Member Info for MisterPositive

Chuditch Farm Out update must be close.

Ongoing negotiations with number of parties.

Avtivity in the area also picking up steam.

With only 258m shares in issue.

Thats why this moves Up at lightning speed when on the go.

Similar set up here like GGP early days. Their big break came from Havieron world class discovery which saw price rocket from 2p to 38p in a year.

WSBN now fully cashed up and ready to go on both REDSETTER and Cottesloe. Next RNS could Zoom this higher into DOUBLE digits price very quickly in my opinion.

EEE drilling in same area at around £24m MCap

WSBN at only around £5m MCap is way too low with around £3m cash. Drilling to re-start.

RED SETTER

COTTESLOE

ANKETELL

WIshbobe II, IV and VI

Drill is 6 months away. Not happening next week.

500% rise is pretty good if you hung in all the way.

WSBN primed to take off sitting next to both GGP Havieron and Telfer 26m oz Gold deposits. Drilling on 2 projects ready to go. That would be another 500% candidate in my opinion having dropped from 18.5p a year ago.

IMHO, DYOR.

Abolishment of the new Cultural Heritage Act is very good news indeed.

That overhang should be gone which had dragged price lower over last 6-8 months. Things can be fast tracked now.

Fully cashed Up now. Drilling to start soon.

Next leg UP ready to go.

RedSetter (Telfer 2) coming up. Has got to be on NEWCREST watchlist.

Cottesloe also coming up. Same mineralisation as the 100Mt Nifty world class Copper deposit. Could be on watchlist of BHP. Watch this space.

Higher Highs....higher lows.

Zak Mir also confirmed 5p and 8p targets for AUG.

GLA

Most of us would have preferred Upfront traditional placing Vs this 24 month deal with Lanstead monthly funding tranch to be received based on some pre-calculated formula. Just creates bit of uncertainty.

Management missed a golden opportunity to raise funds soon after Eileen investment when price rose up to 0.28. They would have secured a bigger amount back then. Not impressed with Management overall. Anyway, we are where we are now.

Canadian investment for Bibemi, if i remember corectly has been delayed till end of Sep. So will need to wait and see when that concludes.

Cash balance at 31 Dec 2022 £1.56m

Cash raised last week £1.42m

Approx £3m cash (less whatever admin costs).

Current MCap £4.62m ???

at £6m MCap, Cash component £3m (50%)

at £8m MCap, Cash component (38%)

at £10m MCap, Cash component (30%)

As part of my research, i specifically look for very Undervalued explorers that have a High cash vs MCap component.

I expect strong price Re-rate here in August ahead of upcoming Drill programmes at both RedSetter and Cottesloe.

DYOR. GLA.

TimberTrader

Yes. Looks amazing. Huge upside ahead.

Even before Drilling starts at both RedSetter and Cottesloe, both of which look Worldclass with proven discoveries around us, this is currently trading at well below Net Asset value which as at 31 Dec 2022 was £6.533m and after adding the £1.42m cash would jump to c. £8m.

According to my calculations even after adding the 59m shares, total shares still only 258m.

Right now as it is, this is trading approx. 34% below Net Asset value.

Should be minimum 3.15p

Drill Programme covers both RedSetter and Cottesloe.

RedSetter being Telfer analogue is HUGE.

Just when you thought RedSetter was sexy...look at the Massive Upside for COTTESLOE. Why do you think Wishbone were quick to add Cottesloe East also to our acreage with 50 Blocks now.

"The Cottesloe Project contains a basinal syncline of the Broadhurst Formation which hosts the nearby Nifty world class copper deposit

· The tectonic setting and lithological package are similar to the Mt Isa Formation and other sites in Europe and Canada which have major deposits - this style of deposit contains significant proportions of the world's base metal resources".

Uktrader6

You are just a disruptor and p1ssed off now coz you did not get back in when you should have.

Keep waiting for your 1p then...

Uktrader6

Better close your SHORT position while you can.

"I said i would not average down till 1.00 or when they get first confirmed assays ."...uktrader.

First confirmed assays...see you at 15p then.

Negative Doommongers are on every board. New investors are needed to take things forward. Sorry to take over your turf uktrader.

I have been in stocks that have been very OVERSOLD and then 10 bagged despite the resident doommongers residing.

Market is forward looking and WSBN with circa £3m cash vs current low MCap is in prime position for a Huge rebound. Key is getting in early.

ResSetter being Telfer analogue is Huge.

Cottesloe and Cottesloe East is a large deposit.

Maiden drilling last year confirmed mineralisation on both deposits...Gold, Copper, Lead, Cobalt.

EEE also raised at 2.25p just in March and touched 5.10 last month.

Expect a rebound here soon.

Added some more at 2.20

Way OVERSOLD and below 2.40 placing price.

MCap £4m is way too low

Net Asset value £6.5m (as at 31 Dec 2022)

Uktrader.

Respectfully disagree with you. You have to do some sort of comparison with the peers.

Its all about research, future Outlook and bit of intuition and some luck added into the mix.

Seen far too many Company bashers. Nobody knew about GGP 10 years ago. Look at their last 5 year chart. Look at that price mountain.

Dec 2019.....2 pence

Dec 2020......36.90 pence

There were far too many Gervais Heddle bashers with all kind of ridiculous abuse thrown. Suddenly after Havieron discovery Gervais goes from Zero to HERO !!!!

After Havieron discovery and NEWCREST coming on board MCap touched £1.4 Billion (pounds) as they fast tracked drilling Havieron. GGP now has over 5.13 Billion shares in issue.

RedSetter is in Prime location near both HAVIERON and TELFER gold deposits.

WSBN only has 258m shares (once 59m added).

Biggest Price appreciation comes during Exploration / Discovery phase of the Life cycle.

4.50p hit towards end of July was just a warm Up preview of how fast this moves when on the go.

Soon as RedSetter drilling start date gets announced, this will do +200% rise in a matter of fews days of RNS announcement when it lands.

Any day now.

We at the lows. Canadian investment is on.

In parallel if we get JV partner for Cameroon, that one single RNS will turn things around in a flash with a HUGE re-rate here.

We wont need Lanstead deal. Can be cancelled as JV partner would come in and do all the heavy lifting.

Slowly slowly.

Excellent post. Agree with the explanation.

Added more yesterday. Few obvious reasons:

Bibemi on course to Multi-million oz deposit

Eastern Cameroon licence looking strong also

Eileen has invested £195,000

Senala JORC resource to grow with further drilling to start by Managem (ORR on free carry)

JV partner talks ongoing.

MCap only £3.5m ???

Massive Upside from here onwards.

Farm Out / JV is a huge price catalyst.

Who knows Farm Out deal might turn into full Buy Out Offer...if "The Price is Right" 🙂

Lot of scenarios on the table.

Like the Analyst price target 0.45

0.45 would be a good start.