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Great Western Mining Corporation

16:50 on 21/11/2017

Current Price 0.90p | Bid 0.90p | Ask 0.91p | Change -3.21%

Company Overview

Great Western Mining, incorporated in 2004, is a mineral exploration company focussed on copper, silver, gold and other mineral targets in Mineral County in the US state of Nevada. Since incorporation, the Group has surveyed and staked 896 claims comprising of a total of approximately 7,305 hectares. These claims are split into three groups covering six separate areas: The Black Mountains Group 198 full claims and 36 fractional claims over an area of approximately 1,848 hectares; The Huntoon Group This area comprises of 164 full claims and 12 fractional claims and covers approximately 1,396 hectares; The Golconda Thrust Group This area contains 486 claims spread over four separate blocks covering approximately 4,061 hectares in total. Great Western Mining was incorporated in Ireland on 20 October 2004 and its ordinary shares were admitted to trading on PLUS in October 2006 where the Company successfully raised €2m. This sum was used to fund the acquisition of claims, the acquisition of data and the preliminary survey work including aeromagnetic and ASTER image studies, preliminary sampling, metallurgical testing and general overheads. GWM has also identified eight further sites and has the intention to explore them further. In August of 2011, the Company raised £0.98m (before expenses) through a Placing on Admission to AIM. The net proceeds from this fundraising will be used to explore the previously eight identified sites, the purpose of which is to evaluate and rank the eight targets and advance one or more of them to the drilling stage subject to results, which the Directors believe will enable it to establish a resource estimate and prepare a preliminary feasibility study for the development of a mine.

Stock Details

EPIC GWMO
ISIN IE00B1FR8863
Shares in Issue 264,823,806
Market cap £ 1.09m
Sector Mining
Indices FTSE AIM All-Share Index

Financial Highlights Year Ended 31/12/2015

Turnover €0.00 million
Operating Profit €-0.34 million
Dividend Yield 0.00
Dividend Per Share 0.00
Dividend Cover 0.00
P/E Ratio -4.10
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Key Personnel

Melvyn F. Quiller CEO

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Price Summary

Mid Price ? 0.91p
Bid Price ? 0.90p
Ask Price ? 0.91p
Volume ? 2297503
Change Today -0.03p
% Change Today -3.21%
Open 0.92p
Previous Close 0.91p
Intraday High 0.92p
Intraday Low 0.90p
52 Week High 0.64p
52 Week Low 0.33p

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Broker Consensus

The above information represents a selection of the views and target prices published in the last 120 days by analysts in individual stocks. It is subject to change without notice and may not necessarily be the view held by Redmayne-Bentley.

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