Member Info for mcadder

Bit of light entertainment of a crazy gold miner with funny goings on underground lol

https://youtu.be/KL-TfsUmhYo

There. Changed my opinion to show "Strong buy"

We know they are targeting up to 1.5 million ounces of gold over their target areas. Just imagine if the drilling turns up a few pleasant surprises along the way and we find out there's more gold and silver down there than initially thought?

William Cooper - impressive background. Previously exploration geologist with Barrick Gold in Australia! This company is going places, 2021 will be a game changer for Great Western!

"Formerly Senior Geologist - Resources & Mining at consultants CSA Global in the UK.
Earlier in his career, exploration geologist with Barrick Gold Australia, mine geologist with Kalgoorlie Consolidated Gold Mines and a Project Geologist for Focus Minerals Ltd.
Specific expertise in gold and copper"

Gold, Silver Rise on 'Inflation Outlook', Platinum Tests 6-Year High Amid PGM Stockpiling
Tuesday, 2/09/2021 13:53
GOLD, SILVER and PLATINUM prices all rose again in Asia and London trading on Tuesday, gaining as US bond yields retreated, as did the Dollar, while inflation expectations held near their highest since 2014.

Gold and silver prices hit 1-week highs above $1845 and $27.50 per ounce respectively while platinum came within $5 of a 6-year high at $1192, with other platinum-group metals also rising yet further.

"[New US Treasury Secretary] Yellen talking about full employment by 2022 with $2 trillion in stimulus is driving the likelihood of a surge in inflation, which is good for gold," reckons said Tai Wong at Canadian finance group BMO.

I think you are the one and only person to make an issue out of this. I would have thought the answer is obvious.
The company will have forwarded a copy of the letter to all brokers that hold shares on behalf of all of us and asked them to forward on a copy of the letter to all current shareholders.
It is the brokers that know our personal details in which to forward the letters onto NOT Great Western!!
Surely the issue is about making sure as many shareholders as possible get to know about this in time so that they can vote one way or another if they wish?

"Must be getting desperate for votes"

He's cynical because after voting against the resolutions last week with his 50 votes they now realise that the upcoming resolutions will get voted through. Total a##hoole

Mining News
China keeps burning through its gold reserves fastest in the world - report
Vladimir Basov Vladimir Basov
Friday February 05, 2021 15:28

"Australia boasts the world’s largest endowment of gold reserves (10,000 tonnes), followed by Russia (7,500 tonnes), USA (3,000 tonnes), South Africa (2,700 tonnes) and Peru (2,700 tonnes)."

"China is the top gold producer with 380 tonnes of yellow metal mined in 2020."

"At the same time, China is facing a rapid depletion of its current estimated domestic gold mineral reserves. Reserves-to-production (R/P) ratio that represents the “burn rate” of proven reserves of mineral commodities when applying current levels of domestic mine production shows that China is in the “red zone” for future supplies of yellow metal."

"In fact, China is burning through its mine gold reserves fastest in the world."

Nevada seeing surge in demand for silver, sparked by social media interest in investing
by Lauren Clark
Saturday, February 6th 2021

The Silver State is seeing demand for the precious metal.

LAS VEGAS (KSNV) —
Owner of Max Pawn Michael Mack says it caught him by surprise.

"Saturday when we opened, there was a small line outside waiting for us to open," said Mack. "Then we sold all our silver, and we were like, wait a second, something is going on here."

It's the same story across town at Gold and Silver Pawn says general manager Andy Zimmerman.

"Last weekend essentially almost all of our silver was bought out of the store," Zimmerman said.

A reflection of the silver market soaring to an eight-year high in this past Monday.

Experts believe it was driven, at least in part, by investors on Reddit forums, looking for the next big score after the Gamestop stock surge.

Good thing we're hoping to ramp up gold/silver production then....

Tweet from....
Great Western Mining
@mining_great
32m ago
Please do not forget to vote!

It’s getting to the critical stage with the 17th Feb EGM vote because nominees won't accept instructions much past next Tuesday. So we urgently ask shareholders to vote/ instruct nominees to vote ahead of the critical EGM. Don't delay. Do it today!

Gentle reminder from the company re the upcoming EGM. Anyone that is yet to vote in favour of the resolutions and in particular in favour of the move from the Crest to Euroclear settlement system needs to get their vote in by Tues.
The majority of shareholders will already have done so but this is the final reminder for the minority that yet haven't as they all count!

Agree re you're observation of ggp and potential here of £100 mcap in time.
If they are very successful in their 2021 drilling campaign, ramp up production and generate interest in our copper resource then £50-£60M mcap is not out of the question this year.

As per my post yesterday I think any overhang has gone. Great news I think I'll add a few more today...

Nice 6.3M buy at 15.57 this afternoon popping up at 0.24p. I noticed that near close today MM's were offering 0.232p to sell, perhaps a sign that any overhang of shares is disappearing?

"double bagging" ?

Isn't that something you do with you're shopping? lol

Absolutely spot on my thoughts here exactly! We're already in Feb so not long to wait for commencement of drilling!

Agree this has multi bagger written all over it however I don't think you'll have to wait 3 months for that!

Global gold output to rise 5.5% in 2021 – report
MINING.com Editor | February 1, 2021 | 11:14 am

After declining in 2019, global gold production was adversely affected by the covid-19 pandemic during 2020, while the suspension of expansion works and contractions from mines nearing closure also exacerbated the decline. Overall output in 2020 was estimated to have declined by 5.2% to 108 million ounces (moz), according to UK-based analytics company GlobalData.

This year, however, total production is expected to bounce back and increase by 5.5% to 113.9moz and then grow to 124.1moz by 2024 – a 2.9% compound annual growth rate (CAGR).

Indonesia, Peru and the US will be the key contributors to this growth, GlobalData says.

6.8% up. Not too shabby. Go on Brian just give us a little sneak preview of the doré bar lol

Took some off the table last week at 2.7-2.8p but still hold a reasonable amount here. Surprised by the drop since then but nothing ever goes up in a straight line. Great company in the making, just a little patience required. CH is a man who can and will deliver here.

Even if they've been chasing contracts that are in the 10s or 100s of millions for the last few months the remuneration is impossible to justify until they have secured at least a couple of them in black and white so I agree fully there.
It's not just lowly shareholders but institutions that will be pee'd off if there isn't something substantial soon and I think they'll struggle to justify another hefty raise without something meaty to show for the last 2 raises.
No more LOI's or warm words from the PM or Mr Wood, it's big juicy contracts from the renewable sector, the MOD or even the ML award and FID that will only redeem JW now. Having said that they are well placed to transform the company and the next couple of month's will be critical. Maybe if they do succeed the remuneration in retrospect will pale into insignificance.

Well the seeds were planted last year and now we're just waiting for it to grow out of the ground lol...... 2 X 9M trades at 0.22 this afternoon showing up. This will move back up pretty soon imo