Member Info for asjwebley

Just bed and isa'd a few as a birthday gift for my son! Hope he's pleased after the next few RNSs but maybe a Lego set would have been nicer to unwrap... It's the two at 12.56 if anyone is looking at the trades today!

Fair comments Dillon - give them a few weeks though as I suspect we will get a RNS this week and we should have a couple over the next 3 months (the 4 drills). If the M2 assays come back good with a JORC this will fly. In terms of twitter and vox agree that they are too quiet - however they are focusing on the company and although I email them regularly to ask for photos etc they are just being careful that they don't drum up too much hype as they want the drilling to speak for itself. I have been involved with many companies over the years and it's the ones that take a slowly slowly approach and are honestly managed like GWMO that do best. That's why I have around £1m in this company right now and I am actually selling down a few of my more "hyped" companies that I don't think offer the same upside or longer term potential. Short term views work out some times but it's very difficult even if like me you are a full time investor. Looking at just my short term holdings over the last few months I am up but in all honesty not enough to warrant the risks taken where as on my long term holdings I am doing very very well.

Be great to see if we get a reply to these questions as over 30% of his posts in the last 30 days are about GWMO so he is probably as clued up on the company as me!

Jack - how much do you estimate: 1) The corporate costs are each year 2) The current drilling campaign has cost them 3) How much cash they had going into 2018 Very interested in your answers since you seem to think the cash is running out! Can I also ask if you hold long, are short or are thinking about investing here?

Hi EyeGuy - I agree with your comments - I have no idea what motivates people like that! I have always thought that some people would prefer to watch others fail than do well themselves which sounds awful but is illustrated quite well by some of these trolls! Trading fairly flat today - I think we will probably stay around the current level until we get the next update and I am fairly relaxed when waiting for it. I do think that it is very likely that they will announce something this week as it's 4 weeks since the last RNS and if you look at the M2 end of drilling it all fits in quite nicely.

A summary for all which I hope shows the true situation. This is all facts based on recent RNS with a few opinions from me. 1) M2 update due any day. Drilling was completed 7 weeks ago according to 24 April RNS. I suspect it will arrive with a new JORC as I understand that takes 4 to 8 weeks depending on third parties. The company has clearly announced M2 will be the first update to the market but due to some already being announced I suppose they could announce M1 or M4 if ready sooner whilst waiting for JORC. 2) M1 drilling with Crownpoint started 7 weeks ago according to 24 April RNS. It was just 1 reverse circulation hole and assays take around 4 weeks so again any day. Its pnly a side project so treat as a bonus! 3) M4 was 60% complete before Christmas and the diamond core rig has been drilling for 7 weeks ago according to 24 April RNS. Note here they are using the slower more accurate but more costly drilling as with ST. Again any day. 4) ST hole 1 was at 305 metres on 23 May RNS. They are drilling a total of 3 holes using a diamond core rig and they are between 775 and 900 metres deep. I suspect they must be at or close to target depth on hole 1 and I am guessing 4 to 6 weeks for assays for hole 1 if they release hole by hole. 5) Placing. Not currently but if they release great results over the next few months I would support that at the right price. I see this well above 5 pence (£30 to £35 million market cap) as it should be a major copper find in a secure country. This share will be significantly derisked once more drilling is reported and the company will need to set out its future plans after this drilling campaign so raising money is one option. Others include JV / farmout / PE / etc... So lets see what this week brings. I think it will be good and hope for other holders that we do get a RNS with a positive update but the excitement is the next few months as all these various drills get results back to the market.

Galaxy; that's complete rubbish! I don't often laugh out-loud when reading these things but your comments have no fact behind them! I don't think it is even worth picking up your points as you are so far away from the mark. Take a look at the last couple of RNSs and please provide a little substance rather than posting things like this.

I disagree lobsi - ofcourse this is about discussing GWMO but can I point out where I believe you are calling this wrong: - I agree it is likely that we get a RNS next week but then not that there will be nothing for 2 months; they have 4 drills that we are waiting for so thats why news is about to start flowing frequently. - No large holders sold on the news that was 3.5 weeks ago rather than days; I am the largest holder of this share and I sold a very very small amount which was then bought back but I do agree some traders jumped in and out which you will allways get - The spike we saw 3.5 weeks ago will be smashed on good news especially either a JORC or something else better than or unexpected - Why would people sell on the first RNS of many when most expect the next news to be regarding M2 and ST and M2 both of which are much bigger are so close? - Selling will only be on a very bad RNS - Long term we both agree but please come back to my first point about a series of exciting announcements over the next few months to see why I disagree with your last point I believe a few have taken positions believing the same as me but that most wont buy until the next RNS and they will still see a gain subject to MM games but that the stock will open up if its great news. Value your comments but wanted to reply as I dont think it offers a true reflection of this great time for GWMO.

Lets wait and see if we get a RNS next week. I am sure that will take us from the 1.5 pence level upwards. Looking at M2 drill end date (from RNS) they must be close to a new JORC.

It's a good qustion and it very much depends. The big issue with AIM is that you are very much in the hands of the MMs although you can learn how to play the system. My view is as follows to use a made up example but if it's not clear say and I will try and explain better. Equally if anyone disagrees feel free to say. 1) GWMO Share Pirce closes on one day at 1.5 2) They put out a RNS before the market opens 3) The MMs then have to decide what level the open their bid and offer and before we get to buy or sell they will then have their auction so they all level out to a degree 4) If the news is good this will be higher but at this stage it is just them basing on what they expect and what they are happy to sell or buy for within the market size 5) In my experience they often wack it up as much as they can (20% to 30%) 6) Then as the trades come in they will adjust based on if people are looking to buy or sell You can use the same example if they release news during the day but just take out points 1 to 5 as we saw a few weeks ago where then the orders that the MMs see on the buy and sell side will decide if the price is going to moved up or down. So in theory if it is good news the price will go up and if it is bad down. By how much really is linked to the demand and supply of the holders (us) with a degree of the usual MM games thrown in. The best scenario is that it is good news (or even great) and then people decide that they are interested in holding for what comes next as then we will see more buyers and not so many sellers. Ofcourse you will always get some but for me it's a case of seeing the story unfold over a number of different RNSs and then the company will be in a very different place with a very different valuation. Without wanting to bore you this is also why it is not really possible to wait for news then get in as to buy at any decent size the price will reflect the news. Also you need to be careful at buying the second the market opens after good news (for any stock) as if the MMs have marked up more than reality you will be stuffed. Years ago when I used to work in financial services for a broker the business as usual deals were often done in the afternoon but certainly not first hour as that's where you get more volatility. Kindest, Andrew

I use ADVFN often and I put a comment about a new JORC for M2. Had a reply asking if that was speculation on my part, which it is, and thought you all may be interested for me to post my message here too. Here it is: The reason why I am so sure though is that I believe that they will have the M2 assays by now. M2 was completed before the end of April (RNS on 24th April told us this). That is 7 weeks ago. If bad they would be required to release (otherwise they can be accused of a false market) and if good then they could hold off until they have the new JORC which takes weeks to obtain. If they were also bad then you would not bother getting a JORC. After the 2014 JORC and then the 2017 JORC which was withdrawn they really do need an updated JORC to take M2 forward (RNS quote from 23 May "In 2014 a maiden JORC resource was established at M2 consisting of 3.7 million tonnes of 0.44% Cu.") Of course it is not only about M2; M1 and M4 drilling must be close to completion and I think hole 1 at ST should be pretty much at target depth by now. I very much doubt they will announce everything in one RNS as surely they would want to release news flow over a few months.

I hold here. Bought a fairly large chunk in the placing and although some may not like this comment my original plan was to sell half and keep the other half longer term (that's 1 to 3 years for me). However, I decided to keep the lot after seeing the price hold up well before the meeting (yesterday) and then not much selling after (yesterday & today) when those that were in the placing could sell if they wish for a quick several percent profit. I have had a call from my broker today and there is demand to buy this stock at size at 2.8ish but I am not selling any as I believe that the prospects are too exciting and it is among the strongest AIM companies that I currently hold. It should be an exciting few months and I may increase my holding subject to price and other investments over the next few months. Good luck all.

Seems like a few more buys than sells today and the ones that stand out are decent chunks - on the buy side. A little levelling is not a bad thing and I am very happy at these levels going into next week. Don't know if we will get news next week but it will arrive when it's ready and then we can see what the new JORC says! Certainly more activity the last few weeks here so good luck all holders. If you are short best of luck too; I think you will need it!

Thank you M0neyMan - that's 100% right. I also bought a few yesterday and today on the market at the current level as for me GWMO is looking like it is better placed today than it was a few weeks ago. My reasons are varied but I am sure that they are waiting for a new JORC which will really help the share price. I will add more at this level when we wait too.

I agree with your comments here. Everyone likes to see a share rising but no single share that I have been involved in goes up in a straight line for lots of different reasons! GWMO has had a good rise for the last few months and for me it's looking better today than it did a month or two ago. The longer it takes to get the M2 assays the better (within reason) as it is obvious that this is because they are getting a new JORC which they certainly need. Then the other drills will follow quickly. We will get a RNS shortly, maybe next week, and I am sure it will be worth the wait! Good luck all holders.

Do you mind trying to word your question a bit better as I am more than happy to answer anything (if that is directed at me) but I can't understand it fully? Kindest, Andrew

You will always get some sellers when things go up - but not me. In fact I just bought 200,000 at 1.61 and 50,000 on another account at 1.618. Great price even though yes it was lower a few weeks ago. I am happy to add along the way assuming that the price and outlook is right. I see this being well past 5 pence in the next few months assuming that the next RNS is good. It could get to that sort of level much sooner with good news and that is why (as I have said before) I will not risk being out of this share as some people may decide on the hopes of buying back lower. The real gain is simply holding over the next few RNSs.

Nice movement today - seems that the increase is drawing out a few sellers - each to their own but still way undervalued in my opinion. Once we clear out those looking to dump their stock we should move up again. DAVY are still bidding at 1.55 - of course the MM department will have a "chinese wall" so they won't know any pending RNS...

Not selling too soon is one of the hardest lessons to learn! They do say hold onto your winners and cut your losers but the human brain seems to go against that and people chase losers by banking profits on winners. Then you end up with a portfolio of... At the end of the day a profit is a profit but my view is providing the next few RNS all look good then this share is one to hold for the next few years. Obviously everyone needs to decide when it's right for them to exit but I won't be selling any time soon.

Quiet trading so far but there are some trades going through. Interesting that the house broker just moved up to the bid at 1.55 - they are normally very uncompetitive and if you wanted to buy from them right now they would charge you 2 pence per share - that's a good sign to me!