Member Info for Nomadme

A lot going on in background waiting for ONE BIG RNS !!!

Overall Outlook:

Sentiment leans towards speculative optimism due to exploration success,

As I see it, Analysts will want tangible results from drilling to validate.

with all that’s going on this is very much a "watch-and-wait" situation become more and more positive. Anyone who has lived in the real world and not behind a keyboard and screen will understand the dynamics here?

Why the Reaction is Likely to be Significant

Dual Positive Signals: An RTO allows a private company to go public more quickly and less expensively than through an Initial Public Offering (IPO), offering a faster path to market access. Positive assay results (common in the mining/resources sector, where RTOs are frequent) provide evidence of strong underlying asset value and future potential. The synergy of these two major positive announcements amplifies the overall good news.

Increased Investor Attention: The dual announcements would likely attract significant investor attention, especially from those who seek to capitalize on momentum. High attention often leads to higher trading volume and immediate stock price movement.

Rapid Price Adjustment: According to the efficient market hypothesis, stock prices rapidly incorporate new information. Two major, non-public events disclosed at once would lead to a swift and potentially sharp price adjustment to reflect the new, more positive valuation of the merged entity.

Re-rating Potential: The RTO fundamentally changes the nature and potential of the listed entity, while the assay results de-risk the primary business (resource potential). This combination can justify a significant re-rating of the stock price as investors recalibrate their expectations for future growth and profitability.

Rationale for Share Consolidation in an RTO Context:

Share consolidation, or a reverse stock split, reduces the total number of outstanding shares while proportionally increasing the price per share. This action is often seen as a necessary step for several reasons in the context of an RTO:

Improved Market Perception: A very low share price (penny stock) can attract speculative trading and may be associated with increased volatility or financial distress. A higher price per share can enhance the company's image and attract a broader base of institutional investors who may have restrictions on investing in low-priced stocks.

Enhanced Practicality and Management: A smaller, more manageable number of shares simplifies administrative processes, including the mechanics of the RTO itself, which often involves issuing new shares to the target company's shareholders.

Increased Liquidity: Consolidation can sometimes improve liquidity by reducing the bid-ask spread and encouraging larger trades, making the stock more attractive for inclusion in indices.

Meeting Exchange Requirements: Stock exchanges often have minimum share price requirements for listing. A consolidation helps ensure the combined entity meets these criteria, especially if the RTO involves moving to a different or higher-tier market.

Wishbone Gold's Recent Activity

Wishbone Gold has been actively engaged in strategic corporate maneuvers throughout 2025.

Potential RTO: In January 2025, the company announced a potential reverse takeover with EGNR, which would have seen EGNR shareholders own 70% of the combined entity. This transaction was later terminated, and the company's focus shifted to its Red Setter project in Western Australia.

Share Consolidation: In November 2025, Wishbone Gold announced a capital reorganization, including the share consolidation and subdivision, to streamline its share structure. This resulted in 30,225,865 new ordinary shares, a significant reduction from the over 3 billion shares previously in issue.

Exploration Progress: The company has also secured funding and accelerated drilling at its Red Setter project, which has shown promising gold and copper mineralization, driving significant share price volatility and investor interest independent of a potential RTO.

👍

Good bit of Research Big

Reminded me of a course that I went on when still working. And Made me ponder on lack of replies to everybody's (including mine) emails. Their current situation bearing in mind bigs research is very data sensitive.

And the possibility that answers to all could collated from all enquirers could become ‘ data harvested’ and then a ‘data aggregate’ developed into a more predictable ‘data profile’ of what may be happening hence the silence. This a very much a laymen’s observation of this, but enough to say that I’m sure Big things are happening in the background. Hence the current silence I’m sure Leni gas as been told to shut up about his tweets.

No doubt there is someone out there who can explain somewhat better.

GLG2:

It’s very interesting and reassuring when one research’s properly😌

Wishbone Gold has not yet released the assay results for samples from the recent drilling, including hole 1, because the samples are still undergoing the assessment process at a third-party laboratory.

The company has indicated that the results will be announced to the market in due course once they are available.

Reasons for the delay

Laboratory Processing Time: The core samples from holes 1, 2, and 3 have been sent to ALS Laboratories in Perth for cutting, sample preparation, and assaying. Assaying is a complex, multi-stage process that takes time to ensure accuracy.

Systematic Approach: The company is managing a large exploration program at the Red Setter project, which involves multiple drill holes (now focusing on hole 4) and various geophysical targets. This systematic approach to exploration, while thorough, naturally extends the time before final results for individual holes are ready for release.

Coordination with Contractors: Wishbone Gold is working closely with Core Drilling Services and ALS Laboratories to assess all the collected samples. Coordination between multiple parties can affect the timeline for results.

Focus on Other Activities: While awaiting assay results for the first few holes, the company has continued with other drilling activities (e.g., at holes 3 and 4, and using an RC rig for shallower targets) to expedite the overall exploration of the project.

Market Speculation

Some market speculation has occurred regarding the delay, including the possibility that the initial results were disappointing, but this is unsubstantiated by official company statements. The company is required by law to inform the market of any news that may affect the share price, positive or negative. Official announcements consistently state that results will be released "when available".

In essence, the delay is primarily attributed to the standard procedures and logistical timelines involved in processing drill core samples at an independent laboratory.

GGP has 672.91m shares

WSBN 30 + M. Shares

perspective is important when comparing🧐🤔

Is someone trying to accumulate in the background?

Thoughts?

Opportunities come infrequently. When it rains gold, put out the bucket, not the thimble,”

Another related quote is:

, “Predicting rain doesn't count, building an ark does,”

Wishbone Gold has not yet released the assay results for samples from the recent drilling, including hole 1, because the samples are still undergoing the assessment process at a third-party laboratory.

The company has indicated that the results will be announced to the market in due course once they are available.

Reasons for the delay

Laboratory Processing Time: The core samples from holes 1, 2, and 3 have been sent to ALS Laboratories in Perth for cutting, sample preparation, and assaying. Assaying is a complex, multi-stage process that takes time to ensure accuracy.

Systematic Approach: The company is managing a large exploration program at the Red Setter project, which involves multiple drill holes (now focusing on hole 4) and various geophysical targets. This systematic approach to exploration, while thorough, naturally extends the time before final results for individual holes are ready for release.

Coordination with Contractors: Wishbone Gold is working closely with Core Drilling Services and ALS Laboratories to assess all the collected samples. Coordination between multiple parties can affect the timeline for results.

Focus on Other Activities: While awaiting assay results for the first few holes, the company has continued with other drilling activities (e.g., at holes 3 and 4, and using an RC rig for shallower targets) to expedite the overall exploration of the project.

Market Speculation

Some market speculation has occurred regarding the delay, including the possibility that the initial results were disappointing, but this is unsubstantiated by official company statements. The company is required by law to inform the market of any news that may affect the share price, positive or negative. Official announcements consistently state that results will be released "when available".

In essence, the delay is primarily attributed to the standard procedures and logistical timelines involved in processing drill core samples at an independent laboratory.

Any of my portfolio?

Regarding share consolidation stem from a mix of valid concerns about short-term volatility and market perception, and potentially exaggerated fears regarding the long-term impact on investment value. The company's stated reason is to improve its market positioning and attractiveness to a wider range of investors.

Reasons for Shareholder Worry.

Negative historical perception: Share consolidations (or reverse stock splits) are sometimes associated with companies in financial distress, leading to an immediate negative market reaction and a drop in market capitalization in the short term.

Fear of bad news/assays: Some shareholders worry the consolidation is a precursor to bad drilling assay results, and the board wants a higher share price to avoid the stock becoming a "delisted penny share".

Reduced liquidity and wider spreads: A higher share price and reduced number of shares can deter some day traders ("speculative types") who prefer low-priced, volatile stocks. This can lead to lower overall trading volume and wider bid-ask spreads, making it harder to buy or sell shares quickly.

Psychological barrier: There is a "mindset" among some retail investors who are more willing to "punt" on a 1p share than a £1 share, regardless of the underlying value.

Are the Worries Over Exaggerated?

The worries are likely partially exaggerated in terms of the fundamental value of the company, but reasonable in terms of short-term market dynamics.

Value remains the same: A share consolidation does not change the intrinsic value of a company; it merely repackages the existing value into fewer, higher-priced shares. A shareholder's overall investment value remains the same immediately after the consolidation.

Depends on fundamentals: The long-term outcome depends on the company's operational progress, specifically the results of drilling at projects like Red Setter. If the underlying news (e.g., strong assay results) is positive, the market can re-rate the stock at the higher price, potentially attracting institutional investors.

Real Reason for Consolidation

The primary reasons cited by Wishbone Gold are to streamline the company's share structure, improve market positioning, and increase the share price. The desired higher share price aims to:

Attract institutional investors: Many institutional investors have mandates preventing them from investing in "penny stocks". A higher share price makes the stock more appealing to this segment, potentially increasing demand and stability.

Comply with listing rules: It helps the company maintain compliance with stock exchange minimum price requirements and avoid potential delisting actions.

Does it Cut Down on Over Trading?

Yes, it is expected to cut down on "over trading" or speculative trading. By increasing the share price and potentially widening the spread, the company aims to deter short-term, speculative retail traders and attract longer-term investors. This could reduce the extreme share price

Must be another RNS on Monday ?

Troters: Play on words 🙂

The rumors is the rumors, are being spread by Rumeroids for…. Some weird reason

So RNS later today says DATA

AI Overview:

It is considered best practice for a company listed on a market like AIM (where Wishbone Gold Plc is traded) to announce the results of an AGM/EGM via a Regulatory News Service (RNS) as soon as reasonably practicable after the meeting concludes, often by the end of the same business day.

Wishbone Gold's AGM and EGM were scheduled for 11:00 am and 11:15 am CET (10:00 am and 10:15 am GMT/London time) today, November 28, 2025, in Gibraltar. The meetings would have concluded some time ago.

Key points regarding the announcement timeline:

Market Rules: London Stock Exchange (LSE) rules and related guidance, such as the Market Abuse Regulation (MAR), require prompt disclosure of inside information, including the outcomes of key shareholder votes.

Transparency: Issuing the results quickly ensures all market participants have equal access to the information at the same time, preventing a false market.

Historical Precedent: Wishbone Gold has previously released AGM results on the same day as the meeting (e.g., in August 2024).

Given these factors, an announcement today would align with best practice and regulatory expectations for a UK-listed company. You can monitor the official company news feeds, such as the London Stock Exchange website or Investegate, for the official RNS announcement.

MM’s, manipulating prices to trigger stop-loss orders, a last minute "liquidity grab", Me thinks.

Watch the big late buys start to come in, perhaps

HE WHO DARES WINS🙂