Great Western Mining Share Discussion Threads

[mikedon1946] 14/4/2021 21:55

This is a share that should finance its capex from the Rubbish that previos miners have left behind.

I'm happy to allow my share to sit there and slowly accumulate value, going along steady not dropping not increasing.

[kewben71] 14/4/2021 21:00

Hey Eeyore...good to see you pop in...
You haven’t thought you could make some cash back given the previous disappointments?

Aw... it is sad you are still grieving your losses here... nice you still keep interest and an eye out for Great Western though

Dan... depends what you see as short term? For me that is 4 months and would disagree. Believe plenty of upside through the Summer....

If you mean days/weeks... then who knows that with ANY share...

[danmart2] 14/4/2021 19:04

I don’t see a lot of upsides for this company in the short term, still a lot of work to do for it to be anywhere near production ready

[domple] 14/4/2021 15:23

Next 7 -14 days, start heading north methinks....

[kewben71] 14/4/2021 08:09

My thoughts on cash position ....
June £403k interims balance...

July. £450k placing
Sept. £400k warrants
Oct. £286k warrants
Nov. £1,100k placing
Jan. £30k warrants
Feb. £55k warrants and options
Apr. £1,000k placing

So year end accounts cash will show £2.3m less expenditure for 6 months.... (£300k??)....

Add the £1.1 post year end that’s £3m cash.... for an MCap of what?
£8m?????

Those warrants may be dilutive but they bring cash in....
Sure there are some placing shares just on the market.... but I am not seeing them being “dumped”

Look at the program of work...

THE COMPANY HAS CONFIRMED COMMERCIALLY PRODUCTION OF TAILINGS.....

Gold... copper... silver.....

Show me better value junior explorer at the moment?????

Happy to be heavily invested here.

Regards
Kew

[guyswonga] 07/4/2021 10:54

Will probably stay at this level till we get some results volume is needed to clear the placing and warrants once we get to around 0.35 ish

[guyswonga] 01/4/2021 15:30

At least we made a start on clearing some of the overhang today. Sp currently sat at 0.25

[neilyb675] 01/4/2021 11:01

IN AUCTION

[brut winky] 01/4/2021 10:28

Plenty of time to top up yet, stake building on the progression of the business plan, but good chance it will multi bag by season end. imo.

At 10% of the 140g/t is £8.5M and that is high really, he never gave much away and is why it hasn't done much today, but topping up when it retraces because it has shown the overall operation is getting closer to viable. GLA

[mikedon1946] 01/4/2021 10:24

no of shares = 3,122,964,550 and minimum 70 mill that is 44p a share, no wonder people want to buy in

[neilyb675] 01/4/2021 10:16

another 10 million buy, someone being allowed in here on the cheap....

[mikedon1946] 01/4/2021 10:11

Egdar: with 12000 tonne @ $23500 = $282 million assuming 50% goes to costs that leaves $141 mill reduce by 25% for being way out, still several time correct valuation of company in fact 70.5/10 so 7 times just wait as this is only the rubbish being cleared away not finding and gold or silver.

[jaspoland] 01/4/2021 10:01

Pro unlikely if volume returns. Today has seen some interest. Gold back above 1.7k so likely that .26 will be breached within the next week.

That said talk of multi bagging is premature imho

[brut winky] 01/4/2021 09:55

Technically the spoil heaps ae rubbish, but there's gold in recycling these days, lol
Topping up, maybe not today but going to have some more, because once the plan starts to pan out and costs start getting covered it will only take a good find and boom time,

Heaps only need to build the facility, put some roads in and cover running costs for a couple of years and it will multi bag once stragglers realise they are in operation anyway.

[jaspoland] 01/4/2021 09:54

Yep needs to break .26 before anyone should get excited

[kewben71] 01/4/2021 09:36

Still... will take
“ it’s rubbish” as an improvement on
“ its A Con and should be delisted”

Wonder whether can Break the .22 to .26 range??

[kewben71] 01/4/2021 09:34

Hey Eeyore. Good you could drop in...

You still on for July challenge?

£10m mcap+ you called it wrong. Coz let’s face it if it is you could have turned a 40% profit...

Less than that I profess you as grand master and share guru extraordinaire??

Good to see the share price in ol’ GWMO on the rise hey Fest? You must be delighted for us that have invested here. Little bit of regret yet?

[brut winky] 01/4/2021 09:22

Won't be long before these are on all the tipsters radars and worth £50m, that could be by end of this season.

[mikedon1946] 01/4/2021 09:08

Using todays low prices for gold and silver these amounts produce £17000 ($23500)per tonne, I assume there are a lot of old tailings. (Can someone check my figures I could be way wrong but would like confirmed)

A 100 tonne do not look much when on the ground, so in order to set up the processing there must be a LARGE quantity of tailings these should be worth millions.

[edgar222] 01/4/2021 09:04

Assuming each spoil heap is the same and that there are 12k tons of heaps that is approx £200m at today's prices for gold and silver (being conservative on the prices).And that is not the exciting project or why I hold.

[brut winky] 01/4/2021 08:55

The bit that seems to be being missed is that there is clearly a good amount of gold in the heaps and the heaps came from where they're about to drill to confirm that there is loads more, potentially valuing GWMO at £100's M and bagging multi double digit gains from this level over the next few years. GLA

[dreamtwister] 01/4/2021 08:48

and on a guest appearance on april fools day may i present "The hitman1 !!!!