Member Info for TastySalmon

> but the problem is...dumping never happens

On Friday the share price was 0.69, now it's 0.445. A third of the company value gone in two days. That's a dump.

Turns out Charta posting "POULDEN!!! Everything's a lie and that's a fact, Life is a lemon And I want my money back!" on every RP Tweet really worked!

I'm shocked!

> why not farmout 25% to a Partner to get drilling done.

Why not have stopped paying the CEO 200k in consulting fees every year, called a drilling company, and got the rest of the drilling done two or three years ago?

> what's not to like about this new company?

How about this: "providing trade finance" - we have no money. "Investing in companies" - we have no money. "funds would be available to move assets in Africa" - we have no money.

You're still on this idea that merging two nothing-companies will magic a lot of money from somewhere. If Evrensel had money to provide trade finance, money to invest in companies, money to move assets in Africa, it would not need Wishbone and would not need the AIM market. If they need the AIM market then what they plan to do is issue shares (make our shareholdings worth less) to raise money, so they can gamble it on risky companies in Africa. I could gamble my money on other risky companies by myself, why would I trust Poulden and Moore to do it in my interest any better than I can?

Why do you think small African companies will be interested in dealing with a Gibraltar-based 80 year old and a Dubai based 75 year old, both with no mining experience and a history of scams and failed businesses, for their investments?

> Anthony Moore is a big boy and has plenty of contacts. He is friends with John Thorton of Barrick Gold.

Wishbone's non-exec directors include the Lord Mayor of London (RNS 6 November 2023) and the Chairman of the FTSE Gold Index (RNS 5 February 2021). What good has that done us?

> Poulden owns nearly 5% of company ie 28m shares worth around £50k . Cannot see a de list happening because no way would he want to lose £50k

Have you been paying no attention at all? Those shares were worth £5,000,000 at Wishbone peak value and he's not shown any bother about losing that.

> Https://x.com/whatsnew636/status/1890014899864252553

ChartaRex's empty threats on Twitter have been going on for months with about as much action behind them as Red Setter has. "I'll give you one last chance! This is the final warning! The longer this goes on the sterner letter I will write! I don't understand how buying things works and I'm mad about it! The paperwork you'll be faced with will be no walk in the park!" ... did you call the regulators or what?

In an earlier comment you said it depends on EBITDA, Wishbone contributes 0 to that and Evrensel has no public accounts and is only 7 months old, so probably another 0. That makes a combined company value of: 0 plus some Wishbone licenses.

You don't smash two worthless companies together and £30M pops out.

> TastySalmon...You saying at peak Poulden's shares were worth £5m

Yeah. Company's shareholder page ( https://wishbonegold.com/investors/shareholder-analysis/ ) says Poulden owns 27,799,471 shares and peak share price was about 18.5 p which makes £5.2 million.

> Sometimes in life , we all need a lucky charm. could Alan Moore be the one for us ??

I hoped Wishbone would be. I thought RP had a shady history, but I thought his share holdings would align our interests. I never for a moment thought he would let £5M of shares dwindle to nothing because he couldn't be bothered to make a phonecall and arrange another round of drilling for two years. Even his salary/consulting fees brought him less than half that.

And they placed the funds, raised the money to do things, even if he never intended to do any real work, arranging the followup diamond drilling at red setter, an aerial magnetic survey at the new license, and a couple of RNSs would have kept the share price at what, five times this level?

The grant from the Australian government, are the government happy with how Wishbone spent it? Would they like to hear more about how it went into RP's pocket and then he announced the company was not viable?

Tony Moore has to post on LinkedIn to ask how to contact the Saudi Government?

"Both RP and AM are in kingdom Saudi Arabia trying to reach the Saudi government."

Are you kidding, that does not sound like someone with contacts and experience, that sounds like they asked the 19 year old intern to come up with a plan. "Let's post on Social Media and then go there and knock on the government's door and ask, cap in hand, if we can have some of their $30Bn".

> Creation of shareholder wealth is a critical responsibilty BUT we will never lose sight of our obligations to to do as much good as possible.

*sigh*

A compelling RNS history, Sorbie, which should be pinned to the top of this chat forever, and handed out with every fundraise request to potential investors.

I regret hoping that Red Setter would be different and would be too big and central to just go silent.

> It gets more outrageous by the day with this lot!!

There's no pleasing some people. You spent months demanding a change of management, and you got it in time for Christmas - and still unhappy. Dodged all the finder's fees and interview costs I was worrying about by appointing one of RP's friends, bargain!

Be careful what you wish for. Now you get to look forward to "contacts in the water provision industry". Hopefully Thames Water, at least shareholders did alright from that mess.

Because Vlad Sandler at Hemo has been so much better than R. Poulden at communicating with shareholders, making financial choices which benefit shareholders, promising jam tomorrow and delivering nothing year after year.

Wait, no he hasn't.

> Just a reminder , mosquito Creek should be in production soon

that's just a lie

> If new management come in then performance will change

No sign of that happening is there? No announcements, no funding for it, no job adverts placed, nobody doing interviews, no reason to think it will happen any time soon, and no reason to think anyone with good skills would join WishBone instead of a bigger company with larger salary and more stability.

ChartaRex What you are "exposing" is the reason stock markets exist - to raise money to fund risky ventures. Risky means the value of shares shares can go down as well as up. Do you know that exploration companies generally find nothing, over and over? That big finds are rare? That fundraising to pay salaries, previous shareholder dilution, is the expected situation?

You may as well say you're going on Twitter to "expose" that shops sell products for more money than they bought them.

> Maybe then we can get a decent management team in!!

I keep asking what you want decent management to do, given that you think there's no money and no gold? I will also ask why "decent" management would want to take over a "pos" company instead of working somewhere bigger for more money and more stability and more prestige? Or why you think a decent management team would be cheaper to employ than a bad management team? And how decent management would magically find gold wherever they look? And how you would identify the people as decent management, given your poor track record of buying WSBN shares despite people complaining about RP and D. Lenigas on this forum for years before Red Setter? And how you propose to fund the months of recruitment and interviews and legal contracts involved in a complete management swap?

But I don't expect any thoughtful answers because all you are good for is name-calling.

Open questions to anyone else, though, people wanting to replace the management team - what do you plan to happen after?

> Am a shareholder in WSBN. It has gold projects in Australia. Why do you not takeover it?

1) if you want WSBN to do a 10x, why would you want another company to do a hostile takeover at these prices and remove that opportunity?

2) Why would GBP pay these prices instead of sitting back and waiting a few weeks for the share price to half again and picking up on the cheap when Wishbone try to do a raise and can't find any buyers?

> Listen up Fishface, or should I say Mr Poulden!

> One simple question for you. In all the years you've been invested here, how much money have you actually made.... THAT'S the killer question.....

I haven't made any money, I'm down on my investment. Which part of "I am unhappy with the state of Wishbone and also you're posting nonsensical rubbish" do you not understand? I've said it over and over, many times.

How about you stop with the namecalling and beating the dead horse of calling people RP and answer some of the difficult questions I've put to you:

- If new management has no money, no gold, to work with, and you don't want share placings and don't want them buying random pieces of land, what exactly do you want them to do?

- Why did you say that Artemis has "created shareholder value" when their shareprice is down 80% in two years?

- Why do you give Artemis a pass on all the things RP is doing in RNSs?

You can't understand so you resort to name calling. Embarrassing for you. Let me explain by quoting some of your recent posts:

Charta: "if you owned land with 2kg nuggets on it, would you sell it to poulden, or anyone for that matter? why would you give up gold bearing ground like that for a few quid? you wouldn't, therefore it's all bs he's talking.....!!"

Charta: "I find your stewardship of Wishbone Gold entirely unsatisfactory & believe you should step down immediately. We need someone competent & focused in the role."

You think there is no seller who would sell land with gold in it, so you think Red Setter has no gold to find. Despite that, you think management with "competence and focus" would have different results.

Those are at odds with each other.

Your posts are nonsense.

You don't like RP buying "dubious bits of land" - what are they supposed to buy and explore, I wonder? You don't think surveys and drills at Wishbone 2, White Mountain, Red Setter, Cottesloe, count as achievements. What would different management do instead when running an exploration company with no money, if not buy cheap land and explore it, I wonder?

Charta: "Artemis Resources just hit 10,000g/t. RNS out this morning. This is how you run a gold exploration company Mr Poulden. You create shareholder value!!!"

In August 2022 Artemis' share price was 2.95/share. Now 0.575/share. Doesn't look like creating shareholder value to me, looks like you talking rubbish.

Who sold land with 10Kg/t to Artemis? How come you don't mention Artemis's 1.9B shares in issue and posting a 16M loss after 16M loss after 7M loss after 10M loss? Cherry picking? You? Never.

Artemis' RNS include: ramping by comparing with Havieron: "· Review identified that Hole 22PTMRD011 intercepted ... similar mineralisation as Havieron and are considered to be typical of a 'near-miss' at Havieron.". Placing $2M of shares at 29% discount in May. Placing in November. Calling things "highly prospective". Talking of jam tomorrow: "sets the scene for further exploration and potential drilling in the first quarter of 2024".

But aren't those things bad? You change position so quickly, I can't keep up.

> Read these words carefully: A P O N Z I

It just isn't. This is a plain matter of fact. In a Ponzi scheme the early people recruit new people. Did you, an early buyer, have to recruit the new buyers? No you did not. In a Ponzi the early people get rich from the newcomers bringing more customers. Were you made richer by the recent placing buyers? No you were not. In a Ponzi the people joining bring more customers. Have the recent placing buyers brought in more customers? No they have not. If it doesn't look like a duck, walk like a duck, quack like a duck, it isn't a duck.

Not all bad things are the same thing.

> A L I F E S T Y L E C O M P A N Y F O R P O U L D E N!!

That's not illegal and not _automatically_ bad.

Ignoring the "holier than thou" rambling full of incorrect facts and misleading representations[1], how can it be that there's nothing in Red Setter to find, and nothing was found because of management incompetence?

If another management would have created shareholder value then you must think Red Setter has something valuable. If you think Red Setter has nothing in it then different management can't make a difference.

[1] see: "You don't understand how someone can be unhappy with the state of Wishbone and be criticising your claptrap at the same time".

> Listen up Captain Codpiece,

You posted about the raise of 300k and "no one's buying" within six hours of each other, as if they aren't contradictory. You don't understand how someone can be unhappy with the state of Wishbone and be criticising your claptrap at the same time. You're still on about Ponzi schemes - which are an illegal fraud - but not reporting anything the authorities. No I'm not hoping for one amazing drill result from Mosquito Creek, I'm hoping for diamond drilling progress on Red Setter that we've been waiting for for 12 months (and not expecting it, because if it was due soon, the raise would have been be after news).

This is what the RNS says:

"the Company will receive a contribution of AU$55,000 towards exploration at its highly prospective Nullagine tenements at Mosquito Creek where gold nuggets over 2kg have already been found.

.......funding is allocated according to the prospectivity of the projects and the competence of the submission."

So, exactly how many holes do you think he can drill with AU$55K? Ten, Twenty, Fifty? It's about £27.5K in real money, so that'll get you about ONE hole drilled.....! So what you're hoping for, is that in the whole of the vast, expansive Western Australian outback, Poulden's going to pick the exact spot to drill one hole and hit the motherlode? Give me a break!!!!!

Then look at the last line of the RNS above - if it was highly prospective, they'd have got a damn sight more than $55K!! And even more if the submission was competent!!!!

Still, it's nice to see Poulden threw in the usual, tired old line about jam tomorrow - "where gold nuggets over 2kg have already been found." Gotta keep the dream/ponzi alive for those gullible investors.......!

> With the right management in place this could easily go back and hit its peak market cap of £30.

> Their land is near big discoveries ie Havieron and Telfer

So you and Charta think the reason Wishbone Drills didn't find what you wanted is because of management? Different management would have made the drill results have more gold?

Like if we crowd funded a locksmith to open a safe for a share of the valuables inside, and the safe had no valuables, in your books that is "the locksmith destroying shareholder value" and the safe could easily become more valuable again if the management is replaced? How do you see that working?