Member Info for asjwebley

Putting a short on at the current price would be financial suicide in my opinion! Why would you? Several multiples of the current price over the next few months and you would need massive margin payments to keep it open for pretty much no movement the opposite way. Plus you would find it near on impossible to get a decent firm to take the trade putting you in the hands of the firms that you shouldn't really deal with. If you don't like GWMO I would advise you to find something you do actually like as micro caps are dangerous to short.

Good morning all. I am sure that my comments about a short squeeze are what is happening here: 1) All 5 MMs including DAVY on 1.15 2) Actual price is very well bid with not much on offer 3) Stock is needed to fulfil the buys from the spike last week The recent comments on here about ST are very much my views too. Good luck all.

No problem - be very interesting to see what the next one or two RNS say - I dont think there are many other opportunities offering what GWMO have and thats why I am holding for the longer term story. Good luck.

Morning Jayster - difficult to say but it could easily get into the high 1 penny or past 2 pence. The pull back was overdone. My guess is we will see it touch 1.5 pence and hold that as people realise the near term of the various different activities. I don't think it will go lower and I will be adding heavily if we see any price weakness. Reasons over the next 2 weeks as that is the time you ask about: - I suspect we have a short squeeze so unless there is much selling next week the MMs will have to increase the price to get the stock they need to fill deals done last week; they can do the opposite though and increase their risk by encouraging a drop further to accumulate and panic people. The longer they leave correcting their books the better! - M2 additional holes should be back and if the copper (or other) looks good in these other holes you will see a bigger and more sustained rise for lots of reasons but helped by confidence that this has lots of different angles unlike most smaller AIM companies - M2 may also see a revised JORC but that maybe a little longer than the 2 weeks you are asking about - a chance of news from M4 or M1 but I suggest discounted anything from both and treating them as bonuses Then on top of this in longer than 2 weeks we will see ST and as I said before I think this will be hole by hole. If the first announcement about ST shows that hole 1 (M2-041) has good copper intersects then this will rocket. The other variable is if the company starts to do a round of investor PR (videos, VOX, podcasts, etc) which they may hold off until they have more results. All in all probably the most exciting time to be in GWMO and if you have a short term view or longer term I am sure you will do well. The trick with these stocks is to be in for news as if you try and take a position on news you will have no chance of getting any sizeable position as the market will react very quickly and put online trades to NT in the direction they wish.

Thats a really tricky one and does depend on what you mean: - are you thinking ST news - or other news (the rest of M2, M1, M4 or anything else they need to announce) Either way it is impossible to guess when news is coming as I dont know if ST hole will land hole by hole (that would make a lot of sense and if I was in charge what I would do especially if hole 1 looks very special) and my feeling is we will get the other M2 holes with a new JORC in the next 4 weeks. It also depends on what the MM stock position is. If they can get enough shares which I think they need from the last week (on the biggest day over 20% of the market cap was traded) the short squeeze which I expect over the next 2 weeks is not an issue. I think a fairer value without any other news is much closer to 2 pence and I am expecting my shares to be worth 4 or 5 times at least after an okay result from ST. On better than an okay result well north of 5 pence and you will see volatitilty for a period but I am talking about share price once things settle as for me it takes days or more to make a large trade as I would if I sold say 25% of my stock as you need to find a suitable place to sell the stock so firstly you get a good price and secondly you dont trash the price for the remaining shares and also other holders. Hope that helps?

My view is that the MMs have sold as much as they have been asked for expecting to then get the stock through a cheap placing which is not going to happen in the near future. I expect the price to rise without any other factors (i.e. trades, actual news or expected news) as the reality kicks in and they need to deliver stock. It should be a good few weeks and months for GWMO shareholders. I have seen this many times before and it is how the city works.

No problem interesting to look at the trades and published bid offer of 1.15 to 1.25 when really it is more like 1.21 to 1.25. Only 2 selling at 1.24 / 1.25 too - interesting.

I could not answer that - I use HL and SVS and I know that HL does not loan stock (last time I checked was a few months ago). My shares with SVS probably are not loaned as we would have discussed that. People do say about limits stopping that but best check with your broker. In terms of market makers they are allowed to be short without any cover so they are not at all playing by those same rules as the argument is they should be allowed to be short term short as that allows them to make a market. I get that and it's the way it is but to be a successful investor you need to understand the system as much as the companies you are buying into. The point is if that is the case give it a few weeks and they will have a bit of an issue especially if good news lands as it will magnify the situation in our favour! Again just my views but as always happy to share my take on things.

So following on from that on any good news it will be even more dramatic than earlier this week - although hopefully not then coming back down so much! If I was not positive on this stock there is no way in the world I would try and short it (technically that would be difficult to do) as the upside is limited (i.e. down to 0) but the downside is massive (i.e. up to 3 to 5 pence). Would be far too risky for me.

My view is that the market makers have sold stock that they don't have expecting a placing which I think why the price is not better than it is. They are allowed to be short but obviously over the coming weeks will need to buy that stock and if there is no placing so they can't buy it cheap from their friendly corporate broker mates the price goes up. That's my opinion based on my own research. Maybe wrong but very happy with the outlook.

I can confirm they are mine but I am staying just below 10% for today (9.98% if you want the exact figure). I will see how this moves next week and add on any price weakness as I have a strong idea what is going on after doing some digging. Enjoy your weekends all. Andrew

I agree - would have been nice to see the price higher after what I thought was a very good RNS but it is where it is and for me it does draw a nice line under the last few weeks as we look forward to the next few weeks. I think that they will release the next few RNSs as they can but they will surprise the market when they do.

I am going to add some today too - just waiting to see if the price dips as it is very difficult to see where this is heading short term - over the next few months it will do very well and my guess is: 1) ST news will be 2 to 3 months looking at what they have drilled thus far 2) They may announce ST as they complete the first hole if they find something strong though 3) I see a new JORC for M2 in the next 4 weeks 4) I have discounted M4 and M1, even though M4 could be massive, and will treat them as a bonus! 5) We should get some clarity over the coming weeks and months about what they plan to do after these current drills and there are lots of different things that could come out there My observation at the moment is that the market and especially the market makers see a placing and I think that this is very unlikely and I would go as far as to say they are happy to sell assuming that they can get placing stock cheaper. Give that a few weeks and that position will not be sustainable and then you will see a sharp short term correction. Had a conversation with someone who is a very successful investor yesterday and the conclusion was if you believe in a company you buy when others are selling. If you think it is not as good as you hoped then you sell like hell when the price is strong. My decision earlier this week to not sell any significant amount is something I am pleased with. That's why I am going to look to add more! Will - do you mind sharing where you placed your short as most companies would not let you place that on a smaller sub �10mc stock? I would be interested to understand how you managed to get that one placed.

Quazar. The reality is that with exploration despite a company planning as best they can the industry average strike rate is around 1 in 10 drill holes actually finding something. Its far from guaranteed. So we have 1 in 2 here which shows you a lot! You also have to remember that you are looking at three elements of what they have released this week. The drill depth, the metres within that with intersects and ofcourse the grade %. It is very difficult, actually impossible, to take that raw data and then guess with accuracy the JORC compliant estimate as you dont have all the facts so that is where we currently are. My view is we will get the JORC compliant Inferred Resource (which as you know has to be independently verified/calculated) with the other 4 holes results over the next few weeks. Normally companies release an initial view based on the third parties findings and that is followed by the full report further down the line. Dont forget also that they are trying to move M2 from a JORC compliant Inferred Resource to a much more valuable Measured & Indicated JORC status but this is the full aim and will require more drilling over time. There are lots of aspects in this weeks RNS that I was pleased to see but the single biggest thing was the information backing up the hope that source of the mineralisation is an epithermal plume at the core of the mountain. Please feel to ask me anything else. If I dont know I will tell you and if I can help I will. Kindest, Andrew

My view is that the next few weeks are going to be interesting. ST will be a bit longer than I expected based on drill depth to date. Maybe 2 to 3 months in total but perhaps releasing individual holes if significant finds appear. I am excited to see when we get the next news and my belief is that it will be a revised JORC after the full assays are back for the M2 infill drilling. Good luck and I am hoping to see some gains tomorrow as people get to understand the most recent RNS.

Afternoon all - disappointing not to see more support for GWMO today - this should be higher. Lots of speculation about my shares but the simple fact is I still hold the vast majority as I was not prepared to risk selling many yesterday as the "spike" could have easily been a "rise" and for me this is more about the next few months than a trade as I have held here for almost a year and this is an investment not a trade. As you can see from the TR1 I sold approx 2,000,000 shares yesterday which is less than 4% of my holding and I actually bought 1,000,000 back to today so in percentage terms my holding is pretty much the same as it was before the RNS yesterday. I am a fraction below 10% so no need to file another TR1. Also yesterday my shares were less than 2% of the total volume of shares traded so I am pretty sure that my selling yesterday, my TR1 filed yesterday and announced today and then my buys today have not affected things much. If I had an impact the price would have held much, much better. I have emailed both the companies broker "Novum" and their PR company "Wallbrook" to suggest that they arrange some photos on Vox and investor videos as I think they could do a lot more to tell everyone how fantastic the situation is. No reply yet but they are very slow at the best of times! Moving forward I am not at all worried and am excited about the next 3 months. DYOR, etc... Just my views that I wanted to share...

Just considering on buying back a few more - I use HL for online trading and when looking to buy a reasonable quantity it goes to NT but I could sell the same quantity (not that I want to) at 1.32 - this is going up today from here in my opinion. Good luck if you hold.

No problem at all - I have seen that many times. The regulations give you 2 working days I think but loads of people don't even bother to announce. I think that is terrible but they do seem to get away with it. For me I believe in being open and I have always filed by TR1s on the day I have made the trades. By the way I just bought half the shares I sold yesterday back as at this level it is so much safer an investment than before the RNS yesterday. Lots of great information if you read it carefully but please make your own decisions. Good luck.

Good morning all - thank you for the words about my small sell yesterday - I like to think that I am much more open and honest that some players and if you follow me on Twitter hopefully you will see that I am very open - it was less than 4% of the shares I own - with hindsight I should have sold some more and bought them back but my view is that the price will go much higher over the coming weeks and months so I was not happy to risk not being able to buy the shares back as I am not a trader more an investor. Without stating the obvious a little disappointed not to see it much closer to 1.5 pence but this is a great level to buy and if it stays here I may well buy back a lot more than I sold yesterday! Just my views.

A summary I just put on twitter in reply to some questions: ‪#GWMO:‬ ‪*Cash: �2,347,154 as 31/12/2017‬ ‪*Current drills fully funded‬ ‪*3 Live drills (M1,M4,ST)‬ ‪*Plus M2 awaiting full results & JORC‬ ‪*DF has excellent FS background with no negative AIM history‬ ‪*Resource potential (in USA) is huge with t/o or JV strategy likely‬