citychap2011
21 Jul 2016
Greedy Greg Kuenzeul gets his 0.14p options Options below the current share price no incentive to deliver any shareholder value. No surprises.
citychap2011
19 Jul 2016
Folks want to believe Greg Kuenzel but... he has failed Noricum shareholders and destroyed any shareholder value. Greg Kuenzel and the BoD awarding themselves shares at 0.08p is insulting to loyal longer suffering shareholders.
Tatty
19 Jul 2016
Re: Greg Kuenzel, is he believable? Greg said that he planned for the first gold production in Georgia in the 3rd quarter of 2016. He stuck his neck out and what credibility he has left rests on delivering to this plan. So that means gold produced by the end of September. Last chance Greg. Don't blow it.
citychap2011
15 Jul 2016
Greg Kuenzel, is he believable? Can speculators, investors and shareholders believe a single word that comes out of the mouth of Aussie BSmeister, stock promoter and underperforming Noricum Gold CEO, Greg Kuenzel?Greg Kuenzel, a former Centurion Resources (now FinnAust Mining) colleague of the notorious Aussie Peter Landau, who is being sued by various parties for embezzlement of shareholder funds, has been at the helm of Noricum Gold since the company started drilling for gold in Austria in 2010 when gold prices were at an all time high. However, despite Greg's reports of bonanza gold grades, Greg has failed to prove there were any JORC resources and Austria was effectively shelved. Shareholders have seen the company share price down from a peak of around 6p to a share price today of 0.165p.Greg's latest dream is trying to prove there are JORC resources in Noricum's assets in Georgia, which the company acquired during the summer last year. However, a year on is Greg any closer to proving up these resources or meeting his near term production target, which he promised would be Q3 this year?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."Less than 3 months later Greg Kuenzel made another placing at 0.14p to new and existing shareholders, although long suffering loyal PIs were left out in the cold. The placing is for funds for yet another unproven project in Georgia. This time it's copper, the price of which is at a 5 year low as there is little demand for it.Any new investors investing at 0.2p on the back of Greg's presentation at the UK investor show must be feeling quite sore and existing shareholders being further diluted will be far from over joyed. Shareholder's can only hope that Georgia doesn't turn out to be another Austria, with no resources proven and nothing to show for the equity raised other than a financially well rewarded CEO and Board of Directors.I have a modest holding. DYOR. GLA invested.
rRomeo29
13 Jul 2016
Re: Another placing at 0.14p Staill fails to climb the .21p trigger line,today fell back to the normal day price around 0.15p.
citychap2011
07 Jul 2016
Greg Kuenzel wastes NMGs coppers Why is Aussie BS promoter Greg Kuenzel wasting shareholder funds on drilling for copper in Georgia when the copper industry is suffering from overcapacity and the copper price is at a 5 year low? Probably so Greg can continue to make equity placings to fund Director fees and avoid what he is unable to do which is prove up any JORC resource. Long suffering shareholder's will remember Austria lots of equity fundraising for drilling, direct fees and share bonuses, alleged bonanza grades, but surprise, surprise no proven resources. Will it be the same old tired story in Georgia? Hope I’m proved wrong, but Greg Kuenzel has a track record of failing to deliver.The new BoD of Nyota Minerals certainly see no future in Copper:"With the nickel-copper industry suffering from overcapacity (signified, in particular, by the drop in respective prices since acquisition of the Ivrea Project by approximately 42%/14% respectively and the continued decommissioning of capacities worldwide by major industry participants such as Norilsk Nickel and BHP), the Board considered it prudent not to commit further capital to this project at this time. In the event that a buyer or farm-in partner is not found within a reasonable timeframe, the Company may consider relinquishing its interest in the licenses."
rRomeo29
06 Jul 2016
Re: Another placing at 0.14p 8% plus.That's another "Nice one!" today.Goshh, how I love this TA game!!!---------- ---------- Finally NMG stabilized above 0.15p, and IF the price manages to climb above the strong 0.21p barrier, this would give the first bullish alert in ages.
citychap2011
06 Jul 2016
Romeo where art thou? Hello Romeo. I'm really flattered that you missed me over on the Central Rand Gold Bulletin board and that you felt the overwhelming desire to stalk me here ) I have a small holding in NMG and have been disappointed by with the lack of tangible progress, incoherent strategy, and contempt shown for existing shareholders by Aussie BS stock promoter Greg Kuenzel (friend and former colleague of the notorious Peter Landau of Black Mountain Resources acclaim)One can only assume your Technical Analysis is as accurate as your ability to post on the correct bulletin board i.e. this is the NMG board not the CRND board )
rRomeo29
05 Jul 2016
Re: Another placing at 0.14p CRND has probably been a tough ride and broke through your 10p share issue price a long time ago. Even the 5p and 3p support lines have been lost. Reminds you a bit of "Broken Flowers", with Nicholas Cage.And the good news?The great news are that CRND suddenly has a ridiculous low market cap of merely 2.4M !! A handful of PIs could get together and buy up the entire outfit. Actually I wouldnt be surprized if company management works on a deal behind the scenes right now.Makes us want to speculate about the buyout price for the market. Hhmmm, maybe 8p per share...?Would be nice to see one more summer spike for Central Rand Gold!!
rRomeo29
05 Jul 2016
Re: Another placing at 0.14p Hope you didnt had to go through the endless valley of tears with this one, Citychap!! It's been quite a nasty road 0.08p...Finally NMG stabilized above 0.15p, and IF the price manages to climb above the strong 0.21p barrier, this would give the first bullish alert in ages.Best of luck, old chap!
citychap2011
01 Jul 2016
Greg Kuenzel vs Jan Nelson Greg Kuenzel's Noricum has a £8M MCap, 4.8 billion shares. No production. No revenue and regular placings. A CEO with a poor track record in delivering in Austria. SP 0.17p.Jan Nelson's Xtract Resources has a £7M MCap, 6.5 billion shares. Gold production is around 1,000 ounces per month at Chepica. Assets are being sold to provide cash and avoid shareholder dilution. Successful track record building Pan African Resources from small beginnings into a 200,000 oz/year gold producer. SP 0.1035pDYOR
citychap2011
01 Jul 2016
Another placing at 0.14p Greg Kuenzel and another NMG placing. This time at 0.14p. This equity raise is allegedly to carry out due diligence on yet another project in Georgia. Despite the fact that Greg hasn't yet proven JORC resources for any of Noricum's existing Georgian projects.Greg Kuenzel when asked at the UK Investor Show in May 2016 if he would need a further equity placing (228 minutes in his NMG presentation) advised "we raised some money in January, that money will see us through to production."However, before Noricum reaches production, which will allegedly be in Q3 this year, Greg Kuenzel makes another placing to new and existing shareholders, although long term loyal PIs are excluded.Any new investors investing at 0.2p and existing share holders being further diluted must be over joyed to see today's further placing. At least it's at 0.14p and not 0.08p this time.DYOR.
citychap2011
23 Jun 2016
Greg Kuenzel's Copper pipe dream Greg Kuenzel's latest fantasy is to spend Noricum shareholder funds drilling for copper with a view to being a producer later this year. But with prices at a 5 year low and no metrics to support profitable production, will there even be any tangible revenue to cover general and administrative costs or can Noricum Gold shareholders expect another equity fund raise with shares being awarded to Greg and his team at 0.08p again?[link] Greg stretching Noricum too far too quickly? A fatal mistake made by Greg's former Centurion Resources (now Finnaust Mining) Peter Landau with his overly ambitious plans for Range Resources. Peter Landau is being sued by numerous parties for embezzlement. Greg has unfortunately yet to prove up any JORC resources in Georgia but still plans to produce gold and copper later this year.DYOR
citychap2011
14 Jun 2016
No further BS news flow from Greg Kuenzel? No further Noricum Gold progress reported by Greg Kuenzel.Enough BS news flow to take him up to the AGM was perhaps all that was needed.Greg can potentially now sit back, relax and perhaps pick up more shares at 0.08p as part of the next equity raise.The share price is 0.1462p to sell.All IMHO. DYOR.
citychap2011
06 Jun 2016
11,800,000 shares dumped in late trading ? 11,800,000 shares dumped in late trading? Does anyone still believe Greg Kuenzel's half baked Georgian pipe dream?
