GWR - GWR Group

[master_luke]

Iron Ore Explorer in Mid-West Region

Current Market Cap $250M
Current JORC resource 50MT @ 61% Fe

Estimated resource 250MT+

Looking to break out in the past month, with above average volume and has appeared to be held back by share price manipulation especially the closing price, since hitting $2.55. I have been watching closely and every run up each day seems to be stopped by a large sell off. Possibly due to long rumoured merger with Fairstar Resources.

Appears to be the very last Fe Explorer in the region to shoot north.

Strachan Report looks promising purely based on fundamentals and shows its current undervalued state.

Based on price movements twelve months ago, GWR appeared to do very well first two weeks of July. It looks to do the same again this year, IMO i think this is the last few days before a/the break out.

 

[Drubula]

Re: GWR - Golden West Resources

Exciting times for this baby. I think after 31 July 2007 the results will ensure the SP rise the scutinulla way. $5.00 here we come. Cheers. DYOR

 

[greenfs]

Re: GWR - Golden West Resources

This is my next prospective buy. I am looking for a bit of valuation expertise and will probably speak with YT.

I am attaching a report dated 06/2007 as obtained from the company's website and ask the following question...

Can anyone tell me what would happen to GWR's sp in the event that given time the ore resource was confirmed to be larger than that presently confirmed by Fortescue (FMG)?

View attachment GWR Report 20070621.pdf

 

[greenfs]

Re: GWR - Golden West Resources

I am expecting big things from this share shortly. I would appreciate thoughts from anyone based upon the trends appearing on the graph enclosed herewith:

 

[gtsman_05]

Re: GWR - Golden West Resources

I'd just like to say, that i have had PLENTY of time to accumulate this beast... and boy am i horribly, horribly overexposed to this company.

RESOURCE UPGRADE DUE ANY DAY (MANAGEMENT QUOTED IN THE ANNUAL BY 31/10) Volume in the previous two days were two of the biggest days of the year for GWR.

I have this song in my head and just will not leave... It's that tune by "The Automatic" ..... goes along the lines of.... """What's that coming over the hill is it a monster?? is it a monster??"""

Dont forget... FIVE PROMINENT RIDGES OF HAEMATITE BIF [A,B,C,D,E], over an average 30km strike length, at some parts in excess of 206m depth [C4 strike].

Grading up to 69.5% Fe has been drilled (average 61% in maiden 50MT Inferred Resource)

69.5%!!!!!!!!!!!!!! thats about as close to pure haematite iron you could find
And its in Australia, not Cameroon!

Cheers!


DYOR - Read the 2007 Annual report along with the Strauchan Research Report from June, the combination of the two pretty much says all you need to know.


Good luck all GWR S/holders (the 2,500 of us anyway)

 

[Drubula]

Re: GWR - Golden West Resources

I have been following this baby since its birth. I will say that I too have heavily invested in this one. Gossip in the markets suggest that GWR has a potential find of an iron ore monster of all monster resources findings in last 30 years. I have read the Strachan Report and certainly there were comments of a potential resource upgrade to 100mil+ before XMAS. I hope the People doing the Due Diligence on GWR currently in relation to the takeover either prove or disprove this fact, as It would DEFINATELY have an impact on how i respond to FAS's bidders statement. I am of the opinion that if the resource potential is there, then boy FMG here we come.

DYOR and certainly do not rely on my opnions as they are opnions only for any decison making purposes.

 

[Pat]

Re: GWR - Golden West Resources

Like the few here who have posted, I too like the GWR story. High grade 65%+ haematite and the potential for big increases in the size of the resource. Only concern is the high Si in some of the samples, what impact if any will this have?
Much upside IMO. I'm in today as the heat in the iron sector seems to be getting hotter. The $2.50 mark seems clear resistance, we may just see the SP move up and hug the top bollinger band and break it. Now i'm no chartist, only use charts for indicative purposes, however GWR hasn't closed above $2.50 in consecutive days for 6 months+ and with today being the 2nd day in a row gives me more confidence of a potential run.
Now to sit back and... relax?

 

[Wysiwyg]

Re: GWR - Golden West Resources

Here is an article about iron ore out today and the price negotiations coming up.BHP (as you would expect) see iron ore in demand till 2015.Maybe up to US$120 per tonne or more for lump ore.

 

[Annwn]

Re: GWR - Golden West Resources

Just to expand on pats' chart, the 2.50 -2.55 resistance level, strong trading days have taken the price up to this level on 4 occasions since Feb 07, but unable to go further.
Is it market manipulation or just a strong psycological barrier?

 

[3 veiws of a secret]

Re: GWR - Golden West Resources

To my honourable gentleman Greenfs, on the evidence supported by the "Strachan Report" ( link-pdf file supplied above dated 23/10/07) if all is what it's claimed to be said/stated ,GWR has no reason to be a tiddly small cap share. Haematite ore of say 65%+ seem very attractive with either $25 or $19 to get it transported to either port(Oakajee seems a prefered cost effective infrastructure link).I cannot see if they have acquired plant/machinery to support pending production in the near future.

Plus I've cut/pasted this additional info on other Au tenements in their portfolio........
~
Doherty's (Gold): The Doherty's project is located in the Barrambie Greenstone Belt approximately 100 kilometres south west of the Wiluna West project. The project contains an indicated resource of 25,700 tonnes at 23.8 g/t Au for a contained 20,430 ounces. A review of all geological data is in progress with a view to explore for potential extension at depth and possibly seek out a joint venture partner in 2007.
Bullabulling South (Gold):
The project is located 35 kilometres southwest of Coolgardie at the Southern end of the highly mineralised Coolgardie – Bullabulling Greenstone Belt.. The mineral deposits within 10 kilometres of the project have produced more than 1 million ounces of gold. Ramelius Resources Limited is currently earning up to a 75% interest in this project, with GWR retaining a 25% interest.
~
Plus it does'nt seem to have any further pending Corporate activity this year......but no doubt holders of the share are waiting for info/announcements of the drilling reports,and with all the above ,I can see why your intrigued by this share.
My only concerns are the scheduling of infrastruture ie when will it commence ,will the futures of Fe support this project (Strachan quotes BHP optimism up to year 2015)......will the likes of BHP/FMG /MGX steal the cake?.Also Strachan reports small scale production in 2009>2011 in light of this fact are there other shares that will outperform GWR ?
Lastly the share trading history this last month is reflecting upside,see dates say from 24/10>30/10/07......
30-10-2007 $2.550 $2.550 $2.450 $2.530 297,425
29-10-2007 $2.290 $2.550 $2.270 $2.510 380,448
26-10-2007 $2.320 $2.320 $2.250 $2.280 101,910
25-10-2007 $2.290 $2.320 $2.230 $2.320 99,165
24-10-2007 $2.300 $2.330 $2.200 $2.240 416,603
23-10-2007 $2.250 $2.300 $2.200 $2.300 448,250
22-10-2007 $2.200 $2.290 $2.170 $2.190 228,435
19-10-2007 $2.210 $2.230 $2.090 $2.230 222,913
18-10-2007 $2.150 $2.220 $2.150 $2.220 102,366
17-10-2007 $2.150 $2.160 $2.060 $2.080 233,643
16-10-2007 $2.200 $2.220 $2.120 $2.180 160,773
15-10-2007 $2.250 $2.260 $2.070 $2.110 186,218
12-10-2007 $2.200 $2.280 $2.200 $2.260 301,190
11-10-2007 $2.120 $2.170 $2.120 $2.170 132,467
10-10-2007 $2.110 $2.140 $2.060 $2.090 59,642
09-10-2007 $2.100 $2.180 $2.100 $2.150 18,360
08-10-2007 $2.110 $2.150 $2.030 $2.150 128,995
05-10-2007 $2.110 $2.140 $2.110 $2.110 50,530
04-10-2007 $2.190 $2.190 $2.070 $2.080 34,556
03-10-2007 $2.100 $2.140 $2.090 $2.100 44,865
02-10-2007 $2.220 $2.230 $2.150 $2.200 41,160
01-10-2007 $2.170 $2.220 $2.150 $2.200 53,499
28-09-2007 $2.200 $2.200 $2.060 $2.060 49,621

I will watch this share carefully in the next few days....many thanx Greenfs.

 

[3 veiws of a secret]

Re: GWR - Golden West Resources

So I read up on the share as the birds are getting restless this morning ,and decide to look in the recent announcements for the share ,and TRADING HALT today?????? Seems a merger is on the cards with Fairstar Resources=4 shares to 1 GWR?

Shareholders Buying
Date Shareholder Previous % New % Shares Traded
15-10-07 Fairstar Resources Limited --% 19.81% n/a
04-07-07 Falak Holding LLC 13.32% 14.33% 530,858

Looks like the board is distracted .....for the time being!

 

[Wysiwyg]

Re: GWR - Golden West Resources

With a possible rise in iron ore prices the iron ore mining fans would have to be happy about the Mid-West W.A. growth phase.GWR looking the part at present with a target of 200 million tonnes or more.Caught my attention at $2.10 and skipped away.This page offers a comparison of the companies in the alliance. Information only.

 

[greenfs]

Re: GWR - Golden West Resources

Ann after trading halt is another upgrade to the WW ore resource. Sp heading northwards @ $2.60 and rising.

 

[Pat]

Re: GWR - Golden West Resources

Just to expand on pats' chart, the 2.50 -2.55 resistance level, strong trading days have taken the price up to this level on 4 occasions since Feb 07, but unable to go further.
Is it market manipulation or just a strong psycological barrier?

Perhaps it is manipulation Annwn... the SP was heading north then a massive seller appeared and scarred the buyers off to an extent. Interesting how things can be manipulated.

 

[Wysiwyg]

Re: GWR - Golden West Resources

Perhaps it is manipulation Annwn... the SP was heading north then a massive seller appeared and scarred the buyers off to an extent. Interesting how things can be manipulated.

You mean the large holder that hit the NEXT STOP button and wishes to leave the bus.Must be a good feeling being able to do that.I would not know.There may be friends under the seats wanting to leave next stop as well so tomorrow will reveal at what price the blockers want to sit.

 

[Pat]

Re: GWR - Golden West Resources

You mean the large holder that hit the NEXT STOP button and wishes to leave the bus.Must be a good feeling being able to do that.I would not know.There may be friends under the seats wanting to leave next stop as well so tomorrow will reveal at what price the blockers want to sit.

Exactly, I do not understand the logic of doing so though. There may be many friends waiting, but sometimes you see a big buyer take out the NEXT STOP, and I'd imagine the seller would feel quite the fool, I do not wish to feel that emotion.

 

[Drubula]

Re: GWR - Golden West Resources

IMO I would have exepcted the SP to be around the $3.oo mark What has changed with this stock since Dec 06 when it was sitting pretty @ $3.35. Capping seems to always a possiblity, when one buys at @$2.72 only to have someone dump stock at 10cents less whilst the SP was moving north. This will only improve if and when the big players move in assuming the takeover from FAS is not a fait accompli.
DYOR but still too early to assess where the SP is heading

 

[greenfs]

Re: GWR - Golden West Resources

We have another trading halt. I suspect that we might be about to receive a significant JORC update. Does anyone else have any gossip?

 

[gtsman_05]

Re: GWR - Golden West Resources

Monster volume levels today and over the past two weeks for this normally very quiet stock...

Did anyone else notice a change in the tenements late last month?

It appears at Wiluna West they are no longer Exploration tenements

They now start with the letter "M"

 

[trillionaire#1]

Re: GWR - Golden West Resources

wow, nice to see a healthy gain in this stock today,59%!!!
lifts my portfolio a little out of the doldrums
Fairstar has been trying hard to take over this company ,offering
shareholders 7 Fairstar shares for 1 Golden West share .im not taking the deal
and GWR management advises all to reject the offer.
Portman ltd bought 11 million shares of GWR for 9.5 million dollars.

"Portman want to expand or make sure they extend the life of their projects,"
Gavin Van Der Wath,an analyst at BBy ltd. in Sydney, said by phone.
"companies are realizing you need to lock up resources of iron ore."

investors seem to react very possitively to Portmans large purchase of stock, hopefully this big uptrend will continue going forward.:drink: