Great Western Mining Share Discussion Threads

[123trev] 01/2/2023 18:04

Look at prem and vast lol if your talking about attracting a new following year after year after year etc.

[kewben71] 01/2/2023 17:37

Well if the chairman keeps taking his salary and buying shares with a…..

[flavio_monteiro] 01/2/2023 15:51

flyhi1, I noticed that the chairman spent 97% of his salary (2022) from GWMO on shares in the last couple of months...Excited about the next year1

[flyhi1] 01/2/2023 15:25

They have a lot going on so we should see some good newsflow over the coming months.

[flyhi1] 01/2/2023 15:24

A decent wedge then Flavio :-)

[flavio_monteiro] 01/2/2023 15:04

I have bought 1% of the company in the last 5 trading days.

[flyhi1] 01/2/2023 14:53

I'm happy to keep adding while the share price is down here before the news soon starts to flow. Directors have put their money and they know the potential value company better than anyone.

[flyhi1] 01/2/2023 13:34

Couldn't get them at the bottom but still a great time and price to buy before the news starts flowing.

[flyhi1] 01/2/2023 12:31

If directors have dug into their pockets to invest heavily then that is big clue !

[flyhi1] 01/2/2023 12:30

Time to add some more.

[123trev] 01/2/2023 11:56

It’s definitely in the Goldilocks zone a beaten down share price a low m/c news forthcoming and that placing expect several nuggets as big as ya fist found lol.

[tradedesk1] 01/2/2023 08:45

Not sure everyone understands how businesses work, markets are forward looking always - most AIM stocks are serial disappointers until there not, I remember ufo trading at 0.07 rocketing to circa 2p a few years ago. Timing is key.

These guys navigated the company through a pandemic by conserving cash and didn't raise for 2 years so if you invested in 20 & 21 its probably been a hard slog - but the strategy was changed and they entered into a MOU for the Mill Plant in the July of 22 - that's when the opportunity became available and not before, that then became binding in September. They gave a further update 05th January as they emerged from winter - construction is to commence end of Feb and permitting is underway. So all in all in the space of 6 months theres been a significant pivot. Anyway expecting further updates shortly. I see significant upside from £4m now.

[flyhi1] 01/2/2023 08:27

Quite so and massive upside potential in medium and long term. Massive.

Directors see it that’s why they have invested massive upside potential.

[tradedesk1] 01/2/2023 08:20

This raise was the first in almost 2yrs and that too without warrants which is a departure from how they've raised before. I suggest you read the RNS again and find me another miner at £4m that is or will be producing any revenues.

[danmart2] 01/2/2023 07:45

They will be back raising funds by the end of the year

There’s nothing in their plan that will get them profitable. It’s all assumptions

Read the RNS again

[tradedesk1] 01/2/2023 07:38

Yes it is. Currently just £4m at 0.09, not much of a stretch to move to £13.5m-£22.5m (0.30-0.50) initially. 250%-500% upside from here.

[flyhi1] 31/1/2023 12:25

Great opportunity IMO.

[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.