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I'd be surprised if the sp doesn't break above 30p on the back of that note alone. Production confirmation could see it significantly higher than that

Not long to wait now: JV production & processing agreement: we surmise management may be close to signing their joint venture agreement with their partners and owners of the Madneuli mine and process plant. • While we don't know when mining of the gold oxide will start we can see how this could start simply and quickly when the JV terms are signed and the haulage route to Madneuli is confirmed. Conclusion: Georgian is making great progress with the resource at Kvemo Bolnisi. The team appear close to finalisation of the joint venture agreement. Mining of the gold oxide could start soon with processing at the Madneuli site.

Palladium has been on a massive bull run and is close to an all time high. Anyone know of a UK listed company that owns the rights to build a large palladium mine - preferably not in South Africa due to the potential for strikes?

Very interesting article in The Times today about Copper being the metal of the future. It says growth in the electric car market will lead to a surge in the price for copper. Electric cars use around four times the amount of copper than conventional ones which will increase demand and there has been a dearth of new copper mine discoveries that will limit supply. Geo are very well placed to take advantage of this.

Should be Midgard obviously. Predictive text LOL

I've no idea how effective Mudguard will be but I think it could be a fantastic marketing tool which could help them no end in winning new business.

Very interesting. I suspect they will be looking at financing the Seminovsky Tailings project for starters. Could get some news on that soon now a MOU has been signed.

Now GEO have reached the required spend on exploration to take 50% ownership, going forward the company is only responsible for half of expenditure. The local partner will be responsible for the other half or will be diluted in which case GEO will end up owning more than 50% of the licence.

Excellent news from GEO today. Their 50% ownership of the Georgian licence is now confirmed. Importantly, GEO is now only responsible for 50% of exploration costs. The local partner will now have to contribute 50% or it will be diluted so GEO's ownership percentage may increase.

TW will also be ramping today's RNS his followers later plus the company are likely to give some interviews which could give the SP a big push

Yes mate, for now! The price action is very interesting. If the buyer's overhang is cleared we could easily see 10p+++ quite quickly IMO

I think there were three main reasons behind the large fall in the share price: 1. A large seller 2. Summer malaise 3. Lack of contract announcements and concerns over whether the company had enough cash to reach profitability. Does today's RNS mark a turning point? Well, perhaps: 1. Stephen Myers had 4.1% left on 18 July, down from over 10%. So if he was intending to sell his remaining stake he has already had plenty of time to do it. 2. The summer lull is now over which could prompt stronger buying pressure. 3. Today's RNS reiterated that existing cash would be sufficient to take the company to profitability. Also some progress has been made on winning new contracts. Midguard sounds exciting and sounds like it has the potential to be a game changer.

I wonder if Stephen Myers will use any increased liquidity after the RNS to offload the rest of his stake?

Today's rise due to a rampy Tom W tip is likely to be sold into. I think the sp will continue to drift downwards until the company can start winning some meaningful contracts. Shareholders have been waiting ages but nothing has materialised apart from one some time ago that was pitifully small.

Even Arminius couldn't say today's RNS was bullish! Stratmin's main asset was it's listing on AIM. Listing fees are substantial so I can't see anyway back.

Shame this had a bad ending. Shareholders were well and truly shafted.

Superb RNS. The company is making excellent progress. KB is turning out to be a huge resource. Not much longer to wait now for production to commence

Looks like Steven Myers isn't too happy with the company's performance and has sold down his holding from 10.17% to 4.1%. There could be more downside if he continues to sell his remaining 6.35 million shares

Looks like Steven Myers isn't too happy with the company's performance and has sold down his holding from 10.17% to 4.1%. There could be more downside if he continues to sell his remaining 6.35 million shares

Spot on Dibs61 - it seems they are only getting 'tit bird's eye of business at low margin. After the salesforce expansion we were expecting to receive RNSs outlining significant contract wins but nothing materialised. An analysis of the recent results shows a worrying picture. The gross sales margin is a paltry 20%. Given the admin expenses in the second half of last year, I reckon admin expenses for the next 12 months will come in at around £3million that means sales will have to rise to £15 million just to break even (assuming constant sales margin) and that ain't gonna happen IMO.