Shareholders - Contact7 Jun 2019 13:13
Please can all shareholders email the Minister of Economy, Natela Turnava. She will also help to put pressure on Georgian Government if there is enough pressure on from GEO shareholders.
Here is an example of the kind of things people are writing to the PM of Georgia and also to Natela.
"Dear PM,
I am a large shareholder in Georgian Mining Corporation, a mining company listed on the London Stock Exchange and the only international public mining company active in Georgia. I’ve had many discussions with Mike Struthers,The CEO of Georgian Mining, who is frustrated by the delayed application for an extension to our exploration permit.
The company’s application has been endorsed by the National Agency for Mines (NAM), and two Ministers of Economy, but the company has not been provided with any explanation for the extreme delay. This has been ongoing since July 2018 and the value of Georgian Mining has dropped 90% as a result since. This is really disappointing from a company like Georgia, who is keen for International Investment.
We will soon have no option but to publicise the issue and the unnecessary delays, which is impacting on the attractiveness of Georgia as a destination for international investment in the mining sector.
We ask for your prompt attention to resolve our application and allow the company to push ahead with our plans to develop new projects in Georgia, for the benefit of all.
This is a matter of extreme importance and it is not portraying Georgia in a good way. Hopefully you can get this resolved as soon as possible.
Kind Regards
"