$GWM.v - GALWAY METALS
Ok, it’s time to get back in.
I left $GWM in no man’s land for a while with a 1.5 to 2% position, but today I doubled it as we are approaching the updated MRE.
This is the last chance I give $GWM, and this should be the kicker that finally gets it going.
I’ve studied every news release since their last MRE in 2022. If the updated one delivers what I expect after reading all the drill results since then, this stock should surprise and #POP to the upside.
The key for me is that since the 2022 MRE they have delivered a long list of strong drill results from Southwest, South and North, meaning this update should not just be about adding ounces, but also about proving that Clarence Stream is becoming a much stronger and more advanced project.
The updated MRE is expected here in June, so it’s time to position while the entry is still attractive from a risk/reward standpoint, especially as #Gold looks like it is bottoming and heading higher in the coming weeks, unless the #Iran situation gets out of hand.
Now it’s simple: deliver the MRE, prove the growth, and let the market decide.
The 2022 MRE was at #GOLD $1650 - now it's $4500 and going higher, meanwhile they have probably added 1-2M ounces gold at great economic grades.
PS: See picture #2 for some drilling highlights the past 3 years.
I’m back in with around a 4% position right now. This MRE is their chance to re-rate. I dont want to miss it while they have a monster chart waiting for the catalys. See picture #3.
52 week high $1.01, now $0.61.
Soon: bigger resource, great grades, rising #Gold.
@Silver__Santa My Eqty down 11% today. They can’t even release an MRE. What do I have to do go down to their office and pry the document out of their hands?
@TheApeOfGoldST It's still choppy waters and I'm hoping that silver doesn't break down. It is resisting going up multiple times now. I'm a bit worried about the 'structure'