Member Info for aprogerson

Cash & cashflow is king for a Junior Explorer with bills to pay and BOD / shareholder aspirations to meet. GWMO has no revenue so raises cash via share Placing with its broker Novum and usually issues warrants with a variety of strike prices promising in-effect future cash if the remains above the warrant strike price. The placing and warrants strike price paints a good picture of Broker Novum sentiment vs. GWMO BOD credibility so raising cash at or around current SP is good.

Placings raised £XXX since Nov-19 (current SP uses prior day close figure)
16-Jul-20 Raised £450k at 0.1p vs. current SP of XXX
27-May-20 Raised £217.5k at 0.1p vs. current SP of XXX
16-Jul-20 Raised £450k at 0.1p vs. current SP of XXX
16-Jul-20 Raised £450k at 0.1p vs. current SP of XXX

The BOD know we have prospective land, but the key here will be finding decent defined targets and drilling the hell out of them so we can prove them up. Old tailings are a good place to start if the residual grades are good enough and have the benefit of requiring considerably less capital investment before you can start processing (heap leach?) and start producing.

A junior explorer with a decent revenue stream to fund further drilling and/or exploration is a very sound strategy as it avoids big placing and shareholder dilution which is the bane of most PM shares I have been invested in unless their is a decent major you can form a JV with on reasonable terms. Early days here though and hopefully I get to eat my words!

Yes @godWilling a bit of consolidation is healthy to let out those who have hit their targets and bring in new investors for the next leg up ... well like me as I bought in over the last 2-3 days as I liked what I saw

Once warrants declared and cleared £927k is a lot of cash for a £5m MCap company and gives them a lot of firepower to move their projects on which in turn should be good news for us.

Okay thanks Tom got it. RNS of 31-Jul-20 placing raised £450k for GWMO via Novum for placing shares at 0.1p so worth £900k at todays SP ... nice business if you can get it! Plus they have a further 225m placing warrants @0.2p plus 27m broker warrants @0.1p so these are now 'in the money' and if Novum choose to exercise them all that would be a further £450k for placing warrants and £27k for the broker warrants (max. sum of £477k) to GWMO within the next 2 years assuming out SP stays above 0.2p.
IMHO as we are now at 0.2p we will stay here or there about until the overhang clears but helps form a solid support for the share once we get past 0.2p and the warrants clearing. Once all warrants are cleared that will be £927k to GWMO overall from the placing and decent support at 0.2p ... what is not to like?

I'm showing my ignorance here but warrants create new shares at warrant strike price and there is usually an RNS confirming that warrants have been exercised stating strike price, number of new shares and total shares now in circulation.
. Unless these are sales of shares already in circulation as a result of exercising warranty at a lower price some time ago ... is there an RNS that refers?

Those earlier shares 2x 15m and 1x 30m could easily have been someone selling 30m shares from a share trading platform and then buying them up into a SIPP or similar vehicle, which maybe why the prices are so close. Also I suspect the last 2x 15m trades are buys but when posted at day end show as sells in relation to closing price spread. If that is the case it would make sense as price has risen during day and not dropped.
All IMHO

Clearing warrants is good news as gives the BOD a cash injection without changing fully diluted share number ... any idea how many went through and at what price paid for the warrant shares?

GWMO is a very early door explorer but as they always say the best place to find a new Gold mine is next door to an existing one! Just bought in this morning after a very modest GGP top-slice as at £4m MCap it would be rude not to.

So is it another GGP and an implied 200x MCap growth from here to match them? Who knows, but I will now tuck my new GWMO shares away and see what happens.

I always said I would top slice once I hit 22p so I just took a modest 5% of my holding off the table to reinvest elsewhere ... who knows I may find another 10-bagger to put an even bigger smile on my face?

Agreed Falcon, NCM will just want this done and the mine built ASAP or preferably sooner. I would expect a road to go in first as they will need one regardless ... any decision on a conveyor would follow as it would take time to build and could just follow later (or not)

Been here since Ortac and Sturec days so interesting to see MetalTech's announcement on Sturec recently so fingers crossed they hit 1.5Moz so we get a lump of cash from them.
Personally I have struggled to engage as the news flow has been sporadic, but I absolutely 'get' that a 6-month Exclusivity Agreement with AA for them to complete their DD is a very big deal especially considering that they previously owned the licence so are in a better position than most to know what we are sitting on.
Simply we have up to 4 months to wait which is not very exciting, but given ARCM is a £42m MCap it won't take very much good news to move the SP considerably from here so I for one am happy to wait.

I am also invested in GGP which is exciting enough for anyone!

Agreed @WelshFalcon, GGP has cash in the bank so has no need to sell out to NCM quickly and just why would it sell out before the MRE was available?

By definition 'Fair Value' can only be assessed with the facts and NCM recently announced that the MRE will be available by end Dec-20 which is when I would expect any Fair Value offer by NCM for the remaining contractual 5% under the JV to be made or any other amount for that matter. If GGP accepts the offer for the offer for the 5% at Fair Value it will then have more cash in the bank and a strong future income stream to rely on ... what is not to like especially for an explorer with more prospective licence areas to develop out?

@dan97 we all I can say is please Do Your Own Research (DYOR) using many of the excellent links posted here over the last 3-4 days concerning Havieron JV with NCM and their accelerated drill programme, confirmation of mining licence, NCM confirmation of mining plan and associated timeline plus expected maiden resource estimate (MRE) by end Dec-20. Lots to digest but you will need to weigh that against the GGP current Market Capitalisation (MCAP) of £755m for an Explorer with no revenue and decide how much further it has to go and over what time period.

If you are looking for another 10-Bagger in the next 6 months I suggest you look elsewhere, but another +50% appreciation in the next 6 months is entirely possible given what is currently going on and what news flow is expected over the next 3 months especially given that NCM have already made several public announcements of its intention to build a new underground mine and bring it online over the next 2-3 years.

We know NCM AISC is $827/oz overall and specifically $1,281/oz for Telfer where any Havieron ore will be processed by NCM. We also know that (Wikipedia) Telfer has 4.4 years of gold and 14.4 years of copper resource remaining at Telfer, which is why NCM are as keen as mustard on getting Havieron into production before Telfer runs out of decent ore. News last week that the Havieron Brecia drill results show it is amenable to open cast mining will increase the amount of available ore and when it becomes available plus drive down NCM high AISC massively increasing their profitability of their existing operation and the new ore feed from Havieron. As Havieron is a JV that is very good news for both NCM and GGP, but is yet to be reflected in the share price of either ,but will be as more information comes out of NCM so expect them to modify and/or accelerate their mine plans to reflect this.

As always DYOR and be aware that no share moves up in a straight line forever, especially given that GGP has done just that over the last 5-6 months. This is AIM after all so only risk what you can afford to lose, try not to get spooked into selling on a pullback (that's how MMs pickup cheap shares after all) and set clear exit price to top-slice and take profit just in case the worst happens however unlikely that may seem just now. All IMHO of course!

@TonyFawcett probably yes to both but no idea in which order!

Could not agree with you more SW16. Selling some of your shares that you bought at an earlier price is a fallacy. Simply you add up the number of shares shares you have and divide that by the sum of the various prices you paid for them to get the current average.

If you have sold some you will need to take that into consideration, but every time you do this simple calculation it can ever only be a 'point in time' average. Ergo if over time you are buying more shares as the price rises you will be 'averaging up' and visa versa as the share price drops you will be 'averaging down' as many try to do by buying the dips.

The whole point of buying the shares in the first place is that you believe that you will make a profit at whatever point of time in the future you decide to sell some or all of your shares.

GGP has been rising fast over the last 4-6 months with many LTHs making 5x their money and some much more as it followed a steep, but well defined price channel. GGP has now broken to the upside over the last 2 trading days given what we all know is coming .... doubtless it will retest at around 19.5p giving others a good entry point if we have no more news. What was upper SP résistance should then become support going forward as everyone holds onto their shares.

I'm hoping we now have a couple of weeks of modest SP rises and some share consolidation around 23-25p as a whole gamut of LTHs top slice to take profit or sell up and move on as they have hit their SP targets. This should give us a strong SP base underpinned by GDXJ buys and other bigger players who can now buy in as the MCap rises above their minimum investment criterion spurred on knowing that GDXJ have led the way.

Should be a fun few months up to NCM Q4 year end and a decent MRE.

I guess we will soon find out. Not sure I'm going to get much work done next week with me sat on my hands.

So put simply, we own 30% of a 12-block licence with a shed load of decent grade gold ore being drilled up by a gold major with lots of drill rigs running 24/7 trying to work out just how big it actually is. We also know that they are as keen as mustard to start mining underground and they also reckon via an open pit to feed their big ore processing plant nearby and plan to start within the next 2 years.
Once they've worked out just what is there they can buy another 5% at fair market value which will help us pay our share of whatever mine costs are ours assuming we can be bothered to hold onto our %share.
Just to spice it up some new fangled ETF for Junior Gold Miners just added us to their index and needs to buy a lot of our shares within the next 5 working days regardless of the share price?
Pinch me I think I am dreaming.

You might also want to add ARCM to your DYOR list with a possible Tier 1 Copper asset in Zambia currently in exclusive 6m period whilst Anglo complete their Due Diligence on results to date.