Member Info for panda1

Interesting! Looks like the TR-1 is from an ultra-high net worth individual.

Excellent needs indeed. Great to hear that all is proceeding well with Monchetundra. This should restore confidence and help the share price to recover

I used to be in SLP and did well out of it when the price doubled from 6p. However, I decided to bank my profits as I felt South Africa has a high Jurisdiction risk and the the well documented problems with the power company Escom adversely impact production. Also PGM producers in SA are platinum dominant whereas it is better to be positioned in palladium plays like JAN at the moment given the outlook for commodity prices.

The placing wasn't popular with existing shareholders buy it looks like a great buying opportunity now bow the placing price. The current market cap. greatly undervalued the assets IMO

The cash burn has been greatly reduced to around £30-£35k per month since the interim results so there's no need for the company to raise funds.

As there's not yet been an AT trade today the price change is reported as 0%

Artyh,
Yes, it's surprising given what was said in the last RNS:
""We're pleased the Resolution on the exploration permit was finally addressed at a Government session. During the meeting there were minor points for clarification raised with the Mining Agency, which were satisfactorily addressed and we are now awaiting the final approval. It is our understanding that all of the Ministries have responded positively and there continues to be strong support for the application."

You would have thought that if there really was any government opposition then the application wouldn't have made it all the way to the very end of the process.

I'm sure the directors are even more frustrated than we are about the exploration permit and I'm confident they are doing everything possible to get it over the line.
The last RNS on 11 January stated that they were awaiting final approval. If the situation had changed I think they would have to put out another RNS. I'm certainly not throwing in the towel now and sell at the lows. The permit could land any day.

Fantastic news!
'potentially world class vanadium deposit' doesn't get much better than that.
Surely we'll see a big re-rate on the back of that. SP is laughable given the quality of the assets at Pedra Branch.

On Sunday, Georgian Mining is doing a presentation at PDAC together with representatives from the Georgian government https://www.pdac.ca/convention/programming/presentation-reception-rooms/sessions/presentation-reception-rooms/3rd-annual-western-tethyan-belt-session …

For those of you not aware, PDAC is a huge event in the mining calendar. I think it's a very positive sign that both GEO and representatives from the Georgian government are attending the conference and hopefully it's a sign that the exploration permit will be forthcoming shortly.

Interim results out early and clearly shows the company is funded beyond delivery of BFS without needing to use the $1 million loan facility.

I think Swizz could be right that there is a reason the results are out a month early.

Artyth - Like yourself, I've watched all the interviews and read the RNSs. The delay to the exploration permit extension is both surprising and frustrating for shareholders and management alike. I don't think Mike Struthers has been disingenuous with timelines and he has just been relaying what he has been told by government authorities.

However, I'm still very confident the company will receive the permit shortly. It's passed through all the necessary stages, albeit at a snails pace, without any serious objections. It's been agreed by Mining Agency, endorsed by the Minister of Economy, the government resolution has been finalised and passed through other ministries such as Finance and Environment, and now it has passed through a cabinet meeting at the end of December 2018.

If there were any serious objections I don't think the permit extension would have been passed through all these various stages. The company is now at the final point in the process which requires the permit to be signed off by the Prime Minister.

With the benefit of hindsight I put the delays down to the change in government, and the new government having a busy agenda. For example the process was delayed between June and September as the Minister of Economy didn't take up his role full-time until 10 September. Renewing the exploration permit, whilst crucial for GEO, was probably not at the top of the list of priorities for the new government.

Artyth - I just read through your recent postings.

I fully share your frustration with the delay in the renewal of the exploration permit but I would like to set the record straight on a couple of issues:

You said the 'investment was wasted and we even found out that most of Keunzel’s drilling was waste of time and even at the wrong angle'. The drilling programmes run by NMG/GEO were planned and executed very well. The drilling at the 'wrong angle' actually applies to some of the historic drilling on the licence which was done in Soviet times.

You said ' It doesn’t inspire me that they haven’t got on with actual infrastructure during mining shutdown. The Company does not seem to have much confidence in getting the permit, as they could have constructed the road to the plant.' The company has a clear route to production: infill drilling - metallurigcal test work, JV Production agreement - feasibility study - positive production decision - build road - commencement of production. The company is very confident of receiving the permit in the near future but the road haulage road won't be constructed until after the completion of the feasibility study/production decision. From what I understand the road is likely to take 1-2 months to construct.

Am I right in thinking Fiona was given a large bonus when she joined? I think she should be made to pay this back given she resigned as CEO after such a short period.

Talking of the auction, I see someone has got an order in to sell 10,000 shares at 1230p. I hope that gets filled soon ;-))

Average grades for vanadium and titanium are 3x higher than initially anticipated by management.

Even if we saw a 100% rise today, JAN would still be massively undervalued.
I think the company will be taken out long before production which would mean a huge payday for shareholders.
Brian has done this before with previous companies.

Fantastic RNS - the news here just gets better and better!
I really can't understand why the company is still massively undervalued. Surely we should now see the start of a huge re-rate?

Thanks crumbs

I asked this question earlier but didn't receive a reply.
Can anyone give me an idea of how many patients SCLP are looking to recruit for the phase 2 trial and the expected trial duration for each patient. I've read through previous RNSs but couldn't find any information on this.