Member Info for asjwebley

This is just “fake news” based on standard text inserting stats - sites like this just exist to get impressions and clicks so nothing sinister but equally disregard - Andrew

Very fair post such - hopefuly most will know that I am very open and honest on what I say - I do kind of agreed with you for the next week with my comments about selling of last few placing shares and investors probably need to guess what future RNSs may say along with timescales - its good the company is not over promoting things - if I was not invested I would certainly be buying hard but probably with a strategy of being able to keep buying on any further weakness but getting an initial stake that also positioned me for the RNS that will land at any point (days, weeks, a month, you guess). This just confirms to me that my strategy of buying rather than trading stocks like this with pretty extensive research is right for me but I am sure everyone has their own strategy that works for them. Good luck.

Morning all.

I recieved an email reply late yesterday to my email to David Fraser so I wanted to provide a very brief update. I have not been made an insider, obviously hence this post, but I would like to keep it brief as I dont want to say much but I do also think that other shareholders deserve to be kept in the loop. This is my take on it.

1) They are very against short term share movement which is something I have always known and agree with to a degree; they dont want to over promote the stock which I very much like about them but I replied to say its very far away from that and probably more under promotion so they need to get the balance right.
2) They will not be releasing M2 and M4 until they have the (1) drilling complete, (2) assays back and (3) analysis complete; both are at different stages and some companies release as they go but GWMO is quite against this unless its bad news which they release as quickly as possible; it sounds like M2 is not far off and that they are analysing the data with their external consultant as required by JORC rules; he would not commit to a timetable on either but thats okay; if M2 was crap they would not be doing stage 3 IMO so I am very pleased
3) I have replied asking them to put out a general RNS update to update the market on the various different targets as I think the information could be better for us shareholders

I was pleased to get a comprehensive email from David Fraser and I am not at all concerned at the moment. I think the share price in my opinion is a result of some selling pressure and poor communications.

My experience of most people is that they can be quite stubborn so I dont think that me pushing them and saying a few things that they probably dont like has been particularly helpful to our relationship but I do think it is sensible to question people. Its something I have always done in all aspects of what I do and will continue to do so.

Kindest, Andrew

You may get a drop - impossible to say but quite possible. For me its more about a multiple gain on my investment rather than 10% but I wish you luck on the short term movement and nice to see some honesty!

I think you need to prepare for a few bad days without news - see my earlier comment about remaining placing stock.

Lets hope September is a better month and there is no reason why it wont be!

We do need news and I am hopeful that we get clarity on the overall picture very soon.

Kindest, Andrew

No worries jayster! An edit function would be useful here but with that the market abuse would be hard to hide (not by you)!!

Singh - my thoughts exactly - welcome to the world of AIM where few look at shares for more than a few months (some days which is even more worrying) - and most want to jump in when the share price is on a daily move! It is the stocks that are unloved that have delivered me the best over the years and GWMO is firmly unloved at the moment (for both good and bad reasons)!!! Just one RNS could turn this around and I expect that in the near future.

You get lots of different people on AIM. Also here.

Personally I dont like the short term traders as you can do much better on more liquid markets if thats your thing unless you like to try and promote stocks whilst selling them which happens alot more than people realise.

Obviously you get your “rampers” and “derampers” but in reality both have a financial interest just the second group claim they dont!

For me little has changed over the last few weeks in terms of why I hold but to say its died a death is a little naive of you.

AIM changes in hours and a few days is a lifetime in this market.

Eyeguy - in addition to my post a few moments ago dont forget its August - volumes reflect the fact that most are on holiday - please give me a shout via twitter DM when you can for my general GWMO research if you are interested.

Thanks - it is obvious to me that the Sanderson holding is good news - the one beneficiary of the holding, according to their companies house filings, is Jon Bellis previous boss, before he worked at Novum. Obviously this could be a complete coincidence but I dont believe for one second that Jon B has not spoken to his former boss about GWMO and if they have then bought a significant stake we can all guess what they decided.

I am hoping that we get an update from DF soon about the various different drills and I am obviously disapointed with the share price but other than the first M2 ST drill being moved 150 metres to try and get around the hard rock and a massive lack of positive sentiment nothing has changed from my perspective.

M2, M1 and M4 all have the same outlook that they had a week or so ago.

Please note we probably have one more tough week if there is no news as the last of the placing stock will either need to be paid for or sold by the middle of next week. I am buying what I can whilst we see this next week out and added both yesterday and today.

Yes the results of all 4 drills could be crap and yes they could have no other news for months but for me this is actually a much better prospect than trying to chase a riser where you will not be able to get exposure for anything more than a small profit (assuming you time / gamble it right on a very short timescale).

I wont go into AIM tactics at the moment as I think those that understand the dark side of AIM are very aware of how this has been played.

I could be totally wrong but very happy with my current view.

Kindest, Andrew

Hi Simulator

As far as I am aware they only have 1 rig at M2 ST and they have had 3 onsite between the 4 different targets during the drills this year. This is all from the RNSs.

I emailed them last week (the whole board plus the Nomad) to ask them to put out a general RNS update explaining this question and other questions.

I would imagine that they will use the other 2 rigs at M2 ST as soon as the other drills are complete which I believe should be by now but I think we need to get their confirmation before assuming it is more than 1 rig.

Hope that helps.

Kindest, Andrew

Wow - in that case worse I take my hat off to you - to have a portfolio over £150 million in property puts you in a different league to most of us - and I thought I had done quite well!

Fair play on your SOLG - it takes nerves to stay in a stock, whatever the stake, when you see an increase of a multiple and to wait for a 3,000% rise is a true master investor!

Good luck with your holdings here and your other interests!

Thanks for your comment worst - I dont get it right all the time but I am not in the slightest concerned give that we are also waiting on M2 and M4 updates whilst TD is attempted on M2 ST. I have a pretty good track record as you can see from my background and I would be interested to know what your background is. On another note perhaps an institution coming on board now with a TR1 4% may show you that I am not alone in my opinion. If you do some research on them you will see that they are better connected to AIM companies than either of us will ever be!

Lets see what happens over the next few days and weeks - it is very clear that the comments on here on Wednesday were a sick attempt by some (not you such) to add to the panic before the RNS was properly read. Some took advantage and loaded up and those that sold would have been around 25% better off if they had done nothing.

I am heading out now but I will leave you with a few facts based on my understanding of the previous RNSs:

- cash of around £2.5m with all current drilling fully funded
- M2 drilling complete and we are waiting on 4 holes to be announced (maybe with a new JORC hence the delay)
- M4 pretty much complete
- M2 ST abandoned hole 1 as could not drill through the hard rock half a kilmotre underground
- M2 ST has moved onto hole 2
- directors recently bought
- land position increased recently
- new institutional shareholder announced on Friday at 4%; join the dots as its not hard as to where their “tip” came from (clue; the director of the fund and sole beneficiary used to employ Jon Bellis who is the broker for GWMO - could be a coincidence ofcourse but equally he may have thought it was a good investment)
- finally the copper, gold, etc has been in the ground for a long time; its not going anywhere!

I’ll leave it with you but will be back online tomorrow to pick it up again.

Andrew

They have 4 different drill targets (M1, M2, M4 & M2 ST).

The 1 at M2 ST has hit issues on the 1st of 5 holes. You need to remember how remote this drilling is and also that they were trying to get to a depth greater than 500 metres where they could not get past the hard rock. So they are moving where the target is less deep at around 350 metres. A set back 100% but if you do a little research on the new large holder you will see their background and you dont have to be a forensic genius to join the dots!

Dont forget the directors bought recently, significantly in my opinion, and they increased their land position. They will know much more than they release to the market.

I appreciate what you are saying though as there are no guarantees that this 2nd hole will go well. However you are missing that M2 is complete and just waiting on results (JORC?) and M4 is either complete or pretty much complete. We are waiting on the company to confirm both via RNS.

Can I ask if you are a long term holder or do you have a short position. Or is it true that you try and trade this stock? There is no right or wrong answer as its a market at the end of the day but as I am clearly long and others have declared their financial position it would be interesting to know if you currently hold or jump in and jump out as you see fit.

Kindest, Andrew

Typo - should read “no relationship with them”.

Hi Jayster - I also agree with eueguy.

I am hoping to get an update on M2 (JORC?) and M4 very soon and it wont be long for the new M2 ST drill to get to target depth (all being well!).

Any 1 of these 3 targets could send the share price much higher so its not like we are waiting for just 1 target so that reduces the risk for me.

We are also not waiting on external things, for example government decisions, that many of these higher risk but higher reward AIM investments wait on.

The current situation reminds me very much of another share I held in 2017 which changed massively in the space of 2 months (200% increase) when the market woke up to it. Funnily enough that was roughly this time of year too.

In terms of next week I think it will come down to buying V selling if we dont get any news from the company but I am expecting to see a RNS at some point with the new investor going up from 4%. This is only based on observing the trades on Thursday and Friday. I have to relationship with them but do think they have been very smart to increase their holding this week.

I am not in the slightest worried as I follow alot of AIM shares but can see no other better short or long term opportunity. Yes the drill at M2 ST was not ideal and suggests the company could do with some more experience on that side of things but none of these small companies are perfect.

I am also fairly convinced that there have been people breaking the rules to push this lower (through social media and these boards) so if any genuine holder has been panicked into selling out I do fel for them but this is AIM so you have to be aware of that along with the standard fact that markets always over react to both good and bad news.

Lets see what the next few days bring but keep in mind its also August where things are normally quieter so the real fun may not come until after the summer in September.

Kindest, Andrew

This should generate some more interest next week, as the article a few weeks aho did. They pretty much sum up the fact that whilst the RNS was disapointing it is no big deal and they are simply trying again from a different place.

http://www.thisismoney.co.uk/money/markets/article-6047503/SMALL-CAP-MOVERS-Volcanic-activity-scuppers-Great-Western-Minings-quest-gold.html

On one good RNS this will be higher as we know we are overdue an update on M2, hopefully with a JORC, and then M4 is actually a lot more advanced than M2 ST so that could land any day. M2 ST should give us news but I estimate end of September.

I have sent another email to the board and their Nomad today to keep the pressure on and it will be obvious that they need to put a good overview out to reassure us all. I hope we will get that by RNS in the next week or two but so far they have been silent.

As the Daily Mail article says its just down to the hard rock but don’t forget that they simply could not get through the hard rock that was at significant depth.

I think we have all earned a break for the weekend and it was great to see an investor coming on board with now a 4% stake; I would put money on them announcing they hold more next week.

Enjoy your weekends all and appreciate the kind words from you all.

We have all taken a bit of stick this week but give it a few weeks and we will be the ones happy with the investment here.

Andrew

Thanks all - enjoy your weekends and lets see what next week brings!

I doubt the FCA will do anything about these horrible people but I think all the genuine investors can see through their games. I am sure fate will catch up with them at some point!

Agree - 100% - where are the team of rerampers (who I suspect may be paid) now!