The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
@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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@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
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@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 ????
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@Travelcard I think the exclusion of general public was to get this raise executed quickly so that they could backback these shares and stabilise the SP ... not brilliant but at least it has now been closed and PIs can still buy at around raise price
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No one likes an equity funded capital raise except with the current large buyer selling in large volumes and suppressing the price the current capital raise and buyback of shares from this large shareholder makes perfect sense
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@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.
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@lowpay That's my working assumption as well, but I was expecting a fundraise AFTER licence was approved and not before
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Okay outline details of use of proceeds details as per RNS ....
Great Western plans to use the net proceeds of the Subscription for the following purposes:
路 Further work on the West Huntoon copper porphyry identified in 2023, including geophysics to identify best drill targets including under areas of surface cover.
路 Follow-on exploration for precious metals at
>> (1) West Huntoon, where bonanza grade silver results have recently been announced
>> (2) the undrilled Rhyolite Dome prospect on the Olympic Gold Project and
>> (3) the M5 prospect where sampling last year indicated a large surface gold anomaly.
路 Working capital for commissioning a 50%-owned processing mill, where construction is complete and start-up subject to final environmental consent. The mill will produce gold and silver concentrates from waste material available from the Company's historic mines in the area, initially through gravity separation and through chemical leaching in a second phase.
路 Completing the purchase of the Olympic Gold Project.
路 General corporate purposes.
RNS out 拢700k fundraise at 0.0435 over yesterday 0.0625 closing price or a 0.019 or a 30% discount. I would have liked to see a reasoned plan of what the funds are to be used for rather than a very large fundraise and nothing very specific.
Such large discounts sadly are fairly typical for junior resource stocks, but none-the-less very disappointing for us PIs invested here; the only saving grace is no warrants issued as part of the subscription.
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Persistent b*ggers aren't they?
Someone is soaking these cheap shares up and will likely do very well out of this
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Anyone have a view on whether the Swedish entity is out yet?
You can't make this stuff up and yet here we are! Just wish I had some additional funds to bring my average down
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Nice to see some activity on this BB and given the positive backdrop of POG @$2,150 this will be a massive accelerator for GCAT as it will put a very firm floor under the price.
If this is really a POG rerate (as many suspect) to $2,500+ then profits/ounce will multiple quickly as production leverage to the price will lift all producers with marginal producers getting the larger% rises
Fingers crossed
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So GCAT are still alive and well having raised 拢140k at 0.3p or a 9% premium to SP with warrants at ).42p or a 53% premium
Would be good to get an update on progress with
> Audit & Account
> Prospectus
> Relisting
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@Chisler Good point, BUT the REALLY important point is what their marginal cost to produce each ounce of gold/silver via JV process plant was before versus now. For example if each ounce produced made $400 profit then a $200 improvement in sales price of each ounce sold is actually a 50% increase in profitability ... so marginal producer with high costs benefit most on a % basis
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Good news that Low6 is trading profitably whilst continue to grow, adapt and build its customer base
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@TakeNoRisk I don't subscribe to false choices.
I try my best to avoid personal comments, unfortunately @Peggy got the better of me which I am sure was the point of their post in the first place
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