Member Info for Archangeleyes

I'm pleased with the stability of the sp today. The sp is 🔵 overall since consolidation news and seems to have halted the drift.

Ed called it a Breccia Pipe. I found this, copy and pasted. Worth exploring. Fingers and toes crossed on these assays being published. I feel so much is happening with too little info being given. Lots of jitters and for good reason.

"Breccia Pipes are formed by the catastrophic release of overpressured magmatic-hydrothermal fluids, which creates a highly permeable, pipe-like structure. This focused, high-energy fluid flow allows for the efficient transport of large amounts of dissolved gold and its rapid precipitation (often due to boiling or changes in pressure/temperature) within the pipe's matrix and open spaces. This results in potentially high-grade, localized gold concentrations that are economically significant.Breccia Intrusions are generally formed when magma intrudes into existing rock, breaking it up. While they can be associated with mineralizing systems, the gold deposition in a general intrusion is often more dispersed or related to later, secondary fluid flow events (like in associated veins or nearby pipes) rather than the entire intrusive body itself. The physical properties of the intrusion itself are less conducive to massive gold concentration compared to the fluid pathways in a well-developed, permeable breccia pipe. 

I agree, I don't buy the explanation that 3b shares in issue is far more than comparable Campanies listed on AIM. 30 million shares in issue is very small and doesn't improve liquidity, however it could make the sp rocket super fast on excellent news. It works both ways does it not?

I love that old chestnut of no gold at Wishbone, I've heard that drivel on other boards. Has to be debunked every time.

"The first drill hole core samples are at ALS Laboratories in Perth and have been cut, with sample preparation underway. Assaying will begin shortly and results expected in the coming weeks."

25th Sept

7 weeks ago. We are only 7 weeks in. Some have said a timeline of 6-8 weeks for assaying. Others have said due to the gold rush more like 10-12 which would take us post consolidation.

All within timelines. Yeah I think R. Poulden will have been updated as the data flows out the lab, but that is just a guess...and possibly spurred an aggressive drilling operation and capital restructuring?...on news of a duster data set?

Happy days ahead genuine LTH's.

Yes seriously. VC's and VCTs do all the time. Big money.

Yes we have gold, no revenue and as a consequence no profit, yes we have cash and the ability to raise more without consolidation. We certainly have the profile.

Big money is on the sidelines now, and want in imo. Big money always know's what is going on. They live in another world to most of us mere mortals. The aggressive drilling program H1,H2,H3 complete, now on H4, capital restructure into the £'s opens the door for them. WSBN is cheap. They want in. They want exposure to Gold. They are all greedy. Simple.

It will all come out in the wash one way or the other.

"If wsbn were confident of likely assay outcome then why 100 to 1 consolidation?"

Because Institutions, looking for a safe place for cash is phoning Poulden complaining because of the 'penny share' status. From what I understand they have limits on SP on what they can buy. Good assays post consolidation puts the sp well into the £ range. Shareprice becomes less volatile and more importantly the shareprice more accurately reflects true value.

Bad news for the 20% traders good news for the lth's.

You can already see the effect on this BB!

WSBN would fail to list on net income requirements of min $750,000 for the Nasdaq capital market. Seems to be less clear on stock price with $4 and $1 being read.

DL doesn't hide his dislike for AIM, mm's and the pump and dump nature of the sp to news and todays margin trading trends. ASX is more likely? I would have to look at the rules.

LOTM is right, but if Red Setter is a duster (H1 hit breccia to depth so it's not a total duster) but with thin and sparse gold returns then whether the share price crashes from a £1 to 10p or 1p to 0.1p. The difference is delisting at >0.1p or surviving at 10p and going back to sand blowing at Cottisloe...I wonder if those boys are still out there..

Or, what NEWS said about collating assays together crossed my mind too, then publishing the whole thing may not be wide off the mark, and would be a bombshell RNS that would rerate and lock in value. It is now obvious that the company is running a tight ship, but news of an RNS being published, IS being leaked...but not the contents. That should be looked into by authorities as it is impacting the sp thus being price sensitive in itself.

My £9 prediction for 2026 doesn't look so daft now.

My gut is saying RNS post consolidation. Locking in the rocket for lth's and opening the door for serious Institutional investors looking for a gold play.

If I'm right a drift to 0.7 is on the cards over the next 3 weeks...but just as easily, an RNS could be first then JV post consolidation. One thing is for sure, it has been done in preparation of something...and bad news is a low probability imo, given geology, historical evidence of good shallow grades nearby, they come from deeper down not from fairy dust.

Arch

Understand Cando, there is risk here, but I think sentiment has grown legs today and promptly ran folk out the door. The BB has been a bin fire today of emotion, plenty of informative posts, but missing the positives of getting away from the 'penny stock minnow' vibes.

I just doubt that the 100-1 consolidation has anything to do with assay results. Given that the consolidation move will have been planned and organised over several weeks. Time scales just dont add up.

Hold for gold.

Bang on News.

Oooft peeps are going to be on the sidelines when the assays start landing one after the other. £3.50 easy. Then the games begin.

Embrace the change. It is only a move in the decimal point.

Hold. Think about it. Which order of news is best to retain gains and create more stability in the sp? Announce a Tier 1 discovery only to watch the sp crash as punters run out the door on consolidation news. Or drop the news of consolidation then release the assay results...big difference eh?

The writing is on the wall for the pumpers and dumpers. WSBN is going up a league and the traders dont like it.

If the valuation of the market cap doubles, the sp doubles regardless of where the decimal point is.

Secures the long term future and removes all doubt of the ability of the company to raise capital, strengthening the company in any jv talks.

Imo there is an awful lot going on and the groundwork is being done.

They are not standing still, that is for sure and it is far too early to say that hole 1 assays have been delayed, or shoved into the bottom drawer.

Arch

I'm going to hedge my bets and offer my congrats to the lth's.

I think this is indeed a leaky spike induced rise, I've been looking for. Lots of data for the company to go through, sort, draft, plan and compile, and it looks good...very good.

It is going to be a very busy week next week. I doubt there will be an RNS on Friday. They will spend the weekend drawing up the RNS and selecting the data to present. Huge amount of data to process.

Leaky leaky leaky!

🚀

My thoughts are either; CDL and GUN are rock, chip and soil samples, with maiden drilling still to happen. ARV's titan drilling results are not new results for that target.

Red setter dome is a new untested target and Telfer a short distance away for ore to be processed.

Or, the froth has left the market already, it looks like the jitters could be happening in the tech companies which were up to 230 × earnings and is affecting everything, but when everything does fall apart, gold stock will do just fine imo.

Lets hope for a great initial assay to get this puppy going again. A good assay will give the shareprice a floor and stability with viable gold in the ground. Breccia for 200m, in Paterson? Telfer nearby? Wouldn't take much to get mining started and into producion. GGP are actively drilling and looking for pay.

Well done Skint, I would just say that the bit between RNS drafting/submission and publication looks leaky here given past behaviour.

I have said previously that I'm expecting a sharp rise (or fall, hopefully not) the afternoon prior to a good RNS. I would say your in a good re-entry point now....or you buy in over the next few days.

Gl

There are quite a few other explorers that are waiting for news and are drifting.

Drifting down is it's natural move. The cores from hole 1 were excellent and had everyones attention. Nothing has changed, and I think we will have the results next week. It is not pleasant watching the sp drift, but it will rebound in leaps on positive news and drilling progress.

I'm holding.

On good assays, this won't stop for a breather as the capital flight from other markets arrives in a stampede to hoover up value.

It just goes to show, sitting on cash waiting for opportunities is a good strategy. Every man and his dog knows what is around the corner in 2026.

I only have a fraction of my capital invested.

Nice to see a bit of fear and impatience here. Makes me happy.

I prefer it like this than rockets and booms. Great time to buy.

Arch

GUN like CDL, positive field samples have given them a 10% boost nothing more. They have still to drill.

Wsbn is drilling with core assays due at anytime now. We are at the meaty end of the exploration journey.

The domes look like big lollypop sticks of breccia sulphide carrying gold. Hole 1 had 200m of breccia sulphide and they stopped at 777m still in it. 200m of potential continuous pay dirt...good grief 🤑🤑🤑🤑

The company has said this is viable as a open pit with an underground mine. Assays just need to put the "proof" in the pudding.

Hold for gold.

No volume, no oil and a basket case of a jurisdiction.

Sub 3 incoming

Ahh anticipation spilling into frustration, triggering fear! Fear is strong here, buy buy buy!

Folks, this is a leaky ship. At about this time of day I'm looking for a sharp rise to about 2p on a good RNS being submitted prior to publication the next day.

For the rest of the week I'm going to join the 1p brigade...because why not?

C'mon 1p! Lets be having you lol

Should say drilled and untested.

Just to clarify, I'm invested here with a modest 500k shares and this is a make or break stage. There is 3km of strike about to be proved up. Initial shallow drill sampling north of red setter has returned gold grades. Red Setter is undrilled and untested. Hole 1 finished still in breccia at 777m and could be the heart of the system. Hole 2 hit breccia earlier than expected but not in depth like hole 1. There can and most likely are more breccia pipes and ore chutes all over Red Setter. It is looking like big fat juicy chunks of pay so far.

Assays will make or break this shareprice. If the assay of hole 1 is good, 3km of strike at whatever grade starts to get priced in, hole is undergoing assay and hole is nearly completed. A steady stream of assay results on the way. It ain't going to be a 10% bump up in sp...put it that way so I'm holding for the assay results and the win.

The pullback in gold price points to an overbought bullion market. There is an awful lot of cash (retail, institutions and cash rich Gold producers) still looking for a safe home over the next few weeks/months. Gold miners/explorers are looking very cheap and are the next best thing to bullion.

Our turn :)

Arch.