Member Info for AndytheMKDon

Aaaaahhh its all clear now.. Silly me.. Maybe they should spend a little more time winning the trust of shareholders who pay their salaries rather than brown nosing an oligarch.. I hope you are right as the Russians can get quite upset when somebody tries to turn them over.. !!

Austria, Georgia it doesn't matter, Kuenzel spends a fortune in Austria and then moves on without a mention. He never produced a Jorc figure for Rötgülden, if he had we could have sold the mine as a going concern and recouped some of the money we spent drilling holes.. I wonder why we never produced a Jorc figure despite banging on for two years that this was his intention..?? Please note in the statement below the date for approval of drilling Rötgülden had a two year expiry date from July 2014 so most likely have expired. What have we done since July 2014?? Nowt... The Rotgulden Project includes three additional highly prospective target areas located along 8km of strike running through the tenure. One of these, Altenberg, has previously produced grades of up to 86.4 g/t Au from sampling and a helicopter-supported drill programme had been outlined for the 2014 summer field season. Bearing in mind the complexity of the Rotgulden mineralisation, and the cost implications and logistics of undertaking a drill campaign at high altitudes, the Board has now decided to prioritise its operational and financial resources for drilling at Schonberg in the near term. The Company still intends to move forward with planning procedures for drilling at Altenberg and has been informed by the Austrian Mining Authority that the oral hearing to approve future drilling at Altenberg has been set for 2 and 3 of July 2014. This is the last stage in the approval process and will remain valid for 2 years. Notably, the Rotgulden Project continues to interest potential strategic partners who have approached the Board and discussions are on-going.

Below are the results from Rötgülden in December 2013, does the theme and "sizzle" sound familiar to Georgia?? What did we do with Rötgülden?? Fork all... Noricum Gold's Managing Director, Greg Kuenzel said, "These further fantastic results, which also include some good widths, continue to demonstrate the very high grade nature of the gold, silver and copper mineralisation at the previously producing mine within the Rotgulden tenure. We look forward to receiving the results from the remaining 13 drill holes which are currently undergoing assay testing at the lab. Once received, we will be in a position to complete the modeling of a maiden, high grade resource for this first of four target areas within the project area. With this in mind, we expect H1 2014 to be active in terms of news flow and with work at Schonberg ongoing and the first batch of soil samples already shipped for testing, we look forward to updating the market regarding our progress across our Austrian precious metals portfolio over the coming months." · XB03 - 21m @ 4.04 g/t Au, 23.86 g/t Ag and 0.16 % Cu from 0m o Including 3m @ 9.14 g/t Au, 42.8 g/t Ag and 0.17 % Cu from 12m o And 2m @ 12.45 g/t Au, 33.9 g/t Ag and 0.12 % Cu from 18m · RZ06 - 14m @ 1.98 g/t Au, 20.02 g/t Ag and 0.14 % Cu from 5m o Including 2m @ 7.78 g/t Au, 8.01 g/t Ag and 0.24 % Cu from 16m · RZ07 - 11.7m @ 0.96 g/t Au, 28.07 g/t Ag and 0.11 % Cu from 7m · C09 - 1m @ 9.93 g/t Au, 0.2 g/t Ag from 113m (partial) · C14 - 4m @ 0.71 g/t Au, 9.61 g/t Ag and 0.15% Cu from 47m · RZ7A - 1m @ 1.31 g/t Au, 7.65 g/t Ag and 0.15 % Cu from 10m · C14 - 1m @ 1.01 g/t Au, 0.51 g/t Ag from 43m · RZ06 - 1m @ 0.99 g/t Au, 2.51 g/t Ag from 0m · RZ08 - 1m @ 0.97 g/t Au, 5.22 g/t Ag and 0.12 % Cu from 4m · RZ07 - 2m @ 0.64 g/t Au, 7.21 g/t Ag from 0m · RZ7A - 1m @ 0.63 g/t Au, 9.90 g/t Ag from 1m · RZ7A - 1m @ 0.56 g/t Au, 4.74 g/t Ag from 6m · RZ08 - 1m @ 0.50 g/t Au, 3.66 g/t Ag from 1m

You for real fella?? I posted below that I bought in at 0.09~0.1 so even at 0.145 I'm sitting on a 50% profit so no need for a lower price for entry.. You need to read what people say. If your talking about facts and truth read the statements below from the company in their year end results as to what we should have expected in Q3, their words not mine, now ask yourself how many were facts and how many of them were true.. ? You're sniping at the wrong guy, you need to get Kuenzel in the crosshairs and ask him why he continually changes the story whilst never delivering a jot of investor value,

Why the move on statement?? It's not hatred, its restating facts upon the past and current performance of the CEO simple as.. Please enlighten the bb as which part of your research we have missed that will deliver a "surprise" other than another slipping of deadlines to drill more worthless holes in the ground.. Investors want gold produced as Kuenzel pledged he would deliver in Q3. Below are the statements from the year end results published in April: Highlights · Actively progressed towards Q3 2016 low cost gold mining following the transformational acquisition of 50% of the Bolnisi Copper & Gold Project in Georgia · Noricum Gold now positioned as a near term gold ore producer and major resource developer o Total non-JORC resources of 980,000 tonnes of contained copper; 6.6 million ounces of gold; and 22 million ounces of silver o Work to convert these to JORC standards and identify new high grade target areas to build on current resource providing significant news flow potential and value upside o Funding for broader work programme expected to be delivered via cash flow from mining · Fully funded for production following raising of £1 million post period end · Strengthened Board with Martyn Churchouse appointed as Executive Director · Loss for the 12 months ended 31 December 2015 of £653,854 (2014: £1,372,756), which is in line with budget Noricum Gold Managing Director Greg Kuenzel said, "With first gold ore production set firmly in our sights for Q3 2016, our vision to generate cash flow to help fund our broader development of the significant resources already identified at the Bolnisi gold and copper project in Georgia is getting ever closer to being realised. The commencement of mining at a very small area within the greater Bolnisi tenure, which benefits from defined resources across 17 initial target areas, will prove to both our partner and the market that we have the expertise and capabilities to deliver production at low cost on a much larger scale in the future. Important to note is that in tandem with our production activities, we will be focused on developing and converting the historic Soviet resources across our licence area.

In the 2015 accounts the "Management Fee" was £344,578 an increase of 29% from the fees of £266,557 in 2014. Pray tell me what did Kuenzel deliver to deserve a 29% increase in fees let alone a cost to company of £344,578.. ?? OK some of this could be costs of other staff but I'll bet the majority is Kuenzel's salary. To put it into prospective the prime minister earns £143,462, so Kuenzel gets 2.5 X what somebody gets for running the country.. !! The only notable comparison being they both make a balls up of it..

It's not about congratulating each other, far from it, its about stating views upon the abjectly poor performance of this CEO over an extended period of time. In the five years I've been invested (to a greater or lesser extent) we have jumped from Lilly pad to Lilly pad never ever stopping long enough to catch a fly. Read some of the RNS's from 2012/13/14 where Kuenzel expounds the virtues of our wonderful Austrian assets, "a new gold production frontier in Western Europe" I believe is how he described them.. !! Where are they now.. ?? Forgotten about as they have served their purpose to fund his salary during this period. I wish you luck with your investment / punt and would encourage you to "watch the birdy" as it moves pretty quickly.. :+)

As you say its been a while, and as you rightly say my views are very similar to yours given the catalogue of false promises we have endured for many years, I'm astounded that he reneged on the production promise for Q3. I honestly felt that on this occasion Kuenzel would deliver, which is why I encouraged you to get even, not mad, however it seems my misplaced confidence that even knowing this was being set up for a punt, he would deliver some gold, he didn't, so oh how wrong was I. You've always stood up for your views and should be respected for that as that's what the BB is for, people to exchange views however they see it. I'm still in profit with this stock having bought most of the current holding at 0.09~0.1 and regret not outing them for a bagger at 0.2 ish a few months back, hey ho another lesson learned upon Kuenzel's BS. I'll most likely sell soon as have no confidence in the CEO to deliver anything more than another big spoonful of jam tomorrow. I don't know how he sleeps at night given his abysmal performance, he couldn't run a roadside chip van let alone an E+P gold company, he'll get his comeuppance at some point in the future and we can have the last laugh.. gl fella. :+) andy.

Neither am I over-extended here or bitter, to put it bluntly I am totally amazed.. Why totally amazed?? Well, Kuenzel hasn't delivered one cent of investor value whilst running NMG and even after spending all year telling investors, the press and media that production would commence in Q3 he reneged on it... You mention the price will rise upon resource news.. Really!!! We have had news on resources for six straight years during which the share price has declined from 8p to 0.145 (a 95% reduction in share price). In most companies the CEO would have been fired years ago, so why hasn't Kuenzel gone, simples, he answers to nobody. Each year at the agm him and his cronies use their (free) shares to vote themselves in for another year with the snout in the trough. Absolutely scandalous and that's why I'm "totally amazed" that nobody challenges the abject performance of this inept CEO, but in fact do quite the opposite and believe the "jam tomorrow" story.

Accepting your points, however this is one of the places people can vent there anger over the on-going jackanory story Kuenzel trots out to support the endless placing's and mates rates on options. I personally thought this was being lined up for one last punt off the back of near term production but once again Kuenzel over promises and under delivers. Part of the Perth mafia who have been ripping off aim investors at will for the last number of years un-fettered by the fca. Maybe best people voice their dissatisfaction with Kuenzel directly, his e-mail address is below. Gk@noricumgold.com

Being played in anticipation of first gold.. Directors awarding themselves vast amounts of shares at discount prices and when all the ducks are in a row they will let the price go and make a killing. This share is not for the feint hearted, load up when they load up and don't be greedy when the price rises as they will be selling as everybody else is buying.. My exit is around 0.2~0.25.. Kuenzel always has been an Aussie shyster, but if you know that and keep it in mind without getting emotionally attached to the share, money can be made..

As you say, very much under the radar, when it moves it can move very quickly, 30~40% rises in a day have occurred in the past. Good grades, near surface, local infrastructure and the resource appears to be open ended at present hence potential upgrades on numbers once drilling results published.. Hold for gold imo. :+)

Been buying since 0.008p and now have a nice few ready for announcement of first gold. We hit 2p when production from Rötgülden looked likely, can't see any reason why this sp will not be exceeded that given first production is only a matter of weeks away. Top it off with a rising gold price and we have the perfect storm. :+)

Good RNS onwards and upwards..

Now back to the upwards trend.. Will rise into the close imo and open higher in the morning. News on drill results must be due.. :+) 6th of April. RNS. · A total of 34 drill holes completed as part of a programme designed to define the initial resource, complete mine planning and pit design for maiden gold ore production from Kvemo Bolnisi in Q3 2016 · Programme extended from an original 19 to 34 holes to test the boundaries of the mineralisation and to better understand a possible extension to the mineralisation to the north east and west of the initial target · Results expected over the coming weeks and the Company remains on track for initial gold ore production in Q3 2016 · Drilling to commence at the second gold starter pit, Tsitel Sopeli, in the near term - updates to be provided

It had all gone quiet on the vx front, now you've invited comment again.. doh!! :+(

The moving average signal line is rising strongly, with the price in the rising channel occasionally coming to the MA and then bouncing off it. Looks to me as though the next test of the rising channel will be at 0.26~0.27, today maybe, but more likely tomorrow imo. :+)

Hold for gold.. 0.5p nailed imo.. Into profit even after past losses.. Kuenzel owes us.. !!

Already had a placing a couple of months ago, now fully funded through to production. Most of the placing shares have been moved through and the overhang has gone hence the re-rate taking place. 0.5p~0.7p pre-production commencing imo, over 1p upon first gold..

Looking very strong. Macd rising strongly as are the bollinger bands, looks like a breakout to me. Technical Events 10 bullish 2 bearish