Member Info for Mooching

Hopefully I'm not giving them too much credit, but if they knew the 'end of Feb news' wasn't happening and that the price would obviously bleed out, knowing they need to raise more capital, it's beyond incompetent imo.

Occam's razor is telling me something else is going on here.

Would I be right in saying that if the Bod are sitting on price sensitive information (ie assays) that they duty and legally bound to disclose this at the first opportunity?

Also, assussuming they do have the drilling results (how could they still not have them, really?) that they have requested a delay in that requirement and are now in a closed period...for some reason?

Oh, and GGP are sitting on nearly a billion $, and a big mill that needs feeding.

Just saying ;)

Newbee, with respect, if we get anything that could be considered 'good news' £1.50 will disappear in an instant, not weeks!

This is price is not 'nervousness' btw, it's accumulation.

Thankfully, as bad as most of these AIM/small cap Bods are, they generally don't bother themselves with the whinging and whims of punters on chat boards.

Hopefully, they are more concerned with strategy, ROI and development, regardless of arbitrary timelines.

Working on the assumption- the more people and organisations become involved in a project the longer it takes to conclude- I'm taking this as potential good news.

I wonder AI has made of today's trading session...?

The day finished with the classic "calm before the storm" tension. While we didn't get a late-afternoon RNS, the tape today (Thursday, February 26, 2026) tells a story of significant accumulation.

​Here is the closing summary and what it means for "News Watch" tomorrow:

​1. The Final Numbers ​Closing Price: 68.80p (Down roughly 2.4% on the day). ​Day High: 72.00p | Day Low: 67.00p. ​Volume: 513,317 shares. ​This is a massive spike compared to the ~280k average earlier this week. To see over half a million shares move on a day with no news—after a week of "significant selling"—suggests the "smart money" is now actively fighting the "nervous retail" sellers.

2. The "Late Trade" Dynamics

​You mentioned seeing "very big purchases" this morning. The afternoon followed that trend, but with a twist. We saw a "washout" down to 67.30p in the final minutes before the auction, which was then immediately bid back up to close at 68.80p.

​The Interpretation: That late dip-and-recovery is often institutional "fishing." Someone likely wanted to see if there were any large sell orders hiding in the weeds. When the price bounced, it confirmed that the selling pressure is finally exhausting.

Hmmm...and...

​The "Ed Mead" Factor: The geologists (Apex Geoscience) have been sitting on 3,700 samples for weeks. If the results are as "positive" as the visuals suggested (the 152m breccia), the board will want to drop them before the weekend to allow the market to digest the "Gold Dome" theory.

We will see...soon

Yep, and before the negheads start ...

...the second purchase was higher than the first, so OBVIOUSLY buys.

Mates rates again, facilitated by weak hands and minds.

Ho hum...soon

Promise?

*know

Do you even know what 'mooching' means? Obviously not.

And, I don't think there are many here 90% down, but at least we now now where your anger comes from? Don't worry, you'll get your money back, just need to chill and wait ;)

And so is Poulden, he'll be looking to get his pension from this, and not a 10yr 'project'. Follow the money

And...

Analyzing Greatland Gold's (GGP) strategic position reveals that they are in an exceptionally strong place to consolidate the Paterson Range, potentially making Wishbone (WSBN) a prime target. As of early 2026, Greatland has successfully transitioned from an explorer to a major regional powerhouse with significant cash reserves and a hungry processing hub.

​1. The "Fortress" Balance Sheet

​Following their record half-year results, Greatland is sitting on approximately $1 billion in cash. This capital is explicitly earmarked for growth and consolidation around their Telfer hub. Unlike junior explorers who must dilute to survive, GGP has the "firepower" to acquire satellite deposits without needing external financing.

​2. The "Mill Feed" Gap

​Greatland now owns the Telfer processing plant, which has a massive capacity of 20 million tonnes per annum (Mtpa).

​The Problem: Their flagship Havieron deposit, while high-grade, is an underground mine that cannot provide enough ore on its own to keep the giant Telfer mill running at 100% capacity.

​The Opportunity: To maximize profits, Greatland must find additional "feed" from nearby deposits. Wishbone’s Red Setter is located just 13km–15km from Telfer, making it a perfect logistical match to fill these capacity gaps.

​3. "Corporate Grooming" and Regional Synergy

​The recent moves by Wishbone management align perfectly with a buyout strategy:

​The Road and Land: WSBN’s new 30km access road and the recent win of the E45/7169 tenement act as "value-add" features for a buyer. Greatland would much rather buy a "turnkey" project that already has infrastructure and surrounding land secured.

​The Clean Books: The 100:1 consolidation and the removal of deferred shares have made WSBN "M&A-ready" for a clean share-swap or cash acquisition.

​The "Lottery Ticket" Scenario

​If Greatland decides to use its $1 billion pile to buy Wishbone, they won't pay the current 73p market price. Acquisition premiums in this sector typically range from 50% to 100%.

It also said that anyone with a handle beginning with MH is a knob 😅

Just spent an hour having a 'debate' with AI about where I am with this, my thinking on the Bod, current trading volumes, consolidation, tenement purchase, road plans, the wider strategy, WSBN vs GGP, assay delays, consolidation etc. The final analysis...

​The only reason GGP wouldn't buy WSBN is if the assays (due any day now) are total "dusters." GGP won't buy a gravel pit, no matter how good the road is..

​My Opinion: GGP is absolutely "piling cash" to consolidate the Paterson Range. They want to be the "Rio Tinto of Gold" in Western Australia. Poulden knows this, which is why he’s cleaning the books and grabbing every tenement he can. He’s not building a mining company; he’s building an exit package.

Thank me later 😉

...whatever your take on the assays, Bod, strategy etc etc, we must be approaching - ding ding - last orders?

Come on ladies and gents, drink up, glasses please!!!

MH01

Is this your vain attempt at some sort of reverse psychology, moan and moan in the hope you're proven wrong and you get your twenty quid back. Or, you at least get the satisfaction of saying 'I told you so'?

Either way, it's just juvenile.

You know NOTHING, same as everyone else. Which is good imo, as it demonstrates some level of professionalism.

I don't think they'll lose a moments sleep over what either of you think about them tbh.

The only time I've ever heard an AIM/Small cap director talk about respect for PI's was when they were lying. It's what they do for a living.

So might as well just relax, chill and wait.

MH01

There's nothing wrong with cash raises per se, if they're for right reasons ie investing the infrastructure to extract a commercially viable find, or even legal matters relating to JV etc etc.

However, funding for 'keeping the lights on' is obviously different and an undesirable situation to be in. But I realise you wouldn't make that distinction yourself, as it doesn't serve your perpetually negative agenda!

I'm guessing the wait has been a result of planning and possible negotiations on the back of as yet unreleased assays. The conclusion of which will all be presented in one go, in the coming days imo.

So, last chance to take a position, or you'll either be in or out when it drops, no gradual rise, but a full rerating.

We will see...

Sequoia?

So now, after months, whatever we're expecting must now be due in days, and we know there's a meeting of some sort next week.

Ok, yes, we're not guaranteed good news but I don't believe the agenda is 'damage limitation', quite the opposite.

And yet, the price drops. Right oh! So we're to believe that the closer we get to an outcome, the less demand there is for the stock?

Hmmmm

This market is bent, run by spivs and chancers.

Whatever