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Listen up Tasty fish,
$10m from trading in 2018.
Another $10m in 2019.
$3.64m in2021.
So where is it?
Because by my reckoning we've got just enough dosh to get us through the end of this year.......
Then what?
That is true No1plasterer, and I would be outta here on the spike. I wouldn't hang around for the inevitable crash.
Hopefully he'll release an RNS saying they've stumbled upon a ready made mine, with a zillion ounces hanging off the walls. I'll still be out at 3.4p :)
So TastySalmon,
After FOURTEEN YEARS of equity raising, dilution, consolidation, more equity raising, more dilution & pictures of "golden nuggets", my question still stands: W H E R E I S T H E G O L D.......?
Poulden is stringing shareholders along - big time!!
He hasn't mined or sold a single ounce of gold. Not one......!!
We have enough cash to last, probably to the end of the year, then what? Will he miraculously build a mine that costs nothing? Out of fresh air? What about equipment? Or Staff? How will he fund ANYTHING? Yet more dilution?
It's always "jam tomorrow" with Poulden. Coupled with a few pictures of random cores and a handful of gold nuggets he borrowed from some bloke down the pub. Seriously, where's the gold?!!!!!
All I want is this to spike to 3.4p and I'm outta here & I know how happy that'll make some of you. Poulden promised the earth and has delivered dirt!
No it isn't :)
There's plenty of good news still to come & plenty more deals as well :)
This is a buy and hold, then buy some more kinda share :)
Taken from a 2020 RNS:
"Capital Reorganisation
The Company's existing issued share capital of 2,845,879,000 Existing Ordinary Shares will be consolidated on the basis of 100 Existing Ordinary Shares into one Consolidated Share, and in turn, each Consolidated Share will be sub-divided into one New Ordinary Share of 0.1 pence and one Deferred Share of 9.9 pence.
The Capital Reorganisation will be undertaken on 20 January 2020 at 6.00pm and application will be made for the New Ordinary Shares to be admitted to trading on AIM at 8.00 am on 21 January 2020.
Total Voting Rights
Following Admission, the Company's enlarged issued voting share capital will comprise 28,458,790 New Ordinary Shares."
So he consolidated from BILLIONS of shares in 2020, down to tens of millions of shares, and now we have over 300million shares in issue!
Issue shares until there's billions of them, then consolidate them , then issue more shares, then rinse & repeat.........!
And Mr & Mrs P get their luxury holiday every year!
And we're paying! :(
I've just trawled through all the RNS's since 2012. Poulden has raised capital or issued shares in one form or another at least ELEVEN times!
I'm sure if I read every single RNS there will be other raises hidden in the depths of them, rather than the headline.
Did any of you know we had/have a gold operation in Honduras? No? Me neither!
I advise everyone to look through the headline title of all the RNS's - starting in 2012. It's all about "potential", "havieron", "gold shows" etc etc etc.
It's a clever use of words - no promises, nothing set in stone - just dreams and hopes.
He's seriously mugging every shareholder off :(
3.4p and I'm out!
And over a quid by the end of the year!
That's my guess :)
Just thought I'd post to get rid of Belle-end's negative subject header :)
Diggit1gold,
Wishbone Gold has been "in business" since 16 July 2012. That's almost FOURTEEN years. Where's the gold?
We're in the most prolific gold fields on the planet. Where's the gold?
We buy more and more land. Where's the gold?
We drill hole after hole after hole. Where's the gold?
This is a lifestyle company for the benefit of Poulden.
His last interview reeks of an elderly man doddering about at a leisurely pace without a care in the world, without urgency.
He couldn't find the gold if he was sat on top of Fort Knox!
He needs to go!!!!!!
Thanks Bruce,
Just watched it. So RP says we can look forward to more drilling, more promises, more talk of golden nuggets etc etc. Absolutely zero new here. Basically more "jam tomorrow".
He's flogging this on Twitter/X ready for another raise, so he can book his next holiday with the missus.
He's getting sod all money from me.
3.4p and I'm out!
MountTeide,
I've just gone back through my transaction history and found my first purchase was in April 2021 at 17p, so I've already trebled my money on the initial holding.
Unfortunately I'm only showing a 40% overall profit as I've been consistently buying on the way up :)
But I'll live with it, such is life! :)
PS. A special "Thanks" to JW Belle-ende for the dosh :)
Bridgedogg,
Whilst helpful in providing background info, I would be cautious about relying on it for 2 good reasons;
1. It's significantly out of date now.
2. It's paid for research by Eco - see the disclaimer at the beginning of the document, page 2 I think.
That said, I think this could be huge if we get a drill date, and explosive with a discovery (or two!).
I'm slowly accumulating a decent holding here.
Hey Rift,
Based on your numbers we're currently valued at ONE YEAR'S profit, with NOTHING added for everything else!!
Lol :)
I'm still buyin' :)