Great Western Mining Share Discussion Threads

[boysie72] 22/6/2017 08:23

1.8p seems to be the bottom, don't see the point in selling, chances of going lower than that are very slim. This isn't a there's no gold RNS, it's fund raising for a reason. If you think the BoD are lying, then you're only holding shares as a valid reason to moan.

[festario] 22/6/2017 08:20

Rmsl, no they wouldn't take any, they have too many to digest.Gold will be a fantastic surprise, but it would only lead to further placings. It's how AIM punches you in the face if you dare to pick a share that does well.AIM, the paper printing merry go round.There are corporate governance rules against such measures in FTSE, but here in the Wild West, anything goes.

[shaunx] 22/6/2017 08:20

Festario why is that naive?

[shirley83] 22/6/2017 08:18

If company had left it this would have been 10p soon enough.. Everyone was buying..

[banksy] 22/6/2017 08:18

Yes where is the inferred gold. I see copper but no gold

[2driftwood] 22/6/2017 08:17

Can I add it's the first time I have got it 100% right

[2driftwood] 22/6/2017 08:17

Not gloating but I offloaded a 3rd at 2.5 yesterday morning quite happy with myself this morning.

[rmsl1] 22/6/2017 08:17

Did you sell some already Festario ?

[rmsl1] 22/6/2017 08:16

We just need to be patient as always but imo it will be rising again soon. I will ba waiting for the moment they will annonce "gold" !!!

[festario] 22/6/2017 08:15

Very naive statement BarnetPeter

[barnetpeter] 22/6/2017 08:13

I think the placing was a fair price as it would have been organised when the mkt price was 1.9. You cant blame the company....they could have raised funds when the price was 0.4 so 4 times that amount is great.

[rmsl1] 22/6/2017 08:09

I will not sell a share today ^^ ! I have done this mistake once and won't be doing it twice !

[rmsl1] 22/6/2017 08:07

My selling price increase from 1.6p to 1.85p already. Could go back as quick as it went down. I can't see any trades though ! Problem has not been solved ?

[barnetpeter] 22/6/2017 08:07

I got 1.81 so fine!

[festario] 22/6/2017 08:06

What?? No trade data again? Disgusting

[festario] 22/6/2017 08:05

There's the minus 30% I warned of. Let us pray it doesn't get dumped badly now.

[festario] 22/6/2017 08:00

I will be selling some today, because they've proved my point for me, so it's time to salvage some profit and move on elsewhere.I'll keep a core holding, but it's a smaller size of the company every time they dilute.Any further rises are always welcome, but they WILL repeat the placing exercise, why wouldn't they?

[kewben71] 22/6/2017 07:58

Low opinion?
Defensive and they want to complete the job in hand.

Does put a marker down for the future as to how they regard their shareholders.
1.6p is almost criminal

Free ride for me. Couldn't be happier!

[glenkaz] 22/6/2017 07:57

F me we'd be 6p by now with no double placing!! Thought they had finance!! 3p will come soon enough I'm sure so patience now required! Was looking so forward to see this motor today! Hey ho! Gla! 🙄

[yorgi] 22/6/2017 07:55

It's done now and there is nothing we can do about it. I still believe our company will be worth more over the next 12 to 18 months so won't be selling.

I would have thought if one has such a low opinion of our BOD and future prospects then rather than moan the logical thing to do is to sell. I would and move on.

[duplicate book] 22/6/2017 07:53

PI's bought over the first placing. The share price has remained quite bouyant with continued buying. It is going to be interesting to see what happens after this mornings news. Nice for those taking part in this placing. If any of these shares are forward sold, then we will get an overhang which would put pressure on the share price at a time when it was gaining upward momentum. Cannot see the necessity of our Board going for extra funds so soon after the first placing! Hey ho.......

[kewben71] 22/6/2017 07:53

The board don't care if this drops back under 1p
They are used to working in the shadows getting on with things and following a strategic plan...
It seems they are not yet ready to pull the trigger and would prefer time to prove things up.

Not great if holding today but the long term prospects and the exploration funding is now secure...

I expect there are going to be a few unhappy people today on the boards and the inevitable posters who will glory in people's pain.

Personally I am going to turn of now and revisit in a few months.

Good luck all

[yorgi] 22/6/2017 07:49

Kewben perhaps I was not clear in my last post. I do see the extra £1.5m as a positive of course and will help considerably in speeding up exploration. Our BOD have always managed funds prudently in my opinion. My objection is the price these "institutional" investors have paid. If thy wanted in so much they should have had to pay more in my opinion.

What I meant about it not making any difference in the longer term is my bullish view on our company as I believe our resources will prove to be worth much more than the present market value.

I hope that makes sense.

Obviously it will check the present rise.