Georgian Mining Share Discussion Threads

[edgein] 21/10/2016 09:56

I guess once they announce the new mine plan, now that KB is the focus asset of choice they'll start production. they're still maintaining their low cost per ounce which is very +ve over the longer term. As the high grade gold at this site is at surface then it'll be the first to go even if the pit design incorporates these underlying high grade coper zones. The price should certainly start to respond as it did previously once they get a timeline to production.

Regards,
Ed.

[yorgi] 20/10/2016 14:02

Considering the great RNS this morning and following rise the BB has been very quiet considering.

Whether we are still under a lot of investors radar or people not convinced I have no idea but I thought the RNS added to some of our views that we are well undervalued at this level.

[edgein] 20/10/2016 08:48

Interesting, there seems to be quite a bit of copper just below the high grade gold mineralisation and being just 7km from the capacity at the plant is very good for the low cost production they described previously. Hopefully they'll get a mine design sorted once they get in all this shallow drill result assays.

Regards,
Ed.

[sclper] 20/10/2016 08:41

This is only the start, it's just recovering from a very low level. Imagine how much they'll be worth when production begins. Certainly has the potential to be a multibagger from here.

[yorgi] 20/10/2016 08:36

Responding accordingly now :-)

[sclper] 20/10/2016 08:11

They are already planning getting the larger resource into production as the 50% owner needs the ore for his mine as production will be more efficient/profitable if the plant is operating near design capacity

[scotty666] 20/10/2016 08:06

these fell from equivalent of 20p on the decision to delay the small scale operaton, this shoudl vindicate in part that decision and see us moving back to a reasonsbale valuation

[phoenix equity] 20/10/2016 08:06

Finish at 15p

[sclper] 20/10/2016 07:44

Looks like insiders were buying yesterday ahead of the excellent RNS today

[yorgi] 20/10/2016 07:25

Very good news 😊

[mac the knife1] 20/10/2016 07:14

Well this is good news.http://www.rns-pdf.londonstockexchange.com/rns/9991M_-2016-10-19.pdf

[yorgi] 19/10/2016 15:56

The market clearly wants a something more from the company before before it is going to attribute a higher market cap to us for the time being.

[yorgi] 19/10/2016 14:59

I agree it does look very cheap at this level Noirua but only time will tell.

[noirua] 19/10/2016 11:56

Very difficult to quite see how it is with GEO and all is on further announcements from now and the next few weeks. Looks very cheap at 0.9p but a pure gamble on a number of anns to come - looks at floor level, but up to you.

Charts will be updated fairly soon.

[noirua] 19/10/2016 11:11

NEW FUNDING FOR CLEARANCE IN GEORGIA - By The HALO Trust | 10th March 2016 | Georgia


Fig. 2. Ancient mine working (IV-III c. BC) – David Garedji, Bolnisi area
- page 250

[parsons4] 19/10/2016 11:01

I hope the purchase this morning was by someone in the know !!!!

[richgit] 15/10/2016 13:53

As the Gold discount in India is vapourising,Gold&;Silver eagles are being plundered
(JP Morgan !?).

The Big 4 shorts in PAPER Gold & Silver have reduced their obscene shorts and whilst they still control an obscenity of huge % of
overall shorts we will no doubt know in the next few weeks if in particular JP Morgan lets its gofer shorters in Silver -burn !!.

We will also know if War Monger, bought and owned by the War Mongers,Clinton-is President as the War machine elite will not allow Trump to succeed.

If so- there is little doubt We will all hide under the Bed as She will push this
most stupid and dangerous game of chicken in History -against Russia and China- into some War that potentially the US
would have to fall back on Nukes to possibly win.

Just a false flag creation of arranging for the shooting down of a UK Fighter plane (or other )and blaming it on Russia is all it will take in Syria.

[parsons4] 14/10/2016 13:43

This fall is on very low volume and no news (while hard negotiations go on in the background) has created a great buying opportunity IMHO. I for one have rounded up my holding this morning !!!!

[noirua] 14/10/2016 00:36

Georgia: What’s Worth More – Gold or Knowledge about Human Origins?



Sakdrisi is in the Kvemo Kartkli region.


Gold ranks as one of Georgia’s top 10 exports, bringing in $35.52 million in 2013, or 2.9 percent of the country’s total export earnings. That financial power has made for chummy, and often murky ties among mining executives and Georgian government officials. An earlier tussle over Sakdrisi’s status is fueling worries among opponents that the government will approve RMG’s petition.

--

From 2004 to 2011, a group of Georgian and German scientists carried out large-scale investigations and dated the site to the early 3rd millennium BC or to the second half of the 4th millennium, suggesting that Sakdrisi might be one of the world's oldest known gold mines.[3] In 2013, the government of Georgia deprived the site of a cultural monument status, which had been conferred on it in 2006, and gave permission to the mining company RMG to extract gold in the wider area where Sakdrisi is located, sparking protests from academics and preservationists.[1][4][5][6] RMG launched its works until December 2014, leading to more protests from the political opposition parties and preservationists. It was also condemned by the Georgian Orthodox Church and disapproved by President Giorgi Margvelashvili, but defended by Prime Minister Irakli Garibashvili. On 25 December 2014, the Parliament of Georgia approved a proposal to establish an ad hoc investigative parliamentary commission to probe into the developments around Sakdrisi,[7][8] but, on 4 March 2015, the ruling Georgian Dream coalition blocked the probe by refusing to vote for a composition of the commission.[9]

[iloveit] 12/10/2016 12:45

"Consolidations never work for shareholders"Yes they Do! Take a look at WGP tripled since under good managment.This is what GEO is doing Greg knows this and get the feeling it's ready to fly up ?

[mostyn] 12/10/2016 11:28

Recent announcements haven't done any favours to GK either. On July 20th he was issued with 100,000,000 options at 0.14p. I assume that's now 1,000,000 at 14p so under water.

[the stigologist] 12/10/2016 10:41

Consolidations never work for shareholders

Just a way for Management to reset the share price so they can start new round of dilution

[richgit] 12/10/2016 10:35

Will some of those that are today valued as "microcaps" end up with the Gold
resources the Majors will clamour for !?


When the day comes that the Majors are in panic along with their shareholders screaming for "more"is the day some
patiently await in the numbers game of spreaed risk/reward of holding some chosen Microcaps - that may not stay so overlooked......


Mr Randgold reminds us -


"Just to keep the industry supplied, he estimates that it will require the discovery of 90-million
new ounces a year, and to reverse the grade deterioration 180-million ounces a year will need to be discovered.

However, current discovery levels are at a fraction of what is required,
in the range of 10-million ounces to 15-million ounces a year. "


The above is a warning of an immense problem coming for those around the
World that are taking Financial mayhem insurance in Physical Gold .

I think the Investing Community has their head in the sand with regards to what
is eventually coming in the explosion of value of Gold in the ground far ahead
of the days Gold soars.- as many don`t need Gold at $1900 or $10,000 as $1200
would be a nice place to be for many,yet Investors are blinkered to that fact.


When sentiment changes (faced with the reality)it could change fast and ferociously as Investors eventually scream for and applaud "more"



Anyway-that`s the general idea IMHO