Member Info for asjwebley

I just posted this on ADVFN as one user was pretty annoyed - thought I would share it here for those of you that don't use that site:

Fest - I think it's worth adding three points to that though:

1) The share price all be it with low volume is holding above the placing price with 3 bidding at 1.3 and only 2 selling at 1.4
2) We all know that news is close; I expect 3 bits to be released at some point over the next few weeks but at the latest early August
3) DF did spend his annual salary on GWMO stock last week (after tax); maybe partly to make up for making a poor decision on the placing price but show me another AIM director that has done that recently where the possible company changing news is so close

I am pretty confident for the short term and much less annoyed than I was last week! Moving forward I am leaving them to run it as they see fit rather than pestering them but if we see anything bad crop up I will stick my neck out again!

It does look like the price may tick up a little based on the level 2 book - great price for those not holding to get invested - I added a few more yesterday and I am looking forward to see what news comes out next.

EUZ and GWMO have numerous similarities in terms of AIM explorers - I currently only hold here as I thought I had until much later in the year to buy a good stake there - EUZ has much greater attention to private investors but one thing I have learned from dealing with quite a few of these AIM companies is most of the directors hate the short term trading but focus more the long term direction so whilst it would be nice to have more communication which they are addressing the resource here will do the talking over the next few weeks.

I think we are all disapointed and perhaps thats why they need to communicate better. However hole 1 sounds like it is very close to target depth from the last RNS and they are drilling through something “intense” in an area that is quite remote. If they hit the expected “copper and gold-bearing diorite” then we have two “exciting” finds in this one hole so to me that is very interesting. Some figures from the last few RNSs for everyone:

17 April - start
22 April - 122 metres
23 May - 305 metres
3 July - 458 metres

12 weeks = 84 days = estimate of 60 days drilling using 10 days on & 4 days off

So an average of 7.5 metres a day which means they dont need to drill for much longer for us to see if they hit the copper and gold below the current zone in addition to the “highly anomalous hydrothermal breccia“ which is currently undergoing assay.

Sadly its just a waiting game now but the directors would not have put in the money they did last week if they were not confident.

I was thinking the same!

A few things to think about for anyone invested here:

1) The company is excited about what they have found at M2 ST; "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."
2) They are hoping to hit the "copper and gold-bearing diorite" next at M2 ST which will me massive; I think they will RNS that any day if that is hit
3) M2 JORC should be announced soon; why else would they have not released the full assays? It takes around 2 months to get a JORC so that will be any day too.
4) Large director buying / conversion of options last week
5) Last weeks placing gave them the cash for the additional holes at M2 ST so they will be drilling 5 not 3 holes

I know we have all been a bit frustrated here but show me another AIM explorer with the potential drill results within days / weeks that is also operating in a secure developed world where directors have put in as much cash in the last few weeks!

Evening

I have been out (archery with my 10 year old son) but on the drive back been thinking about shares but mainly GWMO.

I can not believe that David Fraser does not see a very good future here as even though he wont know the results on M2 or M2 ST he will know alot more than us through his site visit along with what his geologists have tokd him.

I am very relaxed about the next few weeks and beyond as he put a years salary into this last week (after tax) and the other directors also paid for options to be converted into shares.

So either he has drawn the wrong conclusions from what he knows OR he feels that the news coming out over the next few weeks will be very strong.

I see this share increasing dramatically on the next one or two RNSs and at that point the risk will be much lower too as if he has drawn the right conclusions the resources in the ground will be much clearer.

Perhaps that is why they also only raised the £1 million as he may want to raise more in the future but at a much higher price. I followed another stock recently and they raised cash only to raise again around 3 months later and 3 times the price as then their opportunity was much stronger for investors.

If this follows a similar pattern which is very possible anyone buying now will make an incredible short term return. And I will also be pretty relaxed too.

I posted earlier some ideas on what the next few RNSs may feature.

Kindest, Andrew

I agree - I think you will make a lot of money but you just need to give it a few weeks IMO. Compared to how long many of us have been waiting a few weeks is nothing.

I think the outside bet in the next few weeks that will really change the fortunes here is that they go past the current geological formation at M2 ST and hit the expected "copper and gold-bearing diorite": https://www.investegate.co.uk/great-western-mining--gwmo-/rns/operational-update-and-placing/201807030700063395T/

If they do find that AND they decide to RNS it as soon as they hit it the share price will fly. Obviously there is a risk that they won't hit it when they go past the formation that they explained as "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."

We also have the M2 ST assays that they have sent off due around the end of the month and the M2 JORC that we are waiting on too. There is still a lot to play for and I am not at all concerned to be the single largest shareholder in this company.

Looks like a quiet day as expected so far; price is around 1.31 to sell and 1.34 to buy. I am pleased that it ticked up a little on Friday late in the day and will be watching today and tomorrow to see if the stock overhang has cleared. Early signs suggest it has.

In terms of news I am looking for:

1) M2 JORC which I was expecting by now so sticking to any day on that
2) In the RNS last week they say initial drilling from M2 ST would be around the end of the month; so expecting that very early August if not before
3) I do think that if they hit a different geological formation within the next few days at M2 ST they will also announce that; if they do then that will be the RNS that will certainly cause this share to rocket!

Good luck all holders.

Investment in social e-commerce platform RNS - its UK based tech so big tick there and 0.5% for £150,000 at the pre IPO fundraise so another big tick there - great deal IMO - my 20 year background is web related & this looks excellent - well done

Thanks Quazar - appreciate that.

Worst - pretty odd comments from you. Could we stick closer to the company rather than my finances please? The only thing I will say is I have either worked for every penny I have or benefited from investment performance. Thats probably of more interest to everyone else!

Correct tame - but according to the email I have from the chairman he is not allowed to sell any until they have completed their objectives in Nevada - so whilst you can try and spin it to be negative it is not. If any directors start to sell any shares before significant progress has been announced you can take that as a massive warning sign but until then I think we have to take it as a very good sign. They did not need to exercise the options and if he thought the shares would go lower he would not also have bought on Wednesday!

Maybe its the realisation that they have a loyal PI base (when I invest in AIM companies its one of the things I look for) and although I own a god chunk of shares until I started try to get get support I did not know how manay fantastic and passionate shareholders GWMO had. I am hoping that they now realise us shareholders are the owners of the company and they need to keep that in mind. Hopefuly they will now keep this in mind and continue driving things forward whilst at the same time communicating better with the investors. They would not have put so much money into the company this week had they not believed so thats good enough for me. A good result.

Do you mean the directors OR the shares in the placing? Agree with you partly if you mean placing stock, some could be sold or kept and its only the qty after the shares are issued at the end of July that dictates if a TR1 is needed. I will stick my neck out again and say back to 1.5 pence easily this week!

Morning all

I posted something about the amount of shares David Fraser bought last week but when questioned by someone on Twitter about it my maths I was a little out and it did not really do him full justice. Here's the correct maths:

*) Annual Salary = 75,330 Euros = £66,636
*) Shares bought on Wednesday = 2,000,000 @ 1.3 pence = £26,000
*) Shares bought by exercising options on Friday = 2,666,667 @ 0.5 pence (granted in Jan 2017) = £13,333.34
*) Total = approx £40,000 shares bought versus an annual salary after tax of £47,000

So he has actually committed more than I suggested to the company if you look at this as a percentage of his annual salary. In my estimate, now knowing anything about his financial interests away from the company, he is pretty much working full time only for stock for a year which has got to be a massive show of support. This is also ignoring the other directors who have also committed cash to the stock on Friday.

Let's see what next week brings but I am very much looking forward to the next few announcements as David Fraser and the other directors did not need to buy stock / cash in options last week and whilst they can't know the full results they clearly know more than all of us and I don't believe they would have parted with the amount of money they have relative to annual salary if they did not expect some very good news.

I also have an email from the chairman saying "Until we have fully achieved our objectives I would not expect any board member to sell a single share...." So that should tell you something too.

Let's see what the stock supply looks like this coming week as Fridays late tick up suggested that we were about to move upwards. As you know I felt the placing price was too low but I bought some more last week on the market in addition to buying stock in the placing.

We have been waiting a long time to hear about ST and also the M2 results where we got the initial assays 2 months ago. It's only a few weeks until we find out and I can't wait!

Hi Scott - I agree with your comments - David Fraser would not have spent roughly half a years pre tax salary on shares and options last week if he did not think that this company was going to be successful. Also the other directors would not have cashed some options for shares if they did not believe. I am very supportive of this and I hope that they continue to buy stock as they are allowed and as appropriate. I see this getting back on track next week to 1.5 pence + and was encouraged by the late tick up on Friday. Maybe the stock from the placing went to a better home that I thought before or maybe behind the scenes they have been trying to explain the investment case more?

I see the RNS today as very positive - the directors are not allowed to sell (according to an email I had from the chairman this week) so they would not buy if they did not want to. They could have kept the options until they wanted to sell. I have just sent around an update which I will paste below but I am going to be less vocal moving forward as whilst I feel I have made my point this week I think it is much better for the company if I leave them to it. Kindest, Andrew

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Good afternoon

Thank you for the support you have offered this week.

I have decided that the best thing for the company (which I am a shareholder of not part of in any way other than that) and also for me is to be quiet and leave them to keep doing the job that they are doing.

Clearly I have been very disappointed with the placing but I have never questioned the job the board is doing away from investor relations and the placing and I am actually fairly optimistic about the shorter term future.

I can’t see any positives coming from me trying to force a position on the board as it is not the way to start a good working relationship.

As such I will not be shouting anymore and leave them to what they are doing and hope that it works out well.

I will keep my shares as they are as there is no reason for me to sell at the current price with the expected near term news. That’s just my opinion of course.

Thank you again for all your kind comments and support and sorry if I have messed any of you around – that was not my intention.

Kindest, Andrew

Thats a very good point - certainly something that I will consider. I would imagine that the EGM would be in Ireland as technically GWMO is an Irish company and thats where they hold the AGMs. I have a number of shareholders supporting this based in Ireland so I would hope they maybe able to attend in person but clearly most UK based shareholders wont attend. All I can do is once the meeting is organised to try and get as many votes as possible and ask people who are able to attend to show up. I will also try and establish this prior to the meeting so its as level a playing field as they will allow! I will give this my best effort.

Hi Pedro I am trying to get a EGM with a single resolution which is to make me a director responsible for investor communications and how the company deals with the market. We need to be careful about the amount as I need to stay below 30% but please do support this notion if you think it is in the best interests of the shareholders and the company. As soon as the EGM is arranged I will be proving people with details of how they can vote and every vote counts so we need everyone to cast their vote. Normally with these company votes no one bothers but we will be successful if people do vote. I will keep you and everyone else updated through these boards and social media and thanks again. Andrew

‪Thanks to everyone supporting my EGM resolution - we have a solid amount of support but please can I ask for no new pledges as we need to stay below 30% of the share capital for legal reasons - your support is very important so I will keep you all updated as best I can.‬

Thank you riseagain - I can only try my best! Let's see.