Member Info for Skippysb01

I think there is plenty of reason for investors to get interested in the Agadir Melloul drilling campaign which will start in days. The JV partner has set up 50 drill pads - yes 50! for diamond drilling. Of course the usual risks apply but after trench testing and the grades that came out of that it seems like a good opportunity to me. Should be lots of news flow coming for weeks and months ahead.

GEX is one of those AIM set ups that I just can't invest in until they actual drill something. I'm not sure I would trust them to clean out my gutters at this point but if they break ground ever I might get more interested in the prospect.

Fortunately I'm invested in HEX.

Drilling commencement RNS imminent. Not sure anyone needs to see endless prattling about the day to day SP on an ongoing basis. It's rather dull.

What do you think the next RNS will be?

The big one will be assay results - squeaky bum time - but that's weeks away IMHO.

Nobody can assume with that much certainty what the assay results are going to be. It really is that simple. Indications are good because the geology points to high likelihood of a discovery but only the lab can declare what is in those cores. Being confident or otherwise doesn't change that. No CEO is going to take the risk that they should wait on fantastic news to raise funds if they can't be certain it will be fantastic news.

IMHO they were right to raise the funds now. It's also a very low impact fund raise so not sure why anyone would have a problem with it. Could have been 30% of the company at 1p. We have all seen far far worse.

Now in the news zone for Inez flow testing. Any day now.

It's just risk management and doesnt 'mean' anything. Even WSBN have to wait for the assay results. They might be confident but they can't see elements in cores with there own eyes.

I'm going to ask on the off chance that you actually know.

How do you know we will get assays within 7-14 days?

£1.5m in shares v a market cap over £40m isnt going to rock the boat. All sold already so isnt going to be a flood of shares either.

I do agree that generally a placing drags the SP and act like an anchor but that is because most placings happen in more stressed situations and significantly impact share value. This one really doesnt materially do that but the befits of the additional funding actually increase company value. IMHO.

Well this thread heading is aging well.

Market was concerned about a placing. That was the reason for the fall over the last 24 hrs and that with the obvious forward selling. Now it's out of the way!! and it really isn't doing anything material to share value but it is providing liquidity for WSBN to get more drilling done - needed.

All great.

Well those involved in the fund raise know what the price was and yes they forward sold. It was very clear from all those late reported trades.

This is one of the better placings I have seen from a shareholder perspective. Very positive. I very nearly bought more in the 1.3s this morning. Hindsight and all that. We could have a very strong run upto the assay results - timing of which is going to very hard to establish.

In the green bin for Karlbornin2025. It's nailed on production this year and the SP will look after itself as we approach that. Big reserves update on its way soon with yet another flow test completing in the next few days.

Don’t forget we will be seeing a reserves update soon. This I think is a bigger potential SP impact than the Inez alone. Of course one informs the other. In any case production just a few months away. I bought more on Friday.

Well you are not going to get 10 bags from here without stellar assay results. You might get 1 or 2 bags based on speculation for those assay results.... which are weeks away.

You might also get a bag if the next drilling update RNS talks to further encouraging mineralisation.

The company cannot issue gold grades without he backing of lab ewaukts. They won't speak to actual % gold or copper or any other content until the cores have been chopped up and cooked by the lab in Perth. However the signed are good. So what you are seeing is WSBN being as vocal as they are allowed to be ahead of those results coming back from the lab.

Meant to post that on the drill results thread....

The company cannot issue gold grades without he backing of lab ewaukts. They won't speak to actual % gold or copper or any other content until the cores have been chopped up and cooked by the lab in Perth. However the signed are good. So what you are seeing is WSBN being as vocal as they are allowed to be ahead of those results coming back from the lab.

MM's do not hold stock. They work hard to get rid intra day by adjusting the spread to create the market. I sincerely doubt any mm's (most of them are literally software nowadays anyway) holding cheap shares.

Great input Andypaps. HEX is the easiest hold I have ever encountered outside the FTSE 100. Not suprised Adam is investing.

It seems to fluctuate quite predictably between 8 and 10 or even 12. I think it's on a few watchlists for that. Including mine. I'm holding at .85 but will happily be trading a chunk of that if it continues to behave.