemo Bolnisi project areas ('the Project Areas') located within the broader 861 sq km Bolnisi Copper-Gold Project in the Republic of Georgia. The Project Areas have been identified due to the presence of high-grade outcropping secondary quartzite gold mineralisation and the close proximity to the operating Madneuli and Sakdrisi mines and its associated heap leach operations, which are owned by the Company's local partner. Further announcements regarding the Company's production plans and targets will be made in due course. --- Noricum Gold NMG - Shard Market Eye - January 2016 - Go to link NMG Long article gives views on costs. Read the complete article as the following three paragraphs are a little out of context. The decision not to mine near surface gold has put production back up to 1 year. Cash costs to drill, blast and truck mined ore the few kilometres to the Madneuli processing plant is likely to be in the low tens of dollars per tonne. The ore will then be sold ‘at the mine gate’ to Madneuli, on the basis of grade, with an assumed recovery factor applied similar to that which the mine currently achieves, minus a small margin to cover the administrative and analytical costs. Somewhere around five percentage points on the ounce (so $50 on a $1,000 ounce) appears to be a reasonable assumption as a ‘handling charge’ in addition to the processing costs. Typical heap leach recoveries for quartzite-hosted gold are of the order of 70-80%, with cash costs of the order of US$500/oz. Taking these broad-strokes estimates into account and using $1,000/oz. gold price, an attributable margin of between $100-200 per contained oz. of gold in ore seems a reasonable earnings estimate. So revenue from each of these starter pits might be $10-20m pre-tax over two years. Not enough to provide substantial shareholder returns as cash dividends, but certainly enough to see significant capital growth and protect against dilution. The near-surface gold contained by the planned starter pits, may contain the company-estimated 100koz each, or may not. This will largely depend on the ultimate tonnage extracted, so right now it is impossible to say either way. However, the heap leach pads currently in operation at Madneuli are working at a profit on 1.5g/t contained gold from similar geology, so any compatible material that approaches or exceeds that grade will have a ready local market.
noirua: If all goes well with the current drilling and gold, copper and Lead prices at least holdup. Then with the strength of the US$ 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.
noirua: 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.
Georgian Min. share price data is direct from the London Stock Exchange
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