Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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After RNS, even if it returns only to its floating average for past few months ( around 11) that will be rise of 20-30% No too shabby in my view.
Obviously different people have different targets and there is risk attached to every investment , but risk ratio is pretty low if you target is not too high.
If they release results of their samples which I think is what we waiting for and outcome is good, the sp rise will be much higher.
Also do t forget they have more than red setter to work on.
Burleigh, and others. I totally understand the top ups at this level, as I’ve invested myself. I do think there’ll be a healthy rise at some point once further updates are published. The only thing I can’t advise on, is the scale of the project or any estimations moving forward. But that’s why the market is providing such a cheap entry.
I also topped up my share level this morning as SP today is to good to miss.
Totally agree, lowest price in a year, topped up this morning (hopefully caught it at the bottom of the price curve!)
I think at this price, it’s well worth getting in, the announcement is well overdue and so can be expected to drop RNA sooner rather than later.
Once the announcement to drill is done, this will go up, even if the drill is to be in February which is only few months away. Some great returns are to be expected imho
Announcing *** :D ha
That article I pasted before, from 20th May about an licking the commencement of drilling shortly. I wouldn’t say it caught shareholders out, but a lot read too much into it, myself included. The share price shooting from 12.6p all the way up to 19-20p by the 26th May. A 50%+ increase without even sticking a drill into the ground, just a couple of words
Happens all over the AIM in fairness, it’s a crazy market that’s for sure.
RP is chairman of Valereum blockchain. That has been getting some attention lately from him. From the wishbone Twitter, there’s been more tweets about other regional companies lately (GGP AZY) than Wishbone itself(check out the latter mate you’ll love it. Not on LSE though). Until the right news is ready to deliver, I can understand the difficulty in trying to communicate with shareholders, trying not to spook the share price
But if news is slow, it’s the company objective to create news, create value, and/or provide shareholders with an update. Otherwise, what are the shareholders actually investing in ?
I’ve actually seen a couple of PI’s speculate that drilling won’t commence until 2022 now. Probably just pure guess work based on 2021 activities but who knows. Like you say LW, get the balance right. Power Metals being a prime example. Not my cup of tea but understand why investors choose to lay their money here. Their communication channels, daily updates, interviews, news articles, acquisitions. They’re certainly kept in the loop but there’s that much on their Twitter feed, you read some of their RNS reports and they’re almost redundant, or have already been diluted out. BALANCE.
We don’t live in a perfect world so this can sometimes be difficult to follow. But you need something. Depending on the next RNS or 2, il make a decision whether to trade this or leave them for 2-3 years. I like spending hours researching stocks, following the journey and growth of junior companies so trading isn’t something I’m accustomed with normally. But we’re all here to make money so il let the company try and convince me that Red Setter has years of growth in it, and il see.
Drilling commencement date
Metres being drilled in 2022
Ongoing work elsewhere
Initial assays of course
If it’s anything like 2021 has been I won’t be sticking around. I’ve just seen how fast this can move, so If the price allows, il continue to average down. It’ll bounce eventually and make a run, just depends when. Hopefully soon.
Not a fan of companies that leave shareholders wondering for large periods. That kind of situation is never really great for any investment. They need to get the balance right. How active are WSBN when it comes to the media side of things? I'm guessing 'not very' from what you say below?
Yeah I don’t think we’ll see that pace of progress in many companies now, if any in the junior sector. Truly astonishing work, with results to match.
And no problem. I’ve seen a couple of Investors of WSBN vent their anger and it is understandable. Companies don’t have to come out and update every small minor matter to the market. But I do still believe they have a strong responsibility to shareholders, the people who support and fund the company, to communicate thoroughly. Communication here and Orosur mining have really been poor. However over at Orosur, they’ve delivered a solid high grade project which is something to invest in. Speculation here, but like I’ve said already, a chance to get in early for potential big gains. Results will do the talking.
AG1989 - thank you very much for that, you're a star. I really do appreciate you taking time out to assist with those queries. All really helpful info for me to digest. Whatever I decide in the end, I wish you well with your investment here (and elsewhere of course). Think my '30000metres will take months' was very much with my Cora hat on :-)
A mixed bag with buckets full of potential “if” Red Setter pays out. Potentially talking into the £’s with such a small float. Or they drill a load of dusters and move on and prioritise elsewhere.
Until I see 3,000-5,000m of assays I won’t, or many, will not be able to gauge the potential of Red Setter but there’s only one way to find out.
LW, been here for a while now. Not too impressed but happy to follow it down. It’s more of a speculation stock for me without any official assays being released or historic work on red setter. Multiple “Anomolies” being drilled in the Paterson by different companies that come up trumps, some not so much
1) I’ve heard a couple of bad reports about RP and the management here. This was before my first investment. That being said, I like to judge a company and CEO’s myself and learn first hand.
When first invested, there were Red Setter timelines to be as soon as Q1 this year. Clearly that never materialised.
2) 100 holes 300m deep I think the campaign will be. But I’m pretty sure that the 30,000m will be spread over the licensing period and will take 2-3 years from what I remember. That said, once completed, 30,000m will give the company and shareholders a brilliant understanding of what lying beneath at Red Setter
3) I don’t think there are historical results at Red Setter. It’s location is brilliant if you want to use the nearology card in the Paterson. Not too far away from Telfer either. It’s characteristics & anomaly surveys look interesting and have caught the eye of a few with some nice targets to aim for, but someone with a more geological background can fill you in better. But it’s all about the results as we’ve found out elsewhere. And if the company deliver good results, you’ll probably be buying in 20/30/40p+ in years to come, rather than 8-9p now. But that’s risk/reward for you and it all depends on how comfortable you are taking that risk.
4) https://www.lse.co.uk/rns/WSBN/red-setter-exploration-update-and-equity-raise-dm6arkxgg6r52fm.html
“ Ground analysis will commence forthwith in order to refine the locations of first drill targets. We anticipate being able to announce the commencement of drilling shortly.”
This was back in May.
https://www.lse.co.uk/rns/WSBN/red-setter-geochemical-sampling-programme-underway-wkfh9vsau4r1iws.html
Then a 20 day sampling programme in August followed and nothing much since.
https://www.google.co.uk/amp/s/www.sharecast.com/amp/news/aim-bulletin/wishbone-gold-signs-crucial-wa-land-access-agreement--8081240.html
Land access agreement in September signed
5) they have the wishbone projects and the Cottesloe silver project which has returned some very nice grades from shallow drilling
https://www.lse.co.uk/rns/WSBN/cottesloe-project-update-8211-7-targets-identified-wz7uwu54qg0zk5x.html
5m at 102g/t Ag from 14m (SCR225)
o Including: 2m at 165g/t Ag
· 2m at 73g/t Ag, 4.6% Pb from 8m (SCR247)
· 22m at 42.7g/t Ag from 8m (EWP-2)
o Including 8m at 72.13g/t Ag from 22m o
· 18m at 29.3g/t Ag from 6m (EWP-3)
· 20m at 35.9g/t Ag from 2m (EWP-7)
o Including: 2m at 100g/t Ag from 8m
o Including: 4m at 69g/t Ag from 16m
· 4m at 41.25g/t Ag from 14m (EWP-11)
· 10m at 41.6 g/t Ag from 24m (EWP-11)
· 8m at 58.37g/t Ag from 20m (EWP-12)
Hi all - this has been on my radar for a while (having been recommended by some other respected posters). The current sp has triggered my interest and I will be taking a closer look over the weekend. A few questions that existing holders might be able to help with (and save me some time):
1) Is it a company that can be relied upon to do what it says and within timescale?
2) Related to the above, when is the drilling going to take place - realistically? I have read that they are planning on 30k metres, which will take a few months to complete, so is that going to have to wait until next year?
3) What are the comparisons with Havieron based on? Is it historical drilling results, the fact that the same consultants have been used and/or what else?
4) An earlier RNS stated that they had received permission for up to 30k of drilling, but is there any other red tape that they need to clear before being able to start drilling?
5) Is it all about Red Setter or do they have promising potential away from this area as well.
Any assistance on any of the above would me much appreciated.
literally 3 whoppers landed as I typed, somethings going on.
Agreed, £93.000/ 1 million shares reported sell yesterday and only 10% down. I suspect order being filled.
Lots more activity, particularly buying….perhaps news coming?
RP....................... REALLY HAS DROPPED THE BALL he needs to get those results out one way or the other now