Great Western Mining Share Discussion Threads

[flavio_monteiro] 16/2/2023 09:39

From a charting perspective...we have a double bottom in place now...(a very powerful reversal signal) so this symbolises the end of the last downtrend. :-)

[encarter] 16/2/2023 09:04

Yep only good news to come. Are there any drill results due?

[negan] 16/2/2023 08:48

Has anyone seen Spincero1 this morning the ramping little 💩

He's the kiss of death to any share. Ramping ANGS, here Vast all the way down from previous spikes!!

[flyhi1] 16/2/2023 08:34

First move up. Onwards and upwards.

[flyhi1] 16/2/2023 08:15

On the verge of becoming a producer, fully funded for the foreseeable so all set for a good year ahead for shareholders.

[flyhi1] 16/2/2023 08:12

Primed for next move up.

[broken_arrow1] 16/2/2023 08:08

A premium being asked for anything over £500 of shares, the stock was covered by Zak Mir with a imminent price target of .11p

The stock broke out of resistance yesterday BTW.

[flyhi1] 15/2/2023 16:03

Could easily move up and beyond 0.1p.

[flyhi1] 15/2/2023 16:02

Moved up before the close and now full price paid for 5M.

[flyhi1] 15/2/2023 14:19

I agree Broken Arrow1 we could easily be back in area of .13-.15p and I hope we some good news well beyond.

[tradedesk1] 15/2/2023 13:42

Seems that way. 0.0938 ASK at the minute, looks like its filling the gap to 0.11/0.12 then it goes.

[broken_arrow1] 15/2/2023 12:50

Premium being asked for just £1000 of shares right now, it does look like a breakout is occurring.

With a fair wind the share price could easily travel back to .13-.15p near term where it traded for most of last year.

[tradedesk1] 15/2/2023 08:32

"it has become clear that, at the established M2 copper resource, an elevated and measurable level of rare earth minerals is present" I personally think on just the Mill/Plant alone going up it should be trading at 0.50, if the Rare Earth shows are strong then it will take out 1p. The mkt cap is too low here. A farmout on the Copper asset will do it too. Drilling at OMCO could spark it as they've found the extension vein there that could be a decent sized jorc coming up. Great risk v reward now.

[silverspoon2009] 15/2/2023 08:32

Market depth is small, only £10k of stock on offer before a premium price.

[broken_arrow1] 15/2/2023 07:57

Chart looks good for a short term move to .12p - no resistance.

Increasing volume yesterday suggests momentum is building.

[flyhi1] 14/2/2023 17:41

Soon to be a producer which should then fund the exploration on the huge acreage it has licences to explore and any one could be worth multiples of today’s crazy MC. share price could easily multiply several times if explorations comes up trumps.

[flyhi1] 14/2/2023 17:37

SP steadily rising from hugely oversold position.

[tradedesk1] 14/2/2023 15:13

For perspective the market cap at 0.20 will only be £8m & at 0.30 it would still only be £13.5m here....this is where very early stage exploration plays like FCM ECR COBR EEE are trading now. GWMO should at the very minimum be level with them right now, there's a value disconnect. Given the Mill/Plant construction is underway and funded, with early revenues it should atleast double from there given its proximity to revenues is much closer than all of them, i'm getting to 0.50 (£22.5m) with a bit more market awareness and that only puts it level with POW which is exploration only. Anyone loading up here at these prices should make quite the killing given your buying near all time lows the risk v reward imo is second to none.

Not to mention the Chairman has over 3.7% of the stock now and was buying it up big recently, lifestyle BoDs don't do that, he's in his mid sixties now and this is probably his swan song, he is ex Aminex so knows how to scale operations, navigated this through the pandemic probably the most difficult time to take the helm he now needs to deliver the share price for himself as well, generating revenues seems a good way to do that. Dyor.

[tradedesk1] 14/2/2023 14:55

Re Rare Earths IF they have it in commercially viable quantities then a bigger player will snap it up without hesitation. Strong shows still would strengthen any farmout deal as well or a complete sale of the asset. Everything is up for sale at the right price.

[flavio_monteiro] 14/2/2023 14:43

Thanks for your views Tradedesk...any views on the Rare Earth Minerals?

[tradedesk1] 14/2/2023 14:26

£6-£7m (0.15/0.16) is bread and butter for this stock. It's been trading that last couple of years since the pandemic, higher before that. It will tag that even if they had nothing but drilling planned but given the near term revenues and mill construction underway its a game changer. They also hadn't placed in two years, thats out of the way now and we're able to pick this up at £4m mcap with +£1m in cash post dilution, when you look around there isn't a miner at this mkt cap with near term revenue upside with a plant under construction. For perspective POW is trading at +£20m, its exploration only.

This can tag 0.50 and still look cheap at £22m. Thats circa 500% upside from here and a valuation that isn't too stretching just on the Mill side of things initially.

First images out of Nevada of that plant being constructed fomo will kick in. This is an absurd valuation for a near term producer, permitting could land any day and a rig is mobilising at OMCO. Too much going for the valuation not to correct now.

Theres also the potential farmout of 4.3mt of jorc compliant copper resource in the works. If that comes in opens up pathways to +1p.

[sincero1] 14/2/2023 14:03

i bought more last week after also buying on the placing .... small mcap...funded for work going forward ... definitely under the radar ....good things to come in 2023 unlike at ggp and gcat ..only misery lies ahead there ...

[123trev] 14/2/2023 13:55

The thing with this market it could be a lot higher or a lot lower next week or it could stagnate for months then quadruple or go bust you explore the odds and take it from there not for widows and orphans but the big guns have been less than Stella if you look at your pension funds.

[kewben71] 14/2/2023 13:47

Well my money’s on a position…
Let’s see

You won’t hear me whinging if I lose it all.. but likely a squeak my be uttered to the upside!