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#AST: Board changes and new strategy for Ascent as Hutchinson looks at new projects
EXCLUSIVE: Petro Matad announce fully funded 4 well Mongolia campaign


Member Info for EyeGuy


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Member Since: Fri, 15th Jul 2011

Number of Share Chat Posts (all time): 3,017
Number of Share Chat Posts (last 30 days): 264

Last Posted: Sun 19:41


Post Distribution over the last 30 days




Sun 19:41

Great find. And thatís only going to increase amount of gold
Being traded as marginal projects come of stream.
Worth noting blacksand fze (gold trading business owned by wsbn) didnít have their website running even when the sp was well over 1p. Now they are open for business.
https://black-sand.net/precious-metaltrading
Sun 16:44

Good post tradedesk. And I agree. The Sp is a reflection more of the way that the Riverfort shares have been supplied plus placing and warrants rather than there being anything wrong with the company (bar the Honduras delay)
I can see a repeat of the 2016 rise here. Hence happy adding at the bottom.
Fundamentally the company is stronger than in 2016 yet the sp is circa at all
Time lows.
Sun 07:47

Aligns valuation is circa a 9 bag from here

ďOur 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.
Sun 07:44

Mannan- I would say it should be around that already pal. The reasons for the fall from 1.2p have now been addressed.
These plants are cheap and the gold production side doesnít come with a lot of risk. Why?
Because the gold is already being mined and already there. The recoveries and speed of processing (throughput) are poor due to crude techniques. Looking forward to a few bags from here
Sat 15:17

I held these shares when over 1p. Mcap then even with less shares in issue was over £10 mill. We have now much better prospects imo and much better margins. should now be trading at over that
Sat 14:27

and for me, a 16% rise into possibly a small overhang is about as bullish as it gets
Sat 14:26

I don't think Mr winnifrith explained the warrants that well. likely those in the placing have already flipped and that's the stock done. The warrants likely will be presold and then converted after. I doubt folk will be selling their shares to purchase warrants. Rather warrants flipped. Hard to call when a flipper flips warrants because after all its free money. Im guessing that those that made a bit on the placing will keep the warrants for a bit longer. Certainly supply seems tighter and can see a 0.30p before long. may take a decent rns to get that possibly.
But I would expect news on new projects plus Honduras performance soon.
Sat 13:11

I read your posts on this and infa and not sure I agree.
You posting for a financial motive lurker or just to make people feel worse about the stocks they hold ?
Sat 09:59

WSBN for me is a perfect stock at the perfect time.
In terms of shares and funding- the SP for me is a bit artificial - ie more down to the Riverfort finance deal, placing and warrants rather than fundamentals. The loose stock will clear. look at INFA for an example. Their placing was at 0.24p with warrants at 0.48 and 0.6p. When munched through on the back of good news the SP reacts positively.
Perfect timing for me is the gold price and what it means for:
1. AIM investors wanting to add a gold stock
2. The reverse integration strategy. Governments will be aware that they wish to extract value from their untapped resources.

WSBN's margins will be going from 1% from just trading to 8-10% or higher with the reverse integration.

There doesn't seem to be a lot of mining risk as the deposits are already being mined with crude techniques. The plant just adds to the processing speed and recovery, with WSBN benefitting from both and also taking a cut from the gold trading.
And as gold becomes more popular and passes through Dubai, this will also increase the profit blacksands will make with a rising gold price.

target for a slice 0.30-0.35 but should be going higher still imo
dyor
Fri 16:48

A great day and despite some fairly hefty sells - likely placing overhang or warrants it still goes up 16%. Think what will happen when the cheap share sale is over and mms are bidding market price and no overhang.
Think we will be seeing double this over next month or so Imo
dyor
Fri 12:38

its gonna pop soon I think. cant be much holding this back.
Fri 12:37

5th on risers board now.
Fri 12:26

not much left in the 14's. full steam ahead by the looks
Fri 12:25

I always say dyor but Ive locked and loaded here sub 0.10p. and added some more in the 13's too. I think this will double pretty quickly from here based on the margins coming out of Honduras and gold flying and being more popular.
happy to hold until much fairer value.
this had an mcap over £10 million previously on far far less
Fri 12:22

breaking out now. I did think on Honduras news 0.30p-0.50p was nailed on. This was blunted by the placing and resulting overhang but now its clearing my first slice target is 0.30-0.35p.
Align have a target of over 0.50p for starters
dyor
Fri 12:19

Align have revenues estimated at $34.10 million for 2019, and more than double for 2020. Current revenues just over $8 million but margins are 8-10 x higher with this reverse integration compared to just trading gold.
Hope that helps
http://www.alignresearch.co.uk/wp-content/uploads/2018/11/Wishbone_Gold_Align_Update_Nov_2018.pdf
above revenues are estimates so dyor
Fri 12:04

looks good with the gold price going up and margins higher now Honduras is up and running.
Fri 12:00

almost 14's to sell. going up ;-)
Fri 11:58

tradedesk- check out aligns note and expected revenues and margins from reverse integration. its going to be a great year here imo. bit of a no brainer for me to buy against what little stock is left which I have been doing. imo
Fri 11:23

0.15 ask now. Could well go on a bull run boys and girls


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