RE: Interesting times ahead24 Jun 2018 10:12
Morning all. This next week should be really interesting for all shareholders.
On Friday near the close the MMs were looking for roughly 4 times the quantity of stock as they would sell (I just shared the RSP screen grab on Twitter for those interested). I am not expecting news this week but at the same time would not be suprised if some comes as DF is in control of the news and has always been very good at releasing news when its ready. Photos on Vox would be nice to see too.
I dont know of a single other share that offers this much potential and this really will be a case of if the current drilling campaigns can show a decent level of copper, and we have 4 different areas all reporting back soon, this share will be well past 5 pence, on its way to 10 or maybe even higher. To give you a guide 5 pence is a market cap of just under £30 million and there are plenty of AIM companies with higher valuations but less prospects.
I saw an Irish mining company get a takeover offer from a US private equity company last week (quoted in Canada from memory) and can see something similar here as soon as the resource is firmed up more. I think a takeover is a highly likely option here in the short term and I would support that at the right price.
To top this off David Fraser is one of the best and honest directors I have encountered on AIM and this resource is in the USA, not some developing country where licences are at the wim of local politics.
I am very much looking forward to seeing how this trades before and after news and I see 2 pence plus before news with a little buying support. I am invested here for the long term but the next few weeks are going to be very, very exciting for anyone holding GWMO. In terms of where the share price could go I have no idea only that it will be a multiple of the current price and could be easily double digits if they can show the amount of copper talked about thus far.