Member Info for Dibs61

No BS. This is extremely undervalued now. So much c*ap on AIM but this is a top quality outfit.

I just added 200k more. Takes my conviction holding to 3.2m shares.

I will spell it out - Do your Own Research - and you will discover…

Professor1 - it’s critical in this AIM game to read, assess, and interpret every word in an RNS. This, for example, very important:

“Wishbone continues to work closely with Core Drilling Services and ALS Laboratories in Perth to assess the samples recently collected from holes 1, 2 and 3 at Red Setter and findings will be announced in due course.”

I find this statement extraordinary. I have never ever read a sentence like this before in an RNS. Working closely with the lab to ‘assess’ samples? Hmmmm. Something is CLEARLY not right. Companies routinely send their cores to a lab. The lab tests them and provide assay results. The End. The company does not ‘work closely’ with the lab to ‘assess samples’.

Maybe, and quite possibly, the lab produced results that did not meet with WSBN’s expectations and now they are having to ‘work closely’ to get the result WSBN require ie.try harder to get those grades up a bit.

Something smells wrong. The SP is signalling it. The smart money has and is exiting. The little guy naively thinks he’s getting a bargain now. Tears tomorrow.

The company is not telling us anything. But one thing you can be sure of. IF they had any good news on holes 3/4 they had an opportunity this afternoon to put it in the update. Any company with good news wants to get it out. Conspiracy theories about Poulden wanting the SP down are utter nonsense and self delusion. In their complete ineptness they released this update to try and SUPPORT the SP. It failed and backfired and I suspect the SP will now continue to slide. There is nothing to support it because there was nothing, NOTHING in the RNS that the market didnt already know.

You have to get Poulden out. The only thing he’s any good at is getting sneaky placings away.

Quite frankly it shows they really don’t have a clue to issue an absolutely useless RNS to investors. Actually treating us all as if WE are stupid by REPEATING an RNS from more than TWO years ago!

Talk about scoring an own goal. Talk about shooting yourself in the foot!

Well, predictably it has backfired and the SP has gone DOWN not up as they hoped for or perhaps expected.

I am becoming more satisfied with my decision to exit here (after the second placing) by the day. What a good decision that is proving to be.

What investors need to remember is that Endeavour Mining is a TOP Global Mining producer.

They do not go after or waste their time on small pickings.

They ONLY go after potential multi million oz deposits.

We are firmly in that domain now.

Wow! That was one DESPERATE RNS. Told us absolutely NOTHING new. What was the point? Oh yes, as I said, desperation.

And boy, are they dragging out these drill results huh?

Yes exactly. If AW can pull off a deal like the one with, of all companies, Endeavour Mining, I’m sure he can pull off a smaller, but no less significant JV OR possibly SALE of Verkhuba. We know he looked at it seriously last year and now EST in a stronger position than then.

No scrwal if you check the JV interests map against the location of Snowy it is NOT within the JV. Therefore Snowy remains 100% owned by EST unless of course they JV it separately. And after today’s announcement who would bet against it?

Alex is a willing deal maker🤩

Jimzi

1. Yes

2. Yes

3. Absolutely not No. Verkhuba, Rulikha and Talovskoye are NOT in the JV (all remain 100% EST Assets as does Snowy - Tier 1 Gold prospect).

For a tiny explorer to get a JV with one of the top 10 Gold producers in the world is an extraordinary achievement and speaks to the quality of the CEO and his company’s exploration strategy and success. If you add to this the connection with BHP it is crystal clear that EST is NOT just another AIM explorer. The CEO Alex Walker holds a personal stake of 14% in the company.

He is highly motivated and incentivised with options up to 10p.

The company now has exploration interests right across Kazakhstan which is a mining friendly jurisdiction. It has masses of highly prospective acreage and with Endeavour funding it, the means to exploit it.

IMHO this stock is now by FAR the best gold/copper explorer prospect on AIM.

True red - there is no plan. That is plain to see. No coherent strategy.

The consolidation is not good news. More often than not it leads to an equivalent drop in the SP (UNLESS they come up with something decent). The SP consolidation is nothing new to this stock. How many times before have they consolidated?

Lydd459 - I agree 100% that Harmony would def want to snap up the remaining percentage of the project in the event of a decision to mine. At that stage why would they not? Why would they want to share it with a tiny explorer who, with all due respect, wouldn’t bring that much to the table. Plus, Harmony will only want to do larger projects with multi millions of gold ozs. They’d want the whole 6m+ ozs for sure.

Is it possible a buy out of Lex’s share could follow quite quickly following a decision to mine?

A decision to mine following a positive mining study would be a HUGE outcome for LEX and likely lead to a significant revaluation of the company. One would think we won’t have too long to wait now for an update. Certainly this side of Christmas. Very exciting times!

If the market gets a sniff of real REE potential here at Selta (not to mention Gold too) this won’t stay at this leave long!

I’m betting on 1p.

PR - maybe they will scrape through to next spring but my experience of investing is they always go the market earlier. They are not going to leave it until they are down to the bare bones. Makes no sense. And believe what ANY AIM CEO tells you about placings at your peril!

Hope it works out for you.

Wolfi - could you provide a link please as, if correct, this is significant.

$4182 and rising. In a gold bull market a rising tide lifts all boats. Some of the valuations of these juniors and explorers will be multiples of this level as the sentiment filters down.

This will have to respond eventually no matter the cynicism here. And once the west coast silver drilling updates come rolling in……

The last placing was almost exactly a year ago @ 20p. Wow 20p sounds rather heady now.

This is what they said in the placing announcement:

“ o provide on-going working capital for the Group for at least 12 months following Admission and fund transaction costs.”

There was also talk of funding ‘product development’. Have we seen any subsequent announcements regarding ‘product development’? I think we all know the answer.

So There you have it…. Even if there was talk of ‘extending the runway into q1 2026 they will not do so and wait risking further erosion in the SP through lack of news. If they CAN get it away they will go earlier and I wouldn’t be surprised if it’s sub 5p.