Member Info for Gheko

I think some of the selling on Friday was probably folk getting nervous when a company says it will provide a trading and business update at the investor presentation on Tuesday.

However in FABs case we had a positive trading statement in October and I think the update should be extremely positive on top of the palpable excitement about the Optimal launch. I like this bit of the RNS…

“ Fusion will host an online live presentation open to all investors on Tuesday, 25 November at 11.00am GMT, delivered by Dr Adrian Kinkaid, CEO and Stephen Smyth, interim CFO. The Company is committed to providing an opportunity for all existing and potential investors to hear directly from management on its results whilst additionally providing an update on the business and current trading”.

Could be a FAB week ahead. Onwards and upwards

Just how big this is looking and hence it takes time to put all the jigsaw pieces together but it’s coming…….

Wishbone Gold Plc is pleased to announce that drilling at the Company's Red Setter Gold Dome Project, located 20km south-west of Greatland Gold Plc's (AIM and ASX: GGP) Telfer gold mine in Western Australia (Figure 1), has now intersected multiple zones of brecciation and alteration with sulphide mineralisation starting at around 520m in its second diamond drill hole (Figures 2-12).

Although drilling at this second hole (#25RSDD002) is at an early stage, Wishbone sees the potential for a significant geological and mineralisation event at Red Setter.

Original expectations for this second hole were that drilling would potentially intersect the breccia and mineralisation as identified in the first hole (#25RSDD001) at a much deeper depth, as the step-out is 200m south-west from the breccia intercept in the first drill hole.

The second drill hole geology has showed significantly more heat alteration (metamorphism) than the first drill hole. Metamorphism is seen in the rock core as bleaching events that destroys the colour of the original sediments, which may grade in places to metasomatism due to hydrothermal alteration. Further drilling will define the scale of the system and the types of alteration to be assessed.

There are enough drill rods on site to drill this hole to around 1,000m should this second hole merit it. The first hole terminated at a depth of 777m still in strong brecciation.

I think (rightly so) that the NCI will get a bit of a mate's rate deal given their work in validating Optimal. I also think therefore that that the value of the deal may not be part of the announcement as commercially sensitive when we go to the wider market with commercial launch in a couple of weeks or so.

Nonetheless, a deal is a deal and with the giant US NCI is going to be worth a lot of money in terms of the endorsement of the Optimal platform we have. Onwards and upwards.

Very professional management team here. Always on time with results, investor presentations to explain what’s happening etc and showcasing what the company has.

NCI contract landing Monday would fuel the rockets ready for Adrian to talk about it on Tuesday! 🚀🚀

Only 6 trading days to go before the NCI free collaboration finishes.

Time then for the commercial contract to be signed and delivered and teh share price reacts accordingly. Nicely just before teh Optimal launch a couple of weeks later. Perfect! 🚀🚀🚀🚀

@Mooching - I beg to differ. The company has said as recent as the 6th October RNS what is going on thus…..

The addition of this large Reverse Circulation drill rig will speed up getting to target on future drill holes at Red Setter as the diamond drill rig will now not have to core through the overburden which is a very time consuming component of the current deep diamond drilling program. Having both drill rigs on site will also create efficiencies for Core's provision of drilling services at Red Setter and will thus be an integral part of the overall expanded drilling programme we intend to undertake with the recent additional raise. The RC rig will be tasked with pre collars for diamond tail, water bores and following up on the extensive shallower gold mineralisation reported during the 2023 drill programs, where gold and copper mineralisation was intersected at depths starting from 117m down-hole. I look forward to presenting further updates on progress shortly. Drilling continues in the current #25RSDD001 diamond hole and we are able to drill the current hole to a depth of around 1,000m if needed."

Note especially this, “ will thus be an integral part of the overall expanded drilling programme we intend to undertake with the recent additional raise”.

With the share movement today I suggest the overall puzzle is getting clearer and the vast potential resource is being unearthed.

While there is understandably a clamour for assay results and arguments whether it should be before or after the consolidation, just the following thought…….

The company announced in 2003 that they had found gold and copper and repeated this info to shareholders in the last RNS. This drilling campaign is to define how much and over what area hence the multiple holes and MMT surveys.

If you were the company wouldn’t you want to issue the next RNS when you had a clear idea of what you have found, grades, over what size area etc before releasing the news. The danger otherwise in releasing piecemeal is that if one hole on the periphery of the find has lower grades then doomsayers will be shouting it’s a duster and all doom whilst of course this would be completely out of context to the overall project.

Personally I would like to see one stinking RNS setting out the complete picture and potentially already in discussions therefore on JV or takeover. The share price in the meantime is irrelevant on a daily basis unless you are a trader.

If you are in for the ride because you think this is a major gold/copper play then Im sure you will buy shares at whatever prices you are happy with until the news comes and beyond. Good luck all.

whilst we are talking about the gold discovery we have it’s worth remembering we also have copper.

interview in the times yesterday with the ceo of the giant anto***asta where he was outlining how valuable copper is increasingly becoming for all various applications in the modern world.

guess who has copper find on top of the gold in them hills in western australia?! as warren buffet said the patient make money from the impatient. this share pull back on misunderstood message from the rns going to look like bargain of the decade very soon imho. good luck all. ignore the drivel.

No wonder the company are explaining just how HUGE the optimal platform is. Wakey Wakey investors. This is quite possibly one of the great inventions of modern time no is hugely valuable.

When launched in a few weeks to all the big pharma s in the world then maybe investors will wake up to this Fabulous company with a minute market cap and yet a platform worth many many multiples of current share price.

Good luck ll. when this moves it’s going to be epic.

Prefer to look at the recent comments of the survey company. They clearly have a very good success rate at sniffing out gold and they ar3 very excited. 🚀🚀

Despite the challenges to the people of Jamaica this is a major step forward for the company.

Contract signed for the work to be done next month. This is key imho to unlocking the bidding war for a farm in. Uncertainty regarding getting this survey done is now removed so share price should reflect the progress.

Thoughts with the people of Jamaica with their continued recovery. Successfully finding millions of barrels of oil will greatly assist their economy and assist with stronger infrastructure going forward.

Look at what leading fund manager saying about gold stocks and hat they are looking for…..

“ Typically, their shares underperformed the gold price in 2022 and 2023, then tracked it for a while, but this year they have outperformed and there is more catch up to come.'

Although the fund holds some mining stock giants such as Canadian based Equinox Gold (capitalised at £6.5 billion), its focus is on searching for smaller gold companies which have gone under the radar of rival managers and analysts – and offer the potential for superior returns”

Who do we know finding gold on a prospect bigger than Haveiron which is currently under the radar?!

Onwards and upwards. May be this fund want a piece of the action hence the consolidation to make it more attractive to the big guns.

If you are uncovering a massive new gold/copper play in a safe jurisdiction like Australia and yet as a company wantin* to be taken seriously about that find why wouldn’t you tidy up the share numbers etc?

Currently 3 billion shares in issue and a share price in and around 1 pence plus. If you want to attract serious investors who want to buy into this massive discovery then to have only 30 million shares in issue at a price around £1 + is much more professional and in keeping with a serious company sitting on a fortune.

So what if they also have room to raise more cash in the future. That’s good business. After all if/when they enter discussions on a JV or takeover they want to be in a strong position.

Meanwhile the proving up of the massive find goes on and news in that can drop at anytime. Thanks for the chance to top up again this morning. Onwards and upwards.

Remember the RNS from 29th August when the company announced they needed to consolidate the shares as the share price was consistently below the nominal value of 1.5p per share hence the6 could not raise money below that level.

We know the price then collapses to circa 0.2p on announcement of the placing. Fast forward to now where DN has taken a large stake and shareholders voted against the raise. Since the. The price has been recovering not least because of DN’s buying and now prospect of a £1 million loan to the company.

So just a thought. DN completes the loan, share price continues to go up, company announces more deals, share price goes above 1.5p (ie 50% increase from now) and company raise money at this level. That would be 7x what the6 we’re going to raise at. DN gets his mone6 back plus well in profit from his shares and shareholders buying now nicely in big profit. Just a thought……..

Natural that folk want quick assay updates from one hole or another.

But just a thought. We are looking at an area 6x that of our neighbour. We know there is gold and copper there. We have heard the comments of the drilling team how exciting the land is. They would know first hand!

I think it is wise that the company are mapping out the entire prospect with the increased double drilling and linking with more MMT surveys rather than releasing some assay results piecemeal which wont tell the whole story here.

So, happy to wait for the R NS with a complete picture of what lies beneath and keep taking cheap shares off of the bored investors who crave an RNS daily.

Who honestly thinks that within a short timescale folk won’t be saying “Wow and you could have bought this for 1p.!!”.

Patience………taking money from the inpatient. Good luck all.

Bull - it’s not the amount of money it is the principle Im saying.

In all the years TEK has been going not a single special dividend payout has been made. They just carry on issuing more shares now and again. Now one portfolio company with so called top management had gone bust, what did TEK get out of all the hype and valuation of it…nothing.

So why do folk think that another IPO is going to change the narrative on this?! Market sure doesn’t think so hence the share price. Won’t be long before another raise with mates or otherwise. History speaks for itself that’s all Im saying.

Another massive clinical breakthrough making Oltimal even more valuable. No wonder the US NCI want to continue working with us.

Now it is on commercial terms to be agreed this month. Launchpad if Optimal just a weeks away to the industry giants.

No better time to be in FAB as the massive re rate is about to start.

Going into administration as announced today.

TEK good at releasing lots of pointless RNS with any slight update on a portfolio company yet the elephant in the room of BELL going bust never gets a mention!

That’s it then - all over.

Used to be a holder but thank goodness saw the light how badly this was being run. Sadly no investigation as to how these so called top board members spent all that money and yet run the company into the ground.

Sadly the product to help folk is really needed.

I have been critical of the company for good reason as to the handling of all this.

However just a thought. The £1 million loan is a sticking plaster for what the company needs. But and it’s a big but, if as a result of securing that the share price gets above 1.5p then they can raise money without a GM as the shares will be above par as per a previous announcement. Just a thought.