Skip to main content

GTE

After lacklustre results in June, Great Western Exploration (ASX: GTE) has shown volatility that has allowed plenty of punters to jump in, make a quick profit and jump out again. And repeat.

I expect the next announcements will be:

1. Heritage Clearance Grated at Oval

2. Drilling commences at Oval.

The indications are that this one site could be a monster, so I think everyone is holding their breaths.

At 1.8 cents this is another possible for punters to wipe out their mortgage. I wouldn't expect any assay results back until mid-march 2026, but these guys are also looking good. It needs to be noted that there is a lot of rock to be removed before their hit the gold, this is NOT a near-surface situation and this rock removal will cost money with no income resultant until they hit the gold.

These guys have a long way to go, but I like where they are heading.

Comments

Post a Comment

Popular posts from this blog

A Couple of Updates

 Well, it's Monday morning and the week has started with a bang. First, PFE announced that there was an unexpected problem with their test drill and they have had to abandon that and go to a new test drill site. A delay, but no real issue apart from that. And the market hated that. Good news for those wanting to buy, not so good for existing holders. IMC released their AGM presentation which indicates that there will be some news in December and then a very busy (and hopefully productive) 2025. Sales are good and continuing to get better and better.
Post a Comment
Read more

2025 - an early start

 Ok., so here we go on my Trump-era goal. Just bought MXR (yes, on the ASX). AAR wants to take them over at 7 cents as a scrip payment (paying in AAR shares instead of cash). The current share price is 6.3 cents. So that should be a quick 10% gain. However... this does look like a lowball offer and may yet be increased. MXR has great assets and AAR already owns almost 20% of MXR. So AAR is committed to a deal and that may just attract other attention. It looks like a no-brainer to start 2025. Yes, there is always some risk, but this one looks pretty good. I have done a bit more research and have some exciting thoughts, including one that looks a little like another WGO (which returned handsomely on a takeover). More news coming as I do more reseach.  Another one that looks good for a quick profit is GES, but as I write this, there are no shares at the right price (.05).
Post a Comment
Read more

Out of 2

 I ahd some bills to pay and these 2 got the chop: PFE - such promise, such disappointmen IMC - I always had some ethical problems with this one.  But there it is. Bills paid, and a little left over to find something new with. 
Post a Comment
Read more