Member Info for Damocles

Some of it had. Potentially a lot more wasn't . They had a drill that didn't work, and the money started running out. Simplistic, but it more or less sums it up.

I understand what you are saying, and I'm still a little circumspect about the prospects here myself as well. We can't turn the clock back, but the potential here has changed, and for the better. GWMO was going down the tubes not too long ago, but we now have a fighting chance of recovering our losses.

I don't expect you to agree with me, but it's not a certainty this project will now fail. I'm putting it at slightly more than 50:50 in our favour at the moment.

If you remember, the original aim of GWMO was to prove the resource, then sell it. GWMO never had any intention of becoming a producer. I agree the BOD at that time made a mess of things. The focus has now changed, to produce gold and silver and look to develop the copper with a JV.

There was a little tickle on the GWMO Twitter site a couple of days ago.

We'll all be rich beyond our wildest dreams soon. Yeeaahh.

I love the optimism, but let's just wait and see. It is possible it isn't going to be that great.

Just saying.

Can see this at 5p plus by Christmas.

Easy to write. A lot harder to justify.

Dream on.

Riseagain does have a deep hurt from somewhere. I've had my dogs as well, but I've also had my successes like MARL and SOLG.
Maybe he didn't do his research properly. He does seem to put the blame on Andrew Webley for drawing him in.

The first rule of investing in shares is very simple. Be sure you can afford to lose the money.

If you can't accept that, then don't do it. Stick your money in a savings account at a bank, and if you do invest in shares and lose, there is only one person to blame. Yourself.

In a way, you've answered your own question. You are happy the BOD have re-focused. The reason that has happened is due to new people arriving and looking at what we have with a different set of eyes. This is now effectively a new company with a new target. Forget the past, I'm in a loss here as well.

Let's put it this way. If GWMO was a recent company set up, with what we know about the BOD and the current findings coupled with the finance and soon to be revenue stream, what would you think about GWMO? I'd be putting my money in here. Would you?

No, I haven't, but then I've not been burning myself up for years as I understand and accept the risk v reward in junior start up ventures like these. I am comfortable with my holding here, and while there is still a risk, when everything we know is considered, there is a very good probability this will prove itself in a very positive way in the future. I like the fact the BOD have put the copper on the back burner and are now focusing on the gold and silver, which we will be producing in a matter of weeks.

Riseagain, there have been a number of shareholder meetings with the BOD since you invested here. Have you attended any of them to ask your serious questions face to face?

I bought in just over 3 years ago. I bought some more a few months ago for 0.1275p that brought my average down to just over 0.5p, so although it's heading in the right direction, there is still a way to go. It would be nice if that was tomorrow, but this being AIM, I won't be surprised if it moves back down.

I learned to play the Trumpet at school many decades ago. I pursed my lips, blew hot air and wonderful sounds emerged. Our school brass band was often recorded by the BBC, we were that good, but don't talk to me about Cornets.

Cornets may sound the same, but they aren't the purists choice. Cornets aren't gold coloured like Trumpets.

Trumpets are gold. Always have been, and always will be.

It's not just the gold. We also have more than a few scoops of copper to add into the equation, which is not being ignored by our BOD.

It's understandable given the new direction of the company that gold is the headline news drawing investors in, but let's remember the copper. We have more than a few thousand ounces of that to add in to the potential as well.

It is an interesting share to be involved with at the moment, with life changing potential for some on here reading their posts.

GLA, and let's see where the journey takes us.

Sum of money

As I recall they had raised £3m to fund exploration, which was regarded at the time as a more than useful some of money to fund future works. A Jorc was released which showed promising copper grades, but was later adjusted as it contained inaccuracies that made the original report look too optimistic.

After that, a series of mistakes were made, such as drilling rigs that weren't strong enough to drive through the rock, and, well, the money was spent with no progress being reported.

At that time, GWMO was concentrating on finding copper, and the focus was on proving up the resource then selling it on. There was never any intention of GWMO becoming a producer and talks had taken place with RTZ, though not in any meaningful way other than 'Yes, if you find it, we'll have a think about it'.

Traces of gold, silver, and other elements were found, but they weren't really noticed as the emphasis was on copper. Fast forward, and gold is now the focus, with the copper, which it has to be said is there and in potentially decent grades, lurking in the background.

The share price fell because GWMO wasted £3m. They never released any positive news after the retracted Jorc.

I'm a long term holder here as well. I've been here since the glory days of £3M in the bank and no progress.

It's looking good, in my humble opinion. I'm pleased I've kept my shares, and had a little top up a few months ago, but I've held shares in companies in the past that were sure fire bets, and, well, they weren't . I've also had shares that worked out very nicely. It's too early to say which direction this one will go.

It's a new BOD with focus. There may well be billions worth of gold in the ground. There may not . There may well be billions in copper. Nothing has been proved, but, yeah, I'm optimistic. It's a gamble that may, or may not, pay off.

I agree with your last sentence, that mining stocks perform better than gold prices, but we don't yet know what we have here at the moment. I think the share price reflects that. I read all the posts here and I'm quietly optimistic, but I'm not getting 'gold fever'. We may not find very much. It's a huge gamble, and even though I've staked what is for me a relatively large sum of money in this company, and I've been here four years or so now and recently added, it's a calculated risk.

I don't share your view the photographs on the GWMO twaddle page show a 'river of gold'. It's just brown earth that has been dug up. If there was that much gold the company would have been scooping it up and releasing an RNS about it, but they haven't. It would be a game changer, but nothing has been forthcoming.

No, I've seen this before, where a cast iron certainty turns to dust. I'm just being pragmatic. I think this will come good, but I'm also prepared to accept nothing of any substantial value will result. I hope I'm wrong.

Somehow, I don't think it's a serious post from Carole Baskin. Read up on the story, peeps.

No matter how much you convince yourself, it's always a gamble on Aim. This should work out OK, but then again.

Just had a top up of 500,000.

What could possibly go wrong, LOL?

I share the optimism but I'm a bit more cautious. It's been a tough call for us LTH who saw the company squander £3m to deliver nothing. I know it's now on the backburner, but the copper may still deliver here as well. Something extra and potentially significant which isn't going to be overlooked.

In the meantime, we

Wonder whats happened to our resident cheerlreader Riseagain?

He/she plus our new soothsayer Greenspan could encourage each other to new, unrivalled pits of gloom.