Member Info for ART123

20 March 2025

Rome Resources Plc

("Rome" or the "Company")

Settlement of claim against the Mozambique Government for the expropriation of Mining Concession 4623C

From RNS dated 10th March: "Mark Epstein CEO of Mobile Streams said: "We are delighted to partner with CXS as we move forward in launching 'Bet' imminently in the Mexican market and significantly expand mobilegaing.com and grow the business further in the LATAM region."

If there are any experts here, how "imminent" is the launch in Mexico and is this going to be cash-generative? Cheers in advance.

The problem with Richard Poulden is that he is just not a geologist and he doesn't have a bloody clue what he is doing in Australia with all of these prospects. In fact, the WSBN website says it all: "Richard Poulden read Jurisprudence at Oxford and qualified as a Barrister. He has an MBA from the London Business School". On the other hand, David Lenigas is a qualified geologist.

Maybe Lenigas should be appointed to the board - CEO maybe - instead of just as a consultant.

Gajiemo - "Pretty sure WSBN bought more than a few of their exploration sites from DL".

I totally agree. I think it would be easier to find any of WSBN's prospects not acquired from Lenigas (as at least a partner).

Here are 3 for starters:

5 October 2020: Acquisition of option on Significant Havieron / Telfer Region Tenement Package - Assuming that Wishbone proceeds to acquire the projects, Wishbone will issue the vendors (being Peter Romeo Gianni, Geonomics Australia Pty Ltd and David Anthony Lenigas) ,,,,,

3 March 2021: High grade Silver Acquisition in Patersons Range - Assuming that Wishbone proceeds to acquire the projects, Wishbone will pay the vendors a cash payment of £35,000 to Mining Equities Pty Ltd and issue Mining Equities Pty Ltd 600,000 new ordinary Wishbone shares and Mr. David Lenigas 300,000 new ordinary Wishbone shares.

23 August 2022: Option to acquire 100% of Anketell Gold Copper Project Secured - Assuming that Wishbone proceeds to acquire the project, Wishbone will pay cash consideration to the vendors (being Mining Equities Pty Ltd and David Lenigas).

You can't bash Lenigas and support WSBN from now on, that's for certain.

No trades so far today which I take as a good sign as it means that everyone is hanging on in here eagerly awaiting the next drilling update for this new project in copper-rich Zambia. Bring it on.

Which company is that? I've checked and it's not GLR, despite that randomly rising nearly 25% yesterday.

I'm not too bothered about Bushranger at the moment. That can wait but it would be nice to get another update on the Silverking drilling that is ongoing right now. Let's hope that Mr Bird hasn't nodded off on the job.

Surely all this RNS says is that CPX supercapacitors are now going to be included in the Premier Farnell e-catalogues, along with 2000 other suppliers of electronic components. It doesn't guarantee any extra sales, beyond what may be bought from the catalogue.

I'm quite confident that we will get more news this week, if only because they will have completed more drill holes. If we get some early indications of the assays for the first holes then that will be fine too, but for that we will have to wait and see what the RNS says.

I think that the drill campaign has got off to a flying start. I certainly wasn't expecting 3 successful drill holes to be reported within the first week.

And bear in mind that this is Zambia and that the assays could very take many weeks to come through so if the team can manage to get an XRF scanner to site and get some preliminary figures for the grades that would be a massive result. Give them a chance I say.

Another tick-up, now 25% up, but it is still noticeably only relatively small buys that are creating the upward movement. A buy of 250,000 is only £2835 which is not a lot and most of the trades are still around 100,000 or fewer shares with a value of around £1K. I expect the volume to pick up considerably when more drill results and Cu assays start to appear.

It is very early days here and the buying over the last 3 days has been quite restrained. However, the MM's have kept raising the Bid price which is a good sign. I was checking over the weekend and there has been very little dilution over the last 2/3 years of reduced activity. I think it is time to forget about Bushranger for a few weeks/months and see where this new project takes us.

If the assays for the first 3 holes - with continuous copper mineralisation over 46.4 metres, 95 metres and 66.2 metres - come in at anywhere around the previous assays - drill intercepts including 50m @ 5.47% Cu - then this will really fly. It could well rise by 3 or 4 times which would take the share price right up there with the previous Bushranger rise.

3rd day of straight rising and no signs of this slowing down. 1.10p paid now.

I hope we hear from Colin early next week. I think that the market reaction to this early news is very positive and definitely warrants a podcast or two.

Also drilling is ongoing so we may get some further drill news next week.

ATB

I do feel that Colin Bird is being blamed for what amounts to a very poor market. Despite the FTSE 100 being at an all-time high over the last month or so, most shares are considerably down on their luck with AIM shares being particularly badly hit.

Having posted all that waffle, the buy price is suddenly down anyway - 0.8325p to buy - at least for anything under 150,000 shares. 200,000 is still 0.94p

Some brokers don't offer them at all over the current spread/price while others will have availability - often almost unlimited - but you will have to pay more. IG will let me have 1 million at 0.94p 1.5M at 0.9733p and 2 million at 1.02p. Oh and 5 million at 1.3p. It's all a funny old game. Personally, if the share price is rising fast it is often better to have a looser broker as otherwise there will never be any available until they are offered at the higher price anyway and by that time they are sure to be on the move up again.

You can buy more - try IG Markets for one - but you will have to pay more for them - currently 0.94p for 250,000 which is about £2350's worth. The price for less - ie 100,000 is 0.895p.

Well, there hasn't been much 'ramping' by Mr Bird so far as we haven't even had one podcast.

I say give this prospect a chance and having followed numerous drills in copper-rich Zambia over the last year or two - including 3 by Tertiary Minerals - it is a real joy and immensely satisfying to finally have one that has appeared to hit not only fairly long lengths of copper but what looks to be very high-grade intercepts. I will wait for the assays with high expectations as it is the potentially high-grade assays that will move the share price upwards.

ATB