Georgian Mining Share Discussion Threads

[edgein] 28/11/2017 10:22

When it was rising from 16p there were days of up to 16m+, on many days from the end of August to 3rd of October volumes reglarly exceeded 1m and were often over 2m. To say otherwise is misleading. Volumes in the recent retrace have barely been over 500k. Therefore decline on small volume. The only days of over 2m since the downward trend were two flat trading days.

Regards,
Ed.

[bearbulls] 28/11/2017 10:16

my top up at 15.85 showing as a sell

[hiddendepths] 28/11/2017 09:32

Thanks Ed

FWIW the 15.85 trades are buys not sells as reported. One of them is my top up.

[edgein] 28/11/2017 09:27

HD,

Its been declining on really small volume since the recent highs. I doubt its anything to do with the placees, most likely still some profit taking from those that bought in early. I'm still significantly in profit here, but I'm more than content to wait for fair value to arrive and for KB to get significantly larger in the mean time.

Regards,
Ed.

[hiddendepths] 28/11/2017 09:22

Surprising to see it edge below the placing price. If it was placees selling, maybe they'll stop now?

[hallowed be thy name] 27/11/2017 14:39

Greatfull Dead

That looks a very dangerous assumption you have made there. How can you be so sure production will start in 2018? Have the Company confirmed that?

[bearbulls] 27/11/2017 13:43

I got enough shares now . lets see the share back to 20p+.

[iloveit] 27/11/2017 08:21

Was 26p recently...where is Greg with production?16p now and production to come investors may be on a nice bargain at this level.

[greatfull dead] 24/11/2017 09:15

This is a company that you need to play like Cool Hand Luke would. There are possible trips to avoid until production starts in 2018. Hold on firmly to your hand!

GLA,
GD

[bearbulls] 24/11/2017 08:26

Cheap at this price. It should start to move back to 20+. massive copper and gold resource. awaiting on the next upgrade and a new discovery.

[shavian] 24/11/2017 08:06

How profound Noira.I'm adding a few before it takes off.

[noirua] 23/11/2017 17:20

Production of gold ore for delivery is over 1 year late now. Drilling and drilling starts to become boring to shareholders if gold results continue much the same but no gold bars produced as yet. They need gold values at 1.2% Au really with low efficiency likely to reduce this to around 1 gramme per tonne.

If copper gold ore does end up delivered from the mine gate next year then everything should change for the better. However, further delays to the first half of 2019 would look like procrastination. The 'thief of time' is really the 'thief of share value'.

[edgein] 23/11/2017 12:54

HD,

Definitely, already up to 5Mt of gold and copper, just waiting to see where this gets upgraded to next. One of the last updates was about an additional gold discovery of 62m from 2m. The more they drill the bigger it gets.

Regards,
Ed.

[hiddendepths] 23/11/2017 12:39

16p being the placing price of course. Plenty of success since then even if the proof of concept production has slipped back.

[napoleon 14th] 23/11/2017 12:34

Waiting to see if this reaches 16p before adding.
Seem like this is nearing a support area.

[hiddendepths] 23/11/2017 11:10

Toe in the water. May well add.

[hiddendepths] 23/11/2017 10:50

When is good news bad news?

When it's the wrong good news!

Suits me - I'm looking to take a position (long term) for the first time.

[microscope] 23/11/2017 10:32

When not if. That's fine by me. let the traders tade, the rest of us will sit back and enjoy the benefits. This looks set to be one of 2018's biggest winners

[greatfull dead] 23/11/2017 09:42

Regards actual mining. Schedules slip in many exploration industries. Mining is one. I personally am not bothered that no mining has taken place in Georgia yet by GEO. I am well prepared to wait for 2018. If you want to make a few bucks then by all means trade GEO. Me I am sitting tight. If the opportunity presents itself and I have spare cash I will buy more at these low prices. I would be a fool not to.


ATB,
GD

[edgein] 23/11/2017 09:17

Noricum gold became GEO you'll find, that acquisition of all those Russian resources and drilling results since have just shown what a management team we have here. The assets are significant and if they keep doing what they've been doing on the other 14 gold, copper and polymetal targets likely world class. I don't remember you posting from the Noricum gold days, that's good then you'll be aware of the progress made to date.

Regards,
Ed.

[pj 1] 23/11/2017 09:03

SOLG were not NMG complete with 'previous' were they?

[edgein] 23/11/2017 08:47

PJ1,

I know what you mean, it took SOLG many years and much lower grades, much deeper, to hit £500m cap and look at their production.

Regards,
Ed.

[shavian] 23/11/2017 08:44

Tim and PJ1: Please keep on talking the price down, it suits some of us very nicely, thank you.

[pj 1] 23/11/2017 08:22

Edgein

The Company gave me more than one assurance that production would be in 2017. One of those assurances was face to face. It was a definite.

If the Company cannot do what it basically says it will do then that begs other questions imo.

If GEO have to develop their own processing Plant then this is dead in the water for many years.

[edgein] 23/11/2017 08:17

GD,

A lot to take in and its passing right over many. Its of course all about production here for some, similar to SOLG. :)

Regards,
Ed.