Member Info for Phoebus

I haven't Dibs. The other two are even closer to Havieron and appear to be on strike with Telfer. Think I can hear Rick Ness. 'Bingo, bango, bongo!'

Dvharrison, see Miagi365's 08:30 comment. Couldn't have put it better myself. Get the sense they are getting ready to move the goal posts to other drill targets.

Gold was at a much lower price when GGP was at this stage and the gold sector wasn't in the midst of a mega bull market. Investors are ravenous for the next big gold investment opportunity and for the location near Telfer and Havieron the market cap here is peanuts. Investors will be all over this big time as drilling approches. Two other Australian gold licences as well, White Mountain and Wishbone.

This share always seems very difficult to buy when it starts moving up. Blink and it's up a penny or two.

Massive demand from MMs again.

Results look poor to me.

Dibs, care to hazard a guess on market cap when drilling starts?

I can sell 400K shares in one go at mid price so MMs clearly want the shares.

Velo, it's good to see you're looking into this and checking the RNS statements as plenty of people dive into stocks without bothering to do proper research. The $162.5K cash figure in the 2020-10-16 RNS is as off the date of the accounts, which is 2020-06-30. This needs to be adjusted for everything that has happened since 2020-06-30 which includes the subsequent placing and warrant exercise. Hope that helps.

'interim results for the period ended 30 June 2020'

Stop being lazy and work it out properly yourself. Here's the list of RNS statements:

https://investegate.co.uk/Index.aspx?searchtype=3&words=wsbn

I imagine the total shares issued today is less than the combined shareholding or 2 or 3 commenters on this board and in the scheme of things is of no significance whatsoever. All eyes are on the massive drilling campaigns dead ahead. Huge value to be generated here over the coming weeks and months. GLA

Sorry, but if you think the cash position is $160K you should go do some proper research. The actual figure is significantly higher than that even after factoring in Telfer/Havieron licence acquisition costs.

And what are the odds we get a farm in here? Got to be much higher than the other gold tiddlers on AIM. Reckon a whole load of companies will be keeping a very close eye on this ready to pounce.

Where on earth do you honestly expect WSBN's market cap to be when the drill starts turning? £13M? No chance this should be multiples higher by then. People will be panting with excitement and drooling all over the place at the prospect of discovering another Havieron. Demand for the shares will be off the scale. Making sure I'm in early before the mad rush sends this into orbit. GLA

https://twitter.com/DavidLenigas/status/1323888024720187393
https://twitter.com/DavidLenigas/status/1323898930426486785

Big wind in the sails.

Expecting £50M market cap or 40-50p range. Then if drilling is successful multiply that several fold.

Impossible to buy again there.

Breakout!

I've looked very carefully at several maps and the licence in today's update appears to be only about 7.1 miles WSW of Telfer, which is incredibly close. The other two licences which seems to be on strike with Telfer are only about 20 miles from Havieron. You really couldn't ask for a better location than this and all for around £10M market cap. Incredible.