Wishbone Gold Share Discussion Threads

[richie666] 29/12/2018 10:16

4. Oilex – current price 0.34p

Oilex was one of our better picks last year with regards to maintaining price appreciation. We have full confidence in management here and have called the stock to a tee in recent months post the High Court of Gujarat ruling on the 5th November. Essentially, following the court ruling, GSPC were compelled to submit to arbitration but in recent weeks the company has confirmed that they are in discussions with GSPC in regards to a more speedy and amicable solution. Put simply, we are confident that this is what will ultimately occur and likely in early 2019.

We covered a couple of scenarios per HERE and revisit the likely scenario where Oilex agree a resolution with GSPC and a new partner is brought in resulting in a farm down to 30% of Cambay on Oilex’s part – a scenario that is resolutely in all parties interests. Should this occur, on a fully diluted basis, this equates to just over 0.9p per share using a conservative discount rate of 12%. Should the standard 10% discount rate be applied, this results in circa 1p per share.

Again, with the soured current oil market backdrop dragging the stock lower, at the current price of 0.34p (which is a discount to the placing carried out at 0.36p only 2 weeks ago), we believe there is no positive resolution expectation at all currently in the stock price. The stock can be volatile and move 50-100% in a day and as investors have seen, buying the shares on a blue day on news is exceptionally difficult. For those investors who, like us, believe a resolution with GSPC is now imminent, the present price has provided for an exceptional re-entry/addition opportunity. We remain long of the stock and look forward with a high degree of optimism to an update regarding the alternate settlement negotiations in the near term.

[mreyeguy] 29/12/2018 06:10

Just wait and you'll be 70% down next week haha. If only you knew what I know haha so enjoy mug

[cudmore] 28/12/2018 22:17

Mreyeguy

You’ve been deramping this for weeks. Shame you didn’t buy when you started as you’d be about 70% up 😂😂😂

[richardjohn10] 28/12/2018 19:52

Good crack

[mreyeguy] 28/12/2018 19:33

You sound like a mug if your entering this as there's no good point in my opinion haha

[richardjohn10] 28/12/2018 18:06

I agree about the pull backBeen the same all year, a stock rises onto leader board, day traders jump on it then it crashes as they seek the next one.However I like the look of it so will look for good entry point. IMO of course.

[mreyeguy] 28/12/2018 18:03

Who's buying this sh1t ? My opinion it's over bought so expect a pull back in coming days! Don't get mugged off on this one haha

[cudmore] 28/12/2018 16:22

Pile them up before 3rd!!!

[richardjohn10] 28/12/2018 15:40

The day traders will leave so automatically get a pull back

[dubian99] 28/12/2018 14:59

'production will accelerate in Jan', that is news, this isn't in pullback mode,

[ukdannyboy] 28/12/2018 14:30

I got rid of half at 0.16 so sitting on mostly freebies now. Will look to buy more if it dips back down but could go either way hence keeping some. Next year should be good for all but this years accounts probably won’t be great so could be a good opportunity to buy back if they drop off those (hopefully they get them out sooner rather than later and it can get a good rise in going forward).

[richardjohn10] 28/12/2018 12:36

It will consolidate and fall back before news.

[richardjohn10] 28/12/2018 12:33

Possibly, I'll wait and see GLA

[sigora] 28/12/2018 12:24

im sure some of that will have been of loaded by now thats how these placings work , lucky the ones who get in cheap sell some for quick 20/30% profit keep rest and of load later

[richardjohn10] 28/12/2018 12:13

Placing shares on 10th Jan

[noirua] 28/12/2018 11:20

Appears to be hitting choppy water at 0.17p - 0.18p...

[richardjohn10] 28/12/2018 10:11

Nothing goes up in a straight lineThere will be another opp to get in

[glenbo1] 28/12/2018 10:01

He is a plum mate

[cudmore] 28/12/2018 10:01

Richard

These will continue rising. Do the maths. Get in today if I was you before 3rd.

[richardjohn10] 28/12/2018 09:50

I want in but I'm not buying a spikeWait for it to settle me thinks

[ukdannyboy] 28/12/2018 09:10

@MrEyeguy what you saying now you absolute mug.

[noirua] 27/12/2018 13:30

WSBN has done well today despite dreadful markets all round. Should go higher but take care. Placing shares come to market on 10th January.

[cudmore] 27/12/2018 13:19

Getting stock under 0.25 will be an excellent move in weeks to come.