Member Info for MisterPositive

They started additional heritage survey 4 months ago as per 4 April 2023 RNS.

£1.42m Funding now confirmed which was 42% oversubscribed by the way vs £1m intended.

Cash balance at 31 Dec 2022 was around £1.47m

So they got plenty CASH to go after both: Cottesloe and RedSetter with Major discoveries all around them in the prime HOT SPOT Patterson Province, Pilbara, Western Australia.

Fine you got the placement now. No more uncertainty and speculation on that front now.

They drilling both RedSetter and Cottesloe both surrounded by Major discoveries around them.

RedSetter redefined geologist confirmation of Telfer Dome at REDSETTER is alone a huge endorsement with NewCrest looking over our shoulder. GGPs Haverion next door also.

Adding more to get to my target holding here.

UPL risen 80% since yesterday on North Sea news and BOIL with our 'Dunrobin' asset has lagged way behind.

Expect BOIL to play catch up. MCap is crazy low.

Buy the Dip. News should be here soon.

Do not be the one caught with pants down😁

Coz when RNS lands you will not be able to buy any decent QTY. Not parting with my shares.

We are moving into a higher bracket. RSI looks very good and ready for next move Up.

Can see some folks still banging on about placing?

Looks like they did not even bother going through the full year accounts RNS just 4 weeks ago where Management stated we are FULLY funded for next 12 months including exploration work programme for this year.

"TrueSpine" is potential Blockbuster on its own.

Yes. We all down from few years ago.

But think with a cool head. Just a few star performance Investments can Outperform the rest. If VELA was to sell all their investments valued at around £6.2m then Cash received would be way higher than current £3m MCap.

The £4m to be received once Conduit is NASDAQ listed would be on top.

Totally Shocked MCap is only around £3m ???

Total value of VELA investment stakes is £6.2m

MCap should be DOUBLE the current level.

£4m to be received once Conduit is NASAQ listed would be on top, taking Value close to £10m

SIGNIFICANTLY UNDERVALUED in my view.

Revisited share price peaks over last 3 years.

Dec 2020 @ 17p

June 2021 @ 19p

Aug 2022 @ 15.50

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.