ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for charts Register for streaming realtime charts, analysis tools, and prices.

GMET Golden Metal Resources Plc

14.75
0.00 (0.00%)
18 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Golden Metal Resources Plc LSE:GMET London Ordinary Share GB00BPQY8R36 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 14.75 0.00 07:48:46
Bid Price Offer Price High Price Low Price Open Price
14.00 16.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Ferroalloy Ores, Ex Vanadium USD 30k USD -848k USD -0.0100 -14.75 12.54M
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 14.75 GBX

Golden Metal Resources (GMET) Latest News

Golden Metal Resources (GMET) Discussions and Chat

Golden Metal Resources Forums and Chat

Date Time Title Posts
18/4/202408:03Golden Metal Resources plc203
13/10/202312:41Golden Metal Resources - Gullible Thread2

Add a New Thread

Golden Metal Resources (GMET) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2024-04-17 16:15:0014.20200,00028,400.00O
2024-04-17 14:58:5614.5512,4581,812.64O
2024-04-17 14:36:3014.906,677994.87O
2024-04-17 14:27:2714.852,289339.92O
2024-04-17 14:18:3715.00121.80O

Golden Metal Resources (GMET) Top Chat Posts

Top Posts
Posted at 17/4/2024 09:20 by Golden Metal Resources Daily Update
Golden Metal Resources Plc is listed in the Ferroalloy Ores, Ex Vanadium sector of the London Stock Exchange with ticker GMET. The last closing price for Golden Metal Resources was 14.75p.
Golden Metal Resources currently has 85,000,000 shares in issue. The market capitalisation of Golden Metal Resources is £12,537,500.
Golden Metal Resources has a price to earnings ratio (PE ratio) of -14.75.
This morning GMET shares opened at -
Posted at 15/4/2024 08:59 by 888icb
I listened to that Kitco interview and was very pleasantly surprised that one of the main stocks he specifically highlighted was GMET. The guy is a regular contributor on Kitco and elsewhere and is clearly enthusiastically promoting it to his clients and investors generally. It is very beneficial to have GMET promoted to US Investors as they should be keen to invest in Nevada. The arrival of the US Government grant should be a game changer and the guy in the interview seemed of the opinion it will come because the Tungsten is such a strategic asset. OF has mentioned many uses for Tungsten but this guy mentioned one I hadn’t heard mentioned which was ammunition.The current state of the world suggests ammunition is a much sort after product.
Posted at 04/4/2024 12:27 by smart48
Had another top up this morning.
Buys are showing as sells.

OF tweet this morning re silver price. In ground value increasing all the time.
Pilot Mountain contains a potential five commodity income stream.
Garnet,silver,gold,zinc and tungsten.

Drilling could significantly increase known quantities/grades of saleable commodities.

I consider that the present company value is fully covered by PM, and is likely to be re-rated with a proven increased known reserve.
Garfield also shows great potential that will only be realised when some drilling has taken place.
Company very active, with lots of news flow, hopefully positive to propel share price.

DYOR GLAH.
Posted at 03/4/2024 08:10 by 888icb
Todays Warrant exercise has effectively created a 10% shareholder:
“ Following Admission, The Mega Company will hold 4,411,764 ordinary shares, representing 4.77 per cent. of the Company's enlarged issued share capital, and Ms Chang Turkmani, who has an interest in The Mega Company ,will have a total interest in 5,217,646 ordinary shares representing 5.64 per cent. of the Company's enlarged issued share capital.”
That is a significant vote of confidence in GMET.
Posted at 07/3/2024 06:57 by burtond1
Has the lithium price rout ended? Is lithium set to recover? – four small caps to watchWith the possibility of higher prices on the horizon, then, what small caps might be positioned to take advantage?#ATM #ATN #BHL #GMEThttps://total-market-solutions.com/2024/03/has-the-lithium-price-rout-ended-is-lithium-set-to-recover-four-small-caps-to-watch/
Posted at 21/2/2024 14:22 by the count of monte_cristo
By Charles Archer in the Telegram group.

Okay, so (my opinion, Oliver holds the cards) you have a timeline of events where you need to crystallise value as you go:

Strategic placing with HNWs/family offices (March-April) I asked OF directly in the interview and of course he could not confirm but given the assets this is exactly what i would do. Worth noting POW managed similar with Saudi and UK investors recently, similar connections. One of the key attractants is that GMET has a sticky share register - POW, OF, a handful of HNWs are not going to sell regardless of share price action, so you want to expand the register with the right people; this may take time

Warrants exercised sometime in H1 as market cap rises. You will have just over £5 million if you assume they all get exercised and share price goes over 17p so all in the money. This may initially hit the mcap, but longer-term you can then market the company as warrant free and you have £5m to get drilling

The grant funding at some point in Q2. Would expect an update soon, but remember even after funding awarded, may take months to actually get the money.

Then you have the five targets at PM to drill, just one of which could double the current 2017 resource. Garfield you have an area to target of overlapping uranium/porphyry which is coming close to drill ready with expert narrowing it down. These are the two flagships and while everything is for sale, Oliver will not let them go. CEO knows the first target to go after at PM, and will soon know the first exact target for Garfield.

Then Golconda, only 100-150m (from memory) below surface to get to mineralisation, so very much a case of stick a drill in, prove there's 'something' there and sell it to Barrick/Newmont. Most likely Barrick, esp given OF's previous work history. Then Kibby, my guess would be that the company will take whatever deal comes to drill the brine target that was previously missed - this is non-core and staked for pennies. Again a 'for sale' sign on the door for anyone who wants it

OFC, this all assumes every target/asset comes up with the goods, but the general idea is that you might have £5m from warrants, a further £2-5m in a strategic placing, and then some more from selling Golconda. I think it has a long way to run given location/geography and if by July you know warrants are exercised, grant funding is coming, and the share register is strengthened AND no dilution soon it all sets up for a tidy H2.

With the very strong CAVEAT that it is early days and you are still at the mercy of the drill bit, I think 30p by the end of the year is very reasonable and much longer-term a £100m mcap is achievable. But you will have some volatility. I think one key factor to remember is that getting grant funding does not equal mcap rise (look at Blencowe). Drill results do - and the drill is yet to go into the grounf

OTOH, I know some small cap operators in the US have got hold of £20-30 million of grant funding....
Posted at 07/2/2024 08:04 by rolo7
the USA share price finally moved up in line with recent rise here
Posted at 04/2/2024 14:19 by the count of monte_cristo
Really good presentation from Oliver the other day, he answered one of my questions about where PM fits into the worlds largest tungsten projects. I love the potential of PM, just need to get that US funding, which I am sure they will get and fairly soon.

In regards potential, I like to invest in companies BEFORE they make a discovery, as this is where the transformational gains are made. Although PM is a along the discovery curve it offers huge potential expansion through the drill bit.

Additionally, Garfield is a very exciting project and offers transformational potential through the drill bit, should they make a discovery.

One may still have the above opinions and still have a balanced opinion about a share price increasing 60% and taking a breather. GMET is my largest holding.
Posted at 02/2/2024 10:37 by smart48
Excellent presentation, Oliver is very articulate and enthusiastic for the projects.
Share structure is to be noted, good to see management have purchased their shares and not being given free stock.

Why I have invested.
In Nevada, mining friendly.
100% ownership of all areas.
Tungsten proven resource, with strong possibility of upgrades.Financial assistance from US government would instantly lift share price
Multi commodity portfolio, Tungsten, Gold, Silver, Copper Lithium with the potential of Uranium.
Low market cap, with very low free float of shares.
Garfield early results look very promising.
The speed they managed to increase Garfield area was impressive.
Management.
Potential for decent appreciation from these levels.

My initial investment was just over 10p then got over excited and added on good news and bought at 16.5p, added a few more today.

DYOR GLAH
Posted at 02/2/2024 09:48 by the count of monte_cristo
The below posts seem fair and accurate to me.

The Count of Monte_Cristo29 Jan '24 - 10:19 - 96 of 114
17.5p would be around the 15m market cap. GMET has increased around 60% or so in a short period of time, very good. Nothing goes up in a straight line though. I'd be happy to see it consolidate around the 15p level until news comes to drive it further

Thursday that you referred to. Many thanks.
The Count of Monte_Cristo31 Jan '24 - 01:31 - 110 of 114 Edit

As much as people don't want to hear it...like the 'only positive news receives praise' Telegram group, the share price has increased 60% and has had a good run, taking a breather is healthy.
Posted at 25/1/2024 06:58 by someuwin
First equity

"...Valuation & Recommendation - As Pilot Mountain is the most advanced project
with a MRE, our valuation for GMET centres on this interest, using a risked in-the
ground valuation estimate approach. This gives a base-value of $58.2m (£44.8m),
comprised of the existing resource ($41.6m) and exploration potential ($16.6m).
A notional 5% value for the in-the-ground tungsten resource defined at ‘Indicated’
level is applied and 1% for ‘Inferred’.

Although other projects such as Garfield, Kibby Basin and Golconda hold potential
to become ‘Company Makers’ and add significant value for shareholders, for the
time being until we understand more about them from further exploration work,
these have a ‘To Be Determined’ (TBD) value.

A £44.8m sum equates to a 35p per share valuation, offering considerable uplift
from the current share price of around 10.50p.

The market still has not priced in the progress made by GMET since listing as well
as the exciting results achieved recently at Garfield, along with the growing
importance of a potential future domestic tungsten asset to the US, and high
probability that some form of non-dilutive grant funding can be secured within the
near term for Pilot Mountain. With these thoughts in mind, we recommend the
shares as a ‘Buy’ with a price target of 35p per share."

Full Note here...
Golden Metal Resources share price data is direct from the London Stock Exchange

Your Recent History

Delayed Upgrade Clock