Member Info for aprogerson

@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

@lowpay That's my working assumption as well, but I was expecting a fundraise AFTER licence was approved and not before

ATB APR

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:

· Further work on the West Huntoon copper porphyry identified in 2023, including geophysics to identify best drill targets including under areas of surface cover.

· 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.

· 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.

· Completing the purchase of the Olympic Gold Project.

· General corporate purposes.

RNS out £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.

ATB APR

Persistent b*ggers aren't they?

Someone is soaking these cheap shares up and will likely do very well out of this

ATB APR

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

ATB APR

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

ATB APR

So GCAT are still alive and well having raised £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

ATB APR

@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

ATB APR

Good news that Low6 is trading profitably whilst continue to grow, adapt and build its customer base

ATB APR

@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

ATB APR

@Seis Agreed, look forward to some proper discussion once the trolls are done spreading doubt and talking this down

ATB APR

@Seis Thanks and yes will be very interesting to see how future Cheyeza grade profile date develops once the drill programme gets underway.

Copied your post text body below

ATB APR

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I think a picture speaks a thousand words, so here's a graph I did ages ago comparing the grades and frequency of the Cheyeza drilling with one of the neighbouring Sentinel deposits. There are four main deposits which make up Sentinel, two low grade (averaging about 0.5% Cu) and two high grade (averaging close to 1%). This compares Cheyeza against one of the high grade deposits:

http://tinyurl.com/yswresfv

The Sentinel data is in dark blue and Cheyeza data in lighter blue/green. Obviously the Cheyeza data is a bit more scattered because it includes all drilling regardless of where it is whereas the Sentinel data is restricted to the actual orebody. Still I think you can clearly see the potential there.

@Seis I had hoped that this BB had turned a corner but until we get some exploration & drilling programme news flow I guess the now well known trolls will continue to sow dissent and doubt

ATB APR

@Peggy Fancy a game of spot the troll ... oh sorry you make it too easy!

What a nasty human being

D.Monies Ditto

@Daniel GCAT was main listed as original GoldPlat was on Main exchange and GCAt was reversed into it when they acquired the assets from GoldPlat

ATB APR

@Chisler If I am correct with my TR1 analysis of SpreadEx and Cantor back-to-back holding of 257m shares in GWMO each at end of Jan-24 then looking at WHEN these were acquired between Capital raising events with each holding 280m shares around 0.08p @17-Jan-23 and 327m shares 0.055p @26-Jul-23.

WHEN GWMO get its JV permit to process licence approved then GWMO SP WILL rerate for a number of reasons:

1) licence to process will allow JV to start operation and generate revenue for both JV via toll process fees and GWMO via gold/silver dore sales after processing fees

2) as SP moves through 0.055p past 0.08p then the SpreadEx CFDs and Short trades will be closed and 500m shares held by SpreadEx/Cantor will be returned to the market ... after 0.08p they will be very likely gone along with any overhang

3) sentiment & confidence in GWMO will improve rapidly and due to very low MCap any upward SP movement is likely to be very strong as the AIM "herd" arrives

Happy to wait for news flow in order of impact:

!) Approval of JV licence to operate & plant commissioning

2) GWMO announces tailings being moved to JV for processing

3) Huntoon valley copper news especially anything that increases current size of JORC at M2

ATB APR

@BidInvestor 100% agree as per my explanation just posted!

ATB APR

@GTMufo If you read the TR1 RNS s you will see that throughout last year both Spreadex and Cantor have been buying AND selling shares in lock-step.

Summary Capital Raises & TR1 notifications for SpreadEx and Cantor:

> 17-Jan-23 Capital raise @0.08p of 1B shares for £800k cash

> 24-Jan-23 both held 280m shares (Cantor TR1 RNS was late @12-Oct-23) ... ie BOUGHT 280m shares each

> 26-Jul-23 Capital raise @0.055p of 909m shares for £500k cash

> 8-Aug-23 both held 327m shares following 26-Jul-23 fundraise ... ie BOUGHT 47m shares each

> 12-Jan-24 both held 280m shares on 10-Jan-24... ie 47m shares SOLD each

> 31-Jan/1-Feb-24 both held 258m shares at 30-Jan-24 ... ie 22m shares SOLD each

IMHO this means:

1) SpreadEx and Cantor are 1:1 matched in number of shares and timing of buy/sells

2) SpreadEx's business is CFD & Spread betting so any position taken by its clients have to be backed-off so SpreadEx carries no risk for their client's trades ie the risk is taken by SpreadEx clients not SpreadEx

IMHO both SpreadEx and Cantor are NOT investors as SpreadEx is a CFD/Spread-betting company and Cantor is simply matching its shares (ie providing liquidity/risk management for SpreadEx trades) held to offset SpreadEx's clients trading positions. This also clearly implies that these trades were SHORT trades and the "selling" since actually reflects SpreadEx clients REDUCING short positions as GWMO news-flow improves.

So this ought to be seen as good news not the bad news you keep saying it is!

ATB APR