Member Info for Seingred

I was trawling through theoxus board the other night to see similarities.
The georgian gvnt are following the correct path imo .they are leaving it to the arbitrators to decide the rights and wrongs rather than as in the uzbek case of appropriation.The reasons seem similar,ie non conforming with the psa. there were people on there claiming to have staked their houses on the arb that couldnt fail.
Ironically there are posts from prodigy not long before the determination .needing oxs to come good because the rest of his shares were shoit and followed by in Richard Shead we trust.sounds familiar.
Irrespective of the arb I think there is little chance of seeing cash back from here but until the fat lady owns up there will always be a glimmer of hope which even the more pessimistic ( shorters in prodigy language) posters,myself included (pesimistic) will still look in in the hope of something convincing.we await the arb decision .
I would suggest a read of the oxus board.around page 50 is around the time of the decision.
Gla , a big xmas present would be a very welcome surprise.

Blundergoals,Ross Beaty is a genuine investor.I pay him good heed.you however are a waste of time interacting with .

Doubled my holding here first thing today.I like the look of where this is heading.

The recent investor article posted is pretty detailed .It gives a total spend figure of $18m for the next year .That includes land purchases,bfs ,studies drilling etc . Well worth a read.also gives low teens as a possible worst case share price.
I reduced first thing today to invest elsewhere. Still hold some and may will probably buy back later . Of course we could be days away from good news ,who knows.gla

When cnr were granted permits 18 months ago MC stated that banks were queing up to lend on the project.gold was circa $1250 then and is heading towards $1600 now.we are now looking at a small mine.not the 130 k oz discussed 18 months ago.Toll mining has been talked about for 14 or more months. land purchases have been ongoing for years now and only around 50 per cent presently .
Recent articles have highlighted another couple of years before production unless a toll deal is forthcoming.also $3m for land aquisitions,8m for bfs and a total of 18 m for the year.as I expect the likelyhood of another fundraising. Taking into account dilution the sp is the equivalent of low thirties 18 months ago.
Personally I dont see a massive re rate until well after commercial production.we may have a nice rise if we get some good news re toll but not banking on it. This needs to have a clear costed production plan before it will move imo.
Electric lion.good heads up on ggp I had a quick inny outty for a bag.sold a bit early but happy.hope you are making hay.

mapp,ggp been good this last month .glad you have banked some. Good idea to bank a few more on the rise I reckon .good luck .

Mapp.you should know by now that a profit is only a profit when banked.I may have gone too early but a one bagger in a few weeks is good enough for me .got a few left just in case.good luck .

Yes ,very detailed re.yes I thought I remembered mellon selling a large ammount all those years ago.great timing .now buying at 20 p ish.
Interesting the costings for the next year .$18 m . $8 m for bfs.$3 m for land purchases .

Lady mapp.I said keep your eyes on your ggp shares.just remember this is aim and prices go down as well as up..I bought a few a couple of weeks ago and decided to sell them this week and see what gives.good luck

Cheers electric lion.quite a detailed summary.maybe they could write the next presentation.they are reckoning on a possible cash raise by the end of the year which is pretty much my reckoning unless the toll deal happens in the first half of this year .cash flow much closer than investors expect is pushing it a bit.They mention 2-3 years before production on 110 k oz mine .
I wonder what production if any can be achieved without the land deals complete ?
Toll deal still very important .

The arbitration panel will make their decision on the facts and if one side is economical with the facts/truth they will come off worse.These paidfor right wing senators will know little.their main interest is regime change ,with elections not too far away .There is plenty of evidence of a turn towards authoritarianism just like in many areas of the world but the us is not motivated by democracy just self interest .Dangerous times for the georgian people if one corrupt oligarch president who lost the popular vote in a two horse race decides to deal with another oligarch . Best to ask the kurds how genuine the us support is .
Georgian people are caught between a rock and a hard place .

Mr lion .very good new years tip.hope you are reaping the rewards .

Yes roth, holding across a number of goldies is best .I switched more to producers over a year ago and it has worked good so far.gonna keep hold here as I reckon we are near the bottom . I only see the toll deal making much difference to the sp .from what I see only early stage discoveries and successful producers are really benefiting .

Gis,the whole lot is going to be due before any of the cases are resolved imo.

Erazel,you quite rightly say that nobody is allowed to talk about the arbitration process yet continual quotes atributed to zz on here state that the process is all but sorted except for the length of production agreement.
None of this stops the company putting out a general statement just to re assure holders that frr is still running as a company ,in the interest of holders .

If frr lose out significantly through arbitration it will be because the georgian argument is stronger . Us companies havnt got a god given right to operate to their own rules.if they are not adhering to the psa it is breach of contract basically.
I would say geo politically georgia is more important than fronterra to the us ..I think the georgians have taken the correct route by going to arbitration rather than direct apropriation .lets see how it turns out .

Tsbs,the georgians instigated the arbitration claim on the grounds that frr havnt fullfilled their comitments .It would be very surprising if they have spent over $6 m based on nothing.
They have taken it to an internationally recognised body . We wait and see what they come up with .
It is encouraging to hear report that they made frr an offer although we dont know at what stage or what kind of offer this was .If the georgians have racked up $ 6 m on this one case,how much have frr and hope racked up overall ?

https://foreignpolicy.com/2019/11/27/georgia-georgian-dream-ivanishvili-russia-democracy/
From last year but there have been many protests against the gvnt and its undemocratic moves.

Punter,you quote the zaza interview. Remind me again why he cannot even say hi to shareholders ?

Wg,2 years ago cnr had 62 m share s.now there are. 95 m .In that time they appear to have bought very little of the land .anybody who thinks there will be no more dilution is dreaming. It is to be expected .we hopefully are funded for the coming year .It is not a criticism just fact .
Everything I have seen mc say in interviews states that there will be an element of equity .
As aguila says ,a toll deal is really important and can really change the project .without it we are definitely looking at a small scale mine build and then the project is at the mercy of the gold cycle. I still hold here and await news on toll ,permits and land deal.
as for your continual personal attacks,I am 2 p from breakeven ,how bout you angry pants.you were happy reading jibbos forecast of £2/3 sale in a year. Like 7 years ago .