Georgian Mining Share Discussion Threads

[effiert] 17/2/2017 08:38

mia more like 30-40p+ once production starts v soon!

[brando69] 17/2/2017 08:37

full ask of 12 being paid for small volumes

[miahkaysor] 17/2/2017 08:35

15p coming?

[iloveit] 17/2/2017 08:33

Typical just knew I should have topped up that is the way it goes .Obviously nice one for those coming in at these prices I'll wait now for 30-50p a share .They have found gold and copper in drill results which directors have finally got the rewards for shareholders also .Hard work well done all .

[effiert] 17/2/2017 08:03

also Noticed the Directors buys popping up on the trade sheet last night. Also see a 250k big buy at 11.5p from yesterday. Interesting

[effiert] 17/2/2017 08:02

Noticed the Directors buys popping up on the trade sheet last night. Also see a 250k big buy at 11.5p from yesterday. Interesting

[iloveit] 17/2/2017 07:57

Directors tucking in .Let's see 30p on production now or on nxt rns .Trades pushing into 10-20p zone now .

[parsons4] 17/2/2017 07:16

Yes effiert that is very good news especially £82000 worth, no small purchase by Roderick. In fact that is the best news we could get as a lot of information on this site has been guess work following the placing. I must admit I was beginning to have some doubts about this one but not anymore !!!!

[parsons4] 16/2/2017 08:59

This is starting to look interesting again !! a few good days 1) without big volume and 2) not after an RNS.

[pj 1] 14/2/2017 10:38

It looks that good that the share price is in constant decline. Id say the Market currently is not believing of the (jackanory) story.

[richgit] 14/2/2017 10:16

They could be well on their way to achieving exactly what they stated,ie 3.5MT

We now have a further 3 drill hole results which are not included in the the assay results recently published resource of 947,000 tonnes.

With another 17 results to be published and then the continuation for a further
estimated 30 drills.


If all this succeeds (and looks good so far )then the Cash Cow is going to be some
magnitude greater of what investors were cheering at 20p.


Patience.

[pj 1] 13/2/2017 13:36

I was tempted to add this morning, but once again whilst (constantly) referring to short term production, are they. The RNS states ''delineating an initial near-surface mineable open pit Cu-Au resource and a gold oxide resource, both suitable for near-term production''

Delineate = ''indicate the exact position of (a border or boundary)''

Therefore, IMO they are no saying that Production will start short term?

Plus, ''On further success, we will expand the programme to drill test additional targets identified by our earlier exploration programme and we remain on track to significantly expand and upgrade our inferred resource''

They are clearly stating that if further positive drill results come in then they will undertake more drilling.

These are slightly mis-leading RNS's imo, they are not saying what we hoped they would, but ona initial read does, until you read it a few times.

I am seriously beginning to mis-trust this BoD

Placing?

[pj 1] 13/2/2017 13:17

I was tempted to add this morning, but once again whilst (constantly) referring to short term production, are they. The RNS states ''delineating an initial near-surface mineable open pit Cu-Au resource and a gold oxide resource, both suitable for near-term production''

Delineate = ''indicate the exact position of (a border or boundary)''

Therefore, IMO they are no saying that Production will start short term?

Plus, ''On further success, we will expand the programme to drill test additional targets identified by our earlier exploration programme and we remain on track to significantly expand and upgrade our inferred resource''

They are clearly stating that if further positive drill results come in then they will undertake more drilling.

These are slightly mis-leading RNS's imo, they are not saying what we hoped they would, but ona initial read does, until you read it a few times.

I am seriously beginning to mis-trust this BoD

Placing?

[iloveit] 13/2/2017 08:53

RNS is out today ?so bla bla bla more drilling yet still no descision to dig?Looks like the city traders not bothering to tuck in to any shares on that news.Same old story pin in a haystack hence poor buying !Greg and team still getting paid tho .

[laptop15] 13/2/2017 07:28

Nice RNS guys, good grades making our mayor asset look better all the time £££

[laptop15] 09/2/2017 19:16

Hi Guys, bought in here today and looking forward to the ride :) I was a holder back in the Noricum days and sold out but now with the fund raise and extra cash here plus short term plan for open pit mining I feel it's a good time to buy invested. I remember the share price went over 0.20p pre consolidation days so very cheap at the moment under 9p. Also I liked the recent podcast with Greg and everything Sounded very promising.Good luck all

[effiert] 01/2/2017 17:57

well said Rich. Plenty of samaratains on advfn lately... Most of them missing big rises.

GEO will have its day and pretty soon imo.

20p+ short term target

[effiert] 01/2/2017 17:57

well said Rich. Plenty of samaratains on advfn lately... Most of them missing big rises.

GEO will have its day and pretty soon imo.

20p+ short term target

[sleveen] 01/2/2017 11:36

richgit

God luck with your investment.

GEO maybe a dream Company but it's the financials that tell the story.

[richgit] 01/2/2017 11:26

sleveen

How long have you got ?

I have been involved with Gold related stocks for near 30years,and followed Gold
with a vengeance since $250.

Whilst this isn`t quite my usual type of Gold related stock I have rarely seen something quite so simplistic to take forward, currently without all the baggage of permissions -licencing-approvals etc etc,and the opportunity to create a doable
cash cow whilst we wait for Market sentiment to also improve.

My own view is that by 2019 we will see a Gold price somewhat beyond todays,and leave out the ifs and maybes some predict of over $3000.

But then there is a 10-20 year vacuum of new Gold Mines which will be a problem for the Majors that will at some point have to consider buying "Gold anything" to replace declining resources.


If this cash cow project comes to fruition then GEO will be able to fund an acceleration of drilling and compounding of its assets far beyond the drill costs.

I daresay if for any reason this new agenda does not fulfill immediate expectations
they may revert to plan A again.

If all goes to plan then I could envisage a fairly rapid uplift to 30MTs which may
suggest circa 500,000 ounces of Gold within the package deal.

Fairly rapid is relative to each individual`s time line,yet if the Market starts to appreciate each progression then the Company value increase whilst you wait
for the end game-which may (or not) be 70MTS with a plan to mine or sell to a
Mmajor.

I have been invested in many others in the years when sentiment was fairly better
and with the right Company/Management/Prospects,investors welcomed raising money to increase the riches of assets and multiply the value of their stock.

At the moment this a dream Company of simplicity and potentials to create a Company value far beyond the present valuation.


I think they will do it,and at current Market Value I sleep soundly with a patience
to see how they progress.

If it isn`t right for you- then there are plenty of others around in the risk/reward percentages game,so grab a few you like and sit back

IMHO.

[sleveen] 31/1/2017 17:03

6 Million ounces of GOLD- 28 Millions ounces of Silver etc etc.

can you give me a ckue as to the cost and number of years it will take to establish such a resource and how many placings GEO will do?

My guess 6yrs and $12m.

[richgit] 31/1/2017 10:41

irishlass2

This is what you have to focus upon and ignore the noise from some.

You will make your own judgement as time goes on as to whether they will achieve it.


"The strategic objectives of this staged exploration approach are to first develop an initial near-surface 1-2 Mt mineable resource to allow for near-term production cash flow, then expand this mineable resource to 3-5 Mt to lengthen mine life and cash flow, and then to test the full extent of this mineralised system at depth and away from its centre.
The full resource potential at KB is considered to be similar to the neighbouring Madneuli mine which has produced over 80 Mt of copper-gold and polymetallic ores."

[irishlass2] 31/1/2017 09:39

Thank you. I shall be buying more soon to start building a stake.

[richgit] 31/1/2017 09:19

It looks like some Investors have lost track of what GEO are doing.

At this point they are merely drilling to depths of around 10 metres to establish
shallow nearer surface resources that can be used in the simplest of production procedures
requiring minimal Capex

This should produce an intial 2-3 year cash cow funds injection far beyond the original plan.

The resource estimates are thus only from the shallow drilling to suit the initial project and of
course there could be plenty more at depth- but that is for another day.

Who can not want an explorer that may produce a healthy cash cow to help finance drilling
for the real dreams,until the Market is ready to finance such drilling
for the dreams (which will come).


6 Million ounces of GOLD- 28 Millions ounces of Silver etc etc.

They seem to be proving that the original Soviet assessments are correct + finding
some they missed.


I sniff around anything Gold with a good/believable story,like a dog on heat,
as I can imagine what is coming and how the Market created some thousand baggers and
more in the past...from atrocious sentiment to frenzy sentiment (for those stocks that provided the Gold dreams.

This is a veritable dream Stock so far and assuming they will achieve their targets
for the Cash cow, it will be a no brainer on risk/reward for a Company in the right
place with such awesome potentials.

Not for everyone,yet not to be overlooked when the World`s PI`s find out what
-certainly- Gold & Silver shortages will be around in the years to come, and it will be the some
of the current Micro-Caps that will find the Gold that the Majors will just say at some point
"name your price "


IMHO.