Georgian Mining Share Discussion Threads

[arthy2] 07/2/2018 11:31

I'm heavily invested here,I believe the prospects are fantastic, but the poor communication and vague promises by the management have tainted this share for me and I am beginning to feel trapped.
We were led to believe we were near mining, subject to signing agreements. I forget what year.This didn't happen.
Then it looked like we were proving it up for 12 months ( to possibly sell) Although not what we were expecting, we came to terms with that.
Then told, we are now going to mine again. Might let you know when, sometime in the future.
We can handle bad or disappointing news but no one can handle NO news. Hence the extremely poor share price (halved) since September.

Our MD Greg Kuenzel has only 347,467 shares in Georgian.

As an executive of Bluejay mining he has over 36 MILLION shares.

The share price of Georgian should be at least double that of Bluejay,

Based on the current situation of both companies, it appears pretty obvious where the commitment lies.

Maybe I'm doing him an injustice. But from the way the shareholders have been so poorly treated to date, and the share price left to slide so unnecessarily, I don't think so.

[rampair] 06/2/2018 17:24

It’s that long drill isn’t it .....that every time you think s*d it, you think ..how many metres?, also agree completely about the Russian comment. Best one was RUSP in 2008 a pref paying 12% that crashed, it was cumulative and never missed a payment.

I hope that this negotiation proves fruitful, I want a fair crack at it, I’d prefer
51% I know we have Op Control but for goodness sake I hope all this time means what comes out is watertight.

Will buy if offered even more compelling prices but hold a reasonable bit at this level.

Good luck us.
R.

[sclper] 06/2/2018 17:10

I thought the research note was well written and fairly objective

[pugugly] 06/2/2018 16:41

seagreen - I rather thought that was the case but so are many of the smaller shops.

[seagreen] 06/2/2018 15:46

fwiw shard is a bucket shop..... just for future ref

[pugugly] 06/2/2018 15:10

microscope - Could not agree more - Hence I need and demand a massive discount to appaarent nav before risking capital - Been sideswiped by the Russian bear or its associated cubs too often - Many times burnt, very many times more careful - Agreed the reported grades look eyewatering but appear possibly lenticular hence my post above about questioning how much spoil required to extract the commercial ore. No real answere yet and not apparent - so far as I can see from the Shard research

[noirua] 06/2/2018 15:05

Nice opportunity to pick up shares at 12.75p and 13p.

[sclper] 06/2/2018 14:54

Bounce coming.
Sleeven - GEO are very well funded, there certainly won't be a placing anytime soon.

[sleveen] 06/2/2018 14:51

Today's fall has been accelerated by the the DJIA, it's likely that the share price fall would have happened anyway.

I expect it to continue to until the financing news is released. Lets hope there's no placing required.

[sclper] 06/2/2018 14:13

Anyone selling now will be kicking themselves when news lands. Just to remind ourselves of what's coming next:

"Georgian Mining Corporation announces that it is in the final stages of negotiation with Caucasian Mining Group, its 50% partner in Georgian Copper & Gold JSC ('GCG'), in relation to the 2018 exploration and development programme within the 860 sq km licence on the Tethyan Belt in Georgia.



The negiotiations have been expanded over the past weeks to include a comprehensive business plan, work programmes, the strengthening of the board of GCG as well as the framework agreement to develop and exploit the gold oxide production target at Kvemo Bolnisi East.



It is expected that the final agreements will be completed in early 2018 and a detailed announcement will follow."

[microscope] 06/2/2018 14:08

Haha pug, show me a mining company without some potential political backdrop and i'll show you back to back Italian grand Slams... :))

The right management (now) in the right areas of gold and copper to withstand any bear market and with eyewatering resources, the only requirement now being patience. Happy to hold through the tough times to reap the ultimately huge likely rewards. All imho of course :)

[greatfull dead] 06/2/2018 10:32

Is it just a blip or doom an gloom again. I have no idea on where the markets are going......



GLA,
GD

[rampair] 06/2/2018 08:25

It’s not been the Worlds quickest negotiation. I’d get any production up and running
- this drop will concentrate the minds though hopefully.

[ssrover] 06/2/2018 07:55

this is going back to 8-9p without any production.

management here have been shocking!

[rampair] 06/2/2018 02:09

Copper up 1.8%, Gold 0.01% up so, if these stocks fall, they drop into bargain territory provided we get a decent deal knocked out - this sell off should concentrate
the minds....

R.

[yasharsad] 06/2/2018 00:55

There will be a blood bath on Tuesday morning. Lets see how gold will do during times ahead.

[noirua] 05/2/2018 23:25

Gold and copper prices remain steady and as the Aussie Markets, Hong Kong and China open it will be interesting to see how everything goes by 8.00am on Tuesday morning in London.

The DOW 40 was telegraphed as over bought and a slide is very much expected, Bitcoin also. Interesting times ahead and we'll see if those of us who invested in the small cap mining sector and new gold backed cryptos were right or not.

[pugugly] 05/2/2018 21:47

Dow now down 4.6% - GEO is I suspect far more of a political play than most have taken into account - Our joint venture partner is I understand Russian owned (If I am wrong here can someone please correct me) and any Russian participation can be high risk if fall out of favour with or cross Putin or Trump.

[microscope] 05/2/2018 21:30

In a bear market (not saying we are in one at the moment, but this sort of volatility historically presages the start of one) gold is traditionally a 'safe haven' though after days like this, everything usually takes a bath.
At one point the Dow dropped about 500 points in 15 minutes, then recovered it all (margin calls, most likely). It actually hit almost 1,600 (6%) down on the day during that few minutes.

I thought that London as a whole was fairly controlled in its response today to Dow's 665 point loss on Friday. Suspect tomorrow will be less measured!

[rampair] 05/2/2018 17:07

How reliable has the Soviet data been in the past? Do we have any comparable data
because the numbers are very high! I don’t have extensive knowledge of the company but do own some shares after a short bit of work on the Website etc. Mainly because it had
Copper and Gold in a copper bull run! I hope to dig deeper, to see if a bigger investment is warranted.
The share price has obliged by dropping!

R.

[rampair] 05/2/2018 14:10

Thank you Noirua, very helpful, I shall read and digest.

R.

[noirua] 05/2/2018 13:25

David Garedji History below as some doubt was thrown on this by a previous post.



During the 1940s and 1950s exploration consisted of 2.6 km of underground development exposed barite-silver and gold - polymetallic mineralisation. 140 diamond drill holes for a total of 16,255m and more than 6,000 cubic metres of surface trenching was also completed. Exploration was limited to only a small portion of the mineralised structure at David Garedji.

The initial focus was on barite-silver exploration resulting in a combined open pittable C1 & C2 Soviet resource of 11 million ounces of silver at an average grade of 1 ounce Ag per tonne and a further 2.3 million tonnes of barite at an average grade of 20% Ba.

This resource was found within an area of only 300m by 400m. A further 3.2 km of underground development and 8,885m of diamond drilling was completed to test for gold-base metal mineralisation beneath the barite-silver ores.

A Soviet resource in all categories (C1, C2 & P1) has been estimated of 3.2Mt at 4.63g/t Au, 7.3g/t Ag, 1.57% Cu, 4.13% Pb and 4.7% Zn for an initial 460,000oz Au, 740,000oz Ag, 50,000t Cu, 130,000t Pb and 150,000t Zn.
This resource relates to a limited area of exploration coverage and the mineralisation extends both to the northeast and south of these underground workings.

Within this initial area of exploration completed by previous Soviet expeditions, a total of 30 zones termed "ore-bearing" were identified with peak mineralised widths of 23m and grades as high as 55g/t Au, 253g/t Ag, 21% Cu, 28% Pb and 35% Zn.
Nine of these zones are classified as high gold grade zones with grades typically ranging from 3.3 to 14.4g/t Au.




---

Caucasian Mining Group

[noirua] 03/2/2018 02:10

Hopefully GEO are just taking their time and getting everything worked out in a professional manner and carrying on regardless.