Member Info for ChartaRex

Talking of fools, I wonder if the Directors & Managers at Wood, that were responsible for submitting false reports to get their annual bonuses, will be held to account & made to pay all the money back?

If not, why not? And if they've committed fraud, why aren't the police involved?

Sungam,

Well, I've tried to warn them over on WSBN, to no avail. Greed blinds them. I invested a small amount over at WSBn over 5 years ago - still 80% underwater. I believed the Chairman - Poulden - but quickly came to realise what a spiv conman he really is. To make matters worse, he's now teamed up with Dave Lenigas!!

If I get to breakeven I'll be selling up and putting it in here.

Reading this board right now, full of gullible newbies, with delusions of gold & riches, is exactly what Poulden & Lenigas wants to see.

You have to understand one thing; Wishbone is Poulden's lifestyle company, it pays his obscenely excessive salary of $200,000 - that's it. That's the story.

Richard Poulden's been in charge, as Chairman, since day ONE in 2012. He's made numerous false promises, he's lied, he's released pictures of cores showing what looks like gold running through them (it isn't, and he knew that), he produces pretty powerpoint presentations with pretty pictures and words like "similar to Havieron", "Havieron lookalike", "13km from Havieron", "could be gold" and all the other teasers to get mug punters to invest in his neverending ponzi. He's been doing it for YEARS. He NEVER drills, why? Because he's running WSBN from his house in Dubai. We have zero staff in Australia!! He subcontracts out little bits of work - just enough to put together another fanciful PP presentation for the mug punters that hold this POS. Then he fundraises, annually, to get his salary.

He's massively diluted WSBN twice, both times up to over TWO & a half BILLION shares. He consolidated them a couple of years ago on a 100:1 basis, and has now just diluted WSBN again, back up to TWO & a half BILLION shares. Shareholders have lost 99.87% of their initial investment, with nothing to show for it in over 14 years. He's NEVER mined a single ounce of gold...

Meanwhile, Poulden's been coining it in - $200K x 14 years = $2.8 MILLION in salary over that period. In addition to his obscene salary, he's been charging WSBN 'consultancy fees' for his advice!! I mean, who's ever heard of the Chairman charging his own company 'consultancy fees'? Take about having your cake and eat it!! He also has a Board of 4 or 5 mates, again all well renumerated for doing what? I don't know...!!

Only 6 months ago, with gold at all time highs, he declared WSBN wasn't viable - check out the RNS!!! He was going to pivot into renewables with another dodgy bloke called Moore. That fell through, and now all of a sudden, we're viable again! How does THAT work?

To top it off, he's now employed David Lenigas!! ANYONE who's invested for any length of time in small caps knows his name & reputation.......

I have a holding here, it's well under water. I wish I'd never invested, but you live and learn - not all Chairmen are honest, and some, like Poulden, are downright criminal.

What I'm saying is - don't bet the farm on this one - if you must, then at best a few quid that you're prepared to lose completely on a mugs bet. Buyer beware.

Before you all start moaning, whineing and abusing my post, do yourself a favour, read the RNS's going back the last 5 or 6 years and you'll see exactly what I'm saying. It's all there, in Poulden's own words, not mine. Also check out Google finance and put in the "max" chart timeline. Down 99.87%.

Good luck all,

With the spiv conman Poulden in charge, it's less of a "Tier 1" and more "full of tears"....

Guess time will tell. Let's just hope he doesn't string this out for years. He has form, bad form....

Fair enough mate. It's not for everyone, but just thought I'd try to make your money go further for you. No-one likes losing money, so your caution is perfectly understandable.

For the record, I've got both RIO & SVML. I've only put a few k into SVML in the hope of a takeover & a quick profit, but if it fails then I'll live with it.

Good luck anyway, here's hoping RIO hits new heights! 😁

Oh goody, then maybe I'll get my money back. I just need a 10 bagger from here...

If we do hit something at RS, expect Poulden to sell out. He's not a miner, he's a serial spiv & conman. He knows zero about mining, but can make a pretty powerpoint presentation filled with gobbledegook..

Let's just hope it's a sellout for a decent amount - and that he gives us more than the crumbs.....

Stock shortage? Seriously?

That conning spiv Poulden's just issued over a BILLION new shares recently.

That's halved the value of everyone's holdings - again 😒

I wish this would hurry up and fall back to a realistic level. I want to buy.

Fromage,

How would you like to buy between £3K-£5k of RIO shares for £1K?

It's easy. Stick a grand into SVML now and wait for RIO to buy them out within a year. Then put it all into RIO shares.

RIO own ~20% of SVML and are waiting for the DFS at the end of the year. Go check it out...

Nm*

*No Message

I'm up over 5,000% right now. I'm rich I tell ya, rich!!

Lol!🤣🤣🤣🤣🤣

I'll maybe check in later this morning to see if it's been fixed.

Found it. Taken from Midas:

"Rio Tinto is one of the largest mining companies in the world, valued on the stock market at more than £70 billion.

As a giant of the industry, it can pick and choose who to do business with, and last summer it chose Sovereign Metals, an Aim-listed junior, focused on titanium and graphite in Malawi.

Starting out with a 15 per cent stake in the business, Rio has built up its holding to 18.5 per cent, provided in-depth technical support and invested in a study to see whether the mine is feasible. The signs are good so far.

Sovereign’s mine, Kasiya, covers around 75 square miles, roughly the size of Stoke-on-Trent.

The site is home to the world’s largest known deposit of rutile, an oxide mineral composed of titanium dioxide, and the second largest graphite resource.

Rutile can be processed to create high-grade titanium dioxide, while graphite plays a key role in steel production and is a central component of lithium-ion batteries used for electric vehicles and energy storage.

China dominates the graphite industry, so much so that President Trump has threatened top Chinese operators with tariffs of more than 700 per cent!

Sovereign could change the dynamics of this market.

Backed by Rio Tinto, it intends to become the lowest-cost graphite producer in the world, beating China at its own game by delivering a mineral that is top quality, reasonably priced and produced with green credentials.

Chairman Ben Stoikovich has already completed extensive, practical studies on his mine, aided by Rio Tinto.

By the end of this year he hopes to publish a definitive report assessing Kasiya’s economic viability. Once the report is done, Rio has six months to decide whether to continue with the partnership, mount a full-blown bid for Sovereign or walk away.

Supporters are confident that Sovereign will deliver a world-class mine, come what may.

The shares have had a roller-coaster ride in recent months, soaring to 48p before Stoikovich embarked on a £20 million fund-raise in March by issuing shares at a 13 per cent discount.

Today the stock is 32p but should recover over the months ahead.

Titanium and graphite are on critical mineral lists around the world, and Rio Tinto’s investment suggests that Sovereign’s mine is a good ’un."

That all sounds good for us shareholders, personally I can't see RIO getting Sovereign for less than £1Billion. That's a 5 bagger from here. Hopefully by this time next year we'll know :)

What are the saying?

What a beautifully balanced post Pilgrim. I think we can all agree with that :)

Hi MrY,

I cant remember the MCap at GGP, but the SP hit 38p. Check out my posts from about 5 years ago on GGP. I said at the time it was way overvalued, but that it was investable at a lower sp - I even laid out my calculations for all to see, but still a lot of them were in complete denial. I said it was worth about 20p fully valued at the time - and that's if they took all the gold out & sold it day one! (they had 30% ownership then). In other words, it was worth buttons at the time. They wouldn't believe me and so I watched over the years as the sp drifted lower and lower until finally hitting 6p. I bought along the way & hold a very decent amount, but never paid the 38p. My highest price was 20p (based on continued drilling) and my lowest was 5.8p.

Hopefully history will repeat itself here, but i couldn't stay in at the current sp, so I've banked it. I'll wait for the significant retrace & see what plans SB has to develop Pitfield.

Thank you. I think there's a great story here, so I've put it back on my watchlist for now. If SB can find a path to monetize Pitfield I'll be back in for the long term, as it fits the profile of what I'm looking for in these small cap miners.

I've also got a chunk of GGP & SVML. GGP have a 20+ year mine, with more still to come (incl. a huge tunsten deposit) and SVML have a 25+ year mine, but will probably get taken out at multiples of the current sp by RIO. I put some of the profits into lower risk funds & reap the divis.

Happy investing & good luck Dusty :)

Thanks Dusty, though I don't know why you like me - most people hate it when I point out the obvious..

Agree. This has got waaaay ahead of sanity. I've sold out for a monster profit.

It's current valued at 25x cash in bank.

"Empire is in a strong financial position following two successful funding rounds in 2024, and a further raise in 2025, providing us with a current cash position of approximately £7 million. This support from the market not only validates our strategy but ensures we are well funded for our ongoing programmes, from resource definition to additional metallurgical testing as we move closer to commercialisation."

We still need to prove everything up, get a JORC, testing , build a plant, etc, etc. That's gonna take tons of money.

Greatland did the same - all the way up to 38p on nothing, all the way back to 4.8p on reality, then a huge fundraise to dilute shareholders, and now it's finally motoring ahead.

Not what most on here want to hear, but a profit ain't a profit till you bank it :)

I'll be back when it drops to a realistic level.

This is ridiculous!!!

By keeping the shares in suspension, the Board are blocking any potential counter-bidder from building a stake. They're effectively tying us into Sidara's low-ball opportunistic offer.

Plenty of companies receive take over offers, but they don't suspend the shares for months & months :(

LIFT THE SUSPENSION NOW!!!

I see the jokers are out today 😂😂😂😁

I'm basing my number on the current mid price & a 30% discount, as per the last one:

● The Issue Price for the new Ordinary Shares is 4.8 pence per new Ordinary Share, representing a discount of approximately 30 per cent to the closing mid-price of the Company's existing Ordinary Shares on 6 September 2024 (the Company's shares were suspended on 9 September 2024);

History may not repeat, but it rhymes... 😊