The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
They cannot raise capital at less than the nominal value of the shares i.e 1p
They will need to capital reorganise!
Its a WIN WIN situation, Your broker makes money, the Market Makers makes money... and the poor punter who has bought GWMO at 0.67 who has put a 20% stop loss (a market order that the Market Maker can see) has LOST!
Greengrass7 probable correct on - Market Manipulation - My guess too!
Market Makers are no different, they want to Buy low and sell high, or Sell high and buy low -Thats my guess on this occasion
Last week on a day of VERY high volume they were 80% of Buys to 20% of Sells (I know this these figures never accurate) so the Market Makers were short of stock to deliver.
They have closed relationships with all the brokers that hold our share in Nominee accounts.
Lets say Blogsink Nominee (my made up name) holds 5% of GWMO in their Nominee Accounts.
Quick call to Blogsink Nominee..we are running short of XXXX Shares in Great Western Mining to deliver to new buyers, can you lend us XXXX for 3% and we will return them in XX days. No problem Sir!
A couple of days later, the demand for Great Western shares have diminished as all the buyers in GWMO have bought and volumes have dropped. The MM drop the price on Low Volume... Yesterday -16% on 10 million sells..thats a £6K and GWMO loses in its market cap at least £500 000.
The price continues to drop and with a large spread (to scare buyers) until they have their filled their shortfall...so shares sold SHORT to buyers at 0.067 and repuchased much lower! HAPPY DAYS!
Quick call back to Blogsink Nominee “thank you sir, we are ready to return your loan shares we will be in touch soon should we need any further loans”...find enclosed your 3%.
To prevent this Market Manipulation we can all put a limit SELL on our shares.. at say 3p. This is now a market order and our Nominee shares can not be loaned out!
Its got easy to Manipulation with Nominee Accounts - The good olds days of Share Certificates!
Thank You Aprogerson..Now that's a great and informative post rather than some incoherent crap from that poster who posts like a martian from the moon!
My main reason I am invested in GWMO
I am excited about the mill and the company been cash generative ....but it’s NOT the reason I have invested.
The real reason:-
The massive copper find reported in November 2023 to add to their previous JORG.
The High grade gold and silver finds.
The Rare Earth minerals.
The copper could be MASSIVE and the company maker as Brian Hall indicated in the presentation....
...a lot of exciting to come in 2024...Happy New year to all holders.
28jaczar01
Each party has their own ore and is processed separately ...Cost are shared 50/50. Check out this paragraph from the pdf link you have posted...
Each partner has its own raw material available for processing which will be batch-processed and not commingled, except where the JV itself decides to buy in third party material and process it jointly. The JV will be a profit centre and earn a throughput fee from whoever owns the material being processed.
So your calculations are incorrect.
Goingtonoonufo
You say march..the company say
"Once the project is ready to start operations, anticipated before the end of the year,"
We shall wait and see who is right....
CALGACUS
You are not properly informed and posting INCORRECT INFORMATION!
Concrete POUR COMPLETED IN SEPTEMBER....READ the RNS
12 September 2023
GREAT WESTERN MINING CORPORATION PLC
("Great Western", "GWM" or the "Company")
MILL SITE PROGRESS
Great Western Mining Corporation PLC (AIM - GWMO, Euronext Growth - 8GW), which is exploring and developing gold, silver and copper targets in Nevada announces that a final concrete pour on the Western Milling LLC joint venture's mill site at Sodaville in Mineral County was completed over the past weekend after a number of weather and supply-related delays. The mill site is now ready for the installation of pre-prepared equipment. Timing of production start-up for gold and silver concentrates, initially via gravity separation, will depend on receipt of consent from the state environmental authority. Further updates will be provided when appropriate.
Your Quote "Increasingly my impression is that it's a lifestyle company" How can you say that when the Chairman has invested his whole salary last year buying shares in the company? HOW?
Setanta1......We have a new chairman and a new direction/future, what has happened in the past is the PAST!. You cannot look back as a investor..we look forward. I see a very bright future and hold 1% of the company!
Bought in today (about 40K)...Bargain with the Indian refund of $1Billion shortly...about 85% of the market cap about to come back to shareholders in a special divi and share buyback. Oil prices on the rise too.
Interesting that no one has picked up this from the recent RNS
14 February 2022
Eurasia Mining Plc
Christian Schaffalitzky, Executive Chairman of Eurasia commented: “The Directors are pleased that our structuring is approaching completion, as we work hard with "DLA PIPER AND OUR OTHER LEGAL ADVISERS."
It looks like UBS's job (Major M&A Bank Advisor) has been done and there is no mention of them like in the previous RNS....
28 October 2021
Eurasia Mining Plc
Potential Sale Update
It is the Board’s intention to advance several options with advice from UBS, DLA Piper and other advisers.
Dangerous time to be trading in and out as it looks like the Sale RNS is due any day and will result in an instant rerate by the MM to the offer price. IMHO
Fr Jack Hackett. Your posts are very interesting, and you could be correct with a consortium purchase...hence the complex process and time delays dealing with multiple parties.
A few punters 'short' here will have a "Liquidity Event" from their rear end.."Shortly"
Really STRANGE Price reaction....If another company on AIM had announced that they had acquired/discovered 80 million ounces of Platinum equivalent ...The reaction would have been at least a 100% rise.
EUA has 180Million ounces. How many majors mining companies have these numbers????
GGP have about 8 million ounces and have the same market cap as EUA
Stock
We really don't care about your other holdings or your Twitter feed!
Hi Ian
Can I update my sale price on Eurasia please from £1.39 to £2.95. Thank You
Brilliant RNS on Friday....Excited for the faithful Eua supporters.
Thank You for your sterling job on this BB
Hi Ian
Put me down for sept 9th for major RNS
......and a final bid price of $4 billion or £1.43p
Thank for all your hard work.
Put me down for 9th Sep
and a T/O price of 1.42p ( 4 Billion )
Thanks for ALL your efforts!
Aandi
That’s great work...I think Tharisa basket for PMG is around $2200 per ounce. From your estimation I think Eurasia’s will be around $2400. Please correct me .?
Aandi
Great work. Are you able to estimate our PGM Basket value?
I know that’s asking a lot
Thanks again...Great work