GWR - GWR Group

[swm79]

Re: GWR - Golden West Resources

Just dropped through 35c support yesterday in the panic sell off. Will probably recover a little today, but now trading at 20c a ton for DSO. That is crazy stuff. Market is saying that this is too far from infrastructure to mine, or is not a takeover target. OR, it's off the radar!

Currently the cheapest on the list.

Good support down there by the looks, but market still skittish. Or, was that the short correction we needed before pushing on?

i like the look of your chart there kenna... and the DSO... geez... so low!!

dont know if its the end of the correction... maybe just the beginning. big AUD/USD carry trade going on... if the USD raises interest rates now we'll go under because the US investors (and everyone else getting out of USD over the past few months) will be sucking us dry!

if they fixed the infrastructure problem it would look REALLY good for a "punt"

 

[Skip1jz]

Re: GWR - Golden West Resources

There has been strong volume since the beggining of september yet the share price has done little more than trade in the band of 0.35 - 0.4. Hopefully for holders all the sellers have just about all moved on.

 

[adobee]

Re: GWR - Golden West Resources

Out of this now... expecting a retrace.. not a bad run..
will keep my eye on it still very very cheap ..
Directors still a concern

 

[chansw]

Re: GWR - Golden West Resources

http://www.wabusinessnews.com.au/en-story/1/76889/GWR-surges-on-takeover-speculation

GWR surges on takeover speculation
23-November-09 by Rebecca Lawson


Golden West Resources is at a loss to explain a share price surge of 92 per cent over the past three trading days as speculation emerges of a possible takeover.

In a reply to an Australian Securities Exchange enquiry today, Golden West said it was not aware of any information that prompted its share price to jump from its closing price of 51 cents on Thursday to a high of 98 cents today.

Trading of Golden West shares have also increased with more than 2.7 million shares traded in today's session as at 15:50 AEDT. Shares in the company last traded at 79c.

Shares in the Osborne Park-based company have been on a dramatic rise since November 5 when it traded at 31.5c, and then received another upward run a week later following news of high-grade hematite mineralisation at its Joyners Find project in the Mid West.

Golden West at the time said it expects to mine Joyners Find, part of the Wiluna West project, before the end of calendar 2010.

Speculation on investor chat room HotCopper suggest a possible takeover of Golden West by US company Cleveland Cliffs, which last year successfully completed its acquisition of Mid West iron ore miner Portman.

 

[Sean K]

Re: GWR - Golden West Resources

Gone from trading at 20c a ton to 90c a ton in a few days. It was trading too cheaply even without the spec takeover rumours and should have been about the average price for a DSO holder, at around $1.00 ish so probably well priced now.The last takeover went at $1.60 a ton didn't it? Must check. So, maybe maybe some room to move, however, if no offer comes you'd expect it to drop back considerably once the excitement drops off and profits have been taken. Was the cheapest DSO spec on the list, now coming in third.

(note: If you treat BRM as beneficiated hematite/DSO then it's still by far the cheapest at 12c a ton. Crazy..)

 

[jonojpsg]

Re: GWR - Golden West Resources

(note: If you treat BRM as beneficiated hematite/DSO then it's still by far the cheapest at 12c a ton. Crazy..)

Note: If you treat SDL as beneficiated haematite/DSO then it comes in at about the same... I agree, crazy!

 

[geea]

Re: GWR - Golden West Resources

It will be interesting to see if there are any announcements on ownership to see who is buying and selling.

 

[bilza]

Re: GWR - Golden West Resources

This company has been going up and down on the same spot for a long, long time, but after today's announcement it's definitely going backwards.
Can you believe that the directors are giving up 35% of wiluna gold resources for a block a dirt in Africa to a UK private company.
This plot of dirt hasn't been drilled, but they say they've checked out the termite mounds.
To give up 35% of wiluna assets on the hearsay of gold in the ground because of termite mounds is absolute bulldust.
To top it off, it's coming from a private UK company. The UK invests billions of pounds into mining and are always looking for new investments. This tells me that, they've dragged it around the UK and no one was interested in this plot of dirt.
They have also stated that "a number of north east trending structures are known to host gold". That doesn't mean that there is a single ounze of gold
on this plot of dirt.
"A bird in the hand is worth two in the bush". This saying fits perfectly.
Like I said this company is now going backwards, someone has to make a move to replace these directors. They will have my vote.

 

[System]

On December 5th, 2013, Golden West Resources Limited changed its name to GWR Group Limited.

 

[greggles]

Some strange trading occurring with GWR Group today. Not quite sure what is going on as there has been no announcement. GWR closed at 8c yesterday and has spiked to 18c today on volume of over 500,000 shares.

I expect the ASX will issue a please explain shortly.

 

[Country Lad]

Probably tungsten. TGN has risen 67% over the past 5 days on their tungsten play. I had noted that GWR's Dec report said:

GWR has recently announced exceptional results from a 33 hole RC drilling program completed in August 2017, which followed a highly successful maiden program in 2016 (refer to ASX announcements dated 15 March, 19 September, 12th October and 8th November 2017).

I have been playing with both, in and out of TGN the last couple of days and in and out of GWR today. Made a bit, in hindsight should have stayed in longer. I haven't had a chance to search for other possible tungsten plays - life is interfering.

 

[greggles]

Thanks for the heads up, Country Lad. I wasn't aware of those drilling results. The share price gains today make perfect sense in that context.

 

[Country Lad]

Thanks for the heads up, Country Lad. I wasn't aware of those drilling results. The share price gains today make perfect sense in that context.

Just took the punters a few months to react to the report, TGN probably being the trigger.

 

[greggles]

Just took the punters a few months to react to the report, TGN probably being the trigger.

It appears you were spot on Country Lad. In yesterday's response to a price and volume query from the ASX, the company made reference to the drilling results you mentioned.

GWR was up another 52.38% today to finish at 32c. At one point during the day the share price had reached 41c. A great result for those who recognised the potential of those drilling results in the context of a rising tungsten price and got on board early.

 

[greggles]

After forming a solid base of support at 10c, GWR has made a move north this morning on the back of encouraging high grade drilling results at the at the Golden Monarch, Eagle and Emu prospects at the company's Wiluna West Gold Project. Here are the highlights:

Some nice intercepts there. GWR gapped up this morning following the announcement and is currently trading at 13.5c, up 22.73% on yesterday's close. After several months of languishing around 10c-12c (except for that one brief share price spike at the end of October) it is good to see GWR finally heading in the right direction again.

 

[barney]

Some nice intercepts there.

They've hit some rich narrow veins there by the looks which is positive but it perhaps still too "nuggetty" for the market to get excited. Not sure how to read this one yet …. Did they release their last Quarterly yet??

 

[frugal.rock]

A 3 peak crown... ?
Makes me wonder what's goin on.
I understand they are actively shipping iron ore in WA, if my memory serves me correctly, sharing boats of ore shipments with CUF ?
Feb was a record production month apparently.
Have been meaning to look into this one further, but haven't got that far. Chart looks a little interesting imo.

Probably thinking meh, from the long term chart?
It's the shorter term that gets my goat. Possibly still early in the up trend?

 

[Go Figure]

GWR is my June Competition Selection, commodity stocks seem to be on the nose at the moment, this stock doesn’t have a stack of trading activity and much like many small caps generally any SP movements arise from Company announcements.

Nonetheless this is a well managed company with much potential and is well positioned to take advantage of improved IO prices, I suspect the IO price has close to bottomed for the time being.

It is estimated that for every person in developed countries throughout their lifetime will require 2.5 tonne of IO, given it is expected the number of people living in developing countries will increase by 1.5 billion by 2030 it could mean these IO producing smallcaps may become a giants tasty little morsel.

Best of luck to all.