Member Info for leapfrog

They are heading towards the first 50Mt target in quick time with sufficient Jorc resources for at least 3years mining to begin with. To put the 50mt target into perspective it means their is enough throughput for 50 years at the partners mine processing facility. That won't happen because if the resource target is achieved they have indicated that they will have another stand alone mine up and running with 2 to 3 years -meaning they will be counting the gold and copper output from 2 mines. The second mines output target must already be under consideration bearing in mind we as shareholders are the last to know. I believe the extensive old Russian resource reports indicate at least enough material fo a further 750MT to be jorc confirmed .To that end they mention other identified target areas which bears out my understanding that there are a dozen more zones similar to the combined GZ1,GZ2 and CZ1 overall target expectations of 50mt Of contained G,C resources.somewhat huge to say the least. Also mentioned are the ongoing mining and processing agreements discussions with no definitive date given although they must be close. Previous information says that they will be mining this year. ML, no problem,I thought through your suppositions concerning bid possibilities combined with this RNS but think it becomes more realistic when 50mt resources plus on going expectations for resource confirmation growth are in place.

Typical these days,good progressive company showing decent results with ongoing expectations and the sp does nothing of note so it's a long term investment.

This is a far fetched idea and early days yet primarily because there are various notification points concerning holdings plus I hold the view that GK would not be willing to have the company taken out. Nevertheless to reiterate my comment from earlier it seems there is a steady stream of decent sized deals going through,in this case is it someone quietly stake building with a view to an early acquisition.

One of the problems with any potential take out bid is the price? Once production starts and the expected figures prove up it is a reasonable assumption the sp will start running even more so on any announcements for the building of the expected second stand alone mine/processing plant bearing in mind their would be no point in a second mine without the ongoing increase in resources plus we will be cash heavy so be able to build the mine probably without recourse to additional funding? So any bid will have to exceed expectations by being in the £ multiples. Many assumptions made

I think such purchasers are IIs,not many individuals are willing to splash out £300k+ on a relatively as yet unknown small company despite a mountain range of resources. There seems to be a steady stream of larger purchases all good for confidence in the sp.

I am not so sure cash burn is a problem anymore, income growth is towards exponential ,figures so far so good judging by the last 4Qs announcements. The shares are on a slow steady move off their lows if that continues I would expect the sp to move quicker on growth confirmation news despite pencilling in a much reduced loss.

No-if the RNS are read correctly it can be worked out what the expected value per share might be according to the cash flow from the 1MT throughputs expected output of copper add gold over the first year of mining /production,nothing else. Valuing the resources is another matter. For instance the Australian price for JORC validated gold in the ground resources is around $50 per ounce. I do not know what it would be in Georgia as the labour costs are much lower. So far wE have access to 7.1 million ounces plus - The $50po has many variables as in deep mining,hard rock,local environmental legislation etc., ad infinitum For arguments sake if the gold resource was JORCED @ 10 million ounces and put up for sale a price of a seemingly impossible figure of $500 million would be the negotiating point. If that theoretical situation was extant it would knock our mktcap 22million out of the window . In real terms our sp takes no account of the gold resource whatsoever if it did we would have a share price equivalent to $30ps which is well towards the lower end of the dollar per ounce curve for undeveloped reserves. Not including copper I will not bore you on copper. As for our resources continuing to be increased from all the available information It appears there is no doubt that we have only touched the tip of the resource mountain. Evidenced in part by the plans for a second mine before we have even started mining Do your own research.EOE Many times in the past I have said this shares has its potential priced in for nothing. Please do not rely on the information given although it can fully researched. Assumptions made.

The Russian resource reports were carried before the turn of the century. It was always a question of lack of Russian funding for development money bearing in mind resource development costs were set against much lower commodity prices at that time On the break up of the Soviet Union into autonomous states funding completely dried up. Georgia as other ex Russian states were left virtually bankrupt with large unemployment problems as Russian funded state operations were closed down usually without warning or notice. GEO happened to be in the right place at the right right to do virtually an all or nothing deal by spending $6+ million on their obligations to developing infrastructure and generating confirmation of available resources to secure their 50% interest in GCG. It has succeeded with ongoing confirmation to JORC requirements. The good thing about the successful outcome is their are no further serious CAPEX costs involved as the mine processing facilities are on site and immediately available for 1MT p a throughput. Once that income is confirmed and maintained a second stand alone mine will be built asapwithout recourse to shareholders for further funding -at that point the major European producer starts to become reality especially as the new mine will be paid for out of income. As before-GEO have within a recent RNS given information which can be interpreted as an income equivalent to 60pps now a little mean with the increased commodity prices and GEOs working estimate of I think $6000 for copper. The estimate of 60pps is actual income therefore it does not allow for any PE ratio.PE ratio will start to be generated on validation of GEOs income expectations. There is no information yet available on the plans for the o/p of the second mine. So step by step Second mine within circa 2 years. EOE with assumptions made.

The old Russian resource reports indicate up to 14 areas within the confines of the licence area that have massive C and G deposits. Some of the old drill findings are huge although remain to be validated. Which is probably the basis for the companies blue chip target for the sp. Very few if any AIM resource stocks to be found with the opportunity this one has for capital appreciation presumably its why several IIs and individual insiders have done their due diligence and invested taking some 60%+ of the stock whilst general public ownership is around 40% Overall if high demand results from the companies news flow then the price has to move forward FWIW my target was 60p from the RNSd information,as further resource informations arrive so 60p begins to look mean. Once mining starts I expect the sp to lift beyond 60p in short time Assumptions made.

$5billion = blue chip value for a major producer.

It would probably pay to read the three RNS dated 11th,25th,27th July for a better understanding of events, As to where the company is targeting business/production the following speaks for itself.The RNS for the 25th states-The focus is transforming GEO into a major European copper and gold developer producer. To meet such a commitment the sp has to increase at a considerable rate to meet the basic requirements of giving a MKTCAP of some $5billion with only a 114 million shares in issue ! No capex,huge asset base and a given income roll from the start of mining production.

What has 3 year old information got to do with what is happening in today's fast moving business arena? Old news is exactly that old news. What has his personal view on his selling price has got to do with PIs personal choice. A steady if slow climb appears to be happening with the sp probably because of the continuing quarterly update business expansion figures which are very encouraging.

The last RNS mentioned they would be waiting on the results of a further 28 drill holes from gold zone 2 due in the coming weeks before optimising plans for mining and processing agreement. Once that process is finished we should also have updated gold resources towards a potential 10 million ounces and a start date for mining. If the gold resource increases towards 10 million ounces and is added to huge Copper,Silver and other Silver 22million ounces etc., resources it will create interest for majors looking to replace depleting assets so a slim chance for a take out bid to appear -bearing in mind gold in the ground is worth circa $ 50 an ounce Assumptions made.

Still ranting the same old garbage pickle,still a looser no change there then.

You will get nowhere with the FCA you are probably chasing and reporting the wrong person, Two directors did not resign, and continued with the company presumably paying debt and closing all its accounts.

The company did not cease trading in 2010 it was dissolved in 2014.he resigned 2012,the company continued trading into 2013/14 - if I remember he bought some of the companies work. None of that has anything to do with GEO. Do your own research. Do your own research.

Mms and brokers job is to make money by answering to the mkt requirements, minor price competition between MMs may appear to manipulate the sp. As such the sp rarely if ever moves in a straight line. Here the support for the sp is built around the extensive resource value allied to near time expectations of mining and production news. Demand for the shares may outstrip supply due to the known blue chip ambitions small free float Assumptions made.

The sad thing about that RNS is it shows just how little the new BOD know about running this company.

Is the sp on the creep towards a much higher price range as we approach production news? If so is it starting to reflect the position of GEO with its vast resources,no capex outlay for a mine,plenty of cash in hand Leading to a more or less debt free flying start to a rolling income equating to a minimum price target of 60pps+ based on available information with a million ton throughput for copper followed almost at the same time by gold? Is 60pps too conservative in view of the increasing copper and gold prices. DYO sp values from available info., It will take a few weeks to show the sp is on a rising trend pattern. Is it worth buying in now,adding a few more shares or taking profits? Each to his own.

I don't think in this case the most money is made from the exploration stage,here the resources enhance the production stage in view of two commodities due for production. They will start producing long before the full resource base of the single operational area is defined,bear in mind there are a least a dozen more known resource areas to be fully defined.