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So effectively this is a takeover.

What value are they giving Wishbone Gold

Your spot on Goldwish.

Yesterday we were hoping for a JV and now we do actually have one in a reverse takeover. Only question is will we be diluted heavily or even not.

If there is no dilution then I am happy.

The cost of listing on the Alternative Investment Market (AIM) of the London Stock Exchange can range from £150,000 to over £350,000. This includes initial admission fees, annual fees, and professional fees.

Aim Listing value is £350,000

So this was suspended yesterday at a value of £1m

So AIM listing value is £350,000 and the rest of the assets were worth around £500,000.

They must have cash still of around £200,000 from last placing.

£3k

Gord good post

Feel a bit more optimistic now.

Because if you read the Nov 26th RNS they did state they were looking to expnad and looking for opportunties.

Doing research. There is no scope for optimisim.

So this is the question.

If the deal goes through how much will they value Wishbone Gold at and their own company.

Has an ommpressive CV

Anthony "Tony" Moore

Chairman

Tony graduated from Exeter University and entered the City in 1968. In 1983 he established and ran the Goldman Sachs office in Hong Kong which at the time was only the firm’s second office in Asia. In 1988 he returned to London with Goldman Sachs and worked on various mandates including the privatisation of the UK electricity industry.

Since leaving Goldman Sachs in 1991, Tony has founded and been executive chairman of companies providing corporate finance and asset management services to a wide variety of companies across a range of sectors. He has lived and worked in the USA, UK, France, Japan and Hong Kong and has done business in 30 or more countries worldwide. In addition, Tony has chaired or been a non-executive director (“NED”) of multiple public and private companies in the USA, UK, Europe and Hong Kong.

Tony brings with him a wealth of contacts with companies in natural resources, water provision and other areas of interest to Wishbone.

What is the link

Need more information on this new company. Can someone do some digging.

Surley Wishbone's assets must be worth more than £1m.

How come GBP raised £1.5m to explore their gold project in Australia and WSBN cannot raise money in the market when they have better Licences.

Yes the RNS is misleading.

In the RNS they state they going to obtain their valuable asset in Australia so that must be Redsetter.

Just 6 weeks ago they raised at 0.20p.

This is a snippet from the RNS 24th November 2024 and so it was the plan all along

"I have known Tony for many years and hold him in high regard. With Tony's appointment as Chairman I will step back to be Deputy Chairman. This is a pivotal time for the Company as we will be making further management appointments in due course and are looking to expand the number of businesses in the Wishbone portfolio."

At the request of the company, trading on AIM for the under-mentioned securities has been temporarily suspended from 23/01/2025 7:30am, pending an announcement and publication of an admission document.

Totally agree. Have myself to blame. Thought it was so cheap with thier licence right next to GGp's.

Just cannot see anything left for shareholders.

We been conned.

So was a scam all along ?

Investment written off no moe investing for me now.