Member Info for norfolkslim

Ha ha, you’re not alone. LTH here, and happy to continue holding long term, as have total faith in the board and the ambition.

"...the £20m at least to produce, separate and sell the gas will be coming from the gas fairy in the form of sprinkle dust." How about doing just a modicum of research? DM made clear in the presentation how committed he and Bo were to not dilute themselves (and us), and clearly expects no problem in the CAPEX for production being obtained from debt/loan, rather than dilution, as he talked about targeting first production by y/e 2025, and that initial production would probably need to pay off that debt before DIVIDENDS could then be paid

Having sold out at 5050p, I'm tempted to buy back in here for a medium term hold to see how things settle down and the Ameribank acquisition starts to play out. But I can see risk of a significant further drop in SP if negative impact of the 'Russian Law' or general damage to Georgia's economy (tourism etc) as a result of the adverse press. Equally, if the opposition were to get organised as a cohesive pre-EU coalition which managed to oust Georgian Dream in the October elections, then I could see a massive rebound in sentiment. For now, dividends will have diminished in real terms as a UK shareholder, given that it is priced in GEL and the recent weakening of GEL.

I would welcome anyone else's considered thoughts! GLA

I've just bought another £11.7K worth at 22.8p as this is testing 25p even before the scoping study, which should hopefully move it up into the 30s. GLA DYOR etc

I could quite well be wrong, but today's SP movement also looks like possible MM action trying to encourage holders to sell shares - first the 'carrot' of the spike up to 25p, and then the 'stick' of a quick shake down to 22p, before ultimately likely returning to a similar price range that the day opened. I've seen similar intra-day patterns before on other shares where we're in somewhat of a holding pattern and the MM's might be trying to encourage some share churn? FWIW I'm holding mine firm!

Completely disagree. The president's "veto" was always expected, and is purely symbolic as can be overruled by Georgian Dream, which is what they currently are showing every intent of doing, thus signing the "Russian Law" into law. The protests are about that, and are what persuaded Georgian Dream to discontinue attempts to bring the law in last year. If the law is voted in as expected, then expect another significant drop in SP. If the mass protests and/or EU and USA pressure does persuade Georgian Dream to drop the law (again), then expect a SP rise, but with the continued risk of a possible Russian invasion (as with Abkhazia and South Ossettia) a material ongoing risk to Georgia's future stability (and thus the SP of BGEO).

Good luck (and to all shareholders) - I can't see sentiment and SP recovering unless either (i) or (ii) in my earlier post should happen.

Such a shame this great share is being dragged down by the current turmoil. I sold out at just over £50, and will be sitting on the sidelines, watching closely until either (i) the law is withdrawn (again), or (ii) elections in Oct manage to oust Georgian Dream. My heart goes out to the brave youth of Georgia - at the end of the day they're the ones who matter, not a company share price. :(

I agree that there must be limited free float, which is why the SP is moving so quickly. It will continue to do so if holders HOLD! I'm not considering selling a single share until 30p minimum, and I might then top slice a third to protect my original investment and let the rest ride to results and (hopefully) onwards. GLA DYOR etc.

Yep, and comments from the EU that the enactment of this law would be a serious block to Georgia's ambitions of joining the EU. I sold all my shares at 5069p yesterday - annoyed, as was debating selling them at 5550p earlier in the week, but you can never judge these things perfectly. I think that unfortunately there will be further volatility / scope for SP retreat unless/until the progress of this law gets dropped.

Please let's not have those sorts of nonsense comments for this share. What next? "Oooh the MMs are holding this back!" etc etc. lol.

JWB, show me on this teddy bear where the 3 x bagger SP rise on my investment to date hurt you.

Quiggers - live share prices also available on investing.com - I use the app. 👍

To give you an idea of the nonsense being spewed here:

"This share price could be anything from 50p to £2 pounds if the flow tests are good. ". A SP of £1 would require a 73 x bagger from the current SP, given the 3.72 BILLION shares already in issue, and that's without ANY further dilution whatsoever. Absolute cloud cuckoo land.

The current SP is actually due to:

1. Massive previous dilution at/sub this price.

2. The market's anticipation of even more significant dilution, which if the past (and the wider money raising market) is anything to go by will be at a hefty discount to the current price.

I know - it's strange isn't it? Compare to the rapid cesspool of stocks like HE1 (where sadly I didn't fare so well!) :)

Alans55, your comment: "Deramp this but ramp Hex. Compare 88E raise with this says it all about you."

I don't ramp or deramp: I simply state my views as I see them in a calm manner. My outlook on HE1 is negative for all the obvious and glaring reasons: dilution death spiral for any existing SH, likely imminent further massive dilution and SP drop. I am positive on HEX because: newly listed, experienced BOD, easily workable jurisdiction, cheaper drilling (drill already secured, and not one which looks likely to fall apart multiple times like with HE1) and fully funded for its programme, with results in short term in Q3. Essentially, the "start of the journey", the phase in which HE1 saw its huge rise. And as for 88e, I was in there for years, patiently averaged down, and was lucky enough to have £8k at an average of 0.3p, which I sold all of for a 10x bagger. I then split that £80k, into 4 x £20k investments in "safer" / dividend stocks, and invest less than that (c. £50k) in the more high risk stocks (AET and BGEO being big winners). HE1 was by far by largest loser, and any comments I make on HE1 are intended to make other pause before jumping in with both feet and losing their hard-earned.

Mine are: raise within the next 2 months (probably sooner) at 0.8p.

No.

Crypt, whilst I admire your optimism, the track record of HE1 shows precisely the opposite pattern - share price decimation, followed by heavily discounted massively dilutive placings against an ever-diminishing share price. There are no credible options for fundraising which is not further dilutive - otherwise, they'd have done so previously when the SP was at higher prices and the company in a less distressed financial state. It gives me no pleasure to say this - I've personally lost significant monies from previous investment, and am now out and simply trying to present a reasonable and non-emotional warning to others, not just spouting TO TEH MOON BOOM etc