Georgian Mining Share Discussion Threads

[swerves1] 05/6/2019 11:01

I estimate they're going through about £100k per month at present on expenses and costs. So after all the costs of the Placing are paid for, and the 2 weeks since, there probably is no more than £200k left in the kitty now.

So the permit needs to come soon, or they have another plan, before this money runs out too?

[bspgamer] 05/6/2019 08:54

Something sinister is going on here and I am digging deeper.

[swerves1] 05/6/2019 08:25

What I don't understand is this:
The owner of the JV partner CMG is part of the RMG Group, which is owned by 2 Russian billionaires. So why did they need GEO as a partner and not go it alone instead, with having so rich owners? Or how did GEO happen to get involved in this?
Just maybe, those Russian owners and the person who in reality controls Georgia now (who made his money in Russia too) have some history between them going back to their Russian days? This could be a reason for the permit holdup, who knows!
Or what else could be holding it up??

[swerves1] 04/6/2019 16:03

I think the Russian JV partner would play hard ball with this idea! They really want the GEO prospective assets for their own mining facilities nearby.

[seanlander] 04/6/2019 13:30

It would be nice to hear from the bods to clarify what their plan is now. I'm sure their business plan must have changed since October with their failed permit approval. Perhaps we are looking at a heavyweight partner now to buy out the Russian half and clear the path to permit approval?That's what I'd do anyway..All speculation but if we can clear this hurdle there are some enormous possibilities within this company.

[swerves1] 03/6/2019 21:26

Davidspringbank - I see you've been here a long time and accumulated quite a lot of shares!
I'm also convinced that they have great mining assets to be developed. BUT without any permit, these will not be of value to GEO and the company will not have income!
My main worry now is if there is a political problem between the Russian owners of the JV partner and the very top of the Government? I really think this is the issue. But if it is not resolved soon, then I can't see how the company will be able to continue. Maybe the Government do not want to resolve it because they have other motives for this!
I hope this is not the case though, because with a permit this has huge potential.
What is your opinion of the situation now, and what you think will happen?

[davidspringbank] 03/6/2019 18:07

I'm still here,I haven't sold a thing and don't intend to.

[bspgamer] 03/6/2019 09:58

Buys on the NEX

[swerves1] 01/6/2019 14:18

Those 4 late 250k trades yesterday look all buys. So maybe something is happening?

[swerves1] 31/5/2019 13:49

And permit getting closer maybe?

[saracen3] 31/5/2019 13:37

Bears getting squeezed now. OUCH

[5trelok] 30/5/2019 17:05

I see some "shrewdies" bought in today! lol

All very well but whence will the "churn" come?

The answer is it won't.

No PI would touch this with a bargepole







5t

[bspgamer] 30/5/2019 11:10

Tell me moe trelok?

[5trelok] 30/5/2019 09:27

Down another 6%

So said, so done

Stay tuned for more truthful posts







5t

[5trelok] 29/5/2019 17:01

Another new low of 1.65

That'll look like a good price by this time tomorrow!!!









5t

[sleveen] 29/5/2019 16:41

Everyone must realise by now that the keep the lights on placing isn't enough.

GEO = Get Everyone Out

[5trelok] 29/5/2019 13:57

Excellent post on lse yesterday:


"mannnan
Posts: 47,050
Premium Chat Member
Opinion: No Opinion
Price: 1.70

Sub 1 Tue 14:37

Not too far"



5t

[5trelok] 28/5/2019 10:14

That eleventh hour transfusion of £380k makes me wonder...

Are any other institutions at risk if this corpse expires?

As I said before, it's a truly absorbing case study...lol






5t

[5trelok] 28/5/2019 09:18

Another fresh low!!!



1.90!!!








lol





5t

[saracen3] 26/5/2019 17:03

Good to see people are short of shares and have to buy back. Hence the negative malicious inaccurate posts.