Utilico Insights - Jacqueline Broers assesses why Vietnam could be the darling of Asia for investors. Watch the full video here.
Placatory RNS and bottom line:
> talking to everyone involved at Kor & hope to resolve soonest, but nothing mentioned about what was discussed, by whom or anything declared as resolved/agreed
> currently Kor using up ore stockpiles as processing plant unaffected, but nothing about how long stockpiles will last at current run rate
> Commercial production at Kor delayed ... no surprise there then
Nothing about Yan so assuming still on target for 90k gold/annum
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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
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@GTMufo Read the RNS .. they are NOT drilling
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@Bebeto I just hope GCAT pull their collective finger out and get this resolved. Having gold at ATH and this share suspended is just bonkers
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@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"
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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
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@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
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Well this should keep the lights on whilst the resolve the massively overdue accounts to end Jun-23 and interims to end Dec-23 plus resolve the Prospectus with the FCA. It is beyond me how someone is willing to invest £780k with the shares suspended or indeed how that is possible as the prospectus is outstanding so (theoretically) shares cannot be issued or traded ... but I am glad they did as heavy dilution is much more preferable than GCAT going bust and Pis losing 100%.
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The Company has raised £780,000 by way of a Subscription ("Subscription"), through the issue of 260,000,000 new Ordinary Shares of £0.001 in the Company ("Subscription Shares") at a price of £0.003 per Subscription Share.
The funds of the subscription will be paid in five equal instalments of £156,000 and the Company will issue 260,000,000 new Ordinary Shares upon completion of the final instalment
The subscribers from the Subscription will be issued with one warrant ("Warrants") for every new Subscription Share subscribed for, with an exercise price of £0.0042 per Warrant. The Warrants will expire in three years from Admission of the Subscription Shares to trading.
The funds will be used for working capital by the Company and its subsidiaries.
Good news that Rogue Baron receives $1m investment from 3rd party in US
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At least we now know who bought 229m of the shares yesterday and waiting on who bought teh other 95k for teh full picture.
Premier Miton Group plc is a United Kingdom-based fund management company. The principal activity of the Company includes investment management and discretionary portfolio management services.
Premier Miton Group PLC, PMI:LSE
Subsidiaries: MITON GROUP LIMITED
CEO: Mike O’Shea (Nov 2019–)
Headquarters: United Kingdom
Founded: 2007
So it was an outside investment
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@Tuan6 thanks for posting Corica RNS regarding suspension of contracted works at KOU mine; several things now need to be made clear by a HUM RNS and this needs to be issued ASAP:
1) HUM's position on alleged $27m debt owed to Corica and whether "real" and if so what it is going to do about it
2) HUM needs to clarify how they got to this position without raising and RNS to explain to the market how such a debt grew so big and separately how any DD under recent debt raise did not highlight this issue
3) Any RNS needs to be issued ASAP or they need a market suspension due to a disorderly market in its shares
4) If Corica's position is upheld DB needs to step down as he cannot continue to dodge accountability
5) Not clear how Corica can leave this 18m+ without raising an issue to its own shareholders given size of alleged debt with HUM as this is a material to its SP
You just can't make this stuff up ... maybe I've just got used to it with HUM over the years, but this is getting inexcusable!
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Interesting 2x large trades as 14:30 totally circa £188k ... marked as sells but SP goes up 10% so most likely buys ...
19-Mar-24 14:32:38 0.046 206,878,220 Sell* 0.045 0.055 95.16k O
19-Mar-24 14:32:14 0.045 206,878,552 Sell* 0.045 0.055 93.10k O
you don't see that everyday on GWMO
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@GTMufo LOL ... winter is just ending mid/end March and not starting. What do you know about NDEP and legal action exactly let alone its processes, costs or affordability?
Not sure what gives you the right to insult everyone else on this BB as "losers" let alone claiming you are always right.
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@Publican Yes agreed, classic negotiating strategy to walk offsite when you want to amend your contract especially when you are operating 80% of the mining crews. I guess the DB "lesson learnt" here will be get 2 similarly sized crews in future and/or hire the equipment yourself and if the labour walks off bring your own in more quickly.
Drop still looks overdone given deadline to restart work is tomorrow
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@GTMufo I find it a real pleasure to see your continually upbeat comments on this BB and feel so much better informed and safer having read your insightful advice.
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@RainWhenI Die Botswana results are interesting in that poor mineralisation WAS found between 2 adjacent areas that are being actively drilled by neighbouring companies ... this says (to me at least) not that that there is not any decent mineralisation but that we were not drilling in the right place
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@HarChris Interesting day for me ... I find myself agreeing with your 08:35 post
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@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.
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... 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
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