Great Western Mining Share Discussion Threads

[flyhi1] 31/1/2023 12:25

Couldn’t resist at this price. Only wish I had been able to buy last week.

[tradedesk1] 31/1/2023 07:52

05th January RNS

"Groundwork will begin with first concrete poured at the end of February"

A meeting in "mid-January to review plans and incorporate any modifications required by the NDEP to facilitate consent for precious metals production start-up. Production can only commence after receipt of a NDEP permit but construction can begin prior to consent. The aim of the review meeting with NDEP is to give the joint venture the confidence to start construction"

"We expect to commission the processing mill in the first half of 2023"

I'm expecting updates to kick us of shortly. I do expect regular ones to keep the market well informed of the plant construction programme.

[tradedesk1] 31/1/2023 07:48

This could be the stock of the year. I remember ufo rising from 0.07 to 2p+ a couple of years back. The tiny mkt cap here means it doesn't have to hit any unrealistically high valuation to do some serious percentage, at 0.50-0.60 the mkt cap would only be £22.5m-£27m and that would be a 500%-550% increase from here.

No placing warrants now to act as resistance and drag for the first time in years. The only sizeable resistance is at 0.30 a batch of old placing warrants totalling 227m but they too expire in April of this year, given they're 230% up from current price and expire in the next 3 months they don't matter.

If they execute everything laid out in the 05th January RNS it's a complete departure and pivot from what they've done in the past. A £4m mcap company producing Gold & Silver, even if its throwing of somewhere between £2m-£5m in profit at the beginning 0.50-0.60 is comfortably attainable and not too stretching from a valuation perspective. If you want to go even more conservative then at 0.30 which is still 230% upside from these levels is a lowly £13.5m mkt cap. POW are at £23m, TM1 at £18m both exploration only.

& if Rare Earths show up in commercial quantities and the Copper asset is succesfully farmed out it could get even more interesting and unlock further upside.

[encarter] 30/1/2023 12:38

We're all doomed, doomed.

[sincero1] 30/1/2023 12:38

i bought at the placing price , exciting year ahead...unlike at gcat and ggp ....only misery awaits there .... ignore the disingenuous bellends ....

[festario] 30/1/2023 12:25

It's going to end in tears is this.

[broken_arrow1] 30/1/2023 10:29

IG are asking 0.94p, a premium for just £900 of shares.

The chart looks good for a run to 0.12p near term with 0.15p a real possibility.

[flughafen17] 30/1/2023 10:15

Large chart gap to 0.11p to the upside.

At best only for even smallish orders currently

[mindthegapup] 30/1/2023 10:03

Our resident troll will probably tell you how low they think the share price may go, but they are not equipped to deal with just how high this might go now :)

[flavio_monteiro] 30/1/2023 09:55

POSTED ON LSE by Chisler

Rare Earth MineralsSun 15:51
Something that was said in the RNS of 5th jan has peaked my interest for several weeks, under the heading, Rare Earth Minerals, the last sentence reads " It should be noted that the company is aware of relevant ongoing activity in this area by the United States Geological Survey (USGS ) an arm of the federal government." Why would the USGS be sniffing around next door to us in Nevada?
To my surprise easy as pie i got onto the USGS web page, boy o boy is that interesting, i suggest any one whom has a position here or is thinking of building a position should go on the USGS site click on news then click on state news. Reports dated January 24 2023, December 13 2022 and November 16 2022 are worth reading. The last one is the most interesting one, titled , Bipartisan Infastructure Law helps map critical mineral resources in Nevada and Oregan , take a good look at the map titled AOI 1, if you super impose that over our tennements it covers all of them, also that list is very interesting too. Now that list spells out what " critical minerals " are and the absence of which would " have significant consequences for the economy or national security" which is quoted in the September 26 th report also worth a read.
The US has only one mine that has these " rare earth minerals" The Mountain Pass mine 50 miles S/West of las Vegas just over the Nevada border in California, and i think its near end of life. China has 90% of global deposits of rare earth elements, minerals or metals. Now China has stopped all exports of such elements to the U.S. Therefore it looks like U. S. federal government can only source these elements from ......Nevada....
If whats been identified at M2 is on that list and is in sufficient quantities this is most definately another string to our bow.
I hope this information is useful to everyone and you find it as interesting as i have.

chisler

[encarter] 30/1/2023 09:50

You obviously think that you're far cleverer than everyone else so can I ask you how high the share price will go?

[festario] 30/1/2023 09:21

I've never been on LSE, I like to use ADVFN, under this name only, to WARN people about rubbish such as this.But you haven't listened for four years or so, and you won't listen now.This charade of a company is a lifestyle ride for a few directors, they will live very well.You will lose all your money.

[encarter] 30/1/2023 09:11

Yes it is. It really is.

[mindthegapup] 29/1/2023 19:44

Festario or should I say Alyhels or even Riseagain from lse time to buy back in again. Make back yer losses and some from previous years 👌😊

[festario] 29/1/2023 19:30

It isn't.... it REALLY is not.

[encarter] 29/1/2023 19:26

Because they are starting production. They haven't failed for years and years they have been working towards production and it is upon us.

[danmart2] 29/1/2023 09:42

They have failed for years and years, why do you think 2023 will be any different?

[encarter] 28/1/2023 06:58

No big trades at close. Perhaps the overhang has cleared.

[arthur75] 27/1/2023 18:46

Some patience needed here. IMO a nice buying in price , only way is up!

[encarter] 27/1/2023 13:52

Any minute.

[mindthegapup] 27/1/2023 11:50

About to tick up I reckon. Another big buy, 10.66M :))

[tradedesk1] 27/1/2023 10:37

A few more sessions and the shares should be trading in the 0.09s ready for a move back over 0.10

[graylyn1] 26/1/2023 11:52

Starting to wake up now

[tradedesk1] 26/1/2023 11:14

Correct. The Chairman especially and other Board members have increased there buying substantially in the last few months - you have to ask why and join the dots as they are nearest to the business...

The proximity to construction, permitting, commissioning, production and revenues is just weeks away now - all the old cheap Novum warrants have expired - the move to share price Angel a mining specialist is made, a raise is done with them to accelerate production and for the first time in years its without the enticement of cheap warrants meaning no secondary overhang once the fog clears on the placing. There is no resistance, its literally blue skies to 0.30, theres some warrants at 0.30 but they will expire in April. Whats the mkt cap at 0.30? Only £13.5m actually - is that reasonable for even a small scale producer with capacity to ramp up? I think you can almost double that to around £25m, 0.50 is probably fairer. Incredible, the low base makes it possible if they execute well now...& yes Gold, Silver and Copper are trending higher. Do not forget the Rare Earths which may show up in commercial quantities.

[encarter] 26/1/2023 09:27

Another point that can't be emphasised enough is the directors putting their money where their mouths are.