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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Georgian Min. | NMG | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 9.50 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 9.50 | 9.50 |
| Top Posts |
|---|
Posted at 09/10/2016 13:31 by noirua 604 - Noricum Gold / Georgian Mining Corporation and Chris Bailey on easyJetGreg Kuenzel, Managing Director of Noricum Gold #NMG soon to be the Georgian Mining Corporation #GEO answers private investor questions. ______ Greg Kuenzel reminded me of a situation I was in many years ago. These people kept asking me questions I did not want to be asked and would not ask me any I wanted to be asked. So it was a situation of waffling away and everyone knowing that was what I was doing. Fortunately, rescued by the Chairman as time ran out. He new didn't he, that the share price crashed because of delay in delivering ore and drilling costs, overheads etc., eating away at the cash. Even when ore is delivered it will take some time before cash rolls in and wages, fuel and hire costs will be a problem. What now, cash raising and who from. It will most likely be a discounted share price to raise at least $1 million more. Is there a way out? - , as said before, bring in another party to take a stake and fund part of the cost. There is only one truth, it's the whole truth. Shareholders have doubts about what was said by dithering Greg Kuenzel, in this podcast, and don't quite buy the non-delivery of surface ore as there is better copper/gold deeper. The shareprice plunged further... --- The real spread is very wide as MMs are defensive - shares might still be worth 30p or much less on a big delay to reap the cash. Copper at 0.5% - 1% and gold at 0.5 grammes to 5 grammes per tonne was said but not as confidently and excitedly as one might have expected. Maybe the new results promised in the next few weeks, few means 2 or maybe 3, may bring in exciting results. Perhaps Greg was just caught out by the questions or a cold or influenza was coming on - OK Greg, we just wait for great results from drilling in the next few weeks and the shareprice up to 20p or indeed more. |
Posted at 03/10/2016 20:01 by dandadandan Post Consolidation, the number of New Ordinary Shares is expected to be 47,924,853. The first day for dealing in the New Ordinary Shares on AIM is expected to be 6th October 2016.So the current share price should start life at around 10p. Any guesses on this share price on the morning of the 7th. Will it drop or rise? It looks to me that the Market thinks it may drop as the BoD may issue more New Ordinary shares to raise that much needed capital? Offering these at a possible 50% discount to your Institutional Investor friends? (Has the deal been done?). A great life but not for the PI. Be watchful and careful, IMO. Still waiting for news..... GLA. |
Posted at 30/9/2016 09:15 by richgit As the Randgold Boss reminds us......."Just to keep the industry supplied, he estimates that it will require the discovery of 90-million new ounces a year, and to reverse the grade deterioration 180-million ounces a year will need to be discovered. However, current discovery levels are at a fraction of what is required, in the range of 10-million ounces to 15-million ounces a year. " The above is a warning of an immense problem coming for those around the World that are taking Financial mayhem insurance in Physical Gold . I think the Investing Community has their head in the sand with regards to what is eventually coming in the explosion of value of Gold in the ground far ahead of the days Gold soars.- as many don`t need Gold at $1900 or $10,000 as $1200 would be a nice place to be for many,yet Investors are blinkered to that fact. When sentiment changes (faced with the reality)it could change fast and ferociously as Investors eventually scream for and applaud "more" " The significant discovery has resulted in the Company refocusing its efforts on expanding the resource development programme to incorporate new styles of mineralisation with a view to developing a much larger deposit with potential to far exceed previous estimates -- Noricum has set the initial exploration target at between 50 and 70mt @ grades between 0.30% Cu and 1.00% Cu and 0.1 to 1 g/t Au for copper sulphide mineralisation and 0.5 to 5 g/t Au for oxide gold resources given the proximity to the Madnueli Deposit and the similarities in the geology observed there and at the Kvemo Bolnisi Project -- Up until this recent discovery, the Company was focused on bringing a small gold-bearing oxide target to production; however in light of the new discovery a staged production of gold and copper has been assessed as being much more value accretive, much more cost effective and will avoid compromising the now larger target -- The Company will therefore continue to drill and explore Kvemo Bolnisi East and surrounding area to further enhance its value Production and Processing -- MoU signed with RMG, whereby RMG will mine and or process ore generated by Noricum Gold, subject to certain conditions, via existing processing infrastructure owned and operated by RMG -- Subject to final agreement with RMG, the targeted cost for contract mining and processing is less than $600 per ounce assuming an average grade of 1 g/t Au for heap leachable gold-bearing ores -- These costs will reduce if the average grade increases above 1 g/t Au -- Low costs, along with access to existing processing facilities and equipment, significantly reduces capital expenditure needs and timeframes and make it possible to evaluate a range of resource types with different combinations of grade and tonnage that might otherwise be considered either too small or sub-economic " Needless to say-yet obviously when ears are deaf.... If Management are correct- then this Company is going places along with its Micro-Cap valuation Risk/reward in the percentage game of owning a few such stocks. IMHO |
Posted at 23/9/2016 11:37 by noirua Just a matter of waiting to see if Noricum can get to delivering ore for heap leaching in the short term. Without income on deliveries investors are uncertain. The fault fits fairly and squarely on the shoulders of the company's directors. |
Posted at 16/9/2016 14:56 by lovelyjubly1 talk of 1p or even 0.5p in the future seems utter nonsense at presenti'm talking about investors own targets. |
Posted at 06/9/2016 21:43 by iloveit Looking like it's going to motor up now as investors snapping up shares on exciting RNS today. |
Posted at 17/8/2016 09:35 by richgit It is the Summer doldrums,and overall the vast majority are not looking at Gold,and of those that do,there is still a belief they can sell and get back in cheaper with most Gold related stocks.They have missed the stocks where there is already no chance of getting back in cheaper than when they were selling for their comparative 0. As some of the Major producers start their more realistic re-valuations and gradually start their heading towards the stratosphere,all else will eventually become a comparative of accepted valuations until the days of 2 shovels and merely a Gold target are valued at £25- £50 Million +. For those that will eventually flock to London listed Goldies,I look at the list of what could be "the last Men standing" as some have been snapped up by predators in opportunism.or consolidation.(AMARA From the revalued Major producers down to the Junior producers,and then the "what ifs" In the last men standing We have the likes of HUM,and the likes of totally unloved CGH with its circa 7 Million ounces,leading down to the likes of microcaps like OTC,NMG,etc. In 30 years of following Gold and Gold stocks I have never witnessed such undervalue for those with arguably "the potential" of producing the only real Money around. I have certainly never witnessed 7 Million believable ounces being valued at petty cash regardless of Market sentiment,considerin Hindsight will tell us all "which were the last Men standing"and of course "The last men standing" will have hordes of investors flocking to them. Hopefully there will be years ahead of new investors entering that guessing game,and whether we witness the new Dot-Com Gold era akin to Baltimore,Knutsford group,Last minute Dot-Com etc etc is a possibility in the next couple of years. I wonder which will be the "Last Man Standing" and "name your price" Merely my own observation. |
Posted at 12/8/2016 19:18 by ryan83 Put it this way, 70mt is worth just over $3.3bn. That's one target of 18. There David Garedji mine also which has 450k oz gold at 4g/t. And that only covers approx 10% of the David Garedji mine. There's going to be some crazy numbers in term so resource and NPV. I would not be surprised to see a resource of approx 15-24m oz gold equivalent over the next 9-12 months. This is indeed world class. The trouble NMG have is investors1) associate the bod with the old Austrian assets - which whilst are shelved are not shelved because of the project merits but how early stage it is and how much it would need funding 2) they don't yet fully appreciate this Georgian asset. It obviously seems 'too good' 3) short termism on not producing from the starter pits yet with it bieng pushed back DYOR but I have a big holding here now. Gla |
Posted at 17/7/2016 14:33 by cpap man 2016 has been exciting so far for gold investors. In the opinion of billionaire Eric Sprott, what is happening to gold and gold shares is stunning. The average gold stock is up 160% in less than 6 months, and Eric thinks gold will easily go to $2,000.Gold, silver, and the mining shares have been the place to be ever since Eric was pushed into precious metals 16 years ago, in 2000, when gold was at $255. He was a hedge fund and equity fund manager who realized that the NASDAQ was going to crash. He wanted to protect his investors, so he got into gold stocks and opened up a hedge fund. He has found that when most bull markets really get going, the returns are an average of 500%. In this gold bull market, $2000 gold is more like a 50% increase, so we should see it go that high at least, possibly much more! Money deployed in the majors and mid-tiers is trickling down into the exploration companies where there has been a huge rally. One of his current strategies is to find near-development companies where a company has an interesting deposit and/or could be in production quickly. A recent example of an investment that Eric has made is called Latin American Minerals (TSX-V:LAT). There is a concern about the negative correlation between gold stocks and general equities. Sprott thinks gold stocks will still be strong. This is because a failure- whether it is a bank, a government, COMEX, or a stock market breakdown would be incredibly positive for gold. Deflation is better for gold than inflation. Sprott is hoping the central banks, and the commercial banks who are short on precious metals will lessen in power, so that gold and silver can do what they should have already done and go way up. The gains have been prevented many times due to market coercion by people with more power, money, and determination than the investors. Gold going over 2k in this ponzi-scheme environment is long overdue. We're going to have a long bull market. Talking points from this week’s interview: • Gold is way up in the last 6 months and will reach $2000 • Average bull markets have a 500% return average • Exploration companies have much potential for huge returns • Gold stocks will still perform in a financial crash • Deflation is better for gold than inflation Eric Sprott has more than 40 years of experience in the investment industry. After earning his designation as a chartered accountant, Eric entered the investment industry as a research analyst at Merrill Lynch. In 1981, he founded Sprott Securities (now called Cormark Securities Inc.), which today is one of Canada’s largest independently owned securities firms. In 2001, Eric established Sprott Asset Management Inc. |
Posted at 13/6/2016 08:16 by iloveit Investors looking jittery here as no real productive news is filtering through.Something surely must be shown to investors that this is not just a pump and dump.Is there gold ready to be be produced?Can we see evidence of this? |
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