Member Info for Dibs61

23p broken?

Apologies if this has been posted before but ShareTalk interview with Wishbone boss Richard Poulden on 6th October after the announcement of the Havieron/Telfer area licence options:

Quote: “It’s hard to get geological consultants excited but our lot are...”

https://www.share-talk.com/richard-poulden-executive-chairman-wishbone-gold-plc-wsbn-l-interview/#gs.ivpr3h

Back up to $1,914 from yesterday’s slam down to under $1,900.

They are trying to artificially support the US$ by hitting gold. It won’t work anymore.

Sooner or later even the most reluctant are going to have to accept that companies like AAZ are stupid cheap with the strong cash generation they produce.

I just read the words ‘India’ and ‘court case’ in the same statement. NOTHING and I mean NOTHING happens quickly in India. In fact things move slower than a snails pace so forget any idea something will happen in India.

@ 117.625

Thanks very much

Looks like nice support around 7p. Hopefully this forms a new base.

I’m in AAZ and have leant about the potential here. The JV, if confirmed would be completely transformational for Conroy no question. Is there any reason to doubt it will happen? AAZ have stated they are completing due diligence.

Definitely interested.

I’m sure some would say this is a healthy pullback/correction, which is necessary. I wouldn’t disagree but whatever. This is an exciting exploration play in the most sought after gold region in Australia.

As I’ve said before if they get just a sniff of gold, on an £8m MC this will take off.

Trek,

SNG stock tends to be very tightly held by investors. Not a trading stock. SP currently held back by the recent placing.

To think that in just a few small weeks this tiny company will begin chucking off cash and self financing. Future mine expansion can be expected, then Cononish 2,3, etc

Not to mention the mind boggling exploration potential over their huge acreage. So many positives here.

Very exciting future ahead as this company and its resource will just grow an grow against the backdrop of a gold bull market.

If that isn’t The Holy Grail I don’t know what is.

Pondering - whilst I would not describe my thoughts as ‘expert’ I do have my own methods to try to come to valuations (where possible). In this case I have been looking at other mineral sands companies. Image Resources is one such example I have found. In summary and very rough description, They have an operating open pit mine, profitable - decent margins, a larger resource than CML but definitely smaller grades. Current MC £113m.

My feeling is that at this stage of development for CML, with their resource and given its high grade - which is very positive - circa £20MC is fair value, certainly not expensive. We can assume the valuation will be accretive as they move along the development cycle. Also they are very likely to increase their resource through additional exploration - possibly substantially.

So I think CML looks likely to be a decent investment with say, a 1-2 year outlook. To add to the attraction we look to be entering a commodities bull market.

Yes Major and they were happy to pay 0.4p above the prevailing ask at the time.

Cobra have prepared thoroughly for this drilling programme identifying pathfinder elements to pinpoint drilling targets allowing for best chance of success.

JAS - yes and not only that but they are likely to give their first indications of potential prospectivity and mineralisation, when not if, they confirm options have been taken.

I have checked the WSB Option Licence areas and they are tantalisingly close to existing prospects in neighbouring licence areas mainly held by none other than Newcrest.

I will post more on this later or tomorrow.

Yes, that is a significant buy indeed. Equalling 1.6% of the company in one transaction!

Wonder who it was? Might or might not trigger a TR1 dependent on how much they hold already.

It won’t be 50p. But I think the consideration for the deal in purchasing Capital Metal shares is the key to the valuation is it not? The deal is for just short of £16m.

The 20:1 consolidation is a by the by, a technical change in the share structure. The deal is the key to the valuation.

Daltp98 - substantially higher than 0.75p ;)

Well look, this is exactly why I have put some money here. Looks a pretty decent deal to me. Surprised by the muted rather negative reaction.

RNS states this should be back ‘on or before December 2020’. It looks like the deal is done. Consideration for the deal is just under £16m. PAL MC is currently £3m.

https://www.investegate.co.uk/equatorial-palm-oil--pal-/rns/proposed-rto-transaction---suspension-of-trading/202010210700037613C/

This is a good idea. RM require some innovation to make the parcel and mail service generate more revenue and this is a good move. Making the service more convenient for customers rather than them having to go to the Post Office and queue up must be an attractive option for just 72p.

I will be taking up my full entitlement in the OO. Also intend to request for additional shares, it’s worth a try ;)

Feels like the calm before the storm here atm.

This video is David Lenigas talking about GGP, Havieron, Telfer etc.

It makes fascinating viewing for anyone invested in, or interested in investing in WSBN. David stresses that no one yet knows just how big Havieron is or how far it extends but it is a Monster discovery and our new tenements are only 15-25km away.

https://youtu.be/zA8uMZqAuKY

The other interesting and pertinent point Lenigas makes is that Havieron and the huge SP rise it has given at GGP has changed the whole dynamics of the London Junior (or Micro) gold explorers market. He points out most of the near billion market valuation of GGP has been driven not by institutional but RETAIL investors. Sooner or later those vast retail gains at GGP are going to begin to filter into other junior gold stocks as institutional investors will likely begin to buy into Greatland. People will be asking where is the next Havieron?