Member Info for EyeGuy

Agree with that. My best performing stock this year is INFA. They placed at 0.24 and had warrants attached. As the SP has moved warrants fire to give more working capital. I’ve 3 bagged there yet so many people moaned after the placing and probably most have sold out.
SP is a future event and sometimes it is hard to disassociate from the SP. that’s why folks are more likely to buy when the sp is high- rather than buy low and sell high.
A lot of people are dubious of RP with good reasons with what has happened here and on PCGE. But at least he has the balls to say the Riverfort deal was a death spiral and he’s come out of it. It isn’t true that he likes doing placings. But it is true that companies need money to survive so until the business is self sustainable that’s just how it is.

We know that gold production, revenue and margins will be much higher now Honduras is operational and that should only mean one thing for a £2.5 mill mcap company - particularly in an environment where gold is likely to rise and become more popular in PF’s.
Target remains 0.3p for a slice. I think the placing will be cleared within 3 or 4 sessions then it’s blue skies.

Worth a read from the align Note. Bear in mind mcap and now 8-10 fold margins compared to just the gold trading

Production costs are deemed to be probably less than US$400 per ounce at 5t/hour. So, after paying additional costs such as fees to the landowner, with gold at US$1,200/oz it is not inconceivable that the company and its joint venture partner could be sharing 20-30% margins of US$240 – 360/oz. The end result is that the company could conceivably receive something like US$250,000 per month, which would be transformational for lowly capped Wishbone. But this just marks the beginning of a much larger story.
In all, US$250,000 worth of equipment has been installed at the site in Honduras, with a 10- year deal in place. The equipment was funded by and belongs to Wishbone. The set up consist of a 5t/hr ball mill, a 10t/hr jaw crusher concentrator and a 10t/hr concentrator. So, there is the scope to double the capacity of the plant to 10t/hr simply by adding an additional ball mill. The terms of the deal include Wishbone receiving 80% of profits until the capex is paid off.

trading well. placing should be cleared in next few sessions I reckon.

I added too just over 0.10. Ave still under 0.1. In confident of a 3 bag

agree with that. I want gold exposure and this to me looks like a good bet. Early gold exploration has huge costs attached. Here because of the gold trading and margins they should be making a good amount of cash- particularly in relation to this mcap. Im holding tbh but I don't actually care what anyone else does. Ill make good money here regardless of what anyone posts

yep and WSBN sweep up that sector as they take the cut from production and trading for limited outlay

And for balance im not a massive fan of RP or align but all this nonsense of RP loves placings is unresearched nonsense. RP has put over £1 million in.
The Riverfort deal was a disaster. As was the delay in the Honduras permit.
But fundamentally the company is now stronger than when it was over £10 million.
Only difference is turner pope flippers are suppressing the SP. but does that mean it’s a bad entry?
Not for me

Hi bonker. They should do very well with higher prices from the production side and trading arm (Blacksand FZE)
Ignore the noise on here pal. Added today.
Reverse integration margins are 8-10 x the trading margins so the license is a game changer.

yep. holding. fundamentals good. a lot of posts on here are nonsense tbh.
license was the news which we have been waiting for. the placing wasn't the news we wanted but when production is coming form Honduras should make a massive difference to the SP.
we will see. a lot on here talking this down are obviously hammering the buy button. same old LSE cesspit

looking good

next year even, last year over £8 mill

mcap just over £2 mill with what could be £35 million revenue last year

Skier- you are the lse king of misleading posts.
RP placed previously to pay off the Riverfort death spiral. Even RP called it a death spiral and a bad deal.
That is now done and dusted. I’m not a huge RP fan but I’m not going to mislead to try and get a cheaper entry.
Fundamentals speak for themselves. I read an idiotic post on twitter last night from a ukog lover bashing wsbn.
Wsbn have 40x the revenue of ukog and 1/30th of the mcap.
Idiots

Looks good to me. Just need the finance news now

Kums- fair enough pal but the trading margins of 1% mean that the trading arm is not profitable.
Honduras unlocks 8-10% and a lot of money coming in.
We will see but I’m happy with my shares at circa 0.09. Should have sold and rebought if I had my crystal ball but the fear of a placing has now gone. Don’t be surprised for a blue finish today .
Gla

Dv- it’s only £300k pal. Fundamentally the Honduras plant unlocks 8-10% margin and vastly increased revenues.
The placing will be chewed up in no time. I don’t think anyone can say RP likes to do placings as such. He has put in over £1 million of his own money here. Cash position was probably tight after paying off Riverfort. But I have no intention of selling based on the money that will be coming in and I certainly will be adding here
Gla

Cheers- what a sad individual.
Idiot

Buildanestegg- can you give me a link to my twitter imposter.
I’m @eyeguy_one

I thought RP would wait for warrant strikes tbh.
But fundamentally it’s undervalued and I’ll take some more today

Well that’s probably the sell then and its almost done anyway. Now it’s out of the way we can move on.
Doesn’t bother me as it’s undervalued regardless
Gla