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What this company has? The odd GGP investor trying to talk it down it would seem. If you'd been here since 2.1p like me, you'd already know the answers. I suggest you click the link and get reading.
There needs to be an honest discussion about a strategy for GGP holders with a high average to rescue their investment. As you say - it should be on the GGP board but it's impossible because of the paranoid mentality. As a result, the discussion is taking place on other chat boards.
All the posting by LTHs on the GGP board and on this board - both in their own names and new accounts on here as earlier in the week - is designed to convince GGP holders not to move out into a share with a lower market cap to recoup their losses.
It's a bit late - and disingenuous - to start saying it's the wrong board.
A chance to buy into what exactly? Can someone explain to me what this company has? Share some links of the discovery holes drilled that prove they have something that will turn the heads of the gold majors?? How much money is in their bank? What is their drilling program? What warrants are the directors sitting on? What is the strategy to generate revenue?
Is this a WSBN board or a GGP board? I see zero research being shared here. Just moaning over GGP. Silence can speak many words you know.
Agree Jerry. Willem said that his investment strategy does not include investing based on “hope”. That is similar to the casino. Drill some excellent discovery holes first, then investors will have a look.
There's a real problem with GGP as an investment. Even after a long retrace the GGP market cap is still high at £700 millions. At this point in the mine development curve it's difficult to justify it.
Many of the holders at GGP are 50% down on their investment. Some of them underwater with an average in the high 20s and 30s. It's going to be quite a long time before the share price catches up with them.
At some point, these holders are going to understand that top priority has to be to rescue their investment. The only way to do that is pull their money out and try to make up the loss on something else.
It doesn't mean it has to be WSBN but it does mean it has to be a share with a much, much lower market cap.
Are you a geologist? or have a geology background to support such statements about ore bodies, etc??
There's an important point that everyone is missing. There's a line in Bamps21's post that makes it clear that a number of LTHs in GGP are already invested in WSBN. All along the line these same people have been posting on the GGP board that WSBN is not worth investing in.
In other words, it's right for the LTHs to have an investment in WSBN but they don't want the other GGP holders to. That's the reason fo Bamps21's post. It's not about buying in at a lower entry. It's about convincing other GGP holders not to move over.
‘Everyone has been sucked in’ also and including DJH?
What I find interesting, is you joined LSE yesterday and have made just 3 posts and they are all on WSBN advising people not to invest.
Now, most people when they join up to something like LSE and start posting will be newbies, out to ask questions. But no, not you. Here you are giving us the benefit of you knowledge.
Wow, where have you been all these years? We’ve been crying out for someone like you to guide us.
If anyone is investing in WSBN without understanding it’s exploration, then maybe, just maybe, they shouldn’t be investing in mining stocks.
So we have a qualitative interpretation of Wishbones plans by Bamps and a probability assessment by some rampers.
What the rampers of wishbone are doing are fishing for odds. using the ethos 'same geographic location as haverion and so must be gold there'.
I suggest we all read and scrutinize the wishbone material as bamps has done and decipher what is being stated by wishbone management. Following that 'sexy RNS' im beginning to think that wishbone is all style and no substance.
The RNS about strike length and anomalies was just to appease exisiting shareholders and attract new ones. I mean who is a geologist amongst us on this forum who can exactly interpret what those charts say?
Everyone has been sucked into wishbone on a premise of 'possibly massive gains' but on such a premise i dont see any massive inflows from banks, institutions, JV anouncements etc. Thats because institutions and banks are data driven, show me the results and then we will supply the funding.
Wait for the results and then part with your hard earned cash!
Are seen everywhere...every stock has them..even GGP
Funnily enough...when i was promoting HAVIERON back in 2018..lot were jelous/envious after HOLE 1..they did everything they could to bring the shareprice down..in the beginning its always difficult....EVEN after a strike..nothing goes up in straightline....GGP ers will tell u that....
No-one has said RED SETTER IS going to be NEXT HAIVERON......all we are saying due to TERRA SEARCH work/findings.....RED SETTER COULD equal or even better HAVIERON.......it wont be easy to we all know...as HAVIERON find is like once in a LIFETIME kind...where i am putting my monies is the ECONOMICS side of things....RED SETTER if graet GOLD is discovered like EXPECTED then it will be at shallower depths....MUCH MUCH SHALLOWER depths
I am also invested in ORCP....they have just started drilling at NORTHERN ZONE..about 25km away from Kalgoorlie..until recently..it was NUMBER ONE mine in AUS....GOLDEN MILE....itself has produced $100BILLION worth of gold..and still counting
My point is...until another one is struck...investors will keep on trying to find it.....us JUNIORS can just try our luck
MAKE NO mistake about it....NEXT WILL be found....whether that be in PATERSON or other regions we wont know
When HAVIERON was on the cusp.....no-one in the wildest dream thought it would be SUCCESSFUL..at the time..we could only compare it to the likes of...rio trinto's/newcrest discoveries around it..remember..HAVIERON had been drilled and failed previously..in this game one takes their chances...we all know this is AIM...its risky..you dont get MULTIBAGGERS ( ggp 135 ODD BAGS from 0.30 to 40p )..for some 400 BAGS from 0.10 levels..the EARLIER you get in the more you make..the reason u make more is because you took HIGHER risk...another point not many last....most sell and move on after few bags ( I MADE same mistake with ggp due to bashers/trolls "DEPTH's are too deep it wont be economical" etc
RED SETTER does carry risks..we all know
From where i am sitting risk well worth taking..at current prices
LETS say wsbn 10 BAGS...on GOOD to DECENT discovery..thats m/c of around £207m...on RED SETTER being owned 100% ...in all reality it doesnt really have to be anywhere near HAVIERON.....but talk is it could...on other hand lets say..GGP 10 BAGS from current levels..that would take its m/c to £7BILLION for 25% ( eventually )...i am not saying ggp wont get there....all i am saying...i am seeing more vlaue....with wsbn from current levels
I still remember when HAVIERON was discovered...geologist was saying it could take like 40 years for explorers to discover the like of HAVIERON ( true )..its not EASY finding..MONSTER of DISCOVERIES/FINDS.
PPL can bash as much as they like...i have put my monies on RED SETTER as i did with HAVIERON back then...if it comes in..good BANK manager will be HAPPY if not..we just move on..SIMIPLE..
THERE are plenty more BIG finds out there waiting to be discovered..have
They had a chance to buy in at 9p but didn’t, now they want it to drop to 9p to get in, it’s only 2.5p difference why not buy in now?
Spot on, they keep returning with new disguises easy to spot out repeat offender.
I'm pretty new here, but I haven't seen that much ramping, all things considered. What I am starting to see is GGP holders. Make of that what you will.
Spot on Eileen. Not invested here. Steve Todoruk, who is one of the more savvy, and aggressive investors, never invests before a discovery hole is reported. That’s good enough for me.
You might miss one or two pence on the way up but equally you might save yourself the whole 12p on the way down. Risk/reward, and the former is beating the latter by a country mile.
Thank you for your post Bamps21.
Its always good to hear two sides on deciding whether to invest or not.
The endless ramping was making my case for me and that is why i have decided not to invest, until 9p is reached or an RNS is released (whichever is sooner).
I too extrapolated from the magnetic survey results that there appears only to be a trace amount of gold mineralization. '400m strike length' and a 'shallow depth' has been banded about merely as buzzwords to pull the punters in. Other miners within the region in fact assayed gold results at a greater depth.
As for terrasearch, they will get paid for the services regardless of the result. Terra has a huge case of work within the patterson region and beyind put simply wishbone needs terra more than terra needs us!
Bamps so far you are the only one to decipher the map at give it the deserved explanation it warrants. The detail and level of thought you have done in interpreting the map is brilliant. Well done for the research.
Valli, Casper and a few others have ramped up the twitter board to no end.
GLA but im waiting out until the results come through
I have kept an eye on what goes on here, I have to say I’m shocked at the amount of ramping on here and concerned a lot here will experience a fall at some point and I know some of my friends are here.
Some of you think I am against WSBN that’s certainly not the case.
I want to give you some unbiased facts from what I can see.
Quotes I have seen that Redsetter is similar to Havieron what is this:-
The magnetic anomalies are not the same Havieron is deep.
There is no gravity survey like Havieron to base any similarities on.
The pathfinder minerals shown are not the same as Havieron.
The only similarity I can see is the pyhritite alteration which is where the magnetic signature comes from.
I’m looking at
This shows the area of the aerial survey highlighting in red the magnetic targets.
On the right it shows 2 sections , a long section marked 1 and a cross section 2.
Along section 2 there are 3 drill holes shown in blue.
On this page you can see the pathfinder minerals.
Below this are diagrams
Top left is a plan view showing the 1500m strike target and in the centre of it the target, below this plan is a long section showing this target.
This target is situated within the 400m strike length but is not 400m wide, there’s nothing else of note within the 1500 strike length.
Moving to the right there is another section showing the drill holes, it’s a bit deceiving the one on the right is behind and away from the target (see plan).
On this section are shown the 3 drills, in green are shown the copper values.
Looking above this is the drill results
EPT2176 is the one that’s away from the target and it has the highest copper reading and not economical amounts , there’s only a trace of gold not economical, the other minerals are just pathfinders .
The drills haven’t tested the centre there may be gold there but it’s not that far from those drills so looks doubtful.
Moving on down the page to section 2 it shows where they intend to drill through the centre, this drill is only 293m long the centre target is only 50m in diameter.
Redsetter is a spherical target 50-100m it’s not deep it’s a copper play if the grades are economical.
Being spherical more waste must be factored into the equation when processing.
Please do your own research and don’t listen to rampers they will lose you money
David lenigas holds a large investment
. Hes mates with Pouldon. Both have interests in each others company
Here he is, ****ing big time Charlie! Get back on the beak hotshot!
Why would anyone sell out late Friday afternoon when we know news is around the corner.
I can't get my head around some people.
Afternoon rally on the cards before the weekend
Been watching wishbone with much interest, but still waiting to bite.
Thought i had missed the boat on Monday when it hit 14p but luckily has come back down considerably.
Not planning to take a bite till it either hits 9p or the RNS is released from its sampling (whichever is the sooner).
The twitter forum has two persistent and endless rampers, Valli and Casper who ramp up WSBN with every high they achieve but are then quiet as a mouse when the WSBN share price topples.
Besides Richard Poulden (great person, sadly hugely undermined and scrutinized by other posters) are there any other financial backers, major shareholders, potential partners who have our backs?