Great Western Mining Share Discussion Threads

[yorgi] 25/6/2017 23:08

I'm missing nothing!

I would add that that my view on GWMO has been consistent over the last 2 years, I believe we are undervalued and that remains my view. Whether that is right or not only time will tell.

I'm not interested in the "brains behind large investors" either. Makes no difference to me.

If the share price goes down I can add to my holding at a better price then :-) As I say my view has been consistent I was not suggesting a few weeks ago that I was looking to sell half of my holding on the next spike ! Or making derogatory comments about GWMO or the BOD, I believed our potential was a lot greater than where we were at 0.4p and it would appear those that partook in the recent placing at a much higher price must also think there is upside still.

Anyway we will see what tomorrow brings but I'm more interested in what is discovered and proven over the next 6 months plus.

As you took some off the table here Festario then I can only assume that like a few weeks ago you are not as optimistic about GWMO as I am. That could of course be a good move, only on looking back will we know :-)

[festario] 25/6/2017 22:40

Yorgi I think you are missing my point, perhaps deliberately.Why I draw a comparison with SOLG and why I assert that no 'dramatic' fallback must happen this week, is to do with the brains behind large investors.Not retail punters like all of us on these boards.You see, there are people who know much, MUCH more than us about what the figures in this JORC really indicate. Not only that, but what they infer for surrounding geological formations.That, plus the feasibility of extraction, scale up, transport links, customers etc.It's 'wheels within wheels' like everything else in this life.If the resource is as exciting as we think (or hope), there will be no dramatic fallback in SP, as those in 'the know' will be hoovering up any slack in the supply.No one will be happier than me if make serious money here, because my wife has been looking at houses and kitchens way beyond my current means!

[yorgi] 25/6/2017 22:32

Festario I have just had a very quick look at SOLG since you brought it up and I see the market cap is £593m ! I have no idea what the resources that SOLG own or what position they are in but what I do believe ours are worth a lot more than £12m, M2 alone is worth more than that in my opinion.

[barnetpeter] 25/6/2017 22:19

Lower I think yorgi...,have you seen the excitement about ukog? Lots of other shares will be down a bit as punters sell to pile into Weald shares. I don't mind myself ...

[yorgi] 25/6/2017 21:52

Whatever SOLG share price did in achieving the value it is now should not be taken that GWMO will follow that same pattern in my opinion. I'm quite sure there are examples similar and others not but I have not studied SOLG as the share price here will perform in its own way dependant upon investors understanding of the recent news from M2 and in particular the Sharktooth zone and what news we see from M1 and M4 when we see it.

We are now well funded and David Fraser was quite clear with his comments in the RNS of the 22nd :

David Fraser, Chief Executive, commented:

"We are very grateful for the confidence and support demonstrated by our institutional shareholders in supporting this further funding. The new money, in conjunction with the previously announced placing, will enable the Company to take a giant stride in proving the world class potential of its M2 Copper-Gold prospect. The Company has a very busy field programme this summer and autumn on its three most advanced prospects, M1, M2 and M4, all in Mineral County, Nevada. We look forward to updating shareholder as the results from this work are generated."

Festario your comment :

"Therefore, for GWMO to achieve for us what we hope it will, there can be no dramatic pull backs such as to the placing prices of 1.25p or 1.6p."

I'm not sure who you mean by "we" and also why there can be no dramatic pull backs. I am looking to remain invested for the next 6 - 18 and although of course will keep my investment under constant review but any dramatic pull back from the present share price I will see as good which will enable me to add to my holding at a better price.

No it is not pivotal at all. Totally wrong. We are now well funded so there should be no reason for any further placings and whatever the share price does it has no change what resources we hold and being proven so to any long term investors the share price this week does not matter a fig.

I was posting for the past 2 years that in my opinion when our market cap was around £1 - £1.25m we were well undervalued and you regularly disagreed and made negative comments. Well we are now around £12m and I believe we are still well undervalued.

We will see what the market values us at in 6 months time. Traders that have suddenly flocked to trading GWMO in the last 2 weeks may not welcome a further drop in the SP, I do so I can increase my holding. However in the absence of any news in the morning I have not the slightest idea which way the share price will go first thing tomorrow.

EDIT

From RNS 22/6 Issued Share Capital 588,073,809 x 2p = £11.76m Market Cap.

[domple] 25/6/2017 21:33

I'm sticking with Gwmo. I've heard from a Trusted source that this company are featuring on the radar of a multi-national mining co and they're looking at Gwmo. Nothing guaranteed. the normally conservative CEO is extremely positive. So, I'll keep these for the next three months at least and review things as and when we have more news runs but am expecting a few dips on the road to new highs.

[marvel66] 25/6/2017 20:37

Your figures are off Market cap here is just under £8 million

[apfindley] 25/6/2017 20:02

Still maintaining a few million here for longer term, but with the recent share issuing and the price ruse too, the market cap has now risen high enough going from £1.5m to nearly £15m.It might cool off a bit in the coming weeks, so might be time to switch attention to Arian silver AGQ who have plenty of cash, are currently drilling for lithium and are only at £2.1mill right now. And acquisition to be announced soon. Keep your eyes on it... AGQ

[barnetpeter] 25/6/2017 16:35

Yes Count...but I think this matters to gwmo. If the price falls away this week we will know why. There is a lot of excitement about the Weald stocks this weekend and I think a lot of punters will sell others to buy in.

The mm's will know that so they will mark prices down at the start so those with stop losses etc should think about whether to remove.

[the count of monte_cristo] 25/6/2017 16:29

I do hope that happens timw3, but this is the GWMO bb:))

[timw3] 25/6/2017 15:03

Can see a lot of money from other shares switching to UKOG on monday.. UKOG is a multibagger waiting to happen

[barnetpeter] 25/6/2017 13:12

I would not worry too much.....Bellzone fell away sharply and then had a big rally. GWMO has had its run now and the punters will need to sell to pile in to the oilers after the UKOG news. Which was special it must be admitted.

So I expect a fall and it might be a heavy retrace as punters sell and pile into UKOG and other Weald stocks. But they will be back.

[electrick] 25/6/2017 12:37

Taken a look around the boards this morning and GWMO looks to be in a bit of a sorry state.

Do have some concern with Monday opening as it seems momentum has shifted. Hot money going across to other stock.

That said. And on a Positive point it is not forgotten that the volume traded on GWMO has been phenomenal since 12th June.

SP held well above placing prices and even a small number of Warrants at 1.75 haven't had that much of an impact.

Would love to see whether there is any news on TR1 or even a holdings RNS coming out on Monday. Will know soon enough. Does seem a long shot though and with 590 mm. Shares in issue. ( shortly) will be securing an MCap at 10-12 mm at these prices.

If the share price does drop tomorrow and doesn't recover by 10.30 am really does look like I have made a short term mistake

With warrants still with Beaufort at 2.1... With cash to complete their works and an improving resource there is certainly more to be taken here.

[glenkaz] 24/6/2017 23:12

No not me I have not opened a short! Not here or anywhere! Dissagree! With shorting! Gla! I know most here are free riding or made loads! Well done! second placing cost is 3p easy this week Gla! Need good news now to go forward 👍🏻

[bewarepaul] 24/6/2017 22:00

Maybe the value has gone

Nobody wanted this stock at 1.2 mil cap. Now at 2p it's valued over £11.5 million.
Beaufort is none other than Hoodless Brennan no wonder they are milking this rise.

[festario] 24/6/2017 14:28

I've been studying the SOLG rise from 1p to 40p.It appears that from the first move up, there were only gentle pull backs and nothing dramatic.This suggests to me that those who were building a stake back then knew exactly what the company had and knew not to 'profit take' along the way.Therefore, for GWMO to achieve for us what we hope it will, there can be no dramatic pull backs such as to the placing prices of 1.25p or 1.6p.If that happens early next week, then we must assume that we have misunderstood the grades of mineralisation, and that those 'in the know' have made what profit there was to make, and moved on.This is a pivotal week in terms of where GWMO is heading, despite no news being expected.

[glenkaz] 24/6/2017 12:24

Opened a short 🤔 Gla! In or out!

[wolf_in_the_bath] 23/6/2017 23:49

This is TANKING MONDAY jump before its below 1p everyone has been had by the Twitter rampers! Concerned Wolf .....

[glenkaz] 23/6/2017 23:02

Yorgi very quiet🤔

[sigora] 23/6/2017 22:50

agreed ukog took attention away today , but only 1 rns away from being back in the limelight still 2nd on bb over at lse , hopefully that someone keeps buying large chunks to support the share price for time being

[euclid5] 23/6/2017 19:54

Scoping Study

Don't forget this is being released soon:

The Sharktooth Exploration Target estimate demonstrates the potential for very significant increases in Total Mineral Resource at M2. We look forward to updating shareholders once the full Scoping Study has been delivered and assessed by the Company."

[barnetpeter] 23/6/2017 19:44

market lost interest here .....L2 was weak all afternoon and plenty of sellers.

I am sure this will have another run soon. Punters will return soon.....but the punters are moving on for the moment. Cant blame them after the ukog news today.....loads of bombed out HH stocks. Alba and Prim etc. I think ukog will race up; but gwmo may have to wait a bit.

[barnetpeter] 23/6/2017 19:41

I am sure this will have another run soon. Punters will return soon.....but the punters are moving on for the moment. Cant blame them after the ukog news today.....loads of bombed out HH stocks. Alba and Prim etc. I think ukog will race up; but gwmo may have to wait a bit.