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It’s great news gold is flying , this share along with another I have are quite stagnant if they do not produce this is going no where , they can keep issuing snippets of positive news but they need to get fingers out and start with the bull run, my guess by end of next week is high 30s low 40s if they get a good positive RNS out ! Depending on a JV if news is good this may well prove me wrong and be the start of the likes of GGP
atuvas - talking of drivel you posted this the other week didn't you....
"https://twitter.com/MiningWestern/status/1290801128326811648"
It was clear this was a fake account yet you shared it and wondered why you got blocked from the company....
"utterly pathetic, i shared it in innocence, the company have now blocked me."
From where I'm looking there is only one person on this bb who is causing arguments because they are constantly ramping then deramping and vice versa and not only do they look silly but they understandably get pulled up about it. This person knows who they are.
Other than that the bb is generally full of decent long term holders and newbies who just want to see the company succeed. Unfortunately exploring for precious metals is labour intensive and very expensive. The company have spent a lot of money to get to this stage and ultimately further down the line the funds used to prove up the copper will pay off. But in the mean time the company quite rightly are concentrating on potential short term revenue generation to deliver value for shareholders and make Great Western an attractive proposition for a JV.
I am a shareholder here.
Also, to suggest that a debate is "drivel" because it doesn't match your personal agenda is tiringly dull!
Of course, there's a well trodden path for junior explorers, nobody is trying to suggest otherwise. But to suggest that the BOD won't reach its objectives without presenting a well reasoned and coherent argument, just talk of suspicions is deramping. Should the BOD prove up the plan to leach the spoil heaps for gold then GWMO have a clear path to low Capex early revenue, this could change the outlook somewhat.
Exactly that
"Suspicious that activity is the same as the last few years. "
So when you talk of suspicions that the new BOD will fail to deliver, that's entirely based upon your opinion of the previous management of GWMO and nothing to do with the current BOD?
No. They havent been given a long enough oppurtunity yet. I have tried to contact them via wallbrook. No response. Nobody can say the new BOD are a success or failure just yet. It's not such a black and white question to answer
With all respect Tom that wasn't what I asked, putting the straw man reply to one side, do you think the current BOD has failed to deliver?
I don't get you Tom. One minute you say more cash needed by xmas and that it will be suspicious if the SP doesn't go up soon and then in another post you're saying big movement expected in the SP in next 2 weeks?
As for the current bod (not the previous one I hasten to add) I think they have done a great job. I think in a couple of years this could be a £50M - £100M mcap company.
Any sensible investor will be looking at the possibilities of all outcomes here. To think gold is being rushed out the ground and sp jump to 1p in the next 6 months , I dont think will happen.
Tom, if you have an issue with the BOD then you should take it up with then, or look to invest elsewhere, do you feel the current BOD have failed to deliver?
Mcadder I'm still invested here. Just see how things go
Suspicious that activity is the same as the last few years. Alot of money invested and nothing produced. What's everybody's predictions on timescales? Think we will see big movement within the next 2 weeks
Suspicions of what? There's plenty of shares knocking around from .08/.1p, they're being churned through by those who for whatever reason wish to spend it invest elsewhere, nothing suspicious about that. From a fundamentals perspective, if you have a junior mining company declaring a meaningful find at this Mcap then the market will move the SP to a price conducive to GWMO's potential.
By Christmas time they will be generating actual revenue so this will cover some of the costs. Even without that Tom they shouldn't need to raise until well into Q1 2021 if at all if gold production goes to plan.
The only reason the share price would drop now is if they don't deliver on the ground. Simple.
I believe from what I've seen so far that they will. In spades (excuse the pun).
Maybe time for you to buy your 20M back that you sold Tom at 0.09-0.10 if you haven't done already!
They found gold on a surface sample. It's a clear indication there is gold in the ground. There will be an update this week and a new programme for the rest of the year. The sp here should take off. If it doesnt, it raises suspicions and I think it will go down. I dont think it will hover around the current mark. Back down to 0.1p imo, christmas will soon here, more cash needed.
Berkshire Switches Bets on Banks, Adds Wager on Barrick Gold
https://www.bloomberg.com/amp/news/articles/2020-08-14/berkshire-adds-barrick-gold-exits-delta-air-lines-13f?in_source=amp_trending_now_1