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No way that can be a sell. If it is no idea how they got that price because that would never be filled.
Either way for every buy there has to be a sell. The overhang should be cleared now.
Only going 1 way imo

That’s correct. So revenues will be higher initially anyway

Warrants should take care of it. Still clearing last placing

With the volume today overhang should be pretty much done i reckon.
I’m not trading this as it’s far too cheap imo
Happy holding

Overhang small imo. Good entry this
Gl

Overhang is finite. I’ll be holding. Ave 0.09 for me. Target an easy 0.30p. Revenues far too high for the mcap.
Patience imo. Gla

Lmao. Align have said that plant should bring in $250k per month to wsbn.

Tracing well into a small overhang - likely just about done.
Good times are coming now imo. Folks chasing other stocks but this will do really well imo
Happy holding this

Over 0.16 to sell now. Looks like the stock is running out. Gla

Looking strong

agree with that. Should be going over 1p again next year
Let’s see. Will be a cracking few weeks though imo
Gla

0.30-0.35p first stop imo

The Honduras reverse integration deal provides a good blueprint of the style of future deals and the benefits that negotiating such contracts will bring to the company. Wishbone is seeking to help these artisanal/small-scale miners which currently may only be processing some 0.5t per day of gold ore from a team of ten miners using hammers, with gold recovery rates as low as 50%. With the equipment that the company supplies, 5t per hour of ore can be processed with 80-90% recovery as well as the benefit of not needing to use mercury to capture the gold.
Additional equipment is now being installed on site in Honduras for six months by its JV partner to bring the plant up to full specification. This will provide processing facilities in an area where there is high grade gold of 15-20g/t close to the surface. Moving ahead, the miners can concentrate on mining and leave the processing to Wishbone, which could generate in the order of a couple of kilos of gold a day. There is plenty of demand for the processing facility in Honduras, as it is the only one in the region.
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.

A conservative multiple of 2020 profits suggests over 500% upside
Our initial target is 0.589p, but discounting forecast gold trading cash flows suggests a higher price of 1.19p. We reconfirm our Conviction buy stance.

Artisanal miners provide 20% of world gold production. High level discussions with governments in Africa look as though they will pave the way now for a more rapid roll-out of company’s compelling strategy whereby Wishbone effectively becomes a high margin gold producer.

Problem is pal- where were all these posters yesterday saying there will be a note placing?
As soon as the sp goes up they all come out of the woodwork talking the shares down.
Personally not a massive fan of RP or align but this is company defining news which will add material cash flow.

No doubt on twitter as this goes up I’ll get called all sorts of names by the jealous few. Always happens that way.
But they don’t say anything when I was buying shares in the 0.08’s. No surprise to me

Yep. Just to repeat and explain to the numpties on twitter who have no idea.
WSBN trade gold through their black sands fze subsidiary in Dubai.
Margins 1%.

Now today, Honduras license is there. Wsbn have equipped artisanal miners in Honduras with a plant to increase production and recoveries. The plant they have consists of a crusher made from tractor parts and they boil mercury on a stove for separation. Now they have access to a plant - and the deal is wsbn but the gold and 10-15% less than spot and they take their cut. The miners are happy as they make more money as the recoveries are better and less health risks
The government are happy as it cuts down on illegal mining and they claim taxes.

Margins then are 8-10 fold that of just trading. So revenues for 2019 should be 4 fold.
And SP practically at all time lows. This model will be rolled out in Africa and Thailand. They already have had talks at government level to introduce this scheme.
Brilliant news and I suspect when folks actually understand the above they will want in.
Not many cheap shares left as the placing will be clear any time.
Dyor folks

for those that read align:
Our valuation for Wishbone is thus £31.46 million, which equates to 1.47p based on the number of shares currently in issue (2,144,831,466). Our target price however has been calculated on a fully diluted basis (2,647,913,609 shares) dividing the valuation by the sum of the total number of shares and warrants expected to be in issue by the year-end, plus the 240 million shares that will result from the payment of the deferred consideration for PMI and Black Sands. On a fully diluted basis this results in a per share valuation of 1.19p.

Tony- the placing overhang has been in play for 2 months now and it wasn't a lot anyway. It will be done any day if not now. The riverfort spiral is done and dusted. There are warrants which will keep cash coming in for working capital as the sp increases so doubt they will place again as they have just done one. You can twist the selling and say its bad, but then again you can say its likely nearly done and when it stops it will be gapping up.
Hence im still holding. Also this is not PCGE. WSBN already have $8 mill revenue and that is predicted to go up substantially from now. Cant be any fairer than that

I agree. Not sold a bean. If it wasn't for the overhang it would have done over 100% today imo.
It was too cheap anyway based on the disastrous riverfort death spiral. but that's in the past now. Only way is up from here imo. Align im not a big fan of but they have got the revenue numbers next year as a 4 fold increase to circa $35 million. But the key is the margins are 8-10 % which is a 8-10 fold increase. So more revenue and more margin and the SP still basically at historic lows. Its got a long way to go for fair value. For balance Im not a big fan of RP but in the presenation he did say the Riverfort deal was a bad deal. Now they are out of it. He took shares in lieu of salary and has already chucked in £1 million of his own money. Todays news is the game changer because it unlocks the increased revenues and profits.