Great Western Mining Share Discussion Threads

[tradedesk1] 26/1/2023 08:31

fwiw the last time the shares were trading here in the 0.08s we went onto tag 0.30. I'm confident once the overhang clears our first move back is around 0.15, the shares were trading there only 15 days ago. Fully diluted the mkt cap is still just £3.8m here with £1m of that in cash, the tailings at MJ alone are worth more than the entire mkt cap of the company so this valuation is quite ridiculous. From there we make new highs providing Mill construction and permitting proceed as planned, this time however there are no cheap Novum warrants in the teens anymore to act as a drag, the final batch at 0.30 expire in April so I don't see any resistance once this churn here is done.

Construction kicks off in February and permitting is in the works so as that gathers pace so should market awareness and confidence, it will get chased higher - we've such a low base to begin with the upside is quite immense. 0.30-50 target.

The wild card is the big Copper asset if they can land a farmout there but i've discounted that from my train of thought for now. If it comes in then 0.50 will get taken out and likely head to 1p depending on the deal if they get free carried to production even on a minority interest, a small slice of a big project is still a big slice when you're a minnow.

[festario] 25/1/2023 15:58

I don't think he has sold any, merely had his holding diluted by yet another placing.

[abergele] 25/1/2023 15:36

Andrew Webley's dropped 1%...
now Spreadex has a 6% ,or 280 million against it,GWMO,taking up the slack?

[kewben71] 20/1/2023 11:23

Lol.. take a look at the directors remuneration… lifestyle!! Brilliant.

Brian Hall has recently spent £80k on director purchases or placing participation…

A junior explorer.. 2 years of doing just that… some good some poor results…

Oh and production facilities set for 2023 with assets purchased and site secured…

I guess expectations of a small junior explorer differ… stick to your divi yielding companies… I prefer some risk for larger gains…
And I have patience

[encarter] 20/1/2023 09:55

They are about to start construction on a mill to produce gold. You probably haven't done your research.

[festario] 20/1/2023 09:43

It really isn't, unless you mean delisting?

[encarter] 20/1/2023 09:28

It's about to happen.

[kewben71] 20/1/2023 09:26

Would I have liked to have made significant profits on my investment already. Sure

Am I disappointed the drill bit has not hit bonanza grades ( a little!)

Would I have preferred to have bought my shares at .8 - .9 rather than my current .158 average? Sure

But as we sit here today I am happy to hold as I do. And I believe in the team and prospects for me and the company

[danmart2] 19/1/2023 20:30

I think the market cap of £3.7m is on the optimistic side

[festario] 19/1/2023 15:24

You are being naive and dishonest, with yourself!

[kewben71] 19/1/2023 14:50

Nope worth £3.5m.

Not worthless. Jeez Fest, these are the basics.

And your ref point is 7 years ago.

Very happy where my money is.

[festario] 19/1/2023 13:24

No... loads happened in 2016, but they only said it did.All they do is talk, pretend, and issue worthless shares like confetti. FIVE BILLION of them

[kewben71] 19/1/2023 10:58

Loads has happened… your myopia and previous losses clouds you judgement.

[encarter] 19/1/2023 09:27

It is happening. They are building a mill to process the ore, then they will be a gold producer. Have you noticed the price of gold these days?

[astralv1si0n] 19/1/2023 08:42

Another criminal AIM stock for mug punters.

[festario] 19/1/2023 08:27

Nothing will happen, it never has, it never will.

[kewben71] 19/1/2023 08:19

Looking forward to an operations update later this month and hearing ( hopefully) positive news on the permitting for phase one of Great Westerns production facilities.

Getting a local facility up and running in the area will enable them to process their spoil heaps initially to generate some revenues and with the development of their 2022 drill campaigns start to build into the company many have always believed Great Western will become.

<£4m MCap with £1m+ cash in bank, a couple of great prospects well progressing and a production facility up and running will see multiples on the MCap from here.

If this is the definition of Pish… then I agree, looks very good for 2023

[encarter] 18/1/2023 09:25

A Great Western 2023.

[kewben71] 18/1/2023 09:13

Well I see we still disagree Festario but I love that you keep visiting with your words of wisdom.
Going to be a great 2023