Member Info for bandicoot

@Bogota I completely agree. Lets face it, we're all taking a gamble here and I have already accepted the possibility of losing money if it comes to that.

The "less risky investors" i.e. those just looking for a good return not necessarily a mega multi-bagger won't put a penny here until they see those results or even a JV.

If results are good, there will be ridiculous money flowing into this. Probably on a scale not seen before.

Risk/Reward is off the charts.

22-Aug-25-16:32:09 135,000,000 20.13k

Enough said. Whoever you are, you got some balls. Probably some very rich balls fairly soon.

@Warrie You are right, thanks for the correction much appreciated

Been doing more research on this over the weekend also, along with WSBN.

I didn't fully realise how much is already in place here and just waiting for updates.

Looks like this could be a dark horse longer term.

Exciting times.

Stop losses....

I mean, would you show your hand in a big game of poker?

Reply from Campbell Smyth (Managing Director of Clariden Capital).... "Looking forward to discussing all in perth David!"

https://x.com/campbellsmyth/status/1959618773851525474

>> https://www.clarendongrp.com/index.php

Working around the clock.

https://x.com/WishboneGoldPlc/status/1959496344319496523?s=19

For those interested, I had Grok 4 Expert do a detailed dive on Lenigas and his history.

Here you go: https://grok.com/share/bGVnYWN5LWNvcHk%3D_18490ae9-0dc0-4bdf-975d-a99bfd59d970

@Manifesto

I have to admit, from the research I've done today this is probably the only and biggest negative I have found. Lenigas.

I am not a de-ramper. I am invested here.

Lenigas has some history and is constantly re-tweeting cheesy bitcoin stuff on X.

Being wary of him for sure.

Realistically, here is what you can expect from WSBN (This is NOT a certainty):

Short-term (next 0-3 months): If assays show high grades (e.g., 2-5g/t Au + Cu), price could double/triple to 3-5p. This matches GGP's post-discovery surge (~275% in 2018). Catalyst: Assay results.

Medium-term (3-12 months): Positive resource estimate + JV could push to 10-20p (7-14x from current), akin to GGP's 2020 peak. Red Setter's dome structure suggests potential for multi-million oz resource; if Havieron-scale, upside to 30-50p (20-35x). Market cap could reach £200-500M if validated.

Long-term (1-2+ years): If developed into production (unlikely without partner), 50p+ possible, but high execution risk. Downside: If assays flop, back to 0.5-1p (65% drop).

Overall potential: 5-20x from here if it replicates GGP, but cap at 10-15p realistically without major backing. Gold market strength helps a lot and could see these figures even higher.

@ripley94 Wishbone Gold’s Red Setter project is among the closest, if not the closest, to Greatland Gold’s Telfer mine and Havieron project.

This is the difference IMO.

Initial drilling points to similarity. Potentially sat on an even larger asset... or potentially not.

A lot of people will be doing some serious research on this over the bank holiday weekend. Me included, to remain balanced I'm doing my absolute best to find reasons not to invest here also.

The primary catalyst for GGP’s October 2023 to September 2024 price surge was the September 2024 acquisition of Telfer and Havieron, transforming it into a producer with a robust asset portfolio. WSBN, however, lacks the structure and leadership to replicate this independently, in my view. The most logical move is for WSBN to partner with GGP, why look elsewhere? It’s an absolute no-brainer from a business perspective.

There can only be one reason why they’d all fly out there, short notice. Likely for the most important business meeting(s) of their entire lives, followed by a very expensive dinner.

Monster buys gone through past few days only confirm suspicions about leaks, tip off’s etc. We can only hope GGP doesn’t demand too large a stake. As an established producer, GGP holds a strong negotiating position.

@Dibs61 Exactly! If these assays check out, not only could this be a GGP repeat, but with the current bullish gold market this would be a repeat on steroids.

Some crazy numbers flying around... here's a reminder of GGP timeline:

July 2018: High-grade gold-copper discovery at Havieron project

Price: ~1.5 GBX (from ~0.4 GBX)

Surge: ~275%

Notes: Breakthrough discovery in Paterson Province put GGP on investors' radar.

March 2019: Farm-in joint venture with Newcrest Mining

Price: ~2 GBX

Surge: ~33% (from post-discovery levels)

Notes: Newcrest’s $65m investment for 70% Havieron stake validated the project.

December 2020: Maiden Havieron resource estimate (4.2Moz gold equivalent)

Price: ~38 GBX

Surge: ~1,800% (from early 2019 levels)

Notes: Gold bull market and drilling results drove a peak, with 1,974% annual gain.

September 2024: Acquisition of Telfer mine and 100% Havieron ownership

Price: ~138 GBX (from ~6 GBX in October 2023)

Surge: ~2,200% (from 2023 low)

Notes: $475m deal with Newmont transformed GGP into a producer, boosting valuation.

June 2025: ASX cross-listing and strong Telfer/Havieron production

Price: ~330 GBX (peaked at 363 GBX)

Surge: ~139% (from September 2024)

Notes: 90koz gold output and A$253m cash flow, plus expanded investor access, fueled rally.

I believe GGP will seize this opportunity. WSBN would be unwise to reject a deal, given their proximity to GGP’s operations. With GGP’s on-the-ground experience, established infrastructure, and streamlined workflows, a partnership makes sense. If WSBN’s results are strong, their stock could soar. I recommend holding, as GGP’s rapid moves were remarkable. However, be cautious... there’s significant hype, so results must be exceptional to meet expectations. If the results disappoint, the stock could just as quickly decline.

@reece It's easy to say that looking back. But it's hard to say selling at 800% was a mistake. That's huge.

You were smart in that you didn't sell it all. Entirely de-risked. Basically play money for you at this point.

Happy bank holiday weekend folks.

Catch you next week.

Next week is going to be wild. I'm really excited to see what happens here.

Everyone is talking about WSBN.

20k Buy at 1.57, wow!

Held the entire drop, didn't even cross my mind to sell.

Strong finish