Member Info for asjwebley

Just trying to be balanced and honest.

There is always a risk with any share and I think there is a very small chance the results we are waiting for will be poor.

I don't see that happening and if I did I would position myself accordingly.

I also don't see any AIM share with so much short along with longer term potential and you do have to be invested if you want the chance of a gain. Shares like this come along very infrequently IMO.

Waiting until the RNS lands is not a strategy I would go for as then you wont get in for the rise unless you manage to get very lucky with your timing.

For me I would suggest a 5% chance of a poor RNS and then a 95% chance of a good or better. I have no idea of how to split the 95% into good or great before anyone asks!

I also think that we all need to remember that these shares need to be held for several months or more to get a real gain as short term trading AIM shares is very hard and you would be better off looking at other instruments if thats your timeframe.

Did not mean to panic anyone, just trying to be honest which is what I always try to do.

I 100% disagree a bit like I did with one of your buddys 6 months or so ago - and I was right then. What will happen is one of the following:

1) news will come and be okay or better - the share price will increase dramatically somewhere past 2 pence (no idea by how much but I believe it will be a £20m+ MC company within weeks - thats 3p+).
2) news will come and it will disapoint if they have found nothing of value - I believe that to be unlikely based on directors buying, land increase, wording in RNSs and what I can see from the areas geology - here you will probably see it drop to around 1p and possibly lower - I believe this to be very unlikely.

Not at all - and you? When this “rises” as I expect it to shortly it maybe wise to review your position “again”. I have seen a lot of investors frustrated with shares they are “invested” in and from an external perspective I wonder why bother!

Art - that's exactly what they are announcing any day. But only for the first hole. From the RNS: "The last 10 metres of drill hole M2-041, besides intersecting numerous large vugs and voids from one to several feet in width, has been characterised by even more intense, multiple quartz and quartz-magnetite breccia, banding, and flooding than intervals above. The intensely altered and mineralised core from 1050 to 1480 feet (320-450 metres) is currently undergoing assay, with the results expected around the end of the month." So we will have copper / gold / etc grades from around 130 metres of core from the diamond core drilling coming back very soon. I hope they will also give more info about how M2 ST is progressing at the same time as there are other things I would like to know.

Bishop - I think it's too soon to know really. After the M2 ST initial assays we will know if we are onto somethig big but there is still a lot of work to do to understand the area fully. I think if they are positive though it will be enough to give everyone some confidence that GWMO are onto something massive.

Check out the video from DF around the same time - you can watch it here: https://www.smartercapital.co.uk/blog/stock-watch-great-western-mining-gwmo/

Key thing is he talks about a range so I have worked on the bottom of the range as the top is a bit mind blowing!!

Exactly - I don't know of any other smaller AIM company operating in a safe area with company changing news days away with so much potential upside. Investing in AIM comes with risk but for me the risk V reward potential here is something that I don't think I have ever seen before and probably won't see again - with everything considered.

I agree - but for me it's a case of see what the next RNS says as if it does look good this could easily go much higher - it will depend on what the next RNS says but I can see the investment case changing considerably. Also if they figures are good this will immediately be a take over target and I will probably even push for that as I own almost 10% of the equity.

Assuming that this next RNS shows some promising initial assays for ST which is most likely the largest zone that they have that is not months away from having some solid numbers known (they have some targets that they have not even started to explore which look good) the numbers are pretty impressive and that's why I can see this becoming a £20m+ MC stock within weeks (3p+ SP) - if you are not fully up to speed wit the story take a look at the notes I wrote a few weeks ago as the ST potential is truly amazing: https://www.smartercapital.co.uk/blog/stock-watch-great-western-mining-gwmo/

Can I double check you said you bought 25 million shares in the placing? So that was 300,000 GBP that you invested as part of the placing? I hold some quite big AIM positions and fair play to you as that would mean you were single handily covering over 10% of the cash raised in the placing! Kindest, Andrew

Careful with your shares - you can sell 2m shares online at above mid (1.385) - so it does not take a genius to work out what that means! It has not been this strong for months.

I just added a very small number at 1.4 - I could do do it online and it had to go through as a NT which I don't think I have seen for quite some time with GWMO - so shares are needed - 100%. Hope we are now turning as the future does look very good here.

Afternoon all - nice to see it tick up a little today as we wait for the next RNS - I am expecting to hear this week although you can never tell - I don't believe anything other than very poor M2 ST initial assays is priced in so as I am expecting a solid RNS I see this having a very good day soon - the next few months should be when GWMO finally gets it's rerate towards a 20 to 30 million market cap (that's 3 to 4.5 p share price). I will be happy with that for starters. Andrew

From the RNS dated 3rd July:

"Drill hole M2-041 is currently at 1,503 feet (458 metres). The last 200 feet (61 metres) of this vertical drill hole has intercepted intense hydrothermal alteration and mineralisation at the projected base of the M2-Sharktooth Dunlap caprock. The unexpectedly thick alteration and mineralisation, in the form of multiply-silicified, quartz-magnetite, hydrothermal breccia, appears to have taken the place of, or is very likely above, the copper and gold-bearing diorite. Drilling will continue through the hydrothermal breccia and is expected to then encounter the mineralised diorite intrusive.

The last 10 metres of drill hole M2-041, besides intersecting numerous large vugs and voids from one to several feet in width, has been characterised by even more intense, multiple quartz and quartz-magnetite breccia, banding, and flooding than intervals above. The intensely altered and mineralised core from 1050 to 1480 feet (320-450 metres) is currently undergoing assay, with the results expected around the end of the month."

And then at the end of the RNS:

"We are very excited by the discovery of the highly anomalous hydrothermal breccia at M2. Our geological team are very encouraged by observations made during core logging."

So my understanding is they have found 1 formation that they are excited about and also not expecting. Then there is the possibility that there will be a 2nd formation that they were expecting but had not yet hit. The additional drilling announced in this same RNS was to expand on this first formation and get a better understanding of it.

Hope that helps? Andrew

It just comes down to the fact that GWMO have been a little poor about shouting about their story and then a lot of AIM companies that shout also pay a lot to people to promote their stock - I do invest in companies like that from time to time but it's a very different investment to something like this. With GWMO I am happy to let the RNSs do the talking and can't wait to see what these initial M2 ST assays show and then I hope that will encourage the crowd to jump on board for the future. Markets are driven by sentiment more than fundamentals or potential in my opinion.

Morning all

Let's hope we get some kind of an update about the M2 ST drilling this week. My thoughts are:

1) We have been told they will get the initial assays around the end of July so this week is reasonable to get an update
2) The last RNS was very upbeat (the land one)
3) They would not have bought more land or had the director buys if they did not believe
4) In fairness that grades to date have been okay and a good sign of what ST could hold (with that being the suspected source of the mineralization) but nothing like what ST could show us
5) We do also need to understand what the company plans to do in the future so over the next month or two I would like some communication on that front
6) We know 100% that they have found something in the first M2 ST hole and that they may also find what they expected after this zone so that would make 2 discoveries in one hole but it's just the initial assays which could be gold, copper, silver or anything else that we are waiting on

Investing in an AIM explorer especially when they operate in such a remote location and are trying to do all this on a limited budget is never easy but in terms of capital growth it does offer an opportunity that you will struggle to get anywhere else.

Let's see what this week brings.

Kindest, Andrew

I had an email from a very nice GWMO shareholder and wanted to share my response with you all:

Good question! I am keen to know what these initial assays from M2 ST show us as if they are good or better it will truly be a turning point for the share price.

I also want to know if they have finished the drilling on the first hole, with what has been found, and then given its probably about 3 months for this hole how they plan to drill the other 4 at M2 ST before the weather kicks in which is a little before Christmas. I suspect they will be using an additional rig.

However I am also keen to know how M2 JORC is progressing if they are sorting that. Also what M4 is looking like. Not that interested in M1. And then also what the wider strategy is in terms of recruitment and the next 12 months of drilling will be.

I am not concerned that we did not get the RNS last week but if we don't have it by next weekend will start to get a little twitchy as that will have given them around 2 weeks from the end of July which fits the timescales we have been told. Even if its another week from that in the grand-scale its okay.

It is very difficult waiting on all these things but its the game we play and if the share price is much higher at the end of the year I am sure we will all feel quite pleased.

This next RNS is critical in my view. I will post this reply on LSE as I know lots of people read it and I think its fair to share this with the other investors.

Kindest, Andrew

Afternoon all.

1) Pretty sure its not a TR1 holder (I think its just me who owns that much stock and I dont plan on selling until we are much higher)
2) As we are waiting on the M2 ST initial assays I thought holding ground today was okay actually
3) Sure we will get the RNS next week as I expected it this or next week and this week has just passed

Enjoy your weekends and I look foreard to next week.

Kindest, Andrew

A kind offer but no thank you - if you change your mind please let me know - will give you the benefit of the doubt that you hold any shares! Have a nice day.

Thank you for answering - how long have you held? Can I ask why you stay invested as you dont seem that positive about the company? I have been in a position before where I have held a stock for years which I loved from a potential but sold up and moved on for a better home for my capital. Its hard to do but often wise! Perhaps we could organise me taking the shares off your hands to avoid the spread if thats of interest to you?

Only a small bit of news but I think that this is one to accumulate if you believe that the various different investments could offer some interesting news of the next year or two which is very much my opinion. I am looking to add over the next month on any price weakness.