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Started: No1plasterer, 20 Jun 2024 07:07
Last post: Carrot13, 21 Jun 2024 18:37
Poulden strings everyone along each year just like most AIM CEO’s, the trick here is to buy when it’s quiet and sell when it’s hyped up, he will be dangling carrots ready for the next placing/loan/warrants, just look at the 5 year chart, every July/August… so load up now whilst it’s quiet, wait and don’t get greedy when the time comes.
He's at it, interview popped up on twitter a few weeks ago talking about gold prices and "rapprochements"! When all anyone really cares about right now is when the drilling is starting.
Looks like those who have been here a while could be right and he's stringing us along. Almost trolling at this point.
Yep. It's an "all or nothing" punt now.
I think the only way out of this is to hopefully wait for a spike & then sell into it.
Poulden isn't interested in actually doing anything meaningful here. Just kicking the can along the road. Shame really, someone with drive & determination could have done something with this :(
Poulden and his team have gleaned wealth from elsewhere, this is just a hobby to him now.
Like most people with a little past time they are happy to spend a few quid now and then on a weekend away enjoying their fixation. I am only here having been left high and dry.
Fancy bumping it each other here lol
Started: diggit1gold, 21 Jun 2024 17:05
Last post: diggit1gold, 21 Jun 2024 17:05
Don't care at this point as taken more under mid. Keep up the barrage of negativity folks as you wait for your exit price. How stupid to not just bite the bullet and exit. Nothing as stupid as shooting yourself in the foot. Silence is golden, as in if you've really got nothing new to say then say nothing. :o).
Started: ChartaRex, 12 Jun 2024 06:52
Last post: bankrupty, 19 Jun 2024 13:04
I'm about 50% down on my overall average....and I'm not ecstatic about that.....but I'm more than happy to hold for the what if ? I have many and had many companies shares ......most go to zero or as near as.....the odd one (actually 3) come good or better.....That's the way it is! I invest/gamble 5% of my net worth in shares split between 55 companies....about 12 or so I am excited about...the rest I don't really care about....WSBN is in the top 12! I'm happy!
GLA
What ?
Lse is a disgrace, constantly allowing this abusive poster to get away with insults. I see you aloe emojis now though the kids will be happy
Who's crying?
As for growing a pair, I have - it's you that's in complete denial. At least I have the courage to state the obvious here - it's a lifestyle company for Mr & Mrs Poulden. Read the RNS's!!!!!!!
What have you contributed to the conversation exactly? Apart from money to the Poulden's ongoing lifestyle?
Add more money to this ponzi? You've got to be joking, please tell me you are!! It ain't worth selling up & it ain't worth "investing" more. If a spike comes I'll take it, if not then I'll watch my remaining money just fade away.
At least I have the courage of my conviction to say what I see. You just tell people to "grow up" and "stop crying like a baby". Hardly critical thinking or detailed research now, is it?
Your name says it all. Wsbn may come good - 1 day, maybe................
But I doubt it.
Chart you are such a tool! Sell up and move on you mug.
Do you hear the rest of us crying being in the red? Grow a pair and add on the lows or sell up. Simple game really
Started: No1plasterer, 18 Jun 2024 07:20
Last post: No1plasterer, 18 Jun 2024 07:34
Annoying thing for me about this is that iv missed out on some cracking tades beause of the money i have locked up in this investment.
No news.
this is going to keep sinking unless he provides an action plan.
What a numpty
Alpaone,
Correct. Maybe the penny is beginning to drop here with shareholders.
Poulden is gaslighting the lot of you.
Hopefully reality is beginnning to bite with a few long term holders here.
Under section 306 of the companies act 2006, any shareholder is able to apply to the courts to order the company to hold an AGM. With the company being in breach of the company's act and it's own bylaws, maybe this is what needs to happen...
Started: diggit1gold, 4 Jun 2024 18:08
Last post: ChartaRex, 12 Jun 2024 06:41
Listen up FishFace,
What on earth are you talking about!? You really haven't got a clue!!!
Afentra are generating cash hand over fist & will be until at least 2040, and that's before they sign off on their latest deals. They picked up producing assets for absolute peanuts as part of the IOC's divestment programme.
I defy ANYONE on this board to go and check it out & tell me I'm wrong! Read the RNS's if you can! Understand the deals if you can! Do some REAL research!!!!!!
You've then copied and pasted a post from ONE random poster - JPBrown - who only registered on the site YESTERDAY - and took his one negative post as gospel! Have a look at what the rest of us are saying about him - he keeps popping up in various guises trying to disrept the board because he's a short seller!
Geez, I try to do you a nice favour & you come back with this? You deserve to lose everything.
I won't be selling a single share. I got in at 17p & they're now about 57p, with plenty more to come over the next 5-10 years.
Don't forget to send Mrs Poulden some more spending money for her cruise later this year. What a loser you are.
> Try AET (Afentra), I'm up +300% on my initial investment, with plenty more to come. Still not too late to make good money on it.
Afentra, profit history:
2019 1.6M loss
2020 1.91M loss
2021 4.99M loss
2022 9.09M loss
2023 2.7M loss
"Afentra's CEO is Paul McDade, appointed in Mar 2021, has a tenure of 3.25 years. total yearly compensation is $900.61K"
So he's taken $3M out while losing the company $18M ?
Net asset value per share:
2019: $0.20
2023: $0.12
Almost halved the asset value per share.
Look at the RNS history, company (re)launched in March 2021, in just five months by October 2021 they had announced a non-binding interest in buying something. Four months later (and ~$825k richer) they had progressed to announcing that they were still interested but negotiations had gone nowhere yet. Two months and $150k more CEO dollars after that, they announced that they were still interested but nothing was guaranteed. Six months later by October 2022 (and $450k richer) they were pleased to announce that they were still in discussions and were pleased to announce that they had extended the deadlines. Nevertheless, it's not like they were doing nothing, by July 2023 they were pleased to announce that they were still in negotiations.
It's at this point that you come in, presumably, complaining that they are scammers, fraudsters, enriching themselves, never going to make any money, buying a dud because who would sell an oil well for less money than they can get by keeping it, that investors are gullible, and think up some "hilarious" names for all involved. Right?
Then look what happened. The deal went through, they sold a boatload of oil, it turned out well, therefore hindsight shows it was always going to.
Although, comments on the Afrentra board "Debt year end position higher than expected and dilution mentioned as potentially an option ahead. When ceos say this its always going to happen, the warning. Also they were quite clear that no deals will happen any time. Heavy selling volume also suggests other large holders are thinking, doing the same."
Wouldn't happen to be here trying to find someone to offload your shares to, would you?
Listen up CaptainCalamari,
WSBN isn't going to make anyone rich, except Poulden & his missus. He's stringing everyone along. 3.4p and I'm outta here, (if it ever reaches those dizzying heights again). We'll all be long dead before he ever gets an ounce of gold out the ground.
What can I do for you, I hear you say?
Try AET (Afentra), I'm up +300% on my initial investment, with plenty more to come. Still not too late to make good money on it.
For a punt, try either ECO (ECO Atlantic) or MILA (Mila Resources). ECO has some of the biggest & best ground offshore Guyana, Namibia & S. Africa & are currently awaiting multiple farm out deals. Mila has found gold and also signed a JV with Liontown Resources to drill for lithium on their property. 2 very decent "punts" that are actually moving forward, unlike WSBN with it's "maybe jam tomorrow" BS.
So there you go, one guaranteed money spinner & 2 punts that could easily shoot the lights out. That's what I'll do for you - give you hope :)
Herpaderp CharredWrecks,
> I doubt Poulden will ever find the gold.
> I would LOVE to be proven wrong
"The results confirm a significant gold system with a mineralised strike over 3km." - RNS December 2023.
:)
I didn't buy in 12 years ago. Waiting to see how Red Setter turns out is not "unshakeable faith". There's 2 more wrongs for you to love.
> "but the detail is in 12 years worth of RNS's for all to see - except CaptainFIshFace & a few of his followers."
12 years for all to see and you are only just noticing now. Answer some of the questions - what did you buy in for and when and why?
> "Gold could be $10K an ounce right now, but it doesn't matter - because we still haven't got any to sell after 12 long, fundraising, shareholder diluted years!"
If Wishbone had lots of gold to sell 9 years ago, the share price would have been too high for me to want to buy in. If you want big already-profitable companies, why didn't you invest in Tesco or Apple? I didn't because I wanted risk with a chance of high return.
> "Poulden takes £300K a year out of WSBN, and then charges "consultancy fees" on top! Still, back to work for you so you can fund Mrs P's luxury cruise this year."
I had no idea CEOs got paid money or that being working class meant I was enriching the wealthy. Why don't I cut off my own nose, that'll show him. Oh yes, actually I did realise those things. I'm stuck with those things because of my parent's bank balance at birth I will always have to work for money and that work will always benefit people wealthier than me more than it benefits me. Not buying into Wishbone wouldn't have changed that, selling out of Wishbone now wouldn't change that.
If someone of your intelligence, charm, wit, and worldly wisdom ended up in the same share I'm in, what hope does that leave me? But when you find the company with a CEO who works for free, a track record of solid stable business and never trying anything different to see what sticks but is undervalued by the market, AND is a sure-fire winner for a large discovery or development which could multibag the share price - at no risk - feel free to let me know.
Otherwise, tell me what your point is - you're desperate for me to sell out now - why? What will that do for me?
I’d never invest in a company called Wishbone with its main activity being hunting for gold 😂
Started: diggit1gold, 7 Jun 2024 18:11
Last post: No1plasterer, 7 Jun 2024 23:21
I just farted
Wee 11K buy. I wonder said buyer expects to make a profit or loss 🤔. We all know the answer. Cheap as chips we are imo . Have a decent weekend all. :o).
Started: diggit1gold, 7 Jun 2024 10:46
Last post: ChartaRex, 7 Jun 2024 11:12
Don't worry No1p,
Poulden will post some more random pictures of golden nuggets real soon, followed by another fundraise.
Mrs P wants a cruise this year....
It’s no news that’s causing this downward and sometimes stagnant SP.
we need news on laid out action plans with dates and details
This is a little bit ridiculous!!
Yup, definitely obsessed Charta 😂. But anyway ATB and i hope you attain your mentioned (multiple times) exit price. I'd be best pleased if that were to happen as you'd have vamoosed elsewhere and i'd be well in profit again @ WSBN. :o).
Started: AimInvesting, 6 Jun 2024 12:24
Last post: AimInvesting, 6 Jun 2024 12:24
Strong BUY
Started: diggit1gold, 6 Jun 2024 11:09
Last post: diggit1gold, 6 Jun 2024 11:09
Just looking forward to get updated drilling plans for any of our tenements. Pi's appreciate plans with attached timeframes.:o).
Started: PortfolioPower, 5 Jun 2024 14:20
Last post: No1plasterer, 6 Jun 2024 10:13
Hopefully we go for an afternoon bull run
Need some news, what’s he bloody doing !!
NT to buy for any large amounts.
Nice £30k intra-day buy yesterday, printed late, bodes well.
Should start to see the SP move back up sharply to previous levels ahead of drill crews being mobilised.
Folk were happy paying 20k for just 100,000 shares the first time we went out to do the initial scout drilling at Red setter which hit mineralisation in every hole.
Given the massive wait between then and the follow up deeper diamond dril program where we now have the benefit of expert geophysics who have highlighted the target areas for the deeper drills you can buy roughly 2milllion shares in fhe company now and grab a much larger stake in the business even with the addition of the recent share issue there is only 327mil shares in issue so this will move fast as we've seen before.
Also, worth taking a look at the gold grades revealed at our recently acquired land at mosquito creek which sits in an area of historic gold discoveries. Will posts up some further info on this additional mineral rich land package separately later on today.
We are bang in the right post code area and the present market cap presents a compelling opportunity to realise some significant gains as the SP has plenty of room to put on some weight to reach fair value vs peers ahead of drill season comencing.
We are about to head back out to Red Setter over the coming weeks to diamond drill at depth this time.
Once GGP took the decision to drill below 400m+ at Havieron that's when things really got exciting as they hit the higher grade zones.
WSBN scout drilling programme hit mineralisation in e ery single hole without ever testing below 400m
The experts have already called Red Setter as a potential analogue to Telfer..
Remember... Its only a mere 15km away from Telfer Mine itself!
Expert Geophysics state:
"We can see a very prominent dome structure in the south of the Red Setter area, expressed in the corresponding highly resistive anticline in depth and extended in NW-SE direction. Axes of assumed anticlines, projected to the surface, are in the pictures (white and red dash lines). The overall structure is open to SE."
"The maps, in Image 1, from Red Setter and Telfer, are approximately in the same scale so the dimensions of the structures are comparative, and the direction of the controlling structures is the same. The Telfer epigenetic model emphasizes the importance of structural controls on mineralization within the domes (GSWA Report 97 by K. M Ferguson et al., 2005). We can see resistive and conductive highly contrasting linear structures within and over the dome."
"Accordingly, our original conclusion that the additional drilling should be the target Zones MMT-R1 and MMT-R2 is confirmed by this analysis."
Pump coming already now?!
Started: 1DAYMAYBE, 5 Jun 2024 10:31
Last post: SkintAl, 5 Jun 2024 21:17
I ain't sink any more dough into this. I'm at £1.67 and just intend waiting until it goes past that, so I can dump them. Rheinmetal is the future. Europe
is going to blow up soon the way Putin is going!
You pays your money and takes your choice! It's not rocket science!
I don't have the exact figures, but the drop yesterday was based on a TOTAL volume of around £70K of buys/sells! That's peanuts!
Personally I've bought heavily at just over 1.1p, and more than happy to just sit back and watch. Sure, it's a high risk punt, but, below 1p this is absolute steal, IMHO. Any even reasonable hit this year at any of our tenements would surely result in a massive move north, boosted by the small free float.
And then ignore it. Hopefully, it'll show Poulden we've rumbled him. With no new money he can't keep the ponzi going.
Wait for the placing, I say.
Time to buy!!!!!
Started: PortfolioPower, 5 Jun 2024 13:44
Last post: PortfolioPower, 5 Jun 2024 14:06
NT to buy for just £8k atm.
On the face of it, it just looks like the recent top up placing provider which raised £300k was given an extra 25,000,000 warrants on a 1 for 1 basis which they could exercise at a price of 1p which has given WSBN a further cash injection of £250k.
Yes, they probably should have mentioned it in the top up RNS, but we have been notified and a TVR released.
The SP has been hovering just under 1.4p over the past month.
Can't really blame them for cashing in those warrants whilst they were "in the money"
The net result......
> WSBN now has more cash for the upcoming drilling orograms
> The SP is a multi-yeat bargain entry.
> Updates are due from fhe fieldwork about to comence across our licence areas.
Near term discount of 30-40% to the SP for those loading up down here ahead of news.
GLA
"Wishbone Gold Plc (AIM: WSBN, AQSE: WSBN), the precious metals exploration company, has received, notice to exercise warrants over a total of 25,000,000 new ordinary shares of 0.1 pence each in the Company (the "Ordinary Shares"), which will be issued at 1.0 pence per share.
The exercise consideration is £250,000."
Richard Poulden, Wishbone's Chairman, commented: "With the gold price at near record highs of around US$2,400 an ounce and copper rising to around $11,000 a tonne, this funding allows us to advance several high impact exploration initiatives at our core gold and copper projects in Western Australia.
It's an exciting time to be in the gold and copper exploration business and I look forward to updating shareholders in due course."
Started: diggit1gold, 5 Jun 2024 11:09
Last post: No1plasterer, 5 Jun 2024 11:45
I can’t see there being a placing
Just my opinion
We need some drill news. More than half way though the year and nothing
This bb being no different from most AIM bb's is a cesspit of unfounded personal opinions put forward as fact. They could only muster £300K @ 1.2p on the last raise when they were mindful of the current harsh market conditions. Maybe they'll come back for more, maybe they won't. No sure thing either way - a bit like my horse 🏇 selections lately. :o).
Started: No1plasterer, 5 Jun 2024 07:27
Last post: No1plasterer, 5 Jun 2024 09:59
Will we ever see 2p again?
We are at an all
Time low
It’s probably the warrant holder who exercised 25 million shares at 1p last week who is dumping although doesn’t make much sense considering whilst he made a small profit on yesterdays sales he has now dragged the SP below his cost price so any sales going forward look like they will be lose makers for him. For PI’s it looks to be creating a very cheap buying opportunity ahead of hopefully good news on the exploration assets from RP.
Ok so no explanation for that random unwarranted drop
Started: alphaone, 5 Jun 2024 08:57
Last post: alphaone, 5 Jun 2024 08:57
Does anyone know when the next AGM is due?
From what I can see the last AGM was on the 15th January 2023, and the Articles of Association say that no more than 15 months shall pass between AGM dates.
I might be wrong but would this not indicate the company is in breach of its own bylaws, and section 336 of company’s act 2006?
Started: diggit1gold, 4 Jun 2024 18:33
Last post: diggit1gold, 4 Jun 2024 18:33
Most of my current AIM investments (12) fell today with only 2 @ breakeven. Tough day overall but there have been good days recently also. Not with WSBN admittedly but the worm can easily turn anytime. :o).
Started: BashM, 4 Jun 2024 16:50
Last post: ChartaRex, 4 Jun 2024 17:54
BashM,
Alan Gravett, who also resigned from VLRM, is a NED here at WSBN. He followed Poulden...
They're like locusts, moving from one company to the next and sucking the life out of shareholders.
BashM,
I'll just had a quick gander at VLRM:
"Valereum Plc (AQSE: VLRM), the Gibraltar technology group, announces that James Formolli has been appointed as Chairman of the Company and that Richard Poulden has resigned as Chairman and director of the Company, Jack Sun has resigned as Finance Director with immediate effect. Alan Gravett has agreed to remain a director until Monday, 30th October 2023 to keep the Company legally compliant but has resigned as Non-Executive Director with effect from that date.
The board changes have been made to promote the best interests of the company and its shareholders".
It's the last sentence that tells a story .....
If you look at what he did to VLRM before he was forced out, you would sell what you have or vote him off! The only person he thinks of is himself. I tried to tell many posting on this board before. But they don't listen. Do not trust what he says.
Started: Gingertom1, 27 May 2024 18:39
Last post: ChartaRex, 4 Jun 2024 17:29
TastyHaddock,
Lol!
The delusions are strong with you. Please tell me you haven't bet the house on this ponzi? You're living in fantasy/Alice in Wonderland if you don't understand what's happening here. And I'm not the only person on here saying it.
Maybe you should take some time out, learn how to read the Annual & Interim Results, including "notes to the financial statement", and then come back with some thing substantial.
You're in complete denial about the reality here. WAKE UP!
> Why do you keep banging on about Honduras & the UAE? It's OVER!!
Because they're large, multi-year projects happening during times you keep saying he has "done nothing". Ones you know about because you quoted RNSs about them. Big, clear lies that you can't play off as "joking".
Stock markets exist to place shares to raise funds for risky developments, I'm not "FINALLY admitting" that, I've not said anything else. As I said, this is about you misrepresenting RNS'ed facts, not about what I think of the state of Wishbone. One has to explore licenses before knowing if they're good or not, Red Setter was last surveyed in the days before modern drones and computing made aerial surveying much cheaper, easier and more informative. They weren't sold as "so good", they were sold as unknowns - a gamble that small explorers wanted soon after GGP's success. You keep implying there's no gold in Red Setter because of a photo - but RNS drilling results say there is gold there. It's not a duster, which is pretty lucky. We're waiting to see if it really is an analogue to Telfer - low-grade but huge and cheap to recover.
You make stuff up about his expenses for a laugh in the middle of a thread where you're arguing how honest you are, and play it off as not lying because you said it for a laugh. ha ha, lol, lol, right everyone?
> "Once the trust is gone, its gone :("
Oh woe is you, if only someone hadn't been dooming and glooming with falsehoods, untruths, character-assassinating and trying hard to destroy that trust :( Poor you :(
> "these so called tenaments"
News to me that Red Setter might not be /land/. Is this some Flat Earth thing?
> "He's destroyed 99.64% of investors money in 12 years, with nothing to show for it - unless, like TastyHaddock, you think a bunch of pictures of someone else's gold nuggets constitutes value.... "
That's not what I think. I said that earlier, but truth isn't your strong point.
Why do you keep banging on about Honduras & the UAE? It's OVER!!
Taken from the Annual Report 30 Jun 2021:
Chairman's Statement
Dear Shareholders,
"In March 2020 Emirates airlines, the lifeblood of Dubai, grounded all but a few of its fleet of nearly 300 planes. Overnight the thriving nexus of trade in Dubai from across the world stopped as if it had never existed. For us at Wishbone this cut off our supply of traded gold arriving on daily flights from African capitals and once our stocks were sold it was over".
Have I missed something...? If so, please enlighten me as I would admit I was wrong if I was.
Your next bit was a cracker: "We've seen photos of gold and drilling results of gold. And silver. And videos of Honduran gold processing plant".
Those photos are NOT our gold, they're pictures of someone else's!!!! He's telling you we've bought these tenaments for buttons and showing you unverified pictures of gold that don't belong to us!!!! Question: If the gold in these so called tenaments are so good, why were the sold off so cheaply to WSBN............? If you're that gullible to believe a few lovely random pictures, then I've got a bridge to sell you!
Your next one:
Me - I told you: There is no money
You - That's not the part I'm calling you out on.
So you FINALLY admit what I've been saying to everyone for many months - we will run out of money by Dec 2024 and yet another fundraise has to happen! Thank you for acknowledging that.
And finally:
Administrative costs, excluding interest, during the period were £666,656 (June 2022: £384,823).
> With "expenses" (read Poulden's lifestyle) of £666,656 during the 6 month period.
"You could just google what administrative costs are instead of making something up".
I haven't made that up. Those figures were taken from the June 2023 Results. They're Poulden's figures, not mine. Go check it out if you know how to. Admittedly I was being facetious about Pouldens' "expenses", but again, look into the accounts. Firstly, he pays himself £200-300K per year and secondly - this bit really angers me - he charges WSBN fees for his "consultancy work" though his consultancy company. He's the CEO!!! His job is to provide EVERYTHING under the umbrella of his salary & position as CEO. Talk about having your cake and eat it!!
> Oh, one more thing for those still thinking about making a killing here - in the last 6 months or so, Poulden's issued in excess of 50 MILLION shares
So the guy who has "done nothing" has incorporated companies in Honduras and the UAE and issued share placements? Go on, tell me again how honest you are. And tell me who arranged the purchase of Wishbone II, White Mountain, Red Setter, Cottesloe, Anketell licenses, the heritage surveys, appointed geophysics consultants, sorted aerial and magnetic surveys, drilling, labs, at multiple sites, who applied for the government mining grant and put it to use on Cottesloe drilling for funding without another placing? RP has "done nothing" so it wasn't him, right?
> 14 years of exploration with nowt to show for it,
Several years were trading instead of exploring. We've seen photos of gold and drilling results of gold. And silver. And videos of Honduran gold processing plant. There's things to show and we've seen them.
You seem to be confused about the difference between "doing nothing" and "doing things which haven't made shareholders lots of money".
> I told you: There is no money
That's not the part I'm calling you out on.
> Administrative costs, excluding interest, during the period were £666,656 (June 2022: £384,823).
> With "expenses" (read Poulden's lifestyle) of £666,656 during the 6 month period.
You could just google what administrative costs are instead of making something up.
Taken from the same RNS:
"At the end of the period under review, the accounts show that Wishbone held cash balances totalling £428,352 (December 2022: £1,457,902). Administrative costs, excluding interest, during the period were £666,656 (June 2022: £384,823).
The £1.4 million financing in early August has significantly improved the company's cash position providing funding for exploration and operations.
The Company continues its strategy of exploration on its properties in Australia and expects to announce further positive results from its drill program in the second half of 2023, which should create more value for shareholders".
By my reckoning thats circa £1.8M cash as at Sep 23. With "expenses" (read Poulden's lifestyle) of £666,656 during the 6 month period. So, from Jun 23 to Dec 24, by my most basic calculations is 18 months. Which brings us to Dec 2024, the end of this year. So for those that don't understad basic arithmetic, here it is in all it's glory: £666,656 for a six month period, multiplied by 3 (Jul 23 to Dec 23, Jan 24 to Jun 24 and then Jul 24 to Dec 24). I calculate that at £1.999,968, which is a deficit of £199,968.
Of course, it's the last 7 words in the statement that really takes the biscuit! Apparently he's created "shareholder value" and we can expect even "more".
Wake up! If you're thinking of feeding this, don't! If you can get out at breakeven, well done! If you're underwater, write it off and learn from the experience - read the company reports in detail.
Oh, one more thing for those still thinking about making a killing here - in the last 6 months or so, Poulden's issued in excess of 50 MILLION shares, that's 20% of the entire share capital of WSBN. Then again, I wrote in an earlier post about his rinse and repeat method.
I await the "blinded by greed" mob to come up with their deluded defence of Poulden.
Started: ChartaRex, 4 Jun 2024 16:03
Last post: ChartaRex, 4 Jun 2024 17:14
Cheadle,
There's always random drilling, as well as buying more dirt (jam tomorrow), more pictures of cores & gold nuggets, and then the inevitable fundraise to top up Poulden's consultancy fees.
More for him, nothing for us :(
Is there not drilling taking place now, and there’s little volume too!
We're dropping like a stone today. I think people are waking up to the reality of what Poulden's been doing here for years.
Once the trust is gone, its gone :(
Started: ripley94, 23 Aug 2022 11:35
Last post: ripley94, 4 Jun 2024 16:50
Down 18% today to a new low going under 1p to 0.975.
The top up buy 3/8/23 2.29p in hindsight of today not a good move .
Constant fall since that big dip.
MisterPositive are you onedays old side kick IAMRICH ?
Keep fingers crossed on heritage survey
belucky
BFN
Haha! Didn't know who the de-ramper was I only get this
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Uk trader you weaner! Grow up and move on...or better still buy some shares you mug.
Uktrader6
You are just a disruptor and p1ssed off now coz you did not get back in when you should have.
Keep waiting for your 1p then...
@ 1Day thought you blocked me year + ago
Thats your 20th top up and only 1 in money unless he is a pump trader
DYOR
Belucky
Started: Gingertom1, 4 Jun 2024 16:17
Last post: Gingertom1, 4 Jun 2024 16:17
In view of most peoples opinion of RP I would suggest that he knows how to maximise what he has.
There seems to be no mileage in just letting WSBN collapse into nothing.... no one wins that way.
The cost of actually drilling the last 100's of meters cannot be so high as to bankrupt the business and he has done fund raises in the past to get him out of trouble.
There must be more to this than meets the eye and no doubt we will all tell each other how we knew that was going to happen just after the RNS announcing it.
My bet would be JV with someone to fund the drilling - it would "only" need a relatively small amount £300k to get a good slice of the potential upside. I cannot believe that there is nothing of value on our properties. That would be really missing with a missing stick.
Anyway we will all know what is going on soon.
GLA GT1
Started: British_Mike, 4 Jun 2024 12:28
Last post: ChartaRex, 4 Jun 2024 15:59
Alphaone,
Interestingly, the last 2 interim results and the final results lasy year were unaudited.............
My first choice would be to get rid of Poulden and replace him with a young, dynamic & focused CEO.
My second choice would be the same.
If Poulden has to stay, then he should be paid entirely in share options, with clear targets attached to them, maybe then he'll get his finger out. Also, their should be zero "consultancy fees/work undertaken by him or his cronies.
That's all that'll get this moving forward.
If only they could actually mine some gold :(
I'm glad some other holders here can see what I've been saying for months now.
He keeps dangling golden carrots for the gullible, while syphoning off the cash through the back door, then raising more and more funds through yearly fundraisers.
He's destroyed 99.64% of investors money in 12 years, with nothing to show for it - unless, like TastyHaddock, you think a bunch of pictures of someone else's gold nuggets constitutes value....
Poulden needs to go. This is HIS lifestyle company....
The auditors should have made a recommendation to the board that his comp is a mix of shares and cash to align his interests… more red flags…
A few years back RP stopped taking shares as part of his remuneration. Now he just takes cash. You can see what he thinks.
There’s still hope
Don’t panic people’s !!
Started: Gingertom1, 4 Jun 2024 15:05
Last post: ChartaRex, 4 Jun 2024 15:23
Gingertom,
I agree, it's just a quick gamble now. For me this is a binary play - if it spikes I can get out, if not, then it's a slow continuous loss through relentless dilution by Poulden. It's certainly not investable in the longer term.
As has been said many times by a lot of us, me included, the Licenses on the two main tenements - Red Setter and Cottesloe - are both in highly sought after locations. Red Setter in particular being so close to Telfer that I am sure it must be on a lot of Junior/Mid miners shopping list if RP wanted it to be.
It wont take a lot for this to go ballistic as it has before and I cannot see why RP would want to let this opportunity slip.
One good drill result (not even hitting the jackpot) would transform this .
End result is a quick gamble for more by me when I am already underground and probably deeper than our current drill.
Fingers crossed.
GLA GT1
Started: No1plasterer, 21 May 2024 13:18
Last post: steve196, 4 Jun 2024 14:33
25k gone through, hard to tell if buy or sell.
I've someone in the know or bad news coming and selling up.
RNS I would say in coming days 🤔
The larger trades are the buyers so that’s a little reassuring
With good news we could be back at at least 5 p at least !