Wednesday April 23, 2014


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When will Great Western Mining run out of cash?

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- Tom Winnifrith

ave written before about AIM Listed Ireland based Great Western Mining (LSE:GWMO) noting that it shares far too many connections with mega joke valuation company US Oil & Gas (USOP). I note that today shares in Great Western are off by 16% at 2p valuing the company at £1.3 million. It doubt very much that it is worth that much. To me the only question is when shareholders will be put out of their misery by this company running out of cash. Its accounts are presented in an “interesting” manner and so long suffering suckers, oops, I meant shareholders may not have realised how grim the picture is.

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