Wishbone Gold Investors - WSBN

Wishbone Gold Investors - WSBN

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Stock Name Stock Symbol Market Stock Type
Wishbone Gold Plc WSBN London Ordinary Share
  Price Change Price Change % Stock Price Last Trade
-0.20 -2.0% 9.80 14:00:11
Open Price Low Price High Price Close Price Previous Close
10.125 9.80 10.125 9.80 10.00
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Top Investor Posts

thelung: Because the drilling isn't as near term as we were led to believe ("shortly" is now "later this year"), and the Chairman's statement yesterday in the Annual Financial Report included wording which would lead the more cautious investor to assume that he's a cowboy. Those on the inside appear to have made an orchestrated effort to sell around 20p so would imagine they'd be getting back in at the recent placing price of 14p, or lower depending on when the drilling will actually start...... which could be another 4-6 months.
itsyou: jackthecat1, "whats you conclusion" - There's more news to come wrt the POW. "how WSBN have handled things" - quiet on the PR front. IMO they are missing a trick by not having their Patterson Tenements shown on their Website. That was the first place I went when deciding to invest over a month ago, but instead I had to trawl trough all the RNS'. A lot of potential investors wouldn't take that time. The latest presentation on the Website is from 2018! A new one, accompanied by an online Investor event would attract more investors. The key things for me here are the geological comparisons to other deposits locally and the ability to use Telfer to process the feed. Minimal Capex requirement as the plant is already built(Trucks/diggers/mine camp, etc required), or lengthy time to gain environmental/mine permit and then the build/commission.
thebull8: Congratulations to all the institutional investors/high net worth investors They got to flip those placement shares for a nice profit and get a free ride on the warrants. Maybe buy once those 10million been churned and price is around 14p
wapper: Should start to move up strongly now. The Investors @ 14p must be confident that warrants will trigger soon and be hoping that positive RNS re drilling will put a rocket under the share price to enable maximum exercise price.
apfindley: This is being pumped by insider placing participants....People who are widely known to investors.Dont be fooled by their ramping and insistence that its like haverion etc. Are there drill results. No.Always be wary of following certain twitter names who feel the need to post dozens of tweets daily on the same company.
phoebus_av: GUN doing well today. Their South Telfer project is also very close to Telfer and Havieron and some of it is directly adjacent to WSBN acreage. As exploration gets underway we should see major investor interest in both of these excellent micro cap gold plays.
uknighted: And another RNS Clarification re: Completion of acquisition - announced 12 November 2020 Wishbone Gold Plc (AIM: WSBN, AQSE: WSBN) the London listed precious metals trading and exploration company has been made aware that there may have been some confusion by the announcement referred to above and by subsequent media references as regards the references to the "Patersons Range Havieron/Telfer Project" in the above mentioned announcement and/or "Havieron/Telfer". The Company wishes to point investors to the original announcement, as referenced in the above mentioned announcement, of 5 October 2020, wherein it was clearly explained that the Company's new projects were in the region of the Paterson Ranges which host the separate Havieron and Telfer projects as such: The Patersons Range Project has three approved exploration licenses: 45/5297, 45/5408, and 45/5409. · EL 45/5297 is a large is 57.4 km2 tenement and is located only 13 km south-west of the Telfer Gold Mine, which is operated by Newcrest Mining (see attached map as previously shown in the RNS dated 5 October 2020). · EL's 45/5408 and 45/5409 (6.376 km2 and 3.188 km2 respectively) are located about 15 km south-east of Telfer and only about 25 km south-west of the new Havieron gold discovery operated by Greatland Gold Plc and Newcrest Mining. (see attached map as previously shown in the RNS dated 5 October 2020). However, to avoid any potential future confusion, the Company will henceforth refer to the main EL45/5297 project as the "Red Setter Project".
phoebus_av: Metals rebounding strongly this morning and strong demand continuing for WSBN. Can't be long now till we close the deal on our Paterson licences. Given the size and shallowness of the prospects and their proximity to Havieron and Telfer this really has to be one of the most exciting small gold stocks on the LSE. By the time the drill bit gets turning investors will be desperate for a slice of the action. Massive upside incoming. GLA
apfindley: Let's just hope there's not an rns saying they raised at 3.3p with "certain investors" eh. As if.
andysand: Our valuation for Wishbone is thus £31.46 million, which equates to 1.47p based on the number of shares currently in issue (2,144,831,466). Our target price however has been calculated on a fully diluted basis (2,647,913,609 shares) dividing the valuation by the sum of the total number of shares and warrants expected to be in issue by the year-end, plus the 240 million shares that will result from the payment of the deferred consideration for PMI and Black Sands. On a fully diluted basis this results in a per share valuation of 1.19p.https://www.rns-pdf.londonstockexchange.com/rns/7326H_1-2018-11-19.pdf"As the gold trading business is being ramped up and the off-take contracts begin to bear fruit, we expect there should be good news flow over the next eighteen months. Each and every deal in supplying mining equipment brings a long-term off-take agreement, providing a guaranteed additional supply of gold at an attractive discount to the current gold price. This has the potential to create a growing, highly visible stream of earnings for the company stretching well into the future.In this way, each of these deals will add value as the strategy is rolled out in a number of countries. We have refined our model based on the improved understanding we have gained over the past twelve months concerning the capital and operating costs as well as the likely levels of production. What has become apparent over this period is management's desire to become involved in larger scheme involving a setting up a central gold refining facility that is fed by a series of satellite mills. This looks like an exciting development however, at this stage, we have modelled a growing operation that looks more achievable by Wishbone as it stands today. We look forward to revisiting our valuation once more detailed plans become put in place.For a further element of conservatism in our forecasts and as the company rehabilitates itself with investors after a difficult 2018, we update our coverage of Wishbone Gold with a renewed Conviction Buy stance and price target based on 8 times 2020 profits (0.0736p per share – based on a GBP/USD FX rate of 1.29) giving a first price target of 0.589p. The DCF value of 1.19p gives investors an idea of the medium-term upside potential as the company's strategy gains traction.
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