Market's view on Great Western
Published on April 2024
- Stock watcher notes that there is an increase in activity in Nevada, suggesting that a permit may soon be granted based on typical processing times.
- Discussion on the minimal effects of a recent sell-off when compared to the volume of buys versus sells.
- Concerns raised over delays in gold production, speculating that undisclosed issues might soon come to light.
- Fears expressed about potential insider selling in anticipation of adverse news, possibly leading to a significant share dilution.
- Questions raised about reasons behind a sudden sell-off, with possibilities including general impatience, fear of underlying issues, or imminent share placement.
- A small additional investment made by a stock watcher, expressing anticipation for an update from a company leader named Brian.
- Several mentions of a missing operating permit affecting stock value and operations, with calls for an update on the situation.
- Frustration voiced over the company’s failure to capitalize on high gold prices due to the delay in obtaining the necessary operational permit.
- Upcoming annual results mentioned, but interest from watchers seems focussed more on the status of the permit than on financial outcomes.
- Positive reinforcement on patience being rewarded, indicating belief in eventual positive outcomes despite current issues.
- Comments on the milling operation ready to start but idle due to the lack of an environmental permit, with criticism towards management for not communicating the reasons for delays.
- Official statement from company chairman Brian Hall about the integration of the Olympic Gold Project into their portfolio and its importance, yet acknowledging the pending environmental permit.