Member Info for papaduke

Folks, there still seems to be some confusion as to the wording of the RNS re the 4 years. Its not clear whether the drilling will take 4 years ( a hell of a long time to drill 100 holes, unless you're using a bucket and spade!). I know you mentioned it was the licence length ST, but we could do with clear clarification. Anyone fancy emailing the Co to ask. I was expecting all the drilling to be done this year latest?, JV in place etc.

If you go back through all the old GGP RNS from 2018 through to today, they had ro go through these steps.

GGP MAIDEN DRILLING CAMPAIGN AT HAVIERON

"The drilling campaign at Havieron includes plans for up to four vertical holes for a total of approximately 2,400 metres.

Drill core obtained from this drilling campaign will be subject to several analytical methods to determine the type of mineralisation and will be tested for an extensive range of elements including gold, copper, uranium and rare earths."

They did just 4 holes for 2,400 metres and Haverion is 1km by 1km

Red Setter is 3km by 1.5km

30,000 metres for an initial drill campaign is significant.

the 4 years is a ref to the licence length, NOT the drill time. DYR, the mineralisation is at very shallow depths compared to GGP's haverion and over a much much larger area. only £30m mkt cap. Full funded drill campaign with £2m raised at 10p.

FOlks sorry for the O/T, but the 4 years is a ref to the licence length, NOT how long it will take to drill. The depths are much much shallower than GGP's haverion, over a much much larger 3k x 1.5k strike length. They are funded by a £2m placing at 10p. Sam Hitchins ( chairman of the FTSE gold index ) joined the BOD as a JV deal maker in FEB. Go figure, this is a shoe in for a JV with Newcrest aka GGP all day long. Not with out risk, but so has every other commodity co out there. Worth £10,000 side bet in anyones money. I hold plenty of XTR too. I'm just putting WSBN out there.

https://www.investegate.co.uk/wishbone-gold-plc--wsbn-/rns/wsbn-s-filing-for-drilling-programme-at-red-setter/202104230700063723W/

i did say they had a huge copper / gold mineralisation folks. Its all there is previous RNS's and now todays RNS, 30,000 metres at shallow depths announced. Massive re rate due with Wishbone. Huge. I hold XTR, WSBN, BCN, ZPHR, JLP

https://uk.advfn.com/stock-market/london/wishbone-gold-WSBN/share-news/Wishbone-Gold-PLC-WSBNs-filing-for-Drilling-Progra/84897557

My goodness, thats a large number of holes and metres folks. We know they have a huge area of mineralisation at RS. The current market cap is just simply far far too small in relation to the prospect here. Keep buying!!!.

we should expect TR1's in that case then

Great summary, many thanks indeed. Just the start of the journey for ZPHR. I hold 2m now in my sipp from the lows 2p's. Very exciting times ahead.

What a great recovery after yesterdays dip. Pushing through 3p again now / tommorow. Could see a very quick rise to 4p in the coming days / weeks/ Should have an RNS this month re first receipt of production income from our recently bought assets, plus various other things. Fingers & toes crossed.

Morning DaftG, 100% agree. They have been very good with updates thus far. My thoughts are they are / have been trying to tie up a drilling contractor for the start of drilling RS, but not easy to come by as they are in very high demand. May be we should be investing in drilling co's !! ( lol). I have a very good feeling about WSBN. Just a matter of time before a very positive update re timelines etc. We know the prospect they have is huge and full of mineralistion, just a case of when do they start the drill campaign. I also convinced the best way to go is JV with newcrest, aka GGP. Not least as i believe WSBN's RS is much much bigger than GGP havieron. Only time will tell / play out. A very good risk / reward % in this sector imo. Keep buying if you can at these levels.

16m of late reported trades now showing up. 2 x 7m trades showing as sells. I suspect one is a sell at 2.3p, the other balancing that sell as a buy at 2.5p ( shows as a sell). Plenty of movement in the shares post placing. Perfectly normal. Price holding up v v well imo either way. It should settle here / consolidate then move to the next leg up with the next RNS's newsflow. all good.

We are likely due an RNS this month re the first receipt of oil income from the assets we have bought, amongst other news. I think we have found the bottom ish now. Plenty plenty of upside this year from here and beyond. Nice little co and very well run. all good in the ZPHR hood.

Folks, both my top ups today, circa 2 x trades £16,000 have shown at sells before the tick up about an hour ago. Makes no difference, i'm in this one for a few years if needs be, but keep that in mind re whats reported as buys / sells. Fundamentals are great, thats the main thing. We should have 1st oil income by the end of April?. Plenty of news flow to come. Keep buying if you can.

CE, thats a very sensible and truthful post. I wholly agree. This is a big project with a hell of a lot going happening on the coal ( copper ) face so to speak. It takes time, they are in no rush re assays. The more pressing thing is to secure the drill rigs for phase 2. ( CB said they had to sign a drilling contract to secure the Rigs due to the monies involved and the metres needing drilled, hence the placing.
You just DONT go to those lengths unless you are 95% certain you have pay dirt. CB also adding aids that likelyhood imo. Once we have hole 2 + may be 3's assays in, perhaps together ( i believe them to be decent, but remember its size of prospect here compared to higher grades that counts), then we will head north.
Phase 2 drilling beginning will push this further. All in all, very exciting times ahead. I believe that 5.6p will again very soon seem a distant memory. Afterall they have got the £5.5m placing away now which imo is a significant achievement in these times. A huge vote of confidence in XTR, the BOD and their prospects. PS... buy some WSBN, another much larger XTR in the making there.

100% agree, not least of which if they proport to want to be a sizable mid cap co now and going forward. 6 monthly's updates are no use. I deal with Co's with tiny £10m T/O who provide Monthly MI and 1/4ly reports etc etc + forecasts which creates trust, stability and clear line of site for further investment etc.
Not difficult. Any CA worth their salt can put 1/4 updates together. If you don't do it, it just creates wholly pointless volatility, uncertainty and ideal gossip etc. Frankly not very transparant for PI's. Fine for II's who have the inside track before PI's do.

bought 360,000 odd more today, 10k. showing as a sell. Happy to hold for several years here. now have 1.5m shares

indeed, 100% agree. do the maths. they have a very very big find here. When drilling starts, the mkt cap will fly. Its all there to be read in the last 6 months RNS's.

100%, they all know very well the assay results are good. Lets all take off the rosie tinted specs ffs!. Thats the stockmarket for you. Keep buying!!!>

Agreed, but he MUST have a good idea they will be good / positive results. Surely?... And a £5.5m placing at todays price tells you they know its a winner. Keep buying.

Folks, has the correct interview on todays RNS been posted yet on share talk yet?. Can they be emailed to chivvy the feckers along?. Sooner the better really. Should be the best interview yet imo.