The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Cripes - I know the state of the market is poor but people are giving these away. 2 drills turning - mcap is more than justified from Wishbone 2 Copper find. If you saw the sample photo then you would know that is good grades. Red Setter will take a bit longer as reverse drilling followed by diamond drilling to get to gold levels - all in good time. Buy the panic people. Know the game.
The panic in the market is exceptional today. People selling at massive losses. surely there is value down here, all with caution. I would see it as a strong hold. I would expect this to be the bottom as aid is expected to reach Sri Lanka and open the country.
No worries Viking. Was anyone else in here at the 0.6p level? Those were exciting times. I guess the security of the assets found now will attract a different crowd.
Has anyone thought about GGP possibly taking a slice of Wishbone Gold? Currently with 2 drills turning and Red Setter on the doorstep of Havieron. I know Newcrest are probably the expected company to have a Joint Venture with but GGP might be interested in a slice if they happen to find similarities? It would be some added exposure in a mineral rich area. Curious to see how it plays out. Sometimes I miss the excitement GGP had when they were in a similar position to WSBN.
Placing was 14p (premium) - warrants at 20p. Company is already cashed up for the drilling campaign. Area is rich with minerals and the magnetic survey has shown only 150m deep (roughly). This certainly has the potential. Along with gold being a safe haven for inflation, on good results this will open at 20p and continue to rise. £1 is only 100m mcap... GGP has 'slumped' to 400 mcap with previous highs well over 1 billion... Trying not to be rampy but the upside here is phenomenal!
After watching this for a few months I have built a position over the last two weeks. The company are hiring for various positions on their website. I can see the IML getting checked off fairly soon. The samples were held up by a government body but things are obviously still moving, albeit slower. The country needs the money, investment, jobs. It has the product and the infrastructure is cheap. Literally ready to go. GLA.
Taken some on the dip. 2 drills turning, 1 imminent. Copper already identified and now on the search for gold. Grades will come back soon and if the visible copper is anything to go by the MCAP is already de-risked. GGP went to 1 billion mcap, we're sitting under 20 million mcap right now. If the first drill fails we have the 2nd, then the 3rd. Risk v reward is as good as you can get. Wouldn't be surprised to get results back this week for the first samples. More samples will be taken from Red Setter - and you never know - there might be a nice photo of gold deposits. 20p is inbound.
I have issues with this article - issues galore. It's hard to find a place to start.
Note - I am not the weald oiler chap on twitter - whoever that is I seem to get confused with... So lets get that out the way first...
The article - like always with BMD - is released with the so called 'intent' of helping shareholders get 'the news they deserve to hear'... Yet it is more than apparent in the article that he has absolutely no idea what is going on..? Or did everyone seem to completely miss that? There seems to be one and only one clear agenda to the article and that is to crash the share price. Maybe he thought it would be an easy short based on nearing the end of the long EWT process. Maybe he wants more shares. Maybe both. However I can assure you he has not published this with good intentions for anybody but himself and his cronies.
"The problems re the EWT are undergoing standard operating procedures (SOPs) so all ‘could’ come back into kilter this week or next. As it stands the clean up, after all the procedures, continues. That’s exactly where we are at." - he has no F**king idea what is going on...
The article reads as a very bearish drag where you get to the bottom and it says they have attached a pump, removed a pump, multiple nitrogen lifts, repeat... and this is where the concern is coming from? BMD has asked them to comment and update the market by saying he doesn't know. Explicitly. He has no information not already on twitter or the lse boards. Yet all of a sudden it is new news to people? We all knew this and there are many explanations for this in an EWT.
I used to appreciate BMD's articles and mark his blogs as fairly credible as they used to contain good analysed content but this is shockingly appalling. They are testing a 120m column with gas, condensate, oil. The pay zone here is huge and he is speaking as if it is a simple perf, acid wash, clean up and flow job? Surely he has more expertise than that.
Why do I think things are looking better than this dribble?
We have seen the flare stack going a few times now. Most updates are from swampies who are doing everything in their power to crumple these companies. They don't show you anything positive. Their photo quality is poor and their descriptions are from an unknowing, jobless hippie, who has no idea about well testing processes. So to take any information from them as fact would be ridiculous.
Now I am not saying West Newton is flowing and the clean up is complete with everything s****y dory. However this article really tells us nothing detrimental to the oil field in testing other than they are working on it.
In terms of updates - I have never, ever, seen an RNS half way through an EWT. They will update the markets when the EWT is COMPLETE. Before then any update is completely irrelevant.
So - before going selling out on someone that has a specific agenda that works for their own corrupt portfolio, take a good hard think about it.
I have issues with this article - issues galore. It's hard to find a place to start.
Note - I am not the weald oiler chap on twitter - whoever that is I seem to get confused with... So lets get that out the way first...
The article - like always with BMD - is released with the so called 'intent' of helping shareholders get 'the news they deserve to hear'... Yet it is more than apparent in the article that he has absolutely no idea what is going on..? Or did everyone seem to completely miss that? There seems to be one and only one clear agenda to the article and that is to crash the share price. Maybe he thought it would be an easy short based on nearing the end of the long EWT process. Maybe he wants more shares. Maybe both. However I can assure you he has not published this with good intentions for anybody but himself and his cronies.
"The problems re the EWT are undergoing standard operating procedures (SOPs) so all ‘could’ come back into kilter this week or next. As it stands the clean up, after all the procedures, continues. That’s exactly where we are at." - he has no F**king idea what is going on...
The article reads as a very bearish drag where you get to the bottom and it says they have attached a pump, removed a pump, multiple nitrogen lifts, repeat... and this is where the concern is coming from? BMD has asked them to comment and update the market by saying he doesn't know. Explicitly. He has no information not already on twitter or the lse boards. Yet all of a sudden it is new news to people? We all knew this and there are many explanations for this in an EWT.
I used to appreciate BMD's articles and mark his blogs as fairly credible as they used to contain good analysed content but this is shockingly appalling. They are testing a 120m column with gas, condensate, oil. The pay zone here is huge and he is speaking as if it is a simple perf, acid wash, clean up and flow job? Surely he has more expertise than that.
Why do I think things are looking better than this dribble?
We have seen the flare stack going a few times now. Most updates are from swampies who are doing everything in their power to crumple these companies. They don't show you anything positive. Their photo quality is poor and their descriptions are from an unknowing, jobless hippie, who has no idea about well testing processes. So to take any information from them as fact would be ridiculous.
Now I am not saying West Newton is flowing and the clean up is complete with everything s****y dory. However this article really tells us nothing detrimental to the oil field in testing other than they are working on it.
In terms of updates - I have never, ever, seen an RNS half way through an EWT. They will update the markets when the EWT is COMPLETE. Before then any update is completely irrelevant.
So - before going selling out on someone that has a specific agenda that works for their own corrupt portfolio, take a good hard think about why.
Tomorrow predictions. MXC flat whilst CBX goes to the moon. Then profits will make their way back here.
Sells this afternoon so people can get in CBX first thing tomorrow. Shares will take the day to transfer from IPO holders hands so anything held will be in tight hands at least until Monday.
Any leak of some good news and people will start valuing this company as a 190m company and not a 9m company. The sole reason I have invested here. Solicitors have taken on this case without upfront payment as they are sure to succeed. It's not a matter of what it is when. 5 days..? 5 weeks..? 5 months..? Tick Tock. Know the game fellas!
If anyone hasn't listened to the interview I would strongly recommend checking it out: https://total-market-solutions.com/2021/02/kanabo-group/
You can see the potential here is huge. Much bigger than I initially thought.
Yup, investors very happy to buy at this price, including myself. I can see 30p + this week pre news. Then as you say - 10 bag from there to £3 on anything substantial as a longer term target. Very plausible in this sector.
You might have to search by the old share ticker 'SOP' rather than KNB. You can buy on most trading platforms.
The cannabis sector is red hot. I think a lot of people are weary over buying 250% 300% up but in truth that is where people have valued this. It's not going to tank. One of very few cannabis plays in the UK. This is going to continue.
Happy to build a position at these levels.
I mentioned the 17p range... Looking good for a run up to the 25p area now IMO.
Exactly haha. It's just warrant shares getting flipped. If I was looking to buy in this is the price I would have been waiting for. Previous resistance come support. It's the lowest point inside the bull flag. News is also near. Perfect setup for a breakout and aligned with expected news flow. Gold is also edging up today.
Silly drop which was very much orchestrated but at least it hit 67p support that was roughly the area it had to hit before going higher. Now we can consolidate and move back up. Their tests will be sold regardless. The government want them but also 37 other countries are also after them. High demand. Chill.