Member Info for ManxKippers

Oil racing up!

Agony and ecstasy

Sit together in perfect harmony

Side by side on this board

Of Wishbone, waiting, patiently!!

🎶 🎵

But.........and interestingly.

Rincon has signed a great farmout deal with Greatland in December 2025 on this 200 km2 tenement. Details as follows:

Greatland can earn a further 19% by spending and additional $2.0m and can

increase its interest to 75% by sole funding to a decision to mine.

They announce this very big and whopping news.

The sp sits at AU$0.16 with a market cap of just over AU$4.5 million - or £2.25 million.

What is going on here???

If those Assay Results are to be RNS'd in February, then tomorrow is realistically the last normal day to do so. This assumes that dropping an RNS on a Friday is not an ideal day, whilst that is obviously still possible.

For me it is tomorrow or more likely next week.

A bit of a gamble here.

Hype and inferred magnitude with leaked or dropped innuendo will or won't deliver.

Anything average will be badly received. An RNS without a first stab announcement of an MRE will also be badly received.

An MRE with a well formed JV discussion with an MoU would be a total rerate RNS.

Off to the races. Has the horse been trained enough or is there more work needed on the gallops?

We will see any day now.

145K holding.

Ready for the off!

With a good JV covering all funding requirements as DL found for Riversgold/ORCP, none!

Well, GGT, we will see what happens here.

The BOD flying to Australia. A 30km road being applied for " to make life easier for future test drilling"??? The assay results being dropped no doubt with a first stab of an MRE estimate.

The market will be shocked by the wsbn results. Another Telfer suggested by RP. Gold comfortably above $5k per ounce.

This feels much more advanced conceptually than just building up the MRE's and needing many years of funding.

We will see if I have read the room right here or not. But this feels big to me.

Oh. And let's build a 30km road just for the fun of it so we can continue our test drill holes.....

As of that were the real reason...! A large JV full throttle fast track plan to expedite the Red Setter mine feels far more likely to me!

None of us quite know what the cash buy in would be from the FO deal. If $5 million or do, then I agree that 10p is a bit rich. But a $20 million payment with a 35% give away of revenue would deliver something quite spectacular.

It is only speculation guesses. But the big dominoes are about to start dropping into place, with luck. We will see soon enough...

FO deal on block XX with several millions in cash to MATD as a part of the deal - 10p per share.

Block V11 FO deal, probably another 5p per share.

Sunsteppe gently succeeding on a few projects, another 5 p per share.

Block XX adding 6 wells in 2026, adding 5p per share.

Total at year end of possibly 25p per share.

Wild guess or accurate?? We will see. But IMO, 2026 is the year of real progress making MATD into a very lucrative and proper business.

Interestingly.......no AGM announced yet.

Are we due some more positive news very shortly before the AGM notice is issued??

Sp prediction for today, anybody?

I agree Abzzba.

That price should easily be achieved within the next 30 months.

SWAT77 - perfectly outlined and I totally agree.

End of next week or first week of March

Indeed justcause.

On addition, with a bit of bouble entendra, a catalyst could also be potential interest in the Wishbone Red Setter by other major players with the market interest being subsequent offers.of purchase or jv.

All of which knocks onto your correct comments.

It's an exciting and excellent moment. From the posts and leaks, this feels a 99.9% good news that will "...shock the market" and the likelihood of bad news is almost inconceivable IMO.

Greatland interested in Wishbone perhaps.........???

Yes, JJNorton. Words like "and as we had hoped for and expected.." would have been an extra reassurance.

I take heart in that random post 3 or 4 months ago, stating that Wishbone will "shock the market" or words to that effect, with what they have struck.

Coupled with the RNS addition from the other company about Wishbones proven findings.

I believe this is still going big. Very big...!

We will see.

I was interested to learn that the top end of production of a beam oil pump rate (nodding donkey) was 250 bpd.

Therefore, it is fair to assume a rate of 200 bpd in a realistic world. Once the natural flow rate pressure subsides, 200 bpd is a fair expectation to be extracted at the start of a wells working life.

They have the results already, I am sure.

DL (consultant and landed in Australia a week ago posting he is there for Wishbone Gold work among other work!) and EM will be working on the presentation document and calculating the size of the deposits for future extraction.

Once all done, supported and verified with quantum of potential oz's of gold in the ground, they will release this data to us all.

I expect this to be next week or the week after at worst.

We are almost there now....