Member Info for ryn82

As per the company interviews and RNS's 1) the final pit plan for pit 1 ie production volume and rates, will be released once the results of the drill program have been fully assessed and announced to the market. The drilling dor this has been completed 2) the copper discovery per recent RNS will be the third starter pit to commence production in q4 2016 3) details of pit production will be analysed and announced following completion of drilling currently being undertaken You are bieng very selective in what you are looking at. Pretty simple stuff

True, NMG had been a dog a long time until Georgia came along. It's a fantastic asset and NMG are lucky to have been given the option to take it up. Change is afoot here and the market is sleeping ....for now. Good times ahead.

Lol, not tryin to wind him up just show him a point of view and information from the other side

He was at lundin mining and focussed on Georgia for 3 years. Lundin had two assets to acquire, one for $1.8bn and Georgia for £6m. They went ahead with the $1.8bn acquisition but felt that if they went ahead with £6m deal with Georgia this would create confusion with shareholders and prove detrimental to confidence. As a result Martyn who had built up relationships with the local population and politicians ontop of the mineral knowledge wanted to stay with the Georgian project and approached NMG. Martyn feels that the Georgian asset will prove to be a mid tier operation and wanted to stay and prove this. This is his baby and left lundin to stay with the asset which speaks volumes about the asset, he even invested £500k in it. Think about it.

Do you know the difference between capex and opex? Just a question that's all.

Not getting into an arguement with an ex/current holder with badly burnt fingers on previous NMG investment. The values are in the ground. Speak to the company, Greg and Martyn and do some of your own research on the Georgian assets. Have you even checked out Martyn churchouse? As stated I am invested in the new NMG strategy. One that has the option to mine this vast resource. As I'm invested of course I am bullish. You are badly burnt so cannot let go of the past. That's fine, I believe in all people giving an opinnion. I look for reasons to invest in a company as oppose to others. Some of your comments are with merit some are based on past performance which has been poor for shareholders and some are based on lack of information. Good luck to all. If you had been bothered to speak to the company or digest any of the recent RNS's you would see the statements and intentions on the starter pits.

something I cobbled together lets break this down 450,000 tonnes of copper at an average grade of 1.31%; this equates to 12.9m pounds recoverable = $28m at $2.2 per pound 900,000 oz of gold at an average grade of 1.11 g/t; 900k oz at $1250 = $1.1bn 20 million ounces of silver at an average grade of 23.71 g/t; 20m oz at $17 = $340m 22,000 tonnes of lead at an average grade of 1.23%; equates to 581k pounds recoverable at $0.8 = $500k 52,000 tonnes of zinc at an average grade of 2.9%; equates to 3,3m punds recoverable at $0.9 = $2.8m 1.5 million tonnes of Barite at an average grade of 27% equates to 405k tonnes recoverable at $109 = $44m. total = $1.5bn obviously NMG are using a progressive method of production and will start from the top layer before going deeper. Important few points are 1) valued at £6m!!! 2) funded to commence production for starter pits 3) will have 3 x starter pits in production by year end 4) per sample drills recoverable material from 0 metres (yes from surface!) so very cheap to extract 5) No CAPEX required as JV with Caucasian Mining (massive company backed by rich russians) 6) still have Austrian assets that are also high grade. On the back burner as require capex and 'grass roots' exploration. 7) Georgian production licence for 30 years (cost $56m to CMG!) 8) Production from starter pit 1 commences Q3 2016 - so very close 9) Larger 'pits' available from starter pit revenue. I strongly recommend you look at David Garedjii, Sakdrisi. 10) Martyn Churchouse. Google and research this chap. Massive to NMGs future Exciting times here, its a new NMG!

something I cobbled together lets break this down 450,000 tonnes of copper at an average grade of 1.31%; this equates to 12.9m pounds recoverable = $28m at $2.2 per pound 900,000 oz of gold at an average grade of 1.11 g/t; 900k oz at $1250 = $1.1bn 20 million ounces of silver at an average grade of 23.71 g/t; 20m oz at $17 = $340m 22,000 tonnes of lead at an average grade of 1.23%; equates to 581k pounds recoverable at $0.8 = $500k 52,000 tonnes of zinc at an average grade of 2.9%; equates to 3,3m punds recoverable at $0.9 = $2.8m 1.5 million tonnes of Barite at an average grade of 27% equates to 405k tonnes recoverable at $109 = $44m. total = $1.5bn obviously NMG are using a progressive method of production and will start from the top layer before going deeper. Important few points are 1) valued at £6m!!! 2) funded to commence production for starter pits 3) will have 3 x starter pits in production by year end 4) per sample drills recoverable material from 0 metres (yes from surface!) so very cheap to extract 5) No CAPEX required as JV with Caucasian Mining (massive company backed by rich russians) 6) still have Austrian assets that are also high grade. On the back burner as require capex and 'grass roots' exploration. 7) Georgian production licence for 30 years (cost $56m to CMG!) 8) Production from starter pit 1 commences Q3 2016 - so very close 9) Larger 'pits' available from starter pit revenue. I strongly recommend you look at David Garedjii, Sakdrisi. 10) Martyn Churchouse. Google and research this chap. Massive to NMGs future Exciting times here, its a new NMG! Costs of $500 per ounce has been mentioned = lots of profit

http://youtu.be/FuVUJ9Bu9XI Thanks for the gold link ant, I am firmly in the gold camp. NMG also have a lot of copper, see the above link regarding why be bullish on copper too. Georgia has the ability to spring NMG into the mid tier miner category imo. Future is looking very bright here and lots of news to come. This is my largest holding. Gla

you do realise that ZOX are giving away the 90% of plant right? This is in exchange for the debt owed.

two reasons: lack of liquidity so MMs hedge their bets and also there was a regular seller of stock in 250k chunks. The dumps appear to have stopped and somebody bought 2.7m shares the other day. With the updates due, would you bet with the 2.7m buyer that a good update is coming or a against them?

starting to cotton on to the potential value here. The NAV update and business updates are due NOW. Last NAV on the website at the end Dec 15 was 32-33p.

end of Dec was 32-33p. Thats only 3/4 weeks ago. Check out the company website it says it there!

by some may be seen as a problem with a ratio of 4:1 required to stay within the covenants. However CULs have been issued at 75p (yep 75p!) in the past to maintain this ratio. This actually increases the NAV.

welcome. Good question! Been an intense fall to current levels with investments worth around £20m and cash of £500k. As with all AIM companies its about sentiment and news. There has been a lack of NAV updates and forgotten about I think. As per yearly report in October and and RNS a few days ago we know that NAV updates and this "Outlook and Future Plans When I wrote to you in April 2015 I said that we were "considering several options both to support our portfolio of companies and to pro-actively rationalise and consolidate the portfolio in anticipation of a return to a growth cycle." The speed and depth of the summer retreat has caused us to accelerate this process and I expect to be writing to you shortly with proposals for you to consider in connection with your Company's future." I wonder what they can conjur up??

yep, seems someone has been off loading here giving an apparent cheap entry. Approx 80% discount to NAV, lets see what these expected updates include. We know that the minimum will be a NAV update, last published NAV was around 33/35p. The seller clearly dragged this one down. Eyes peeled...........

However as of 30 Oct 2015 "The Company's NAV and coverage ratio will subsequently fluctuate due to market movements, however, as at 29 October 2015, the latest practicable date prior to the publication of this report, the Company's NAV was 35.35 pence per Ordinary Share and the coverage ratio was 4.01." "This decline has continued and the share price is currently 5.75p, representing a discount to the prevailing NAV per share of no less than 84%" also note the terms of the CULS whereby the cover ratios need to be 4:1. If the ratio falls below this the CULS are issued, AT 75p! which increases the NAV! "Under the terms of the CULS your Company gave an undertaking that the cover ratio (being the ratio of the value of its investment portfolio to the principal amount of the outstanding CULS) must be at all times no less than 4:1. In October 2015, due to the further fall in the NAV noted above, the ratio dropped below this level. The conversion of a total of £300,000 of the CULS in issue, at an exercise price of 75p per share, by Resource Development Partners Limited, which had the combined benefit of reducing your Company's debt whilst providing a small boost to the NAV per share, has seen the coverage ratio increase back above the minimum level. At the time of writing, it is 4.0:1." Most recently GRIT announced 6th Jan 2016 "It is anticipated that this exercise will be completed early next week, at which point the Company will resume daily NAV announcements." alsonote from 30 Oct yearly report "Outlook and Future Plans When I wrote to you in April 2015 I said that we were "considering several options both to support our portfolio of companies and to pro-actively rationalise and consolidate the portfolio in anticipation of a return to a growth cycle." The speed and depth of the summer retreat has caused us to accelerate this process and I expect to be writing to you shortly with proposals for you to consider in connection with your Company's future." so the next few updates are due and could be quite interesting from this price!

there is a nice 150k MMO...................

haha!

is that where we can find the CEO?