Member Info for edgar222

Topped up too....showing as a sell

Aprogerson

Completely agree re third party material.

But my memory was that the time with the mill was divided 50/50 between GWMO and the partner (muletown?). And they would process their own material in their own time.

ID78

Totally agree re AProgerson. He is one of the posters that has meant I still follow BBs. I do think his numbers are a bit cautious but that is good for me!

Can I also say, from memory not double checked, the producing mill is being shared 50/50 so my understanding is that talk of 70 hours per week production going all to GWMO needs to be halved before we talk about weekend working. Am saying this out loud so someone can tell me I have that wrong (I would be delighted!)

GLA

Roger

Did that myself. Put my entire self employed persons tax bill in Aminex. Its still there and the July bill is approaching!

Have no spare cash just at the moment or I would be buying more.

Https://x.com/diamondtvzambia/status/1802418946030932039?t=E2icg0EJm00W9Fs--c8wkA&s=19

It is just wrong to say the permit is in the bag. It is not. The regulator has approved the works, the paperwork and has issued the licence SUBJECT TO a public consultation.

That public consultation relates only to the way water is moved, used and stored. The area in which GWMO operates is incredibly remote. It is not as if the processing plant is next to someone's garden. That simple fact means that public views or objections may be less likely. Even if there are public objections, the regulator themselves (NDEP) can probably deal with them because they have approved the plant.

So it is a rational conclusion to decide that although the permit is not finalised it is highly probable/very likely that the full permit will be issued eventually.

We also know timescales and if there are no public views expressed the permit will be issued in just over 3 weeks. Production will start and tiny mcap GWMO will be producing and generating income.

All of which makes the share price activity since the news broke very interesting. The volume has been enormous. Someone is taking a position. And this hiatus while we wait for the public consultation to end is the PI's opportunity, IMHO.

GWMO is an obvious buy, IMHO. Not one for the widows and orphans, still risks including operational (ie. Stuff happens/breaks). But just on production starting the mcap will go up significantly. Then we have the gold and silver proving up and the Hail Mary prospect of a copper JV.

Risk/reward very good here.

GLA

I think there might be a big seller in the background?

Those 200m trades from a few days ago. Etc.

Not that I care. 29 days to go. Tick tock.

Don't usually care but it is difficult to ignore the 200m trades (that based on price not colour look like sells).

My interest is only because of the news coming out of the NDEP at the moment. Anyone got any views?

I actually think a dip while the market finds its level is helpful and the sign of a healthy market with newcomers arriving. I want to see this pattern.

I won't repeat the fundamentals that are so well known here but this is only going one way. Up.

See the factsheet. Tentative decision to issue permit re ponds/water use.

Western Milling. Consultation period?

https://ndep.nv.gov/posts/notice-of-proposed-action-bmrr-western-milling

And 2 minutes after I typed that a 200m sell!

Chunky buys going through....

I would definitely expect a broker's update. The CPR / reserves/ resources thing is the most important (to the City) valuation update since the last CPR. We may even get new broker's interested if the valuation increases. I see the post CPR valuation as an obvious baseline. Then everyone has to value future chances. And here we are talking future chances of proving up a gas field 4 times the size of the UK reserves or (put it another way) net to Aminex the size of the UK reserves.

Never used telegram, been resisting it as have enough social media / BB type places to look. Have been considering giving up watching BBs. So much dross around. And I am only on two shares at the moment (Aminex and here). Haven't given up because for all the dross there are really knowledgeable posters around who really help.

Have been topping up various accounts with GWMO to get the average price down. Am circa .05/.06 across accounts. Happy there. Assuming licence news, got to make money from there, surely? Always been here for the numerous prospects and options and came here for Gold. But the more I read about the copper and the copper market the more interested I am in that. A copper JV with a funded larger company and the sky is the limit?

GLA

Eemew

Any further info re the draft permit comment? Was the recipt of it recent?

Lone

I haven't the time to check what you say. There were 2 targets in that drill. The lower (mystery) target which was dry in the end is what Ritson wanted the parties to go after if memory serves. The higher target struck gas not oil and Tullow announced that they were an oil company not a gas one and gave that as their official reason for withdrawing The words "not interested" were mine not theirs but that was the net effect of what they announced at the time.

Could not disagree more about the farmout being a poor deal. Did not agree at the time. Still don't agree.

People forget that AEX only had 75% by accident. Tullow gave up their share saying they were not interested in gas. So Aex' holding went from 37% to 75%. We were never able to afford a development at that level of licence holding. If anyone has any doubt about that, just look at the "back to back drills" in 2017 stalling for funds.

So in recuing our holding to 25% we, in effect, only gave up 12%. But even if that were not the case the 75% costs were unsustainable. So for the price of 12% of our licence we have Zubair in control and are fully funded. And are now moving forward.

It was always a fantastic bit of business and remains so.

Https://x.com/knights_mpr/status/1796497872835457381?s=61&t=qBcoKadtpeaziPRqZIXyxg

...is what I am still hoping for.

CH1, NT2 remedial and then other, new, targets.

But then I guess I am just greedy. After all, CH1 is targetting 8TCF, double the entire reserves of the UK.

Obviously it's been a hiding to nothing guessing timescales for Aminex but I still hope for a significant update before the AGM.

GLA