Share Name Share Symbol Market Type Share ISIN Share Description
Georgian Mining Corporation LSE:GEO London Ordinary Share VGG9688A1003 ORD NPV (DI)
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.0% 1.40 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
1.30 1.50 0.00 0.00 0.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 0.21 -8.79 -7.65 2
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 1.40 GBX

Georgian Mining (GEO) Latest News

Georgian Mining News

Date Time Source Headline
06/3/202012:26UKREGEmpire Metals Limited Update re ISIN and SEDOL
28/2/202007:00UKREGEmpire Metals Limited Placing & Subscription to Raise GBP600,000
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Georgian Mining (GEO) Discussions and Chat

Georgian Mining Forums and Chat

Date Time Title Posts
09/4/201811:34INTERVIEW: Georgian Mining Corp7
06/3/201712:11Georgia Mining Corp (formerly Noricum Gold)78
25/11/201513:00Invest in Georgia: Trust me...4
26/11/201420:58Geothermal Energy companies56

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Georgian Mining Daily Update: Georgian Mining Corporation is listed in the Mining sector of the London Stock Exchange with ticker GEO. The last closing price for Georgian Mining was 1.40p.
Georgian Mining Corporation has a 4 week average price of 0p and a 12 week average price of 0p.
The 1 year high share price is 2.70p while the 1 year low share price is currently 0.83p.
There are currently 133,756,991 shares in issue and the average daily traded volume is 0 shares. The market capitalisation of Georgian Mining Corporation is £1,872,597.87.
bspgamer: Georgian Mining CorporationThe Georgian Mining Corporation saw its share price leap more than 150 per cent on Tuesday after the gold-copper exploration and development firm announced some good news from its Bolnisi Project.Georgian Copper & Gold JSC, in which it owns a 50 per cent stake, has received confirmation of entitlement to two key deposits in the Bolnisi area – for Kvemo Bolnisi East and Dambludi.Chief executive Mike Struthers said the firm would be working hard now to persuade Georgia's National Agency of Mines that it is entitled to other important deposits in the area.After an initial stock price leap, from less than 1p to 2.6p earlier in the week, the firm's share value settled at around 1.75p by Friday.
noirua: As we know. The low market cap is the reason for holding on to the gamble here. The share price may only eventually rise to 40% of the former high = 10p. Such have been the struggles with wrong estimates in the past on production timing. Followed by costly delays in getting appropriate mining licenses. Also cash raising at much lower share prices when looking at a cash raising at 14p not that many years back. There are swings and roundabouts as the copper price has been lacklustre and the gold price fairly buoyant. However, the recent RNS has shown that things are moving now in Georgia and further announcements and moves will follow quite shortly. Fair enough to see the negative points because the situation does remain a punt even though the gloom is lifting.
noirua: Reminder from 30 June 2019: In terms of costs and treasury, the Directors and Executive staff have not received any compensation for their strenuous efforts on behalf of the Company since May 2018, and this situation continues. As was announced on 23 May 2019, given the continued delays and resulting poor share price performance of the Company, the Board concluded it was appropriate to write-off their Directors fees owing since May 2018, with the exception of the Chief Executive who wrote off part of his fees. Operating costs in Georgia continue to be at a minimum, with our joint venture partner continuing to contribute 50% to the cash costs. We continue to maintain our small team in country, at a low cost, with the aim of being able to commence work rapidly once the permit is issued. As reported in the annual accounts for 2018, as a result of these continued delays the Directors have concluded that the Georgian exploration assets no longer fully meet the capitalisation criteria under IFRS 6 and have recognised an impairment provision against these assets until the good standing of the exploration permits is resolved. This impairment will be reversed once the permits have been renewed. In May the Company raised GBP380,000 by way of a placing and we would like to again thank our shareholders for their continued support during this challenging period. [raised at 2p a share] For the six-month period ended 30 June 2019 the Group is reporting a pre-tax loss of GBP384,827 (six months ended 30 June 2018: GBP655,160). The Group's net cash balance as at 30 June 2019 was GBP428,848 (six months ended 30 June 2018: GBP1,397,844).
bspgamer: London-listed Georgian Mining is still waiting for Georgia to grant it an exploration permit extension, although chairperson Neil O’Brien said on Thursday that recent changes in the government provided some basis for optimism that a solution could be on the horizon. “There would appear to be a stark contradiction between the treatment of the company in respect of our exploration permit extension, and government's wish to increase foreign direct investment and expand the resources sector,” he said, slamming the more-than-a-year wait for a permit extension as “wholly unacceptable”. While the situation under new Prime Minister Giorgi Gakharia remains unpredictable, the company is hopeful that a resolution can be found. “. . . we continue to explore all avenues for resolving the application and to engage with senior government officials and other influential parties to try to solicit an outcome.” Gakharia earlier this month succeeded Mamuka Bakhtadze, who stepped down as Prime Minister after little more than a year, saying he had accomplished what he set out to do. In terms of costs, the Georgian Mining directors and executive staff have not received any compensation for their efforts on behalf of the company since May 2018, and this situation continued. The board concluded in May last year that it would write off directors’ fees, with the exception of the CEO, who wrote off part of his fees. Georgian Mining’s share price has been under pressure since the permit delay was announced last year, with the stock now trading at 1.39p a share, compared with 14.75p a share at the start of May last year. The company along with its 50% joint venture partner, Caucasian Mining Group, operates on the prolific Tethyan Belt, a well-known geological region and host to many high-grade copper/gold deposits and producing mines
saracen3: This board is getting all about the posters and not the reality of the huge upside in the share price when the agreed permit is finally signed off. Drilling will then resume to prove up what could be a world class copper deposit with leechable gold at surface, only 5km from an existing mine and plant owned by their JV partner who has to pay half of the costs. Gold production could start within a few months of approval.
davidspringbank: The permit can turn up out of the blue at anytime. They have already had encouraging noises out of the government. A major shareholder increased his holding following a site visit. No one can predict when it's going to happen, but when it does the share price will take off. The new people who have taken over have said they want to see the share price back to 25p. Don't ask me when this is likely to happen because no one knows. Anyone investing in mining needs to take a long-term view.
bspgamer: At least under Greg the price was higher, Struthers has done nothing to stabilise the share price. Actions speak larger than words, get on with it!!
bspgamer: An ongoing permit delay and collapse in commodity prices walloped Georgian Mining last year. With macro conditions now beginning to improve and the licensing issue approaching its conclusion, could the business soon shoot up from its current 5.7p share price?Tethyan portfolioGeorgian Mining is a copper and gold exploration and resource development company focused on Georgia's Tethyan Belt. The Tethyan is a well-known geological region that hosts many high-grade copper-gold deposits and producing mines. The firm controls a sizeable 860km2 licence area in the country through a 50:50 joint venture with a local Georgian explorer.The company's most advanced project is Kvemo Bolnisi East (KBE). This contains JORC resources of 2.3Mt at 0.85g gold and 3.15Mt at 0.82pc copper. KBE is found less than 7km to the north-east of the producing Madneuli mine and processing plant. These are operated by the Rich Metals Group (RMG), a production company run by Georgian's local partner.The business is also examining numerous prospects in the wider Kvemo Bolnisi area. This includes Gold Zone 3, where drilling is planned to investigate the relationship between mineralisation and established resources nearby. Another prospect in the area is Kvemo Bolnisi West, where historical drilling intersected polymetallic gold mineralisation at the same depths as Gold Zone 3.GEOimageGeorgian's second-most advanced prospect in its licence area is Tsitel Sopelu. The site is found 12km north-east of Madneuli and 6km east of KBE. It has a 3km by 1.5km footprint where outcropping oxide gold, base metal, and barite mineralisation is hosted within strongly silicified felsic volcanoes. Georgian said historical drilling had shown clear evidence of increasing gold grade with depth.Other prospects in the firm's JV portfolio include a base and precious metals project called Dambludi, a gold prospect called Tamarisi, and a site of copper mineralisation called Balichi.Busy periodLast year saw Georgian outline it plans significant steps to transition from an explorer into a mine developer and producer. This began in March with two pieces of big news.Firstly, the company announced that its former chief operating officer Michael Struthers had been appointed chief executive. He replaced Greg Kuenzel, who moved into a new role as finance director. With 37 years of international operational mining experience, the business felt Struthers would be ideally suited to advancing KBE and fully developing the mineral potential on offer in the wider Kvemo Bolnisi (KB) project area.The news came just days after Georgian signed a critical memorandum of understanding with RMG for KB. This stipulates that ore from KBE will be mined and then hauled and processed at one of RMG's processing plants.Importantly, the month also saw Georgian launched into a 2018 work programme. This was focused on developing gold oxides around KBE through an infill drilling programme for resource definition and further exploration in the KB areas. The company also said it would carry out additional test work and environmental and feasibility studies to achieve its target of starting a mining operation at Gold Zone 2. This would also see it carry out further testing and expansion of the JORC copper-gold resource beneath the oxides at Gold Zone 2 and another area called Copper Zone 1.Unfortunately for Georgian's shareholders, much of this planned work has been held up by an ongoing delay in the firm's application to extend its exploration permit. The company holds a 30-year mining licence for the extraction of minerals in Georgia. However, this contains a requirement for separate staged permits for continued exploration at its named deposits and wider licence area.In June, the firm announced in June that it had completed negotiations with the Mining Agency to extend the exploration permits before agreeing a final application. However, before this can become valid, it must be submitted to and approved by the Georgian government. Until this has occurred, the company has agreed to suspend fieldwork temporarily.This process first received a setback in June, when Georgia's Prime Minister resigned unexpectedly. This prompted a government reorganisation and a 'settling in' period where no progress was made in approving Georgian's permit. Although approval has still not been granted, much progress has since been made.Firstly, the process advanced considerably in September when Georgian announced that permit approval was imminent following a successful meeting with the country's new minister of economy and sustainable development. Following this, in October, the company said the minister had endorsed the permit.Finally, earlier this month, the business said the permit was included in a December cabinet meeting immediately before the government went on its Christmas recess. The company is now waiting for final approval, with chief executive Mike Struthers adding:"We're pleased the Resolution on the exploration permit was finally addressed at a Government session. During the meeting, there were minor points for clarification raised with the Mining Agency, which were satisfactorily addressed and we are now awaiting the final approval. It is our understanding that all of the Ministries have responded positively and there continues to be strong support for the application. We look forward to updating the market when we have further news.'Where next?The combination of repeated licence delays and a rough period for commodity markets in the second half of 2018 has seen Georgian's share price collapse from 16p to 5.5p over the last 12 months. It now has a market cap of just £6.5m despite boasting an extensive portfolio, a healthy £1.4m cash balance (as at 30 June) and a strong, and experienced management team.With the licence looking set to pass imminently and commodity prices improving, two major blockages to the company's progress and valuation look set to clear. If everything goes well, it will be able to return to its original plans with no fundamental changes to its investment case. Could these potential catalysts trigger a strong rally in Georgian's shares? If you think so, then it may be worth taking advantage of current weakness before it is too late.
noirua: There is a danger of a capital raising that is putting new pressure on the share price. Cash was under £1.4m at 30 June 2018. If cash burn is at the same rate then the coffers are running very low. Time to sell or at least reduce.Https://
tippow: With Copper set to explode i have Put together some info on #GEO which is well worth researching over the weekend. GEO has £4.5m in cash (enough to take them to production) and BOD have bought £100k's of shares in the open market previously so they are aligned with share holders. "Our twin objectives for 2017 are to report a 3 to 5 Mt copper and gold resource and to commence low cost production to be processed at our JV partner's neighbouring operations. We are on course to meet both objectives..." GEO are looking at proving up 50mt and it looks like that may well be blown out of the water as the resource looks much bigger then originally thought. 50mT at 1% gives 500,000 tonnes of copper. Copper at $3/lb = $6.62/kg=$6,620/tonne 6,620x500,000= $3.31 billion 50% ownership so that become $1.655 billion $=0.75£ $1.655billlion=£1.24 billion Lets assume a modest 50% recovery and a 25% profit margin. 1.24x0.5x0.25=£;155m Even with my ludicrously conservative assumptions and excluding the gold cap, this company is sitting on an asset at 5 x the current share price and production is likely to commenceg in the coming months. John Meyer,twice winner of the UK Smaller Mining Analyst of the Year. He picks Georgian as his top copper pick and describes GEO as "the next SOLG" SOLG market cap is £500m!! John Meyer, analyst at share price Angel, looks at his picks including Glencore, Rio Tinto, Georgian Mining and SolGold. 4.45mins in hxxps:// … … … … … … Also previous videos on GEO worth watching hxxps:// … … … … … … … hxxps:// … … … … … … … hxxps:// … … … … … … … hxxps:// … … … … … … … … … … … … … … This is what is being indicated by the BOD. "Although work to date has focused on three zones as separate areas, recent results suggest that they coalesce to form a large epithermal copper-gold system" Now that would be HUGE!!! "A large epithermal copper-gold system" GEO with its vast resources,no capex outlay for a mine,plenty of cash in hand Leading to a more or less debt free flying start to a rolling income equating to a minimum price target of 60pps+ based on available information with a million ton throughput for copper followed almost at the same time by gold? Is 60pps too conservative in view of the increasing copper and gold prices? we are awaiting in a strong news rich transformational period for the company and await results of the 28 assay results, JV production agreement, production starting date. The project is derisked now. It is going to be mined and no capex needed!! Remember the company have previously described their find as a "world class discovery" John Meyer also said in one of these interviews that " this will be in hundreds of millions if not more" Multibagger in the making here and all very close All thoughts are mine and helped by others posters snipets.
Georgian Mining share price data is direct from the London Stock Exchange
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