Member Info for leapfrog

Apologies for all the errors ! I have small glitch on my computer which when typing suddenly changes the curser position for some reason.

We disagree,I always assume anyone interested in a stock will research it prior to investing therefore they will be fully aware of the ownership and financial arrangements that NMG made to acquire its investment~It is clearly written in past RNS releases The JORC compliant is being undertaken. There is in place the Russian standards which give in my view give a lesser picture of the assets available.The Russian limited assessments are of considerable age probably carried out in the last century All JORC does is place a criteria for valuation on the assets to enable Banks etc., to deal with financing against various factors including the ore reserve estimates. Also JORC compliance is carried out on assets in the ground and what is there so reserves if they have not been fully exploited as in the 6.6 million ounces of gold what are they? Public Reports prepared in accordance with the JORC Code are reports prepared for the purpose of informing investors or potential investors and their advisors. They include, but are not limited to, annual and quarterly company reports, press releases, information memoranda, technical papers, website postings and public presentations of Exploration Results, Mineral Resources and Ore Reserves estimates. The share is so cheap beyond belief,that is my view. ~cheap taking into account the obvious risks, The risks associated with any early investment here are very high but will be reduced in by RNS releases specifically when production tests are started.Set against that is the early investment gain. We have no idea of production costs except the knowledge that logistics are all within a very small distance which allows ease and speed of production at minimal costs. It is a possibility that if the POG goes higher or maintains its level the Austrian assets may be disposed off or a JV found. AtB

We have no figures yet or idea of the cost of production, all we can assume is that modern updated mining methods may well be used. The logistics for processing ore are within some 6 miles or less from the ore mining area.All of which indicates low production costs against a POG standing at a fluctuating $1250 or more an ounce Our sp is less than one seventh of a penny.Check it out. pog We do have astonishing base assets some 6.6 million ounces of proven gold reserves.Also valuable Copper annd Silver

Once a date has been given for Gold production to start then the sp should react well ~ add in the potential increase in POG,the known reserves of 6.6 million ounces and we have a very real chance of seeing the sp in the region of 5 or 6 times what it is now. i.e. towards 1p if not in excess maybe outwards 1.5p If all the other reserves are taken into account and the price of copper and silver etc., appreciate then the sp has a long way to travel.

Looking at the share trades also checking trading price with dummy buys and sell it would appear most deals shown as sell are in fact buys. If correct it will add spice to trading activity when the share price gets moving.

It is not LSE or an NMG fault they have nothing to do with the share transactions or the recording of them Its probably a system where the mms are looking to fulfil orders for their client list of dealing platforms when they may not have enough stock hence the slight price variation and the late reporting or it might be found on ISDX as was recently pointed out to me. So long as the account shows the transaction why worry.

Yes my purchase at 16 shows as a sell it was not,so I would suggest all the rest of the 'sales' at 16 are in fact buys.Talk about giving a false impression of numbers purchased.

Just added over a million more at 0.16p. which will show up as a sale~ it was a buy I don't think JORC will get the share moving ~ all JORC will do is confirm in greater detail what is already known to be there.So it will back up the sp~ being undervalued and should make it move but my view is most watchers will wait till more news on production is available. What will get the share moving is spreading the word to other penny share BBs.

Not so sure we are unloved, perhaps not enough penny share investors have us on their radar.BBs~ They might like to have a look at NMG asset base and then the sp~ 6.6million ounces of gold, over a gross 2 BILLION $ worth of easily accesable copper in the ground +silver and all the rest. Over 860 square Kims of licences mining area proven full of minerals. Our share price is what? 0.17p less than a fifth of a penny Absolutely for nothing.

Lethargy and fear is what your missing~ the BOD have in some eyes yet to prove their business acumen. The subject and potential market rage is gold NMG have masses of it plus copper etc., Logistics all on the doorstep, assets proven in the ground.Funded for and as you say beyond start up so whats missing~actual production is all.Once we have more certain information at least concerning start up dates then we can expect the sp to become none lethargic.especially if production targets are mentioned. As the time for the next RNS comes closer I expect a little more interest to be generated as the sp in my view is for nothing.

Reporting is a bit slow I added a further 750k late on today no sign of it yet.

I like the small number of shares in issue so its on my watch list

Hi, I also adding and yes I do expect the sp to move on the news of production by the end of Q3. There is also the possibility of the sp moving up on any major continuous rise in the POG for reasons already explained. I have also shown the sp in no way reflects the value of the asset base IF I am right we could see an sp approaching /exceeding a penny. If it did it would be great as we would be looking at a 650% to 850% rise IF the suppositions with regard to the sp fail, the option is to get rid of holdings ! At some point in time the sp always reflects the true value of the company.

For the moment I look at this share as a 4+ to 7+ month holding investment on a wait and see basis-Waiting to see production starting.within Q3 then within Q4 So this is not yet a trading share. With that view in mind this is perhaps one share to look at and keep on the watch list or buy in whilst at these low prices of less than a fifth of a penny with about the lowest spread possible.Whilst at the same time keeping an eye on the POG because if iPOG moves as many pundits are predicting it will help sink this sp into history.

Steny~Thank you I had not thought of checking ISDX.

I picked up a further 2.1m at .15 this morning and the deal is not showing ? Nor are several other million plus trades?all at .15p showing on my screens as sells?don't think they are sells.

There are two clearly stated production date criteria as stated one within Q3 and one within Q4. Reading the various RNS will show why that is the case.There is also a stated 50,000 ton stated throughput which is for fast production test purposes. There is very little capex expenditure we know exactly what is being and has been agreed to be spent by NMG over a two year period which is $6million. NMG is financed through to and beyond production. So the BOD has targeted production from a minimum 2 sources to eventually run concurrently? There is a minimum 6.6million ounce gold reserve to be exploited. The logistics for all movement of ore etc.from source to processing plant, takes place in under a 7 klom radius so the transportation costs and implimentation costs are minimal. It is expected the cash flow from the gold will build up a cash roll to enable further exploitation of other serious percentage assets, all high value.holdings including a known million tons of copper, 22 million ounces of silver,22,000 tons lead 50,000 tons zinc, !.5million tons of Barite plus various other high value minerals~ The area of exploitation some 860 plus sq Klms is awash with mineral deposits now beginning to be evaluated in JORC terms Original calcs., based on a GP US$1000 gave a profit after costs of between $200 an $300 right now we are looking at $400 to $500 which would mean £30million to £40million a year once the operations are on full song.(Research into local mine production costs proved up better than expected)There is a large disparity between production costs in Austria and Georgia. If the POG runs away because of the Trump mouth disaster potential~USA going onto the gold standard then the Austria asset has the potential to be sold off. Certainly NMG is well worth considering as a potential term investment with a share price than can be expected to lift off in the next 12 to 16 weeks if not before.

I don't think enough investor interest has arrived yet,so possibly a number are watching, it seems quiet a few are sitting here with investments in place because they see what we see but they are concentrating on the immediacy of investments made elsewhere. Our sp will only start to move up when the reality of Q3 ( 16 weeks ) production is a lot closer and we have confirmation our expectations are on target. ONCE WE HAVE NEWS production has started it will be a whole new ball game for the sp and I expect the sp give or take to be around one penny plus instead of a sixth of a pence as it is now.

This backs up my reasoning why the sp is for nothing and it is not rose tinted glasses but reality specifically with the BODs stated production timing data for Q3 and Q4. @@@@@@ Highlights · Transaction represents a major transformation for the Company. Total mineral resources (non-JORC, C1, C2 & P1 Soviet Reserves & Resources) for the overall project area are both significant and scalable, comprising: o 980,000 tonnes of contained copper; o 6.6 million ounces of gold; o 22 million ounces of silver. · Title is secured via a 30 year exploration & mining licence which surrounds an existing operating mine and production facilities (owned by the Company's joint venture partner) providing immediate access to toll treatment infrastructure; · Three high priority, drill ready targets within the Bolnisi landholding, each has an existing high grade resource inventory (non-JORC, C1 & C2 Soviet Reserves) including; o 450,000 tonnes of copper ('Cu') (average grade 1.31%) o 835,000 oz of gold ('Au') (average grade 1.16 g/t) o 20 million ounces of silver ('Ag') (average grade 23.71 g/t) o 22,000 tonnes of lead ('Pb') (average grade 1.23%) o 52,000 tonnes of zinc ('Zn') (average grade 2.9%) o 1.5 million tonnes of Barite ('BaSO4') (average grade 27%) · Short term focus, utilising existing cash reserves, to immediately commence work programmes necessary to increase the resource base whilst at the same time converting the historical non-JORC into JORC compliant resources The overall resources is the main stay of my reasoned thinking the sp at less than a fifth of a penny is for nothing.

Because the current share price of 00.17 of a penny for NMG does not reflect anything for the potential or up to date NAV of the resources including cash, enough available for GOLD production to start from its 6.6 million ounce reserves in both Q3 and Q4 as stated by the BOD.Add in the further third prospect of a later 2017 start to Austrian gold production and it can be seen why the sp is for nothing. On the basis of the above it is entirely possible the sp will make 6 to 7 times the current price and touch just over a penny easily within the next 6 months. The one main assumption for this to happen and be de risked is production.