citychap2011
06 Sep 2016
Re: Report Due Greg. So how does the chart look?
DanDaDan
06 Sep 2016
Getting Ready - On Starting Blocks. Dr. Neil O'Brien and Peter Damouni now on BoD.Are they are getting ready for the next sp shift UP. ?News is due. (Neil brings a wealth of experience in the sector from exploration through to development and production. His PhD focussed on the unique VMS style of mineralisation similar to that found at Bolnisi so his insight will be invaluable as we progress the projects. Peter's extensive corporate knowledge and experience in investment banking and capital markets will provide support to the board as we continue to advance our projects in Georgia with a view to creating significant value for shareholders)..It is time to make this one count and Greg knows it.......GLA.
DanDaDan
01 Sep 2016
Report Due Greg. Expecting this sp to be blown out of the water.Watching the charts and the trades..GLA.
Tatty
30 Aug 2016
Re: Greg Kuenzel fails to deliver again! How convenient to spin the reason on not mining gold on the wonderful increased 'resource'. Phew, if they found nothing they'd really be up against it.Let's face it these guys here and in numerous other AIM 'junior' miners, have no intention ever to bring a new mine into production. That would be too much like doing some work. No just keep on drilling holes until the money runs out. It's a lot easier.
citychap2011
30 Aug 2016
Greg Kuenzel, NMG Next equity placing Noricum share price is picking up today. Best to plump it up and pull in more punters in time for Greg Kuenzel's next equity fund raise.Wonder what price that will be at, 0.1p probably. More dilution to come and no production any time soon.
citychap2011
18 Aug 2016
Re: Greg Kuenzel NMG 0.1205 p to sell I didn't intentionally place a sell recommendation on my last post. I don't make recommendations to buy or sell shares. Investors, speculators and punters need to make their own decisions. I currently have a modest holding in NMG. DYOR.
citychap2011
18 Aug 2016
Greg Kuenzel NMG 0.1205 p to sell 0.1205p to sell. Where next for the SP? Will it hold up or is this heading for 0.08p the 52 week low again. In any case 0.1205p is a fair drop from 0.2p when Greg Kuenzel was peddling his usual BS at the UK Investor show in order to suck in more punters. DYOR
citychap2011
18 Aug 2016
Incompetent Greg Kuenzel disappoints the Market 0.125p The market has lost confidence in BullSmeister and unreliable CEO Greg Kuenzel. With NMG's share price now down in the 0.12's at what price will Greg's next equity placing be? Greg Kuenzel will need to raise more money for more drilling and his salary because Greg isn't ready for near term production no surprises there. Greg hasn't ever produced anything other than tax returns. We must be looking at somewhere between 0.08 and 0.1p this time with Greg Kuenzel rewarding himself with more cheap shares and loyal long suffering shareholders getting further diluted. At least this isn't a Peter Landau style Ponzi scam right? Shareholders can rest assured that equity being raised is finding its way to drilling crews and not just Directors pockets and that it's just that Greg Kuenzel is incompetent and incapable of running a mining company. DYOR. GLA genuine investors.
citychap2011
15 Aug 2016
Greg Kuenzel, porky pies and next fund raise Greg Kuenzel when asked at the UK Investor Show in May 2016 if he would need a further equity placing (22
8 minutes into his NMG presentation), Greg advised "we raised some money in January, that money will see us through to production." So has Greg Kuenzel been uneconomical with the truth? Well it's good bye to production for now and when's the next equity raise to reward Greg Kuenzel and fellow Directors and pay for more drilling? And at what share price? Somewhere above 0.08p we hope. Shareholders have to hope that this isn't just being strung out like Austria with no JORC resources proved and nothing to show for it in the end. It can't possibly be a Pete Landau style ponzi scam where money raised just disappears. Any new investors investing at 0.2p on the back of Greg's presentation at the UK investor show must be feeling very sore and existing shareholders being further diluted aren't impressed.If only shareholders had rejected the Director Renumeration report at the AGM in May and shown no confidence in the Directors we might have booted out some of the free loaders like Greg Kuenzel. DYOR. GLA genuine investors.
citychap2011
12 Aug 2016
Greg Kuenzel fails to deliver again! So Greg Kuenzel tried to dress up his failure to deliver (again) with his usual BS news flow, but it's in yesterday's RNS "We have decided not to proceed with the mining of the small gold bearing oxide mineralisation at this stage, a decision which has been reinforced by advice received from both our resource consultant as well as the Georgian Resource Committee."So production in Q3 unlikely, more equity will be needed for further drilling and will there be enough gold resource worth mining in Bolnisi to make this a viable project anyway? Or are we looking at Austria all over again?What price for the next equity placing? 0.14p or probably lower 0.12p? 0.1p hopefully not 0.08p. You can expect Greg to be at the trough. Shares being awarded to the BoD and sophisticated investors (friends of the BoD)Greg Kuenzel continually over promises and never delivers. And he has continued to this is his role as CEO for years. How is it the BoD are never up for re-election at the AGM?
Nige the snake
11 Aug 2016
Re: RNS great news! - What's great abou... I take your point. It looked good this morning and reading it again its got a few ifs and mayb
citychap2011
11 Aug 2016
Re: RNS great news! - What's great about it? What's so great about it?
citychap2011
11 Aug 2016
Greg Kuenzel "could" have "potential" Blah blah More BS news flow from Greg Kuenzel telling punters there "could" be "potential" but after nearly a year in Georgia Greg has failed to prove up any JORC resources. It looks like Greg will want to do more drilling to poke around in a bigger area of dirt, which means he'll need to raise more money via another dilutive equity placing to pay Director fees and drilling costs. It's looking like Austria mark 2. Great "potential", lots of equity raised for lots of drilling, no proven resources and on to the next potential target.Is Greg any closer to near term production in Q3? Well we are nearly half way through the quarter. We have a metric finally. The cost will be $600 per ounce, which sounds good but only if the gold grade is 1g/t and the grades reported in the RNS are 0.5 - 0.75 g/t? It's all theoretical really as Greg has signed a few MOUs but there is no concrete agreement yet with the partner for processing the gold. The copper is pretty worthless at the moment IMHO. Copper being at a four year low and oversupplied. Peer Nyota minerals ditching their copper interests in Italy as there's no interest from anyone buying them.Just more BS news flow from Greg Kuenzel to plump up the share price ready for another equity placing at 0.14p?A profit taking opportunity for traders selling out on the spike today will be no comfort to long suffering Noricum shareholders.IMHO. DYOR.
Nige the snake
11 Aug 2016
RNS great news! [link] Noricum Gold Limited / EPIC: NMG / Sector: Natural Resources11 August 2016Noricum Gold Limited ('Noricum Gold' or 'the Company')Significant Increase in Size of Gold & Copper Target in Georgia and Agreement for Future Mining and Processing Noricum Gold Limited, the European focused base and precious metals resource development company, is pleased to announce significant new copper and gold intersections from ongoing drilling at the Kvemo Bolnisi Gold & Copper Project, one of 17 targets that have been identified by the Company across the 861 km2 Bolnisi Project ('Bolnisi' or the 'Project') in the Republic of Georgia. The Company is also pleased to announce that it has signed a Memorandum of Understanding ('MoU') with its local partner's production companies, JSC RMG Gold and JSC RMG Copper (together 'RMG'), outlining mining and processing arrangements for the future production of precious and base metal ores mined at Bolnisi. Highlights:Significant new copper and gold intersections at the Kvemo Bolnisi East Project· Strong evidence of four distinct mineralisation/resource types that could prove viable for development as part of a combined exploitation programme Outcropping and near surface oxide gold mineralisationo High-grade copper mineralisation close to surface; that may be possible to process via leaching at low cost subject to metallurgical test worko Significant structurally controlled chalcocite and high grade copper mineralisation to depths of over 100mo Laterally and vertically broad sections of copper ('Cu') sulphide mineralisation that may represent bulk tonnage target with simple metallurgy· Recent drilling results highlight the high grade Cu potential including KED001: 33.00m at 1.04% Cu from surfaceo KED001: 23.25m at 2.82% Cu from 89.75mo KBRC042D 29.65m at 1.54% Cu from 23.00mo KBRC074D 15.00m at 0.72 g/t gold ('Au') from 5.00mo KBRC074D 28.00m at 0.53% Cu and 0.56 g/t Au from 43mo KBRC075D 13.00m at 0.46% Cu from 88mo KED002 14.00m at 0.28 g/t Au from surfaceo KED002: 35.00m at 0.37% Cu from 32m(Copper rich intervals calculated using 0.1% Cu Cut off with 3m internal dilution for copper and gold rich intervals calculated using 0.1ppm Au cut off. Link to full summary of intervals at end of section).· The significant discovery has resulted in the Company refocusing its efforts on expanding the resource development programme to incorporate new styles of mineralisation with a view to developing a much larger deposit with potential to far exceed previous estimates· Noricum has set the initial exploration target at between 50 and 70mt @ grades between 0.30% Cu and 1.00% Cu and 0.1 to 1 g/t Au for copper sulphide mineralisation and 0.5 to 5 g/t Au for oxide gold resources given the proximity to the Madnueli Deposit and the similarities in the geology observed there and at the Kvemo Bolnisi Project· Up until this recent discovery, the Company was focused on bringing a small gold-bearing oxide target to production; however in light of the new discovery a staged production of gold and copper has been assessed as being much more value accretive, much more cost effective and will avoid compromising the now larger target· The Company will therefore continue to drill and explore Kvemo Bolnisi East and surrounding area to further enhance its valueProduction and Processing· MoU signed with RMG, whereby RMG will mine and or process ore generated by Noricum Gold, subject to certain conditions, via existing processing infrastructure owned and operated by RMG· Subject to final agreement with RMG, the targeted cost for contract mining and processing is less than $600 per ounce assuming an average grade of 1 g/t Au for heap leachable gold-bearing ores· These costs will reduc
Tatty
21 Jul 2016
Re: Greedy Greg Kuenzeul gets his 0.14p opti... Why grant these options when the management has not achieved anything? The AIM needs better regulation as history shows its a graveyard of failed companies run by incompetent people. Avoid.
