RE: GWMO23 Nov 2019 02:25
Typos corrected
Everyone is entitled to an opinion. My understanding, and correct me if I am wrong, GWMO raised 300K to tide themselves through to the new year. It is Winter in the Mountains and drilling cannot start till Spring. Significant new finance will be needed to complete this drilling. This is the state of play. It is also the case, that the SP may rise on promising news which I suspect there may be some short term news. Those are the facts.
I myself had a very low average when I sold the shares buying in the 0.16 to 0.128 range. Not a huge loss and this is all about managing risk for me. For some the risks moving forward may be acceptable although for me I will wait till the Spring to see if the firm is still in business. At this point drilling can commence. That is a sensible position for me but of course that is just my decision.