> Still, you keep kiddin' yourself that all's good with Poulden. It's a money pit..........!
> you lot stupidly believe in year in, year out.
> Poulden is gaslighting the lot of you.
"The fundamental attribution error refers to an individual's tendency to attribute another's actions to their character or personality, while attributing their behavior to external situational factors outside of their control. In other words, you tend to cut yourself a break while holding others 100 percent accountable for their actions.
For instance, if you've ever chastised a "lazy employee" for being late to a meeting and then proceeded to make an excuse for being late yourself that same day, you've made the fundamental attribution error."
We all bought in - us and you. We all don't want to sell at a loss - us and you. We all hope the share price will go up - us and you.
You keep patting yourself on the back that you're different and superior, clearer of sight, less gullible, less stupid. That everyone else is being gaslight by Poulden but you're not. That everyone else is a true believer and you aren't. That you're here because you're smart but unlucky, everyone else is here because we're dumb and gullible. That's the fundamental attribution error.
Maybe when I see you back your beliefs by actions - you think it's all fantasy, there is no gold, Poulden is not trustworthy, therefore you sold out at 1p because you will never get 3.4p, then I'll start to think you're different, that your beliefs and convictions mean something. Until then you're in the same bucket - if being in this bucket makes "us lot" stupid then it makes you stupid too. Until then, all your words are is empty fantasies which let you feel superior.
> They haven't mined ,or sold, a single ounce in the last 4 years in the Paterson.
And Afrentra hadn't sold any oil for years, until they did. Wishbone does not have any gold to mine or sell in the Paterson - I asked you before what you are suggesting they mined or sold, but this idea "we have to explore for gold before we can mine or sell any" seems to have eluded you. I asked you what you bought in for, if not gold exploration, but you can't face the shame of answering, I imagine.
> And you're paying! > PS. Don't forget to send Mrs Poulden her spending money. Them cruises ain't cheap you know :)
In your rush to gloat you seem to have forgotten that you invested in Wishbone and that you are paying just as surely as I am. Mrs Poulden isn't going to refund your 3.4p because she's so impressed by your investing foresight ("38% in rPi"? She might ask, "why didn't you invest in Apple, Microsoft, NVidia or Tesla - they've all ten-bagged since Wishbone was founded. Someone who can predict the winners would have seen that coming.").
Well, the options from here are:
- Red Setter is nothing, share price never meets 3.4p, you lose, and I lose. But you get to enjoy being a horrible person and gloating about how I deserve it.
- Red Setter is something, share price does meet 3.4p, you escape - but I escape as well, and you have to eat your liver.
Or you could sell up now, take your losses sure in the knowledge that you - uniquely you - can beat the market, and you'll make that money back no time.
Now, it's June, what's up with Red Setter diamond drilling?
Any progress on Mosquito Creek exploration? "We see Mosquito Creek providing real value to Wishbone Gold shareholders in 2024." - Feb 2nd 2024.
> What on earth are you talking about!?
Survivorship bias, you're suffering from it. Afrentra is making money _now_ but there were multiple years where all your accusations against Wishbone applied moreso to Afrentra.
> I'll bet you never bought intp Raspberry Pi at the IPO either?
> I did. I'm up 38% on day one. You?
Amusing how you're trying to boast about how smart and superior you are, but also you bought into Wishbone and are panicking about getting your money back. I'm suspecting that 38% gain on RPi is a lot less than you've lost on WSBN, hmm?
> "You've then copied and pasted a post from ONE random poster - JPBrown - who only registered on the site YESTERDAY - and took his one negative post as gospel!"
Copying and pasting a thing is not taking it as gospel. I defy YOU to stop misrepresenting everything.
> "Geez, I try to do you a nice favour & you come back with this? You deserve to lose everything."
You don't get to call people names while gloating about being nice. Like you don't get to call yourself honest while constantly misrepresenting the facts and making things up.
> Try AET (Afentra), I'm up +300% on my initial investment, with plenty more to come. Still not too late to make good money on it.
Afentra, profit history:
2019 1.6M loss
2020 1.91M loss
2021 4.99M loss
2022 9.09M loss
2023 2.7M loss
"Afentra's CEO is Paul McDade, appointed in Mar 2021, has a tenure of 3.25 years. total yearly compensation is $900.61K"
So he's taken $3M out while losing the company $18M ?
Net asset value per share:
2019: $0.20
2023: $0.12
Almost halved the asset value per share.
Look at the RNS history, company (re)launched in March 2021, in just five months by October 2021 they had announced a non-binding interest in buying something. Four months later (and ~$825k richer) they had progressed to announcing that they were still interested but negotiations had gone nowhere yet. Two months and $150k more CEO dollars after that, they announced that they were still interested but nothing was guaranteed. Six months later by October 2022 (and $450k richer) they were pleased to announce that they were still in discussions and were pleased to announce that they had extended the deadlines. Nevertheless, it's not like they were doing nothing, by July 2023 they were pleased to announce that they were still in negotiations.
It's at this point that you come in, presumably, complaining that they are scammers, fraudsters, enriching themselves, never going to make any money, buying a dud because who would sell an oil well for less money than they can get by keeping it, that investors are gullible, and think up some "hilarious" names for all involved. Right?
Then look what happened. The deal went through, they sold a boatload of oil, it turned out well, therefore hindsight shows it was always going to.
Although, comments on the Afrentra board "Debt year end position higher than expected and dilution mentioned as potentially an option ahead. When ceos say this its always going to happen, the warning. Also they were quite clear that no deals will happen any time. Heavy selling volume also suggests other large holders are thinking, doing the same."
Wouldn't happen to be here trying to find someone to offload your shares to, would you?
Herpaderp CharredWrecks,
> I doubt Poulden will ever find the gold.
> I would LOVE to be proven wrong
"The results confirm a significant gold system with a mineralised strike over 3km." - RNS December 2023.
:)
I didn't buy in 12 years ago. Waiting to see how Red Setter turns out is not "unshakeable faith". There's 2 more wrongs for you to love.
> "but the detail is in 12 years worth of RNS's for all to see - except CaptainFIshFace & a few of his followers."
12 years for all to see and you are only just noticing now. Answer some of the questions - what did you buy in for and when and why?
> "Gold could be $10K an ounce right now, but it doesn't matter - because we still haven't got any to sell after 12 long, fundraising, shareholder diluted years!"
If Wishbone had lots of gold to sell 9 years ago, the share price would have been too high for me to want to buy in. If you want big already-profitable companies, why didn't you invest in Tesco or Apple? I didn't because I wanted risk with a chance of high return.
> "Poulden takes £300K a year out of WSBN, and then charges "consultancy fees" on top! Still, back to work for you so you can fund Mrs P's luxury cruise this year."
I had no idea CEOs got paid money or that being working class meant I was enriching the wealthy. Why don't I cut off my own nose, that'll show him. Oh yes, actually I did realise those things. I'm stuck with those things because of my parent's bank balance at birth I will always have to work for money and that work will always benefit people wealthier than me more than it benefits me. Not buying into Wishbone wouldn't have changed that, selling out of Wishbone now wouldn't change that.
If someone of your intelligence, charm, wit, and worldly wisdom ended up in the same share I'm in, what hope does that leave me? But when you find the company with a CEO who works for free, a track record of solid stable business and never trying anything different to see what sticks but is undervalued by the market, AND is a sure-fire winner for a large discovery or development which could multibag the share price - at no risk - feel free to let me know.
Otherwise, tell me what your point is - you're desperate for me to sell out now - why? What will that do for me?
Listen in CharlatanRegina,
There's no money beyond this year - but there wasn't last year, or the year before, or the year before; I know this because I've been watching and reading the RNSs for years; how are you only just noticing? Where have you been the past 4 years?
> Poulden is stringing everyone along.
So why are you here? Why did you buy in? If nothing's changed for 12 years in your mind, didn't you see that before investing? If you didn't buy in the last ~4 years for the gamble of Red Setter after GGP and Havieron, why did you buy in? If you did buy in for Red Setter, why are you suddenly upset now we're in the middle of exploring it, when the financial situation hasn't changed in years but the exploration situation has progressed? If you bought in even earlier, how are you only just noticing what's going on? None of this makes sense.
> You are blinkered and in denial. Deal with it!
You keeping saying I'm denying this, where have I denied it? I haven't, you're making it up. You are panicking about getting your money back, flustered about Ponzis and frauds, accusing people of being gullible and blinkered and in denial and betting their house on Wishbone, are you ... projecting your situation onto me? I can reassure you that my home is not at risk, my pension is not at risk, and if I lose everything I invested into Wishbone the only thing that will be affected is my mood, I won't be reduced to eating gruel, my day to day life of going to work and spending less than I earn will continue.
> fill yer boots & load up to the hilt on WSBN, after all it's a sure fire winner, right?
YOU don't think it's a sure fire winner; are you suggesting *I* think it's a sure fire winner when I described it as a "high-risk gamble" only 2 comments ago? You're so honest and straightforward and yet shamelessly misrepresenting my position. I can't believe it - sorry, I *can* believe it.
> He can buy as much dirt as he wants, but where's the gold?
Can you clarify what you were expecting to happen when you bought in, you write as if you thought finding gold was guaranteed? Was it (a) Someone would sell Wishbone a proven gold resource for a bargain price for no reason? (b) Wishbone would magically know about gold which every big company missed, without having to drill for it?
I'm stumped trying to imagine how you think anything works. Mining needs a costly mine or tempting joint venture. That needs proven gold reserves. Those need drilling and lots of luck. Drills need surveys and models to guide them. For that you need to buy some dirt to have the rights to do anything. And if you've got almost no money it needs to be dirt cheap (lol). Most dirt doesn't have any gold under it, so this is a risky venture. If you try it and you find nothing viable, that doesn't mean you "did nothing" or committed fraud, or ran a Ponzi scheme. This is the small explorer gamble - most exploration sites have nothing viable. If you get lucky, high reward.
You've bought into a small gold explorer, but you're somewhere between panicked and infuriated that they are buying dirt, surveying, modelling, drilling, finding nothing viable, then moving on to do that again and again. How were you expecting them to skip over the hard risky part straight to easy money for you?
> All this land, with "potential" & "visually encouraging" signs means absolutely NOTHING.
Would you prefer they throw a dart at a world map and drill some random dirt without looking at it? How does "visually encouraging" signs of gold mean NOTHING when looking for gold?
> 12 years and he's not mined a single ounce out of the Paterson, not ONE measly ounce.
Not 12 years in the Paterson, though. Less than 4 years there, and with licenses, surveys, modelling, first round of drilling, found some gold, grant funding, second round of surveys, second round of drilling in progress. But hey maybe they should have been magically mining gold from nowhere somehow?
> "Pivoting at least 4 times into several different business ventures.."
> Translation: He's scrambling around buying up dirt, with zero strategic vision, in the hope that something "sticks".
Yes? That's what small companies do, pivot until they find a business model - and most small companies give up before ever getting off the ground. I doubt you'd prefer Wishbone go bust or give up and your investment go to zero? But you seem to want mine gold without looking for any or raising any money - again what did you think you were buying
> with absolutely nowt to show for it so far.
Haven't we been over this? The RNSs which you said were "Poulden's words which don't lie" have showed a lot that Wishbone has done with the money. Pivoting at least four times into several different business ventures. Things you're tired of me mentioning, things the company has done which took time and money and effort.
You're deliberately misrepresenting that and therefore a dishonest person. Q.E.D.
> And then ignore it. Hopefully, it'll show Poulden we've rumbled him. With no new money he can't keep the ponzi going.
> please tell me you haven't bet the house on this ponzi?
Given that Ponzi schemes are illegal frauds, Wishbone has raised £1M+ over many years, and how honest and straightforward you are - you're going to be posting the police crime reference number you got when you reported it?
"Oh I've been called out on my crap again, uhh, I was just libelling a barrister for a laugh, lol" ?
Watching progress at Red Setter isn't "delusion", "slavish devotion", "Alice in Wonderland", or "complete denial", it's just watching a small explorer take a high-risk gamble. If you have evidence those progress reports are faked you should be reporting it to the authorities, not calling people names on the internet trying to sound more-world-weary-than-thou. That was lame when George Carlin was doing it 40 years ago.
Wishbone will have to raise money at some point, yes of course, that's been the case for all these years, the sky isn't falling.
> Why do you keep banging on about Honduras & the UAE? It's OVER!!
Because they're large, multi-year projects happening during times you keep saying he has "done nothing". Ones you know about because you quoted RNSs about them. Big, clear lies that you can't play off as "joking".
Stock markets exist to place shares to raise funds for risky developments, I'm not "FINALLY admitting" that, I've not said anything else. As I said, this is about you misrepresenting RNS'ed facts, not about what I think of the state of Wishbone. One has to explore licenses before knowing if they're good or not, Red Setter was last surveyed in the days before modern drones and computing made aerial surveying much cheaper, easier and more informative. They weren't sold as "so good", they were sold as unknowns - a gamble that small explorers wanted soon after GGP's success. You keep implying there's no gold in Red Setter because of a photo - but RNS drilling results say there is gold there. It's not a duster, which is pretty lucky. We're waiting to see if it really is an analogue to Telfer - low-grade but huge and cheap to recover.
You make stuff up about his expenses for a laugh in the middle of a thread where you're arguing how honest you are, and play it off as not lying because you said it for a laugh. ha ha, lol, lol, right everyone?
> "Once the trust is gone, its gone :("
Oh woe is you, if only someone hadn't been dooming and glooming with falsehoods, untruths, character-assassinating and trying hard to destroy that trust :( Poor you :(
> "these so called tenaments"
News to me that Red Setter might not be /land/. Is this some Flat Earth thing?
> "He's destroyed 99.64% of investors money in 12 years, with nothing to show for it - unless, like TastyHaddock, you think a bunch of pictures of someone else's gold nuggets constitutes value.... "
That's not what I think. I said that earlier, but truth isn't your strong point.
> Oh, one more thing for those still thinking about making a killing here - in the last 6 months or so, Poulden's issued in excess of 50 MILLION shares
So the guy who has "done nothing" has incorporated companies in Honduras and the UAE and issued share placements? Go on, tell me again how honest you are. And tell me who arranged the purchase of Wishbone II, White Mountain, Red Setter, Cottesloe, Anketell licenses, the heritage surveys, appointed geophysics consultants, sorted aerial and magnetic surveys, drilling, labs, at multiple sites, who applied for the government mining grant and put it to use on Cottesloe drilling for funding without another placing? RP has "done nothing" so it wasn't him, right?
> 14 years of exploration with nowt to show for it,
Several years were trading instead of exploring. We've seen photos of gold and drilling results of gold. And silver. And videos of Honduran gold processing plant. There's things to show and we've seen them.
You seem to be confused about the difference between "doing nothing" and "doing things which haven't made shareholders lots of money".
> I told you: There is no money
That's not the part I'm calling you out on.
> Administrative costs, excluding interest, during the period were £666,656 (June 2022: £384,823).
> With "expenses" (read Poulden's lifestyle) of £666,656 during the 6 month period.
You could just google what administrative costs are instead of making something up.
> Poulden's had 14 years to do something. He hasn't
Except all that stuff I listed last time you claimed this, with RNSs to back it up, remember?
"I consider myself honest." - well you aren't.
You've been investing for years and don't know the difference between 'revenue' and 'profit'?
And you expect people to take your posts seriously?
> He hasn't mined or sold a single ounce of gold. Not one......!!
https://wishbonegold.com/wp-content/uploads/2021/03/RNSWSBN_General_Trading_Update2ros190521.pdf
Honduras processing and Dubai trading. I thought you said you read the RNSs?
https://wishbonegold.com/wp-content/uploads/2021/03/RNSWSBN_Trading_Update_and_Notice_of_EGM20gr191219.pdf
over $10 million revenue from gold trading in 2018 and another $10 million in 2019. They did that without selling a single ounce, huh?
Scotia International group paid $50,000 towards the operations in Honduras, as the first part of $600,000 total, and another up to $400k from any profits.
https://wishbonegold.com/wp-content/uploads/2021/03/RNSWSBN_Trading_Update_and_Extension_of_Reporting_Deadline91hn200630.pdf
$3.64 million in gold trading in Q1 2020, hit hard by COVID travel restrictions. Leading to a COVID-compatible change of direction:
https://wishbonegold.com/wp-content/uploads/2021/03/RNSWSBN_Gold_Exploration_to_Commence_on_Australian_High-Grade_Targets92u5200819.pdf
"we are now focusing at getting value from our gold assets in Australia. The Queensland State Government has acted swiftly with respect to COVID-19 lockdowns and controls and the State is relatively free from the virus. Mining is also regarded by the Government as a key essential industry, so conducting exploration on the Company’s assets can be accomplished in these globally difficult times"
> pictures of "golden nuggets", my question still stands: W H E R E I S T H E G O L D.......
Right there, literally photos of it, you don't believe your own eyes, or forgot what you typed five words ago?
> Poulden is stringing shareholders along - big time!!
WSBN is an exploration company, if it was easy to find and mine gold on demand, it would all have been found and mined decades ago. You want big gold production at low risk, buy shares in the big gold miners.
> After FOURTEEN YEARS
He's persistent, isn't he? Driving the company forward year after year chasing gold income, growth, acquisitions, trading, licensing, international expansion.
Read some of the back RNS history on other AIM companies - banging on one single drum for a decade, never trying anything new, never progressing, innovating, expanding in any direction, until they close up. Look at the RNS history of Osirium (OSI) doing nothing with their software, selling almost none of it, trying nothing new, for fifteen years of decline until being acquired for a song. Or GCM there's an RNS from 2014 they're focused on delivering the Phulbari coal project and another one in 2021 they "have remained focussed on delivering returns on shareholder investment through packaging the Project in its best possible form". And now in 2024 maybe they have some movement on it after a decade of trying nothing else.
I'd like Wishbone to have more success, to be back at 18p, but you (and Watcher36) lying and whining and misleading people isn't going to
Autocorrect' *Telfer
> > "Where's the gold? Where's the gold? Where's the gold? Did any of you know we had/have a gold operation in Honduras? No? Me neither!"
Yes, because I read the company announcements and try to know something about what I'm investing in. Did you know we had a gold trading business in Dubai until it was shut by COVID-19?
Did you know we have a license on some land in Australia? And we drilled it for gold, and found actual real gold? And we're back there drilling more, with licenses to drill thousands of meters of holes? And independent geologists have described it as similar to Telford? It's called "Red Setter", it might be worth reading about. Did you know we were in a race to submit papers to get that license and only beat other companies by a few hours?
And that we have another license on "Cottesloe" which has drilling funded by the Australian government?
> he won’t have much longer left before us shareholders boot him out
He's 72, how much longer does he have in good health to be a company director, or until he wants to retire?
Red Setter isn't needle-in-haystack, hopefully it's vast amounts of low grade gold near enough to the surface to be worth trucking to Telfer. It's had hype, it's had surveys, it's started to be drilled, why does that need a new media company to say if it's happening or not?
From over on the GGP board:
> ....In an interview, chief executive officer Tom Palmer said the mines being divested do not meet the company’s criteria of “Tier 1” assets.
> “We have a number of Tier 2 assets that are very good assets, run by very good people, but that don’t make our Tier 1 category,” Palmer said.
> The company has already begun receiving interest from potential buyers, Palmer said.
We can hope that potential buyers of Telfer/Havieron won't consider them 'tier 2' assets and will want to invest and expand them with nearby Red Setter.
> I would respectfully suggest that at least 95% of shareholders are in Mosman for the helium play. Which is now moving in the right direction. If we gain a few barrels of oil then great. But it is the helium play that counts.
Afzal Valli bought 10% of the company in 23rd March 2021 RNS because of the Helium play, back when there were only 3.8Bn shares in issue. He sold all of it in November 2021. Good move; two and a half years later, a 1/10x bagger. A tenth bagger for the shorters, is that a thing?
Spare a thought for the poor non-exec director:
> ... resolution at the Company's Annual General Meeting held on 29 November 2022, Mr Nigel Harvey has commenced his role as a Non-Executive Director of Mosman. Mr Harvey holds a beneficial interest in 137,500 ordinary shares in the Company.
137,500 out of 9,810,000,000. Some 0.00014% of the company, present value... £18.56
> "I would suggest that the company is well positioned to benefit from significant exploration upside potential throughout 2024".
Hope so; 2023 saw:
- Acquire more acreage at Cottesloe East.
- "Red Setter interpreted as potential analogue to the nearby Telfer Gold Mine says Canadian Based Expert Geophysics Group".
- Funding grant of A$220,000 from the Australian Government.
- Survey results at Cottesloe: "The existing data sets comprising magnetics, gravity, geochem and drill combined with the new gravity information all point to the same area".
- RC drilled Cottesloe and Red Setter.
- First drilling RNS "reinforce those announced by the company in May, namely that Cottesloe has significant mineralisation potential and is considered highly prospective for precious and base metals".
- Changed strategy at Red Setter, "Following the [...] opinion that Red Setter was an analogue of Telfer [...] the exploration program [...] is looking for broad spreads of mineralisation rather than single high grade bulls eyes."
- "Assay results from the [Cottesloe] RC drilling are encouraging as we are yet to hit the target mineralisation zone".
- Started diamond drilling at Cottesloe, 8th November.
- RNS'd "The first hole has already returned encouraging mineralised results", 13th November.
- "secured an exclusive option to acquire 100% of the Crescent East Lithium and Gold Project, located in the prolific gold area of Mosquito Creek".
- "Mineralisation over 3km strike at Red Setter".
-"Further Encouraging Visual Results at Cottesloe".
-Completed due diligence on the Crescent East Lithium and Gold Project and acquired it.
- went from 198,912,868 shares in Dec 2022 to 302,740,307 shares today.
- dropped from ~8.2p down to 1.2p share price.
And that's after a 2022 of "In Queensland, the Wishbone II project has almost doubled in size recently with the addition of Wishbone VI", "acquired the Anketell project and completed magnetic modelling over the large anomaly in the centre of the tenement which could prove to be notable", "RC drill program at Wishbone II and IV proceeded smoothly with copper and gold mineralisation found throughout multiple holes drilled".
> "Am I right in saying then that we paid £400,000 for the lease and found £160,000 worth of gold during due diligence? That must of been a kick in the balls to the seller"
Unless the seller put £160k of tempting gold chunks there to convince the buyer to part with £400k, lol.