Member Info for Setanta1

Almost twice as many buys as sales today and the price is down 5.5% The only logic for that is that the SP was being manipulated,(in this case held down ). Tomorrow may tell us why!

apr and do you share the view set out by vauch ref the warrants. Still 190m to clear? I'm beginning to feel quite confident despite todays odd price action. The Sp certainly appears to be being held down. Possibility of a large buyer being accommodated?

No , I am not the good mcadder.

Thank you for three pretty immaculate posts here today,(16.42,17.02 and18.25). Any serious investor who wants to know the pros,cons and possibilities relating to GWMO need look no further.
The second paragraph of your 18.25 post more or less encapsulates my own view about GWMO. I am well invested here and I am also aware that the heiights to which some investors aspire cannot be realised without some form of backing. My hope is that one of the possible sites being investigated will show significant gold potential. By that I mean sufficient to encourage a JV with a US major. I consider it highly unlikely that GWMO will ever succeed as an independent miner.
The latest activity is disappointing but predictable. Many investors who bought in,(as I did ), at around the .1p have decided to take a decent profit and leave, hence the current SP retracement.
But I still think there is mileage in GWMO and the next couple of months ought to answer some crucial questions. So I'm going to hold for now. There could be big rewards here.
Thank you again for your excellent input.
and like Kainos I certainly believe riseagain is to be listened to with respect. His contrarian views are well expressed and valuable,though obviously I hope they turn out to be unfounded.

riseagain. 6.5m shares sold in two trades on a day when,so far 65m shares have been traded is hardly significant!

The way the SP is behaving is inevitable. Good news and resulting good sentiment drive it up by double digit percentage and then those who are content with a small gain sell off a few million shares. The MMs clear some stop losses and the trraders step in again to buy (or buy back).
Anyone who expects the quantity of gold produced this year to be of vast proportions is mistaken. The quantity will be token rather than massive.
I would be happier to see the BOD seeking a JV for the gold mines but they can hardly do that until they have something important to declare.
Some excellent posters here. aprogerson, chisler, and riseagain , (who often posts some commonsense stuff when he's not involved in arguments ).
Remember, too, that there are still lots of warrants to clear,( as enumerated by aprogerson yesterday). When they have been cleared the SP should benefit.

Yesterdays 16M trade has been correctly classified as a buy!

I should have added. I can sell 20m of my holding right now for .231p. With MMs that willing so late in the day it may point to something good in the offing.

Riseagain is certainly the most slated poster here but much of what he says makes very good sense. There are lots of "weak holders" and hopeful investors who fear that their investments may be at risk now.
I am a large investor here and I didn't expect the recent drop to be so acute or sustained. But I believe that there are at least a couple of phases of sp progress which will take place in the near, (perhaps even very near}, future. Production of gold and a clear indication of probable large reserves will undoubtedly send GWMO to previously unknown heights, including the possibility of a JV. And all this must start very soon. That's why I'm optimistic about my investment.
But I do like to read RAISEAGAIN. He makes some very valid points.

that today's update didn't create more of a stir. Is the general feeling that more cash,(a placing), may yet be needed? I'm tempted but I think I'll sit and wait for the next move.

Of course it's not guaranteed that the next news will be good. But that risk is why we invest in AIM companies. The risks are high and the potential rewards are also high. One needs to believe in the story the management has been telling if one is to take the risk. It's just a matter of personal judgement. I still think the story is plausible and that we will see at least one great leap forward, or perhaps multiple leaps forward. Read what has been written and make your own choice!

is that a canny group of shorters are active here and until they are sure that they have nothing left to gain the sp willl languish. Problem is knowing when that point arrives. So long as there are enough buyers who think "it can't go any lower " the shorters will have the whip hand.

Tango and Stokey for your comments. Right or wrong the decision I made in relation to my INFA investment was entirely correct for me. When I made the decision my portfolio, (thanks to my INFA investment), was showing a stonking loss. Today, thanks to the investment I made with the funds I withdrew from INFA, my portfolio is showing a truly stonking profit. I don't have anything else to say in the matter.

In April after the Board of Infa declared that the funder for Islandmagee had withdrawn their (alleged ), support I decided that,apart from any other consideration the opportunity cost I was incurring by being so heavily invested in INFA made very little sense so I sold a substantial part of my large holding and put a good deal of the money into a junior gold miner, ( no cigar for guessing who that was ! ), and I more than recouped the big losses I sustained on INFA. I'm still interested but not confident that the outcome here will be good ,or if it is it will probably take years to achieve such an outcome Not very appealing to AiM investors!. But we'll see.

No problem buying at least 1M @ .2577p.

One item to add. I've just offered 25 million shares of my holding for sale and I was immediately offered .24p for that wedge. So that strongly infers that the MM have a decent market for these shares although it is quite late in the day. It also suggests that they may be negotiating a big buy. But we'll see after the market has closed or perhaps even tomorrow. It certainly increases my confidence.

Nothing extraordinary going on . There are vastly more sell than buys and so the SP is falling. A few misclassified buys or sells doesn't really make any difference. Nor does the price of gold unless it has a huge rise or fall, neither of which will happen anytime soon.
This is AIM and the patience window is very small. So if the Board of GWMO doesn't come out with frequent snippets of positive news many punters ,( because that's all we are here), will sell and take a modest profit or loss for now.
It's all in the hands of the BOD and they are being well rewarded, and they're probably not interested in the SP. So make up your own mind . You'll either get it right or wrong. It's not too esoteric really.

Another exciting day for INFA,(like so many over the past couple of years). Today posts2 and trades2.
If You want to win with INFA you must be prepared to think of profit in years rather than in months. Untypical for AIM devotees.

" double the number of trades". I blame the excitement!

For INFA ? Not ! That is unless you're a member of the Watch Paint Dry Club ! when the number of posts here is double the number of posts isn't it a very cauldronn of excitement? I wonder what happened to the Marine licence> Exciting, what!