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@eafster GWMO are an EXPLORER so they prospect on their licences for valuable minerals and target the most prospective spots informed by geoPhysics, soil surveys, airborne surveys and good old "boots on teh ground" plus drilling once they have done everything else. If they are lucky they find something and if they are super-lucky what they find is commercial.
Explorers by definition do exploring so (usually) have no revenue so have to issue new shares to raise capital to continue in operation which is what GWMO have been doing since 2016. GWMO PIs have been diluted after each capital raise so GWMO have invested in a processing JV to generate some revenue off of their historic spoil heaps going forward which (should) reduce the need for capital raises.
Junior explorers are very high risk and GWMO is no different in that respect
ATB APR
@GTMufo Read the RNS .. they are NOT drilling
ATB APR
And look at that still no permit They continue doing drilling costing more money and we’re not even producing anything
Quite agree another load of drivel , where's the permits ? Seeming more and more of a non starter please prove me wrong !
To me it appears they drill a lot of holes, do a lot of analysis, prep the market before their annual results and then ask for more money - without offering any substance whatsoever. The permits they use every year as 'the delay'...
Maybe I'm wrong and I am happy to be proved otherwise...
That's all I've gleaned from their RNS' since 2016.
This RNS is a slight move forward, but the market (and shareholders) seems very nonplussed.
Besides the elusive permit I`d like to see GWMO prove up a gold/silver mine this year, ready for mining and processing next year. OMCO seems the obvious one. The tailings and other waste stuff won`t last forever, and processing other companies product will help with costs but won`t set the world alight.
As ever atb
@wiltshireman Agreed GWMO BB has been that way for a long time and I hope it goes back to being a sensible discussion forum rather than a single posters view squashing any "dissent"
ATB APR
Either grow up or leave the playground. I am fed up with reading about what you children think of each other. These bulletin boards should be for intelligent discussion not trolls
Interesting RNS today about Rhyolite Dome at the Olympic prospect as an as yet untested drill target with historic soil sampling completed and 3 samples of at least 0.2g/t equivalent anomalous gold and 1.7g/t silver (RNS stated 207 ppb gold and 1,780 ppb silver).
Looking forward to drill programme being announced
ATB APR
@Chisler He uses "we" as he has at least 2 accounts that way he can agree with himself and recommend his own posts when he is preaching about how wise he is
ATB APR
Why do you use the pronoun "we"in youre posts , giving the wrong impression that there is a collctive group of like minded people.You are all alone in youre views here ,no one likes you, no one agrees with you , you have no friends so just go and leave us in peace. You are not wanted here in any way shape or form.
chisler
Well , youre last post just sums you up perfectly, you realy are a nasty piece of work and have insulted everyone here whom has invested in Great Western.
chisler
Oh, I’m happy either way doesn’t bother me some project work and some don’t
One that you obviously joined, coz u didn't do your research, so cry about it elsewhere.
Fake.
chisler
Hey, it’s April do we have the license yet? No I thought everyone said that we’re gonna have the license and be mining we’ve done the placing before we’ve even started.. as someone said a life style company
Still no answer.....because you are a Fake.
chisler
Answer the question Fake Boy.
chisler
Just looking at the losers on here thinking it’s going to 10 p we are so far delayed What an absolute joke
Will it be Permit news week this week?
atb
This one just keeps sucking in money from investors. Several years later and the tailings are still there and no gold processing.
These lifestyle type companies are just a waste of time. Overpaid BOD and no real returns for investors.
I sold out at a loss a few weeks ago. It was only a small holding for me.
I doubt this outfit will be profitable even if they do start producing gold. That'll surely present another opportunity for another placing at that stage as well.
so moonboy agrees with that statement, if the company been **** for last 10years, and he hasn't been in that long, it either means he didnt research company, or did a **** job of it, and now constantly complains about it, as he didn't make money in first 5mins.. he claims to be mystic meg and predicted a placing, but anyone can do that if they say it long enough till one eventually needs to happen, then claim they said it would happen all along... if his that unhappy with the company, or predicted a raise then why didn't he get out sooner to save money instead of complaining about it, or bail out to something that made money... he hasn't coz he is either to thick to, or he knows the company is actually good and will eventually be able to prove up what they got and be a massive winner, in which case he just making himself to be contradictory to what he says, and 2 faced. as you say chisler. a fake
Thank u well said you said it bang on.
10 years these idiots have been fleecing punters on gold riches in Nevada.. lost 97% of value over that time. this is a storyboard company like RRR. they tell the story, raise capital, dilute the bejesus out of holders and move on to the next scheme... they'll be mining for Cryypo next
Thanks, I just took 'issuer' to mean issuer of TR1! Doh!