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In the 10th Jan RNS it stated NDEP has given the GWMO application a high priority.
You wouldn`t want a low priority would you. Maybe they could start applying for the leeching permit now, as who knows how long that could take.
Could to see gold approaching $2400 oz, at least we`ll get ore money when we do start producing, atb and hopefully not long now though we`ve been saying that since last August.
Junior explorers eventually have to find something, and either mine it or sell the prospect. An explorer that doesn`t do this but continues to raise funds and explore is a lifestyle company.
We have found good quantities of gold/silver in shallow ground, but nowhere has GWMO indicated this will be mined shortly/this year.
Copper won`t be mined in the next few years, it looks like we weren`t able to find a JV Partner this year, hence the fundraise. However, the more we can prove up ourselves the better terms we should be able to negotiate in the future.
We all know the Permit is pivotal, as will give us an income almost immediately. And as Chisler and apr have said gold is doing very well (and currently sitting at over $2200 per ounce - not a bad time to have some to sell)
Onwards and upwards, fingers crossed, atb to all
This RNS is a slight move forward, but the market (and shareholders) seems very nonplussed.
Besides the elusive permit I`d like to see GWMO prove up a gold/silver mine this year, ready for mining and processing next year. OMCO seems the obvious one. The tailings and other waste stuff won`t last forever, and processing other companies product will help with costs but won`t set the world alight.
As ever atb
GG7 -I`ve emailed Brian a few times and he always replies in a fairly timely manner.
Will be interesting to see what he has to say about not using SP Angel, with regards the abysmal subscription sp price I guess when you`re backs against the wall you`re fair play for a kicking (especially on AIM).
I don`t have anywhere near your holding but sincerely hope it works out for you and all LTH on here.
Maybe I`m not the only one that wakes up on a Monday morning thinking please please let the permit arrive this week
atb
17th Jan last year we had a fundraise at 0.08p, so todays was nearly half of that.
To me the interesting thing is today is very nearly all buys, so are people thinking this is a good price to get in at. Also on AIM when companies fundraise there is often an increase in price and volume as their mates/broker forward sell their new shares. We haven`t seen this, this time around. My suspicious mind is telling me the permit is due soon and they know it, allowing them to sell into a rapidly increasing SP. 1.6bn is a lot of shares to get through.
Due to extra shares in circulation new target on permit news is 0.2p
atb
I take it this also means no JV Partner for copper exploration until further analysis done.
In a way could work out slightly better for us. The more we prove up the better the terms we can negotiate.
Will the Permit turn up soon giving their mates a big bonus on their subscription!!
I think you should mention a possible fund raise, if neither permit or JV news coming reasonably quickly. That is a potential downside, but lets be positive and fingers crossed for a very profitable future.
With the current sp of 0.0475p (mid) and a market cap of £2.6m what value do people on here assign to the various aspects of the business
1. Tailings/processig plant
2.Gold/silver mining targets
3.Copper
4. Rare Earths + any other