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CoolMax
How do we know they got funding?
Finally pulled off the bottom. Should be many bags to be made from this level.
GGP No2 serious potential
Way Way oversold, they have funding for the exploration and hopefully will provide some good results, good luck all holders
This should continue to re-rate upward for weeks & months from these oversold levels.
Assays due from Cotesloe
Cashed up now for the next planned drill program
Due diligence already completed ahead of drill program
Geologists confirm Significant gold nuggets within our Crescent East tenement land package.
The tenements are well endowed with gold, with historical results from within the project area that include:
o 95.5g/t gold ("Au"), 91.8g/t Au, 117g/t Au (original + 2 assays) (#800284)
Crazy cheap market cap here atm considering all the various land packages and cash held + Government grants.
I hope the herd are on their way at last. Nothing like a 7% increase to attract the traders looking for a quick £10 profit.
So few shares and such a low price this should carry on until we get the news we are all waiting for.
GLA GT1
Plenty of buy trades “hiding” over on the Aquis exchange. Once the MMs let this go it could hit 2p in a heartbeat as herd arrives.
Gate slightly back open for buyers at 1.24p atm
But not much stock on offer at these insanely discounted levels.
GLA
Was NT to buy for £20k then £15k then £10k
Then NT to buy for £9k then £8k then £7k then £5k
NT to buy now for £2k!!!
Topped up this am....time to rise
Oversold
Hmmm.
NT To buy for large buys all of a sudden.
Not going to be easy to jump in here with size.
GLA
@diggit / prof1 - agreed.
@ LW - with present lab turnaround times, we can't be far away now and we should then be into back to back news of then both modelling up / interpretation the results into a potential target resource whilst at the same time starting up the new exploration camp, field work and drilling at mosquito creek so about to enter a good period for news flow here.
What did EEE have a year ago?
Just a handful of range traders, one or two posts a week, and a geo mag survey suggesting they had a potential copper resource.
When they hit the titanium, alot of the posters over there didn't even have a clue as to whether the drill results were any good or not. :-)
Roll on a few months and it's trading around £60m market cap and arguably should be, and has been much higher.
Still similar exploration success here and that's 20 x bagger up from our lows here of sub £3m market cap.. which is just plain silly. & grossly oversold.. even in these markets a company with all our licences with the work done so far and collared holes ready for deep Diamond drills and Assay results pending and about to start drilling in a few weeks on a highly gold endowed licence such as mosquito creek woud probably come to market between 15-20m market cap minimun.
As I posted over on the He1 bb recent.....
"GGP actually hit £1.5bill market cap at its peak in the run up to their Maiden Resource Estimate.
That was quite some run up from the days when it was only around £5mil market cap on its lows.
But an amazing example of how exploration comps have a tendency to both overshoot to the downside and then on success can violently correct and often speculation can fuel the SP massively to the upside"
The Cottesloe results can't be too far away now?
Silly MCAP here imo, limited money is just chasing the boom stocks on a weekly if not daily basis. Totally out of favour sector until the worm turns. Only advice is to buy at all time lows and wait it out. GLA. :o).
I will make the same point I made before - if another company, based on sheer scale but grades of 0.26g/T, can look to make 40m ounces, then we have here a great chance in the projects we have to achieve positive outcome
The reason we are as low as we are is we have nothing the market finds interesting, the interest is not here and unless the companies starts to show improvements with PR and next set of results being good the share will continue at this level or even drop further.
I really hope something good comes soon.
The Paterson Region is attracting significant exploration interest.
With a market value of less than £4m Wishbone Gold attracts the lowest market valuation of a group of Western Australian focused exploration companies (including itself) operating in the region which suggests that exploration success could trigger a meaningful re-rating.
COMPANY........................ MARKET CAP
Greatland Gold ...............400 mil
Capricorn metals ............1.6 billion
Genesis Minerals.............1.76 billion
Musgrave Minerals ..........115 mil
De Grey Mining ................1.357 billion
Calidus Resources ............69 mil
Ora Gold.............................7 mil
Ora Banda mining..............147 mil
AusGold ........................ .... .72 mil
Astral Resources ...... . .. ..... 34 mil
Alto metals ..........................23 mil
Maximus Resources ............7 mil
Black cat ..............................64 mil
Kairos Minerals ....................22 mil
Tarramin Australia.............. .34 mil
Kalamazoo Resources...........13 mil
PEER Average market cap 241 mil
Western Australian peers average market cap of 241m suggests that WSBN could have a significant re rating of the SP from the present lows.
I thought I recognised you from one or two of the other bb's!
If you scroll back through my posts, I actually reposted a few of my posts from the 1p days over on EEE and ORR just a few days ago on the GOLD discussion bb.
I remember when hardly anyone else was posting on there at that time as I was discussing it with another poster who is also invested
In EEE but rarely posts over there now.
It's really taken off since and the rest is history.
AGEOS has put together some excellent technical analysis from a geo perspective on both WSBN, EEE and OMI.
On the later there is a post where they have taken the data from the historical technical report from 2019 and resource model that already exists for APTA
They then took all fhe drill data post from fhe last few years to model a target/potential resource block model which I thought was an excellent post and demonstration of these bb's working at their best.
Well noted PP….It was AGEOS posting previously that got me aware of wishbone as we are both holders of Empire from the circa 1p days and he is very knowledgable on geology.
Like rest of the market I was waiting here for the inevitable funding which was recently announced and it was quite positive as it was not at a discounted price (1.2p) and was not for a large amount and so I am hopeful that there is good news coming soon to propel the SP upwards from current lowly market cap.. Now I am just wanting to see these daily 1 million x 1.1p sell trades come to an end. I don’t think they are forward selling the placing shares as would make no sense to take an immediate loss, but who knows…….Placing shares come to market on 8th Feb so will be interesting to see what happens when they are in play.
I recall you posting intelligently on OMI in the past for the benefit of others on the board. That’s another oversold explorer with good assets who should come good in future. Appreciate your ongoing contributions here on wishbone.
*broker note
If anyone has any issues getting access to the broker nore, I'll look at posting up some info on here at some stage tomorrow
@28jaczar01
Good to see some more looking in and welcome.
Always the dumb money that offloads at fhe bottom or near to the bottom of the trading range, but If you look at the trades intra day across both the AIM market and also on the aquis market there has been little to no selling of any size at all over the past few sessions.
The spread has also been incredibly tight
.
Roughly 119/115.
I'd seen the after hours trades likely just books being rebalanced. Any PI selling looks to have exhausted.
The bid has actually been firming up over the past week with dummy quotes to sell moving from 1.08 to 1.10 to 1.12 to 1.15
No doubt plenty of other former holders who are out there also keeping a very keen eye on things who were in for the ride up to 20p last time
I have been in and out and got myself into a free ride on one of the many previous spikes.
Started scaling back in a few more in recently whilst we are down here and the funding has been sorted, as its always a difficult task trying to pick the absolute floor in a stock you want to be in that you has a habit of spiking up fast.
It can be a heartbreaker to put in the hours of research, have your finger over the button only to hesitate and then miss out as it goes on the multi day rally that you were expecting it too and instead of pulling back, it releases further good news and before you know it its 6-7p and that quote at 1.1ish didn't feel like such a bad idea after all.
If you get chance, take a look at the WSBN research Note published by the mining analyst John Meyer.
There is some good sector peer analysis of a dozen or so other exploration companies specifically operating in the patersons region where the EV/market cap analysis demonstrates a potential material re-rating for WSBN on a success case of anywhere between 10 x to 100 x times.
The sells are peanuts in the scheme of things to unfold here on the projects. GLA
Buyers having a nibble on AQUIS platform...a bit of volume and were off
@Nearvana
Yes, they have done well to get the WA government onboard as part of the EIS funded drilling grant.
Having the government on side is a big boost as from experience of other aussue exploration comps that once you successfully secure government funding for drill programs it opens the door for further rounds of successive grant funding and also the government would not be allocating tax payer funds to WSBN if they didn't see the merit in the project.
Quietly confident that 2024 will be a transformational year here with all the planned work programs at Cotteslow, Mosquito Creek and Red Setter