Member Info for LOTM-13

Dartmoorbliss,

The B shares are effectively there for accounting purposes only, they have zero value & won't show up in your broker account etc.

If the consolidation goes ahead, you will have 1 new WSBN share for every 100 WSBN shares you currently own.

In theory on the day the consolidation occurs the share price should increase 100 times from what it was the previous evening, ie it should currently change from 0.80 - 0.82p as the quote to £0.80 - £0.82 but in practice never does, its extremely likely that without an operations update on the day of the consolidation taking place, that the share price will not only finish lower by the close of business that day, its quite likely to be down around 10% that day.

I hope that helps?

I'm hoping the consolidation doesn't happen.

LOTM

Perhaps we should have a dissident shareholders voter list ?

Please do not add your name or shareholding to the list unless you have actually voted.

Lets see just how strong or otherwise the actual voting list of Dissident Shareholders is, please copy & paste the list into your reply & add your name & shareholding to it.

LOTM-13 shareholding 2M (with Barclays) voted against resolutions 3A & 3B for the AGM & voted against ALL EGM resolutions.

Total votes against = 2M

LOTM

Well Cando66,

Your 26M+ shares will cancel out over 10% of the BOD's head start on ordinary shareholders voting wise, my 2M will cut that lead a little further.

If dissident shareholders can get to around 400M votes against then there is a good chance of stopping the BOD's plan & also of removing the 2 directors up for re-election.

Get voting everyone.

LOTM

British_Mike,

I should have added it will take about 5 mins to do over the phone once your through the security questions etc.

They take all the details & then put you on hold for roughly 5 mins while they do all the paperwork then they'll come back & confirm everything back to you.

Its easy to do.

LOTM

British_Mike,

Don't email Barclays, (I'm with them) you need to phone up select option 3 of the menu (corporate actions) & tell them you want to vote at the AGM & EGM of Wishbone Gold on 28th November. Tell them exactly how you want to vote ( I told them to vote against resolutions 3A & 3B at the AGM & to vote against all resolutions for the EGM) & to do it on all of your combined account holdings ie ISA & normal dealing account.

They will still be able to do it for you in time I'm sure of it, just tell them its important that your vote is done in time :)

LOTM

Freddie2,

There are no big players in WSBN, there are no insto's with more than 3% of the company otherwise they would be listed on the share register.

WSBN's large shareholdings are all broker nominee's - who hold for PI's.

The BOD can count on there own holdings & that of Ed Mead who is not a main board director, giving them 250M votes in total, (except resolution 3A where the chairman will only have 150M votes in his favour).

If dissident shareholders can muster more votes than those numbers then the BOD are in trouble as they will need to find a way of motivating other shareholders to vote in favour of the proposals. Which is pretty hard to do when you don't provide them with any good news & a falling share price.

Get voting against the BOD the more that do it the more pressure is applied & quite frankly its time for change at WSBN.

LOTM

An RNS with nothing new in it, reminding the market of what it didn't like previously !!!

Just how stupid & desperate this BOD is.

4 RNS's in a row now have sent the share price south at a rate of knots ...........

Vote them out.

LOTM

Oh & I forgot to add, what happened to all the Tier 1 talk that was coming from those close to the company.

If you've got anything remotely resembling a Tier 1 project (& I hope it turns out that we do) then you should be able to produce a Presentation as to why you believe that to be the case, not just band a few words together without any evidence to back up using those words in the first place.

LOTM

Another wasted RNS, nothing new in it, doesn't in anyway say they are wanting to do the share consolidation so that they can list on another exchange as well, as some shareholders have suggested in defence of the company.

There time would have been far better spent, providing a detailed presentation to their shareholders. One that explains where the Red Setter Dome is, where the 6 Haverion's are meant to fit in. If the dolomite they are chasing has the mineralisation vertical in nature or more like horizontal sheets ? a question that is yet to be answered by the company in what 3 years now.

Provide answers now WSBN instead of hiding away & refusing to answer or inform shareholders.

As I've said everyone needs to get voting right now & if you don't cast your vote then you can have no complaints whatsoever if the outcome you don't want is reached, simply because you failed to vote.

LOTM

They already have the assay results they are "assess" ing the data before they publish there findings, that's what last weeks reach notice told us.

They should have been required by the NOMAD to release the assay results as soon as they received them & not allow the chairman to withhold the data until he decides when to release it, by which time who knows who might have leaked it by accident or otherwise.

LOTM

Cando66,

They have no intension of giving us any update, we haven't had pictures on X in 12 days now ..............

That is roughly 360M of DD & I doubt they were intending drilling 200M of DD in hole 4, meaning the DD rig has moved elsewhere & just like everything else with WSBN the shareholders are the last to know what the actual forward drilling plan is or why!

You own nearly 1% of the company have you called the communications guy & made your views known to them to pass onto the BOD ?

Because this lot are just taking the mickey & think there 250M shares voted is enough to get them over the line, well if shareholders actually get off there butt's & vote against the resolutions, then the BOD could well be in for a rude awakening.

We need an industry person leading the company not RP

LOTM

Cebo-456,

You need to get your vote in long before deadline date.

If you're with a nominee broker you need to give them your instructions on how to vote well in advance, Barclays for example need 5 business days notice at least (prior to the date of the meeting) to ensure you're votes are submitted on time etc.

So please get voting ASAP & that message goes out to everyone else who hasn't voted yet as well.

LOTM

Well Casper786, if the WSBN BOD managed to come up with a coherent Presentation over the weekend, detailing all the drilling that's taken place, whether we did indeed hit a Breccia Pipe ( or why it was down graded on further examination to something else), why hole 25RSDD002 ended up so far off target over a length of 550M, Where the 6 Haverions are meant to fit it, the Dome relative to the Dolomite etc & educate shareholders & investors properly, something that's been missing since early August or even earlier to be quite frank, then things might start to move in a positive direction.

In the meantime, I still retain my 2M plus shares & I'm now down something like 33% on my investment - which isn't a great feeling at all, I've held on to my shareholding not due to the WSBN BOD, but because of what Expect Geo have said & Core Drilling also about Red Setter Dome.

It's certainly a risk that's for sure & I hope neither of Expect Geo & Core Drilling have been duped by WSBN having put there reputations on the line with there comments to date on Red Setter Dome.

Hopefully everyone is making a effort to vote, because if you don't vote then you have no excuse if things don't turn out the way you want them, placing's occurring at massive discounts & you can't participate because you gave away your pre-emptive rights etc. Or been consolidated 100 to 1 when you didn't want that & know it will reduce liquidity in the shares.

LOTM

Ak247,

I already posted my reply to you, I haven't sold any shares since my 50,000 sale on 3rd November. I hold over 2M shares.

As for the depth of the holes being shallow as for the reason they've been assayed quicker is just totally unbelievable, or the number of holes drilled Spartac.

You submit the material to be assayed it doesn't make any difference to the lab if its from surface to 5M or from 1000M to 1005M, your request is for them to assay a 5M interval.

LOTM

DL said a week ago that he expected assay results back from one of his projects on Friday 14th Nov & bingo they've landed.

https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-03023093-6A1297047&v=undefined

Drilling campaign only started in September !

1,350M of RC results.

WSBN have the 25RSDD001 assay results they just refuse to issue them in an RNS or provide a Presentation or drilling plan

LOTM

Boromad,

I can't fully answer that question, as I don't know the answer as to whether it is the same provider or not.

But given the "cores were expedited" & Lodestar (ASX:LSR) managed to get the cores assayed not once but twice inside the WSBN timeline says it all, as does the wording of the RNS .

LOTM

"Wishbone continues to work closely with Core Drilling Services and ALS Laboratories in Perth to assess the samples recently collected from holes 1, 2 and 3 at Red Setter and findings will be announced in due course."

Note they didn't say they would announce the assay results of these holes - no they said they'd announce there "findings"

Findings which will be based on their "assess the samples" which basically means assess the assay results, interpret them & then issue their findings on those results.

LOTM

This has clearly got lost in all of today's posts.........................

"Everyone keeps trying to fit the WSBN narrative to the assay timeline to give them (WSBN) the benefit of the doubt, I've been looking around now & again to try & find any companies working in Western Australia who would have submitted cores to the assay labs around the time WSBN did & got there assay results back.

Today I finally found one !

Now the only difference with this company is that they were doing RC drilling & not DD & they only did 1000M well 954M as it turned out in their 4 holes.

I'm posting the links to 3 of there ASX announcements for you all to view.

The 1st shows they were about to start the drill program in a few days time - that was issued on 3rd Sept - which was after we saw the pictures of the 25RSDD001 cores already at ASL with all the geologists looking at them.

https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02988493-6A1281802&v=undefined

The other company Lodestar (ASX:LSR) probably started drilling around 6th Sept & if you give them 10 days of drilling and another couple of days to move the rig to the 3 other drill locations (4 hole total) & maybe another couple of days minimum to send the material to the labs - that would indicate assay's possibly starting around 20th Sept.

https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-03008196-6A1290244&v=undefined

On the 15th October they published assay results from 3 of the holes (hole 8 as they called it seems to have found nothing of note at all) & were re-submitting some for further assay, they then published the full assay results for the 3 holes on 13th November.

https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-03022337-6A1296755&v=undefined

Need I say any more ?

Everyone can clearly see the time lines & outcomes & compare that to what's happened with WSBN.

Given the data its extremely hard now to argue that WSBN doesn't have the assay results for hole 25RSDD001 & that they are refusing to provide them to there shareholders in a timely manner - As we all know RP has history for not issuing assay results as soon as they are received.

Its time things changed at WSBN, new directors are now required - no technical director on the BB & no women either, just an old boys club by the looks of it.

LOTM"

Spartac,

Basic ASX compliance what a load of rubbish that is.

Having a share price at or above A$0.20 cents a share is the requirement, or around what is 10p a share in the UK. If they were intending to list on the ASX it would have said so as one of the reasons behind doing the consolidation. It didn't & that would have required a 10 for 1 not 100 for 1 consolidation.

They don't have a drill plan, the plan in June was to extend 2 holes 001 & 003A from 2023, they hadn't even got to 570M on hole 001 before they started to change the plan. Yet at the same time Expert Geo's model was supposed to be correct !

I understood the reason for drilling the 2nd hole, until it magically ended up 200M away from the 1st hole, an error of between 166% & 300% on where it was meant to be after just 550M of drilling. No explanation whatsoever given as to how this occurred. Instead of then going & doing the 3A extension or deepening the 1st hole, they take the DD rig & start to drill from surface less than 5 days before the RC rig arrives to do that task - (drill surface collars) wasting shareholder money.

No they didn't have 3 years of inaction, instead of following Expect Geo in 2023 & drilling into the Dome itself, they decided to drill collars instead, all 6 of them plus the side-track off 003. Turns out that was a right waste of money as only 001 & 003A seem to be headed in the right direction. If they'd just drilled 001 back then that other 250M well WSBN shareholders back then (& I wasn't one of them - just for the record) then they would have found what they found in August 2025 & the project would have been a lot further on.

They didn't raise any funds in 2024 & wanted to do a reverse takeover at the start of 2025 only when it fell through did they decide to go back to drilling Red Setter, hardly a ringing endorsement of the BOD faith in the projects potential was it ?

They've never shown us where the 6 x Haverions are meant to fit into this model of there's. No presentation's just a few core pictures

They are just desperately trying to find a few high grade intervals (5g/t or so) in the hope it saves RP's job.

LOTM

Ak247,

For the record I have not sold out, I sold 50,000 shares on 3rd Nov as I needed some money for something & haven't sold any since then I have over 2M.

I just say it how I see it end of story - good or bad.

Now you've got a holding again I hope you fill in the voting forms accordingly & I hope everyone else does the same.

RP etc need to go end of story, problem is they have a 250M share head start on us & everyone needs to contribute to close that gap & then pass them by to get someone else in instead, hopefully someone with a good reputation & a proper mining exploration/development background.

LOTM