Georgian Mining Share Discussion Threads

[iloveit] 04/12/2018 08:04

I think this hit around 24p dec last year .Nothing has changed it's just the wait on the president issues that seem to have got resolved.Dyor not sure they have other sites that are ongoing too but who knows copper is there along with gold .Been so long it's hard to remember what projects they have.

[iloveit] 04/12/2018 07:57

Really would be good if investors get feedback on when plans will get the go ahead.

[seanlander] 30/11/2018 07:07

What's taking so long. Struthers is Losing his credibility the longer this drags out... we need an update on this rns which is two months old now...Mike Struthers, Chief Executive Officer said:"Following my meeting with Mr. Kobulia on Friday 21(st) September, he has held further internal meetings and I'm very pleased to report that the Minister has now endorsed our application. This allows the Mining Agency to finalise the Government Resolution, which was done and submitted on Monday 8(th) October. This Resolution goes to other ministries such as Finance and Environment and takes only a few weeks to complete.

[dexydog] 26/11/2018 17:36

Don,t forget to spin the prayer wheel. It could put a good spin on GEO. T T fN

[seanlander] 26/11/2018 17:08

There's patience and then there's Buddhist monk league. I've just bought my orange robes!

[dexydog] 26/11/2018 09:10

Last week during the night, I was listening to a BBC World Service News report about Georgia, saying that the unemployment rate in Georgia had gone up. If this was the case, then why hasn't the Powers that be given GEO the permission to start moving again, which would increase employment??? t t f n.

[greatfull dead] 21/11/2018 15:22

Strange how some PI buy in on a directors buy RNS!

I have in the past, that I admit. I don't now and neither do a few ADVFN posters I have respect for and I am in contact with do so for obvious reasons!!!!

Edale Europe Absolute Master Fund RNS yesterday. A blip or not!

I currently don't hold.

ATB,
GD

[5trelok] 21/11/2018 13:55

Looking to get back in here around the 2p mark

Fingers crossed!

5t

[5trelok] 21/11/2018 09:17

False dawn, I'm afraid

Somebody just DUMPED 7466 shares this morning

Could this be the beginning of the end?

5t

[davidspringbank] 19/11/2018 23:22

We're now back to 2016 prices long before they found the world-class discovery and before they beefed up the Board with experienced Lundin people. I agree that the permit approval will be the trigger for higher prices taking us back to previous highs, and beyond.

In the past two or three weeks, I've bought an extra 700,000 shares at 8p and below to add to the one million I already own.

Ignore the noise and DYOR.

[seanlander] 19/11/2018 18:21

Can see this steadily climbing whilst we await permit approval. This could really start to get interesting these next few weeks. Always a good sign to invest when directors put their hands in their pockets!

[5trelok] 19/11/2018 11:13

Gosh, I dunno...

Maybe they're not allowed to...?

I just assumed that...y'know...

5t

[sleveen] 19/11/2018 11:07

How many shares do share price Angel actually hold?

[5trelok] 19/11/2018 11:05

@Eric

Excellent bullish update from share price Angel - I'd be even happier if they'd taken their

lead from the directors and bought more shares.

5t

[saracen3] 19/11/2018 11:00

SP Angel Upgrades to Strong Buy.

(Georgian’s assets in Georgia are held in a 50:50 joint venture)
STRONG BUY
• Michael Struthers, CEO, Greg Kuenzel, FD, Neil O'Brien, Non-Exec Chairman, Mr Laurence Mutch, NED and Peter Damouni, NED have all bought shares in the company.
• The purchase of 1.22m new shares by the board at 6.5p/s highlights the board’s confidence in the prospects for the company.
• The team are waiting for government officials to complete license approvals before they press ahead with further exploration and drilling on the Kvemo Bolnisi and other exploration properties in the region.
• The team have a 3-5mt ore resource target with a gold oxide cap overlying a copper resource in the East of Georgia relatively close to the boarder with Azerbaijan.
• The hill at Kvemo Bolnisi lie close to the Madneuli mining operations which continue to process both copper and gold oxides ores.
• Mining could utilise the existing gold heap leach facilities which can be seen from the hill at Kvemo Bolnisi as well as potentially the copper flotation plant at Madneuli though this could require significant refurbishment.
• Drilling to-date indicates a substantial tonnage of brecciated and broken rock at Kvemo Bolnisi with assays confirming relatively good grades of copper in Chalcocyte, chalcite and sulphides.
• A gold oxide cap of weathered and relatively soft material appears to host economic grades for heap leach processing with gold recoveries of >90%
• The topography indicates a very low strip ratio and low crushing costs as the rock is so highly weathered and brecciated.
• The sudden dissolution and eventual reformation of the government in Georgia has delayed the reissuance of permits required for drilling and further exploration of the Kvemo Bolnisi site and other licenses.
• Comments from government officials indicate the permits may be received soon.
Conclusion: The directors of Georgian Mining are working on how to progress the Kvemo Bolnisi project. While this is delayed pending permits there is much that can be done to plan for future developments.

[5trelok] 19/11/2018 10:23

Proud of you, Davy

[davidspringbank] 19/11/2018 10:18

I have bought another 100,000 at 6.725p taking my total to 1,700,000 shares.

[5trelok] 19/11/2018 10:01

Why is it dropping on good news?

Will trading be suspended?

5t

[bspgamer] 19/11/2018 09:54

Here come the decamping brigade

[manlord1] 19/11/2018 09:35

Do you understand anything about investing and general market indicators?

If a placing was needed they would not have bought in the open market and would have taken part. There is nothing probable about your post. Do try to keep up :-)

ML

[sleveen] 19/11/2018 09:16

Placing must be due soon, trying to boost the share price beforehand ...probably.

[5trelok] 19/11/2018 08:55

Fill your boots, lads!!!

Something's brewing!!!!!

Licence renewal imminent, swiftly followed by a production agreement, methinks!!!

Laurie and Mike can then load up a handcart with nuggets, wheel it to the factory

gates, and sell it to passers-by to organically fund our copper mine because, don't

forget, THAT is the big prize - the Chinese have NO COPPER left!!!

All IMO, do your own research, your home may be repossessed...

5t

[seanlander] 19/11/2018 07:33

Could this be a turning point?Interesting entry point now with permits looming. Some serious potential here.

[bspgamer] 19/11/2018 07:07

Mr Neil O'Brien's total beneficial ownership in the Company is 1,650,000 Ordinary Shares representing 1.44% of the Company's issued share capitalVery interesting!!!