Member Info for EyeGuy

movement here. have they run out of shares again?

Most recently Richard was Chairman and CEO of AIM quoted Sirius Minerals Plc where he oversaw the transformation of the company into a substantial potash company achieved through a series of company acquisitions in Australia, USA and the UK.

ready to move again as spread narrowed. yippee

forward p/e's should be pretty high as WSBN should make over 150% more than each preceeding year. When you get your head around that then I'm sure most want to hold their shares.

Not sure this is going to pull back much. each month this company should make more profit than the last. that tells me this is going only one way

Back up again. I think a strong afternoon is coming up. I'm holding tight until 2.5p-3p. At this rate that shouldn't be too long now.

the profit is tax free as its Dubai and copr tax I think is 10% as its Gibralter based. There is no expensive capex mines to fund and no expensive staff to pay. Hence this operation is going to be hugely profitable for all shareholders here. Each month this co. should make more than the last so IMO anyone that takes a position now will be rewarded due to this IMO

+150% per year, the next year 150% on top of the already 150%, and the next year another 150% on top of the 2 x 150%.- until they have no more contracts. Good news is they have more contracts now with 4 countries and others in negotiation. Takes 3-4 months to get them intergrated. But I would be crazy to sell now. Also Richard Poulden who is the CEO is using his contacts from his Sirius minerals days. He oversaw that huge rise from 1p-15p ish. I think the same could be happening here. GLA

by my calcs WSBN should have made $1.75 million net profit from gold trading. They have $3 million credit line and said they will be on course to trade 100kg gold per week which will be $4.75 million circa. IMO the profit is paying for the difference but obviously DYOR. Also the NOMAD would IMO never sign off this from September if they weren't sure this is happening. Hold for 2.5p + soon IMO

the cash is fine. They have the debt for gold trading which they are doing now. They should be well in profit now and by my calcs by year end should be making a fair chunk of cash which will increase each month. Basically the money they make is recycled back into the pot. The cash stands as letters of credit against gold purchases. Per year they will be making over 150% margin (3%/wewk x 52) which will increase year on year. This company should make a serious amount of cash. Each month making more than the next until they have no more contracts. Contracts for gold trading take 3-4 months to implement. so no Jam tomorrow here. GLA

Fantastic stock. No shares around

Expect to see 25-30% rise today Gla

Wishboooooooommmm

A big day coming up again I think as the re rate is taking affect. Shares are in such short supply another 30% is not out the question. Taking a look around aim and nothing at this mcap in this sector will make as much as Wsbn should be making from now with blue sky potential over next few months. Gla and hold tight

Yes indeed Geordie. 10p may be some way off but this could be 5p quicker than you think. Look again at the model. 3-4 months to integrate new trading contracts to blacksands fze. Each will be profitable from the first delivery as profits come from margin. So none of this Jam tomorrow drilling holes and waiting 10 years. Money is rolling in now and each month they are making more and more of it.

About this business model. Contracts only take 3-4 months to implement into the trading. For example if you are an explorer, it may take years to get the metal out of the ground. Here- we are looking at months to get increasing revenues from the contracts. This obviously depends on cash flow but I wouldn't be surprised if after a few months of trading successfully, sandersons increase the loan.

Yes - he is doing well here. It's worth spending an hour to get your head around what's going on here for any newbies. Every month- Wsbn should make more money than the previous month until they run out of contracts as cash made is recycled to increase trading. And mentioned we have more contracts coming to blacksands in 3-4 months. And more under negotiation. I do want exposure to gold stocks but a lot either have high capex or hig debts to service and that adds to the risk. Wsbn have such few outgoings for what is coming in that they will be making a vast amount of profit per revenues. Most stocks at this level make no profit at all. I'm pretty happy tonight- but IMO you ain't seen nothing yet.

what a day. well done all holders here. IMO this is just the start. nothing on AIM at this price likely to make an accumulative 150% per year on revenues and therefore likely profits. This IMO is only going one way and think that mid 2's come year end is a distinct possibility. ATB everyone

getting the last of the sub 1p?

The numbers are really good and I know it sounds too good to be true- but I suspect now the "market" has worked out the maths then a short term target over 2.5p is reasonable. Think about it this way. The margins over a year are over 150%. So that is the growth I expect over next few years. But that increase should continue until they don't have any more contracts. This company will be making some serious cash which isn't actually consumed with capex costs or paying off debt. The credit facility hasn't actually been consumed either. It acts as credit against the gold purchased. Very happy here. Short term I'm looking for 2.5p ish