Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Is there ever going to be any news on this damn permit?
How is it that this company can spend our money investigating a site and don’t have the rights to mine
It’s like ploughing a field, planting some corn, watering it every day, harvesting it and then finding it’s not your corn
Or am I missing something?
For those who contacted looking for an update from my side:
No news at all and a few failed attempts to contact Mike for various reasons outside his & my control.
I would like to speak to him before we break for Xmas and I’ll update you if anything of note cones from the call.
As I said before I’ve written this off now and if it does ever surprise me snd get back to any level of value I’ll be selling up, never to return to AIM. It was my worst business / financial decision on my life but a big lesson learned.
Hope everyone is keeping well health wise and all the best for Christmas & the New Year. Enjoy time with family & friends. That’s where the real wealth is located.
ML
Hopefully there is substance behind those words. Thanks for the post.
My 67489 top up this afternoon not showing on lse so far.
Wont get bored, wont move funds to chase elsewhere, will just slowly add until, eventually, permit news comes.
Be it good or bad. Under no illusions - things can take years, happy to wait.
Sub 1p without bad news? I think some awaiting that day, me too, will be double or triple up time, imo.
GLA
Blimin well hope so....get a move on
https://www.bloomberg.com/news/videos/2019-11-22/georgia-is-open-to-investors-says-vice-prime-minister-video
Hey VX.. I hope you are well.. :+)
We both know the story here having lived through Austria and then on to Georgia.. We also know the modus operandi of GK and associates.. Just got the feeling they will want one more trip the well before they move onto the next pipe dream / cash cow.. Let's see, nothing to lose with a cheeky gamble on GK's greed.. GL fella. Andy.
must be due soon if this company is to continue
Talk yet again of an imminent permit may mysteriously arise from the ashes to coincide with a fund raise due in the new year. They cant string it out much longer without money so prepare for more dilution (not that many would support it) otherwise it may be curtains. It may be curtains anyway. Tough on most remaining PI's.
Is there a mysterious Saviour out there who will come to the rescue? and be prepared to tell the PI's the secret thing that is stopping the BOD from talking about /giving out info for fear of affecting negotiations? Perhaps Putin wants it all for Russia.
Looking at the bought and sold numbers only around 400k bought overall = around 6k, so a very small amount. Maybe just a few people taking a punt and some getting out. As they had only £428k at the end of June and thats including the fund raise, it would be interesting to know the actual cash in hand now. It may well be just some loose change in the bottom of an old cocoa tin. They might have trimmed costs but i think the " small team" will still want to live well. The previous 12 mth they managed to spend £900k. Even if the permit ever does come there likely won't be any cash to do anything but pay the return trip to oz for the christmas party.
LOL @ the IPO price of 8p.
Andy, if you remember...there has been a 100 : 1 consolidation on this in between then and now so technically the price of a GEO share in IPO terms is actually 0.014p
To get to the IPO price the SP here would have to be £8 and we both know there's more chance of a certain Australian accountant actually doing an honest days work than there is of that happening.
In fairness the November 2018 director buys were at a time when the directors considered that the permit would be granted. There is no clarity as to why it has not been - just speculative ideas.
The director buys weren't exactly smart money.
It's sometimes hard to tell when such buys are genuine conviction buys or just attempts to spoof the market and keep the AIM gravy train rolling for a bit longer.
I've been out of GEO for yonks but bought a few this morning. Just in case something, ANYTHING happens here.
Can't disagree with anything you say.. All I can say is there's been 2.4 million shares traded today and 31 trades, can't recall many days like that in recent times.. No smoke without fire especially when Kuenzel is involved..
If news does not come very soon I imagine the SP will be right back down again as fast as it’s gone up, that’s been the ongoing problem here IMO
I hope it comes good for those in much higher I really do
But the evidence this far is that we have been there before many times expecting news and it never comes
I hope this time for those invested big that we do get positive news
Not large amounts of cash though are they ? Re director buys
And it’s hardly a good move buying at 9p when we went to 1p is it?
My head tells me to think the same as you fella, but this is aim. There has to be a reason why the directors bought chunks at 6.5p and above 9p... I added some last week and more again today only needs a hint of a license and mining to resume and the IPO price of 8p will be back in a flash.. GL whatever the outcome..
16-Nov-18 Buy ? Peter Damouni 6.50 GBX 220,000 407,500
16-Nov-18 Buy ? Laurence (Laurie) Mutch 6.50 GBX 150,000 150,000
16-Nov-18 Buy ? Neil O'Brien 6.50 GBX 250,000 1,650,000
16-Nov-18 Buy ? Michael Struthers 6.50 GBX 350,000 350,000
16-Nov-18 Buy ? Gregory Kuenzel ACA 6.50 GBX 250,000 597,467
15-Feb-17 Buy ? Gregory Kuenzel ACA 9.88 GBX 100,000 347,467
15-Feb-17 Buy ? Roderick McIllree 9.06 GBX 320,000 1,543,764
15-Feb-17 Buy ? Roderick McIllree 9.83 GBX 500,000 1,543,764
Do they!?!?!?! From what I can see they have little skin in the game.
we're not all expecting that news at all!
Some of us believe it will never come now!
Sounds about right.. Loooong time ago.. :+)
There has to be a reason why Kuenzel and co keep adding to their share holding, sly as a fox this lot..
Remember when these consolidated and changed names.. Only 134M shares in issue so could fly very quickly if a permit arrives. Everybody likes a goldy, I remember when Solgold were less than 2p and they went to 40p plus.. !!
Still a lot of 'ifs' and 'maybe's' involved here, over 90% down on a very large wedge so it's an all or nothing case for me. Time will tell.
Been sat on a chunk of these for years waiting for when the board of directors decide to unleash news upon the permit and with it a planned start of production. Can't help but think GEO will climb in on the news of plant update to light the blue touch paper underneath this stock. Serious multi-bagger if they deliver the news all are expecting.
€10 million is a hefty sum.. it'll mean nothing though if we don't get this illusive permit..
Or another pump and dump ?
Maybe at long last there may be some positive news on the horizon.. ??