Member Info for EyeGuy

type. Raising at the bottom.
Its simple really. The trading arm by itself is not profitable at the corporate level.
The new model means they essentially produce and trade gold without the risk of exploration or costs on building large scale mines. Great idea. And should be a great few months imo
dyor

margins move 8-10 fold with reverse integration. We should all do well here. The SP is a reflection of raising the bottom with associated warrants to pay off the death spiral finance PLUS delay in Honduras license.
This SP does not reflect the fundamentals and progress made

IMO DYOR

should be good. high hopes here. dyor

loving the action here. brilliant

21% up. Not a lot holding this back imo.

plants up and running as per the video. Gold being produced. Bull run to 0.30p now imo

ask 0.15p now. looking great

Lovely lovely. For anyone worried about production from Honduras - feast your eyes on this video.
Looks like a very impressive set up to me and you can see the gold being produced.

https://m.youtube.com/watch?v=h7NpsJ8eLn0

have to see what happens. But I held this when it was well over a £10 mill mcap and fundamentally it was not as good then as it is now

This could well be 1p over next year. To summarise where this company has gone wrong if anyone is unsure. Blacksand FZE is the gold trading arm of wishbone. They trade gold through Dubai for a margins. Dubai trading license from my understanding is like rocking horse shit. They are lucky to have it. Downside is it is not profitable at plc level as margins have been squeezed from 2% to 1%.
Now what wsbn are doing is equipping artisanal miners with government backing to increase output and allow government to claim taxes. Everyone wins the recoveries without the equipment are poor.
So wsbn make now 10x the margin. They basically buy the gold and trade it through Dubai with margins now increasing 10 fold. This strategy is the start of 7 or so similar operations planned. Revenues over next year predicted to quadruple and then go up circa 10 fold by following year (aligns figures)
Downside here has been the delay in the license which wasn’t wishbones fault. They had a death spiral finance deal which ended 3 months ago. The downward pressure on the sp has been from the placing at 0.10p with warrants.
I have counted circa 200 million warrants out of the 280 million issued.
But more sells since last conversion notice. So I think the re rate will be quick and sustained.
First target 0.30p for me but with other sites opening could well be up towards 1p again.
Easy money from here imo. Sit back and relax is what I’m doing
Dyor

In mind confirmation that this model works could well mean a rerate in time to well over 1p per share.
They are rolling this out in Asia and Africa to a further 7 sites from
Memory. Could easily be The hot stock of the next few months.
Dyor
http://www.alignresearch.co.uk/cpt-company/wishbone-gold/

Yep. Going to be a good few weeks I think. First shipments this month. So likely the actual numbers are not going to be spectacular because it’s the first shipment. But what we want to see is that gold has been produced, they are increasing production, they have the supply chain and shipping done with no hiccups and they have increased their margins. That will be a huge deal to wsbn.
From align research :
Each off-take agreement is assumed to have a ten-year life.
Margins for the traditional gold trading business have been under pressure. Going forward, we have assumed a flat constant margin of just under 1%, which reflects the current margin. For the offtake agreements, the margin could conceivably be as high as 20 - 30%, but to remain conservative we have assumed an average of just 15%.

just a matter of time imo. Plant is operational and they are producing. we know margins move to 8-10 fold. and we know they already have revenues of $8 million annuallt without Honduras.
cheap share sale nearly over imo

great article. happy with loading up here.

this has been over £10 mill mcap on much less. Revenues should be substantially higher right now and this is still sat at all time lows. it has to be going up providing operationally all ok

it should be much higher anyway. margins from Honduras possibly 10 fold that of trading.
news will get around quickly and strong rerate is coming imo
bargain down here

that isn't quite right because the warrants are nearly done and likely a lot were presold anyway. don't believe for a minute that these are not flipped. it should be a very good rise now imo. rns due based on expectations of shipping from Honduras. this could well be trading 0.3p-0.5p by summer.

my neck out and say this will be 0.3p by this time next month. and no one seems interested. I am. Sitting back now. locked and loaded here. 1p possible this year

warrants nearly done. conversion notices for 200 million and there are only 280 million at 0.10p.
literally any time now and it should take off.
dyor

From align:

Margins for the traditional gold trading business have been under pressure. Going forward, we have assumed a flat constant margin of just under 1%, which reflects the current margin. For the offtake agreements, the margin could conceivably be as high as 20 - 30%, but to remain conservative we have assumed an average of just 15%.