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Wow that RNS is another massive vote of confidence!!!
Great cash injection and a further sign that there is something really special here!!
Yes and expect good news over the webinar tonight from the CEO. Price should tick up some more tomorrow.
Excellent decision weedavemak!
A couple of weeks and we are a done deal here!
Not sure what all the nonsense on the board today about crest is all about? It’s a clerical piece of admin. It’s happening to dozens of companies on AIM right now. It’s not news.
And, This deal is huge for us holders. Any big shareholder voting against it would only do so if they had a better alternative deal on the table. So, heads we win, tails we win.
Hold, accumulate and boom. Great entry price and all upside from here.
It’s pay day this week so more to invest, combined with people having paid their tax bill and got that behind them, and the deal getting closer; This share will go up above 3p IMO before the announcement.
This is brilliant news! Directors buying a boat load of shares and holding them!?!
Talk about a positive message to market!
Good points David.
I agree, i don't have the guts to sell on spikes and hope i get back in again at the right level.
Long term hold and don't worry about the ups and downs which happen almost daily across your portfolio.
ORR has huge upside and IAMGOLD being involved basically is all you need to know. That's the stamp of approval.
ORM have huge potential on this deal. Its massive. Its much bigger and better than XTR and that went up like a rocket.
Hold, accumulate on dips and wait for the good news. Good luck all!
I am just watching the buys come in and the price tick up on the real LSE. Its a good run up and something good must be close now!! With decent drill results this should jump and re rate imo. Market cap is still so low. 4-5p looks very achievable between now and end of month. Come on Arkle!!!
Warrants are an option to buy a share at a pre determined price.
If warrants are exercised the cash amount to be paid for the shares is paid to the company.
This DOES NOT mean the shares are sold or automatically sold on the market.
Some warrant holders do sell, some don’t.
Some choose to sell enough to cover the cost of buying the shares and keep what’s left at an effective zero cost to the buyer.
Those that have available cash and want to hold those cheap shares for longer thinking they will go up further may not sell any.
It all depends on the warrant holders cash position, agenda, and choices at the time.
Hope that helps.
Yes this is good news to have some news!
This is a negotiation. It takes time.
The last few months have been so slow on the news front for so many companies.
Look at Brexit. Boris saying a deal now cannot be done, and then days later its done.
You don't reveal your cards when still talking and put out a massively positive we are 'confident' a deal will be done type statement. The BOD's of these companies need to be balanced in what they put out to the public. There is some excellent deramping going on here.....I would ignore it if you are a LTH.
Selling around the 35p level? No thanks, it's time to buy!!
This is brilliant news, and for the investors who have only recently invested a big chunk to again come up with another huge chunk of cash is testament to their belief in this company, the BOD, and the value of the assets. A huge positive tick in the box.
And they fact that EVERY SINGLE WARRANT has been exercised reinforces that. They ALL said YES PLEASE!!!
Looks like a great opportunity.
Does anyone have a good take on how much cash they have left?
They raised £1.345 Million Gross in August, so there must have been costs to come out of that etc, and they have been investing/spending since then with all this great activity.
A lot of cash needed here. Have they raised since? Doesn't look like it but there is talk of a 0% facility at the AGM, but i cant find anymore on that. Would be great if they are cashed up, if not are we expecting a fund raising soon? Thanks in advance
This is a classic MM share grab pre great news so that they can make a big margin! IMO
As has been pointed out buys are matching sells so i am not reading anything else into this and topping up at these bargain prices.
So exciting what is ahead for this company!
Where is the bulk sample from?
Tailings, the surface quartz, just the side wall of a patch in the mine?
It certainly wasn’t the drill cores as those reading were very poor. Not clear enough.....
Yes very excited! This company is flying. Such a good news story that just keeps on getting better. 2021 is going to very good for Wishbone, and us holders!!
Hi Walkabout
When the share price closes the day above 16p (or at 16p that is being debated) for 5 days out of any consecutive 10 trading days, the company is able to call upon previously issued warrants to be exercised. If all those warrants were to be exercised, the company would receive £1.05 Million in cash.
Wishbone already has a sizeable war chest, and this would then likely mean no more fund raising this year in my opinion.
So, having even more cash is brilliant, clearing out the warrants (every PI likes them out of the way) is excellent, and the likelihood that there would be no need to fundraise this year would be massive for the share price move upwards.
Of course the company may decide not to call upon the warrants to be exercised straight away....but will maintain the option to do so.
Hope that helps. I believe that we will be hitting that 5 day target this week if it hasn't already been hit in the last day, whether you believe it is 16p plus, or needs to be above 16p.....
IMO Wishbone is one of the hot AIM Gold stocks of 2021.
I am fairly sure we are at 4 days and need one more day next week or perhaps in the next 6 trading days to hit that target. Fingers crossed!
Exciting to see what happens with Angold coming to market tomorrow!
Rincon ticking up nicely!
Empress finding its feet before the next move up.
Great move up for GUN today having been way oversold. Clever MMs grabbing shares before boosting the price no doubt.
Steady as she goes and any decent news from these 3 investments will boost the GUN share price.
And I am sure the BOD have more great news to share moving into January. Great spread of investments and a low market cap. GLA!
Yesterday that same guy was saying this is a multibagger !!! I agree with him there at least.
Yup that is some impressive de ramping.
I am ignoring it. Waste of time.
Hold for news! No news means the deal hasn’t been done yet. So, the company isn’t obliged to put out an RNS.
ORM are in a really really strong position to get a good deal. It’s in the Directors interests for a good deal. The major shareholder Thomas Anderson will make sure it’s a good deal and they won’t be able to agree anything without his sign off as he could veto any deal with his shareholding when out to a shareholder vote.
My LSE showing only 14 trades here today. Nothing to see here today....
That’s very funny!!
Yes it must be a hot dust bowl.
Very exciting to have 3 investments go to listing in only 2 weeks!!
Rincon ticking up nicely and should be 100% up from IPO price by the end of this week at this rate. That’s a nice change in only 8 or so trading days.
GUN will re-rate accordingly and when each one of these 3 investments announce some big news we should see a substantial rise.
GUNs investment in Rincon has already doubled and some, (in value) by my calculations.
Rincon is the multi bagger investment of the year for GUN. Only a matter of time now!! GLA
I agree. ARV are on the ball and know the region very well. They have a massive chunk of land literally next door to GGP. No fools there and if they are holding tight, that gives me further confidence in Thor.
I am not sure about Metal Tigers investment strategy over the last couple of years. Doesn’t seem great and I haven’t bought them. Selling Thor on the cheap is perhaps as foolish as them selling their GGP holding last year....time will tell!