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Agreed. The fact that AW is now saying he is more positive than ever about the company due to new management, strategy, PR and progress to date is certainly something to take notice of. It seems to be the sort of sentiment that is being echoed by other investor's with Great Western which hasn't been the case for quite some time now.
MM's seem to be needing shares at the minute. Can currently sell 4M at 0.1185 and 6M at 0.115
Yes true. I don’t pay attention to most investors to be honest but the fact he’s been positive recently gives me confidence. He must speak to the company being a larger private investor.
I can’t believe people haven’t cottoned onto the fact that GWMO will be producing gold this year and they are capped at under £2m with no debt and enough cash. It’s bonkers but provides the early birds an unbelievable opportunity.
Similar story at CGNR who are capped at under £3m yet targeting 8m oz gold resource
Nai/DYOR
*think
I like Andrew, but I wouldn't really pay too much attention to what he says. He has a huge investment in here and is biased.
He was predicting a 2/3p plus SP in 2018 and then went silent when we dropped from 1.5 to 0.1
I do thin we should see a steady rise over the next couple of months
If resistance at 0.17p can be broken then I expect a sharp move above 0.3p.
GWMO has traded at 0.585p this year so when they are so close to actually producing gold, I don’t see why it can’t trade above that again.
Nai/DYOR
Andrew Webley (7% shareholder in GWMO) Twitter -
“#GWMO - it does seem like there is no overhang in the stock now - so if what I expect happens over the coming weeks we should have a very good run - should be trading significantly higher then the current price when you compare it to other junior gold companies.”
Nai/DYOR
Great post mcadder!
I think we will be trading at 0.5p at some point in 2020.
Nai/DYOR
I'm feeling there is going to be a pig push up soon! If so, could see some warrants exercised at higher levels which all adds to the cash flow which is excellent already. Great summary from mcadder below.
Very interested to see what tomorrow brings, leading to AGM tuesday. Should be a very positive week on all fronts
Understandably Great Western is now starting to gain the attention of investor's as a real contender for actual gold production and soon (Q4 2020).
Let's examine the key points:
Company has -
Zero debt
No death spiral financing
Fully cashed up for 2020 operations
Skin in the game with 10% management holding
Focus on Gold as well as Copper
New management team with clear focus
Improved PR
Low cash burn as well as 30% deferred salaries
Potential for 200T Copper resource if proved up
New Olympic Gold project acquisition
100% ownership of licence areas with a wealth of data below ground over the years from sampling, drilling and aerial data.
In one of the safest, best and pro mining addresses in the world. Look at the price of gold right now - around $1,800 an ounce.
Suddenly there is a lot going for this company as a potential candidate as a gold producer. I remember looking in on Greatland Gold 3yrs ago when it was trading at 0.50p and nearly pressed the buy button. Wish I had - now look at it!
Prior to that it had been as low as 0.10p just like GWMO. There are certain similarities with where GGP was back then to where GWMO is now.
All it takes is that breakthrough like GGP did with Newcrest and who knows where this might end up! There have been many false starts with Great Western and just as many disappointments along the way but I do absolutely think this is a good time to be getting in here especially knowing the potential short term newsflow that's coming.
Personally if this is not 0.15p by Fri I will be amazed!
Cheers. I was in well under a penny, but being new to it all, had it in a standard fund. Didn't think it would go high enough for me to then have to consider CGT, so moved it to an isa, however it then ment I was in at a higher price... saw it fall from highs, should have jumped out, waited then gone back in at a much lower price but newbie errors, and with that old Jorc being removed ( far far higher copper RNS, it dropped further) but u live and learn. Its only a loss if I take it out. Wish I could buy alot more to average down but can't.
Still believe in the company and also whats to be found at M2 ( far more than whats currently RNS'd ) so happy at the moment its gaining traction, frustrating is slower than I'd like but I've learned to be patient. So all good here. Just needs time, and bit more PR, but it fine. Happy to hold
Adly - well respect to you for holding on - a lot of people would be bitter now and made real rather than paper losses.
Thanks for your insights as well
GL
as a long time holder here, from the days when it was over a penny. I'm happy with everything that's now happening, hopefully il be able to break even or better yet make profit. I was here when we were focused on the copper. But this gold play seems to be a good way to go. If done in a timely manner with gold being high and maybe higher any profits will or should certainly help reduce the need for any placings in the far off future ( as they currently in a good cash position at the moment) and maybe the revenue will help to accelerate proving up the copper ( which we know there is a lot there, just needs to be proved up) at this moment in time I would certainly buy GWM if I was a new buyer, ( shame I can't put in same amount as I brought in past as would be so much better off) this will be very good in the future if u got the patience to hold and wait.