Member Info for mcadder

Wow look at that 18.3M UT at 1635

I bet they're glad they took advantage back then during beginning of Covid :)

"In 2020, when no other parties were ready to commit, Challenger Energy was first-mover into offshore Uruguay, securing the AREA OFF-1 block on an uncontested basis and on highly advantageous work terms. Since then, margin-opening discoveries offshore Namibia by TotalEnergies and Shell have made it possible to correlate what are now proven, oil producing source rocks directly across into the conjugate margin basins of Uruguay's waters."

"As a result, Uruguay has become a new global exploration hotspot, evidenced by the fact that in the last 12 months all but one of the available offshore blocks have been licenced by oil majors and NOCs, bidding sizeable work programs."

"Strong interest received from multiple major oil companies"

Obviously JohnnyBriggs and all the other bitter posters would say that the company are just 100% lying. You sound a bit distressed with your personal vendetta against ceg, I don't think investing is for you....

This doesn't need pumping, the 2Bn recoverable barrels of oil and multiple interest from major players as well as a farm in THIS YEAR speaks for itself.

CEG is probably not on many people's watchlists right now due to previous disasters and share price performance but it will very soon.

And people like JohnnyBriggs can huff and puff all they want but the facts for an investment case now clearly speak for themselves. No pumping required :)))

Bought a house outright the other month from my ill gotten gains so contrary to what warped view you have, I'm obviously doing something right ;))

Even I have to concede that the numbers here are huge, potential farm out before end of 2023, multiple interest, sometimes even dogs have their day, so back in here at 0.103 ;))

Rabito just ignore the nob jockey louis10, pointless engaging with the moron that just regurgitates the same drivel over and over, plus I'm sure there are better things to spend the weekend doing ;)

Potential to make life changing amounts of money from current levels ;))

Things definitely do have a habit of turning around least when people expect it, but most of the time it doesn't happen when they want it to hence why many lose so much money in this game. Also, hopefully not too many people held all the way down from 140p to 16.5p - it could quite easily head back up there now funding issues out the way and Pantheon's acerage will soon be increasing by 40k acres :))

Thanks but no thanks - no point.

I'm already 60% down, no point in bothering, time to just ride it out :)))

For gods sake guys can't you give it a rest or take your bickering somewhere else?

The RNS today is positive in one sense but unless we unexpectedly get some breakthrough on the JV or RBL front I can't see much happening here for a while given that they said in the RNS today that it will be 2-3 months construction time for the gas gathering system.

In Art's time that's probably realistically 4-5 months or Sept at the earliest...

One2one we have a much better understanding of what could be down there now since that 2018 JORC resource report, with estimates so far now of between 14 - 21.3M tonnes Cu as opposed to just 4.3M tonnes with the prospect that there could be one huge linked resource of copper stretching over 7km.

If that were to be proven, the occasional touted figure of 200M tonnes could end up being conservative imo

The Armchair Trader

@armchairtweets

1h ago

#GWMO Great Western Mining reports loss for 2022.

https://thearmchairtrader.com/great-western-still-reporting-losses-but-starts-building-refinery/

"The AIM-listed company operating in Nevada is still confident of generating revenue this year from a joint venture refining business which is under construction."

A few sells early on today but lots of buys taking advantage of the dip it would seem :))

What that basically means is not say 15-20 disgruntled holders but somewhere in the region of perhaps 400-500 disgruntled holders with now so many shares that any slight rise just gets sold into.

We won't have that problem here, when decent news lands, this will be free to go on a really good run not hindered by billions upon billions of confetti ;)

"By the way 200m is a hell of lot of shares for a £6m company anyway."

Again 100% disagree with you there, and in particular you're above comment, I think VAST shareholders would give their right arm for our low number of shares.

Right now they are sitting at 19M Mcap, having gone between 2016 and 2023 from just 1.8Bn shares in 2016 to at one point to over 220Bn shares which they then had a 100/1 consolidation in 2021 reducing that to roughly 220M shares.

Now since 2021 they are back to about 3Bn shares! Would you prefer that LOL (rolls eyes)

"The number of shares in issue is completely irrelevant"

Disagree 100% there, if we were at 1Bn or 2Bn shares imagine the drag on the SP if good news were released. Right now given the sheer low number of shares in issue, this share would re-rate quickly and without any difficulty on good news which I believe is now imminent :)

And even after full conversion, bearing in mind the low number of shares in circulation by then (by my reckoning less than 200 million in total) then it's a win win from where I'm looking.

Add in expected contract news announcements by then and the recovery here is looking pretty sweet....

Chisler yes, I completely forgot about the rare earths mention beginning of this year ......

RARE EARTH MINERALS

"Great Western is primarily focused on exploring for and exploiting the precious metals potential of its claims in the Walker-Lane trend of Nevada, while copper remains a significant component of the Company's portfolio of prospects which it is keen to exploit. During the detailed analysis of copper samples carried out over the past few months, it has become clear that, at the established M2 copper resource, an elevated and measurable level of rare earth minerals is present in some samples. It is too early to assess the commercial viability, if any, of these indications, but rare earth elements can be highly valuable and of great industrial interest, so the Company will be pursuing this avenue of exploration. It should be noted that the Company is aware of relevant ongoing activity in this area by the US Geological Survey, an arm of the federal government. "

I know there is the usual caveat in there about be too early to know if commercial blah blah blah but to have mentioned it at all tells me that the readings they have got from M2 must have been bloody good to have mentioned it at all. After all we know BH is not one to blow his own trumpet and ramp in any way, instead letting results do the talking instead. I wonder if we might get a further update on the rare earth minerals soon..... :))

I can say with a degree of confidence that at some point THIS YEAR that we should get a partner on board to progress what could be a substantial copper play across M2, M4 and potentially even several km beyond that.

The bod have hinted that it could be a substantial world class copper mine given what they now know and what they've learned over the last few years ever since they got that JORC resource report of 4.3M tonnes.

Recent estimates based on current information have revised that to between 17-21M tonnes which is nice and will get the attention of a major to look at us seriously.

But as has been said previously there is the potential for the resource to be somewhere nearer to 200M tonnes, hence world class potential.

This is the jewel in the crown while everything else is going on to start us on the road to real revenues.

For those prepared to sit and wait it out a little bit longer imo you will be handsomely rewarded :))