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and for me, a 16% rise into possibly a small overhang is about as bullish as it gets

I don't think Mr winnifrith explained the warrants that well. likely those in the placing have already flipped and that's the stock done. The warrants likely will be presold and then converted after. I doubt folk will be selling their shares to purchase warrants. Rather warrants flipped. Hard to call when a flipper flips warrants because after all its free money. Im guessing that those that made a bit on the placing will keep the warrants for a bit longer. Certainly supply seems tighter and can see a 0.30p before long. may take a decent rns to get that possibly.
But I would expect news on new projects plus Honduras performance soon.

WSBN for me is a perfect stock at the perfect time.
In terms of shares and funding- the SP for me is a bit artificial - ie more down to the Riverfort finance deal, placing and warrants rather than fundamentals. The loose stock will clear. look at INFA for an example. Their placing was at 0.24p with warrants at 0.48 and 0.6p. When munched through on the back of good news the SP reacts positively.
Perfect timing for me is the gold price and what it means for:
1. AIM investors wanting to add a gold stock
2. The reverse integration strategy. Governments will be aware that they wish to extract value from their untapped resources.

WSBN's margins will be going from 1% from just trading to 8-10% or higher with the reverse integration.

There doesn't seem to be a lot of mining risk as the deposits are already being mined with crude techniques. The plant just adds to the processing speed and recovery, with WSBN benefitting from both and also taking a cut from the gold trading.
And as gold becomes more popular and passes through Dubai, this will also increase the profit blacksands will make with a rising gold price.

target for a slice 0.30-0.35 but should be going higher still imo
dyor

A great day and despite some fairly hefty sells - likely placing overhang or warrants it still goes up 16%. Think what will happen when the cheap share sale is over and mms are bidding market price and no overhang.
Think we will be seeing double this over next month or so Imo
dyor

its gonna pop soon I think. cant be much holding this back.

5th on risers board now.

not much left in the 14's. full steam ahead by the looks

I always say dyor but Ive locked and loaded here sub 0.10p. and added some more in the 13's too. I think this will double pretty quickly from here based on the margins coming out of Honduras and gold flying and being more popular.
happy to hold until much fairer value.
this had an mcap over £10 million previously on far far less

breaking out now. I did think on Honduras news 0.30p-0.50p was nailed on. This was blunted by the placing and resulting overhang but now its clearing my first slice target is 0.30-0.35p.
Align have a target of over 0.50p for starters
dyor

Align have revenues estimated at $34.10 million for 2019, and more than double for 2020. Current revenues just over $8 million but margins are 8-10 x higher with this reverse integration compared to just trading gold.
Hope that helps
http://www.alignresearch.co.uk/wp-content/uploads/2018/11/Wishbone_Gold_Align_Update_Nov_2018.pdf
above revenues are estimates so dyor

looks good with the gold price going up and margins higher now Honduras is up and running.

almost 14's to sell. going up ;-)

tradedesk- check out aligns note and expected revenues and margins from reverse integration. its going to be a great year here imo. bit of a no brainer for me to buy against what little stock is left which I have been doing. imo

0.15 ask now. Could well go on a bull run boys and girls

Looking good. I did think when the overhang has gone 0.3-0.4p will
Come pretty sharpish

just added. spread come down. It should move imo

Garyn- fair enough but if you look at Powerchinas delivery in Bangladesh - they have a very impressive record of completion. They even have an office in Bangladesh and GCM's project should be the biggest of the lot.
So the needs for working capital should be dwarfed by the potential outcome here

sharebel?? not sure what that means. Im bullish and am many many thousands up here from 13.7p entry.
I am well researched thanks. I know all about powerchina

Blue- whoopee

Hi Garyn- agree that best stick to the RNS and not some mates Dad info.
Happy holding here. I know you are not a fan but this could be one of AIMs biggest projects- similar to SXX.
The risk is delivering of course. Chance you take.