Member Info for EyeGuy

In today- been timing my re-entry. That JV or buyout could well be close

I stand corrected. The cash burn is low but I dont bother scrutinising the accounts as expect all free cash to be spent on exploration. My point was that the price of the assets if you take cash away is low and nothing really is priced in.
Its a pre revenue explorer of course so I would like placements up the value curve as solg and marl did.

From memory November

Well they had 2.6 million quid 9 months ago plus the raise of a mill recently.
Agree it will be spent but they haven’t done yet what they said they would so would have thought a big chunk is left.
They raised only 3 months ago to expand the drilling but they as yet havent done that work.

M4 is still likely drilling. M2 likely Jorc coming up.
Not sure what you want for £4 million quid. Suspect they have £2 mill cash left.
If sharktooth hits the price will likely multi bag. Nothing released has shown the geological model to be inconsistent with what the bod think. Again. The grades of the sharktooth hole reported are largely irrelevant as it did not hit the target. But your take is posting the grades are subcommercial with no mention of the fact the drill did not penetrate into the target. Big difference

We haven’t had recent results yet. Thats being honest. ST hole is being drilled and m2 Jorc is being redone.
0.5% is fine

Singh- you make good points. Losingless and riseagain were not here 15 months ago when the sp was 0.4p and I was talking to myself. They were not trying to save anyone then. Only here now either to make money on the swings, spread betting or shorting. They are not trying to save you. I have always been balanced and said exploration comes with high risk and high reward. But am happy with the risk vs reward at this level.
I look forward to losingless’s reply as to why he can hypothesise that there is no high grade target under the caprock and where the source of the m2 mineralisation is.

Losingless- that is why folks are calling you out as a boiler room scammer pal.
The first rns which you stated as poor was this one:
http://www.lse.co.uk/share-regulatory-news.asp?shareprice=GWMO&ArticleCode=6za4rxtf&ArticleHeadline=Significant_M2_JORC_Resource_Upgrade

I remember the day well- because unlike the lost here I held about 4 million shares at circa 0.4p and I made good money over the next week. The price rose due mostly to the exploration target at sharktooth. And those grades are significant with the exploration target world class. The m2 metal is worth circa $0.5 billion in ground on that rns.
So like a lot of posters here, a lot think this is mostly about sharktooth. And the BOD believe there could be optimistically 6-700 million tonnes of 1% copper. Now you are trying to tell me that the resource does not exist because the drill did not penetrate the caprock above it. The BoD say it does exist because they believe that this is the source of the m2 mineralisation. A diagram is on the presentation and the 2.59% copper assay for m2 and end of hole alteration seems to give confidence for the geological model. Maybe you disageee and could tell us all why the high grade diorite target does not exist and where the source of the mineralisation for m2 is to be found. I await your reply.

dont think ill be giving my e-mail address out on a public forum thanks. You are defined by your actions pal. Each poster on here has a finacial agneda to be posting. And you aint a long. You may be swing trading of course so may hold some over the weekend. But you aint long

Just a quick look through all of your postings on LSE. Every post on every share is negative with predictions of a falling share price. Would you say that is the behaviour of a long term shareholder? Im curious.

So what is your position then riseagain. You said you were long but wish the sp lower. I think we all know you are telling porky pies. Why dont you just be honest and state what your position is. Swing trading, shorting, or boiler room?
It certainly aint a long pal

These folks on the board have a financial interest in the shares falling.
They are either paid per negative post, trading the swings or shorting.
They are not longs and certainly not trying to protect anyone. They are looking out for themselves.
And you can bet that what they are writing is not actually opinion either. They are statements - some false with the aim to get people to sell their shares imo.
Of course if results are poor this will fall. But on a good ST hole its multi bagging imo. Thats the risk
Seen this time and again over the years. Its exploration and it comes with high risk but high reward.

The rns explains why as you put it:
At over 500m they hit just 1.67m of 0.5% cu - That is shocking, no question.
Well. We expected that from rns 3 weeks ago. The alteration at end of hole is taken as a positive.
They have not hit what they wanted. If you want answers as to why they did not abandon the hole earlier then e-mail DF. Im astounded that anyone could expect anything commercial if the drill does not go into the diorite target.
And then you cannot deduce that the target does not exist just because the drill did not hit it.

A summary of the ST hole is- they drilled a hole.
They have found alteration at the end of hole which is stated by DF :
-The mineralogic and assay data from the bottom of M2-041 is very encouraging and a good indicator that our geological model remains valid and
- The breccia encountered in M2-041 is an indicator of hydrothermal activity in the Sharktooth zone, but forms a thick barrier to depths of at least 509 metres, preventing us from reaching the underlying diorite target.

You cannot try and negatively spin the above information to try and predict that sharktooth is sub commercial. They have not got an assay from the diorite target. Im not sure how anyone can read this differently.

Bag from here
Typo

Took some more under 0.70p. Think this will bad from here v soon.
I think thats the bottom now

Looking great ;-)

Sell way over bid now.
Took £5k at 0.6 yesterday. 1p by 9am imo

Ok losing less. I think you are wrong but gl anyway.
Happy to hold.

Losing less- read the previous rns. The hole did not hit the target because it did not drill through the caprock.
Im not sure what else you were expecting. The alteration at the end of the hole is interpreted to back up the bods belief that after the caprock there is high grade diorite.