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Excellent news! There's much more gold there than initially expected - the target has been greatly exceeded - and the company is expecting to upgrade this maiden resource. Gold mining is going to be very profitable at KB with very low costs - see the agreement from last year. The most amazing thing is that gold production is really a bonus as beneath the gold lies a huge copper resource. I'm surprised the so is still very low as the current market cape grossly undervalues the resource GEO are sitting on.

I'm disappointed with the results as I hoped the company would be closer to being profitable. The company outlook is to reach breakeven during the next twelve months. That's not good enough given the favourable climate for cyber and that JB said in an interview about 2 years ago that the company was on the cusp of being profitable. It looks like another placing will be required at some point so that's probably one of the reasons it has been sold off so far today

I'm disappointed with the results as I hoped the company would be closer to being profitable. The company outlook is to reach breakeven during the next twelve months given the favourable climate for cyber and that JB said in an interview about 2 years ago that the company was on the cusp of being profitable. It looks like another placing will be required at some point so that's probably one of the reasons it has been sold off so far today

The owner of the mine also owns 50% of the Bolnisi licence so the mining agreement will be on good terms. GEO already have an agreement for gold production and the terms are very favorable.

The chairman is in his mid seventies and was non-executive. Due to the progress made in Georgia it'll be interesting to see who they can recruit to replace him.

Yes, another very good RNS. Great gold grades and all on track for a much higher JORC resource and production this year. I'm surprised the SP has fallen this morning but it won't be down here for long

It would be nice if the company could finally announce some significant contracts. They seem to have ratcheted up costs but I'd like to know where the revenue will come from

After reading the new corporate presentation I can see why the institutions have been loading up. My only surprise is that the market capitalisation is still so low. Surely it's only a matter of time before it rises to £50 million plus given the huge potential of the resource GEO is sitting on

Very strong finish to the week as it closed on a high. Looking great for next week. Given the prospects the market cap is way undervalued at the moment.

With funding sorted the company will get stronger now as production ramps up at West Kytlim and revenue starts to increase.

I'm expecting a good day today here. The late RNS yesterday shows that the loan uncertainty is likely to be resolved. That has been holding the SP back for months. With the financing situation resolved the company is hugely undervalued. West Kytlim will have full production this year after trial mining in 2016 and the company has made excellent progress on Monchetundra. There is also a chance a deal will be done for the gold tailings on similar terms to WK. I'd be surprised if EUA is not trading back over 1p in the coming days.

We've known for a while that it was likely that MTR wouldn't proceed with StR as they are focusing on other projects. I think this is good for EUA. MTR funded a lot of the work done and now EUA have potentially 67% the upside is much greater. If they could negotiate a revenue sharing deal like at WK it would be fantastic news. The other projects are on track. Debt repayment not mentioned but if you ask the company that is in hand and there are several options available to the company without the need for significant dilution

SLP have to pay processing & refining costs to Impala and also chrome penalties. The RNS stated that the penalties were higher than normal in the quarter. I was hoping for a larger increase in cash for this quarter as platinum price has fallen since then. I think the directors are taking too much out of the business at the expense of shareholders. The salaries are high and all the share buybacks are being used for their bonuses.

Jim, I agree. the shorters are the only winners here. I must admit I don't really fancy gold exploration as that usually entails plenty of placings to fund drilling campaigns

Some were saying that the BASS deal was gonna be worth 4 times our market cap but all that talk has evaporated now.

So we're only going to get up to £2.4 million from Bass which is about our current market cap. I feel like the mine has been stolen from us! The company is about to take a new direction with a reverse takeover of a gold asset but I think our stake is going to be substantially diluted and we'll be left with bugger all. Ever get the feeling you've been cheated?

Wouldn't it be better to wait for the next placing? It can't be far away now following the information in the RNS.

Tin hats at the ready this morning!

I'm hoping we will break 10p today

Good to see a decent rise in PGM prices so far today. Let's hope it is the start of a recovery and they don't get slapped down in the US session as has been the custom recently.