Member Info for mcadder

Hi Chisler all good thanks hope you are too!

Gold Miners Get a Shot at Redemption
Clara Ferreira Marques
Jul 29 2020, 7:12 PM

"if prices stay high, diggers can capitalize on the current excitement by encouraging a little more risk to tackle the problem of stagnant production. It’s true that there were as many terrible greenfield projects in the past boom as there were bad M&A deals, but there is an extra incentive to bet on the yellow metal: Extra supply doesn’t tend to erode the gold price."

"Miners will need to invest $37 billion by 2025 to keep output at 2019 levels, Wood Mackenzie Ltd. estimates. Not all of those projects will be in top destinations, or easy to extract. Gold at $2,000 might just make a return to mining’s buccaneering roots attractive enough."

Great Western's licence areas aren't exactly in the most accessible part of the world but, having said that if huge investment is going to be required in the next few years to sustain current output and demand for the yellow stuff, given how prices may remain bullish in the medium to long term, it's hard to imagine that there won't be any interest from a number of major mining companies with deep pockets looking to capitalize on the looming gap in production and demand with minnows such as Great Western. Such a collaboration would be hugely beneficial for all parties. Interesting times ahead me thinks....

Gold heading back up toward $1,950 this afternoon. All good here. Let the 5 min traders out just in time for the real gains to be made

This is just the start folks. Remember no more placings for the rest of 2020 at least and investor's cottoning on to the possibility of the company generating what could be serious revenue if they start extracting gold especially if gold remains bullish which is expected to be the case in the medium term for all sorts of reasons.
Lots of potential near term news flow looming. If we get one big partner on board like GGP did then the sky really is the limit here

Ok fair enough thanks for your reply

Hi tom.... I completely agree the 52 wk high could indeed be reached in a number of weeks but what I am baffled by is why you sold 20M shares the other week on the day of the placing if this is what you think? Not a small amount by any means.

Pineville Staff Writer | July 26, 2020

Shares of Great Western Mining Corp Plc (GWMO.L) have been trending up over the past five bars, revealing solid bullish momentum for the shares
Traders are keeping a keen eye on shares of Great Western Mining Corp Plc (GWMO.L). The Average Directional Index or ADX may prove to be an important tool for trading and investing.
Presently, the 14-day ADX is resting at 17.36. Generally speaking, an ADX value from 0-25 would indicate an absent or weak trend. A value of 25-50 would indicate a strong trend. A value of 50-75 would signal a very strong trend, and a value of 75-100 would indicate an extremely strong trend.

I have a feeling the ADX figure will be trending significantly higher by the end of next week. Currently Investing.com is showing it as a strong buy currently up on all MA's apart from the 200day MA

http://www.greatwesternmining.com/file-manager/presentations/gwm-presentation-march-2020-update.pdf

Here's the link for company presentation which contains the relevant info.....

Mineral Jackpot
Q1 bulk sampling and leaching of spoil heaps
Q3 Report first results of spoil heap leaching
Q4 FIRST GOLD from spoil heap leaching
Huntoon Valley
Q2 Commence bulk sampling of spoil heaps
Q4 FIRST GOLD from spoil heap leaching

Plus since the presentation the company acquired the Olympic project which has historically mined over 35,000 ounces of gold and 45,000 ounces of silver and has several "drill ready targets" to commence with as per recent RNS.

Some interesting posts from several people this weekend. This is primed and ready to make a BIG move towards a fairer company valuation but not based on hype and hot air, it will be based on a big shift in sentiment from the realisation that the company is fundamentally different from a year ago for the following reasons....

• New management in place
• Bod aligned with shareholders with a decent %
• Now fully funded for 2020 operations into 2021
• Expecting to commence first gold production Q4
(In all yrs company has been listed this is a first and will be a game changer)
• No CLN's or death spiral financing
• 100% ownership of all licences
• Potential early revenue from heap leaching
• Bullish medium term view on Gold ($1,901 Fri)
• Good results on Gold grades (highest is 95.1 g/T!)
• Potential for interest in Copper resource too
(mentioned last yr with DF's last interview that actual copper resource estimate could actually be 20 tonnes on the pessimistic side (not 4.5 tonnes which is currently proven) and up to 200 tonnes Copper below ground as a high end estimate!

Gold outlook.....
FORBES article
Gold Prices Set To Smash Record As Wall Street Shuns The Dollar
Simon Constable Contributor
Author | Broadcaster
The recent Covid-19 pandemic has pushed the price of gold to a hair’s whisker of its record high reached almost a decade ago. Investors should expect the rally to continue beyond that level, at least in the medium term, experts say.
“We continue to be bullish on gold, believe that gold will make a new all- time high in US$, and that gold will make new all-time highs in all currencies,” states a recent report from Wolfe Research.

And no sooner have I said that a 4.7M buy goes through lse lol

Agreed re gold there. Funny how over last hour or so any sells have gone through lse but any buys are on NEX

Nice tweet from Great Western regarding the use of a mobile rig to basically speed thing's up towards production which is something I touched on last night.
If Gold keeps rising and stays above say the $2,000 mark and there's no reason to suggest it won't then there could be huge demand for our assets.

Anyone for a blue finish today?

2 million mcap even lol

Numpty..... Great Western will indeed be a multi multi bagger. In the short term it should head back to 0.30ish in anticipation of further material progress especially with Olympic where the company have already identified a number of "drill ready targets". Plus the Rock House area where there is ease of access to the licence area for drilling. Don't forget as well this bit for the Mineral Jackpot area which some may have missed in recent RNS and is significant...

"At Mineral Jackpot, we are looking into the option of using a light mobile rig to drill directly into veins which we have already mapped, by-passing the need to drill trenches prior to drilling. Such a rig could potentially be used to assess the ancient spoil heaps at Mineral Jackpot, which we are planning to leach for gold and silver."

I can see Great Western trading at over a penny in the build up to first ever gold production by the end of the year. You just don't simply get the opportunity very often to buy into a 2 mcap company that is on the verge of generating actual decent revenue from gold production. Buy em while they're cheap!

Jul 23, 2020,03:00pm EDT
Gold Is Within Striking Distance Of Its All-Time High. Here’s How To Play The Rally
Frank Holmes Contributor

The time has come. Today the price of gold briefly rose above its all-time record closing price of $1,891.90 per ounce, set in August 2011. Once the precious metal breeches the important $1,900 resistance level, I believe the sky’s the limit.

Both gold and silver have been on a tear this week, with the yellow metal touching a nine-year high of $1,897 in intraday trading on Thursday. Silver was trading above $22.70, up 94 percent from its 52-week low on March 18.

As I told Kitco News back in February, this is a secular bull market we’re in, supported by several factors, and there’s no reason why gold can’t hit $10,000 in the coming years. Remember rhodium? The rare earth metal climbed an insane 22 times, from $625 in July 2016 to as high as $13,850 in March.

Current Gold Drivers
Some investors may be wondering if the gold rally is sustainable. We believe that it is, especially in the short term.
The gold price action is being driven in large part by the ongoing realization that the coronavirus isn’t going away so easily, short of a vaccine.

Gold also caught a bid this week thanks to the European Union’s (EU) unprecedented $2.1 trillion stimulus package, announced Tuesday morning after four days of negotiations. The deal has a number of firsts: European countries will raise money by selling government bonds collectively rather than individually, and much of the aid will be given to member states not as loans but as grants, which do not need to be paid back.

If I remember correctly you dumped 20M on the day of the placing, became pessimistic in your posts and are now commenting on someone possibly selling large amounts? (which by the way was a 10M buy)
And you still say you're holding? Right ok lol

Based on last few years the winter downtime period tends to be Dec-Feb. I can remember back in March looking at the weather forecast for the local area bearing in mind it's almost ski country there. Temps daytime at beginning of March were between 4 to 9 C and -6 to 0 at night. Obviously right now it will be in the mid to late 30s daytime and low 20s at night.
This year if and I say IF they manage to begin actual production by Dec then the window of downtime this year won't be an issue as hopefully between now and then they will have completed all the drilling and sampling which can't be done during the downtime. If they do start production then it will be a first for the company and a complete game changer to the point where the down time doesn't become an issue anymore especially if they are generating revenue.

ALLIANCE NEWS
Wed, 22nd Jul 2020 17:57

"Great Western Mining Corp PLC - mineral explorer with gold project in Nevada - Notes initial work has begun at the Trafalgar Hill, West Ridge and Rhyolite Dome targets at the Olympic Gold project in Nevada."

Wow 18M sell at 0.10 at 15:57 but delayed till after market close. This is a good sign as there seems to be much more liquidity returning to this share.
If someone tried selling 18M a couple of weeks ago it would have crashed the SP by probably 10-15% but it didn't even budge. The MM's only dropped it 2.4% at 16:22 following a couple more sells after the 18M sell.
Good thing is that now that large sell is out the way the SP will be free to start moving up on only minimal buying pressure.
Gold up to over $1,860 and Silver nearly $22.7 tonight.

Just listened to the interview and I have to say that it was an excellent interview and Brian came across very well. He confirms we are fully funded for 2020. He also goes into detail about the excellent recent appointments of the 2 NED's which should deliver a lot of value for us. Although he can't guarantee it due to the delays to date with Covid-19 they are aiming to start producing some gold by end of Q4 from the sounds of it.
Honestly I think this is the most positive I have been on Great Western for a long long time!