Member Info for NettlesTheCat

"Why is the sp on its slump again with all this good news??"

I've answered that previously; SP will boost when revenue from the 95% trickles through to balance sheet and is shown on quarterly results. Share is too small to have the dramatic raises you expect from the good news.

Great news - continued upward movement here as long as the transport is unhindered.

Safe travels Spod! 👍

Oh, I see. Yes, fair point. I may have mentioned I was a LTH (still am) of RR from 97p average to current £11+ but I feel no desire (obviously) to keep on investing there, and I feel ALL mining (particularly in Africa) have the same increase to come for the next five years so my pawtfolio (I'm a cat let that one go!😂) is mostly mining with a few bonuses in the pharmaceuticals like IMM that is also going to do [more] crazy things in the months ahead.

I've no desire to change that approach regardless of news to the contrary.

"re-calibrate PROXIES isnt it? "

More information needed on that one NEWS? What do you mean?

"Glad you agree although I must say your figure is very conservative"

It certainly is my friend - I'm just talking about a figure I set as my goal. I have 8 years left before I take anything (all is SIPP bound) but I'll be slicing at 24p to get my fund ready for when I'm 58. Personal approach, but I also have 26 others shares, mostly all in mining, so I'm no longer concerned about the final value, more the interim valuation that I can crystallise.

" think Ed Mead, is wanting to chase that 7M width especially towards surface in part to answer your question."

Absolutely. Makes logical sense. Timescales is the next question. I totally understand the desire for the assay results to be verified (personal feelings are the assay of hole 2 will show true value of potential) but I'll put my neck on the line and say pre Christmas we'll see third party interest with the value of SP getting toward the 10p figure. Post 2025, with the dome and third party on board, we'll get to Greatland value - but 24p is good enough for me.

"So, to me WSBN is now a proxy isnt it?"

Yes. Again, fully agree with that. It's essentially whatever anyone what's to pay for it based on the BOD of WSBN finding the most attractive 'partner'.

My 24p goal (750m Mcap or thereabouts) maybe a very conservative figure.

Good to see it's not headline news at the moment though, so lots of opportunities for added investments for retailers like you and I.

I've maxed out of current funds but I'm very happy with the 0.39 average - 24p will get me over £300k which is all I need.

I agree NEWS, hence me saying "I don't think it's a basic as a suggested third party offering money to partake at the current SP. - I feel an overvalue will be forthcoming".

24p here we come!

...SP being 24p if that happens if anyone hasn't worked it out.

I think "I believe the reason for that is that they want to prove up as much of the Red Setter Dome find as they possibly can before someone comes along with a takeover offer or joint venture offer." is the most interesting point to discuss right now.

Are WSBN happy to proceed without a third party? I don't think so, and I agree that maximising the SP before a third party partnership is absolutely relevant to what the SP could be in a few months.

That said, I don't think it's a basic as a suggested third party offering money to partake at the current SP. - I feel an overvalue will be forthcoming, but maybe not as much as we all hope the final drill of the dome will deliver, therefore this is down to BOD awareness of true value and what the third party can offer in funds/mining assistance.

Basic maths suggest for every 100m invested from a third party should equate to about 17% of the business as it stands (giving WSBN a realistic MCap of around 750m at this stage).

I could be wrong but those are my figures, and I'm sticking to it.

"Why is it disgraceful? He’s a great geologist but useless at driving the SP."

Stick to day trading. Leave the investments to the adults.

Because it's a gem that I'm happy to be involved in with only 500 trades a day. I've been there and done that with other shares that aren't yet on the radar.

Maybe you get involved in shares once they have become an industry standard to invest, at a much higher price.

I'm guessing you are day trading, which is fine, but not something you will earn money from unless you are very lucky.

Go long term, invest in a gem, and see the benefits in a few years.

Why do I even reply to these disgraceful posts? Anyway, nothing at all to do with Bernard (remember if you held years ago, he instigated everything you sill soon benefit from, pre drill).

It's a matter of next results showing the export at 95% at ship from Hainan, then a few more months to see a really nice set of accounts.

If you can't wait, get out. If you can wait, then good for you.

remember these posts at 1.18 when people start buying at £5 a share. i've seen it happen with other stocks. don't be ****y, just acknowledge you have a good thing.

It's actuallyy very easy to rid of the chaff (fodder) that you talk about. Mentioning them in every post doesn't help.

Silly post decent info about IMM and allow those who want to comment with informed knowledge to do so.

Such is life, there are always idiots, who although are allowed free speech, relegate themselves to the sidelines if nobody talks about them.

Simples.

If it helps, I've been here a while and my predictions/thoughts have been battered all along the way, but I'm still here.

Set goals, do what's good for you and ignore that chaff (or fodder as I call it).

Hell, I called RR to be £7 come Feb 2025 back in 2020 when it was 34p rights issue, and I got through all the chaff all up to the point I was proved correct (not saying for one second I had a crystal ball) but it went down on the RR forum as being the call of the century.

Most on here know no better than you so plough on, and do what you think your gut suggests, it works in the end.

Thank you again Oneortwo. So many got out at RR in the mid term (£3.50) although I aimed for that £7 goal that I forecast and happened in Feb 2025 (luck rather than knowledge? I haven't a crystal ball so there be the answer! 😂)

And best of luck to you my friend - having reached that £7 goal (now £11 in RR), my new goal was to keep RR but invest everything else into mining (Feb this year), and it's paid off so far (100% up in 6 months).

Let's hope that continues for all of us buddy.

Totally agree NEWS. As ever, just putting all the crap on the table so it can all hopefully be dismissed in the coming weeks, but it's always essential to view all negatives as well as the positives - that's all I'm airing.

Oneortwo, yes sir - I'd like to say it was my own work, but a subscriber to the Nettles blog and long time investor of RR sent me an nice email a few months ago to let me know what he was doing here and it looked too good to be true.

Got in at with three purchases averaging 0.39 and it looks like a bomb just waiting to go off to me.

Good to see you here too!

Long term, I still feel it's a ridiculous MCap currently and any LTH will benefit from it.

Certainly not a sell too early share.