Member Info for schlemiel

Yes, all sorted

Https://uk.advfn.com/stock-market/london/wishbone-gold-WSBN/share-news/Wishbone-Gold-PLC-Red-Setter-Gold-Dome-target-to-be-drilled/95906002

EGL has interpreted a major "Dome" like structure at Red Setter that displays many similarities to that of the Telfer Dome, which hosts the +15Moz Telfer Gold Mine that is located only 13 kilometres to the north-east (Figure 1 and 2).

The latest interpretation of all the data from site and the geophysical data generated from the Mobile Magnetotellurics Survey ("MobileMT") conducted by EGL last year showed that the main dome target at Red Setter remains completely untested and untouched by drilling. The main drill target is about 200m deeper than previous drilling and detailed planning is now underway to drill into the core of the Red Setter Dome.

Highlights:

· The main Red Setter Dome target is interpreted to sit at a depth of around 550 metres.

· Previous reverse circulation ("RC") drill holes across the Red Setter Dome only reached depths of circa 250-300m and it is now determined that they were not drilled deep enough to test the main target.

· All of these RC holes pulled up short due to the wrong drill rig choice at the time.

· Key holes will be either re-drilled to the correct depth with diamond drilling or extended using conventional diamond drill tails from the bottom of the existing RC holes.

· The drill pads from the previous RC drilling can be reused saving the costs and time of site set-up and heritage surveys.

· Analysis by EGL highlights that the Red Setter Dome has strong similarities to the Telfer dome, which hosts the +15Moz Telfer Gold Mine now owned by Greatland Gold Plc (LSE: GGP).

· Previous Wishbone drilling only targeted a minor magnetic feature to the north of the main Red Setter Dome target but still intersected significant gold and copper mineralisation including:

o 5m at 1.2g/t Au and 0.002% Cu from 319m (WRSDD0015), and

o 7m at 2g/t Au and 0.38% Cu from 273m (WRSDD0008)

· These results are still significant and require further follow-up as they have similar characteristics to the nearby Telfer Gold Mine, where GGP recently reported a Mineral Resource Estimate of 154Mt @ 0.64g/t gold and 0.08% copper for 3.2Moz Au and 117kt Cu (GGP RNS 18/03/25)

CONT.....

https://www.**********.co.uk/rns/announcement/485d6d02-176a-4d38-8515-ad0abaa9b8a1/

'The Company completes a Havieron feasibility study within 12 months from completion of the acquisition of Havieron and Telfer (Acquisition Completion). The Havieron feasibility study **demonstrates materially improved Havieron project economics relative to the Greatland base case in the Competent Person's Report published in connection with the Acquisition'.***

I'm not sure if this is fresh info (***)

I love this, strict performance tied into management reward ie hit the target or else you're getting nowt or less than

Https://uk.advfn.com/stock-market/london/greatland-gold-GGP/share-news/Greatland-Gold-PLC-Finalisation-and-grant-of-performance-rights/95906020

60m, heavy trading day..seller out?

We appear to have a collective outbreak of insanity

'10m mkt cap'. I hope not!!

BC

That might be the case but the rule should be dilution as a final resort if no other avenues of funding are available. Anyway, debt or organic funding is a debate as old as the hills.

Good debate though but Day has the last word so it's all pretty much academic.

Debt funding should be the LAST RESORT. Debt's a drag on future earnings, introduces balance sheet stress, reduces equity content, detracts in all ways and always, ALWAYS comes back to bite you on the aarrrsssee.

Day should finance capital investment and any M & A through, if possible, FCF.

A little dividend payment, even a token one, would go some way to putting an even bigger smile on the faces of all shareholders.

imho

I suspect GGP is referenced

Https://x.com/hinds_stuart/status/1915115302016139302

Don't compound the loss mate, just step back, relax and wait for the turn. Trump's currently performing a volte face on China import taxes so we may see weaker gold which will probably drag the whole sector down.

GGP's now a cash producing monster not a cash munching explorer

Sectoral weakness drags down all stocks. anyone buying from 5--6p cannot complain, even those from 10p cannot complain.

My focus is on all that free cash GGP is accumulating. Like a feckin' cash machine, 'scuse my vernacular

Yer underpants are too tight!

Things to do

Lazysall

Exactly but who knows how they'll play it. As long as we some big fund players onto GGP's register then that should please most.

It's the cashflow that it is so appealing here. It wouldn't surprise if GGP start looking beyond Paterson

Where's the stock going to come from for Aussie investment funds who may be persuaded to buy a GGP stake?

.9% relative to 3.8% is a significant difference in terms of dilution. It does reveal just how shareholder focused GGP's management team now is.