Reposting good point from Spartac14 Nov 2025 06:46
GGP didn’t become a £1B company because investors threw tantrums about consolidation ratios. They drilled, proved a system, and let the assays speak. WSBN is doing the same with deeper holes into the exact MT corridor, sulphides and breccia already intersected. That’s how discoveries are made, not by forcing out half baked assays to pump the price.
The 100 to 1 consolidation isn’t some evil plan. It’s basic ASX compliance. Every serious junior going dual listed does it. If you think RP and DL designed it just to shaft holders, you clearly don’t understand capital markets.
And stop pretending WSBN has no drill plan. MT, magnetic highs, conductivity models, structural corridors all mapped professionally. Apex was hired because that’s what grown-up exploration companies do. They get specialists in, not keyboard geologists.
Cash burn? It’s one rig and a contractor model. If that scares you, exploration stocks probably aren’t for you.
This doom talk about three years of inaction is nonsense. The company is drilling right now. If you’re holding big, at least understand the sector you’re invested in.