Member Info for Gord_1

SM- As well as $14.9M..... add another $8.5M+ onto that for existing commitments ( $2M per year and a further $6.5M after 5 years)

Also note that 1 week "before" the last raise of ~$9M ..... they stated within their accounts under Going Concern: "The Company believes that the current cash balance is sufficient to continue operations until at least July 2025".

One week later they then raised ~$9M . In short they told the market that they are funded to keep the SP up, then at the same time planned a raise for a week later. This is market manipulation and very very deceitful.

I disagree ...its been a waiting game for 20 years .....and the "deal" ......based on past performance ....the next RNS will be some sort of delay....whilst in parallel the printing machine continues .....and sold into any rise. Rinse and Repeat until retirement.

$550K+ ( 4 times more than the average CEO of a UK "profitable" company)

His last 2 RNS were misleading for a CEO which helped trash the SP and got MATD into this position:

First RNS: Deal agreed with PC.... sign paperwork with MRPAM....good to go. (after 5 years of negotiations )

Second RNS : Not good to go.....deal not agreed with PC yet.... it needs sign off by them.

Third RNS ( to come) : A raise because we need the money to keep this ping pong game going.

GLA

Page 74 of the last full years accounts + 2 placings in 2024 = $174.5 M ..............you can find the accounts on their outdated website.

My concern on all of this is PC. If you look at the facts and where the company still sits. Also I'm currently on the fence with this as LTH's have been shafted over the years and any new blood may also get shafted too. DYOR.

Fact : For years MATD has tried to bring Block XX into production, however at the same time appear to have distracted investors of the underlying issue by drilling holes all around Mongolia with little success at huge cost. Placing after placing and handing back licences. $174.5M in placings in the process

Fact : The negotiations with PC have been ongoing for several years and still not formally signed by their management in China. They may take a different approach to the local negotiations that have been going on.

Fact : They hold the key to MATD getting any money as the company needs their facilities.

Fact: However Heron 1 sits very close or perhaps over PS's proven and producing Toson Uul Basin immediately to the north of Block XX. ( This was pointed out by MATD several years ago)

Fact : PC will need more oil next year to supply both the new refinery and their domestic customers.

Fact: PC will want to maximise their own investment into that oil field and facilities.

The key to all this is what would you do if you were in PC's situation right now ? Starve MATD, Buy the lease or co-operate and sign and loose potential money themselves. I also think more money is needed by MATD to fund their distraction activities from this activity. I can only speculate based on the facts presented and the delay in signing a contract when oil has already been taken into storage. How long will storage last until MATD has to temporary shut down/stall operations.

PC is key to this and without that, MATD are in very delicate situation.

I noticed on the accounts that MATD over the years have raised ~$170M during process of trying to get oil from UK shareholders which I think is bit excessive. The last 2 operational RNS contradict each other in terms of final signature before first oil is sold. We all want to make money from shares so whatever you do, good luck. You just don't know these days on the LSE/AIM

Fightman - Do you remember your post from 2019....:-)

Doubt there was ever a deal coming here it was Pouldens intension to let this die this way. He benefited by circa £2M,free cash from all those placings funding his Dubai lifestyle.

Same will happen at WSBN

Hes a crook but a rather clever one

I agree too. The LSEG shares ...who own AIM have increased by ~30% in last year. However the FTSE100/AIM etc have not moved much compared to other markets. That tells me that the people who run the LSEG are not bothered provided they are in profit , whilst the investors in the markets they manage get shafted. The AIM has turned into a bunch of crooks. Their is one company who has taken over £130M in placings over last 20 years and delivered sfa. However by selling dreams and paying a pumping crew it goes unnoticed ....that company is in oil space.

https://www.lse.co.uk/news/no-answers-for-aim-as-quiz-tribe-and-deltex-join-exodus-from-market-i3ad5qu7shdej82.html

More lies :

The last set of accounts for period of 6 months Jan -June 24 , their "admin" costs were ~900K , but what did they do ...sfa ? And how did they cover these "admin costs" when their was apparently not enough money in the bank...even the accounts are a sham. ( they only raised ~610k during that period when the bank accounts had peanuts in them at the start and end of the period)

They also issued 75M warrants in FY 23 without telling us shareholders. These warrants strike price was low, thus no wonder the SP tanked over last couple of years as well as all the placings they have done. Did they allocate these to themselves or mates and skimmed the profit without any consideration to the investors here from dilution. Usually warrants are issued as part of a bonus scheme or associated transaction, but nothing . Just issued without a reason...Another scam.

Another LIE Sept 24 :

Wishbone Gold Plc is pleased to announce it has raised £360,000 gross at a price of 0.375 pence per share and will be issuing a total of 96,000,000 new Ordinary Shares of 0.1 pence each (the "Ordinary Shares").

Richard Poulden, Wishbone Gold's Chairman, stated: "This small placing will cover the Company's exploration activity in Western Australia in the coming season. It also marks the start of working with our new brokers Tavira Financial Limited."

No exploration activities have since been announced.

I'll start ....others can join in

March 24 RNS :

Wishbone Gold Plc (AIM: WSBN, AQSE: WSBN), is pleased to announce it has raised £300,000 gross to one corporate investor at a price of 1.2 pence per share and will be issuing a total of 25,000,000 new Ordinary Shares of 0.1 pence each (the "Ordinary Shares").

This small placing will provide additional working capital for the Company but importantly will primarily be used to initiate exploration operations at the new Mosquito Creek property in the Pilbara.

Absolutely nothing has happened in Mosquito Creek

Many raises for exploration however the last drill was mainly funded by the WA government !.... . They even got a third party to do the application.

Below is an example of many of their lies , the Mosquito licence they raised 300K nearly 1 year ago for exploration....and nothing to show for it. I'm sick of being lied to and treated like a mug on the LSE/AIM. I wish someone in authority would stop these scams. As for AM, he is just looking after number 1 , himself. There are no assets in the company were supposed to be buying. No accounts and it was originally a gold trading company with him as middle man. Its a joke !

Note below the statement that they converted warrants they issued to themselves, as well as the monies received from other placings......and what has been done......a blxxdy report from a third party which would cost only a few k if that. Nothing meaningful.

Wishbone Gold Plc (AIM: WSBN, AQSE: WSBN), the precious metals exploration company, has received, notice to exercise warrants over a total of 25,000,000 new ordinary shares of 0.1 pence each in the Company (the "Ordinary Shares"), which will be issued at 1.0 pence per share. The exercise consideration is £250,000.

Richard Poulden, Wishbone's Chairman, commented: "With the gold price at near record highs of around US$2,400 an ounce and copper rising to around $11,000 a tonne, this funding allows us to advance several high impact exploration initiatives at our core gold and copper projects in Western Australia. It's an exciting time to be in the gold and copper exploration business and I look forward to updating shareholders in due course."

Only positive is that the MC of Wishbone is very low (sadly due to PR taking too much from the trough) ..........and these fat p*gs need feeding. :-) Either they fill the trough back up to a decent level or they starve

News soon.....quite a few decent buys so good luck all !

Patents are worthless unless you have heaps of money defending them. Keep their invention secret and licence it to a major. I remember CPX v Tesla a couple of years ago.....it was obvious who would win. QBT have spent 3 years on R&D , so why publish how they exactly did it just to get an IP. If they can get an IP without giving anything away, then a bonus. But if not 'm not so bothered about an IP because its their knowledge and Oracle C that the majors want. A deal should be forthcoming imo.

"JA? He is the most f...ed up ceo on the aim at them moment"

Its clear that the printing factory has been mastered with perfection........fake news, .print, sell, .fake news, print sell....with a small annual bonus given to a number of rampers.

Mmmm.........not sure what to make of this ? https://sifted.eu/articles/evrensel-capital-partners-athena-anthony-moore

3K :-(

AM statement from 3 months ago on linkedin........

And this is EXACTLY the strategy being actively pursued by Evrensel Global Natural Resources (formerly Evrensel Gold Services). Already very well placed in Morocco, via our local partner --my dear friend and highly valued business partner , Hesham Nabut, President of Olah Palace- we are actively seeking new exploration investment opportunities across Africa. In addition, opportunies in North, Central and Latin America are in negotiation or discussion. Our intention is to have Evrensel Global Natural Resources (EGNR) listed on a Stock Exchange in the very near future. We want to provide investors in the mining industry, bored with the current moribund state of share prices of mining companies, particularly on the London Stock Exchange AIM, with an exciting new investment vehicle. EGNR is active in 10 different areas in the mining business providing investors with diversification by type of activity, revenue stream and, increasingly, geography. Another highly attractive advantage of being a publicly listed company is that we will have access to funds, in particular debt, from a huge sector of the investment industry who are restricted from investing in/lending to private companies. I am delighted with the totally superb group of professionals that I have been able to bring on board. EGNR is now a focused team of highly competent, loyal and committed individuals who are very excited about our differentiators and what we can deliver. Creation of shareholder wealth is a critical responsibilty BUT we will never lose sight of our obligations to to do as much good as possible. Whether it be supporting artisenal miners or ensuring that damage to the environment is mitigated to the maximum (we have our own ESG team), we will balance making money with benefitting humankind, in our own small way, to the very best of our ability..

Evrensel Global Natural Resources--- one to watch!

How come GBP raised £1.5m to explore their gold project in Australia and WSBN cannot raise money in the market when they have better Licences.

Wishbone raised 1.1M in the last 12 months .....and spent only 25K on exploration. The rest went into their lavish lifestyle by these con artists