Member Info for LOTM-13

Ak247,

I have to agree with you, the number of excuses that are being made up for the BOD failures now is ridiculous

If RP gets shown the door & they do find something worthwhile then I'm sure they'll be a queue of much higher quality (qualified mining industry background people) wanting to be involved in Red Setter Dome. That in itself could well bring some institutional investors onboard WSBN.

It doesn't matter what either you or I think is a good assay result when it eventually comes, it all depends on whether the market thinks the results are good enough or not & it will decide the share price based on that.

LOTM

Hi Ak247,

After Friday's bombshell, I doubt many are expecting an RNS anytime soon from this useless bunch of directors.

Lots of new names posting over the weekend & a couple of new accounts, all trying to downplay the attempted consolidation news, with rubbish & things that don't stack-up, to try & deflect away from it. To try & stop the bleeding the directors have needlessly caused yet again.

Anyway I will be getting my NO votes sorted out later today.

LOTM

Hmm I wonder how the Mail on Sunday got to this 230M - 470M interval ?

No RNS to go by, no core pictures to go by!

I guess a leak from inside WSBN seems the very logical conclusion - probably in desperation to try & counter the share price reaction to Friday's disastrous share consolidation news - which was strangely missing from the Mail on Sunday piece!

Make of it what you will ......

LOTM

Sadly so many on here are totally clueless when it comes to Consolidations.

From 11th June 2025 RNS & similar is in the one from 9th Dec 2024 if you actually bother to look.....

"Wishbone Gold Plc is pleased to announce it has raised gross proceeds of £1,750,000 at a placing price of 0.13 pence per share ("Placing Price") through the issue of 1,346,153,846 new Ordinary Shares of 0.1 pence par value each (the "New Ordinary Shares"). Global Investment Strategy UK Limited acted as broker to the placing and raised gross proceeds of £850,000; an additional £600,000 was placed directly with institutional and other shareholders of the Company and £300,000 has agreed to be subscribed by Group Directors ("Related Party Transaction") immediately following the publication of the Company's December 2024 Accounts which are expected shortly (together the "Fundraise")."

That means the current par value of each WSBN share is 0.1p

The share price is now 1.0p so it would still need to fall by 90% for WSBN not to be able to issue shares ( as you can't issue them for below par value) the last placings were done at 1.25p & 1.30p.

So all this nonsense about not being able to issue shares because of the par value of the shares is just that nonsense, if the wanted to do a consolidation then the time to do it was in June when the share price was on its knee's & the above shares were issued at just 0.13p just above the par value of 0.1p.

The only way they couldn't currently issue shares is if Red Setter was a duster & the share price crashed.

As for those saying the share price will be 100 times the current share price once the share consolidation takes place, that is just nonsense as well. Yes in theory the share price should move from 1p to £1.00 but you'll soon find out that that isn't true by the close of the 1st day of trading after the consolidation takes place the share price will already be lower than £1.00 quite likely in the £0.90-0.95 range if not lower.

LOTM

Cando66,

Today was on RP & the rest of the WSBN BOD & no-one else.

Yesterday WSBN was back on investors radars & without any RNS the share price would undoubtedly moved higher as other returned to the scene as well.

The announcements killed all of that of in an instance.

Consolidations done without being part of a special dividend payment or capital return process are a disaster from start to finish, doing a 1 for 100 one just magnifies the issue. What's worse is they didn't need to do it the nominal value of the WSBN shares is 0.1p

That's twice in a row now RP has put out an RNS straight after the share price had some momentum & renewed investor interest.

Talk about shooting yourselves in the foot, RP & the WSBN are experts at it.

This is all on them & no-one else.

LOTM

No Skippybs01,

That's not what I'm saying at all. I'm saying RP has been at the helm for years now & failed to deliver the goods, but not only that he totally fails to keep the company shareholders properly informed.

He has broken the trust of investors by his recent actions & his position is no longer tenable. New leadership is required & if they have found something decent I'm sure they'll be a host of candidates wanting to take over the running of the company.

LOTM

Hi jaffjoon,

Drill Cores have been "tampered with in the past" you just need to search the internet to find the old stories of investors & sometimes labs being fooled by them. However I don't for a minute think that that's the case with WSBN.

I think https://wishbonegold.com/wp-content/uploads/2022/07/WSBN-RNS-220801-Encouraging-Visual-Results-at-Red-Setter-Project-9nga.pdf was a classic example of WSBN expecting to get far better assay results than turned out to be the case.

There are many WSBN things that make one worry, expedited cores to labs yet assay's are still not back & no timeline given, is just another example of how disastrously the WSBN BOD have done when it comes to keep there shareholders fully informed of what's going on. Yes they like to issue a tweet that can be interpreted lots of different ways, but when it comes to issuing official RNS's with factual data, they simply don't want to know.

RP held back assay results in 2022 so he has history in that regard.

LOTM

Hi Skippysb01,

No its not ridiculous at all.

RP will not be up for re-election for another 2 years after this.

I'm not an old WSBN shareholder, but if I was I would be furious at the dilution I'd suffered because of RP & the 2 years wasted in waiting to drill the Red Setter Dome. They could have drilled it in 2023 instead they drilled 6 collars to come back to (7 if you count the side track of 003) & (if they'd just drilled it then it would be a completely different story) only 2 of the old holes are usable to drill the Dome so what a waste of cash in 2023 that was.

RP wanted to do a reverse takeover of WSBN that's how confident he was in Red Setter Dome !!!

Then the 2nd round of funding after saying the were funded well into 2026 !

The last RNS (straight after the interview)

The refusal to issue a proper detailed Presentation to shareholders regarding what's been going on & the forward plan of action.

Or an RNS with forward drilling plan.

The list is endless he simply can't be trusted & is not in anyway looking after the interest of ordinary shareholders. The quicker he goes the better - end of story.

I'd love to be going to those meeting's but sadly that's not going to be possible for me to do which is frustrating to say the least.

If Barclays weren't so slow at doing corporate actions I'd have already called them up & asked them to vote my 2 Million shares against resolution 3A re-election of the chairman & against all of the resolution of the EGM, but I'll leave that to Monday by which time they might be ready to deal with WSBN corporate actions.

LOTM

Cando66,

This is all the Chairman's fault, RP needs to go end of story & the share consolidation needs voted down as well, it will make it far harder to trade the shares than is currently the case.

I hope you with your large holding will vote against all EGM resolutions & against RP's re-election as well

If you want to kill momentum in an instance, who do you call ? RP

LOTM

This seems to have got lost in all the WSBN BOD stupidity (yet again)

https://x.com/davidlenigas/status/1986676826383540635?s=46&t=SdJddzG8qbDv472g1VvMJw

If DL is expecting assay results for that company by the end of next week, then the question is when did they submit there first cores to the lab for assay compared to when WSBN submitted there's ?

LOTM

Growmorecash,

I wish you did as you preached & read the announcement fully.

The current nominal value of the shares is 0.1p

That is 90%+ lower than the current share price, there is no need to do a share consolidation.

The MM's don't need to send out new accounts to scare people into selling WSBN, they just need to get RP to issue an RNS !!! he can stop all momentum in the share price in an instance & send it into reverse!

LOTM

Why on earth is it being held in Gibraltar ? I guess to keep UK shareholders away from attending in person & grilling the BOD over there actions.

Well I'll be voting against the re-election of the Chairman (3A) & I will definitely be voting against all the EGM resolutions, a totally needless share consolidation, - no thank you.

(there having a laugh) Increased liquidity in the shares - no the exact opposite happens & you end up with a very wide spread bid-offer spread, so I hope everyone gets on to there broker on Monday & instructs them to vote against all the EGM resolutions.

LOTM

I'd love to see a detailed presentation tomorrow, followed by some actual assay results on Monday or Tuesday next week .......

LOTM

Lovely closing auction of 2,171,237 at 1.23p to break the late afternoon trend as well.

A lot of delayed trades still to show up, later today & tomorrow, easily 200M shares traded.

GLA

LOTM

Casper786,

WSBN has been one of the worst performing shares going after 3:15pm each day for quite some time now, if the mid-price stays above 1.175p I'd call it a good result, anything more would be an unexpected bonus.

GLA

LOTM

Clearly WSBN is back on a few people's radar's going by some of the new names posting here & old ones not seen in a while !

I guess the new drilling pattern will mean the DD rig moving far more often, possibly once a week especially in these shallow holes.

Question is are they seeing anything worthwhile in the shallow cores to date & when are they going to target the Red Setter Dome again.

The situation calls for a detailed Presentation, yet WSBN refuses to provide one !!!

Well done to all of those who have stayed with it these past few weeks, hopefully the reward for doing so is not far off.

LOTM

Growmorecash,

There were 3 WSBN related tweets in 1 day the other day ....... so who knows what might appear......

A speeding ticket would be even better ......... given the size of the trades going through

LOTM

Trades of 1.5M from ages ago constantly showing up, wait until all the 2-5M ones that have gone through this morning show up tomorrow evening.

They want to do a Tree Shake but seem to get inundated with buys at any sign of a price drop currently.

Hopefully the share price moves enough for a speeding ticket to be issued !!!!

Now that would set the cat amongst the pigeons then ......

GLA

LOTM

I bet the 24M seller on Tuesday is pretty pis*ed off right now.

The size of the early morning trades that are now showing up shows some had a good idea as to what was going on ........ just wait until the really big ones show up in tomorrows data for this morning .........

LOTM

FillToSpill,

By putting all the public pieces of the jigsaw puzzle together.

I wish they were chasing the Dome, but sadly they are not for now.

LOTM