Member Info for EyeGuy

touching 1p now. strap in folks

Nice. But this is just the start IMO

tick up. Share shortage by the looks of things. market I think has now caught on to the profits this company should make. GLAS

Boom time boys and girls. Well done all. Target 2.6p by year end. Plenty of legs.

Expecting a strong few weeks here now the maths have been digested. Good news that TW isn't selling- he says he owns a fair few so the shares should still be in short supply. If we can get to 2.6p in 3 - 4 months I'm sure most will be very happy. Gla

This makes for compelling reading. I agree with TW here about the margins and his workings are pretty much the same as mine. 2.8p for starters on 100kg of gold- that's only 3 months or so away. By the following year that would/should be more than double the profit which should also double the sp to over 6p based on this. How high this goes will all depend on how much gold they can get contracts for. But Richard Poulden I believe has built up contacts from his Sirius minerals days- and if he can keep getting the contracts in this could be one of the best stocks you will see this year and next

Chasf, Tidd, Manu, Kums and all. I've plugged some numbers in from the presentation and I agree with TW that this is very good news indeed. 100kg gold traded weekly at say 3% (to be confirmed) will be bringing in circa $140k per week. I'll post workings later but 100kg gold at $1350 will cost circa $4.75 mill which means that likely by year end Wsbn would likely have made already profit of $1.75 mill in only 6 months. I make 100kg gold weekly circa �5.5 million per year but the 3% margin weekly will mean that the revenues should increase by over 150% every year cumulative until they have no more contracts. Dubai tax free and Corp costs in Gibraltar 10%. By Christmas next year Wsbn could well be making over �10 mill net profit per year. Mcap is less than that but as importantly the money made isn't spent it's just used for trading.

Chasf- doesn't seem to be much stick around. I'll keep buying up to 1p. I think this stock is undervalued and bar a few slicing or rainbow chasing , I don't see much downside here but see plenty of upside. RP not replied yet but will post as soon as he does.

over 2.5 million now. Target 3 million and that's me done.

yes- TWinnifirth appears not to want to sell a single share until well over 1p. Think we all agree the release is good news and now just a waiting game for the rise IMO.

Agree Chasf. Having increasing profit without any increased capex is great. Market will catch on soon enough

thanks Serpico1010. I think this is a very good bet for the next months and year due to cash flows in a rising gold market. It is tightly held so if a few sell out it goes down but same rules apply with a few buys. I have no intention slicing until we are circa 2p which it could do in the new year, ATB

No worries Tidd. Will keep you all posted. I think this is going to be huge. Even if they make 3% margin per trade it's still 160% + profit per year (3-% per week) which will increase by 150% every year until they run out of contracts with their cash not being spent- acting as credit only but not being consumed. Gla

Presentation is on the website. Click on if for here: http://wishbonegold.com I have e-mailed Richard regarding the margins. The gold trading division - according to this make between 2-4% but that sounds as though this is the online gold trading to me. The previous presentation stated 3-8%. Also asked when the blacksands fze website will be up and running to trade gold. I they take an additional 2-4% on online gold trades to the gold traded through Dubai- it's just going to add to the cash pile. I'll post when/ if I get a reply. Very happy here. In a rising gold price they should make a packet and still make money at lower prices too. Less risk than a gold producer IMO Gla

Currently we are shipping gold from Ghana and Peru. We are on track to meet our year end target of shipping 100 kilos per week. In addition the Company has contracts under negotiation for further suppliers in the above and other countries. So could well be seeing more than 4 countries supplying gold. Could well be doing 3-500kg within the year.

Got any feedback from the one2one?

lol. Maybe but let's see what he says about the new contracts. good news today and a good recovery

agree Tidd, but hoping we find out more tonight. Whats pretty obvious to me is that this is just the start of what IMO is likely to be a great rise from here. If anyone is going tonight and there is a Q and A - ask how much gold they have in their contracts. I would like to see something between 3-500kg. IMO 500kg gold weekly = minimum £100 mill mcap. But you may have to wait a year for it. I can wait

Past conferences have been online so I'll be checking eagerly. Will be interesting to know how much gold RP anticipates from the 2 extra countries. Think the RNS backs up that we should be circa 70-75 kg gold per week now so should be making a fair bit already. Agree that market hasn't cottoned on at all

The main parts of the RNS for me are: - Target on track for 100kg gold by year end. This is key as the turnaround time for the cash we want as quick as possible. So if they said 100kg every 2 weeks then that's half the profit. So that's great news this has a weekly turn around. - extra contracts for 2 new countries with more on the horizon as a possibility. Margins are fixed at 3-8% and by my calculations blacksands fze could be getting $20 million annually from the 2 countries. Increasing the volume of gold is going to increase cash flows with minimal costs. - corporation costs and spends are very low. Precious metals international is giving some revenue to help pay he bills. So this is almost at break even without blacksand fze. Market hasn't woken up. Just imagine if by next year they are doing 500kg/week. That's circa $1 mill per week in commission and this could be well over �100 mill mcap on those numbers.