The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksWishbone Share News (WSBN)

Share Price Information for Wishbone (WSBN)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 1.25
Bid: 1.20
Ask: 1.30
Change: -0.10 (-7.41%)
Spread: 0.10 (8.333%)
Open: 1.35
High: 1.35
Low: 1.25
Prev. Close: 1.35
WSBN Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Wishbone moves to new phase of development with acquisition

Fri, 05th Feb 2016 12:01

(ShareCast News) - Wishbone Gold transitioned into a new phase of development on Friday, announcing the purchase of Precious Metals International Group (PMI), including its wholly-owned subsidiary Black Sand FZE, in an all-share transaction.Black Sand holds a gold, precious metals and gem trading licence to operate in the United Arab Emirates, the AIM-traded company said, adding that it also had agreements in place for importing gold from Colombia and Honduras with a pipeline of other supply deals from parts of South America.The company said PMI Group made a nominal loss of £5,564 in the year ended 30 June 2015, and had gross assets of £454. It had not yet produced any revenue but was in the process of transferring trading relationships from its predecessor company, Multinational Commodities FZE."This moves Wishbone into a position where, rather than being just another exploration company with promising properties, it will now be in a position where it also has the support of cash flow from the trading operations in Dubai", said chairman and CEO Richard Poulden."I look forward to this being a new phase in Wishbone's development", he added.Under the terms of the acquisition, Wishbone would make an initial payment of 240m ordinary shares of 0.1p each, with a further payment of an additional 240m shares once the annual profit after tax of PMI exceeded £1m.This valued the initial consideration for the PMI Group at £648,000, based on the company's closing mid-market share price on 3 February of 0.27p per share.
More News
12 Oct 2023 14:23

IN BRIEF: Wishbone Gold completes drilling at Red Setter

Wishbone Gold PLC - Australia-focused mining company - Completes reverse circulation drilling at Red Setter project. Adds drilling will start at its Cottesloe project in the next two weeks targeting a sedimentary exhalative base metal system. Says work will be carried out by Raglan Drilling, a West Kalgoorie, Australia-based drilling contractor.

Read more
20 Sep 2023 10:45

AIM WINNERS & LOSERS: Finsbury Food accepts private equity buyout

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Wednesday.

Read more
20 Sep 2023 10:33

Wishbone Gold says drill rig now at Red Setter in Western Australia

(Alliance News) - Wishbone Gold PLC on Wednesday said that the drill rig and support trucks operated by Strike Drilling have arrived at the Red Setter project in the Paterson Range of Western Australia.

Read more
18 Sep 2023 18:12

TRADING UPDATES: TruSpine accepts Aquis findings after investigation

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News:

Read more
22 Aug 2023 12:35

Wishbone Gold mobilises rigs to Cottesloe project to drill targets

(Alliance News) - Wishbone Gold PLC on Tuesday said that it has mobilised specialist drill rigs and support trucks to the Cottesloe project to start drilling targets identified earlier this year.

Read more
1 Aug 2023 14:26

TRADING UPDATES: MaxCyte strikes deal; Barkby sells Workshop

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

Read more
1 Aug 2023 10:48

AIM WINNERS & LOSERS: Victoria rises as backs outlook

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Tuesday.

Read more
17 Jul 2023 10:15

IN BRIEF: Wishbone Gold Cottesloe gravity survey data "encouraging"

Wishbone Gold PLC on Monday - Gibraltar-based, Australia-focused mining company - Completes gravity survey at Cottesloe project in Western Australia. Cites prospectivity and says high base anomaly helps make a compelling drill target.

Read more
29 Jun 2023 12:06

Wishbone Gold narrows loss, celebrates "year of progress" for assets

(Alliance News) - Wishbone Gold PLC on Thursday said 2022 was "a year of progress" with "positive developments" at multiple assets, and celebrated a narrowed loss as it anticipates further explorations this year and beyond.

Read more
31 May 2023 14:27

IN BRIEF: Wishbone Gold awarded government co-funded drill programme

Wishbone Gold PLC - Australia-focused mining company - Granted a contribution of AUD220,000, or GBP115,061 by Australian government to go towards a drilling programme for its Cottesloe project in Western Australia. Says drilling will take place later in the year and will target mineralised zones. The co-funded exploration drilling program is a flagship program of the Exploration Incentive Scheme, which offers up to 50% contribution for drilling projects.

Read more
26 May 2023 09:51

IN BRIEF: Wishbone Gold says eight priority targets found at Cottesloe

Wishbone PLC - Gibraltar-based, Australia-focused mining company - Reports results from enhanced processing by Expert Geophysics Ltd of MobileMT survey across all Cottesloe properties. Cottesloe project is located in Western Australia, south east of Wishbone's Red Setter project. Says eight priority targets were identified, all less than 400 metres below the surface. Wishbone says gravity survey and 3D inversion of aeromagnetic data to assist with target refinement will start shortly, as will heritage survey. Drilling will start once heritage survey is complete; Wishbone will announce timing and details in due course. Once next phase of drilling is complete, company will expand the geochemical sampling programme to cover more areas.

Read more
28 Apr 2023 16:15

TRADING UPDATES: Castings beats market view; Zoo Digital buys in Japan

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Friday and Thursday not separately reported by Alliance News:

Read more
4 Apr 2023 17:20

IN BRIEF: Wishbone Gold refines drilling areas for Red Setter project

Wishbone Gold PLC - Gibraltar-based, Australia-focused mining company - Reports further analysis by Expert Geophysics of MobileMT survey of the Red Setter project. EG states they interpret the Red Setter structure as a potential analogue of the over 26 million ounce Telfer deposit, Newcrest's major gold/copper mine 15 kilometres northeast of Red Setter. Concludes additional drilling should be target zones MMT-R1 and MMT-R2.

Read more
11 Jan 2023 14:46

Wishbone Gold acquisition of Cottesloe East adds to Cottesloe project

(Alliance News) - Wishbone Gold PLC on Wednesday announced the acquisition of the Cottesloe East tenement in the Paterson Range, Western Australia.

Read more
3 Jan 2023 15:47

UK shareholder meetings calendar - next 7 days

Wednesday 04 January 
Borders & Southern Petroleum PLCGM re fundraising
Thor Mining PLCGM re name change to Thor Energy PLC
Thursday 05 January 
AB Dynamics PLCAGM
AfriTin Mining LtdEGM re name change
Shield Therapeutics PLCGM re share transaction
Friday 06 January 
Gunsynd PLCAGM
Monday 09 January 
Angus Energy PLCGM re new ordinary shares authorization
Premier African Minerals LtdAGM
Yourgene Health PLCGM re capital raise
Tuesday 10 January 
Valereum Blockchain PLCAGM
Wishbone Gold PLCAGM
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.