Member Info for ID78

£1mill MCAP and (is it around) 62% held by the BOD so only £400k free float -

Yes the tenement surrender was rejected.

See Dunnys post 12.16 yesterday. You can follow the link (and you’ll need to register to see the area you need to navigate to).

But the tenement surrender of the 5th June was rejected. It remains Wishbones.

Would be nice to have RNS on it but you can see for yourself.

Thanks Aim - I’ve had 2 websites show less than £1mill so I just went to the London stock exchange page.

You are correct

(I should say to start with 10-20mill)

That’s basically it Aiminvesting: less than £1mill MCAP.

What happens if they find gold in these 2 holes right next to GGP?…. £10-20min MCAP so worth a small punt as you say..

Is tha m/c correct?

I really was struggling with the idea of a drilling JV… they raised funds for drilling, we are told the initial drilling will not cost much due to the prior drilling.

A JV just felt wrong.

Anyway - one positive is that GGP and others were happy to try and claim the tenement.

Thanks Dunny and you raise some valid points… however I have rebought.

Hopefully we get a drilling update soon

I thought the same but if you follow the link that Portfoliopower posted you can navigate to the page that paddygal has found. You need to register but you get there.

The website is legit. The question is what is going on.

There are 3 scenarios

1) sale of the tenement

2) JV

3) the directors dropped the ball on some admin

I expect 1) or 2)

Tried to email the company but it won’t go through.

If they have done a deal they have surely sold for the current MCAP??! … it’s a paltry £768k

BOD need to address this

And if you create an account you presumably will see what paddy has posted…..

So - No1 plasterer

Enter E45/5297

Then when you go to that record click on ‘view mineral titles online record’ - you need to create a login

The image posted by Paddy does look to lead from the link by Portfoliopower - you need to create an account to view the section Paddy has screenshot. Unfortunately im a bit busy with work so I have taken the approach of money conservation- and sold in case this is true.

Paddy does seem to be posting legitimate data.

The BOD at WSBN need to issue an RNS. Simple as that.

I wonder if they are even aware…

Thanks Sorbie

Erm - wouldn’t GGP release an RNS?

Whatever you may think of the wishbone team - the GGP board would have released an RNS if they had pinched the tenements.

It’s a simple case of not true as there is no RNS by either company IMO

Fund raise allows breath space to negotiate the best offtake agreements.

Rather than biting the hand off the first offer to come along they can negotiate from a position of strength.

Fr.Jack - I dont know how you weren’t expecting this gold pour. I was - and I did kinda spell it out in my posts that this was a possibility given low grades from the previous out, HL times, etc.

Some of this pour I expect is gold from the new pit. But it’s only maybe 1 or 2 HL pads.

It’s the next gold pour that is critical.

Again comms could be better and it does feel like trying to hide bad news. Stupid really when there are valid reasons for this level of pour.

Weil flow rates - we now have 3 wells proving the flow rates are as expected. SP is bubbling but not taken off.

IMO this will move on offtake agreements

I get derisking and taking profit. Though if you want to de-risk don’t you do so before results?

I keep repeating myself but I was up 170% at one point but when I checked the MCAP it was a quick ‘eh no I won’t sell anything yet, thank you very much!’