The latest Investing Matters Podcast episode with London Stock Exchange Group's Chris Mayo has just been released. Listen here.
Vape
You are way off with your scaremongering.
As per Company Accounts for 31 Dec 2022 announced on 29 June 2023, they are fully funded for the next 12 months with Full exploration drill programme and spending commitment of £460k
Cottesloe drill programme is being Co-funded 50% by Govt of Western Australia with A$220k.
(Which in itself is a HUGE endorsement).
These Grants are issued twice annually. Wishbone could get another Govt grant of A$220K.
Cash Balance is strong circa. £1.6m - £1.7m
True. Past performance no guarantee for future performance. My previous post should have been worded as ....'last few years peaks' ....
My humble apologies.
Future Outlook and activity drives future performance.
This share seems to fly in summer. Below is last few years trend.
3 Aug 2018.........22.5 pence
11 June 2021.....19 pence
19 Aug 2022.......15.5 pence
Aug 2023.............?
Gold Futures today crossed above $2,000/ oz
Right place at the Right time...comes to mind.
We still 25% lower from 4.50 pence touched earlier this week. Rise came from all time lows as lot of folks went rainbow chasing elsewhere 6 months ago.
Drilling season about to commence and many folks starting to build their positions. Still long way to go to catch up with last Aug 15.5p high.
With only 199m total shares, this is different beast altogether. Free float is even less if you remove all the shares in sticky hands.
That was about 4 months ago.
We should soon get RNS to confirm everything on track. Drilling season to start.
We also got support of Western Australia Govt who recently gave the company A$220,000 Govt grant which further adds to £1.7m cash balance.
What heritage survey ?????
They are all good to go with £1.7m CASH balance
They already done initial drilling at RedSetter last year with wide spaced holes each of which had Gold mineralisation.
Geologist reports have now confirmed similar style GOLD mineralisation at RedSetter same as the 23m oz Telfer gold deposit next door. This drilling campaign is going to be more detailed and testing entire Mineralisation strike length.
WSBN worth a look while we waiting for LEO clarification.
IMHO, DYOR
Dont forget RED SETTER sits closely to both TELFER deposit and GGP's Havieron deposit.
Exciting times ahead.
Skippy
They got £1.7m cash.
Plus Western Australia Govt grant of $220k for Cottesloe.
Lukaso
Seems that way. Someone been hoovering all shares here. Only 200m shares in issue.
Thats why MMs run out of stock quickly and have to spook a few to sell, otherwise they canot fill those Buy orders.
We may get a TR-1 notification next week as to who has been accumulating shares.
Skippy.
They said Q3 this year. Read past RNSs.
We already in Q3 and enter Aug next Tuesday.
We had grades upto 6.4 g/t from last years wide spaced drilling and a long strike length. We targeting more focused drilling this year along entire strike length. They found Gold mineralisation in every hole they drilled last year.
Recent Geologist reports also confirmed RedSetter as having similar Gold mineralisation style as the 23m oz TELFER deposit next door.
I just want to know how large is RED SETTER and so would NewCrest as they need to replace Telfer which has reached End of Mine life.
Drilling is imminent mate.
Expect RNS any day now.
Wishbone Gold sitting on prime real estate HOT SPOT in the Patterson area West Australia surrounded by Big Majors.
£6m MCap does not reflect true value vs Peers.
£1.7m CASH and drilling to re-start at Red Setter MCap should be circa 2-3 times of current £6m.
Drop from 18.5p last year well overdone. This is trading at a significant Discount vs EEE drilling in the same area with £23m MCap.
Yep. Tree shake was expected. Wonder how many fell for that.
MMs had to collect shares from somebody coz they dont have much stock. That's why you cannot get a Buy Quote many times.
Took advantage to add few more.
Should re-test 4.50 soon.
Still difficult to buy. Keeps going to NT.
Someone been hoovering all the shares.
NEWCREST will be closely watching drilling programme at Red Setter.
Even the slightest sniff from NEWCREST and this will break past last years 18.5p
Steve.
Dont worry you will get your 9.5p and then some
Zak Mir target 8p
On current momentum.
Someone hoovering up all shares here Big time.
No stock left. Been trying for over 10 mins now and still not getting a BUY quote.
Should be back above 4p soon and still be ridiculously cheap.
Cannot Buy any QTY at all.