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Member Info for Broxburn68

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Member Since: Wed, 7th Sep 2016

Number of Share Chat Posts (all time): 251
Number of Share Chat Posts (last 30 days): 16

Last Posted: Sat 15:26

Post Distribution over the last 30 days

3 Apr '19

That sounds a bit like retracting your original assertion, matnotan...
3 Apr '19

As stated the appointments are being appealed to the Supreme Court. It's misleading and wrong to give the impression that these positions have been finalised.

If the appeal fails well done to you, but how badly would this reflect on Spain? Overseas investors would see that a political system which allows totally inappropriate appointments to important public bodies (eg Castejon) would be an unacceptable political threat.

I wonder if your fellow villagers in Villavieja and those in Retortillo thank you for denying them the opportunity of earning a good living for themselves an their families? Or is keeping the patio of your second home free from nasty dust more important?
2 Apr '19

Nothing concrete happening with ths CSN situation; the PP have gone to the Supreme Court to appeal the appointments as expected.


Also, I watched this video which was posted on the Hot Copper website and feel it's worth posting here.

You can skip the first 5-6 minutes if you like, but Michael Schellenberg puts forward a compelling environmental case for nuclear energy. The Franco/ German statistics are especially interesting IMHO....


Most U shares holding up well despite the recent dip in Spot Price.
30 Mar '19

We are thrilled to be joint winners of the @UKInvestorShow’s final Dragon’s Den pitch of the day sponsored by Turner Pope Investments. Well done also to
@tekcapital& @kefiminerals #UKIS2019

29 Mar '19

@WhaGwaan, I really don't get what you're trying to put across. I've had a look at your posts and every single one of them seems to be a negative snipe on a variety of AIM shares.

If you have an interesting back story in investing, please share with us.
26 Mar '19

It would be good to hear that the foundations have been laid with regard to the Honduras venture. Whilst we should not expect spectacular financial results so early in the evolution of this project, it would be reassuring to see some projections of future revenues.

Any news on expansion of the model to Thailand or Africa would be a real bonus at this stage.

The Dubai trading license seems to be an underestimated feather in the cap of WSBN, so I would be hoping that the presentation will explain how best use is planned to be made of this going forward.

Some financial flesh-on-the-bones forward looking statements would be most welcome.
24 Mar '19

The large sales in recent weeks have probably been caused by Jane Street Group and Millennium International Management taking short positions in HGM. The disclosed short positions have been given at 2.08% of the company's stock.

I'm not sure if their rationale is company specific or they just don't buy into the gold bull case. I note that Jane Street have significant short positions in Petropavlovsk and Centamin as well. Encouragingly for holders, this hasn't impacted on the share price here judging by continued rises in the lat week.

19 Mar '19

Over 27,000,000 of warrants were disposed of yesterday alone. It's not going to take another six months.

RP is due to make a presentation at the Investor Show on 31st March, so I would expect that he will have issued some figures and projections to make the WSBN case by then.

Using the Align figures, output from Honduras is estimated at 2kg of gold per day. This equates to c.1000oz per month. That's revenue of £12m pa and a GP of around £1.8m.

We'll see how close the actuals are to this, but anywhere near will see our £3m MCAP left well behind.
13 Mar '19

Agreed, EyeGuy, there's large potential to significantly increase MCAP going forward. There's the impression of better PR/ IR being developed at the moment as well. Some example replies from twitter for those who haven't seen them:

"Our strategy is showing sure signs of success but in order to give a detailed and valuable update, we need to take things one step at a time. We haven't forgotten our investors and are working hard to provide you with an update".

"We have a solid trading base and the Company's strategy is yielding good results gradually. Rest assured that we are busy making sure that we can provide all with a further update soon, we appreciate your patience and support."
12 Mar '19

Agreed Paul, I would think that's it's a matter of time before the permits are granted, though this may take quite a while.

If there are issues with the CSN, mining permits could be applied for the other mineralisations mentioned in the Half Year Report, if BKY do not already hold these permissions, which would circumvent the need for Radioactive Authorizations. There are other mines in Spain, eg Ormonde and Atalaya, which have received all necessary permits and are in full production.

Gutted that the moderator has removed matnotan's recipe..I was looking forward to the soup!
12 Mar '19

This article won't translate, matnotan. It could be a recipe for some lovely Spanish soup for all I can tell.
8 Mar '19

Nice buy ot 15.5m later today in context of what's normally traded here. It does look like some good PR is being initiated, so let's see what happens next week.Some of the ramping here is a bit OTT mind you, but I hope you're right! GLA
8 Mar '19

It would seem that it's far more than just the CSN involved this time; the PSOE are trying to fill many public bodies with their own before they lose power. They seem in many eyes to be going over the top with this modus operandi.
8 Mar '19

Surely a constitutional court is set up to uphold just that. The Spanish Constitution. It can't reflect well on Spain if this recourse is actually meaningless?
8 Mar '19

There are legal challenges to the the CSN appointments are there not? I would also suggest that the CSN renewals are not the only government positions which the PSOE are trying to fill with their acolytes before they are removed from power.
8 Mar '19

Oh, hello matnotan. Please expand.
8 Mar '19

It's a bit strange there's not been an RNS here with details of the report; maybe it's only an ASX requirement.

Anyway, no adverse news as you say flundra. If we can get a new government an the CSN nonsense sorted out things will start to look very positive here again. Opposition to the proposed PSOE CSN renewal is strengthening and this is surely unlikely to happen now.


8 Mar '19

This has cheered me up for the weekend...let's see if the rise can be sustained this time.
8 Mar '19

- Production ramps up in Hondurus after parnter receives licence to operate plant and equipment on first mining and processing joint venture site
- Margins set to rise as reverse integration strategy begins to bear fruit
- Opportunities seen in all areas of operations

With operations in Honduras back on track and costs coming down, Wishbone's margins are set to rise as its reverse integration strategy begins to bear fruit.

Wishbone has said it sees opportunities in all areas of operations, particularly in Central America, Africa and Asia.

“The geographic spread is beginning to provide some resilience to our trading and, as we complete the reverse integration process, supplying expertise and equipment to artisanal miners, this will serve to lock up the supply chain to a greater extent and improve margins,” said chairman and chief executive Richard Poulden.

“With this spread of sources of gold over multiple continents we have a solid trading base for the future."

Investors should look out for a streamlining of debt, firm cash flow, and improving sentiment.

8 Mar '19

CSN assessments confirmed and possibly a few new strings to the bow...

Permitting Update:

o The Company has received a number of favourable assessments from various regulatory bodies including two
from the Nuclear Safety Council relating to the pre-operational Surveillance Plan for Radiological and
Environmental Affections and the pre-operational Surveillance Plan for the Control of the Underground Water.
The Company awaits the recommendation report from the Nuclear Safety Council to the relevant Minister.

o The Company has been informed that the local municipality remains unable to grant the Express Resolution on the award of the Urbanism Licence due to a number of outstanding items. These outstanding items have been previously disclosed and are currently being addressed by the Company.


o Soil samples collected near the Salamanca mine have, in addition to uranium, noted significant anomalies for
other elements such as gold, lithium, cobalt, tin and rare earths.

o The company has applied for twelve new investigation permits for all the other elements covering more than
350 km2


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