Member Info for PortfolioPower

Dai, just read your reply, yes I agree with all of that.

I won't be asking over there. Not really my thing to wade in like that when the SP is on a nice run.

They won't struggle to raise if they do decide to whilst drilling kicks off. So I wouldn't be worried about any 'He1 style' telegraphed SP destruction or anything of that nature.

We were told they scaled back the original subscription so the appetite for more is there if they decide to tap into it earlier than they need too.

If anything, if they did raise a bit more, I'd imagine there would be even more stronger buying activity as they would have all potential cost bases covered.

Anyone else think that Hex might decide to raise again ahead of drilling activities /results?

ECB rate cut decision later on today.

We've all seen plenty central banks kick back anticipated rate cuts into the long grass this year.

Will the ECB deliver a rate cut today?

First in fhe RACE :-))

How much more road has this left to run?

Yeah Dai, I spotted that.

Abother one that appears to be on the trend back northwards is Prospex Energy (PXEN)

Some think it'll get bought out this year at a healthy premium

"The workover campaign on the five existing Akatara wells which will provide gas to the Facility has been successfully completed, flowing at an aggregate rate of 54 mmscf/d, significantly in excess of the c.25 mmscf/d of raw feed gas required under the gas sales agreement.

In addition, the 17km pipeline which will deliver gas into the regional gas trunkline has been successfully tested and is now ready to receive Akatara gas.

Approximately 7.7 million manhours have been worked on the Akatara project without a lost-time incident."

Can't remember who called that floor on the PESO around 16.30 but that was bang on.

Presently 17.46 and moving up

When it was 19/20 PESO to the dollar this was comfortably above 1000p with much lower silver prices.

Lots of moving parts to keep an eye on.

NT to buy for any large amounts.

Well done grabbing some on the dip

The macros look like they are finally moving into FRES favour as we move into H2.

Nice £30k intra-day buy yesterday, printed late, bodes well.

Should start to see the SP move back up sharply to previous levels ahead of drill crews being mobilised.

Folk were happy paying 20k for just 100,000 shares the first time we went out to do the initial scout drilling at Red setter which hit mineralisation in every hole.

Given the massive wait between then and the follow up deeper diamond dril program where we now have the benefit of expert geophysics who have highlighted the target areas for the deeper drills you can buy roughly 2milllion shares in fhe company now and grab a much larger stake in the business even with the addition of the recent share issue there is only 327mil shares in issue so this will move fast as we've seen before.

Also, worth taking a look at the gold grades revealed at our recently acquired land at mosquito creek which sits in an area of historic gold discoveries. Will posts up some further info on this additional mineral rich land package separately later on today.

We are bang in the right post code area and the present market cap presents a compelling opportunity to realise some significant gains as the SP has plenty of room to put on some weight to reach fair value vs peers ahead of drill season comencing.

Tro,

Are you in BZT & GSCU?

Swissy,

GENI is back on my radar.

Just watching it atm

Still trying to forget that I had 3.80 on a live Ask back in March as did nothing about it apart from watch it shoot up to 9.5p+ :-((

Any joy finding any more info from fhe FDA website?

The Crux investor interviews are my personal favourite.

Asks the questions that we all would ask in a 121 scenario & in what are generally more longer format interviews it allows that much more detail to come out.

We are about to head back out to Red Setter over the coming weeks to diamond drill at depth this time.

Once GGP took the decision to drill below 400m+ at Havieron that's when things really got exciting as they hit the higher grade zones.

WSBN scout drilling programme hit mineralisation in e ery single hole without ever testing below 400m

The experts have already called Red Setter as a potential analogue to Telfer..

Remember... Its only a mere 15km away from Telfer Mine itself!

Expert Geophysics state:

"We can see a very prominent dome structure in the south of the Red Setter area, expressed in the corresponding highly resistive anticline in depth and extended in NW-SE direction. Axes of assumed anticlines, projected to the surface, are in the pictures (white and red dash lines). The overall structure is open to SE."

"The maps, in Image 1, from Red Setter and Telfer, are approximately in the same scale so the dimensions of the structures are comparative, and the direction of the controlling structures is the same. The Telfer epigenetic model emphasizes the importance of structural controls on mineralization within the domes (GSWA Report 97 by K. M Ferguson et al., 2005). We can see resistive and conductive highly contrasting linear structures within and over the dome."

"Accordingly, our original conclusion that the additional drilling should be the target Zones MMT-R1 and MMT-R2 is confirmed by this analysis."

I know a fair few EEE holders in here that loaded up over there at 1p range start of 2023 when it was quiet and we had no details on the drill plans for pitfield.

It moved up 500% BEFORE they eventually announced their big strike.

Good time to start to position build in WSBN here now with a potentially game changing drill season ahead.

We know the holes are already collared at Red Setter and primed for the deep 800-1000m+ deep diamond drilling program.

GGP was in a similar situation prior to drilling deeper down at Havieron and the rest is history

Won't be surprised to see this move up many multiples over the next few months

GLA

The Paterson Region is attracting significant exploration interest.

With a market value of less than £4m Wishbone Gold attracts the lowest market valuation of a group of Western Australian focused exploration companies (including itself) operating in the region which suggests that exploration success could trigger a meaningful re-rating.

COMPANY........................ MARKET CAP

Greatland Gold ...............400 mil

Capricorn metals ............1.6 billion

Genesis Minerals.............1.76 billion

Musgrave Minerals ..........115 mil

De Grey Mining ................1.357 billion

Calidus Resources ............69 mil

Ora Gold.............................7 mil

Ora Banda mining..............147 mil

AusGold ........................ .... .72 mil

Astral Resources ...... . .. ..... 34 mil

Alto metals ..........................23 mil

Maximus Resources ............7 mil

Black cat ..............................64 mil

Kairos Minerals ....................22 mil

Tarramin Australia.............. .34 mil

Kalamazoo Resources...........13 mil

PEER Average market cap 241 mil

Western Australian peers average market cap of 241m suggests that WSBN could have a significant re rating of the SP from the present lows

NT to buy for just £8k atm.

On the face of it, it just looks like the recent top up placing provider which raised £300k was given an extra 25,000,000 warrants on a 1 for 1 basis which they could exercise at a price of 1p which has given WSBN a further cash injection of £250k.

Yes, they probably should have mentioned it in the top up RNS, but we have been notified and a TVR released.

The SP has been hovering just under 1.4p over the past month.

Can't really blame them for cashing in those warrants whilst they were "in the money"

The net result......

> WSBN now has more cash for the upcoming drilling orograms

> The SP is a multi-yeat bargain entry.

> Updates are due from fhe fieldwork about to comence across our licence areas.

Near term discount of 30-40% to the SP for those loading up down here ahead of news.

GLA

"Wishbone Gold Plc (AIM: WSBN, AQSE: WSBN), the precious metals exploration company, has received, notice to exercise warrants over a total of 25,000,000 new ordinary shares of 0.1 pence each in the Company (the "Ordinary Shares"), which will be issued at 1.0 pence per share.

The exercise consideration is £250,000."

Richard Poulden, Wishbone's Chairman, commented: "With the gold price at near record highs of around US$2,400 an ounce and copper rising to around $11,000 a tonne, this funding allows us to advance several high impact exploration initiatives at our core gold and copper projects in Western Australia.

It's an exciting time to be in the gold and copper exploration business and I look forward to updating shareholders in due course."