Member Info for asjwebley

0p! Depends what you mean by worst case though! With all shares there is risk but I like GWMO as they have multiple targets with some proven so that helps reduce the risk for me. On top of that a safe jurisidication (I have had fun investing in developing countries with political drama but not looking for big positions away from safe areas) and an honest management.

It does all depend on what comes back from the drilling but both ST and M4 are phase 1 discovery drills where as M2 is phase 3. The way I have been trying to plan ahead is to look at a fairly poor ST (i.e. not at the upper range they have suggested - see 2017 video interview) and treat M4 as a bonus and on that I see the share price being a multiple of the current price. If they both come back as very good then its going to be well above 10 pence and that would be on the in ground value heavily discounted as no deal would be in place at that stage. So in short I cant answer it but all shareholders will be very happy!

Afternoon all. My take on the drills: M2 finished and assays for the 4 holes we dont yet know any day. Plus I am expecting new JORC. M1 could be finished as I think it was just 1 hole. M4 60% was completed before Christmas and 5 weeks drilling now complete. Probably a few more weeks so guessing around a month for assays. ST holes are much deeper so looking at the recent RNS announcements maybe around another month for the 1st of 3 holes. I am guessing they will announce hole by hole. Thats just my view but its looking like a good few months for lots of newsflow. As a side they will probably update us over the next few months on what drilling will be done after this current phase and also what they plan do do with these current targets too. Maybe some JV or sale plans? Also they may tell us how they can put the resources within these different targets together which will also dramatically change our fortunes. Last week was excellent in terms of interest and share price support so I am expecting another good week. I put this on twitter earlier too (cant post the picture but check my twitter or look back at the 2017 investor presentation): �Been looking at various info this weekend and it will be interesting to see what #GWMO M4 drilling shows - over 1.5 million tonnes of copper using in ground valuation of $100 gives us a value of 112m GBP or 14 times the current market cap - take a look at this slide from 2017!�

P.S. chee - just seen your latest post about linking the targets up. You�ve hit the nail on the head there and that would make this very exciting to something even better! I know that is the plan and if it comes together then brilliant.

Hi ad - very fair point about M4. The reason I put it down as a side project is even though some have talked about it possibly being bigger than ST I am focusing on what the company can do with M2 and ST (ST is almost part of M2) in terms of the next few months. Only my view here and me trying to unrstand the future valuation. That way if the drilling looks good at M4 it is a bonus. The market does not reflect the true value for GWMO as things stand right now with what they have so I thought that was a sensible way of looking at it. I fully agree that M4 and M1 are very different in size. Hi chee - the reply to ad (sorry for shortening names but my spelling is not great) kind of touches on it but the difficulty I have is that the value is so low compared to other companies with less cash, less resources and in worse parts of the world that I will most likely see how it plays out over the longer term. I have said before that I will not sell more than a small fraction of my holding (which I did buy back by the way) and I am not going to look to sell a larger part until well above the current price. Perhaps somewhere between 5 and 10pence but what you need to remember is every RNS they put out changes things so with a good set of drilling for hole 1 at ST (if they release hole by hole which I think they will) or if M4 looks mega I will certainly rethink. Also the other important factor is the price will move massively on a good RNS so any targets people set could be passed in minutes. Whatever I decide I would like to keep between half and two thirds for years rather than months. Sorry it is not a very clear answer but the truth is I dont know as I have held for a year and believe in the story. For me this is long term and if I have to watch it unfold for a few years for a much greater profit that is exactly what I will do.

Morning all, going through my notes and thought I would share my summary for discussion. My view is this is a massive, maybe once in a lifetime, opportunity still under the radar and the price action this week tells me the MMs are still short on shares and with news possibly as soon as the coming week we should move considerably higher. I am not looking to sell with the current facts until a multiple of the current price. #GWMO my summary: 1) Cash: �2,347,154 as 31/12/2017 2) Current drills fully funded 3) 3 Live drills (M1,M4,ST) 4) Plus M2 awaiting full results & JORC 5) DF has excellent FS background with no negative AIM history 6) Resource potential (in USA) is huge with t/o or JV strategy likely #GWMO resource potential: 1) M2 expected >200,000 tonnes of CU 2) M4 could be >1,500,000 tonnes of CU 3) ST could be >800,00 tonnes of CU 4) M1 new drilling 5) CU mine needs >250,000 tonnes to be viable 6) Strong cash position 7) New JORC expected for M2 soon

Good summary Soley - the only thing I would add is that at some point they will most likely look to get a new JORC for M2 - looking forward to next week as I think we will get another update from the company then and if not shortly after. Well done all holders - the rise is only just starting in my opinion.

They have just moved away from 1.4 on both the bid and offer. Still close to 1.4 at 1.35 on the bid and then way up at 1.55 on the offer. My guess is another large order but see this as very positive behaviour. I think someone mentioned opening up a short on GWMO at the start of the week (not sure where they would have opened this trade as it is very difficult to short sub �10m mc companies) so I hope that they have their margin requirements under control!

Just got back to my desk and it is 1.4 each way with PEEL - never seen this with GWMO before - does happen but not that often. Don't want to jinx it but I can't see this finishing lower than 1.4 to sell and hopefully a bit higher if we see more buying. News next week perhaps?

Same as me - as we saw from my comments over the last week I think this has much higher to go - I may buy and sell a few along the way but that will only be a percent of two or my total holding (so 10% of my shares - I hold around 10%) - on okay ST I see this above 5 pence and if better which I expect I am not even thinking about a price!

Not me - I did add a few earlier though - only small - clearly someone very wise!

It was interesting to see the sells this afternoon but remember it was not mega volume - probably a little above average for gwmo. I was please to see the MMs hold the bid where they did after early afternoon when PEEL even bid up. I am sure my short squeeze theory is what has played out this week and my guess is next week for a RNS and they want to get their books in order before any news takes this higher. If those sells had been before last week the share price would have come off for sure. All week they have been very defensively positioned. For me its a case of watch and hold for the next few announcements as I have been invested here for around a year waiting for the resource to be proven up. Some chat here today about a placing but thats not going to happen any time soon in my opinion. If the share price did rocket past say 3 pence on great M2 results or something unexpected for M4 (approx mc would be �18m) and the company wanted to raise say �2m (approx dilution for existing would be 10%) then I would be pleased as placings are essential for small caps and also help set lines in the sand too. All in all very much looking forward to tomorrow and even more so next week. Good luck all.

Thank you - its nice seeing us PIs with the advantage for a rare change! Lovely.

Thank you - it was around 2,000,000 shares from memory now mostly bought back and that was less than 4% of my shares. I was not prepared to sell anymore at even 1.9 pence as I see this much closer to 5 pence than 1 pence in the near future. Was not worth the risk in case it did not drop back as for me I am sure this is going to be my best ever single share pick. I am really pleased with watching the MMs short this week and hope to see news next week with a bit of luck before the MMs get their books in order!

Afternoon all. Looking solid again today and you can see the MMs out bidding either other even after sells. Very sure they are still short and I expect news next week. Without wanting to be too harsh I hope we get news before they get their books in order! What news could we see next (in my opinion): 1) M2 remaining assays with new JORC 2) M4 as 60% was drilled before Christmas and they have been drilling again for 5 weeks now My view is ST will be a little longer but released hole by hole.

Thats a fair comment Crystal but none of us knew that it would fall back so much last week. I could not believe it did but then we had the short squeeze opportunity. My view is quite simple: 1) If you believe in a company and its long term story it's too risky trying to sell and buy back 2) If it's more a trade and you are happy with a profit but also willing to miss out on any further gain (or lock in your profit if it comes off) then if you can catch it go for it With smaller stocks like this I think you are much better off holding for the long term story and staying in for multiple RNS news. As Warren buffet says the ideal time to sell a stock is never! Just my view.

No sells from me to report... I did expect something similar to what we are seeing as you can see from my short squeeze comments recently. My view is that we have a few more days of it nudging higher and then that should lead onto the M2 assays hopefully with a new JORC whilst we wait for ST. Anything else I am treating as a bonus.

Lots of reasons but mainly that smaller companies need to raise money to survive - the point is though that GWMO are fully funded with cash for what they have on at the moment so they will raise over the next 12 to 24 months but they will do it at a sensible price (much, much higher than where we are today). If you were in charge when would you do it? Now when the price is where it is and it would also be harder to generate interest or after ST if the results are okay or better when the price will be much higher and the resource will be proven? Factor in the new M2 JORC which I expect in the next month too. Look at the trades today, the level 2 bids and you can see what is happening as it is rarely this clear.

Just my view: 1) MMs sell a load of shares between 1.3 and 1.95 (Wednesday 23rd May) 2) They don't have the stock but expect a placing which leaves them in a short position temporarily (which they will take part in) 3) Placing does not appear so need to get the stock through the market 4) Price goes up as they need to get the stock I expect this to play out this week and next which ties in very nicely with expected newsflow. In my experience (20 years of AIM) you don't see it quite this obvious very often. In reality there are loads of other variables so for example where we are today they can hold back the price for border buyers or print a few crappy "sells" below the actual sell price to encourage more sells. It is important to understand the market as much as the companies you choose to invest in. Obviously I could have this all wrong and our friendly market makers are doing nothing of the sort...

Not exactly but close - I don't see an imminent placing (why would the company if it expects good results from what is being drilled right now) but: 1) if the market makers expected a placing they could sell as much as they had demand for 2) then take stock in the placing 3) then use that to fill the orders where they would have been short (as opposed to your point where the stock comes from the market) So in simple terms if nothing is bought and sold between now and then end of the week you have a rise as they will need to get the stock. Just my view but I am 90% convinced that is a large part of the price not being a little higher. Also check out level 2 as every single market maker is holding at 0.0115 including DAVY who are normally .002 away (20%) from the range. I find that part of AIM investing is understanding the company but perhaps the larger part is understand how to transact. I had a company I was looking at earlier today which I won't name and it looks amazing but the only thing stopping me buying is that it's too hard to buy and sell the stock.