Great Western Mining Share Discussion Threads

[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.

[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.