Member Info for Damocles

I had shares in another gold mining company around the same time that also had a reverse takeover. I now own 9,500 or so shares in the new company, whereas before I had around a million. My percentage ownership of the new company is more or less the same. The number of shares was reduced, but the price per share increased, and I'm very happy with that.

In my mind that is is a consolidation.

There is no way I will ever look at this company in the same light. My overall percentage ownership here has fallen off the scale to the extent my 46 shares don't mean anything. I couldn't give a stuff what happens with Sosandar, but I have high hopes the other company will deliver.

This is a dilution, the other company is a consolidation.

The dilution was savage. I didn't have many shares, just 200,000. I now have 46 I think, too few to be bothered about and not enough to sell.

By that measure you also won't have many.

As for what happened, I refer to my previous reply.

It was indeed Oregen Gold, a lifestyle company if ever there was one. The directors paid themselves handsomely for doing absolutely nothing other than raise more funds when the cash in the bank was running low and carry on with their £150,000 a year lifestyles.

The reverse takeover by Sosandar completed in November 2017, and I'm still not convinced this isn't more of the same, but that's just my opinion.

I'm in a similar position regarding break even price. I am optimistic now so I expect that point to be reached and it may occur relatively quickly. We shall see.

On a plus side, we can now expect dividend payments which will help. I am sure that over time we will reap the rewards.

AW bought an extra 20m or so shares recently and now has approx. 75m in total. The was an RNS statement confirming this.

It's been very civilised on here these last few months. That is definitely going to change in the near future, so I'd like to say a big thankyou to Ismalia and Fortitude for your insightful posts.

This is going to be a surprisingly good share, and I share your optimism.

Before the herd of gloom and doom mongers arrive in their droves, I just want to say I never thought when SMA was in the doldrums it would turn out so well.

We have a good future.

Thanks for the reply. I wasn't sure.

Merry Christmas to you

317 pages. I didn't realise it was that many. Maybe I wouldn't have read it had I known.

It's a much better prospect than it was when it was in the doldrums as SMA of course, and it has moved on significantly since those days. We can expect a dividend next year, but it does seem an odd collection of parts.

We'll have a group of gastro pubs and hotels, a car dealer, a coffee company, a property portfolio, and a green and ethical straw and cup manufacturer. It's definitely a mixed bag.

Like you Fortitude, I've been here more than a few years, and I can't remember their name now, but we retained a stake in a gold prospector when the reverse takeover took place. Is that still on the list or has it been sold on? I can't remember and if it was in the prospectus I missed it. Maybe it doesn't matter now anyway.

My thoughts are I'll now start to see a return on my investment. Whether I'll breakeven is a mute point and remains to be seen, but I have a tinge of hope on that score. It depends on how many years I have left to live, LOL.

It's definitely onwards and upwards as the saying goes, so let's see where we end up.

Life is full of surprises, and this may join the list.

GLA.

It's quite diverse.

I've seen it all before, bonanza grades found and nothing of substance elsewhere.

I'm being pragmatic. Sure, there is gold in them thar hills, just as there is copper and silver, but it's way to early to start thinking this is a sure fire winner.

GWMO is more or less on it's knees financially, and nothing has been found of any great substance other than one or two samples. The rest of it is rubbish and there is absolutely nothing at the moment to suggest anything otherwise.

A few old gold mines that were abandoned decades ago are being investigated. The fact they were abandoned should give some clue regarding the potential of what is to be found.

I want this to come good as much as everyone else, but I've not read any RNS that has me thinking this is a winner.

Three years ago, GWMO had potential, and with £3m in the bank, I thought it would come good. It hasn't and they're just clutching at straws at the moment.

I'll be more than happy to be proved wrong, but I'll be amazed if all those abandoned gold mines produce anything other than nothing worth bothering with, and as for the copper, well, the prospects are even worse.

Yeah, it's there, but there isn't enough of it.

I've learned the hard way over the years. A few bonanza grades in a sea of mediocrity hasn't produced anything commercially viable. Ever.

I've not read anything in any RNS here that changes my opinion. Yes, a few bits of rock or soil have been found with some gold, but I could probably go into the mountains of Wales or Scotland and find the same grades occasionally.

Like I said, I hope this comes good, as I do after all have a few bob invested here, but I don't on balance see anything to get excited about.

Hopefully we will be surprised and reap the rewards, but I'm not expecting it. The grades are just not good enough as reported at moment.

Let's not get gold fever here.

I mean it. There is nothing to suggest this company has found anything significant. The odd rock here or there on the surface has some gold, but there are swathes of nothing of any note between them.

I would love it if they released an RNS of world shattering proportions, of course I would, but realistically, it's not going to happen.

Look through the past RNS findings, and there is nothing in any of them to suggest gold is going to be found in any great quantity, and let's bear in mind they are also rapidly running out of money.

Wherever they have drilled, traces of gold have been found,and so has bit of silver, but that is all.

Traces. A little bit here or there.

Do you mean 0.74p? I've been here for over three years now and the highest I can remember was slightly over 2p for a short time.

I have to agree with you. This company has wasted nearly £3m and is no further forward than it was 2 years ago and a cash injection of£300K isn't much. It will allow a limited scratch around that may indicate something of interest regarding grades, but that will be as far as it will go. As you say, there will be another dilution if, and it is an if, anything of interest is found.

Past performance doesn't inspire confidence, and I don't expect that to change.

I still have my shares which I bought 3 years ago when the prospects looked very promising. Those prospects have evaporated now. This is just another AIM company going nowhere.

There is no chance £300,000 is going to make this company anything. It's the way it is.

The problem I had with you riseagain, was that at times it was very obvious from the varying standards of written English there were a number of different users of your name.

You had an opinion but it smacked of desperation. It came across as deramping, not just to me, but many others as well. With multiple users putting a negative spin on everything day in, day out under the same name, to be fair, there wasn't any chance those posts were ever going to be considered any other way.

Well, not a lot as it happens.

This is just my take on things, but the copper we have found is not enough to be viable for a producer.

We've found a few rocks with some gold and silver in them, but they were few and far between.

It's over two years now since we had a major cash injection. That money has now largely been spent and we are in more or less the same position as we were when the money was raised. None the wiser in other words.

Numerous underground surveys have been carried out that indicate great potential, but we've yet to see that potential realised in the results. It's possible there are profitable levels of minerals in the ground, but there is no proof of that at the moment, and we are rapidly running out of money.

We will need a cash injection at some point in the near future, but will the results we have convince anyone to put their hand in their pocket?

I don't know, maybe it will, but as I see it at the moment, with the BOD scrabbling around trying to find a few veins of gold or silver to concentrate on and forsaking the copper which hasn't been found in any meaningful quantity, it doesn't look good.

I've been here a couple of years now, and although it's been slow, I expect news will accelerate over the coming months. I'm still positive.

There have been a number of large sales over the last couple of days which don't make much sense. Is there a shorter in the pack?

It's possible.

Let's see how much red is on the screen this morning. I think they may be getting desperate, LOL.

I've never understood the impatience of some people putting their money into junior explorers who seemingly expect results to go favourably within a few weeks.

This is going to take years, literally, to realise it's potential.

If you study the geology reports and understand the geophysics involved in this project, and that is readily available on GWMO's website, then why should there be a panic about a few weeks here or there when there are no reports.

The stuff in the ground isn't going to dissolve, is it?

It's still there, and if it takes a while to prove up, then so be it. GWMO doesn't have masses of money to throw at this. It's one step at a time.

So, riseagain, you will remember the doubts lots of investors had a few years ago about the credentials of their BOD.

I remember it well. A not too chequered history of failure. Nick Mather was, by all accounts, nothing more than a shyster, so they said, who set up junior explorers with nothing more on his mind than paying himself a fat salary while fleecing the investors of their hard earned cash. He had history, and Solg was the same. A sham. An elaborate con trick. Nothing more and nothing less.

I didn't believe it then. and I certainly don't believe it now, and do you know why?

It's very simple. It didn't matter a single jot what those erudite pseudo psychologists said about the calibre of the management team because they forgot, while they were complaining and moaning and gnashing their teeth, nothing came out of the drilling programme to suggest there would be anything other than a successful find.

I kept my holding because it was very transparant their agenda had nothing to do with simple geology. It's the same here.

It's the stuff in the ground that counts. Carry on dissing the management team here all you like, just like they did with solg a while back, and with marl as well in their early days. You are all the same, but you have no influence whatsoever on the one thing that matters the most.

Nick Mather is now running a wrll oiled machine, you say. People like you were saying he was nothing more than a well paid conman not too long ago. It didn't matter what they said, did it?

I've been invested in Solg for years, and while they have found a monster of a resource, it has taken years and tens of millions of pounds to fund their exploration.

There is currently nothing to suggest GWMO is anything less other than your pessimism.

It's worth remembering, not that you can as you probably have no investment in Solg, that it, too, was in the doldrums for years before the market took notice. It bumbled along for years getting nowhere with the usual soothsayers such as yourself in close attendance. I'll be very happy if it climbs by the percentage you say. I doubt it will, but there are a lot of similarities between Solg in it's early days and GWMO.

I'm more than happy to wait as long here as I have with Solg.

It looks OK to me. The fundamentals haven't changed. Yeah, it's a bit quiet at the moment, but that will change when the news starts arriving.

The copper hasn't just dissolved has it?

With some patience your gloom will finally be extinguished.