Georgian Min. Share Discussion Threads

[laptop15] 04/10/2016 15:26

Anyone sniff a takeover on the cards??

[laptop15] 04/10/2016 13:01

Geez guys share price getting trashed here....will there be a good surprise to the market??

[dudishes] 04/10/2016 05:28

Warned you N, smells of Minmet.

[scotty666] 03/10/2016 21:30

9p bid & 10p offer.
Good luck

[fanramptastic mate] 03/10/2016 20:06

post consolidation ... DOWN 20%

fanny

[fanramptastic mate] 03/10/2016 20:03

post consolidation ... DOWN 20%

fanny

[the stigologist] 03/10/2016 19:52

Extraordinarily cynical of management to do a consolidation now as they will seek to reset the price for next rounds of confetti

[dandadandan] 03/10/2016 19:01

Post Consolidation, the number of New Ordinary Shares is expected to be 47,924,853. The first day for dealing in the New Ordinary Shares on AIM is expected to be 6th October 2016.
So the current share price should start life at around 10p.

Any guesses on this share price on the morning of the 7th.

Will it drop or rise?

It looks to me that the Market thinks it may drop as the BoD may issue more New Ordinary shares to raise that much needed capital?
Offering these at a possible 50% discount to your Institutional Investor friends?
(Has the deal been done?).

A great life but not for the PI.

Be watchful and careful, IMO.

Still waiting for news.....

GLA.

[dandadandan] 03/10/2016 08:30

It looks like the market thinks that this consolidation will result in further dilution for fund raising. Down it will go until that news is issued.

It is easier to dilute a share share price that is 100 times higher.
Then issue some more confetti shares.


News due but will we have to wait for GEO on the 6th?

GLA.

[noirua] 30/9/2016 23:19

This might be one of those opportunities that allowed us to add a few shares and not have to look back later wondering how that chance was missed. The company is higher risk now on the funding front with a greater gold copper fast tracked delivery phase pending.

[dandadandan] 30/9/2016 13:43

It looks like someone is in a buying mood.
It dipped too far, possibly?

GLA

[richgit] 30/9/2016 08:42

sleveen

With 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.proportionately in the numbers game

[sleveen] 30/9/2016 08:18

...to keep the industry alive...

are some of the companies worth keeping alive.

[richgit] 30/9/2016 08:15

As the Randgold Boss 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"




" The significant discovery has resulted in the Company refocusing its efforts on expanding the resource development programme to incorporate new styles of mineralisation with a view to developing a much larger deposit with potential to far exceed previous estimates

-- Noricum has set the initial exploration target at between 50 and 70mt @ grades between 0.30% Cu and 1.00% Cu and 0.1 to 1 g/t Au for copper sulphide mineralisation and 0.5 to 5 g/t Au for oxide gold resources given the proximity to the Madnueli Deposit and the similarities in the geology observed there and at the Kvemo Bolnisi Project

-- Up until this recent discovery, the Company was focused on bringing a small gold-bearing oxide target to production; however in light of the new discovery a staged production of gold and copper has been assessed as being much more value accretive, much more cost effective and will avoid compromising the now larger target

-- The Company will therefore continue to drill and explore Kvemo Bolnisi East and surrounding area to further enhance its value

Production and Processing

-- MoU signed with RMG, whereby RMG will mine and or process ore generated by Noricum Gold, subject to certain conditions, via existing processing infrastructure owned and operated by RMG

-- Subject to final agreement with RMG, the targeted cost for contract mining and processing is less than $600 per ounce assuming an average grade of 1 g/t Au for heap leachable gold-bearing ores

-- These costs will reduce if the average grade increases above 1 g/t Au

-- Low costs, along with access to existing processing facilities and equipment, significantly reduces capital expenditure needs and timeframes and make it possible to evaluate a range of resource types with different combinations of grade and tonnage that might otherwise be considered either too small or sub-economic "



Needless to say-yet obviously when ears are deaf....

If Management are correct- then this Company is going places along with its
Micro-Cap valuation


Risk/reward in the percentage game of owning a few such stocks.

IMHO

[dandadandan] 30/9/2016 08:04

Does this share price consolidation really mean - this company share price cannot go much lower, so consolidate and watch out for future share price dilution?

The market has seen it all before.

Where is the GEO good news Greg?
Spell it out in an Q & A webcast.....

It must be time to 'end the journey and arrive'.......

GLA.

[parsons4] 30/9/2016 06:35

I did some bottom fishing yesterday (a bit too early but hey ho !!). This really does look cheap now. It looks like things are beginning to heat up in the banking sector so GOLD should start to move up. This company may need to raise funds, the last fundraising was at .08p and there has only been good news sinse then. FAR TOO CHEAP imho of course !!

[noirua] 29/9/2016 23:33

METALS-Lead hits 16-month high on tighter supply, nickel retreats - 29/09/16 20:51


Three-month lead on the London Metal Exchange CMPB3 rose 0.9 percent to $2,015 a tonne by 1024 GMT. The metal hit $2,023 earlier, its strongest since May 2015, extending gains seen in the previous session, when rising oil prices also lent support.

[red army] 29/9/2016 10:33

I know a few General Managers that run bigger operations than this ie £4m market cap.and run them a lot better.

[scotty666] 29/9/2016 08:54

I took 7.5M a shade over 0.1, all being well I shouldnt join them on the street sweeping in 12 months time :)

[noirua] 29/9/2016 08:54

The Directors have resolved to re-organise the Company's share capital by combining all of the Existing Ordinary Shares on the basis of one new ordinary share of no par value ('New Ordinary Share') for every 100 Existing Ordinary Shares, such shares having the same rights and being subject to the same restrictions as the Existing Ordinary Shares as set out in the Articles of the Company ('Consolidation').

Post Consolidation, the number of New Ordinary Shares is expected to be 47,924,853 New Ordinary Shares. The last day for dealing in the Existing Ordinary Shares on AIM is expected to be 5 October 2016.

The Company is also proposing to change its name to "Georgian Mining Corporation". The Board believes that this name better reflects the Company's focus of operations.

[letmepass] 29/9/2016 08:18

Haha what management, a street sweeper could do better

[richgit] 29/9/2016 08:15

This could be huge opportunity to take out the last holding their .10 shares and puking them up.

If Management prove to all that the future is far greater than anything previously
considered then this bargain will be something to look back upon and eventually some multiple of pro-rata to .22


I will take my piece of the Pie for the risk/reward that Management can do it.

[vatnabrekk] 29/9/2016 08:11

Extract from RNS 11th August:
"It is our job to maximise the value of this exciting area and to ensure operating costs are kept as low as possible."
That is correct - that is their job. Now they need to get on and do just that.

[letmepass] 29/9/2016 07:52

Love some of the previous RNS.. Oversubscribed placings etc.. What a load of..