GW1 (ASX) Disappointing back to back ANN&#039;s

Originally posted by Loharano Lad ↑

There was nothing in today's ANN that couldn't have been said yesterday, and nothing in yesterdays ANN that couldn't have waited until today. I'm scratching my head as to why we didn't save ourselves the extra $1500 and combine them.

I did take note that the release of the nice little rehash puff piece yesterday (with a vague mention of "revalidating" drilling results) allowed some lucky holders to offload 40+mill shares at 2.4-2.6c. Some of these may have even bought back in today at 2.2c.

More likely though they will try to get them cheaper in the next few days/weeks. I had 2 hopes of a significant increase in SP in the short term. The Andapa JORC dream was shot down today, so the only hope left is sales which are still months away, if management meet their latest timelines. If todays ANN had have been better, announcing recommissioning with a couple of nice photos and a video or two on twitter would have given the SP a nice kick along. Now I believe they're impact will be negligible.

I don't know if anyone else noticed but there was a big wall of 12-13mill in the buy queue at 2.2c last week. The big order/s were pulled on Friday I believe and it came back to 5-6mill. The scepticist in me wonders, did the people who pulled their orders on Friday and dumped 40mill shares yesterday at 2.4-2.6 know something that I didn't. Knowing full well that they would be able to buy back in at a cheaper price in the days/weeks/months to come.

I must note that as all our eggs are now in one basket, for the short term at least, the possibility of a CR has significantly increased. The two options to avoid it are 1) significant increase in SP leading to options being converted, now unlikely in the next couple of months. 2) Significant sales, unlikely to be seen until the Q4 cashflow report in late July.

Someone less trusting than myself might speculate that the people who would benefit most from another CR would be management/ whoever pulled their bids on Friday and/or sold their shares yesterday.

Before anyone gets on here telling me If I don't like it sell. Not going to happen I believe in the company and the product, and I'm in too far over my head to get out now. However, sometimes it feels like management are taking the piss and I'm looking for an umbrella, and it never rains where I live these days.

GLTAH LL.

Expand

Originally posted by Loharano Lad ↑

There was nothing in today's ANN that couldn't have been said yesterday, and nothing in yesterdays ANN that couldn't have waited until today. I'm scratching my head as to why we didn't save ourselves the extra $1500 and combine them.

I did take note that the release of the nice little rehash puff piece yesterday (with a vague mention of "revalidating" drilling results) allowed some lucky holders to offload 40+mill shares at 2.4-2.6c. Some of these may have even bought back in today at 2.2c.

More likely though they will try to get them cheaper in the next few days/weeks. I had 2 hopes of a significant increase in SP in the short term. The Andapa JORC dream was shot down today, so the only hope left is sales which are still months away, if management meet their latest timelines. If todays ANN had have been better, announcing recommissioning with a couple of nice photos and a video or two on twitter would have given the SP a nice kick along. Now I believe they're impact will be negligible.

I don't know if anyone else noticed but there was a big wall of 12-13mill in the buy queue at 2.2c last week. The big order/s were pulled on Friday I believe and it came back to 5-6mill. The scepticist in me wonders, did the people who pulled their orders on Friday and dumped 40mill shares yesterday at 2.4-2.6 know something that I didn't. Knowing full well that they would be able to buy back in at a cheaper price in the days/weeks/months to come.

I must note that as all our eggs are now in one basket, for the short term at least, the possibility of a CR has significantly increased. The two options to avoid it are 1) significant increase in SP leading to options being converted, now unlikely in the next couple of months. 2) Significant sales, unlikely to be seen until the Q4 cashflow report in late July.

Someone less trusting than myself might speculate that the people who would benefit most from another CR would be management/ whoever pulled their bids on Friday and/or sold their shares yesterday.

Before anyone gets on here telling me If I don't like it sell. Not going to happen I believe in the company and the product, and I'm in too far over my head to get out now. However, sometimes it feels like management are taking the piss and I'm looking for an umbrella, and it never rains where I live these days.

GLTAH LL.

Expand

Honestly, when I saw "nice"pictures saying new excavator and wheel loader delivered,commissioned and put to work in the last Ann. I couldn't believe they were what management means important electrical equipments whcih delayed them for a few months. Those earth movings are the most essential mining equipments which are even easiest thing to get for everyone of us(pls dont tell me poor infrastructure in madagasga). I just suspected their professionlism to plan their job or credibility in hiding something from us.
I lost faith on them. Am I only one feeling this way?

No.	Vol.	Price($)
1	39880	3.5¢

No.

Vol.

Price($)

39880

3.5¢

Price($)	Vol.	No.
4.0¢	86503	3

Price($)

Vol.

No.

4.0¢

86503

No.	Vol.	Price($)
1	39880	0.035
2	13932	0.030
1	40000	0.028
1	80000	0.025
1	400000	0.016

No.

Vol.

Price($)

39880

0.035

13932

0.030

40000

0.028

80000

0.025

400000

0.016

Price($)	Vol.	No.
0.040	86503	3
0.046	12535	1
0.050	41911	1
0.054	72000	2
0.055	15000	1

Price($)

Vol.

No.

0.040

86503

0.046

12535

0.050

41911

0.054

72000

0.055

15000

(20min delay)
Last 4.0¢		Change 0.000(0.00%)		Mkt cap ! $9.626M

Open	High	Low	Value	Volume
0.0¢	0.0¢	0.0¢	$0	0

Honestly, when I saw "nice"pictures saying new excavator and...

Listen: HotCopper Podcast 008 – Take-off time... or is it more taxiing?

Federal Budget underwhelms. Here's everything you'll want to know

Meet GeoGeorge: The HotCopper poster so accurate he found a career as a senior analyst

RBA keeps rates on hold as world awaits Trump tariff fallout

Deal done: Instos take control, locking in Bigtincan’s takeover

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Honestly, when I saw "nice"pictures saying new excavator and...

Top Stories

Listen: HotCopper Podcast 008 – Take-off time... or is it more taxiing?

Federal Budget underwhelms. Here's everything you'll want to know

Meet GeoGeorge: The HotCopper poster so accurate he found a career as a senior analyst

RBA keeps rates on hold as world awaits Trump tariff fallout

Deal done: Instos take control, locking in Bigtincan’s takeover

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News