RE: Charta8 Jun 2024 21:28
> 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
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