RE: GlobalMacro12 Aug 2016 02:14
Sorry I did not mean to offend you GlobalMacro and far from being manipulative I’m just trying to understand your justification for some of your posts. In your post from 17.13 “. I don't know GK as well as others, and perhaps he is a born liar “ I hardly think to suggest our MD is perhaps a “born liar”, is either professional or showing the basic respect that one gives to any other person one is dealing with in business. Also some of your comments in your email are not much better, suggesting “It's possible you do not give two shits as long as you reward yourself with big salaries and deep in the money options “ I will surprised if you get a response to that and I would expect the NOMADS will advise accordingly.
In your reply to me you have suggested that if Q3 production does not get underway and generate income to justify it’s share price the shares have no intrinsic value if it has no hope of making money. It would seem to me that you do not fully understand how a company such as NMG is valued. If NMG prove up the resources from a Soviet resource asset to JORC then that will mean the company will have a higher value, higher market cap. If the resources are great enough (I’m not saying they are) then a larger miner could well come in to takeover NMG to acquire it’s resources. Getting production underway is one way to build the company and hence market cap but another way would be to prove up the resources, possibly sell them, or develop them. If proven to be great enough then the SP will be higher and any funding required to then go on and develop those resources should then be at a higher SP hence less dilution and in the long term a greater shareholder return. Which all falls into place with Thursday mornings RNS.
I fully understand that all people who buy shares don’t necessarily view BB’s but the point I’m making you say you bought back in mid April and mid June but when you did register on the 6th July you did not post anything about NMG until today and all pretty much negative. In my experience of over 12 years on BB your first post on 7th July on KEFI does not have a “ring” of someone posting on a BB for the very first time. Your first post on KEFI a company you have not claimed to have bought into while not taking an interest in the BB of a company you have bought into.
To answer your questions, firstly why I think NMG is a great investment and what your missing. The license areas we now hold in Georgia cover a very large area and have the potential to prove up to significant JORC resources. My expectation is that the Soviet reserves will not disappoint but I could be wrong of course. To answer your second question no I haven’t made a site visit.
I’m sure others here are still waiting for you to answer the question which you appear to have overlooked "I hold better companies with more trustworthy and proven manageme