Member Info for EyeGuy

This used to be a 10 mill mcap company when I held this.
Next news is a game changer for wsbn imo
Dyor

Nice start

Placing stock and or possibly placing fee stock cleared now.
Should be a good rise up

Huge delayed trades

Increase in income at 8-10x margin. That’s a lot.

Well. Placing should have cleared in next few days I reckon and I’ll look to take some more before it does clear

I think the liquidity here is fine. I think there has been some big sells from the RiverFort deal which have now gone.
With increasing volume the spread should come right down anyway.
Good week coming imo. Not long until news dyor

If that is achieved then it’s multiple pence.
It was 1.30p when I had some - and yes more shares in issue but it could easily get there again.
Even TW did a podcast then on why the SP should be more than 2p. It’s aim, theres been a delay and the SP has been battered. But this imo will go back up quicker than it came down.
Imo dyor

The RiverFort deal and Honduras delay has tanked this. Any loan note type arrangement flogged into low volume and low sentiment has been catastrophic for the SP. However this does mean that you can buy shares at what I think is a price which is too low. The turning point is now- and that is based on margins from the operations. Rather than just trade the gold, wsbn have margin from the gold production side which should mean 8-10x margin (compared to 2018 trading)
I think this should do rather well imo. Dyor

https://wishbonegold.com/images/2018/Wishbone-Gold-Presentation-Oct-2018-1.0.pdf

Worth a read

Great find. And see who their customers are ;-)

For balance Woody - I don’t give trading advice and there is always a risk but i have stuck my own money in here after waiting patiently and researching.

not really Woody because the riverfort deal meant shares were dumped in a death spiral against little volume forcing the price lower.

Align have estimated revenues of $34 mill next year and $78 mill 2020. All for £2 mill mcap

GGPP doesn't make any cash. WSBN could have $38 million revenue next year

Margins move to 8-10% with the reverse integration (from 1.02%)
So we have circa 8-10x Margin, more revenues, sp at historic lows and news due.
Nice

As previously announced Wishbone Gold suffered delays in its Honduras operation coming online due to the failure of our partners to obtain the correct licenses. We moved to remedy this failure earlier in the year and expect the operation to be on stream by the end of the calendar year. Once the Honduras operation is on stream the Board anticipates that its output will significantly boost the Company's profitability. While waiting for the permits to be granted additional equipment is being installed on the site to boost production and improve the percentage of recovered gold to make up for lost time. Once the permits are in place local miners will be able to process more ore, no longer require the use of mercury, and be able to recover more gold.

If they make $38 million next year revenues with 10% margins it will be much more than that next year imo.
But 0.3-0.4 by year end seems achievable
Dyor

Happy with that mannan. It’s about getting in early pal.
I think folks will be paying more and more as the story unfolds

happy to hold. mcap is peanuts and potential is good. risk vs reward favourable at this mcap imo.
target 0.3-0.4p imminent imo