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I'm not prepared to risk losing out on the opportunity now to take shares at a such a bargain price. The market cap is around �16 million now and I see the potential for this to be a �75 million company given the potential size of the asset and the favourable conditions for copper and gold. The news here has been consistently good in 2017. The production agreements could be announced anytime soon and even if production is held back it will only be because of continued exploration success.

Just bought 50k shares. There's a golden opportunity to take shares now from the impatient. The share price is at a bargain level now. The company has only held back on production as it has been so successful in exploring the asset and building a sizeable resource. Production will commence when it is in the best interests of shareholders to maximise the value of the resource. There is no hurry to get the copper and gold out the ground as the commodity prices will continue to rise in my opinion. The company also has plenty of cash. I don't understand why shareholders are so fixated on starting production when the true prize is building a very valuable resource. Anyway I have certainly taken advantage of the current share price weakness.

What new information about production did Shard reveal in the report?

yes, the shares are definitely on a Black Friday sale today. I'm very confident we'll see a much higher share price in the coming months

If they were to sell the licence, I'm not sure the purchaser would necessarily want ongoing production at the local partner's facility. They would probably want to build a dedicated plant.

I personally think that shareholders are focusing too much on production. The real prize is building the resource at Bolnisi. Once the phase 3 target is achieved and we have a resource of 50-70 million tonnes or even more GEO will be in a very strong position. The company is now well on the way to achieving this target, which only seemed like a dream at the outset.

WOW - KB is an absolute monster of a deposit! I love this quote: "n effect, the KB exploration and drilling programme is potentially moving from a stage of incremental growth to one of exponential growth in line with the documented exploration and development strategy." Exponential growth - it just gets better and better here.

The timing clearly shows Ruffer sold due to the poor interim results. It is very far fetched to suggest any other reason they sold as it was on the day the results were released.

Exactly Dibs. At the time I believed what the company was saying and waited around for some big contracts to be announced ....... but they never came. The board has lost all credibility now and it is patently obvious from the interim results that a placing will be required in the near future.

Looks like Peter Gyllenhammar decided it wasn't a good idea after all to invest in RRR. He still has over 53 million shares though. I wonder who will want to buy them from him?

The company has been saying for over two years that it will soon be at breakeven/profitable - I just rewatched a JB interview from 15 July 2015 where he talks about this. However, the recent interims show that they it's as far away as ever. Revenue increased 18% but admin costs rose 120%. No significant contract wins have been mentioned in an RNS so I can't see Falanx getting anywhere near profitable by the financial year end which makes another placing a near certainty.

why would anyone buy now when the company will clearly need a placing early next year?

This fundraise reduces potential upside for shareholders. If the shareprice ever moves above 0.8p the note holders can opt to convert the shares and sell the them into the market. This will create big resistance above 0.8p. AB obviously expected Steelmin to have paid back the loan by now so what has gone wrong? I think Steelmin have struggled to raise alternative finance on more reasonable terms.

I'm surprised more people haven't picked up on this. A deal for Mochetundra could land any time!

I can't see how RRR are going to fund the substantial monthly payments to YA. Unless this is resolved soon the share price is going to come under pressure as YA are able to sell RRR shares for a profit. Under the agreement YA can sell shares into the market for a profit as they can convert them at 93% of the VWAP.

Due to the positive outlook for copper, the big boys are looking to buy sizeable copper projects. I wouldn't be surprised if GEO gets taken over at some point given the huge potential of the Bolnisi licence. GEO is about to enter a news rich period IMO. Grab the stock whilst it's still cheap!

Excellent news. Great progress being made. Production agreement news should now follow very shortly. It just gets better and better here.

Excellent news today. This is just getting better and better. More news expected shortly confirming production agreements and resource upgrades.

Interview with mining analyst John Meyer who just visited Georgia https://audioboom.com/posts/6361628-889-rainbow-rare-earths-rbw-john-meyer-on-geo-aaz-and-simon-wajcenberg-on-powtoken-com It starts from about 7 minutes. I'm looking forward to the forthcoming drilling results even more after what he said about the drill core he had just seen. He sounds very confident that GEO has made a major new discovery. He thinks there is going to be a lot more institutional interest after the analyst meeting. This guy tipped Sol Gold before and thinks GEO will be the next big one.

I just bought some myself as I don't think the opportunity will last very long. Drilling results are expected any day. Yesterday's analyst note said the production agreement is about to be signed and that there is no reason GEO can't start up production very quickly.