Great Western Mining Share Discussion Threads

[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.

[encarter] 26/1/2023 09:24

The overhang may not be that big, hopefully some genuine investors took a slice. I don't see the share price down here for long.

[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