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News coming through steadily,looks as if they want to move forward with their new guy on board
Thanks for the reply Dave.
I was under the impression your buys were continuous over the 2 year period and of course no profit there :-)
Good to see you’re well in and all the best to us over the next phase of updates. I’ve mailed Mike and have arranged to have a call with him in the coming days.
I’m hoping this is now the starting point of a return on my long term time & investment.
ML
80 million shares traded over the last 3 days and nice consolidation today,hopefully blue within the next couple of sessions?!
Sitting tight till it will pop again!!
Nice buys today and sneaky mms were disguising some of them as sells ttt!!
I tried to buy 1/2 mill at one stage and reduced by half and still went to nt, I think fundraising news will be with us shortly and hope we can progress onwards to production gla
......and now better off !!!!!!!
Not disgruntled, Merlin0...like everyone else, surprised and happy. Have a very small holding here with an average of 2 point something...forgotten exactly what is is in all truthfulness. Bought into this for one reason only, the same reason I bought into Block Energy -- just a punt!
Not seen anything in that RNS that assures me this is all going to come off. So, for me, it remains just that: a blind punt with an outside chance of success...and a small chance of success at that.
Of course, my small amount of shares will make me very little profit even if the share price should go up to 5p. But I did not buy them for that. I am it in for the long term. Having cost very little money to purchase them in the first place I really could not care less what happens to this company...I would much rather they succeed of course. And if they hit it big time? Great! I make a very nice return for my paltry outlay. And for me, thats it in a nutshell!
Bought, tucked away and forgotten all about them.
Just a blind punt, Merlin0. Nothing more -- nothing less. P.s Having said that if by some miracle they do hit 5p in the next week or two I might well just sell the lot. Lol.
You sound a bit discruntled scampthedog
First bit of half decent news we have had for a while !!
Be happy with some kind of positive newsflow??
At least they can plan forward now with the confirmation they have 2 licences granted but we will need a fundraise that is the only option to move forward, but at least we have a base to move forward with now which is more than we have had over the last few years!!
Of course they will need funding,but at least there are a damn site closer to getting things to move forward after tuesdays rns
Errr...wheres the money coming from to provide for operating costs? And, of course, the small matters of the directors hard earned wages? They won't continue to waive on those until we strike rich will they.
Seems they are holding this in this range to give the buyer of 1 million shares to fill his boot!
Sit and wait,sit and wait more scrumpy news to come!?!
I can see by the lack of postings today...or more correctly, by the lesser amounts of postings today, that the euphoria of yesterday has now diminished somewhat.
Has'nt stopped you bashing away, investor2015...whats your game then if I may be so bold as to inquire?
P.s 10 out of 10 for effort by the way.
Georgian govement, before they have to release the other 3 tenures to us lol
Followed up by a million buy,whose stake building here ?
Code 1 has appeared
Regular buys of million and half million since yesterday!!
Mms have been collecting these well for somebody?
Tick up due now surely?
1 mill delayed buy
Wonder if itll bounce of the 1.6p again did it twice yesterday
Thank you Dave. ?Lundin.
https://twitter.com/Faslam_aslam/status/1222796022889504768?s=19
I think at this stage, the BoD really need to develop a pipeline of serious and detailed news flow to restore shareholder confidence in their two main projects.
Tough call. Imo they will stay with geo & proceed.
So far as they have expectation of achieving the full tenure, I think the prize will keep the team in place (it has so far).
If its confirmed as certainty tenure is 'only' kbe and damb (note rns uses the term 'key'), more unknown if geo can retain the team. They were mentioning aquisition outside license, once/if cashflow established they have options. Once/if govt see successful speedy transition from deposit to mining (start of tax/royalty income for govt) they may decide to release further chunks to geo (remembering the attractiveness of the their western knowledge, experience and connections).
Some may wonder if maybe this whole time, someone wants into geo, delay & delay occurs & price fades gradually down ending at pretty much shell value. News has now created huge liquidity at deep lows (maintainable - in part based on tenure reduction letter). In recent days significant stake building was possible through whatever vehicle/s, full tenure may eventually be granted & mcap would likely return to previous ballpark (sp - dilution dependent).
Possible result (not implying any causal link) - coverted stake achieved at fraction of cost, interests aligned and freedom to operate unleashed for geo. The ownership of the jv partner is very interesting as you know from a transparancy article ML provided you in 2018 (I think). The entities behind it & the interactions with the people who wield influence within & upon the Georgian govt are complex &, for me at least, any development in that dynamic is very opaque. I can only judge developments from any indications / outcomes geo experience - so far mixed.
The bod have perceiveered, emboldened by the potential prize, if the prize reduces only they know if they will still consider geo the best place for them to be. Sunk personal capital, time & effort will likely have some influence on their decision but the resource bull market is showing signs of kicking in for Cu & is confirmed for Au, what opportunities are on each individuals radar.
If you asking if geo the company (not geo the bod/team within/connected to the company structure) then yes it will continue with the 2, much more certain about that. In their own right the assets look very promising and kbe scale has increased greatly since geo came on, now with their own sulphide 'discovery' / reintepretation of scale & nature of Cu (& some Au) sulphide deposit & attached potential.
Have to see what indications present themselves over the next 3 months or so.
Will all the 'permissions' land, will placing occur & on what terms (bod participation?), will bod begin leaving for better opportunities.
Just ponderings/wonderings & thinking aloud only, no insinuations of any kind meant.
from 5.20....
https://youtu.be/Gc1qDPLItUI
Not in africa or CA but anyway...
Ai only way to avoid/minimise that. No, also access to pre existing Soviet era expl database.
AIMO ATB
But Dave are you saying that in your opinion, even without the other three tenures, the board will or will not proceed with the two they have been "re-granted"?
Thanks Dave for taking the time to write such a detailed response, it's much appreciated. Hopefully we can secure the other 3 tenures and have news on funding soon
Limited time now I'm afraid but...
My understanding is that when they have all the 'permissions' they need they will crack on with the work programme as was previously planned. As I mentioned this morning.
The geo story morphed from the pretty much 'instant' gold production from kbe gold oxide ore thru jv partners madneuli heap leach plant with very little capex and time requirement presented by GK, to the more realistic relatively expensive relatively long winded but much more value extraction assuring and professional methods presented by MS.
Relative to vast majority of mining operations it's still pretty much instant and incredibly cheap (gold wise). But need to know scale and ballpark recovery etc (especially gold and ideally Cu (real value)) to allow production agreements with jv before can start anything - hence infill and met work followed by agreement and parallel eia/dfs, then production decision.
The first thing they need is capital theres no getting around that. Question is terms and dilutive effect. Can bod participate? At what price will funding be secured and thru who and what is the vision of those entities?
All unknowns and can massively effect future sp (not mcap) potential level.
Difference now is the reduced tenure aspect, big hit, but can these guys over come it and secure the full 1% of Georgian land area for exploration and future upside, financed not thru dillution but by existing early cashflow from kbe and subsequent ops. That's the story for me, many wont look that far ahead but that's the real prize imo, anyway. Ts and others are great sounding assets (some parallels to hot maden, elsewhere potential for porphyry Cu) potential is huge and 100's of km of exploration drilling (as a whole) info is in hand for 'free' to get a kick start on which ever asset they pick next from the pipeline. But not if all they have is 2 to go at.
My understanding my be outdated so any updates correction most welcome.
AIMO ATB