The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
Today is the 42nd day since RP said: "we expect assay results from Red Setter WITHIN 4-6 weeks".
By my reckoning that's the full 6 weeks up now.
Where are the results? He MUST have them in his office by now. He KNOWS the results. Why hasn't he released them yet?
This doesn't look good.......... :(
I'd be happy to be proved wrong, obviously.
Richard Poulden, Wishbone Gold's Chairman, commented:
"This is a very exciting new opportunity for Wishbone".
I've yet to see the benefit of our current "opportunity" :(
Looks like he's bought another "carrot" for PI's to swallow next year.
Red Setter assay results should be tomorrow. That's exactly 6 weeks. He must have them in his office by now. Foes not look good, if it were, he'd be quick to pump it up.
Oh dear :(
I took the plunge and just bought five hundred quids worth.
I figure we've got 2 bites at the cherry & RP holds sway over 20% of the company. I guess he has plenty skin in the game and will try to make a success of it. We shall see soon enough.
Obviously if I end up in the paupers prison I'll blame Watcher :)
(only kiddin' mate)
Good luck all
Love your enthusiasm Watcher! :)
I'm going to liquidate my entire portfolio and put it all into Wishbone..................................... said no-one, ever :)
Seriously though, you may be right. Ride it on the way up and then bail out (unless it's another Telfer of course!
If it was another Telfer, we'd be shooting to the moon, but a bad result would sink us to sub 1p.
I'll maybe just top up a few hundred quid rather than throw a large chunk in. At least that way my losses will be "palatable", and my gains would be satisfactory.
As we're getting 2 rolls of the dice I think it's possibly worth the punt.
Red Setter assay results should be due between 9th & 23rd of November. Today is the 17th & the share price hasn't budged. I'm not sure if that's an ominous sign or not. You'd expect a rise in anticipation of the results, yes? Or maybe security is so tight, nobody at WSBN knows yet?
I've just thrown some money into my ISA & nearly bought more to bring my average down, but I just can't bring myself to push the button. If there was a steady trickle of buys that would give me confidence, but there isn't.
What the hell do you do? :(
The Hav update for September Quarter came out on 17th Oct. Logically that means an MRE update may not happen until mid January 2024.
However he said "December Quarter" so that could mean early or mid December. Highly unlikely to be any later as things slow down for Xmas.
In summary, who knows? Not me, that's for sure :)
Fair enough, they're not likely to drill until late next year anyway. Worth making a note of I think.
I know what you mean about Afentra, I've been steadily increasing my holding over the last few months.
What was the score with Rockrose? Was it a multi-bagger or something? 'Fraid I don't know the history.
Hey Duster, if you're into small oilers pop over to Eco Atlantic and have a look. It's early stage, but they've got some of the best acreage offshore Guyana, Namibia & S. Africa (they were early movers into the area). RNS this morning taking over 60% of Tullow block and started farm out process to drill next year.
I've got a small stake in it & I think it's maybe worth a punt. I've highlighted bits of the RNS on the ECO BB.
Let me know what you think?
PS. I'm not ramping it, you pays your money, you take your chance! :)
Taken from the RNS. Just read the bits I put in capital letters.
Colin Kinley, Co-founder and Chief Operating Officer of Eco Atlantic, commented:
"We are very happy to have support from the Minister of Natural Resources and the Government of Guyana and their approval to transfer 60% of the Working Interest and Operatorship of the Orinduik Block to Eco. We have always been very involved with the exploration and interpretation of the Block, and our experienced team will step directly into Operatorship TO FINALIZE TARGET SELECTION.
"After nearly 10 years of exploration and interpretation, and multiple regional discoveries at the Cretaceous level of close to 11 Billion Barrels of recoverable oil, our team has a good understanding of the Cretaceous play and we have A GREAT DEAL OF CONFIDENCE IN DRILLING OUR FIRST WELL, TARGETING A STACKED PAY TARGET in this well proven horizon. This Transaction structure allows Tullow to continue to share upside in a discovery.
"ECO NOW SEEKS QUALIFIED PARTNERS in this high-value play AND HAS COMMENCED A FORMAL FARM-OUT PROCESS FOR THE BLOCK. Recent interest from supermajors and other well capitalized energy companies in the latest licencing bid round in Guyana, for blocks up dip of us, SUPPORTS OUR THESIS OF the oil migration and the HIGH QUALITY AND CHARGED RESERVOIRS WE SEE ON OUR BLOCK."
Reverse takeovers
14. A reverse takeover is any acquisition or acquisitions in a twelve month period which for an
AIM company would:
— exceed 100% in any of the class tests; or
— result in a fundamental change in its business, board or voting control; or
— in the case of an investing company, depart materially from its investing policy
(as stated in its admission document or approved by shareholders in accordance
with these rules).
Any agreement which would effect a reverse takeover must be:
— conditional on the consent of its shareholders being given in general meeting;
— notified without delay disclosing the information specified by Schedule Four and
insofar as it is with a related party, the additional information required by rule 13;
and
— accompanied by the publication of an admission document in respect of the
proposed enlarged entity and convening the general meeting.
Where shareholder approval is given for the reverse takeover, trading in the AIM
securities of the AIM company will be cancelled. If the enlarged entity seeks
admission, it must make an application in the same manner as any other applicant
applying for admission of its securities for the first time.
Afentra have EIGHTEEN MONTHS of oil sold & cash in the bank & has already INCREASED our reserves to replace the oil sold by 150%!!!!!
We've increased our stake in the field & increased the recovery rate to over 6000bpd!!!
Within DAYS/WEEKS we'll have the deal signed, sealed & delivered.
We have long term debt facilities at favourable rates.
We have free cash coming in for the next SEVENTEEN years and beyond!
But the cherry on the cake? The icing? The creme de la creme..........?
We have TerryMC/JAdams absolutely brickin' it 'cos his shorts are melting all around him!
Oh, happy days! What's not to like?!!