GTE info - the last 2 years

Hi everyone,
being a newbie shareholder to Great Western, like a lot of you, I needed to research a bit more about the company.  Our Friday TRADING  HALT, gave me the break I needed to do so.

Over the past two days, I dug up the following data on our company, beginning October 1^st 2015.  The data is  ALL from ASX announcements, mostly the Quarterly Activities and Cashflow Statements. Any  errors  or  misinterpretations  are  mine.

COMMENTS:

1. When I was creating these tables, I thought about what was undertaken in 2016 by the Board. The data makes it appear, a shoe string budget year.  The company acquired Vanguard and with it:  Ives Find, Finlayson and Fairbairn tenements; from that, then later in 2016 acquired Harris Find and May Queen.

1. Examining the actions of GTE in 2017, I see it as a year, where drilling and larger scale fund raising comes into play. Great Western it appears, is soon about to discover how good May Queen is as a gold

Prospect, and Chisel is as a copper prospect.

1. So if the TRADE HALT  is about raising more funds, amongst other things, you can, by quickly following the data trail below, see management’s reasoning behind it. It cost’s money to make money. So far it appears, that they are following a logical train of thought, and that we might be on two winners – May Queen (gold)  and Chisel (copper).

GTE  2016​

	Column 1	Column 2	Column 3	Column 4	Column 5
0	EVENT	Quarter  1  2016	Quarter  2  2016	Quarter  3  2016	Quarter  4  2016
1	ASX  Share Price Start End	------------ Jan – 2.0c Mar – 1.2c	----------- Apr – 1.9c June – 1.7c	----------- July – 1.8c Sep – 1.8c	---------- Oct – 1.6c Dec – 1.4c
2	Appointed Directors Q4  2015 Chairman - Kevin Somes Managing Director – Jordan Duckett Non Exec Director – Craig Mathieson Non Exec Director Terry Grammer Company Secretary – Justin Barton	Quarter  1  2016 Chairman - Kevin Somes Managing Director – Jordan Duckett Non Exec Director – Craig Mathieson Non Exec Director Terry Grammer Company Secretary – Justin Barton	Quarter  2  2016 Chairman - Kevin Somes Managing Director – Jordan Duckett Non Exec Director – Craig Mathieson Non Exec Director Terry Grammer Company Secretary – Justin Barton	Quarter  3  2016 Chairman - Kevin Somes Managing Director – Jordan Duckett Non Exec Director – Craig Mathieson Non Exec Director Terry Grammer Company Secretary – Justin Barton	Quarter  4  2016 Chairman - Kevin Somes Managing Director – Jordan Duckett Executive Director – Ian Kerr (previously MD of Vanguard) Non Exec Director Terry Grammer
3	Fundraising during Q.  Total Ordinary Shares End of Qrtr Q4  2015 31.5million shares  at 1.0c (Dec 31 2015 Cashflow Report) Raised  -  $315,000 220.548 million shares	------- ------- ------- Quarter  1  2016 43.522 million shares at 1.0c (March 31 2016 Cashflow Report) Raised  -  $435,226 264.100 million shares	------- ------- ------- Quarter  2  2016 264.100 million shares	------- ------- ------- Quarter  3  2016 25.00 million shares at 1.5c (July 28 2016 ASX ann.) Raised  -  $368,000 289.100  million  shares	------- ------- ------- Quarter  4  2016 64.5 million  shares at 1.0c (Nov 22  2016 ASX ann.) Raised  $625,000 564.473million shares (Nov 22 2016 ASX ann)
4	Expenditures during Quarter – Q4  2015 Exploration & Evaluation $  39,000  Dec 31  2015 Administration $  71,000  Dec 31  2015 Tenements $	Expenditures during Quarter – Q1  2016 Exploration & Evaluation $  122,000  March 31  2016 Administration $  79,000  March 31  2016 Tenements $	Expenditures during Quarter – Q2  2016 Exploration & Evaluation $ 10,000  June 30  2016 Administration $ 14,000  June  30  2016 Tenements $	Expenditures during Quarter – Q3  2016 Exploration & Evaluation $  106,000  Sep 30 2016 Administration $ 61,000  Sep 30  2016 Tenements $	Expenditures during Quarter – Q4  2016 Exploration & Evaluation $ 38,000  Dec 31 2016 Administration $ 40,000  Dec 31  2016 Tenements $
5	Cash at beginning and end of Quarter Q4  2015 Beginning $    6,000  Oct 1  2015 End $  277,000  Dec 31  2015	------- ------- Q1  2016 Beginning $  277,000  Dec 31  2015 End $ 68,000  March 31  2016	------- ------- Q2  2016 Beginning $ 68,000  March 31  2016 End $ 39,000   June  30  2016	------- ------- Q3  2016 Beginning $ 45,000  July  1  2016 End $  173,000  Sep 30  2016	------- ------- Q4  2016 Beginning $  173,000  Dec 31  2016 End $  620,000  Dec 31  2016
6	EVENT	Quarter  1  2016	Quarter  2  2016	Quarter  3  2016	Quarter  4  2016
7	COMPANY  PROJECTS (Quarterly Activities Reports) Q4 2015 (Jan 29 2016) ACTION - summaries	ACTIONS (Quarterly Activities Reports) Q1  2016 (Apr 29 2016) ACTION - summaries	ACTIONS (Quarterly Activities Reports) Q2  2016 (July 29 2016) ACTION - summaries	ACTIONS (Quarterly Activities Reports) Q3  2016 (Oct 31 2016) ACTION - summaries	ACTIONS (Quarterly Activities Reports) Q4  2016 (Jan 30 2017) ACTION - summaries
8	CHISEL PROSPECT Completed 3 RC holes.  Aim to confirm historical results.  Matched historical results.	VANGUARD purchase (ongoing) 150.8 GTE shares issues.  Ian Kerr ex-MD of Vanguard now Exec Dir of GTE	VANGUARD purchase, (ongoing) brings in Ives Find, Finlayson Prospect and Fairbairn into GTE.	VANGUARD purchase approved by shareholders (GM  Oct 25th 2016)
9	YERRIDA  EXPLORATION Desk bound research only ? No specifics	IVES FIND purchased from Vanguard 52 shallow RC holes done by Vanguard	IVES  FIND  Initial drilling by Vanguard at Bell Miner, Duck and Duckling, some gold mineralization.  More work required.	IVES  FIND  (gold –lithium)  lies within Yandal Gold Province. Vanguard has proven high gold findings though drilling, some significant silver assays also found.	VANGUARD acquisition completed. HARRIS  FIND  obtained 80% majority interest.  Two exploration tenements – E53/1612 and E53/1816. MAY  QUEEN  is within Exp. Ten. E53/1612. IVES  FIND  is next door to Harris Find  and May  Queen.  The PRIMARY FOCUS of Ives and Harris Finds is gold mineralization. COMMENCED  DRILLING at  Ives  and  Harris Finds  Jan 19th  2017.
10	DOOLGUNNA  PROJECT 8 untested EM anomalies at Goodwin	FAIRBAIRN COPPER PROJECT – no work done this Q, Ives and Fairbairn MAY have lithium holdings	FAIRBAIRN  -  only historical records to go by, no work done at Fairbairn. Some prospective areas identified.	YERRIDA  PROJECT 1300 sq.km within Yerrida  basin GOODWIN  -  copper; NEW SPRINGS – nickel cobalt; CHISEL  - copper; FINLAYSON – gold NOTE – no field work done at Yerrida this quarter.  Next to GTE at Yerrida are:  Sandfire (2300 sq km); Metalicity and Dragon Energy Ltd.	YERRIDA  PROJECT 1300 sq.km within Yerrida  basin.  No field work done at Yerrida this quarter.
11	CUNYU  PROJECT  JV (70%) Works with Glencore –drilling for nickel and gold – vague	DOOLGUNNA  PROJECT – 8 untested EM anomalies at Goodwin Prospect.  EM survey required	DOOLGUNNA  PROJECT – 8 untested EM anomalies at Goodwin Prospect.  EM survey required I  INFER -NO work done this quarter.	------------------	-----------------
12	Paroo Project Looking for copper  sulphide, using historical findings - vague	NEW SPRINGS  PROJECT  - targeting nickel sulphide. Aerial surveys carried out. Post 3D modeling required.	NEW SPRINGS  PROJECT  - historical records so far. Possible nickel sulphide deposits. Only EM aerial surveys done so far. I  INFER - NO work done this quarter	NEW SPRINGS  PROJECT  historical work only in the 1990s and 2000s. Only aerial work done so far.	-----------------
13	Yerrida nickel- copper-gold strategy Drill at Chisel to confirm historical results.  Further work at Goodwin EM surveys, further drilling.New Springs maiden drilling. Finlayson gold follow up geochemical survey.  LOW  COST  STATEMENTS	CUNYU  PROJECT  JV with Glencore.  Possible nickel sulphide, JV expires May 30 2017.  Finlayson Prospect , looking for gold working with Glencore	CUNYU  PROJECT  JV – drilling undertaken by Glencore, some traces of nickel sulphide.  Finlayson Gold Prospect, drilling done by Vanguard, some gold find prospect there.  More work required. I  INFER - Here GTE comes in as partner and new owner, but NO WORK done by GTE proper.	CUNYU  PROJECT  JV GTE looking for cobalt in Cunyu tenement.	----------------
14	---------------------	-------------------	PAROO  PROJECT  -  historical records only, work done in 1990s, no follow up. I INFER - NO work done this quarter	-----------------	----------------
15	---------------------	-----------------	CHISEL  PROSPECT  - may have copper holdings similar to Degrussa and Monty deposits.  Three RC holes drilled this year, 2016.  Follow up work required.	CHISEL  PROSPECT  -historical work done in the mid 1990s. Only aerial work done so far.	-----------------------
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GTE  2017​

	Column 1	Column 2	Column 3	Column 4	Column 5
0	EVENT	Quarter  1  2017	Quarter  2  2017	Quarter  3  2017	Quarter  4  2017
1	ASX  Share Price Start End	------------ Jan – 2nd 1.3c Mar – 27th 1.5c	----------- Apr – 3rd 1.4c June – 26th 1.1c	----------- July – 3rd 1.4c Sep – 25th 1.3c	---------- Oct – 2nd 1.4c Dec – 1st 2.4c
2	Appointed  Directors	Chairman - Kevin Somes Managing Director – Jordan Duckett Executive Director – Ian Kerr Non Exec Director Terry Grammer	Chairman - Kevin Somes Managing Director – Jordan Duckett Non Exec Director – Terry Grammer Non Exec Director - Rimas Kairatis (Resigned from the Board and now  Field Manager  -  Ian  Kerr)	Chairman - Kevin Somes Managing Director – Jordan Duckett Non Exec Director – Terry Grammer Non Exec Director - Rimas Kairatis	Chairman - Kevin Somes Managing Director – Jordan Duckett Non Exec Director – Terry Grammer Non Exec Director - Rimas Kairatis
3	Fundraising during Q. Total Ordinary Shares End of Qrtr	20.0 million shares at 1.25c and 25.0m options at 2.0c June 30 2020 (Q1 Mar 30th, Apr 28 ASX) Raised  -  $250,000 584.473m	NIL  THIS  QUARTER	230 million shares at 1.1c raising $2.5m (Q3 Sep 30th, Oct 31 ASX) Purpose:  drilling and exploration at Yandal Gold Project (Ives, Harris and May Queen); and exploration of Yerrida and Fairbairn projects. Raised- $1,661,000 (ASX Q3 Cashflow Oct 31) 814.473m	--------------------
4	Expenditures during Quarter	Exploration & Evaluation $  125,000 Administration $   62,000 Tenements – new $  148,000	Exploration & Evaluation $  179,000 Administration $   78,000 Tenements – new $  435,000	Exploration & Evaluation $  297,000 Administration $  112,000 Tenements – new $  83,000	Exploration & Evaluation $  -------- Administration $--------- Tenements – new $--------
5	Cash at beginning and end of Quarter	Beginning $  620,000 End $  522,000	Beginning $  522,000 End $  680,000	Beginning $   680,000 End $1,799,000	Beginning $  ----------- End $  -----------
6	EVENT	Quarter  1  2017	Quarter  2  2017	Quarter  3  2017	Quarter  4  2017
7	COMPANY  PROJECTS	ACTIONS (Quarterly Activities Reports) Q1  2017 (Apr 28 2017) ACTION - summaries	ACTIONS (Quarterly Activities Reports) Q2  2017 (July 28 2017) ACTION - summaries	ACTIONS (Quarterly Activities Reports) Q3  2017 (Oct 31 2017) ACTION - summaries	ACTIONS ---------------------
8		YANDAL WEST  GOLD  PROJECT  - potential for Ives/Harris to be similar to Mt MClure or Bronzewing gold deposits, 55km away to the south and south-west.	YANDAL WEST  GOLD  PROJECT  -rock chip samples taken; detailed aeromagnetic survey completed; aeromagmentic interpretation well advanced by Newexco Consultants.	YANDAL WEST  GOLD  PROJECT  - Three components to Yandal West:  Ives Find (100% GTE) , Harris Find (80% GTE) and May Queen. Continuing infill soil  sampling undertaken, 1,033  samples so far. May Queen area, has been found to have a 3.5km x 1.5km wide gold-in soil anomaly. Preliminary completion of aeromagnetic interpretation of area by Newexco Consultants has identified May Queen as highly prospective. A 3,000 Rc drill program to begin at May Queen in October. The first phase of this program to be available by early DECEMBER.	------------------
9		YERRIDA  PROJECT  -  Yerrida  North.  Farm-in agreement with Sandfire Resources NL being presently negotiated.  SFR gets 70% and first 50,000 tones of in-ground copper	YERRIDA  NORTH  JV  -  Sandfire (SFR) to commit $1.7m over 3 years; GTE to receive $0.5m in SFR shares as part of the transaction.	YERRIDA  NORTH  JV  -  Sandfire (SFR) to commit $1.7m over 3 years; GTE to receive $0.5m in SFR shares as part of the transaction.  The Sandfire JV agreement  was completed  on the 9th of June.	-----------------
10		YERRIDA  SOUTH  - GTE can now focus on its southern 965 sq. kms for copper and cobalt.	YERRIDA  SOUTH  PROJECT  - CHISEL  PROSPECT  - Geophysical gravity data survey undertaken Newexco Consultants, shows a shallow anomaly, which may be a copper deposit.	YERRIDA  SOUTH  PROJECT  - Two prospects have been identified:  Chisel (for copper)  and Frustration Well. CHISEL:  GTE finalized a detailed 100m x 50m Gravity Survey to commence on Oct 28th.  To follow will be precise 3D modeling of the area, then a high impact target drilling program.	------------------
11		---------------------	CORPORATE  NEWS:  Mr Rimas Kairatis appointed as Non Exec Director. He is to focus on the Yandal Gold Project.  He is a geologist with over 24 years experience, and has managed gold exploration companies from exploration to production. (May 31 ASX)	--------------------	-----------------
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As usual DYOR and I hope that I’ve helped you out, a little bit.
Bring on Monday !


Cheers,

Bluequartz