Member Info for LOTM-13

Casper786,

The next big question is where did this core come from ??? is it a WSBN one or from a tottally different site that they just chose to use?

https://www.linkedin.com/posts/core-drilling-services_diamonddrilling-foolsgold-discovery-activity-7378551905364447232-FUhA

Is it an old Red Setter Core from 2022 or such like or more recent from 25RSDD002 ?

Just look at the amount of veining & everything else going on in the picture (ignoring the fools gold), Not a picture I've seen before but would like to know where it originated from for sure.

Drill Baby Drill

LOTM

Casper786,

There stupidity just totally amazes me, an easy chance for them to give a passing depth report, so that everyone knew where they'd got to in 25RSDD002 & they failed to take it. Its like missing an open goal from 5 cm away.

Yes the good news is they are still drilling 25RSDD002, so around 750M currently. The question is when are double shifts on that rig starting ? the sooner the better for all of us.

If there starting now, the we're looking at roughly 8 more days rather than 16 to get to 1000M & if still in mineralisation at that point, then just over 3 more days to go as deep as this rig can at 1100M.

I guess they'll be back to deepen 25RSDD001 after that while a new surface collar is drilled by this new rig. Hopefully on the pad to the westsouthwest of the current drill pad. If they send it there (the new rig) first of all then that's a really good sign in my opinion.

Drill Baby Drill

LOTM

Had to issue a correction to a stupid mistake on the original RNS & still weren't clear enough to add in the current depth of the hole.

They are clueless when it comes to investor PR.

Drill Baby Drill

LOTM

So rushed to try & show investors they are doing something instead of coming up with a proper plan of action after all this time.

And they didn't have there half a brain cell working to know that they should have at least given an update as to the current depth of hole 25RSDD002 ? & 25RSDD001 if they have indeed gone back to it.

Confusion rains due to total stupidity & incompetency.

LOTM

Another half-baked RNS,

Dumb & Dumber couldn't do a worse job than this lot are currently doing.

Are we back in 25RSDD001 or is that just a typo ?

A RC rig that goes to 700M isn't much use & they seem to have forgotten all the issues they had in 2023 drilling pre-collars for this campaign & only 2 of them 001 & 003 out of the 6 drilled seem to going in the right direction.

The stupid of this plan is mind blowing

LOTM

Details on the drill rig,

https://coredrilling.net.au/rig/udr-200-dls/

It can go to 1100M, so I hope they've made sure they have enough drill rods on site to be able to do that if necessary.

I don't know if Core Drilling have more than 1 of these rigs? by the looks of what's said on the website the answer would appear to be NO.

The only other rig they have that can go to 1000M or more is this

https://coredrilling.net.au/rig/comacchio-cxt-15/

Now whether its available to hire is one question as it can go to 1800M, but can it do angular drilling is a much bigger question, as all the available pictures only show vertical drilling.

They need to find answers quickly on the drilling front, 60 days on single shifts ( from surface) simply doesn't cut it going forward.

At the moment if they still are on single shifts then its going to be roughly another 16 days before they hit 1000M & if your still in good mineralisation at that point, then the smart thing to do would be to carry on as deep as they can go even if that is 1100M as it will add valuable data to the collection.

Drill Baby Drill

LOTM

Really pleased to see that they are still drilling 25RSDD002

The longer the better, however I believe they are only doing something like 16M per day on a single shift so unless they have gone to double shifts, I'd say they are at740 -745M at the end of today in Perth, with another 10M+ to come tomorrow before the LSE opens.

Drill Baby Drill

LOTM

Going to spend a lot of the weekend working out there future collar locations.

This is a great starting point for everyone to view, thanks to Upsiderebal,

https://x.com/Upsiderebal/status/1955513397639872865/photo/1

I've had "study & learn" from copilot instead of smart-GPT5 confirm that it matches up with the collar co-ordinates from

https://wishbonegold.com/wp-content/uploads/2023/12/WSBN-RNS-231204-Mineralisation-over-3km-strike-at-Red-Setter-kmw2.pdf

Hole ID MGA E MGA N RL Dip Azimuth Final Depth

23RSRC001 399792 7586962 288 -70 210 300

23RSRC002 399901 7587241 288 -60 200 312

23RSRC003A 399953 7587387 288 -60 200 270

23RSRC004 400002 7587525 288 -60 200 342

23RSRC005 400101 7587797 288 -70 200 269

23RSRC006 399910 7588146 288 -60 200 246

The distances between the collars are as follows

Direct Collar-to-Collar Distances

From → To Distance (m)

001 → 002 284.3 m

002 → 003A 147.4 m

003A → 004 139.2 m

004 → 005 278.3 m

I'd also point out the clearings that were made & visible (whenever Upsiderebal got this satellite image time wise) that didn't have RC collars drilled on them back in 2023 !

Especially the one to the WestSouthWest of where the 25RSDD001 drill pad is.

If they already have heritage approval for its use, then that pad is where I'd expect them to go to next, as the furthest point west on that pad is going to be between 150-200M from 25RSDD001. So they can then effectively drill on the same 70 degree dip & whatever angle they drilled 25RSDD002 on (approx 230ish) for the next 150 -200M step-out.

While they get heritage surveys done so that they can build additional pads to the WestSouthWest of that one & a new row of pads 200M & 400M south of the line of pads in the pictures, but properly spacing them where possible this time round.

Drill Baby Drill

LOTM

Nuggs,

Is a former GGP investor (& possibly still is) but hasn't posted on LSE for 4 years.

News of Red Setter Dome must be spreading & lots trying to get in as cheap as possible before assay results start to come out.

LOTM

Casper786,

Likely forward plan of action will be to drill 25RSDD002 as deep as they can (while still in mineralisation) even if they have to get more drill rods shipped (driven by truck or whatever) to site so they can go to say 1200M if need be. Each extra meter gives them more data to work with.

I'm guessing extending hole 25RSDD001 as deep as they can after is the next task, again to get as much information as possible, to see if the "events" seen in hole 25RSDD002 actually extend as far as the first hole at deeper depth's since there not visible in the hole to date.

If you've only got the one rig & on double shifts I'm guessing the next thing you want to do after that in an ideal scenario is to drill another stepout to the southwest of 25RSDD002 from a new drill pad 400M southwest from the current pad on that same L1470 line. That's assuming there is room for that to be achieved before you run into the parallel NW-SE fault that exist within the dome.

You're then into either deepening 3A as originally planned to extend the north face of Dome mineralisation, or whether you want start moving southward to explore the length of the mineralisation, I'm not sure if the will risk 200M stepouts or just go with 100M ones (given at 1000M depth on 70 degree drilling they have already gone about 140M in that direction anyway, that risk is greatly reduced.

Oh how we need 2 rigs or more on double shifts

LOTM

Casper786,

The rig picture in the 11th August RNS is dated from 8th August, so very likely the others were sent around that time as well. Time to write the RNS & check the facts in it.

But your only moving the distance drilled from one time frame window to another the overall average still stays the same, they didn't just drill 77M in the 3 days between 18th & 21st August, that would have been 4 days worth at least.

Oh they need 2 rigs & have done for weeks as well as double shifts they are miles behind the curve. Chairman asleep at the wheel.

Heritage - is a big worry as well, I suspect they've not done the heritage surveys of the areas that they really ought to have done & because of it, it is going to compromise the drilling campaign as well.

There are a lot of things we the shareholders need urgent answers to & this BOD is sadly failing to deliver them.

Incompetent & complacent come to mind.

LOTM

Hi Casper786,

Your calculation are out because if you look at the photo's etc from the 11th August RNS they were dated from the 8th August.

They could now be on double shifts in which case progress will be a lot faster & it needs to be, we can't be taking 6 weeks plus to drill a single hole, that leaves you a sitting duck to an outside bidder.

Everyone is in pause mode waiting on the 1st set of assay results to get some baseline numbers to work from.

Most don't understand the significance of the hole 2 data to date, it will only become apparent to them later on.

And in the meantime instead of getting an investor presentation out there - which any savvy BOD would have done when they knew they had a mass of Investor Chronical readers researching the company a few weeks back, to explain the opportunity to them. The £200,000 a year Chairman is doing SFA, other than planning his next jolly at shareholders expense.

LOTM

Or for that matter they'll take 1M at 1.3230p

LOTM

Or I can sell 500K for 1.3230p instead so price does vary with size with Smart Investor.

LOTM

InTheCookyJar,

I guess the proof is in the quotes.

Barclays Smart Investor are a nightmare when it comes to corporate actions sadly, but on a trading front I do find there quotes very good for £6 a shot.

I can for example sell 1.5M WSBN right now for 1.3175p I don't know what other platforms would quote you for that size.

LOTM

Morning All,

A very strange day's trading so far, that's for sure, if it wasn't for all the bot trades they're wouldn't even be 30 trades thus far.

No pictures from Red Setter Dome since last wednesday 24th Sept (other than those in the 25th Sept RNS), so we have no idea if they are actually still drilling there at roughly 16M a day, nor do we know what the cores that have ( or are still coming out of it) look like.

We're all hoping for good news, but at the same time simply don't trust the BOD to keep us informed in a timely manner.

581M last thursday morning could mean we're now at roughly (8 x 16M = 128M) further on ie around 709M & if drilling continued over the next 3 days we'd be around the 750M by the time the LSE opens on Monday.

On the other hand mineralisation might have already ended at any point in the last 7 days as well & they've simply not bothered to tell us......

Is just like the graveyard scene from the Good, the Bad & the Ugly with the music playing & no-one knowing whether to buy sell or hold until they have more information to go on .............

Drill Baby Drill - that hole 2 (hopefully all weekend then some)

LOTM

If this is true & obviously its a big IF (although some say the poster has made some top calls... )

https://x.com/AIMTRADER4YOU/status/1973722095633977758

Wishbone Gold @redsetter

what am I hearing 😮 nothing less than spectacular. Question now is can this be colossal to #telfer

-----------

Then to be saying that would most likely (in my opinion) mean someone is seeing visible minerals in the recent 25RSDD002 cores, which minerals is obviously up for debate but AU &/or CU would be the most logical ones (if any) at being visible.

Clearly there are news leaks occurring.

LOTM

DL should not be making such comments end of story.

Probably trying to divert attention away from his buddy the Chairman & the rest of the WSBN BOD.

Even with the P&D on task, its barely moving & wouldn't surprise me in the slightest if it closed back around the 1.25p mark.

There credibility is shot to pieces now, only Factual RNS's are going to make a difference to the share price now.

And I still haven't sold any for the record

LOTM

News, you're again ask lots of questions, but don't want to express an opinion of your own.

So go & do some research then, if you don't know how its done, since its pretty obvious.

Its called voting, or in other instances giving those in gray suits the information required that will leave them with no option (due to corporate governance) but to put an ultimatum to the other board of director members especially the non-exec's.

A bit like politics, or the PM being told the cabinet is now against them. You build-up a group of like minded people who are all prepared to vote in a certain manner on a particular issue.

I'll leave it at that as its impossible to have a proper discussion with someone who doesn't want to express an opinion of there own.

LOTM

Bluetigeruk,

It all depends on the share structure of a company & how much of it is retail & how much of it, if any is institutional.

Just for the record, I've had directors of a public listed PLC removed previously, so I know the score.

LOTM