Member Info for aprogerson

@Chisler A 20-bag from:
> when this kicked off on 9-Sept-20 @0.123p implies a target SP of 2.46p or £60m
> my average of 0.2p gives 4p target or £96.8m
No idea what riseagain's average is maybe he has already 20-bagged ?

@Thirsty Good question but at 0.321p is hard to say as mid range through todays trading
19-Oct-20 16:35:51 0.321 16,000,000 Buy* 0.29 0.30 51.36k O

All those EVs whatever the battery tech will need lots of copper as will all the new solar panels and wind farms being talked about.
Decent quality sizeable resources will be fought over as majors look to replenish resources & secure their 'product' pipelines.

Copper now re-testing prior high of US$6,878 from 21-Sept-20 as at US$6,888 @17:00 today

@riseagain You must be an astoundingly wealthy guy with 20/20 hindsight
APR

Looks like GWMO price has a memory and just executed another Fib 50% retracement to 0.3p from this mornings high of 0.39p from recent higher low @0.215p from 13-Oct-20.
Day traders making their money
AIMHO APR

As you probably gather I follow the charts (for better or worse) and added 2.5m @0.23p in anticipation of the bounce as per my Price Action commentary.
... and roll the dice
APR

Yes and out come the derampers saying I told you so.

All my Copper/Gold/Silver mining stocks getting caned today.
Weird as copper just about to test all-time high and gold ready to break out of bull flag pennant from 6-Aug-20 high.

IF both Gold & Copper do what I think they are about to do we'll be off again and then Silver will probably explode higher to $30+ as it tends to do when feeling left out!
AIMHO APR

@jeremiah Agreed Shark tooth target seems like a missed opportunity with higher tonnage and twice the Cu grades of M2.
I need to go back and do some research methinks as I understood that GWMO spent 3-5 years developing out those resources.
APR

@franco I've seen it all now LOL at 1h12m BEFORE market opens and after ASX is closed ... how does that work?
20-Oct-20 06:48:48 2.68 550,565 Buy* 2.50 2.80 14.76k O

Interesting going into auction

We have a persistent mystery buyer, Copper is moving to retest recent high of US$6,878 from 21-Sept-20 AND we are half-way through a 6-month Exclusivity agreement for DD on our assets with AAL whilst drilling continues.

It's all good and besides what is not to like?
APR

Just putting it out there ... anyone else aware of any local Copper miner/producers with processing plant that GWMO may consider for JV and or tolling of contract mined ore from M2?
I think I need to have a 'dig' around at past RNSs and see if anything relevant
APR

@jeremiah Good question & todays RNS refers .... in notes at bottom of RNS in GWMO Background
"Furthermore, through extensive drilling over a five-year period, GWM has established a Mineral Resource on its first target area known as M2, of 4.3 million tonnes 0.45% copper, for 19,000 tonnes of contained copper metal. This resource has been independently reported in accordance with JORC guidelines."

GWMO pivoted to Gold/silver in Nov-2019 and M2 Copper asset listed as awaiting sale or JV in past RNS updates. Worth noting as it is JORC compliant it can be counted in GWMO NAV asset base on the books.

M2 would need a DFS to demonstrate it is economic hence call for a JV partner and possible Earn-In. Back drop for me was Copper was US$5,800 back in Nov-2019 and heading lower hitting US$4,300 in Mar-2020, but now US$6,800 today and heading higher. 19kt Copper contained metal is £99.5m so should be worth something and there are other Copper targets on the same tenement yet to be worked up.

AIMHO APR

@max Nicely played ... I don't think you'll have too long to wait for your 0.45p as the step-wise rise & consolidation we have seen is very healthy indeed.
APR

@sterraman If these were drill grades I would 100% agree but they are soil samples from trenching to help identify drill targets so results need to be taken in context. In my book these results are very welcome especially as they are initial results from an area has never been mined before.
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LOL and retest underway as I wrote my note
APR

Daily chart: GWMO 0.355p price is now sat on recent 0.355p high from 29-Sept-20 now support as stated yesterday plus MACD has now turning positive which is supportive of further moves up.

Weekly Chart: Lovely bull flag top at 0.28p and first leg up from that has already been printed

Next target:
Expect SP to drop to fill todays gap and retest 0.33p before continuing up past 0.355p now support.
Expect uptrend channel top at 0.41p to be tested in next 5-10 days which is coincident with Fib 50% price extension from recent pullback @0.22p to recent high @0.315p also suggests 0.42p near term price target is achievable.

British Bulls @BUY and Stay Long from 14-Oct-20 .... https://www.britishbulls.com/SignalPage.aspx?lang=en&Ticker=GWMO.L
AIMHO & GLA
APR

@Roofer Nice one & well done!
APR