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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Georgian Min. | NMG | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 9.50 | 00:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 9.50 | 9.50 |
| Top Posts |
|---|
Posted at 09/10/2016 12:31 by noirua 604 - Noricum Gold / Georgian Mining Corporation and Chris Bailey on easyJetGreg Kuenzel, Managing Director of Noricum Gold #NMG soon to be the Georgian Mining Corporation #GEO answers private investor questions. ______ Greg Kuenzel reminded me of a situation I was in many years ago. These people kept asking me questions I did not want to be asked and would not ask me any I wanted to be asked. So it was a situation of waffling away and everyone knowing that was what I was doing. Fortunately, rescued by the Chairman as time ran out. He new didn't he, that the share price crashed because of delay in delivering ore and drilling costs, overheads etc., eating away at the cash. Even when ore is delivered it will take some time before cash rolls in and wages, fuel and hire costs will be a problem. What now, cash raising and who from. It will most likely be a discounted share price to raise at least $1 million more. Is there a way out? - , as said before, bring in another party to take a stake and fund part of the cost. There is only one truth, it's the whole truth. Shareholders have doubts about what was said by dithering Greg Kuenzel, in this podcast, and don't quite buy the non-delivery of surface ore as there is better copper/gold deeper. The shareprice plunged further... --- The real spread is very wide as MMs are defensive - shares might still be worth 30p or much less on a big delay to reap the cash. Copper at 0.5% - 1% and gold at 0.5 grammes to 5 grammes per tonne was said but not as confidently and excitedly as one might have expected. Maybe the new results promised in the next few weeks, few means 2 or maybe 3, may bring in exciting results. Perhaps Greg was just caught out by the questions or a cold or influenza was coming on - OK Greg, we just wait for great results from drilling in the next few weeks and the shareprice up to 20p or indeed more. |
Posted at 30/9/2016 08:42 by richgit sleveenWith such Gold shortages in the future then even Fools Gold will be in demand(lol) ,yet those that have undeniable resources of the real thing will not be overlooked as most certainly China assumedly being welcomed On October 1, for the first time in 43 years, by the IMF to add China’s currency, the Renminbi (denominated in yuan), into its Special Drawing Rights basket (SDR). Which means that China will most certainly keep increasing its Gold Holdings ,whilst its own Gold in the ground Resources are declining fast. I cannot Guarantee that NMG will rise by many multiples over the time to come ,yet I would hate to look back in anger at the stock I never had, so I have added.proportionatel |
Posted at 10/9/2016 12:14 by noirua May need to be patient if NMG decide to rule out mining until 2017 in favour of gold and copper mining from deeper levels.Still waiting for results of drilling at Tsitel, Bolnisi and outcome of the David Garadji non-binding agreement. Still some further drilling results to come for Kvemo Bolnisi. Like HUMmingbird and Jubilee Mining, Noricum are looking to 2017 for production and cash rolling in. Accepting that Jubilee are partly mining Chromium and waiting for a mining lease and Hummingbird are an end of 2017 mining venture and like Noricum have takeover prospects. All worth double their present market price but the market hates waiting for key production to have a proven start. Unfortunately, nothing in the hand and all the birds hidden in the bush. |
Posted at 08/9/2016 08:40 by edgein Interesting posts guys. Also worth noting is that Dr O'Brien was buying some NMG before joining the board:"Neil currently has an existing interest in 140,000,000 ordinary shares of no par value in the Company, which represents 2.92% of the issued share capital. Dr O'Brien also holds options over 30,000,000 new ordinary shares in Noricum Gold which are exercisable at a price of 0.14p per share and expire on 20 July 2021." So he has an interest in seeing these Georgian projects do well. Great to have someone of his experience and stature at Lundin on the board to see these large resources turned into cash. Regards, Ed. |
Posted at 06/9/2016 09:08 by ryan83 Dr. Neil O'Brien is the Senior Vice President, Exploration & New Business Development of Toronto/Stockholm-liMartyn Churchouse is ex Lundin. He left them to join NMG with the Georgia asset acquisition. Lundin had the option of Georgia JV fpr $6m or another acquisition for hundreds of millions. They chose the larger buy so not to confuse the shareholders. Martyn left Lundin to join NMG when they stepped up took the JV instead. There is a gentlemans agreement for Lundin to have first refusal on a buy out. So now Lundin SVP jions NMG as non exec. Ducks lining up here |
Posted at 17/8/2016 13:49 by noirua Unless NMG do another about turn it looks as if gold bearing ore will not be delivered in the 3rd quarter of 2016, as promised several times. It means moving to copper gold ore deliveries at some stage that should be clarified by the end of August, however, MD Greg Kuenzel is known to deliver updates a bit later than forecast. |
Posted at 17/8/2016 08:35 by richgit It is the Summer doldrums,and overall the vast majority are not looking at Gold,and of those that do,there is still a belief they can sell and get back in cheaper with most Gold related stocks.They have missed the stocks where there is already no chance of getting back in cheaper than when they were selling for their comparative 0. As some of the Major producers start their more realistic re-valuations and gradually start their heading towards the stratosphere,all else will eventually become a comparative of accepted valuations until the days of 2 shovels and merely a Gold target are valued at £25- £50 Million +. For those that will eventually flock to London listed Goldies,I look at the list of what could be "the last Men standing" as some have been snapped up by predators in opportunism.or consolidation.(AMARA From the revalued Major producers down to the Junior producers,and then the "what ifs" In the last men standing We have the likes of HUM,and the likes of totally unloved CGH with its circa 7 Million ounces,leading down to the likes of microcaps like OTC,NMG,etc. In 30 years of following Gold and Gold stocks I have never witnessed such undervalue for those with arguably "the potential" of producing the only real Money around. I have certainly never witnessed 7 Million believable ounces being valued at petty cash regardless of Market sentiment,considerin Hindsight will tell us all "which were the last Men standing"and of course "The last men standing" will have hordes of investors flocking to them. Hopefully there will be years ahead of new investors entering that guessing game,and whether we witness the new Dot-Com Gold era akin to Baltimore,Knutsford group,Last minute Dot-Com etc etc is a possibility in the next couple of years. I wonder which will be the "Last Man Standing" and "name your price" Merely my own observation. |
Posted at 16/8/2016 11:33 by noirua Doc Holiday - 14 Aug, share price Angel - The events over recent weeks and months has taken Greg and the technical team back out to country (as we speak) to further advance and interpret the data.The complexity of the potential (400,000oz) resource is pretty straight forward, it’s open pit mining into the hillside or bank on an acreage of land. They believe the original small (modest) known cap of gold which will delver a few thousand oz’s is a contingent should the bigger development stumble across problems.- 11th August, Guardian Stockbrokers - 11th August, Zak’s 3 Stocks in 3 Minutes Today Are: #NMG #CMCL #VAL - 11th August & Noricum Gold Ltd (DI)-Significantly Increases Size of Au & Cu Target - 11th August: |
Posted at 05/7/2016 13:02 by ryan83 its interesting that MARL asset (30% interest) is on the same geological belt at NMG.MARL £60m market cap NMG £7m market cap. |
Posted at 03/7/2016 04:03 by ryan83 From Shard Market Eye on 30th January 2016Typical 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. So now add the copper starter pit and the DG mine which has grades 4 times that of the bolnisingold starter pits and gold prices at over $1200 per ounce. This has the potential to have three gold pits and a copper pit in production, the first in production in the matter of weeks and a new pit every couple of months. NMG could we'll be churning $5m per year per starter pit. The two initial starter pits scheduled for two years however there is over 500k oz just at kvelmo to stab at. This is all surface / near surface and will expand the production area so as NMG go along the resource will be expanded etc. therefore I see huge upside here and churning $20m annually for a good while. The huge resources and now the high grade DG mine means NMG imo could be a ten bagger from here over time. I have a 0.5-1p target by year end. Gl |
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