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I’m sorry, but if I continue to listen to you I’ll be bankrupt I don’t care how much you have your reasons
See now everyone’s sent an email to complain and obvious is right in front of your eyes even you mentioned yourself that it’s going to take a bit of time to get it working
@GTMufo I will summarise this for you very succinctly ... Repeatedly saying that a placement is coming is like predicting the sun will rise and set every day ... no one wants to hear it and no one has any respect for your views for saying the obvious. You then crow about how right you are and effectively rub other investors nose in it just when they are nursing more losses ... you are then surprised you get a very negative reaction from other posters.
Junior Explorer whose ONLY means of raising capital is via a placement ... predicting that this will happen sometime in the future does NOT make you special or give you the right to presume that everything you then say is also correct.
ATB APR
Oh, my investment also goes down. But I listening to someone saying it’s going to 5p wake up
The abuse was getting too much but I’m sorry now all of your sending emails because you are so angry.. funny isn’t it the guy that’s been saying it all along by the way, we’ve not even started.. the chart show it all.. Freemason talk abt it
... and there you go again
@GTMufo Have you considered that your relentless negativity is directly proportional to the abuse that you receive on this BB?
Do you think that constantly harping on about a Placing in a Junior explorer and then crowing about it when it happens endures yourself to other posters on this BB just as they are taking losses on their investment?
Something for you to reflect on I think as you bemoan the "surprise" reaction that you also keep moaning about
ATB APR
Please stop acting irrational because you’ve been absolutely wrong about everything. The placing and we’re gonna need even more money and we haven’t even started.
@greengrass Agreed on all points ... the timing and %discount is appalling. As a LT holder myself I have every sympathy and his actions are at complete odds with his words
ATB APR
@GTMufo The final tranche of payments means GWMO now owns the licence outright INCLUDING any spoil heaps that it can then reprocess.
Not sure what the reference to Freemasons means ????
ATB APR
Completing the purchase of the Olympic Gold Project. What is the point of completing the purchase if we’re not even mining and the amount of problems we’re going to have at the beginning we need to save as much money as possible. Inflation is a lot higher than they are showing… they increased in wages to try to keep up with the cost. Don’t get me wrong, gold go every high. But this bucket need to get his act together. I followed the chart and I know a few freemasons talk about it.
I’m really sorry but listening to the discord group listening, listening to the Telegram group . I would be bankrupt by now. I’ve told you all along it is so obvious. 4 month no license on top of that they continuing doing mining. They’re gonna need more money again this year.. I’m sorry but I’m speaking my mind now This company is either to get their friends in really cheap or make it go bankrupt so the other company buys it out for nothing… I don’t know, but the performance sucks
The amount of abuse I’m getting today is getting even worse. So what happened? Everyone calling me crazy to everyone think that I’m an idiot. We’ve done the place before we’ve even started.. and don’t forget the problems that are going to happen when they are going to
Good luck , Brian send me a cr ppy email back last year upon my suggestions ! The old Brian who I thought was fit for the job had gone . Right now I think he's desperate and not giving out the full truth on the situation!
I have e-mailed the company to register my disgust, i do not expect the decency of a reply.
While i have no problem with the company raising funds i have massive problem with cash been raised at this ridiculously low level.This just shows a total disregard for and lack of respect for long term holders, most of whom are sitting on significant book losses.
No matter what level a raise is at the market adjusts to that price, so why not raise at a slight discount to the mid price,rather than these shocking levels, this would show confidence in the company and probably encourage a number of others to buy in the market and push the price up ,ensuring everyone is happy. Instead the raise is done through second rate rate brokers at 'mates rates', thus sending a very negative message to the market and angering long term holders. It seems very shortsighted and amateurish.
Strange also that the subscription/placing wasn't carried out by the useless SP Angel, have you seen through them and inadvertently gone to someone just as bad?
I have built up a holding of 100 million shares basically on belief in Brian Hall, i feel he has betrayed this belief.
The kindest thing i can say is that i am very disappointed.
Regards from a very angry Greengrass
Mad to be buying at 0.045p, this will drop further in the coming days
When will they ever create any income
Selling at lower and lower prices. Going bankrupt soon enough. What products does it sell? Was well above 1p at one stage. Look at the volume. 105 trades. No point selling for most here…just a tax loss in time. When the money to pay the directors has gone and they cannot raise a bean more….
Plundereurasia it may drop under the placing price but there is certainly no need for it to do so.
There should be a strong news flow over the next few months, hopefully starting with the well overdue permit.
Nobody who has bought in at the placing price is going to sell without a decent profit, if they sell at all, and most pi's are long term holders I think, whether by choice or necessity
17th Jan last year we had a fundraise at 0.08p, so todays was nearly half of that.
To me the interesting thing is today is very nearly all buys, so are people thinking this is a good price to get in at. Also on AIM when companies fundraise there is often an increase in price and volume as their mates/broker forward sell their new shares. We haven`t seen this, this time around. My suspicious mind is telling me the permit is due soon and they know it, allowing them to sell into a rapidly increasing SP. 1.6bn is a lot of shares to get through.
Due to extra shares in circulation new target on permit news is 0.2p
atb
I was expecting 0.25p raise at end January, so it’s a credit to the pumping that they got it away in the 0.4s and managed to hold off until six weeks later. Well done GWMO holders.
If you get 30% dilution and the share price only slips 20%, this ironically means its actually 10% more expensive. This needs to drop under placing guys.
@loadsamoney Fair point at least this way GWMO is now funded for copper exploration ahead of start of exploration season start which is now 2 to 3 weeks away so I would hope we get JORC infill drilling and/or exploration holes AND results done THIS season.
I noticed additional funding also includes JV site commissioning which (my assumption) would be production ramp-up and testing where plant would be tuned whilst throughput is ramped up.
ATB APR
When is the permit decision due?
Last placing 0.055p this one 0.0435p so in grand scheme of things could of been a lot worse though still disappointing not to get permit first.
We now are able to get on with drill programme especially huntoon copper play and wont have the raise hanging over us after permit lands ndep gerrrrr, so could give us a good run from this base on permit news and future drilling results to come.
@lowpay That's my working assumption as well, but I was expecting a fundraise AFTER licence was approved and not before
ATB APR
I take it this also means no JV Partner for copper exploration until further analysis done.
In a way could work out slightly better for us. The more we prove up the better the terms we can negotiate.
Will the Permit turn up soon giving their mates a big bonus on their subscription!!