Member Info for Cebo-456

Looks like a very defensive RNS - is this a show of Strength from the Board to ward off any potential Hostile Takeover - GGP is hugely undervalued and the SP should be way higher consideribg for what they have - this will not be lost on the big-boys of the industry - do they suspect or are they aware of positions being taken ????

All resolutions passed. Consolidation 01st Dec. Big news released after 01st Dec

AIMinvesting - just proved yourself to be a clueless troll, spreading mis-information.

Ed Mead has a lot of credibility in the Industry. He is on record as saying the Assays will be released. Also on record saying hugely positive things about what they are seeing in holes 1 and 2 so far. His credibility and reputation is on the line.

I have thought long and hard about which way my votes are going to go - and what effect getting rid of Poulden would do to the SP, albeit in the short term. I have decided that unless we have the results before the deadline date then I will be Voting that day gainst all resolutions. And will be encouraging others to do likewise.

If Red Setter holds the discovery which I think it does then every investor will do very well here - but the passage of information and level of contempt for shareholders from the Board needs to change.

Ed Mead has insider and PMDR status. If he has indeed sold the shares then he has broken the law. Having inside knowledge would prevent him sharibg because this would 100% be a closed period , and then not notifying the market that someone with PDDR has sold shares would mean the Company are being underhand ti say the least. WSBN need to clarify this immediately.

That's nonsense - because quite a lot has changed . We are now drilling the 4th, maybe 5th hole on this campaign and really need a proper update on the where and why - they need to update on when they will have the Assay results back - a quick call to ALS will tell them - then they put it in an RNS along with the drilling updates.

Not social media cryptic messages - it needs putting in an RNS.

I will wait till the 19th before casting my vote and fully expect an update before then.

Nothing bad about it. Just a Company growing up as the MC rises as well. It's the right thing to do and makes it more attractive to II's and sets it up for a cross or duel listing.

Ok, for those saying 40p a share - what size of discovery would Red Setter have to be - and what does proving this up entail.

Conservatively and suitor will pay 5%-10% of the non discounted spot value of the Metal in place - so a 6m oz Au discovery gets us there with the expected Cu content based on a conservative 5% (of metal) valuation

So as above Wishbone Gold (WSBN) to be valued at around £1 billion, assuming a buyer pays 5% of the in-situ metal value, the Redsetter project would need to contain roughly 6.5 m oz of gold, or an equivalent combination of both gold and copper. That level of contained metal represents a Tier-1, world-class discovery, similar in scale to major deposits but still smaller than Havieron or Cadia and about half the size of Telfer. But how does it prove this to any buyer.

To prove that level of resource to JORC standards, WSBN would need to complete a major exploration and evaluation campaign, not just early-stage drilling. It would likely require between about another 50000m of diamond and RC drilling to define the orebody and demonstrate continuity and grade. Extensive geophysical surveys, detailed geological and 3D block modelling, and full QA/QC validation would also be essential.

In parallel, the company would need to carry out comprehensive metallurgical testing, density measurements, and environmental baseline studies to support a JORC-compliant Indicated or Measured Resource. The total cost to reach this point would typically take another $US20m, and the process could probably take about 18months , depending on logistics and funding.

Once such a resource is proven and reported by a Competent Person, it would provide the technical foundation a major producer would need to justify a £1 billion acquisition or partnership. At the current 2.59 billion WSBN shares in issue, that valuation would equate to a share price of about 40ish p. In short, to reach a billion-pound valuation, Wishbone would need to outline a truly world-class deposit and back it up with rigorous JORC-level proof.

So for a £1billion Valuation (circa 40p a share) we would need a lot more drilling

My conclusion - if this is Haveiron sized then to get £1billion for it could we would need some sort of Farm-on or JV to fund the drilling and about 18months to carry everything out.

I suspect we will likely get taken out before that happens unless the company can continue to debt fund the drills themselves secured against resources .

Low ball offers may come in once they have completed a few more drills and have all results back - possibly up to about 15-20p a share.

If the Redsetter is anywhere near Telfer sized then double the figures above.

Be nice for news to wait until the SP is back to between 1.8p and 2p. Although if the news is good enough then potentially we could be many muliples of that in the very near future.

Basher

Yes, participants include retail investors but also institutions, hedge funds, and proprietary traders — essentially anyone placing buy or sell orders. These participants interact with the market through electronic order books or brokers.

In many cases, participants can effectively trade directly with each other when their orders match in the open market. However, when no immediate match exists, a market maker often steps in to take the other side, temporarily absorbing the imbalance and keeping the market fluid.

Large institutional orders can influence price movement, especially when they are significantly above or below current market levels. Market makers, seeing this imbalance, may adjust their prices or hedge positions accordingly — but they don’t “set” the market arbitrarily. Ultimately, supply and demand across all participants determine where the price goes.

Summary

Market makers are essential to maintaining efficient, liquid markets.

They:

Provide continuous buy and sell quotes

Manage risk and inventory

Facilitate smooth trading for all participants

While they earn profits through the spread, they also take on risk — and their presence benefits participants by reducing execution delays and volatility.

And they do not have an "obligation" to buy or sell anything above the NMS

Why argue if it was a buy or a sell - the answer is simple - it was both. 🤔

Try selling your car, bike or anything with no buyer - it isnt happening- same with shares

Loolijg at the time stamp for this tx - it was 13:27 on 4 Nov 2025:

The bid was 0.96 p, The ask was 0.98 p,

The trade printed at 0.96 p,

And it was reported late (delayed publication).

Because it was at the bid, the aggressor, or the guy who instigated the Trade was most likely the seller.

That means:

A seller accepted 0.96 p (the best bid).

A buyer (or several buyers, probaly an institution) took the shares at that price.

So yes — there was probably a seller - and a buyer or enough buyers (someone or multiple counterparties) to absorb the 24 million shares, otherwise the trade couldn’t happen.

Given the large size and delayed reporting, this looks pssibly like an “off-book negotiated cross” — a broker matched a seller and a buyer privately and then reported the deal to the exchange later.

So while the execution price (0.96 p) aligns with the bid, ther wasnt immediate market selling pressure — it was likely a pre-arranged block trade cleared through the system.

So more than likely it was the seller that instigated the Tx, there was a buyer or buyers on the other side of the trade - all in my opinion.

So those saying it's was a sell are correct, as are the ones saying it was a buy.

Accionista , possibly then - WRSDD0008 intercepted 7m @ 2g/t gold and 0.38 copper from 273m . So if 003 is followibg up from this its likely very close and a fair bit deeper.

 

Accoinista.

Not so sure you are correct - from memory, Hole 3 was previously drill but very shallow but with decent graded it was hole 008 I think fron a previous campaign a couple of years back.

Continued ......Manifester - if you want this in another format, Crayon perhaps, then let us know your favourite Crayon colour and flavour xxx 😉

Manifesto, even you surely are not that thick. So in simple language - Hole 1 went into the big gold Dome shaped thingy. - they looked at hole one cores and decided to do a step out based on them (and for some reason called it hole 2) still on the Gold dome. Hopefully Manifester, you are keeping up so far 😉

But both the gold dome AND the diorite need testing (I will again explain below how they are probably linked). So Wishbone took the big drilling Rig thingy to Hole 3 (we already have grades for hole 3 but wanted to to test it deeper. Hole 4 and 5 and probable a few more on the Diorite only need grades to prove up the resources and will be done whilst waiting for Hole 1 Assays. When hole 1 Assays come back then we will likely go back to the Dome and get more Cores. Based on what they say we may drill Hole 1 deeper but more likely another hole.

Most of the daorite only needs to be done using the RC rig as its the grades they need on the Diorite to prove up the geological model , reserves and resources - and show that thr dome (holes 1 and 2) and the Daorite (hole 3-6+) are likely very much connected - so both need investigating and understanding simultaneously. They will also need all the geophysical clever Sh't - another MT drone survey and some good mapping AI technology to pull everything together and show beyond reasonable doubt what we have for the JORC guesstimate.

So my take on exactly how the Gold Dome and Diorite are likelt connected - again as follows:

The diorite would have provided heat and fluids.

When the diorite pushed up into the surrounding rocks, it heated them and released mineral-rich fluids (water, gas, metals).

That pressure created our Red Setter Gold dome, as it is now being called.

As the diorite intruded, it helped “lift” or dome up the overlying rocks — forming the Red Setter Gold Dome structure.

Fluids moved through cracks at the dome’s top and edges.

These cracks and breccia zones (broken rock) became pathways for gold- and copper-bearing fluids. When the fluids cooled, minerals like pyrite and chalcopyrite (often carrying gold) were deposited - ignore the muppets that say we are only seeing Fools Gold in the Cores - that is hugely positive and likely indicates Gold in them Cores 😀

So what Wishbone will want to show is that the diorite is likely the engine that powered the gold system — both shaping the dome and supplying the heat and fluids that formed the mineralisation

Or in relatively simple terms - The diorite intrusion acted like the heat engine that caused the Red Setter Dome to form and helped drive gold- and copper-rich fluids into cracks around it — creating the mineralisation targets Wishbone is now drilling and paving the way to show that this is hopefully a multi million oz Au discovery, with $Billions (20-40🤞🤞🤞) in-situ (non discounted) value of Au and Cu in place.

Manifester - if you want this in another format (Crayon perhaps) t

Remember as well. GGP only drilled 9 holes on Haveiron before their JV partner took over. And GGP's first 4 were all non comercial - before hole 5 hit.

Yep, absolutely mad that with two rigs on site, we could have completed 8 holes by year end.

I can only imagine that the Company will put out an update on the drilling at the same time as we get the Assays for hole 1.

Exciting times but we now need official Comm's from the Company - not hints on social media.

Ramping or trolling a share on those forums do not change the Shareprice unless a shed load of private investors believe the crap they read and act on it - and I mean a shedload to move it a fraction of a point.

It's the Market Makers that are marking this up or down - obviously down at the minute - and will also move the SP to where they will get the most action.

MM also have information that the normal investors doesn't ussually have - so working out if they are moving it on this information or they are just creating liquidity is key.

Great RNS

After skim reading it - they are basically saying:

👉“We’ve found strong gold anomalies in soil samples that match up with and extend around areas where previous rock samples already showed extremely high gold grades. This supports the idea that the gold mineralisation continues beneath the soil cover.”

The way its written - it’s bullish and rightly so - positive and hugely promising early-stage exploration news: it implies there could be a significant gold-bearing system beneath the surface, warranting further drilling - so as good as it gets at this stage.

What it means for investors

👉The company has found supporting surface geochemistry that strengthens confidence that this has huge potential.

👉The alignment between soil anomalies and high-grade rock samples suggests they may be closing in on a potential drill target on large mineral deposits.

What it means for potential Suitors - get your cheque book out and see if CDL want a JV on good terms but amsay please - this may be the next Haveiron, Telfer on De Greys Hemi discovery.

If this doesn't rerate today and tomorrow then their is something wrong.  We should be around the $50m Market cap on Darlt West alone - with Patterson news to follow tomorrow or Monday. 

Good luck and we'll done all (CDL and investors)

Drill Baby Drill 💰💰💰💰💰

Not sure about that...

What we have so far at Darlot West are some excelent Rock chip Sample Assays RNS'd last week. but those without good soil results do not show continuity over a wider area.

Good soil results would indicate gold at depth, and continuity over a broader area, correlated with the Rock Chip samples would indicate a coherent gold bearing system rather than isolated outcrops that could just be in play with good chip samples and poor soil samples.

So to move the SP to new record highs , we need the 650 Soil Samples to come back positive. The 70 Rock chip samples were a very good start but without soil samples to back them up then the market will still have major doubts - So fingers crossed.

CDL is still very under the radar. The Market hasnt priced very much in at all - poor soil results and we drop 30%. Good soil results to back up the Rock Assay results and the market should rerate.

😭 Poor soil sample results and I top up at sub .80.

😁 Good soil results and I buy more up till 1.8 or on any dips - and wait for the JV to be anounced.

Good Assay results could see DL's Darlot West mirror De grey's Hemi discovery (within the Milima project) in 2019 - the Hemi discovery was between 50 & 70 km2 of mineralsied footprint - I think DW is about 50km2. With, De grey, the SP went from 0.07 pre drilling to 1.35 post drilling (a 30+bagger). Could CDL replicate that rise.

But lets hope we get positive RNS soil results for DW - we should find out either way within the next week or so. 🤞🤞🤞🤞🤞

Patterson (the soon to be Mammouth Energy acquired project) could also potentially have the same projectory as GGP which was around the same time as De Grey's rise to fame. So why on earth are we still at at a £15m market

cap. 🤔🤔🤔