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2 down, 3 to go....
Buy on rumour......
If Bolnisi is that close to production with the grades yielded the value of this asset even in these early stages is worth £xxm
The other 4 deposits are a bonus.
Lots of speculation and wild estimates but if you dig a bit deeper into Bolnisi you will see the true value here and why the MMs are not going to get cheap fundraise shares.
GEO is on an upward trend until a 10p platea before more news on other deposits.
Note the word ‘deposit’ used in RNS. These are proven deposits not high risk exploration prospects.
I think there's a key part to the description of libel... "false statement"... FALSE... Nothing I say is false, it's all true. This company IS indeed a POS, the SP tells a story... ramp, raise, repeat. Another AIM story with endless funding requirements designed to fleece the retail masses.
Let's face facts. GEO doesn't have any cash. Literally none. (Interims state £400k cash in June with a cash burn of £1m the year prior - do the maths ffs). While this news is a positive 'step', it is just that, a mere 'step' in the right direction. There is a shed load of work to do and there is ZERO chance they get a placing away higher than 2p. My personal guess is 1.25-1.5p, and even that is only if the ramp crew can keep this SP anywhere near 2p tomorrow (which I doubt).
The late sells tell a story. If this news was so big and the SP was going to moon like you all claim then people wouldn't be working a £133k sell or a £20k sell right before close. Let's not play stupid ffs.
Anyway I'll leave you all to it. I've said my piece. Enjoy the spike, it won't last forever.
6p by Friday as FOMO will kick in here tomorrow as investors digest the news overnight.,
This goes down tomorrow.
Min 15% drop.
3p breakout tomorrow morning and onwards to 5p
GCG intends to appeal to the Minister of Economy and Sustainable Development to seek to secure its rights to the remainder of the licence area. The legislation specifies that the Minister has a maximum period of three months to respond.
Mike Struthers, Chief Executive Officer, said "The conclusion of this process with the mining agency is an important milestone in our ongoing efforts to obtain the extension to the permit in Georgia. We have confirmed our entitlement to two of the key deposits in the area, and we will vigorously challenge NAM's position on the remainder of the area with the Minister to secure the balance of our rights.
Only the start of a massive rerate here. Ignore the big rises and dips. In a few weeks people will be paying 10p when they work out what’s happening here and what the RNS means for the company. Well done everyone still holding who got in before the RNS. So much more coming here. GLA
I'm amazed people feel they can say anything and indeed that this board tolerates companies being described as xxxx.
Is that not libel ?
"A published false statement that is damaging to a person's or companies reputation"
Shorters getting shafted big time here. Will see peeps paying 3p tomorrow
I’ve only just seen this news. Wow! I thought this and my investment, was dead and buried. Did not trust the Georgians one bit. A way to go before I’m at even money and with the important and absolutely necessary fund raise coming, I guess I’ll be waiting a bit longer but at least there is light at the end of this very long and dark tunnel. :)
It wont recover tomorrow ………...It will just drop....This isn't GDP....its got no substance...No cash...No assets of any worth...Just ramper spiel
This is dropping back now.
it looked like 3p might be attacked but a finish near 2.5p could still mode well for tomorrow
A good sign the fundraise will be well above current price is that its still possible to sell massive quantities at these levels.
MMs would not be taking stock at 16:00 onwards well over bid if they knew they would be picking up cheap fundraising stock anytime soon.
Waiting for the 16:15-16:30 sell off. Will hopefully be able to take traders shares back below initial spike price of 2.2p
Tomorrows open will gap up. Fundraise will happen but if GEO can justify an mcap of just £5m it shouldn't be less than 4p
Gap up to 4p tomorrow then a spike to 6p to allow clients to offload their 4p shares.
Strong buy at these levels to take advantage of the insider spike tomorrow.
Same old story with AIM. Those in the know making coin while retail get impaled. GEO is a piece of sh... And not only that, a piece of sh with no f cash! Pump, place, repeat...
I did warn all
Just for my own understanding - the RNS came out at 1342. The SP rose 20% in the 30 mins before that. Did someone know it was coming out, otherwise why did SP rise beforehand? Also, the SP shot up 3 minutes after the release - not long to get in!
16p bounce coming here.
Investor, i think you just got spiked
If they got a placing away at 2p that'd be an incredible result for the company. Try 1.5p absolute tops imo and they need to raise very soon. No cash left.
Some people will get spiked, that's for sure. Always be wary when the rampers (who have no knowledge of the company whatsoever) start spouting how the share price will be 1000% higher in a matter of days. It makes me laugh. Let's be realistic, Geo will have to do another placing and soon. 2p for a placing is probably a realistic level but we'll see, anything above this is a bonus. But at least the company has some legs now to keep the lights on, it was touch and go there for a while .
Read the fine details of the RNS. The news isn't as big as some like to make out... This is your classic pre-placing pump imo. Cash balance in summer last year £400k (??) and they burned around £800k (!!) 6 months prior to that... do the maths... they are running on crumbs... placing by end of week in my honest opinion. Don't be duped.
eviking why would that be , last placing at 2p
And like i would take advice from mannnan , na don't think so. O look back to 2.5p