Share Name Share Symbol Market Type Share ISIN Share Description
Georgian Min. LSE:GEO London Ordinary Share VGG9688A1003 ORD NPV (DI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.275p +2.18% 12.90p 12.80p 13.00p 12.90p 12.625p 12.625p 91,298 14:47:58
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 0.0 -5.6 -9.9 - 14.78

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Date Time Title Posts
11/7/201708:15INTERVIEW: Georgian Mining Corp-
06/3/201712:11Georgia Mining Corp (formerly Noricum Gold)78
25/11/201513:00Invest in Georgia: Trust me...4
26/11/201420:58Geothermal Energy companies56

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Georgian Min. (GEO) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2018-02-19 16:14:2412.5539,9365,011.97O
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Georgian Min. Daily Update: Georgian Min. is listed in the Mining sector of the London Stock Exchange with ticker GEO. The last closing price for Georgian Min. was 12.63p.
Georgian Min. has a 4 week average price of 12.50p and a 12 week average price of 12.50p.
The 1 year high share price is 25.75p while the 1 year low share price is currently 9.25p.
There are currently 114,574,491 shares in issue and the average daily traded volume is 312,555 shares. The market capitalisation of Georgian Min. is £14,465,029.49.
arthy2: 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.
hobnob1: Have to agree with that. This at least shows that the project is moving ahead. This new hire looks like a pretty senior guy, and he wouldn't agree to join unless he believed the project has legs. Market cap of this stock is pretty low. Hopefully this will put a floor under the share price now.
shavian: Experienced COO appointed. Just what we need to get this kick-started. The drift in the share price is down to investor boredom imo. No news is...well..yawn.
hobnob1: David the price of gold from October 18th to today has fallen by just 1% (US$1,280 to $1,266), and, in the same period, the copper price (which is as relevant to this company as the gold price) has actually risen by more than 5%. So what are saying is absolute nonsense. You are also quoting the Shard report, and the company, by saying the future value of the company is based on a potentially huge expansion in the resource to 50mt, in which case the short-term gold and copper price aren't relevant anyway. Yet in this three month period of apparently wonderful prospects, the Georgian share price has virtually halved. Something is going on and no one is telling us. Does anyone know why investors are suddenly deserting this stock?
davidspringbank: Hobnob According to the chart on share prices, it looks like the share price peaked around 18 October. This was probably following an update to investors. The share price was falling before the Shard Capital report came out and continued to fall. So why was this? For the answer we need to consult the chart for gold which peaked out in September and has been in decline ever since.
hobnob1: If everything is so great and amazing, how come the share price has nearly halved over the last three months in the middle of a bull market? Shard report seemed pretty vague. There was no price target or anything.
timw3: Correct hence why i sold. Cash burn will mean another placing. Getting into production FFS like you promised earlier this year. Management know how to spin a story thats for sure. PJ1 was right all along. balance119 Dec '17 - 11:29 - 1061 of 1064 0 0 0 Thanks David, your report seems to be saying that there has been a change of plan and this whole early production thing using the nearby plant may not be happening after all. I am guessing this is why the share price has collapsed
tippow: With Copper set to explode i have Put together some info on #GEO which is well worth researching over the weekend. GEO has £4.5m in cash (enough to take them to production) and BOD have bought £100k's of shares in the open market previously so they are aligned with share holders. "Our twin objectives for 2017 are to report a 3 to 5 Mt copper and gold resource and to commence low cost production to be processed at our JV partner's neighbouring operations. We are on course to meet both objectives..." GEO are looking at proving up 50mt and it looks like that may well be blown out of the water as the resource looks much bigger then originally thought. 50mT at 1% gives 500,000 tonnes of copper. Copper at $3/lb = $6.62/kg=$6,620/tonne 6,620x500,000= $3.31 billion 50% ownership so that become $1.655 billion $=0.75£ $1.655billlion=£1.24 billion Lets assume a modest 50% recovery and a 25% profit margin. 1.24x0.5x0.25=£;155m Even with my ludicrously conservative assumptions and excluding the gold cap, this company is sitting on an asset at 5 x the current share price and production is likely to commenceg in the coming months. John Meyer,twice winner of the UK Smaller Mining Analyst of the Year. He picks Georgian as his top copper pick and describes GEO as "the next SOLG" SOLG market cap is £500m!! John Meyer, analyst at share price Angel, looks at his picks including Glencore, Rio Tinto, Georgian Mining and SolGold. 4.45mins in hxxps:// … … … … … … Also previous videos on GEO worth watching hxxps:// … … … … … … … hxxps:// … … … … … … … hxxps:// … … … … … … … hxxps:// … … … … … … … … … … … … … … This is what is being indicated by the BOD. "Although work to date has focused on three zones as separate areas, recent results suggest that they coalesce to form a large epithermal copper-gold system" Now that would be HUGE!!! "A large epithermal copper-gold system" GEO with its vast resources,no capex outlay for a mine,plenty of cash in hand Leading to a more or less debt free flying start to a rolling income equating to a minimum price target of 60pps+ based on available information with a million ton throughput for copper followed almost at the same time by gold? Is 60pps too conservative in view of the increasing copper and gold prices? we are awaiting in a strong news rich transformational period for the company and await results of the 28 assay results, JV production agreement, production starting date. The project is derisked now. It is going to be mined and no capex needed!! Remember the company have previously described their find as a "world class discovery" John Meyer also said in one of these interviews that " this will be in hundreds of millions if not more" Multibagger in the making here and all very close All thoughts are mine and helped by others posters snipets.
vesperdene: Sorry meant share price Angel. Not sure why it said share price angel lol... maybe my dreaming!
noirua: The last cash raising was in January 2016. £1m at an equivalent of 8p a share. Further fund raising should prove very easy. As the results from zone 2 are proving better than expected GEO may consider mining this before zone 1? Zone 1 copper results are not that good at 0.8% copper and efficiency is likely to be 75% to 80%. Being in The Republic of Georgia must be having an effect on the share price, like it or not. Interesting from hereon all the same. --- January 2016 - hTTps:// The funds raised will enable the Company to develop early stage production opportunities potentially as early as Q3 2016 from two starter pits identified at the Tsitel Sopeli and Kvemo Bolnisi project areas ('the Project Areas') located within the broader 861 sq km Bolnisi Copper-Gold Project in the Republic of Georgia. The Project Areas have been identified due to the presence of high-grade outcropping secondary quartzite gold mineralisation and the close proximity to the operating Madneuli and Sakdrisi mines and its associated heap leach operations, which are owned by the Company's local partner. Further announcements regarding the Company's production plans and targets will be made in due course. --- Noricum Gold NMG - Shard Market Eye - January 2016 - Go to link NMG Long article gives views on costs. Read the complete article as the following three paragraphs are a little out of context. The decision not to mine near surface gold has put production back up to 1 year. Cash costs to drill, blast and truck mined ore the few kilometres to the Madneuli processing plant is likely to be in the low tens of dollars per tonne. The ore will then be sold ‘at the mine gate’ to Madneuli, on the basis of grade, with an assumed recovery factor applied similar to that which the mine currently achieves, minus a small margin to cover the administrative and analytical costs. Somewhere around five percentage points on the ounce (so $50 on a $1,000 ounce) appears to be a reasonable assumption as a ‘handling charge’ in addition to the processing costs. Typical heap leach recoveries for quartzite-hosted gold are of the order of 70-80%, with cash costs of the order of US$500/oz. Taking these broad-strokes estimates into account and using $1,000/oz. gold price, an attributable margin of between $100-200 per contained oz. of gold in ore seems a reasonable earnings estimate. So revenue from each of these starter pits might be $10-20m pre-tax over two years. Not enough to provide substantial shareholder returns as cash dividends, but certainly enough to see significant capital growth and protect against dilution. The near-surface gold contained by the planned starter pits, may contain the company-estimated 100koz each, or may not. This will largely depend on the ultimate tonnage extracted, so right now it is impossible to say either way. However, the heap leach pads currently in operation at Madneuli are working at a profit on 1.5g/t contained gold from similar geology, so any compatible material that approaches or exceeds that grade will have a ready local market.
Georgian Min. share price data is direct from the London Stock Exchange
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