Game Time27 Jan 2026 09:54
I'm feeling like game time is on the horizon.
1 - Lenigas (love him or hate him) is on his way to Oz, for WSBN and others. He's interested in making money
2 - The assays ARE NOT DELAYED, they have told us they are not delayed. They have also said that they want to collect all of the results, not just the ones that they already have and formulate a wider plan. Makes sense to me.
3 - Lenigas raison d'etre is two things, increase SP and raise cash. As that is the cvase, timing is everything for us. We are back at a low point, its not now (IMHO) going back to he 70's). Buy now and enjoy the spoils, take care though, I will only be selling above 100p, not buying, a view that might change if circumstances change, but thats where I am right now.
4 - Poulden doesn't give a monkeys if gold comes out of the ground, he will be in the ground before the gold comes out of it. These things take inordinate amounts of time, and he's not getting any younger. So, the focus here will be about generating cash in his pockets.
Two ways of that happening
Option A - he is a shareholder too, so it could very well be through some kind of JV, very likely with GGP (I don't buy the Nifty copper story, that's just a play to give GGP the impression that there is more than one interested organisation, and Nifty gave them an eff off pill with their robjection to the road). GGP will be acutely aware that they are really the only option for WSBN, and so they won't want to overpay for WSBN.
Option B - further raises. Anybody that thinks that WSBN won't raise again is deluded, you need cash to push these things along, you need cash to explore, you most certainly need cash to get gold out of the ground.
My full expectation is that the SP will go back to 150p in the next 6 weeks, they will then raise. Later this year we will be looking at a JV with GGP. That JV (depending upon the results of all of the assays) will be closer to £3 value to WSBN.
Take whatever I've said with a pinch of salt, its the musings of an investor who does his research, however, the RNS from Friday last week took me very much by surprise. If nothing else the ride with WSBN is entertaining, lets just hope that its rewarding too. For goodness sake, do your own research, careful of who you listen to on here. Definitely don't simply rely upon the kudos of a premium member, I am aware of at least one person on here who regularly states what L2 is doing, and when I check its a pack of lies.
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