Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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Hi Degsy, Indeed, I like these small market cap ones for mining punts. I don't have enough experience or knowledge of mining for it to be more of a punt. However, pick the right ones, and it can become way more than punt money. Hoping for that ;)
Compare 30m v 7m caps. That’s Alba v GWMO and who is more advanced. £10k here today upon parity with Alba will be worth £45k in as shorter time as Alba actually got there. Eg for argument sake, achievable this week
Thank you @Aprogerson. Pretty much what I had found. Was just wondering how much dilution from the 3p days as that was just on the copper they still have. I'll have a quick look now. JV defo the best way for that. I have been to the website and read it all. Looks very interesting even after todays rise. My target for next year was 1p if they manage to produce this year. Had the same thoughts re old tech and a good area. I think of Nevada (and Oz) when people say "gold"
GLA looks like many are noticing the small market cap.
BoD changed direction back in Nov-19 with full recapitalisation, shelved the Copper play for JV or buyout and moved to focus fully on Gold / silver plays buying into a number of prospective licences in Nevada on the basis that the best place to find a decent mine was where you found stuff before. Sounds crappy until you realise the historic mines were mines with OLD tech so todays tech can undercover stuff they could not find. Even the old spoil heaps have better grades than a lot of todays modern mines and someone has done the digging for you.
Read some of my recent research on recent cash & warrant position since 15-Sept-20 when I first invested here.
GWMO has a fully funded 2020 works programme and up until recent rise around 20-25% of its MCap as cash ... works programme I reckon is 1-2 months behind due to Covid delays but they may have caught up by now
Check their website on all the projects the details are actually very good.
Technical Opinion
100% Buy
strong buy
@Barnetpete or any LTH with the knowledge.
Few questions for you if you wouldn't mind as I'm guessing you've been following a while here.
Was that with a similar share capital back then or has it had a lot of dilution?
I've done some research and seen the cooper play it was planning to be back then. That's one of the reasons I bought here. Bit of a safety net with all the copper. Since then its a new CEO, New direction?
Fairly new to GWMO. Few months at most I think, 009 was my first entry. Have read the recent prospectus and watched a few interviews. Haven't done stacks of research as it was more a punt on a cheap market cap gold miner. Will be digging more as it's getting a bit bigger in my portfolio now!
Cheers
Weather
"Over a penny??? This went to nearly 3 pence in fact."
i'd take that, if i have the stones to hold that long
@Barnet Jun-2017 2.7p in fact but this was when GMWO was all about Cu ... a Jorc compliant Cu asset now awaiting a buyer or a JV. Effectively market has written down the value of that asset to £4m or so as everything since is driven by New strategy from Nov-2019 focused on Gold / silver projects of which we have plenty. http://www.greatwesternmining.com/home
Over a penny??? This went to nearly 3 pence in fact.
Its gonna be an interesting day tmoz numpty
chisler
This can be a multibag from here...
Look at those huge buys absolutely massive 207k just fannnntastic. Just watched bloomberg news... Gold prices next year will oscillate around 1950-2050$ per ounce, unfortunately thx to global recession, but hey what not to like atm.
We even may go back to 1.5p this year and on good results... This will go up very fast like shinkansen ;)
Gl tomorrow
Ps. Whoever bought those huge numbers of shares knows something, I am 100% convince.
I am expecting rise for the rest of the week.
Fingers crossed
M/c. Only 7 million. End of October. Multiple times. As we are going into the production that’s my expectations
It's just a good share to be in. Market cap tiny. Potential massive. Fun times are ahead. Cant wait for tomorrow - I think!
A great day today hopefully more of the same tomorrow.
Extremely good. This was over a penny few years ago the history will repeat once again
7 million mcap mister, so around 10 million for 0.50p...still dirt cheap
San
Those shares are now in 'sticky' hands so will restrict supply and underpin SP going forward
I think youre right numpty....
I can honestly say i have no idea what that news will be....
Theres so many possibilities....
chisler
We could see 0.50 this week.
Or tomorrow and still be cheap.
Chis ?
Must be good news
Trailings / ? / Survey feedback?
Strap in Time ?
GLA