Member Info for TastySalmon

The guy who posts 2-bit rebublican tabloid talking points is complaining about brainwashed sheep.

??

> Agreed Da_Gee...if they're still producing drill cores the 10 - 12 weeks turnaround for results clock just gets pushed further and further back.

From RNS 6th September: "In June-July 2022, Wishbone Gold completed its initial reverse circulation percussion drill program at Halo[...]. Results have been received from Intertek laboratory". So that's 1-2 months.

Interim Results RNS from 28th says: "We will continue to announce news as soon as we are allowed by regulations to do so."

Why have that catch "as soon as we are allowed" rather than whenever they have news?

> Anyone else piling in tomorrow on the huge hint in the interview that we are ‘in play’ by at least two majors?

Pepperidge Farm remembers that when we got Red Setter, we submitted the paperwork mere hours ahead of several other companies who wanted it. Was that not a land grab two years ago? And in the years since then we've heard Newcrest's CEO say they are looking for other opportunities, and they haven't bought into Wishbone. Why didn't Andrew Forrest buy into Wishbone instead of Greatland if the suggestion is that he wants Red Setter? Drilling season's coming to an end, time for a cliff-hanger. Find out next year.

> From Trader's Café post, "Alas, common sense dictates such results can only be released once all the drilling has been completed"

So what is RP suggesting is being discussed in the pubs? He also says you can't tell anything useful just by looking at the core samples, right?

> we had new operations in Central America and we were expanding in Africa and Asia ?! What on earth happened to all of that ??

Who knows; RNS "Trading Update and Extension of Reporting Deadline" from June 2020 might be relevant:

"COVID-19 has had a severe impact on the physical gold trade,
particularly in Dubai where the grounding of Emirates Airlines
on 25 March 2020 cut off the supply of gold from Africa and South America.
[...] Following the funding completed on 2 June 2020, Wishbone
now has sufficient cash for continuing operations and, from this
position of financial strength, is in discussions for new opportunities."

Huinhwa on Friday: "*So I suspect if we get something on Monday it will be saying that the Ore Reserve Estimate is completed and the PFS is progressing as expected - or something to that effect.*"

Monday RNS: "*We are happy to report that the ORE has been completed, and the results support the planned 15-year mine life. The JORC 2012 compliant statement and supporting disclosures will form part of the PFS publication, which is still scheduled for publication this quarter.*"

You totally called that.

> "*has a history of never amounting to much.*"
> "*i do not love RP he has never done ANYTHING? apart from rip folk off? please correct me if i'm wrong?*"

"Poulden’s credentials, which include a London and Harvard Business School degree, an Oxford law degree, and work at a leading merchant bank and accounting firm". His holdings in WSBN make him a multimillionaire. Search his name on the Companies House website, he's a former director of half a dozen companies and co-founder of several more. Sounds pretty successful to me.

> he wasn't convicted
> so there is a massive doc about RP being an untrustworthy sofo a ***** but that fine, he's moved on?

There is a massive doc of which a small part details his apparent non-involvement in a crime from 30 years ago and doesn't accuse him of anything, but you think you know better than two independent inquiries at the time and your support for that is calling people homo. Come on, is there nothing more recent or relevant you can de-ramp with? How about this 2018 talk he gave where he said that being an AIM explorer is a losing proposition so Wishbone was stopping doing that?

https://www.youtube.com/watch?v=sqIiorG0wWE ( www . youtube . com/watch?v=sqIiorG0wWE )

> Any background you need to know about richard poulden you should read this report from the U.S. CORRESPONDENT BANKING IN INTERNATIONAL MONEY LAUNDERING, his name appears 104 times

I read the bits about Poulden, and ... it doesn't seem damning like you are implying?
104 mentions of his name are mostly empty repetition.

What's the meat of it? A new kind of fraud happened to a new bank, a bank which Poulden was asked to co-found because he had business contacts and banking experience. Official documents show Poulden was there for 7 months and left before a £20M fraudulent transfer involving several organizations. The co-founder stated that Poulden left after then, which seems to be incorrect. Two large inquiries found nothing about the bank knowingly committing fraud. The cofounder ripped Poulden off to the tune of $200k. The cofounder said he had no banking experience and didn't know about that kind of fraud at the time.

Is that the relevant background, or is there more I didn't read?

Not "a gold 50p", but a size comparison to a normal 50p. Havieron is a huge find overall but that still means tiny flecks of gold in lots of dirt compared to the enormous chunk of yellow in the tweet photo. This picture claims to be a 2 gram bar of gold: https://i.ytimg.com/vi/oLM3jV96Oc0/hqdefault.jpg and that quantity gold mixed up in a ton of soil makes a significant find, the huge chunk of yellow in the Tweet photo is improbably huge to be actual gold.

And not PFP the company, that company is named after the idea of pathfinder minerals, as in "Gold minerals occur in association with sulphide minerals like pyrite, chalcopyrite, pentlandite and other gold pathfinder minerals" (from some random geology writeup). They are minerals which help you find the path to gold.

This is chalcopyrite: https://www.weinrichmineralsinc.com/products/chalcopyrite-2431005.php big chunks of yellow stuff.

> "*It would be suicidal for WSBN to have put that pic up unless they had a genuine belief it was gold on the cores.*"

It seems unlikely that it was gold. Look back at some of GGP's RNS results and one mentions "significant mineralisation [...] 2.4 g/t " - grams of gold per ton of soil - then Google how big a 2 gram bar of gold is and it's about the size of a 50p coin. i.e. GGP level significant findings means tiny flakes of gold totalling a 50p coin size spread through the volume of a small filing cabinet.

That core picture was yellow stuff the size of your palm in a chunk in the volume of a shoebox.

Pathfinder minerals, aren't they? Indications of a good place to look for gold, hopefully.

> Let's see how long before Poulden hits shareholders with the next placing. This is almost a comedy.

Unless I'm missing one, the last raise was 16 months ago, "Red Setter Exploration Update and Equity Raise" in May 2021?

> Strange silence. Not quite the results people were hoping for?

No indeed, I've commented on Halo since the RNS "Drilling Update at Halo Copper Gold Project" on 24th June which said only one hole had 20m of anything interesting and that was concentrated at a 1m section. I wouldn't mind gold-copper at Halo and silver-copper at Cottesloe, but the results we're hoping for are gold at Red Setter, which hasn't gone to the lab yet - as far as we know from RNS information.

They went investigating at White Mountain (IIRC) and didn't announce anything or proceed with any drilling. At Halo there's only drilling with no extra drills or fundraising or expansion. At Red Setter we've waited almost 2 years since acquiring it, 10 months since drilling preparations were announced and now drilling has started it's moved quickly to a second drill, then buying another nearby license from D. Lenigas who sold the Red Setter license, is invested to 7 figures and wants more shares, then quickly to a fundraise for more drills and further exploration; it's suddenly moving and now moving faster and faster. I like it.

"Hurr has anyone thought that if the results are bad, the market won't like it?" - yes, every deramper and critic has posted that, over and over for two years, that's the nature of exploration.

> "*It's like going half's on a caravan with a friend but then allowing a third person in at no cost. I now own a third of said caravan. How can this be allowed and is it less likely as the price goes north.*"

It's allowed because that's a big reason companies list on stock exchanges at all. They can issue stock, sell it to get money, then spend the money improving the business for everyone's benefit. If all goes well, you own a third of an upgraded caravan worth more than the half a worn out caravan was.

As a shareholder you get to vote whether the dilution should happen, whether you think the risk is worth it. Or if you don't trust the board, don't invest at all.

Another scenario is whether you'd prefer to take someone else onboard and use their money to pay the debt collectors and end up owning a third of a caravan, or risk having the caravan repossessed and own nothing and lose your money entirely.

On the bright side Wishbone's market cap is now about the same as Cineworld (CINE)!

> "Option to acquire 100% of Anketell Gold Copper Project Secured"

Not as exciting as Gold, but Cottesloe is silver/copper prospecting, Halo/Wishbone II which is currently drilling has tested positive for copper (recent Drilling update at Halo Copper Gold Project) and now Aketell is a copper prospect. A recent article at Mining dot com[1] talking about the "looming copper crunch" says:

> "*"The 2050 climate objectives will not be achieved without a significant ramp-up in copper production in the near and medium term, which will be very challenging,” the S&P Global report warns.*" and "*S&P Global forecasts refined copper production would nearly double, from 24.5 million tonnes in 2021 to more than 47 million tonnes in 2035. That still wouldn’t be enough. This results in chronic shortfalls between copper and supply demand beginning in 2025 and lasting through most of the 2030s*".

[1] https://www.mining.com/the-looming-copper-crunch-and-why-recycling-cant-fix-it/

> "apropos previous discussion regarding options. Up pops DAVID LENIGAS in today’s RNS."

Critics may wish to check an older RNSs to see how we got the Red Setter license, specifically this one:

"Mon, 5th Oct 2020 07:00
RNS Number : 0724B

Wishbone has signed an exclusive 45 day option to acquire the Patersons Range Project and has agreed to pay the vendors an option payment £50,000. Wishbone has already commenced due diligence on the projects and will complete this during the 45-day option period. Assuming that Wishbone proceeds to acquire the projects, Wishbone will issue the vendors (being Peter Romeo Gianni, Geonomics Australia Pty Ltd and David Anthony Lenigas) ..."

> "*If you read the RNS's you will find that they have not confirmed a gold discovery and that tells you that they know they cannot do so.*"

Compare the behaviour with Wishbone II - the RNS are rather subdued saying the most promising hole is hole #21, tests show copper, some encouraging mineralisation.

Now look at this, 2 drill holes and they have encouraging enough results to commit another drill rig and people. That new rig drills a hole, another RNS about encouraging results. People clearing the way for more drill holes, plans for more surveys. That's quite different behaviour - not gold yet, but something worth more attention.

Anyone know why they would commit another drill rig - could they not keep drilling quietly and cheaply with one? Apart from the obvious feeling of moving quicker, are there other reasons?

> "Happyhaddoc. I suppose what we are seeing is smaller investors coming in now ahead of assay results - we can't know exactly when they will arrive but it could be any day now."

Could it be? Yesterday's RNS said "The core has not been fully logged or cut by Terra Search, and will be dispatched for assay in the coming weeks." so weeks to send them then weeks of lab time. Do you know any have been sent already? I haven't noticed that they have.

> "*Is wsbn the real deal or another hyped exploration play."

It's a hyped exploration play; but we've got aerial magnetic surveys of Red Setter which say there are interesting anomalies down there, interest from Newcrest agreeing to work from their site; Cottesloe is in plan to drill as well, potential for copper and possibly more, and Wishbone II has had gold mines in the past and gold reported in samples by Terra Search in 2021 ( https://wishbonegold.com/projects/wishbone-ii-iv-vi/ ).

So, fingers crossed it's also the real deal as well.

> are we sort of expecting any sort of news? does anyone know?

On 21st March the RNS said "The Pre Feasibility Study ("PFS") began on the Amapa Project late last year [...] Completion of the PFS will be an important step towards unlocking the value of this deposit and I look forward to providing progress updates in the coming weeks.".

That was ~10 weeks ago. I wouldn't expect it on Monday but from memory of KM's last presentation, it's due in this Q2-Q3 midyear timeframe.

Not the first, or second, time that the shareprice was drifting quietly, then Cela24 appered with some aggressive de-ramping and insulting, followed a day or two later by a chunky rise and no Cela24 again.

Anyone else notice this, or am I seeing faces in clouds?