Member Info for asjwebley

Agree Scott. Hopefully we won't attract the worst of AIM and over this year to date it has been nice to see the share price start to gain some recognition for everything the company has been doing both in planning for 5 years and this drilling campaign which has been around 9 months. I would much prefer to see a slow and steady rise than a load of idiots trying to pump this. Next week (if that is when we get the next RNS update) will see this rise fast in my view but I see that as part of the market applying a new valuation to the stock which is very different to a pump and dump.

My view is GWMO is one of the best companies (actually I think its the best) out there for anyone like me who looks for small companies that have the potential for massive returns but trying to reduce the risk as much as possible. To be blunt the only risk here is that the results on all 4 drills are poor as the company ticks the boxes on where they operate, having cash and most importantly operating where you have no resource nationalisation risk.

I would also suggest that is very unlikely particularly on M2 as if the assays were poor they would have had to report that to the market which would have happened weeks ago therefore my suggestion that the delay is because we are waiting for a new JORC should be true.

For me I can't wait to hear about a new JORC for M2 which I expect next week and I also hope to hear about ST hole 1 in the next few weeks. I have tried to guess when we will hear about M4 and M1 and that could be within the next RNS and if not I see a number of RNSs in quick succession as July should be a record RNS month for GWMO.

In the spirit of transparency I have also tried to look at a level at which I can reduce my holding in the future, taking into account the most recent research I have done, as it is 10% of the company and whilst I do want to keep most of it long term at some point I will slice some off. Maybe taking it from 10% to 8% in the short to medium term. Before I had thought that maybe between 5 and 7 pence could be a sensible point but projecting the market cap against the various resources has left me with the conclusion that we need to see what comes out as if it is okay or better news I see this jumping straight from where it is which is around £10m market cap to north of a £30m market cap (5p share price) and possibly well above that. I did some figures and it could easily be £50 m plus.

For me the sensible thing here is to see what the next few RNSs come out with as this share could well be the best single share I have ever picked and we should see a big rerate in the share price over the month of July and going into August. With the news the unknown aspect of the drills will greatly reduce and that will open up the possibly of a trade sale, etc, which should get very interesting too. Good luck if you hold.

I can see this doing 100% plus at the close on the day of the RNS - assuming it is just okay - will be very volatile but certainly will be moving into a new range - the only unknown here is now the grades but I am very confident.

I have just checked the RSP as it's look strong into the close - real spread is 1.622 to 1.693 but a little more stock wanted by the MMs than they are happy to sell - have pasted a screen grab on my twitter if anyone wants to see the MMs QTY - good luck all LTHs

Hi Chee and Dillon - I am probably somewhere between the two of you on this - pretty unlikely to buy back in to BZM as I think as you say finance is an issue plus massive loans from a connected party - there are lots of other opportunities offering much better multiple returns - firstly GWMO and taking a position late this year going into 2019 EUZ.

Back to GWMO trades today seem positive with a little more buying will nudge up but as was the case yesterday more buys than sells and any size is buying. If anyone has seen the two 1,000,000 shares today that is bound to be a rollover where someone bought the stock but did not want to or have the cash to pay for it on settlement so they have rolled the trade to delay settlement.

I am off to enjoy the sunshine now so let's hope for a positive finish and another day less to wait for the news.

I held a lot of BZM last year. Bought a few months before the signing last Sept / Oct or whenever it was. Sold the lot after that as was not that pleased with the price movement then thought it would go nowhere for a while. Made a good profit. Still on my watch list and MAY buy again late 2018. Not a massive fan of investing in developing countires as there are many issues. Sure it will do okay giving 12 months from here but my view is other opportunities offer a better return with less risk. Watch the spread though as you need to buy when there are sellers around.

Good guess all - when we are on the subject if anyone has any other ideas only in the developed workd please share!

In terms of which order its easy. EUZ in my opinion is where GWMO was 6 or 9 months ago. I plan to build a fair position in EUZ as been following it for a few months but I will probably start buying around September as there is plenty of time.

Just my view as always.

P.S. Trump is actually a positive in terms of business and mining support - maybe not so much away from GWMO but it's another tick as far as this investment goes!

That all sounds very sensible and reasonable - it will come down to what they find but my view is lower end of expectations will give a value inline with £50 to £80 million market cap - a lot more if it comes out higher which could well be the case adding in ST and M4 - great thing about GWMO is the board of directors are honest and have clearly set out the plan so over the next few weeks it should be very interesting. Don't forget this is something like 9 months of drilling and 5 years planning so to get the results imminently is pretty massive. I have been chatting with other investors today and we only came up with one other AIM stock with the same potential that is in the developed world and they are around 6 months away from where GWMO currently are in terms of share price rerate.

That's a good question and I have discussed this with other investors before.

The industry benchmark for a copper mine is for 50-500 million tonnes of > 0.5% Cu. So if M2 works out as I hope and expect that alone will be at the economical level (all be it bottom of that range).

If you look at ST and M4 and apply a fairly negative expectation to levels previously expected you can see it is all systems go. Also remember this is Nevada around 300 or 350 KM from civilisation (from memory) so this is very different to being in a developing country with no infrastructure and high political risk.

In terms of extracting the value for holders though I have said before that I do not see GWMO changing from an explorer to a producer so one of the many things that people seem to miss is that if they can join up these different targets you have a much greater single resource and then a sale of farm out deal becomes very interesting.

Hope that helps, my views only, etc... Andrew

Pretty sure it will be next week with an outside chance of late this week - looks like the share price is starting to wake up too. I posted this yesterday which i think answers your question fairly fully:

1) David Fraser is onsite in Nevada where he was last week and I understand is until towards the end of this week (source PR company); I can't see him putting out a RNS until he is back but since we had the last one 5 weeks ago and this is a pretty significant drilling campaign in the company history don't see how he can not put one out when he gets back
2) M2 drilling was complete end of April; the first assays then released were encouraging and I think they have not released the full assays as they must be waiting for a revised JORC; that means it is 8 or 9 weeks when they have been analysing and hopefully obtaining a new JORC
3) M2 does have a JORC for 3.7 million tonnes of 0.44% Cu from 2014 and the 2017 JORC was withdrawn due to issues with the third party who created it; the company will be very aware that a new JORC is required
4) M4 drilling was 60% complete before Christmas and restarted 8 or 9 weeks ago; probably enough time for that to be complete now but assays may not be ready yet; can't be long
5) M1 drilling was just one hole again started 8 or 9 weeks ago so the same applies as M4
6) ST drilling hole 1 as of 22 April had reached a depth of 122 metres. As of 23 May had reached a depth of 305 metres. The programme plans for 3 holes to reach depths of between 775 and 900 metres. So I estimate that hole 1 is complete now so a few weeks for the assays gives us end of July at a guess if they release hole by hole which if good they surely will do

I think that is it but as I say just my views so shout if you disagree or want to expand on anything. Andrew

Good luck badeli; I hope you do very well here and you have probably timed this purchase just about as well as possible!

Either late this week or more likely early next week for the RNS I expect.

I see this showing 100% plus if the RNS comes out as we expect. Much more is a possibility over the next few RNSs but the next one is key as it will show the wider market some of the results from all the hard work put in by the team over the last 9 months drilling and 5 years planning!

Evening all - just got back from archery with my son! At this stage with news so close I am surprised its not a bit higher but thats the way these companies often pan out. I can see a several hundred percent rise next week if we do get the RNS we are hoping for. I also see a takeover this year as soon as the various drills are known. Good luck all holders.

Good question! I enjoy finding companies that offer a great opportunity and as I am not that old I see myself doing this for the next 10 years (I have done 2 jobs quite well both for 10 years so far). That will take me to 50. I do a fair amount of fun things too and enjoy my flexibility but even when I get to 50 I am sure I will still invest but maybe in funds or something like that where there is less risk but the money can still grow for my kids.

I agree with your comments. I think it's just a waiting game with a bit of speculation thrown in until we get the next RNS. I am very interested to see what the next few say as with the lower ends of the potential this should be well towards double figures. I had hoped to see a little tick up today and I am sure we will see that at some point this week. It is true that until a share starts shooting up the herd do not arrive; perhaps this is because people do not find out about it until then rather than people not wanting to take positions before. Not long to wait now!

Thanks for the note chee - I agree with what you say and whilst at times I want the company to shout a little more you have hit the nail on the head with the other issues that brings! Even if we wait another month it should be worth it given the years its taken to get to this point!

P.S. Was not trying to offend anyone with the other companies I mentioned its just I am quite active on twitter and see a few different companies each week where the short termers are getting very excited. Glad you did not take offence as that was certainly not my intention.

Very quiet here today - must be the weather!

Don't want to be negative but in the spirit of presenting a fair and honest view the price seems to be running out of steam with a few sellers and not enough buying support. Its probably the short term traders (gamblers) grabbing their cash and moving over to ggp and rock but as long as we can hold around this level until next week when I expect news we should be well placed to break 3 or 4 pence assuming its good news. Dont know why anyone would sell now with company changing news just days away.

David Fraser may even suprise us and get the RNS out this week as like many AIM company directors he is not a fan of the traders. I hope he will time the RNS with this attitude.

Not that I saw in the email - personally I often ignore the broker targets though - I see this quite a bit above 3 pence short term and if they can get the company more known with PIs (they have quite good II support already) it should do well - much more solid that most of the AIM opportunities IMO.

AfriTin Mining (ATM LN) – 2.9p, Mkt cap £15m - Pre concentration grades from Dense Media Separation tests on tin from pegmatite samples

BUY

* AfriTin report results from Dense Media Separation ‘DMS’ of samples taken from pegmatite targets at the Uis project in Namibia.
* The Uis test results indicate DMS processing can recover around 85% of the contained tin to a high-grade 60% concentrate, higher than the 55% tin concentrate targeted by Kasbah in Morocco.
* Stage one shows Mass recoveries of 4.5-28% on sample densities of 2.7-2.6% tin feedstock. The DMS plant then sacrifices a relatively small fraction of the tin in its concentration of the heavier elements.
* The heavier material then sinks, cassiterite is heavier than the Dense Media Material used but some of the fine tin floats and is lost. Tin recoveries are 71%-91% in Stage 2 of the process.
* Stage 2 produces, a very nice to have, tin grade of 4 -23% which is then concentrated to a 60% concentrate in a conventional tin process plant
* AfriTin are refurbishing an old pilot plant which should keep the capital costs down, while DMS plants are relatively inexpensive to build and run when compared with other types of mineral separation plant.
* Theoretically tin should work well in DMS plants due to its density and mineralogy. While recovery rates are not so good for some other minerals the ability to upgrade tin from the Uis project with such little wastage

Conclusion: These figures look good particularly with relatively small wastage. Upgrading the tin by DMS should enable higher production and lower operating costs from a relatively small plant.

Production is targeted for first tin concentrate during Q4 this year.

Morning all - looking quite strong on the RSP this morning. Let's see how this goes this week whilst we wait for news. Definitely the best (and largest single position) in my portfolio right now.

Should be another good week. MMs on Friday afternoon wanted shares so with a little more buying I see this moving up as everyone expects news either this week or next. I expect it next week as DF is finishing his site visit this week. As to what we will hear perhaps it will be a big RNS with lots of different drill info or perhaps clues as to the next plans. And if not then I am sure there will be a number of RNSs in quick succession. Looking forward to this week along with the next few months.