Great Western Mining Share Discussion Threads

[barnetpeter] 23/6/2017 07:49

Plus they are at 1.75

[sigora] 23/6/2017 07:45

too much momentum to worry bout 4.6m warrants nothing at all expecting a blue day

[yorgi] 23/6/2017 07:38

Agreed Boysie and most definitely if one is looking at the medium to longer term which I most certainly am.

[glenkaz] 23/6/2017 07:37

S o l g mk 2 !!!!!!!! Watch thease fly 3p will be smashed today! IMO! Gla! And it's a fabulous Friday! W w b o a t w ! Ha ha ha! 🤒👍🏻

[electrick] 23/6/2017 07:35

so Beaufortd want their wArrants before the placing shares they got them for even hit the exchange...
Tell me how fishy does that actually sound?
Wanting to get their money out quick sharp before the music stops.

WAKE UP AND SMELL THE COFFEE.....

[boysie72] 23/6/2017 07:28

4.6m is nothing to worry about.

[jungmana] 23/6/2017 07:26

This is going places. Very similar to SOLG which has 20 bagged in last 15 months.

[banksy] 23/6/2017 07:22

And here come the warrants.

[glenkaz] 22/6/2017 23:35

Can't wait for tomorow! 😃🐍

[festario] 22/6/2017 23:32

Litho.... nice to see you here.Yes, there is much of that type of BS being dredged up and thrown onto these boards I'm afraid.

[glenkaz] 22/6/2017 22:53

You know a good share by amount of posts on Lse! Massive volume! 3p smashed IMO! Tomorow! 5p next week! Unless we wake up to one then straight to 5p!! All IMO! 🚀👍🏻

[sigora] 22/6/2017 22:48

well well well rio tinto

[glenkaz] 22/6/2017 22:41

Great post eu! This is big! Huge massive! Whatever! Aim share of 2017! Multi multi bagger! C u at 3p in the morning! Gla!

[euclid5] 22/6/2017 22:15

swiped from LSE - old but relevant news ir it was true then: thanks Sreech777

Rio Tinto Limited In talks with Great Western Corp. (GWMO) to increase its interest in Great Western Mining Corporation PLC who operate as a mineral exploration company in North America and Ireland. The company explores for copper, silver, gold, uranium, lead, and other minerals properties. It owns interest in 896 claims comprising approximately 7,305 hectares in Mineral County, Nevada. Great Western Mining Corporation PLC was incorporated in 2004 and is based in Dublin, Ireland.

Currently GWMO are carrying out reverse circulation ("RC") drilling on its M2-Smith copper target in Mineral County, Nevada, using the O'Keefe Drilling Foremost Prospector W750 drill rig, the most versatile RC drill rig configuration in the industry today. The rig has been designed with off road drilling campaigns in mind and to produce results in almost any conditions.

This is in line with the Company's programme announced to shareholders earlier in the year and work is progressing in good time and on budget. The drilling programme is designed to appraise and evaluate the successful pilot drilling carried out in 2013 on M2 and to assess the extent of the resource at the M2-Smith Prospect through step-out drilling. 14,000 feet of RC drilling is planned, in approximately 30 drill holes, but this may vary depending on the results achieved.


These results are now believed to have revealed a significant JORC UPGRADE of 400/500% from the initial first 10-20 holes drilled. And rio are now looking to make a very significant cash offer for a increased piece of this highly sought after project.

hxxp://www.siliconinvestor.com/readmsg.aspx?msgid=29523951

[euclid5] 22/6/2017 21:57

one piece of good news if anyone has read the CPR? is that the vcost of the BFS is only $9m...which is a small amount compared to other assets requiring BFS

[yorgi] 22/6/2017 21:19

I think you might find that the issued share capital is somewhat higher than that Kewben.

According to todays RNS when the present placing shares are issued :

Following the issue of the Placing Shares, the Company's enlarged issued share capital will be 588,073,809 Ordinary Shares of EUR 0.0001 each. The above figure may be used by the Company's shareholders as the denominator for the calculations by which they may determine if they are required to notify their interest in or a change in their interest in the Company.

[kewben71] 22/6/2017 21:13

600mm were approved.
190 mm now placed

[glenkaz] 22/6/2017 20:55

My view is try and buy under 2.25 no chance! Zoom zoom zoom! Like a rocket! 🚀 Rns time now! We've given! They will! Simples! Watch it multiply on news! Yummy yum yum! Gla! In it to win it! 🤒👍🏻

[yorgi] 22/6/2017 19:22

My view on the increase in shares, dilution we have just seen could quite easily be more than compensated for by better than expected (should that be the case) resource upgrades.

Sharktooth in itself is massive.

[yorgi] 22/6/2017 19:20

On your second point there will be a limit (I believe that to be the case) on the amount of shares they can issue without having to go to shareholders to raise the number increasing their headroom. Without wading through everything I don't know what the figure is.

[yorgi] 22/6/2017 19:18

I would have thought this covers your first question Vauch and I have no reason to doubt it.

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."