Member Info for Archangeleyes

Reflecting on today's news gives me the impression that there is a level of confidence and anticipation with the BOD. Drill plans are being finalised on the back of geological mapping by Apex. You get the feeling that the 'ducks' are very close to position. The company will have an idea of the capex involved in the next leg of exploration and development.

Going by WDU, it doesn't matter where GGP poke holes they are hitting good grades. Main Dome Red Setter will be the same if it is mineralised with COPPER AND GOLD 🤣. All roads lead to Nifty...we are heading into the M&A phase of this bull cycle. When cash is surplus and assets sought. The markets seem to be less volatile and the pog is settling at a healthy price.

Exciting times ahead for the assays of 25RSDD001 and 2. A healthy shareprice will support a healthy drilling campaign and we will be in a growth share not a decaying one. Happy days ahead.

"Assay results for the Red Setter copper and gold project are expected shortly from the 2025 drill program and the geologists at Apex Geoscience are well advanced with their geological and structural interpretation. We remain happy with what we have seen to date in the 2025 drill core and when we receive and analyse the assays for 2025 we will finalise our 2026 drilling plans. We look forward to increased news flow over the coming months."

So the all important Assay RNS has bones and just needs assay numbers to set it alight.

News imminent.

Imo.

Just to clarify EM said they would have the assays by Feb. Not us. I'm expecting news at the start of March.

Solg has an mre of 23.5m oz Au and was sold for £850m. Plenty of PI's not happy with that price. I have a tiny holding.

If RS is like Telfer and has an mre of ~15m oz it will be sold for around £600m which is £21 a share.

I'm holding until buyout.

Good luck, imo.

There are some academic studies and research articles that look at how TikTok (and the short-form video format it popularises) may be associated with reduced attention spans, cognitive focus, and patience-related behaviours.

Fast-paced content conditions the brain for quick rewards and novelty, which can reduce willingness to engage in longer, less stimulating tasks.

Divided attention and increased cognitive load from short-form feeds may limit deep processing and focus.

Now ask yourself an honest question are you watching too much tiktok and posting;

"RNS TODAY"

"UFO, GUARANTEED BAGGER TOMORROW"

"WHERE IS MY £1.30"

"BETTER NOT BE AN RNS ON A FRIDAY"

"RNS TOMORROW"

"I'VE GIVEN UP, I CAN BET YOU DL AND RP ARE HAVING GOLDEN SHOWERS TOGETHER IN DUBAI AT THE SHAREHOLDERS EXPENSE, BASTAARDS!"

disclaimer: the above is satire and the allegations of dl and rp having golden showers in Dubai is just for humour and are not true....

Gla and enjoy your evening.

The most logical results would be similar to West Dome Underground (WDU), if the main dome is mineralised imo. Hopefully the breccia supports continuity of grades.

I reckon the company gets all the assays at the end of Feb, while we get the assays, updated geological picture and plans in early March.

Feels realistic to me as they are probably working through the RC samples now.

My thoughts is that Poulden did not like the pumping of the sp and was worried that upon releasing the grades of holes 1 and 2 (lets assume they are class) would result in a pump and dump, before he was ready to gather the rest of the data, organise permission of the road, consolidate, plan the next drill and raise capital on a sp that has already sailed on him then promptly drifted before the optimal price to raise capital.

By working with ALS to collate all the assays before release stopped the sp from pumping, allowed it to drift. He will announce the news when he has his ducks in a row to act. This is the correct order of business as we will already be looking forward to the next drill plan and anticipation of a buyout/jv if this is another telfer.

This might not be a popular opinion with investors who want to realise investments as soon as possible but DL as lamented about the downward drift that afflicts explorers. This way they stall the sp until THEY are ready. Not YOU.

It is this reason why I think 25RSDD001 and 25RSDD002 are industrial mine makers.

Well, looking around at other explorers it looks like volume (I mean industrial scale), owning 100% of the project and continuity of grades.

Here at WSBN we are firmly on the right track, 100% owned, 4 massive domal features with the main dome drill hitting breccia to depth every time. The diorite confirming gold mineralisation in the system. Exciting times ahead. I'm optimistic given the size and area being tested. 😊

I remind myself why I invested and it was the geology. I live by the saying that "no news is good news".

The drill contract was for 5000m. They completed the drill plan.

Once the company knows the assays they can plan the next drill phase.

From what I understand there is a liquidity problem, not profit taking. I think this is more structural. Eyes on the banks and see if there is contagion.

Breccia, alteration, vugs, pyrite and chalcopyrite in the main dome with quarts veins...everything required for a gold deposit.

Investing requires patience and confidence. Poulden is releasing everything at once for maximum impact to reset the shareprice.

If this is a deposit, this will be snapped up by bigger players with cash to get rid of and future gold ore to secure. Simple.

I strongly suggest that GGP doesn't have the monopoly on the surrounding deposits. It is common that ore is transported hundreds of kilometers in Australia.

Yep, expect the unexpected.

The drilling contract was completed before Christmas, so no need to move staff by helicopter.

I highly doubt that the assays are being retested. A little bit of patience required as assays get collected. Last news on 8th Dec was 3 holes completed, assays pending with 4th hole cut prepared for assay.

Geology all points to grades being present and most likely similar to Telfers WDU.

This needs news to move, and if the news is good, buckle up!

30m shares in issue. £24.6m market cap. If this main dome has copper and gold this takes off into a market cap of several hundred million.

I couldn't give a flying eff what the company does to raise capital as the shareprice will be so high that dilution will be minimal.

Let's see what the assays return. This is the maiden assays for these domal features. This is the main dome and personally I prefer the look of the North dome as it intersects the diorite.

Cottisloe's now firmly on the table with the price of silver. There's allot more going on now than there was a year ago. Value of these metals could catapult this share north as it is looking very very cheap now.

Deferred B shares replaced the old unconsolidated shares temporarily while the application for the new unconsolidated shares were being processed. Imagine replacing a currency in a nation. You need to collect all the old coinage then replace it with the new currency that has a few less zero's. But while the new currency gets made you tell folk to use plastic tokens while the nice shiny coins get made. Then swap the plastic coins for the new 'real' metal coins.

Life is truly an illusion,

"Je pense, donc je suis"

While the consolidation is a neutral event, this RNS can be viewed slightly positively as it shows that the company is functioning, competent and legally compliant.

It is not a placing or dilution, and does not suggest dilution is next. When the consolidation happened at 6pm on the 28th November (if I got that date right) 30m deferred b shares were created at 9.9p and used as a plug while the 'new' shares were being created. Today we effectively swapped our deferred b shares for the new consolidated ordinary shares and the old unconsolidated shares along with the 'temporary deferred b shares' have gone back to the company and now sit as unissued shares with the deferred b shares. The shares we hold now have a nominal value of 0.1p not 9.9p. It is like issuing temporary tokens while the new tokens are organised.

It is worth noting that shares only exist once issued as placings or warrants and that deferred shares are different from deferred B shares, and deferred shares are not ordinary shares as deferred shares usually have strings attached and are used for internal payment/incentives within the company (no voting rights and limitations on selling or gaining them like Elon Musk and Tesla)

The 30m defferred b shares will most likely be cancelled and removed from the register. And the 7.9bn unissued shares are available on the companies register for issue.

My own personal opinion was that the company still had plenty of headroom prior to consolidation to conduct placings and that by reducing the shares in issue from 3bn to 30m was done to make the company's share register corporately attractive (simple), for buyout.

Expect the unexpected.

Arch, corrections welcome!

~25 holes. My research suggests that a basic inferred mre is viable in around another 10 holes drilled.

Why hold back good news?

Telling the lab to collate all the assays before delivery to Wishbone gives Poulden time to deliver news, increase shareprice and raise capital for the next phase of exploration and development in a shorter time frame that prevents the shareprice from drifting away from him. Directors between companies talk and the move to begin infrastructure is a green flag on assays imo.

With the rise of gold it is turning out to be a wise decision as the churn over the last few months will have moved shares from more short term speculative hands to LTH's.

Suits me fine and IMO.

With the pog at all time highs, if these domes are mineralised like Telfer, this goes vertical..crikey, the stakes have never been higher. Dumping everything onto the market will have the biggest impact if these domes have gold in them.