Member Info for ChartaRex

I've been stuck in WSBN longer than I care to remember.

During that time I've seen our so-called "Chairman" Richard Poulden lie about 2kg golden nuggets lying on the ground, make claims about "similar to Telfer or Havieron", dilute shareholders to infinity with endless fundraises, then consolidate the shares, and then dilute them to infinity again. I've seen him tell investors that Wishbone isn't viable while gold was at over $4000/oz and he'd be closing us down and re-investing in some 'new energy' venture (only to change his mind a month later when the other guy pulled out) and then suddenly decide that Wishbone IS investable after all (translation: he needed to keep the gravy train going for himself). All the while, he sits at home in DUBAI and produces fanciful presentations full of gobbledegook and "jam tomorrow" bs while picking up an annual salary of $200,000, and then, as CHAIRMAN of our comapny, charges investors "consultancy fees" for the work we pay him to do..!

To top it all off, he's NEVER mined a SINGLE OUNCE of gold across our entire Australian tenements in all these years. The cherry on the cake? He's now employed Lenigas, the most notorious spiv in the AIM markets, known to all small private investors, as a "consultant".

And now Poulden's consolidating the shares, so he can dilute you all again next year. Enough is enough..!

NOW IS THE TIME TO SORT THIS OUT.

VOTE "NO" TO HIS RE-ELECTION AT THE AGM.

Kick the conning spiv off the gravy train.

If you want the shares to trade, may I suggest overwhelming the FCA with email requests. It would appear the civil servants at the FCA are too plain bone idle to care about small investors. They're probably all 'woking' from home...

Just a thought.

Ok, In the June Quarterly Report under "Next Steps" it says the DFS will be done by Q4 2025. In the September report under "Next Steps" it's been slated for sometime in Q1 2026.

So there's going to be a delay in publishing the DFS. I think that should've been communicated to shareholders in a clear and unambiguous way.

No matter, it makes my next investment decision so much easier now. Svml on the backburner until Dec 25 for me.

BodRuncie,

That's exactly my point. Prior to today's RNS I was under the impression that the DFS was due in Q4 2025.

So when did it slip? This is the first I've heard about it.

When did the DFS slip back to Q1 2026?

I must have missed that...

Wot? My Plan B from yesterday?

I'm famous, famous I tell ya!

🤣🤣🤣🤣😘

I also think we'll be trading no later than Friday morning.

But then again what do I know, I thought Wood was a good investment..!

Without a Plan B it's 30p - probably next year for those prepared to wait.

The only realistic alternative I think possible would be for Private Equity to take over. Private equity are awash with cash & have the necessary experience to sell off & strip out non core activities, drive efficiencies and hammer down on costs. With the demise of Petrofac, it may be a golden opportunity for PE to snap both up, take them private, consolidate them, and then re-float in a couple of years as a massive Oil Services business.

Will it happen? Who knows, but I'm sure Patient Capital will be looking at options, even if it's only a cursory glance.

Just my thoughts.

UserSteve,

Please read my 13:05 post for the explanation.

Sorry, last TEN words.

Like I said, the devil's in the detail....🤣🤣🤣🤣

UserSteve,

To answer your question:

"Each of the multiple lots within the 20,000 home programme will be contracted and funded individually, with 50% deposits lodged directly with Eco at the commencement of each lot. This structure provides payment security, predictable cash flows, and minimal working-capital exposure over the seven-year programme."

Note the last 12 words in that statement - the payment includes 'working capital', ie, cost of materials etc.

The devil is in the detail, that's why your numbers aren't making sense to you.

Happy to help :)

Theinvestigator6,

Thank you for acknowledging what I said is correct.

The sp may hit a PE of 10, but if it isn't backed up by hard contracts, then it's overpriced. But I agree, sometimes the PE can get ahead of itself on the anticipation of 'potential' future contracts. If the story's good, then why not? Anyway, I like what I'm seeing here and will jump in when the price settles.

Good luck :)

I'm well aware of other earnings, but Theinvestigator6 is specifically talking about a PE of 10 for the Chile deal. How can you have 10 years of EARNINGS for a contract that'll only last for SEVEN?

Answers on a postcard....

Thank you spike501. 😘

I know ecactly what a PE is, thank you. How can you have a PE for something that doesn't exist?

And how can you have a PE of 10 when the deals only for 7 years, ffs..!!

I've never read such utter drivel in my life. What on earth are you talking about...?!!

"If the deal yields £40–50m in annual profit....."

I've only been researching ECOB since 8am this morning, and even I know they're targetting a GROSS margin of 40%. That's GROSS - then you need to take off alltheir expenses, costs, taxes etc etc .

Deluded beyond belief.

Guys, why don't you try being a bit more proactive? Get onto ECO at Twitter/X and tell them what you think. Put public pressure on them.

We have good acreage, but woefully sleepy management. I've never known farm out deals to take years and tears to complete.

Whatever you do, don't sell if you don't need the money. Our time will come, eventually.

Offmessage, it's in EUROS, and it's for €420 million over 7 years.

So 40% of €420m is €168m and half that is €84m and divide by 7 gives €12m, divided by an exchange rate of circa £/€ 1.15, gives a clear profit of £10.43, which gives a forward PE of 2.7, then add on nothing happening until the factory is built & you have a PE of 3+. Admittedly, this doesn't take into account other projects currently in the pipeline.

All I'm saying is this significant rise is a little bit premature in my opinion. I still like the deal & will keep ECOB on my watchlist for now. I just hope I don't press the wrong button and buy more ECO when the time comes, that would be a disaster, lol.

"The business said it will deploy a new manufacturing line in Chile with factory installation planned for the second-quarter of financial 2026."

So, nothing will happen for another year at least.

Additionally, the gross margin ECOB are targetting is 40% (I read that in one of their RNS's this morning). So take that figure and half it (taxes etc). Then divide that by 7 years, that'll give you an idea of where this should be.

ECOB certainly has potential, but I think the current sp is a little bit ahead of itself. I expect a retrace over the coming days/weeks.

Mind you, I could be wrong, even I'm not perfect ( I know, that's hardly believeable..!). 😂😂😂

I'll be jumping in, but just not yet.