Member Info for mcadder

Lots and lots of buys being chucked through NEX but virtually all sells through lse....very odd

Mini GGP in the making with Great Western.

I imagine there could be several big players taking a look in at their potential assets just like Newcrest did with GGP

"The Olympic Gold Project, like Great Western’s 16,400 acres in south-west Mineral County, lies within the Walker Lane Fault Belt, a major metallogenic belt host to world class gold, silver and copper deposits"...

"With a history of high grades of gold and silver produced from the OMCO
Mine, locating a continuation of the OMCO vein, an unexploited extension to
the OMCO Mine, is a high priority for Great Western."

You're welcome MP.

Can see this closing 50-60% up today

Mineral Jackpot – Production of First Gold
• At the Mineral Jackpot Group there are up to 38 individual spoil heaps from
the workings of numerous historic gold mines, and roughly half of the heaps
are now accessible for vehicles following recent road upgrading and repairs
• Two large spoil heaps have been selected for initial evaluation and a first
load-out of material will undergo laboratory analysis to determine whether
gravity recovery or cyanide leaching will be most appropriate processing
route.
• Current permitting will allow for the removal of up to 900 tonnes from the
mine area, for further processing at either the company’s Marietta base, or
by a contractor at an offsite base

Those that sold out over last few days watch them scramble to get back in here lol

Yes absolutely fantastic RNS this morning!

I'll have what he's having lol...

And of course oil would be at $80 a barrel in your scenario there not $41.60 tonight

Gold Could Be Heading To $5,000
By Alex Kimani - Sep 06, 2020, 4:00 PM CDT

The current year is proving to be an annus mirabilis for gold investors, with the yellow metal running riot. Gold prices are currently trading at $1,933 per ounce, not far from their historical high of $2,075 that they reached a month ago. That is good for a 26.5% gain year-to-date and 30.9% since their 52-week low in March, compared to a 6.3% YTD gain by the S&P 500. The torrid rally represents the sharpest gain the metal has mustered in more than a decade. That is hardly surprising given gold’s traditional role as a safe haven asset that many investors turn to during times of deep crises--and few can rival the COVID-19-induced economic meltdown. The Covid-19 situation has been improving somewhat, yet hedge funds, Wall Street, and investors alike continue being extremely bullish about gold, with some licking their chops and predicting that the yellow metal could touch absurd levels of as high as $3,000 and even $5,000 per ounce.

Bank of America Merrill Lynch says it expects gold to hit $3,000 by early 2022 while Citigroup and billionaire Thomas ******, founder of New York-based asset management firm Electrum Group, believe that $5,000 is in the crosshairs.

Latest 2 NED appointments below are significant imo plus look who William Cooper on the exploration team used to be a geologist for....

GREAT WESTERN'S PEOPLE
EXECUTIVE DIRECTORS
Brian Hall – Executive Chairman
"KPMG trained Chartered Accountant who became a member of the small team which landed the first commercial oil from the UK North Sea.
Over 40 years managing natural resources companies."

Robert O’Connell – Operations Director
"Graduate of Texas Christian University
Trained oil and gas driller
20 years’ operating experience in oil and mining
Founder employee of Great Western, staked the original claims and oversaw 5,000 metres of drilling, resulting in an Inferred copper resource of 19,000 tonnes copper".

Max Williams – Finance Director and Company Secretary
Chartered Accountant
"Over 26 years’ experience managing the finances of publicly-traded natural resources companies
Until 2019 Financial Controller/Secretary and subsequently Finance Director of Aminex PLC, controlling the finances of a group operating in multiple jurisdictions".

William (Bill) Cooper – VP-Exploration
"MSc in Mining Geology from the Camborne School of Mines.
Member of the Australian Institute of Geoscientists (MAIG)"
"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".

Jack Davies – Exploration Geologist
"BSc in Applied Geology from the Camborne School of Mines and winner of the JC Davey Industrial Geology Award
Exploration Geologist for Great Western’s properties in Mineral County, Nevada
Joined Great Western in 2018".

NON-EXECUTIVE DIRECTORS
Andrew Hay
"Graduate of Oxford University
30 year banking career in London and New York"
"Senior positions in the past at Schroders and ING Barings, in debt and equity capital markets and international M&A
Built the corporate finance team at the Edmond de Rothschild Bank in London and led it for ten years".

Alastair Ford
"Graduate of Oxford University
20 year career as a mining specialist
Mining journalist on the Investors’ Chronicle
Editor of The Minesite.com
Chief Investment Officer at Mineral & Financial Investments PLC for six years
Currently a Mining Affairs Consultant for ProactiveInvestors.com".

"Great Western has a single class of ordinary share and no corporate debt."
"The Company has a large tract of acreage in Mineral County, Nevada. The area consists of rugged, mountainous terrain, which means that large parts of it remain under-explored. Mineral potential is hosted by the regional Walker Lane Structural Belt, the largest structural and metallogenic belt in Nevada, yet one of the least explored in recent times, with gold, silver and copper currently produced in Mineral County."

GOLD AND SILVER POTENTIAL
"There are numerous gold and silver prospects on the Company’s acreage, including extensive historic mine workings which offer the opportunity for secondary recovery. In 2020 the team is working on (1) the Mineral Jackpot group of mine workings, which comprise five old mines, where it is using modern technology to establish connectivity between them for further exploitation and (2) The RH Group (Rock House) of claims which has never previously been mined but where mineralisation has been identified through satellite imagery. Soil sampling and processing of outcropping rocks have already established the presence of gold and silver at the RH Group".
"Desk work continues on the copper potential but field work is currently focused on gold and silver which the Company believes offers the opportunity for earlier monetisation of its prospects".

Looks like this is the last attempt by MM's to flush out tempted sellers while allowing some to load up before this goes on a decent run finally.
Long overdue.

Am expecting big news soon.

There's gold in them hills. Lots and lots of it I think, especially at RH.
There's copper too. Potentially 200 tonnes of the stuff as the highest end estimate. Question is what will the next big news be?

"The directors here dont hold massive amounts, ball park just under 10%."

Don't hold massive amounts?

It's 10% more than most companies that's for sure

m a n n n a n - typical trader BS

Nice to see gold continuing to climb back up. Could reach the $2,000 mark today or tomorrow....

It's common knowledge they don't have the funds to progress the copper which is why they will secure a JV with a larger player on attractive terms and when the time is right.
But right now they are gearing the company up to start gold production this year - something which they CAN do by themselves. Smart move imo.

It looks to me that all 4 trades this morning including the 3M one are buys. My top up was 484k at 0.1247p

Lol I think someone just bought 75k shares to see if we still have a pulse. Either way we're looking really good. Looks like I'll be able to buy more tomorrow as long as we don't get a monster RNS first thing and the price jumps up. Stranger things have happened!

https://twitter.com/mining_great/status/1298922532729389057?s=20

Great Western Mining
@mining_great
2h ago
The Olympic Gold Project, like Great Western’s 16,400 acres in south-west Mineral County, lies within the Walker Lane Fault Belt, a major metallogenic belt host to world class gold, silver and copper deposits...