Member Info for leapfrog

A steady low priced stock worth more than the existing sp with potential which is on my watch list as an eventual dividend provider.

Fracking and Rig count. Unlike conventional wells, shale wells have an extremely short life. Montana and North Dakota shale production is an example~ a new shale well pumping 1,000 barrels a day will decline to circa 250 bopd by year two, a massive 75% loss. By year three annual production falls to near zero.So to maintain original production/revenue levels, producers need to drill more and more new wells, So In fracking, there is intense year on year pressure to keep replacing lost production. The decreasing rig count is indicative of the relatively fast reduction in shale production. Whilst the POO remains low fracking is not worth the continuous capex requirements to maintain initial production rates.

Yes, I have been contacted and voted for both resolutions, it has to be received by 17.00 hrs on 15th Feb.,at the latest. As far as I am aware although progress is slow all is well. After the vote assuming its successful,the revised prospectus will be submitted,assuming all ok we should then list.

Trusting the sp picks up tomorrow as the POO is now 32.44 and I bought in for a straight trade if its possible as I think this is an excellent trading stock for the moment.If sp fails to pick up keep them until they do or for the divi which is well over 8% at the moment.

After years of keeping the stock as a rock solid divided play I have reluctantly sold off this part of the family silver as it were. The POO has some settling to do yet. So I can see another 15% to 20% off the sp should that happen I will be back in for a larger number of shares for the same cash as received from the sale with the intention of maintaining income level from the stock if the divi is cut.Meanwhile I watch with interest as this appears to be a very good dealing stock at the moment.

Since the Telegraph and Independent tipped this its fallen heavily, is that due to the potentially bad loan ratio or is that priced in now? Even if its priced in will bad news on that front depress the sp further. There is huge value here but when to get in is the problem.

What the report seems to suggest,is that the neighbouring miners main copper asset extends well into the our lease ! Also this from page 58;- 10.0 DRILLING In 2010 Ivanhoe Mines Mongolia Inc. (IMMI) drilled a total of 5 holes to test mineralisation. Four drill holes resulting in 7,032 m of core, from which 304 samples were collected for analysis. A fifth hole GST0005 over 900 m was also conducted but the data was kept confidential by Ivanhoe Mines Mongolia Inc. What was so important about the data that it was kept confidential,what was found to make it so?

Takes some reading but the important part is 17;- 17.0 INTERPRETATION AND CONCLUSIONS The exploration work performed on Gobi Mineral Groups Lease - Altan Tobchi by the past Russian/Mongolian Geologists and Ivanhoe Mines Mongolia has clearly demonstrated the presence of a series of porphyry Gold and Copper deposits. While their grades are not accurately known, they appear to have the potential to be economic. The adjacent property Tsagaan Survarga owned by Mongolian Alt Corporation now in product has demonstrated the project viability as similar regional and local geology exist on The expenditure for additional work, in Dr. Earl W. Abbott’s opinion, is fully justified by the geological and economic potential of the property. The potential for finding additional mineralisation on the Gobi Minerals Lease is considered to be very significant. 18.1 Proposed Exploration Programme It is anticipated that a multi-year effort will be required to fully evaluate the Gobi Minerals Lease. However, an 18-month programme has been proposed as an initial evaluation of the project. That programme is summarized below. CIC Gobi Minerals Group Limited has proposed that the detailed evaluation of the mineral potential of Golbi Minerals Lease be undertaken. This work is referred to by the Company as property De-Rising works. Work is at Budgeted £300,000.not expensive in real terms as a lot of information is already available. At least two potential big value markers in both COPPER and GOLD so could be sold to RT its neighbour once values established

The latest update shows things are moving forward albeit slowly,so at some point CICG will realist and CICC (CCCC) should list shortly after. Once those two are listed existing shareholders will be much happier.The share dividends etc.,should follow suit.

Anybody checked Barx a/c's for CICG values for a smile. I wish ! Have great new year.

Agree we should be nearly there,we have a number of expectations on the news fronts CICC, CICG Divis etc.,

Seems a quiet weekend here. Expecting CICC to launch also we should be hearing about share divi then relaunch of CICG.

This from the RNS clearly shows once CICG has conducted the de risking work then the GOBI is for sale. CIC Gold has appointed Dr. Earl W. Abbott Independent Consulting Geologist to produce a Technical Competent Persons Report on the Interest. The Company then will conduct mineral asset de risk works and seek to divest its interests.

It is completely false statement to suggest the cost of establishing potential reserves will run into the millions perhaps 100s of millions. if any research is carried out it will be seen that establishing basic reserve parameters cost a few hundred K at the outside a million or so and a few months probably 3 or 4 months .All the evidence is available if well research. As we are not becoming a producer there is no need to raise money for any production metrics. Just contact the BOD and ask for information.

It is a greenfield discovery licence so a bidding process was in place? The majors would have been aware. When bidding for a Greenfield site exploration licence,interested parties are allowed to assess the potential how that potential is interpreted is down to the different criteria each bidder has so values vary tremendously. Watch the gold production on the TV production concerning Joanna Lumleys travels on the Russian China Trans Siberian railway from Beijing to Moscow where they stop off in Mongolia and show how the gold is found its incredible its dug straight out of the ground literally in chunks of gold !

I have no idea what the GOBI asset will eventually be sold for but believe it will be in well excess of the price /profit ratio Libor Gansu achieved(Approximately 3.5million greenfield to 170 million proven. The GOBI may well do 500 million plus because of the double value aspect of Copper Gold Remains to be seen.

IF the BOD of CICG is spoken with it will found without doubt that CICG has no intention of being a gold producer or getting involved with gold production in any way shape or form.

CICG comes out of suspension when the prospectus is passed. 5.6 Million is not a lot for the existing potential proven by the surrounding areas. Potential has to be already part proven,the more proof the higher the price. GOBI is expected to deliver big time doing another libar. GOBI is a COPPER GOLD PROSPECT so the cost of gold production is zeroed by the value of the copper production. What is the value of Asset desirability once the risk is removed? Compared with the Libar Gansu deal this is somewhat bigger so.`expectations for this project are huge. CICG want this deal completed asap so I am expecting results within months.

The asset had to come in at Greenfield value. Value is increased by the de risking expertise of CICG , Once value is established it will be sold on giving CICG a hefty profit. CICG has no intention of mining the GOBI the 4th asset. We have at least 3 more potential acquisitions to make in due course. I did not expect the extra 200 million shares to be issued so we have 380 million in issue. GC has been relegated to an advisory position? The sp will fall back BUT move forwards as information is released on the derisking process so its possible a lot of penny share speculators will start to get involved. We will be experts in the waiting game

PI'S will need to understand THE INCOMING assets potential value and what it means for the company in terms of how long it will take in months to realise the value which once known will force the sp forward. We can expect more assets to be added(we know of a further two) Its possible the first asset will enable the financials for further asset additions without having to recourse to suspension again. Also I cannot see CICG just being used for three asset acquisition,if true then can we expect more than three additions overall otherwise the life of CICG will be short. i may be wrong but my overall sp target is around 59pps