Wishbone Gold Share Discussion Threads

[mam fach] 01/5/2019 13:37

That's why we are holding - hopefully massive gains.

[andysand] 01/5/2019 12:57

Well, you say that...but this comes from investor show 2019. So he is re-confirming that they will be profitable this year. https://youtu.be/kl9lMM49SL8At the moment, all looks good and it seems to be poised for massive gains. We will see!

[sammyshares] 01/5/2019 11:14

Will the carpet be pulled from under?

[sammyshares] 01/5/2019 11:13

pumped on twitter.

[andysand] 27/4/2019 14:06

Yep. It's true. I'm not sure whether it's here s assessment of the companies that's wrong or whether it's just his timing. All these companies may well go on to great things. Unfortunately that's not much help if you are 95% down before they take off.

[plasybryn] 27/4/2019 07:42

My Home was a bad experience which also caught Nigel Wray out.

[andysand] 26/4/2019 12:09

You are not looking very hard. It's easy to try to instil fear when there is little news coming from the company. https://medium.com/@stillman_crypto/arbitrades-press-conference-and-the-dig-gold-deal-with-scotia-international-of-nevada-inc-842656912b4f"Connections like this might not seem that significant to the deal at hand with Arbitrade but it underlines that the people at Scotia International of Nevada are well connected and veterans in the gold space. This is also proven by their partnerships: SION's branch in Honduras is partnered with Wisbone Gold PLC?. Wisbone is an "AIM listed company operating in the precious metals market headquartered in Dubai, UAE."

[pwhite73] 26/4/2019 07:35

andysand

There will certainly be news over the next couple of weeks. The finals or suspension by 30/06/2019.

newtothisgame3

Below is the website for Scotia International of Nevada, Inc. Where does it say they have operations in Honduras?



Have people learned nothing from the PCGE Chinese licences fiasco. And whatever happened to the Kahnawake Canadian gaming licences?

[newtothisgame3] 26/4/2019 06:29

#Wishbone #Gold PLC (LON:#WSBN) Arbitrade’s Press Conference and the $DIG Gold Deal with Scotia International of Nevada, Inc.
Facts about the Company providing $10 Billion in Gold Bullion

#Wishbone #Gold PLC (LON:#WSBN) Blue Sky:

[andysand] 25/4/2019 15:10

Fingers crossed for us both then. I think there will likely be news over the next couple of weeks so we'll see.

[bernieboy] 25/4/2019 15:02

Thnx Andy. I took a few yesterday at 0.0779. Looks cheap to be honest but RPs track record doesn't inspire much confidence.

[andysand] 25/4/2019 14:32

These big AIM fluctuations make a big difference the the eventual returns too. Right now, the price looks ridiculously cheap. It's only got to get to 0.15 pence and it's suddenly only a 10 bagger instead of a 15 bagger. That's the power of compounding for you:)

[andysand] 25/4/2019 14:23

I think it was November.

[bernieboy] 25/4/2019 14:22

Andy when was that research note published?

[andysand] 25/4/2019 13:49

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.

[andysand] 25/4/2019 13:43

If the latest research note is correct, this would be a 15 bagger. So a £5000 investment now would turn into £75,000.That's a pretty big if. But certainly worth holding a few in case.

[andysand] 25/4/2019 11:35

That's a wild statement. These buys and sells are all small fry. They are almost certainly private dealing. Much too small to be anything else.

[pwhite73] 25/4/2019 08:18

These are not PI sells. They look like someone with a notifying interest selling down at any price. Now I wonder who that could be and why?

[andysand] 24/4/2019 16:09

Actually, I think this is very likely to 'pop' very very strongly. I have been watching for about a year and I now think it's time to get onboard.

[mam fach] 18/4/2019 16:34

Thanks.No high expectation here for good news from tone of posts.
Pity.

[bonzodog1] 18/4/2019 15:37

Update due

[mam fach] 18/4/2019 14:48

More trading than usual last few days.
Looks like mainly buys. Anyone know the reason ?