Member Info for asjwebley

Looks like 3 lots of roll overs to me - could be something else but most likely placing stock which could not be paid for so they opted to roll it over rather than sell at a loss / for no gain. Unlikely to be buys with the exact quantities so basically the placees pay £200 ish each to keep the position open for upto 4 weeks (assuming its rolled on a T+20 basis). I hold a fair few of these now after buying AFTER the placing.

Losing - you post is incorrect. Check the RNSs over the last few months and you will see that your points are wrong and the assays released this week are from the first hole which was stopped several weeks ago. For anyone with an interest in this company it is quite easy to see! Plus they are now drilling around the clock...

All - I have been amazed at some of the stuff posted here over this week and there are some pretty suspicious posters who pop up at certain times. Please be very careful with what you read here as everyone has an agenda despite what they claim. I have done my best to try and add my views on the announcements but its impossible to have a sensible discussion with some of the people here so I have decided to stop reading the posts on here (and that means posting) as some are far away from the truth. I have no intention of selling my holding here before that is suggested and my view, which a few will no doubt try and twist, is that the next few months are going to be better than the last few. Ofcourse this could be wrong but thats my view.

Good luck all genuine investors and be very careful about what you read here - one day hopefuly someone will come up with a sensible platform for investors to discuss companies but until then feel free to follow me on twitter and we can chat there!

Possibly - that would make sense although they probably sent it off before they knew the results for the assays released a few weeks ago - I think that it is positive that they updated the market with it as transparency is all us serious investors want.

I have no idea what the next RNS will be (of course I have ideas) so will just wait and see what comes out. Hopefully they will improve their comms a little.

I don't know the answer to the wait to start the new hole - my only guess is that it took time to move the rig, if a new permit was required, etc...

In terms of the assays though I did not expect to hear anymore from the abandoned hole but assume that it was just that they were sent off later than the previous set. That would explain the time delay of 3 weeks.

I am pleased that they have updated us today as my annoyance with the company has just been that they are not communicating as often as I think they should. I see it all the time with these AIM investments and the reality is the companies should do more updates and the investors should expect less - i.e. meet somewhere in the middle!

Good spot - all news is good.

I am surprised that the SP is down today (was not expecting it up but don't think the downwards movement is justified) as the only assay information was about the hole that has been abandoned and they are going to be drilling twice as fast on the second M2 ST hole.

The reality of a lot of these AIM companies is that there are less long term investors (1 to 3 or more years) then is clear and money flows in and out of companies much quicker than many realise.

Let's hope that they get another update out that is not expected in the next few weeks!

I am pretty encouraged by the appearance of those on the boards with "no financial interest" in GWMO "donating" their views; games anyone?

Good luck all, Andrew

Afternoon all - the assays in todays RNS are from the abandoned drill hole - where they could not drill through to the target. I was not even expecting them to release anymore data for this hole but it does show that they are drilling in the right area.

They have announced the drilling has started at the second hole and they are working twice as quick on this hole (night shifts) to try and hot the target quicker.

Unless you are short or hoping for a lower price to get in this is positive to me. We all have different views and thats why the market then sets the price at different times.

Expecting news on M2 JORC, M4, M1, recruitment and any partner plans in due course. Very happy to hold and added a few earlier.

I am very pleased with the RNS - happy to hold a significant amount of this company.

Totally opposite riseagain - it's good news - the company will drill hole 2 twice as quick with the night shift - although welcome back!

Great to get an unexpected RNS update this morning - M2 ST hole 2 has started, operational changes to increase speed including a night shift, assays back from hole 1 that I was certainly not expecting showing mineralised results - brilliant RNS - https://www.investegate.co.uk/great-western-mining--gwmo-/rns/m2-sharktooth-update-and-assay-results/201808300700072026Z/

100% agree - considering adding more here at this level as it's crazy - but I am tempted to hold off to see the next RNS - only as it's my biggest holding so risk is important to consider - not decided yet!

For me long (normal) term is 3 to 5 years. 1 year is quite short term which is roughly my time here.

You can argue it both ways - on one hand and on the surface GWMO has had a terrible year with the wothdrawn M2 JORC and failed M2 ST hole 1. However on the other hand it is way more advanced than it was a year ago with recruitment, drilling, perhaps strategy / deal talk, etc...

It is important to try and look at it from all angles and make a decision. I suspect the usual christmas period will be better than previous years as they will be getting assays back through this window which will keep interest.

Obviously a disapointing year so far but this is an explorer and few shares go up in a straight line.

I am hoping that we get some kind of RNS communication from the company soon. From my perspective I want to understand:

1) M2 JORC - is this being worked towards? I can't see how they can't be aiming for this. If it turns out that they have this then I am sure this will send the price back to where we were several months ago as that alone was the driver for the excitement last year.

2) M4 - we have very little understanding on what they have found here but previously they were suggesting that it could be bigger than ST. A recent RNS gave some update but it meant little to me.

3) M2 ST - hole 1 clearly caused the traders to exit (no bad thing apart from the impact on the price) but we now have had 3 weeks of drilling for hole 2 (based on the RNS) and I would hope that if they hit the target zone which is much shallower they would announce this as many other companies work like this. I estimated 4 weeks assuming no big issues. So not long if we are lucky.

4) M1 - less interested in this but they are working with a partner and an update would be interesting.

5) Recruitment - previously the company has said that they are looking to bulk up the team so news on this front would be welcome.

6) Mine - the recent land RNS was the first time I have seen this mentioned so that may give us a clue as to the medium to longer term plan coupled with the recruitment progress.

The board here and also twitter dialogue is as quiet as I can recall since being invested here and my experience of investing is that when things go very quiet, assuming the longer term story is still in tact which is 100% the case here, it often moves fairly rapidly. I am also hoping that when the schools start going back next week the general market will become more active and assuming some news flow we can start gaining ground. I have no relationship with the new investor, Sanderson, but from doing research I can't see how they would have become involved at a declarable level without having some quite good hopes about where this is going.

It's been a terrible summer as an investor here and I am a little annoyed about the poor communications from the company but I do also see it from their perspective and they should not really worry about the short term movement as this is a longer term investment. That said some more communications may have been helpful to us all. On balance I prefer the less promoted shares.

Kindest, Andrew

Hi Scott

Its always very difficult to call - really like EUZ but a profit is a profit and for me it was certainly worth locking that gain given it was a short time period and as we all know results are never certain! I stand by my view that its at an earlier stage in the exploration game than GWMO.

I will be monitoring it though and may buy again subject to what happens. As I said its a very different stock in terms of promotion to GWMO.

Lets see how the next few weeks progress here and it was nice to see some strength coming in at the end of the day yesterday. I am hoping they start with some positive news very soon and I am sure we will have a few good months.

Kindest, Andrew

Thank you both - I don't get it right all of the time but I have no intention of selling down here - for me this is a long term investment and although I am clearly annoyed with the management I invested here for the resource potential rather than anything else.

I hope to see some positive news soon and it could be a week or a month or two. I don't really do much short term trading as it's very difficult on AIM (although this week has been quite good away from here) and that's why I have not attempted to trade the movement here that we have had over the last year.

I am hopeful / confident / etc that good news will come and that will bring the volume back which also means traders but that's AIM.

In terms of the comment about EUZ I also held that and sold out this week as it had a very good run given the time I held and I see that as a very interesting comparison with GWMO - for me the only difference between the two is one under promotes and the other over promotes. Hence the difference in share price movement.

Let's see how this goes once the bank holiday is out of the way and the kids return to school.

Enjoy your weekends, Andrew

Morning all. Not long until September when I am hoping the company may get some positive news out!

Just looking online and they want .74 to buy online for small quantities - does not make sell with the very negative sentiment, low volume and just 2 (big) sell trades showing - I think it should be more like .7 given everything - suspect an order maybe at work.

Watching....

1) I don't know why they did not target the shallower hole first but would love to know

2) They did not expect to hit the "breccia" when they were trying to hit the "diorite"; they have said though that the breccia is an indicator of hydrothermal activity which is how copper / gold is formed; at the time they announced their geologists were very excited so I would like to know if this is still the case

3) Their model suggests ST is the source of the copper / gold in the area so there are no guarantees that hole 2 is going to hit the "diorite" or indeed struggle to get past the "breccia" if that is on route; this is perhaps why the price is so poor right now

4) None of us know much about the drilling company as there has been no photos for months now but I am inclined to agree with you!

3rd July RNS: Drill hole M2-041 is currently at 1,503 feet (458 metres). The last 200 feet (61 metres) of this vertical drill hole has intercepted intense hydrothermal alteration and mineralisation at the projected base of the M2-Sharktooth Dunlap caprock. The unexpectedly thick alteration and mineralisation, in the form of multiply-silicified, quartz-magnetite, hydrothermal breccia, appears to have taken the place of, or is very likely above, the copper and gold-bearing diorite. Drilling will continue through the hydrothermal breccia and is expected to then encounter the mineralised diorite intrusive.

8th August RNS: The breccia encountered in M2-041 is an indicator of hydrothermal activity in the Sharktooth zone, but forms a thick barrier to depths of at least 509 metres, preventing us from reaching the underlying diorite target. At M2-042 we expect to intersect mineralised diorite at shallower depth. We will keep shareholders updated as work continues.

Alyhels - fully agree with you .

Such - we are there now and I agree with that as a range - could go lower but needs a general update to reassure the market - I believe if everything is still true that this is undervalued - but there are a lot of questions that we all have.

But a chart has no reflection on possible future news flow - unless I am missing the “show future RNS” checkbox on the charting website use?

No problem at all - I have no idea where it will go over the next few weeks but I am hopeful of it improving considerably over the next few months - time will tell! Kindest, Andrew

Hi Jayster

I think Monday, Tuesday and possibly Wednesday will be tough days with the final placing shares making their way onto the market (those with extended settlement will have to fully pay by then or sell - me included and I am not selling) and we still have 2 to 3 weeks of the summer holidays which has been quite brutal over the last few weeks in general accross AIM.

Its probably the best chance anyone will get to add and then its just a matter of waiting for news to come out which is difficult to call.

For me its hard seeing the value taken out over the last few weeks but other than a delay at M2 ST caused by not getting through the hard rock and the risk this then puts onto the second M2 ST hole nothing has really changed. At this stage a loss is just mental frustration.

I honestly can’t say but my suspicions are that perhaps this stock was being used by traders rather than investors for short term gains and clearly if thats the case it did not work out for them and that will have impacted on the price too.

I am quite looking forward to the next few months but depending on what the company announce I see some massive volatility. My view is limited downside from here and massive upside.

Lets see when we get the next RNS update and what it contains!

Kindest, Andrew