Member Info for Professor1

@Mooching

"Does anyone truly believe they still hold the stock?"

Truly shocking statement to make. Why don't you write to the company?

Importantly:

"The "assessment" likely involves not just receiving the raw lab data but also the company's geologists interpreting the results in the context of the project's geology to understand the potential scale and grade of any gold and copper mineralisation."

So the data requires detailed interpretation to assess the POTENTIAL SCALE we have got

GLA

@Dibs61

“Wishbone continues to work closely with Core Drilling Services and ALS Laboratories in Perth to assess the samples recently collected from holes 1, 2 and 3 at Red Setter and findings will be announced in due course.”

I thought I was missing something in my understanding of the above statement which you have questioned so I thought to check it with AI as copied below:

The statement means that the company, Wishbone Gold Plc, is currently in the process of having the drilling samples from its Red Setter project analyzed and interpreted by specialists, and the findings will be publicly released at an appropriate, but unspecified, future time.

Key elements of the statement:

"Wishbone continues to work closely with Core Drilling Services and ALS Laboratories in Perth to assess the samples...": This indicates that the physical and chemical analysis of the samples (known as assay results) is ongoing. The "assessment" likely involves not just receiving the raw lab data but also the company's geologists interpreting the results in the context of the project's geology to understand the potential scale and grade of any gold and copper mineralisation.

"...findings will be announced in due course": This is a standard phrase in corporate and regulatory announcements (like an RNS regulatory announcement on the London Stock Exchange) used to manage expectations. It means the announcement will happen when the process is complete and the information is ready for release, but it does not specify an exact date (e.g., "soon" or "next week"). This provides the company with flexibility to complete its analysis thoroughly before making a formal announcement, which can be price-sensitive information.

In essence, the company is confirming that work is progressing as planned and the market should wait for an official update when the comprehensive findings are available.

GLA

@BAlavi

"It could well be that the assay results from hole 1 were disappointing, thus the reason as to why they have not been reported, but by companies law they are required to inform the market of any news which may effect the SP, so how WSBN have got away with keeping such bad news if and it’s a big if the assay results are indeed bad for hole 1"

Indeed they would be oblidged to share immediately IF result was not good. The fact that they have not speaks for itself.

Also, £4 million placing raise. As you say, no investor would gamble with that sort of money that was raised so quickly

GLA

Because I believe:

1) The essay results will come out before the EGM and voting

2) The 100 to 1 consolidation will then make sense to those proposing to oppose now

3) Realisation OF ALL SORTS will set in

4) RP and EM will be hailed heroes.

GLA

Visible gold is not a direct measure of grade: Seeing gold in a core sample is an indicator of mineralization, but it provides no information on the exact concentration or if the gold is in a form that can be easily extracted.

Laboratory assays are essential: The only way to accurately determine the amount of gold is through a lab analysis, which measures the concentration of gold in the sample. Without this step, any estimates based on visible gold are unreliable for determining the mineable value.

Gold distribution is highly variable: Gold can be very unevenly distributed in a deposit, meaning a few samples might contain the majority of the value, even if many other samples show no visible gold.

Visible gold can be misleading: The presence of visible gold does not guarantee high assay results, and a sample with no visible gold could still have a high concentration when analyzed.

The only reason we are drilling is because we now know there is a massive hydrothermal sys underneath our asset

Mineralisation across huge 3KM range and could increase significantly

We are guided by Expert Geophysics who knows what they are doing rather than some expert residents here

With gold price at a record high, will only need around 0.5g per T to make this commercially viable

GLA

Absolutely agree@ Tiburn

The message is clear - we are in a ripe area and patience is all that is needed.

@Casper, Boromad, Spartac

Spot on

GLA Holders

And we are guided by Expert Geophysics

"As previously announced the results of the current drill program at Red Setter Gold Dome exploration site have been very promising and the prior analysis by Expert Geophysics has proven to be highly accurate. This fundraise will enable further expansion of the exploration at Red Setter during the current year."

GLA

@howezap

Agree with you.

Will take full advantage of what I believe is unwarranted drop and buy more. Waiting for the essay results to be rewarded. Reminds me of short memories from ggp.

GLA Holders

@SenorWarzy

Therefore, it would be a win win for both GGP and fir Wishbone who would not require any capital outlay which most gold miners are having to deal with by borrowing huge sums of money

I thought its what inside of the core which will be relayed by the essay results as opposed to the visuals which will drive value

@SenorWarzy

I think it means that currently GGP have spare capacity to do more processing and if nearby companies do not have their own processing plants then GGP could process this third party ore for a fee and that revenue will be accretive for shareholder value

Agree @ m_wall

A 20KM STRIKE, NEVER HEARD OF

GLA

@Sharecrazie

"Discussions from near by mine/s are taking place..."

That may be so. BUT, we should also not forget that RP has a dislike for big companies taking up large share of your asset for a piddly sum. RP, I believe, is aware of companies involved in setting up and running processing plants and if Redsetter is one of its kind in the world then GGP might be viewed as a tiddler to form any kind of a JV with to unlock true shareholder value

GLA

FROM LINKEDIN

"It's a siaht that's hard to beat - a DD rig spinning under the night sky.

One keen LinkedIn punter commented, "I don't see anyone working. Just a big rig under spotlights."

Fair call, mate. But don't worry, the drill cage is on the other side, hidden by the mast. Rest assured, our crew is busy pulling core. As pretty as she is under lights, we don't fire up a lighting tower and run a gennie for the ambience.

Our crew's out there filling core trays through the night, backing our client on some seriously exciting ground. When they said they wanted 24-hour support, we took it literally.

This is what double shift dedication looks like, steady, methodical, and laser-focused on doing the job right, not just done.

And while most of the world's snoozing, our rig's still humming,"

I could be wrong but sense that at least a re- negotiated deal with Avion is in the making/bagged. Staying put and waiting for the RNS

GLA

"appears to be a trigger"

Hello everyone

PK73, I may be wrong but I think its worded that way because, PAT believes, in the eyes of International Law, Bhukia is still our asset.

GLA