Bleating14 Aug 2016 18:31
It is incorrect to suggest a 50% low entry deal is risky on the asset base ; what actual evidence is there to back that comment up? What Does 'clearly the resource estimates didn't come through mean?' can you show the evidence they will not be coming? After all they are in the middle of drilling ops to prove up further resources~ we already know about the massive gold copper silver tin resources etc.,
You suggest it is not attractive to NMG ? Only the Russians ~ Where are the Russians in the deal? Have I missed something?
In order to prove up a resource there is cost~ the cost will be substantially less than in Austria ~(check resource costs and all associated labour and licensing costs,time schedules and permission costs then Taxation rules and regulation in Austria and compare with Georgia.
You may know better?
With regard to any placing when will it be ? Are you suggesting NMG do not have enough cash to move the project forward without further cash raising if so instead of assumptions can you provide evidence?
With regard to Copper do you know what information NMG have from its partner apart from the Russian past information ~ no old core samples.~ to enable you to make that assessment~ If the new drilling has only recently been undertaken, what is your evidence for expecting results yesterday as it were~ I expect as the BOD have implied results and a better analysis of actual improved resources within a reasonable 4 months perhaps 6 months at the outside.
I also expect some solid information on when to expect start dates for both copper,gold, eventually tin to be in production,potentially all at the same time
I understand and expect delays and eventual fund raising ~it is the usual format for a start up resource producer~unless you believe in miracles !
All in all the asset base is acceptable to those investing long term or it is not ~if not sell the stock~ there is high risk.
Continuous bleating and showing fear of the risk is not good for ones well being.
Most research and fully informed PIs understand the high risk here.