Georgian Mining Share Discussion Threads

[effiert] 24/1/2017 09:46

no misleading posts. funded till production is from the horses mouth.

try doing some basic research!

[redtrend] 24/1/2017 09:45

We don't know GEO are fully funded to production as there has been no announcement on when production will be. There isn't even a JORC resource or Definitive Feasibility Study.

Additionally none of us know what % of copper spot GEO will receive either, to compare against the supposed costs of production

Whilst GEO may do well and would be great to see it finally reach production, there are some misleading posts on this and LSE board

[edgein] 24/1/2017 09:28

Good to see Cu and Zn holding up well.

Regards,
Ed.

[effiert] 24/1/2017 09:24

Early_Bird
For an explorer about to go in to production (Copper and Gold), no debt, fully funded, zero capex...

You wont find better value on AIM.

Nice correspondence with Greg recently, all very much on track and I think all the holders here know that as soon as the news starts flowing these trolls will disappear.

[effiert] 24/1/2017 09:05

#GEO BIG move coming here. Fully funded to production, massive resource base and influx of news to follow. multibagger soon

[effiert] 23/1/2017 15:29

breaking 10p again. once firmly broken can see 15p very quickly. Lots of newsflow expected short term

[effiert] 23/1/2017 08:37

GEO will be a mutlibagger soon enough. Fully funded to production and massive resource base which is very economically viable. News coming soon

[mostyn] 19/1/2017 10:45

This is pumped on twitter every so often, and the price reacts upwards but not far. When the momentum players realise it's not go to move too far they sell up again until the next time. As an investment they look to have good assets, so if they ever get to the mining stage (as they have promised before now) this could be a good prospect. We need news to see how much progress they are actually making.

[effiert] 18/1/2017 00:45

Make sure you guys set your sell orders at £1+ via your trading accounts. That way the mms cannot lend our your shares to the shorters (Cantors)

[effiert] 18/1/2017 00:43

CFEP trying to cover short? 9.25 No Opinion
Beaufort lost its discretionary licence and Cantors have been raided by compliance meaning they are having to close their books to settle their accounts. Shard suspect that they are currently holding short position in GEO after some digging to find out where all the loose stock was coming from. If this is the case and there's even a little bit of buying pressure in the morning, this will absolutely fly. Keep an eye out

[irishlass2] 17/1/2017 11:09

Good day today as GEO heads for 10p.

[teemore] 10/1/2017 21:34

Cu is one of these ores where a low %age value in the rock can be quite profitable. 2% to 3% value in copper is good but you need volume also (typical range is 0.3 to 12%). They then have to truck the ore 7km away to a mill for processing. When you extract the concentrate from the ore you probably end up with approx. 20 to 30% concentrate (Zn is usually 50-60%). Then you have to ship to a smelter or leaching facility for processing, the final product is then refined to 99.99% pure Cu. - not so sure of all the costs associated but substantial. Like all metals the big profits are in high prices for the metal and low costs of production. Cu is usually associated with other metals which contribute to reducing processing/smelting costs.

[redtrend] 10/1/2017 07:18

Yes now gold appears to be sidelined or taking back seat, it would be copper being produced.

The untreated copper ore will be trucked to GEO's Partner's refiner "JSC RMG Copper", to produce concentrate. JSC RMG Copper sell their concentrate, which requires further purification/ refinement to third parties. It is not a finished product to demand the spot price we all know and track.

So the big question is what level of purity and type of concentrate is produced and what % of spot do JSC RMG Copper normally achieve?

It's hard to find such info from their website, so unfortunately without further info, a PI will have to compare it to other companies where info is available.

[sleveen] 10/1/2017 06:51

Isn't it copper concentrate being produced?

[redtrend] 10/1/2017 06:38

Whilst GEO could be undervalued if it does indeed make production (a big if), not all the above figures are correct and investors should not rely upon them. Whether they are "fully funded" and the £2.6m can see them through to production is also a major question mark.

I suggest people do their own research and come to their own conclusions, particularly on what % price GEO and its partners can achieve for the treated copper. It will be nowhere near to the spot price of copper, nor to even the "ultra conservative" spot price lows stated of $4,000. It is surprising and misleading that spot prices are being quoted to PIs and not a realistic % of the spot price instead.

Whilst GEO is at an equivalent share price low of 8p, which equates to an old Noricum 0.08p, due to the placing this share price that now represents market cap of £6m. GEO's low in terms of market cap was actually closer to ca. £4.5m.

I have soft spot for Georgia, visited many times, a great country - I really do hope it receives more investment and hope GEO's drill results are positive and can get this into production. However the track record of the Board does not fill me with confidence - as Noirua states, it is high risk, but potentially high reward. I hope my cynicism is proven wrong in time. Until there is at least a plan or estimated date for production, far too risky for me - but good luck to others and do your own research before making the plunge

[effiert] 09/1/2017 15:51

real opportunity for these to multibag from these levels short term. fully funded and big Q1 and Q2 coming up

[parsons4] 09/1/2017 12:21

I hope the figures quoted are accurate if so the shares are really undervalued !!

[effiert] 09/1/2017 11:53

Courtesy of @SLowie100Today 11:27Thought this is worth re posting. Ignore the noise, this will be in play soon.

#GEO

MCAP £6m / 8p share

Recently changed name to reflect change in strategy from gold to copper after getting high grade copper intersects at kvembo bolnisi (680km2 asset)

They also recently consolidated shares to appeal more to institutions which worked in respect to their recent raise of £2.6m which is to fund a 10,000m drill programme to get to 3-5m tonne resource delineated and get them through to production. They believe there’s 50-70m tonne @ c1% grade in the liscence area as a whole (huge 50-70yr mine life).

Timescale to production 6/9 months.

They have a 50:50 JV with local partner who have a mill with spare capacity of 1m tonnes pa throughput just 7km away. There’s a few hundred £k been allocated to build a road, other than that no CAPEX required to get into production.

The projections for production are as follows:

1m tonnes of ore capacity (initially) P.A.
At mid point of 1% grades is 10k tonnes copper.
Allowing for 80% recovery (conservative), leaves 8k tonnes pure copper.
Current copper price is $5800/t.
6 month lows $4500
5 year low $4000
The contract mining costs are being forecast at $1500 p/t but expected to be closer to $1000 p/t.
The company have used a 5 year low copper price ($4000) and a high contract mining cost to be ultra conservative. $4000 sale - $1500 cost = $2500p/t.
$2500 x 8000t = $20m (50%/$10m). So $10m attributable profit in 1st year alone.

If they can increase the recovery to 88% which should easily be achievable, then that creates an extra $1m to the bottom line.
If the grade increases to 1.25% (they have up to 2%) then that again adds up to $5.6m to the bottom line.
If you go with a more realistic copper price of $5000 p/t (c15% lower than todays price) then that will add $4m to the bottom line.
If contract mining costs come in at $1250 then it will add $1m to the bottom line.

As you can see if GEO can achieve $22m profit it wont be a massive shock based on their conservative figure.

Current price looking like a fantastic opportunity.

[sleveen] 07/1/2017 15:16

How about adding this little paragraph to the header

16 November 2016

Georgian Mining Corporation ('GMC' or 'the Company')

Georgian Mining Corporation is pleased to announce that it has raised GBP2.6 million by way of an oversubscribed placing of 32,500,000 new ordinary shares of no par value in the capital of the Company ('the Placing Shares'), with new and existing shareholders in the Company, at a price of 8 pence per Placing Share ('the Placing')

[noirua] 06/1/2017 21:46

4 paragraphs added to bottom of header - announced 25/11/2016
Size 6 letters. Will reduce size after a while.

[noirua] 06/1/2017 10:06

Georgian Mining Corporation reports that it was notified yesterday that following an acquisition of ordinary shares of no par value in the Company ("Ordinary Shares"), TB Amati UK Smaller Companies Fund has an interest in 3,437,500 Ordinary Shares, which represents approximately 4.27 per cent. of the issued share capital of the Company.

[ryan83] 05/1/2017 09:36

well I have added. Got lots and lots now!

[noirua] 04/1/2017 16:30

I think we all know that GEO has fallen back to previous lows and there looks a good chance of a leap from these levels. Maybe one poster hopes to push it down even lower and thus increase the % returns. All part of the game I suppose.
High risk High return position and a gamble on results due fairly soon.

[dudishes] 02/1/2017 15:17

Seagreen was the VGM ramper!

[dudishes] 02/1/2017 15:16

As was Seagreen prior to him!