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ID78,have to remember that Gwmo has been unloved for a long time now so value will be added the closer we get to lift off in Nevada.
Buying in 2020 was not the move.
Buying at a point of inflection as production starts.That is the move.
Chart actually looks good to me: bullish divergence suggesting we are at the bottom backed by the fact production starts soon. If you’re familiar with the life cycle of a mining company this is one of the points you’d want to buy, it’s that simple.
Buying in 2020- I realise why you’re angry now, but ultimately the company has moved forward hugely since then
All looks good to me. It's hard to get an environmental permit in Nevada due to water rights and water being prioritised for agricultural use, it's a desert after all. The fact that the land owned by Muletown has water boreholes and water rights means getting this permit and being the only mill in the area is a real advantage. That's even without the stockpile of tailings and gold and silver that GWMO have and will process.
Moon - "The stock market is forward-looking, meaning stock prices are based on expectations of companies' future earnings, not just present earnings."
The fundamentals Trump haha You guys are delusional. I’m sorry if the information was so good the share price of the skyrocketed.. And I’m sorry there’s no mining company that works straight away and obviously most companies have engineers on standby at the first phase anyway.. Don’t get me wrong they have a good asset, but we’re far from getting it done and on top of that how long is leaching going to take?
Moon boy give it up.
The initial headcount is a couple of people. The people who provided the machinery are the co-owners, so if any repairs are required I'm sure they will be done quickly and cheaply.
What can the chart tell you other than that we are near all time lows.
And fundamentals trump charts every time
The SP is terrible What do you mean, it wouldn’t be what it is?. Are you having a laugh? It is a total joke.. I’ve been in here since 2020 so don’t tell me the SP is fantastic is terrible.
Well…. yes (moonufo), if the plant was commissioned (the machine tweaked as you call it), and running at full capacity the SP wouldn’t be what it is. The MCAP wouldn’t be minuscule.
The question is will you be able to buy at a price this low in a month or 2 months? Or a year?
I’d suggest the answer is no and that buying at this price and stage is a good risk-reward.
There will be hurdles to overcome but GWMO is closer to production than at any time. And so closer to a fully commissioned plant ‘tweaked’ and running at full capacity.
Have they the funds to get there? Time will tell? Will they shut down over winter … well do they have to if they stockpile?? I am familiar with another gold miner and I’d suggest that £700000 can go a long way to subsidising until they ramp up to full production and get the plant fully commissioned…..
As I say - for me the risk-reward is good
I guess those big late reported trades explain why the sp was muted yesterday. Looks like news is getting out now and a nice rise into close.
Hard to believe it's still less than a £3m market cap
Oh, you boys keep laughing And keep laughing, but we’re not even close. Do you understand how long it’s gonna take us to tweak The machine. Do you also understand that the company is going to need more money?. Sometimes things are done deliberately once winter comes, which is not that far off we’re gonna need more money pretty obvious. Realistically, the share price of skyrocketed. Meaning that the market knows that the picture is not 100%
Quick somebody better tell Moonboy haha
Beautiful.
chisler
Good to finish above 0.040
Strong finish to the day - onwards and upwards !!!
Strong finish and 14% up...
Great Western Mining Corporation PLC is set to commence operations on a new gravity separation plant in Nevada for the production of precious metals after receiving a draft Water Pollution Control Permit, pending a public consultation period. The plant, a collaboration with Muletown Enterprizes, will process pre-mined material and has potential for expansion and a second-phase chemical leaching project. Executive Chairman Brian Hall highlights the plant’s capacity and the significant inferred resources of gold and silver at the company’s Olympic Mine site.
Yes bullish
(SP may be falling but the trend should reverse as there is some buying pressure behind it and so bullish divergence… in theory)
I take it you mean bullish divergence? And not bearish.
I was looking last week and based on RSI (flat) vs SP (falling)…. it looked like divergence. Which means buying pressure and a trend reversal could happen
It is a weak signal - you’d rather see SP falling and RSI rising, but all the same GWMO does show divergence.
Guys,i have seen many times before that when the mm,s think a company is in a transformational phase there are many games played with the trades data.When they are ready and loaded it will go large IMO
Thanks Edgar …I’ll keep an eye on the trades (not that it anything really)
I think there might be a big seller in the background?
Those 200m trades from a few days ago. Etc.
Not that I care. 29 days to go. Tick tock.
Just done exactly the same, was offered exactly the same sell price, i think you are right
MM'S at their best!
But curious about the price of the trades.
Tried a dummy sell and offered 0.0358.
So the ‘sells’ at 0.038p I suggest are buys. In other words I don’t think many are selling today.
That’s the thing…. Coming off a historic low. How many 10% flippers can there be?
:-D
Shouldn’t take long to move them on