Georgian Mining Share Discussion Threads

[costax1654x] 29/1/2020 08:45

Next one to do a Geo style rise is Orm!In about 2 weeks!

[snowyflake] 29/1/2020 08:33

bsp - thanks for copying that post from LSE. I find LSE difficult to navigate nowadays. Can you tell me please the name of the LSE poster who wrote that. Added myself this morning.

Mike Struthers and Neil O'Brien are good people both ex Lunmin. Even if the territory is reduced imo they should achieve a lot with the two tenures (which have been retained).

[bubsy2] 29/1/2020 08:27

Profit takers I just got somemore

[bspgamer] 29/1/2020 08:27

Market makers shaking out the weak

[ak62] 29/1/2020 08:25

wasn't expecting a drop this morning

[bspgamer] 29/1/2020 08:24

Here comes the bounce

[bspgamer] 29/1/2020 07:24

Great post on LSEInterest returning29 Jan 2020 03:41Only reason people care so much about how a company, that was worth 2m odd mcap this time last month, is now worth roughly the same again this morning. Is because bullish or bearish - share price wise, they understand (or think they do) the potential (some of), of where the company mcap can go. Company essentially halved in traded value last week from one month prior on no publically announced change in circumstance, and virtually nobody cared to comment.Now news released (not placing conatations weather good or bad) and the mcap goes back to similar level and suddenly dozens of people are beside themselves and see fit to expand effort in writing and posting strong opinions on a public forums late into a working evening.Imo, the very level of interest, demonstrates the potential and therefore financial stakes between buying sub 1p, buying 1 to 2p and 2p+, when taken in context to where these people see the potential share price in the months and years to come.On a personal note, I sold in the 20s and started buying back around 13p seeing good value, continued to buy in at 8s 6s 5s 3s 1.8s before significantly averaging down by buying much bigger stakes, first sub 1.5p then sub 1p right up to yesterday morning.As of now after around 2 years of paper loss I'm back very much in profit. Massive thankyou to the bod involved here who have stook this out for so long. The potential loss of tenure over the further license is very disappointing and a massive blow to how far geo mcap can go in years ahead. The potential scale of TS and others is truly exciting based on and along with the pre existing exploration info.Again, imo, the main reason this has been so hard and taken so long, is because someone figured out just how good this consolidated chunk of land could be and decided to try and retrieve it/some of it. Will they succeed and how much will be lost from the geo stable?In the context of 10, 20, 30m mcap, no consideration really need be placed on this issue. Kbe and dab can take care of that just fine. If we not drilling at TS we wont need the full 2m usd for the previously planned 6 month work programme (will now be shorter as some work completed) designed to get kbe to dfs completion and further the following 2 pipeline assets.Roughly 1m was to get kbe to, go/no go decision stage.The other 1m to explore dab and ts.Now likely max they need is 1.5m for the work programme. Plus say 0.5 for WC etc.Question people should consider, how many shares will it take to raise that, because when they raised 7m at 16p they did so in an environment where institutions were offering double at the same price. Interest was there for a reason and the reason is coming back swiftly.People know that, and are trying very hard to buy the company at a price where losing its only assets was priced in, at a time when that risk has seemingly been virtually removed with the NAM confirming the reduced tenure.AIMO ATB

[invester2010] 29/1/2020 00:32

Yes rights is the main thing (the legal bit), and with rigts you apply for the licence (which what they doing right now!). Bloody clueless. do some DD.

[hope67] 29/1/2020 00:26

The facts lol they have lost half their licence have no exploration licence and very little cash and you think its worth 10 million? This is going to take a long time especially in the Aim world.

Rights not licences

"We are of course pleased to have secured the rights to two key deposits and look forward to further dialogue with the Minister to retain our rights to the remainder of the territory.

[invester2010] 29/1/2020 00:00

Dave, hope you managed to bought some 7digit in the end, i bought another 5k today @0.41, first buy was 0.23, sold 30, and then buying since .32. Building a nice little stake there :).

Good to see you here. You never did like the facts about anything. Thats a real shame, but it gives us more confidence.

You attack other posters, thats a real shame too.

[dave4545] 28/1/2020 23:39

Beware of investor2010 another pump and dumper that has sprung up from nowhere

Dumped 7dig today no ramps after spamming that thread with rubbish and seems to be doing the same here now !

[letmepass] 28/1/2020 23:09

Spiky spiky time

[invester2010] 28/1/2020 22:28

posted by someone/ just done research:

''Check out boardroom links to Lundin Mining. Some Directors are ex Lundin. Believe they may have had talks with Tethyan Resources..''

this may be bigger than we think. glta

[invester2010] 28/1/2020 21:21

sombdy ealier mentoned: ''worth 25p over two years ago with imminent news. It’s just time which has ground this down. It should rise easily fair easy'' Looking forward to tomorrow. You could hardly buy anything the last hour, until 5-10mis before close.

[invester2010] 28/1/2020 21:16

I guess once they announce the new plan, now they have Tenure focus asset, they'll start production. they will still maintaining their low cost per ounce which is very +ve over the longer term. The price will certainly be much higher (10p) once they get a timeline to production. GLTA

[invester2010] 28/1/2020 21:08

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.

[phil1969] 28/1/2020 21:08

GEO has a market cap of £14.5m May 2018 when applying for permits etc. Today at close after a 160% increase it finished at £2.46mDo your own research as to where you think the mcap should be after today's news and upcoming announcements regarding f deposit tenures. £10m wouldn't be unreasonable.

[seanlander] 28/1/2020 20:43

This was worth 25p over two years ago with imminent news. It's just time which has ground this down. It should rise easily.Looking forward to tomorrow.Glah

[saracen3] 28/1/2020 20:29

Looking forward to tomorrow and many days coming.. of course there will be a placing but that will take 3 weeks to organise. Nothing to hold the shares back as today's huge turnover has taken out cynics, share price Angel shares in lieu of fees, and maybe some idiot shorts. Going to be fun again.

[showmethemoneyhoney01] 28/1/2020 20:09

New investors? How about the 26m shares bought today out of the 134m in circulation.

[5trelok] 28/1/2020 19:37

Eric,

This will crash and burn tomorrow - the snake has been eating its own tail again. You

need new investors and where are they coming from? Friern Barnet? You won't find

another Big Jimmy in a hurry. lol






5t

[5trelok] 28/1/2020 19:32

Well Struthers seems to think that losing the remaining named deposits from the original license area is a big deal. Besides, confirmation of tenure is a long way from a permit extension. It's a case of "as you were" but if the extension ever does land, it's got far less potential.






5t

[saracen3] 28/1/2020 19:21

2p, 3p, 5p, 10p you are going to be so angry. Looking forward to hear your analysis all motivated by spite and personal disappointment.

[saracen3] 28/1/2020 19:17

5lock. You really have not checked this out have you ? They have the 2 projects they were working on. The others were only to be explored out of cash flow from profital operations