Georgian Min. Share Discussion Threads

[ryan83] 07/7/2016 17:45

Added a few million today. In a few months in sure some will be saying they wished they had bought more. In 12 months I'm sure of 0.5-1p area.

[yorgi] 07/7/2016 14:54

The fact that the placing was oversubscribed indicates to me that they will be far more likely to be people who are taking the long term view seeing the upside potential here over the coming months.

The view that people who take part in placings are only looking for a quick profit is often quite wrong from what I have learnt over the years. Sometimes yes but often this is not the case.

[noirua] 07/7/2016 14:09

The Placing Shares will rank pari passu in all respects with the existing ordinary shares of no par value in the capital of the Company. Application will be made to the London Stock Exchange for the Placing Shares to be admitted to trading on AIM ('Admission'). It is expected that Admission will become effective on or around 6 July 2016.

The Company is also pleased to announce that it has raised GBP1.1 million by way of an oversubscribed placing of 785,714,286 new ordinary shares of no par value in the capital of the Company ('the Placing Shares'), with new and existing shareholders, at a price of 0.14 pence per Placing Share ('the Placing').

Some will be tempted to take a 30% profit on the placing price. There are rare occasions when the opposite happens. NMGs cash raising was oversubscribed so some may want more shares.

[lovelyjubly1] 07/7/2016 14:07

decent buying again today but still three mm offering stock at 0.20,once that's clear we should move on.

[laptop15] 06/7/2016 18:56

Slowly moving up....but there is a placement aswell so all in all....going ok and once its announced the surface extraction miners has started.....boom!!

[edgein] 06/7/2016 12:07

A number of my goldies having a very good day today, shows that NMG really are under the radar or folks not realising just how close these guys are to first production. Really decent at surface grades too and proving up very substantial (Russian resources) Au and Cu at the moment. I guess once first production is announced we'll see some of the daily double digit rises of some of our other small cap peers.

Regards,
Ed.

[vivgav] 06/7/2016 10:34

Nice chart now

[ryan83] 05/7/2016 21:26

Yep still a few hoops to jump through but delivering step by step, drill by drill

[sleveen] 05/7/2016 20:20

yorgi

...
Once Greg Kuenzel announces that production has begun then I'm quite sure we will see a rise in interest NMG...

Agreed, but to really get the share price moving North an RNS financial agreement is needed first.

[ryan83] 05/7/2016 19:40

Yorgi what's your target say 3,6,12,18 months? I've been here with a large holding for ages. So happy about getting the DG mine. It was the main reason I bought all those months ago lol

[yorgi] 05/7/2016 15:15

Agreed Richgit and something will trigger that rise at some stage.

[richgit] 05/7/2016 15:12

There are obviously a lot of traders ducking and diving,and I suppose considering
how bad sentiment has been towards the sector that is understandable.


At some point sellers will find they simply cannot get back in at the price they sold at.and the longer they wait the worse the misery.

HOC and some others are good examples of how many never got back in at the lows
they sold at and then found themselves just watching the shares continually rising.


GLA

[ryan83] 05/7/2016 14:44

and the rest of the georgian asset

metal copper
volume 450,000
units tonnes
grade 1.3%
units grade
volume 991,800,000
units pounds
price/unit $2.2
units sold as pound
in situ value $2,181,960,000

metal gold
volume 900,000
units ounces
grade 1.1
units gram/tonne
volume 900,000
units ounces
price/unit $1,250.0
units sold as ounce
in situ value $1,125,000,000

metal silver
volume 20,000,000
units ounces
grade 23.7
units gram/tonne
volume 20,000,000
units ounces
price/unit $17.0
units sold as ounce
in situ value $340,000,000

metal lead
volume 22,000
units tonnes
grade 1.20%
units grade
volume 48,488,000
units pounds
price/unit $0.8
units sold as pound
in situ value $38,790,400

metal zinc
volume 52,000
units tonnes
grade 2.9%
units grade
volume 114,608,000
units pounds
price/unit $0.9
units sold as pound
in situ value $98,562,880

metal barite
volume 1,500,000
units tonnes
grade 27.0%
units grade
volume 1,500,000
units tonnes
price/unit $109.0
units sold as pound
in situ value $163,500,000

Total $3,947,813,280

[ryan83] 05/7/2016 14:34

A little look at DG Mine only

metal copper
Tonnage 3,200,000
units tonnes
grade 1.6%
units grade
recoverable 110,728,960
units pounds
price/unit $2.2
units sold as pound
in situ value $243,603,712

metal gold
Tonnage 3,200,000
units tonnes
grade 4.6
units gram/tonne
recoverable 523,005
units ounces
price/unit $1,250.0
units sold as ounce
in situ value $653,756,000

metal silver
Tonnage 3,200,000
units tonnes
grade 7.3
units gram/tonne
recoverable 824,608
units ounces
price/unit $17.0
units sold as ounce
in situ value $14,018,336

metal lead
Tonnage 3,200,000
units tonnes
grade 4.13%
units grade
recoverable 291,280,640
units pounds
price/unit $0.8
units sold as pound
in situ value $233,024,512

metal zinc
Tonnage 3,200,000
units tonnes
grade 4.7%
units grade
recoverable 331,481,600
units pounds
price/unit $0.9
units sold as pound
in situ value $285,074,176

Total $1,429,476,736

[yorgi] 05/7/2016 14:22

In the meantime we sail under many's radar !

[yorgi] 05/7/2016 14:12

Once Greg Kuenzel announces that production has begun then I'm quite sure we will see a rise in interest NMG and with it a corresponding rise in share price Those of us ahead of the rush and recognise the value have the chance to increase their holding at what in view is an undervalued company.

The POG continues to move in our favour as well.

[ryan83] 05/7/2016 14:02

its interesting that MARL asset (30% interest) is on the same geological belt at NMG.

MARL £60m market cap
NMG £7m market cap.

[ryan83] 05/7/2016 10:00

had more at 0.17. Why not eh, much less than the 70m buyer!

[yorgi] 04/7/2016 13:59

Yes Laptop it is a very encouraging interview I agree. I was very confident of NMG and have been for a long time and the interview has only added to that confidence.

Precisely Vivgav :-)

[vivgav] 04/7/2016 13:54

'Significantly over subscribed' he says

[laptop15] 04/7/2016 13:48

Just listened to that podcast Yorgi and it sounds like we are seriously onto a winner with plenty of news coming! Greg sounds very confident :)

[laptop15] 04/7/2016 13:32

Thanks for posting it up yorgi :))

[yorgi] 04/7/2016 13:21

This mornings interview with Greg Kuenzel following up on Friday's RNS



Placing "significantly oversubscribed"

Well worth listening to in my view.

[ryan83] 04/7/2016 12:11

lol, that £140k trade at the top of the trade range cannot be a sell. Thats a really daft thing to think. It may well take up a chunk of the flippers though. GLA