Share Name Share Symbol Market Type Share ISIN Share Description
Great Western LSE:GWMO London Ordinary Share IE00B1FR8863 ORD EUR0.0001
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 0.415p 0.41p 0.42p 0.415p 0.415p 0.415p 250,000.00 08:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 0.0 -0.3 0.0 - 1.62

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09/12/2016 14:01:050.41250,0001,030.00O
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DateSubject
10/12/2016
08:20
Great Western Daily Update: Great Western is listed in the Mining sector of the London Stock Exchange with ticker GWMO. The last closing price for Great Western was 0.42p.
Great Western has a 4 week average price of 0.48p and a 12 week average price of 0.47p.
The 1 year high share price is 0.64p while the 1 year low share price is currently 0.30p.
There are currently 389,823,809 shares in issue and the average daily traded volume is 1,450,480 shares. The market capitalisation of Great Western is £1,617,768.81.
25/10/2016
07:08
duplicate book: The only explanation would be that the placing shares have been 'forward sold'. The MM's must have a line of stock from somewhere and are happy to move them on at this current level. At any other time, the recent volume of buying would have had an impact on the share price. We will know better this time next week. Once the 'overhang' is cleared then we are back onto a level playing field and as long as the buying continues, we should be off!
21/10/2016
10:30
domple: Rolling, rolling, rolling...though the streams are swollen. some are swelling up their gwmo share stores. Yeeha!
09/8/2016
11:15
festario: I've raised an eyebrow today, but nothing more.It's a good rns, some progress, but without quickly building on this the share price will slowly subside.
29/7/2016
11:28
domple: this is how a good company deals with a share price spike. Although it's come from a property company, GWMO could well refer to their own positive news (see annual report) should we get another spike like last summer: "The Company notes the increase in the share price today. One of the Group's portfolio companies is in advanced negotiations to sell the company to a third party. If the transaction is completed, it would result in a significant profit to the Group and a further announcement would be made at the time. There can be no certainty that such transaction will be completed. As announced on 19 July 2016, at the AGM of the Company the Chairman made a statement that "I am pleased to report that we have made a positive start to the year, achieving modest profitability during the first quarter ended 30th June 2016 and that we are on track to generate profits during the full year ending 31st March 2017." The Company knows of no other reason for the share price rise." What GWMO did last year was give a bland statement and that caused the price to fall back down. Who knows what could have happened (in terms of further increasing the then sp) had they been a bit more positive.
13/7/2016
15:49
domple: If the share price does rocket as it is prone to do from time to time, I hope the ignoramuses at gwmo don't issue one of the stupid rns saying they don't know of any reason for the share price movement. Reason? because they didn't do it when the share price fell to new lows.
22/10/2015
11:40
domple: If the shares were in great demand then the mms know by now (the share price has been languishing at these levels for a long long time) that current holders wont let go until the share price is higher. So, it seems that there may be shares knocking about that mms cant sell possibly. Either that or they're missing a trick! It seems whatever good news is not impressing the market. So, what does GWMO have to do to get their share price moving and the market cap up? How does one value GWMO? Clearly, many are frustrated as this company has been promising to turn up trumps but for whatever reason, the share price is pretty flaccid.
25/8/2015
14:11
domple: It is not the usual, "we don't know of any reason for the share price movement" rns. It says "specific reason". It also says, which again is not usual, that all price sensitive information has already been released. The clues are in the RNS. When David Fraser went on TipTv last year, he said he couldn't understand the reason why the then share price (.94p)/market cap (£2.5 million) was so low given the findings then known. The share price has dropped significantly since then but has picked up quickly recently. Since then (OCt 2014), there have been several more RNSs with even greater news, the last of which in July 2015 regarding M2, of significance. This has improved on what DF said was a large copper district with copper alone worth possibly hundreds of millions of dollars for one prospect only and that there were FOUR prospects. That did not include gold! I believe the Board in today's RNS were simply seeking to distance themselves from any accusation of leaking price sensitive information, as some posters keep saying they know such news is about to be released. Unhelpful!! It does bode well for GWMO though as they have been releasing excellent news and no-one seems to have picked up on it. Also, people saying it's no where near a road structure. WRONG for 2 reasons: first, the main highway is about 30 miles away with good secondary roads and second, there are plans to refine the copper on site, making transport less of an issue! Nevada is in one of the top mining areas in the world. The area was initially mined by one-man-bands about 100 years or so ago. Mining techniques have changed immensely making it easier to extract the copper, silver, gold etc. If more news is around the corner, then, as DF said, it could be "ball out of the park" time. It is a punt but with all that potential copper, silver and gold, why not give it a punt? The share price will be volatile given that the market cap could multi bag at any moment.
18/3/2015
12:28
domple: Don't have to be a rocket scientist to realise that this is a major major bit of information. A strike on the plume will give GWMO share price meteor style rise!!
01/10/2014
16:38
yorgi: For anyone who has not seen this post from work done by Geology Student : h2owater 5 May'14 - 09:11 - 5 of 8 0 0 From LSE: Geology Student GWMO BULL CASE! A LONG READFri 21:58I tried to post this on the advfn site but I got cut off due to word-limit imposed. Anyways lets begin: BRIEF INTRODUCTION: GWMO is a junior exploration company with claims in Nevada; located in the region called Mineral County. It is embarking on a 30 RC drill hole program (Phase 2) to measure the extent of copper mineralisation in 2 of its plot: M2 and Target 4. The company is fully funded with a £800,000 and £1,500,000 placing for the plots respectively earlier on this year with drilling commencement in March. The directors have stated they aim to establish a JORC on M2 by end of H1 followed by a JORC on Target 4 later on in the year. Below, I have compiled a complete summary of the research I have conducted: PHASE 1 DRILLING CAMPAIGN ON M2 2013: Last year, GWMO undertook a Phase 1 drilling campaign. The drilling campaign involved drilling 9 holes in M2 - stretch of land that extends 1km in length - of which 2 holes yielded 0.84% and 1.13% Cu at M2-005 and M2-004. The drill program involved creating 4 'cuts'. In other words, drilling in 4 specific locations. They were allocated as such: (1) Cut 1: M2-001 and M2-002 (2) Cut 2: M2-006, M2-007, M2-008, M2-009 (3) Cut 3: M2-004 and M2-005 (4) Cut 4: M2-003. One can deduce that the geology team prioritised Cut 2 as to the shear number of holes they dug in that region. Their judgement in doing so was misguided. The results yielded from Cut 2 were abysmal (0.05% Cu) as exemplified by the collapse in share price at the time. Nevertheless, Cut 3 results were promising providing exceptional grades of copper 0.84-1.1% (M2-004 and M2-005). Last years operation was Phase 1 thus the main ambition was to discover an area that was most prospective for copper. The team had the ability to drill holes up 550 feet deep. They chose to do this on M2-001 but decided against it on the remaining 8 holes - probably too costly? The hole M2-005 was dug 170 feet before termination; between the 140 to 170 feet interval existed 0.84% Cu. The hole M2-004 discovered 1.1% Cu at between intervals 20 to 50 feet. Both these holes had shared the same surface penetration point; M2-005 was drilled vertically and M2-004 on a 45 degree tilt. It is my educated belief that the geology team will now pursue the region in close proximity to Cut 3 (M2-004 and M2-005). TARGET 4 ASSET VALUE + ESTIMATED ANNUAL PROFITS: : The Target 4 plot has 62,850 tonnes of Cu at the lowest estimate and 1,803,750 tonnes of Cu at the highest estimate, in the form of oxides and sulphides. This equates to the assets in the plot being worth: £250,000,000 - £7,000,000,000. If we are to sustain a mine life of 20+ years, providing we hit the lowest estimate, we will mine 2,560 tonnes/day. This equates to 2.56 x 10^6 kg/day. At a 0.4% Cu grade, we will be able to mine ~1 x 10^4 kg of Cu/day (2.56 x 10^6 *0.004). If the mine is open 300 days a year, we will mine Ans*300= 3 x 10^6 kg Cu/year. At current prices of £3.93/ton, I'm estimating a revenue of £12,000,000. As we are drilling deep, our average expenditure cost will be £3.27/ton leaving an annual profit of £2,000,000. Not that much eh? Now let's perform the calculation on our upper estimate using the same approach. We have 1,800,000 tonnes of Cu and in order to sustain a long life mine, we can mine 67,000 tonnes/day. This equates to 6.7 x 10^7 kg/day. At a 0.4% Cu grade, we will be able to mine 2.6 x 10^6 kg of Cu/day (6.7 x 10^7 *0.004). If we are to mine 300 days a year, we will extract 8 x 10^8 kg Cu/year (Ans*300). Consequently, we will generate an annual revenue of £320,000,000 accompanied by £54,000,000 profit after operational costs. M2 ASSET VALUE + ESTIMATED ANNUAL PROFITS: My calculations on M2 are more speculative as GWMO have not yet disclosed the estimated copper tonnage. Notwishstanding, I will attempt to generate a value based on information in the public domain. I know that mineralisation extends across a volume of up to 40 million m^3 in M2 (1200m x 120m x 300m). Not all of this will possess 0.2%+ Cu (cut-off point). Hypothetically, say that 30% of the volume of rock contains 0.2% Cu. my calculations amount to 7.2 x 10^7 kg of pure Cu. This is worth £290,000,000 before drilling expenses. We know that M2 also has 1% Cu. Just say the average grade of Cu extracted is 0.5% and not 0.2%, M2 would be worth: £725,000,000. If we are to maintain a mine life of 20+ years, using the same approach, we will generate an annual profit of £6,000,000 from the M2 alone. TARGET 4 ESTIMATED OCF USING COMPARISON WITH NEIGHBOURING COPPER COMPANY - NEVADA COPPER: Pumpkin Hollow a Nevada Copper-owned mine is stationed in Nevada also. They have 2 operations: Stage 1 and Stage 2. The Stage 2 operation in the Pumpkin Hollow is similar to that of Target 4 in the sense it will be open-pit (as well as M2). The proven and probably reserves of Cu in Stage 2 Pumpkin Hollow is at 4.1 billion pounds. The upper estimate of the GW Target 4 is approx. 3.5 billion pounds. I believe this is a bit optimistic as it requires an average grade of 0.7%. If we achieve 0.4% Cu, the more realistic upper estimate is 2.2 billion pounds of Cu. Pumpkin Hollow have established the annual operating cash flow in the Stage 2 AND Stage 1 projects will be £300,000,000 under the condition they mine 76,500 tonnes/day. GWMO Target 4 is smaller in size. Just say the infrastructure GWMO have, enables them to mine 30,000 tonnes/day in Target 4, we could have an annual operating cash flow of £120,000,000 providing we hit our upper estimate. In the event we only hit 25% of our upper estimate that I've proposed (550 million pounds of Cu), our infrastructure will be of a much smaller scale as otherwise it would be superfluous. Just say we mine 7,500 tonnes/ day if such an event does occur, our annual operating cash flow in Target 4 would still be £30,000,000 on Target 4. M2 ESTIMATED OCF USING COMPARISON WITH NEIGHBOURING COPPER COMPANY - NEVADA COPPER: If I use what I believe to be the speculative M2 asset value of £725,000,000, hence holds 400,000,000lbs of Cu, we can mine 5,500 tonnes/day. Applying the same calculations, we can obtain an annual operating cash flow of £22,000,000 on the M2 plot. ESTIMATED MARKET CAP: If assets are a reliable indicator for market cap thus use Nevada Copper-owned Pumpkin Hollow as a reference, we can loosely deduce the market cap of GWMO. Nevada Copper is sitting on £11billion worth of copper and has a market cap of £90 million currently. If GWMO achieve the upper estimate I proposed for Target 4 (2.2 billion pounds of Cu) in addition to the 400 million pounds of Cu in M2 I conservatively calculate, we will have market cap of £45 million (share price:~16.9p). If we manage to hit 25% of the estimate for Target 4 in addition to the aforementioned M2 estimate, a market cap of £18 million (SP: ~6.75p) may follow. CONCLUSION: As I write this, the current market cap of GWMO is sitting at £2.8 million with a share price of 1.05p. I believe this share has the greatest potential of any mining stock in the AIM market. Not only that, the drill assays for the first 10 holes will be announced in the coming days. With the JORC only months ago, I believe this is the right time to invest in this share. But as always, do your own research.
26/9/2014
08:48
yorgi: For anyone who has not seen this before they might find it interesting. It was written earlier in the year by Geology Student a poster from LSE and copied on another BB by H2owater.......worth a read. From LSE: Geology Student GWMO BULL CASE! A LONG READFri 21:58I tried to post this on the advfn site but I got cut off due to word-limit imposed. Anyways lets begin: BRIEF INTRODUCTION: GWMO is a junior exploration company with claims in Nevada; located in the region called Mineral County. It is embarking on a 30 RC drill hole program (Phase 2) to measure the extent of copper mineralisation in 2 of its plot: M2 and Target 4. The company is fully funded with a £800,000 and £1,500,000 placing for the plots respectively earlier on this year with drilling commencement in March. The directors have stated they aim to establish a JORC on M2 by end of H1 followed by a JORC on Target 4 later on in the year. Below, I have compiled a complete summary of the research I have conducted: PHASE 1 DRILLING CAMPAIGN ON M2 2013: Last year, GWMO undertook a Phase 1 drilling campaign. The drilling campaign involved drilling 9 holes in M2 - stretch of land that extends 1km in length - of which 2 holes yielded 0.84% and 1.13% Cu at M2-005 and M2-004. The drill program involved creating 4 'cuts'. In other words, drilling in 4 specific locations. They were allocated as such: (1) Cut 1: M2-001 and M2-002 (2) Cut 2: M2-006, M2-007, M2-008, M2-009 (3) Cut 3: M2-004 and M2-005 (4) Cut 4: M2-003. One can deduce that the geology team prioritised Cut 2 as to the shear number of holes they dug in that region. Their judgement in doing so was misguided. The results yielded from Cut 2 were abysmal (0.05% Cu) as exemplified by the collapse in share price at the time. Nevertheless, Cut 3 results were promising providing exceptional grades of copper 0.84-1.1% (M2-004 and M2-005). Last years operation was Phase 1 thus the main ambition was to discover an area that was most prospective for copper. The team had the ability to drill holes up 550 feet deep. They chose to do this on M2-001 but decided against it on the remaining 8 holes - probably too costly? The hole M2-005 was dug 170 feet before termination; between the 140 to 170 feet interval existed 0.84% Cu. The hole M2-004 discovered 1.1% Cu at between intervals 20 to 50 feet. Both these holes had shared the same surface penetration point; M2-005 was drilled vertically and M2-004 on a 45 degree tilt. It is my educated belief that the geology team will now pursue the region in close proximity to Cut 3 (M2-004 and M2-005). TARGET 4 ASSET VALUE + ESTIMATED ANNUAL PROFITS: : The Target 4 plot has 62,850 tonnes of Cu at the lowest estimate and 1,803,750 tonnes of Cu at the highest estimate, in the form of oxides and sulphides. This equates to the assets in the plot being worth: £250,000,000 - £7,000,000,000. If we are to sustain a mine life of 20+ years, providing we hit the lowest estimate, we will mine 2,560 tonnes/day. This equates to 2.56 x 10^6 kg/day. At a 0.4% Cu grade, we will be able to mine ~1 x 10^4 kg of Cu/day (2.56 x 10^6 *0.004). If the mine is open 300 days a year, we will mine Ans*300= 3 x 10^6 kg Cu/year. At current prices of £3.93/ton, I'm estimating a revenue of £12,000,000. As we are drilling deep, our average expenditure cost will be £3.27/ton leaving an annual profit of £2,000,000. Not that much eh? Now let's perform the calculation on our upper estimate using the same approach. We have 1,800,000 tonnes of Cu and in order to sustain a long life mine, we can mine 67,000 tonnes/day. This equates to 6.7 x 10^7 kg/day. At a 0.4% Cu grade, we will be able to mine 2.6 x 10^6 kg of Cu/day (6.7 x 10^7 *0.004). If we are to mine 300 days a year, we will extract 8 x 10^8 kg Cu/year (Ans*300). Consequently, we will generate an annual revenue of £320,000,000 accompanied by £54,000,000 profit after operational costs. M2 ASSET VALUE + ESTIMATED ANNUAL PROFITS: My calculations on M2 are more speculative as GWMO have not yet disclosed the estimated copper tonnage. Notwishstanding, I will attempt to generate a value based on information in the public domain. I know that mineralisation extends across a volume of up to 40 million m^3 in M2 (1200m x 120m x 300m). Not all of this will possess 0.2%+ Cu (cut-off point). Hypothetically, say that 30% of the volume of rock contains 0.2% Cu. my calculations amount to 7.2 x 10^7 kg of pure Cu. This is worth £290,000,000 before drilling expenses. We know that M2 also has 1% Cu. Just say the average grade of Cu extracted is 0.5% and not 0.2%, M2 would be worth: £725,000,000. If we are to maintain a mine life of 20+ years, using the same approach, we will generate an annual profit of £6,000,000 from the M2 alone. TARGET 4 ESTIMATED OCF USING COMPARISON WITH NEIGHBOURING COPPER COMPANY - NEVADA COPPER: Pumpkin Hollow a Nevada Copper-owned mine is stationed in Nevada also. They have 2 operations: Stage 1 and Stage 2. The Stage 2 operation in the Pumpkin Hollow is similar to that of Target 4 in the sense it will be open-pit (as well as M2). The proven and probably reserves of Cu in Stage 2 Pumpkin Hollow is at 4.1 billion pounds. The upper estimate of the GW Target 4 is approx. 3.5 billion pounds. I believe this is a bit optimistic as it requires an average grade of 0.7%. If we achieve 0.4% Cu, the more realistic upper estimate is 2.2 billion pounds of Cu. Pumpkin Hollow have established the annual operating cash flow in the Stage 2 AND Stage 1 projects will be £300,000,000 under the condition they mine 76,500 tonnes/day. GWMO Target 4 is smaller in size. Just say the infrastructure GWMO have, enables them to mine 30,000 tonnes/day in Target 4, we could have an annual operating cash flow of £120,000,000 providing we hit our upper estimate. In the event we only hit 25% of our upper estimate that I've proposed (550 million pounds of Cu), our infrastructure will be of a much smaller scale as otherwise it would be superfluous. Just say we mine 7,500 tonnes/ day if such an event does occur, our annual operating cash flow in Target 4 would still be £30,000,000 on Target 4. M2 ESTIMATED OCF USING COMPARISON WITH NEIGHBOURING COPPER COMPANY - NEVADA COPPER: If I use what I believe to be the speculative M2 asset value of £725,000,000, hence holds 400,000,000lbs of Cu, we can mine 5,500 tonnes/day. Applying the same calculations, we can obtain an annual operating cash flow of £22,000,000 on the M2 plot. ESTIMATED MARKET CAP: If assets are a reliable indicator for market cap thus use Nevada Copper-owned Pumpkin Hollow as a reference, we can loosely deduce the market cap of GWMO. Nevada Copper is sitting on £11billion worth of copper and has a market cap of £90 million currently. If GWMO achieve the upper estimate I proposed for Target 4 (2.2 billion pounds of Cu) in addition to the 400 million pounds of Cu in M2 I conservatively calculate, we will have market cap of £45 million (share price:~16.9p). If we manage to hit 25% of the estimate for Target 4 in addition to the aforementioned M2 estimate, a market cap of £18 million (SP: ~6.75p) may follow. CONCLUSION: As I write this, the current market cap of GWMO is sitting at £2.8 million with a share price of 1.05p. I believe this share has the greatest potential of any mining stock in the AIM market. Not only that, the drill assays for the first 10 holes will be announced in the coming days. With the JORC only months ago, I believe this is the right time to invest in this share. But as always, do your own research.
Great Western share price data is direct from the London Stock Exchange
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