Member Info for TheBasher

@Manifesto - what’s your prediction for a timeline and placing price if a placing happens?

Me, smug?!

TheBasher

Posted in: WSBN

Posts: 1,717

Gold 🚀. Wishbone bouncing ⬆️12 Dec 2025 13:14

Gold back on its upward trajectory with Wishbone showing signs of the inevitable bounce after the first tranche of (weak) holders fleeced. Shameful yet predictable.

@Manifesto - a voice of considered comment, whether you like/want to hear it or not. There is certainly room to consider both sides of the argument re the road application: is it to provide access for the current funded drilling programme, or is it forward planning for when they need regular access with heavy plant? If the former, then it’s going to be a heck of a wait until results are forthcoming, and if the latter then business as usual and hopefully results within a few weeks. Whichever it is, the Geo, proximity to other successful mines, upward trajectory of gold, safe jurisdiction, haven’t changed but maybe a huge dose of patience will be required.

Gold back on its upward trajectory with Wishbone showing signs of the inevitable bounce after the first tranche of (weak) holders fleeced. Shameful yet predictable.

So only if posters are invested are they, according to you, allowed to visit, read or, heaven forbid, allowed to post? Get over yourself and behave like a reasonable adult human being.

I only drop back into this board occasionally now - as a former investor in KOD I’m still watching to see if I will reinvest. This board has lost all credibility with the likes of certain posters dominating the narrative, and character, of the board. It’s turned into a cesspit of insults, misinformation and bullying. It is no wonder the FCA are starting to look at bulletin boards and considering taking action:

https://www.proactiveinvestors.co.uk/companies/news/1083477/lse-reportedly-targets-wild-west-bulletin-boards-in-crackdown-on-market-abuse-1083477.html

https://www.fca.org.uk/news/press-releases/fca-expectations-bullying-harassment-violence-deepen-trust-financial-services

Come on guys, whatever your agenda, give it a rest.

@mcsquares - exactly this:

“Look at the history off GGP. I have been there since they were an explorer. Guess what they are now. If WSBN manage to have the same luck and follow a similar pathway then maybe one day they will need the road and mine. I am happy to take the gamble as I did with Ggp that wsbn day will come. Risk/reward wasn’t great post placing however at these levels lay your bets - the aim casino is open”.

… when I was first researching lithium explorers/miners a few years ago, and when this was in the mid 30’s, that I got abuse for suggesting that investing in ATL was too risky due to the lack of licence. “It’s just a matter of process”, “it’s as good as granted”, “Ghana want this approved as much so we do”. Yep, they certainly do, to maximise their financial reward, and guess who holds all the cards? Ghana by any chance? It’s still high risk.

I hope other investors could see the wood for the trees too, and didn’t listen to abusive rampers.

@mcsquares - and yet it’s still the closing price. Who are you arguing with? I think this will end up being much higher soon. You think it’s so the MMs can square the books and orchestrate bonuses. Maybe. I think it’s because the PI has been played, yet again, by the market that will be greedily mopping up the shares from distressed weak holders who have been manipulated, and who will watch in despair as the ones on the inside enjoy multi bag gains that “should” have been theirs. Or a combination of both. But what do I know 😉. Only 30 years in the market, the majority of which running a desk. My own desk 😜!

Let me spell it out for you:

The UT is formed by matching all auction orders at a single equilibrium price that maximizes traded volume. It indicates the true supply/demand balance at closing and is generally seen as more robust and representative than the last continuous trade.

You may shout it was only for x number of shares, but facts are facts - let's see how this plays out over the coming days and weeks.

I’m not feeling any ouch today. Both here, IG, HL and Google Finance showing 17% rise maintained.

@LOTM-13 - so many personalities it brings another dimension to schizophrenia.

Here are the ICC’s definitions:

https://www.trade.gov/know-your-incoterms

The Incoterms® are a set of 11 individual rules issued by the International Chamber of Commerce (ICC) which define the responsibilities of sellers and buyers for the sale of goods in international transactions. Of primary importance is that each Incoterms rule clarifies the tasks, costs, and risks to be borne by buyers and sellers in these transactions. Familiarizing yourself with Incoterms will help improve smoother transactions by clearly defining who is responsible for what and each step of the transaction.

The Incoterms® 2020 rules are updated and grouped into two categories reflecting modes of transport. Of the 11 rules, there are seven for ANY mode(s) of transport and four for SEA or LAND or INLAND WATERWAY transport.

The seven Incoterms® 2020 rules for any mode(s) of transport are:

EXW - Ex Works (insert place of delivery)

FCA - Free Carrier (Insert named place of delivery)

CPT - Carriage Paid to (insert place of destination)

CIP - Carriage and Insurance Paid To (insert place of destination)

DAP - Delivered at Place (insert named place of destination)

DPU - Delivered at Place Unloaded (insert of place of destination)

DDP - Delivered Duty Paid (Insert place of destination).

Note: the DPU Incoterms replaces the old DAT, with additional requirements for the seller to unload the goods from the arriving means of transport.

The four Incoterms® 2020 rules for Sea and Inland Waterway Transport are:

FAS - Free Alongside Ship (insert name of port of loading)

FOB - Free on Board (insert named port of loading)

CFR - Cost and Freight (insert named port of destination)

CIF - Cost Insurance and Freight (insert named port of destination)

@Cebo-456 - well said, and less verbose than my reply to @GGPThruandtru !!!

@GGPThruandtru - you are wrong and misleading on many accounts. Jut because someone posts facts does not make them dangerous. I would not expect anyone to buy or sell based on an anonymous post, but I will counter misinformation.

From my experience of driving in remote areas of Australia, remote area roads are generally compacted gravel. So I checked that and costs with ChatGPT. In summary, it’s not like building a new link road in the UK!

Typical cost ranges (per kilometre) — ballpark guidance and what they mean These are broad ranges because remoteness, geology, water, access, required standard, and culverts/bridges drive cost:

Very basic cleared track / farm track standard: A$1,000 – A$10,000 / km Minimal clearing, light grading. Cheap but will require frequent maintenance and is unsuitable for heavy vehicles or wet seasons. (Indicative only — depends on clearing and whether any drainage or culverts are needed.)

Gravel resheet / formed unsealed access (typical explorer access): A$20,000 – A$80,000 / km. This covers clearing, basic formation, supply and spreading of gravel (sheeting) and compaction, with some cross-drainage. Many local council resheeting and AustStab examples fall into the lower part of this band for modest widths. For example, in-situ stabilisation reports and council resheet figures indicate typical resheet/stabilised unsealed costs in the ~A$22k–A$40k/km bracket for a 6 m width in many projects. AustStab

Stabilised unsealed road (polymer/lime/etc) — stronger surfacing to reduce maintenance: A$30,000 – A$120,000 / km If you require dust control, longer life, or to allow heavier/light-truck access without frequent resheeting, stabilising the pavement pushes costs up. AustStab case studies give construction costs for stabilised 6 m wide unsealed roads in the low tens of thousands per km (example ranges A$22.5k–A$39k quoted for certain stabilisation methods), but real projects vary with binder, material hauling and remoteness. AustStab

Engineered heavy haul / sealed upgrades (for permanent production haul roads): A$200,000 – A$2,000,000+ / kmHeavy structural pavement, deep formation works, large culverts/bridges, and sealing; remote projects and major upgrades can be very costly. National benchmarking shows sealed/rural arterial works are typically in the hundreds of thousands to millions per km depending on standard; long remote projects can average around ~$0.8–1.1M per km for major long gravel road projects in extreme cases (example: large gravel road projects overseas/long haul projects). Expect much higher costs where long distances, large drainage structures, or heavy truckloads are required.

BITRE

Not surprising. After the MMs have had their games, this could be the turning point. Weak holders gone, some have lost a chunk, and now it’s the turn of the bigger players who will hold to the end for transformational gains. We will see.

That’s why the filter button is so useful.

@Chiefs : 🥴!

@Skippysb01 - well said. That is exactly where we are. All this noise is so irrelevant. Turn it down or off. And for those invested but now at a significant loss: I have held a position in KZG for many years, and at one time was 85% down. With a modest amount of averaging down at that point, as soon as the sp started recovering it made a huge difference to how quickly my losses were made back, and I am now in profit with the company on the cusp of transformational news. I am not saying the same will happen here, just pointing out what can happen when it feels like the chips are down. I note some posters indicating that they think WSBN is now very cheap given the potential, and others saying technically it is oversold, so it’s food for thought.

I am fully aware that this is a high risky, high reward opportunity, and that I risk losing my money, but I am holding for the assay results. Good luck to all genuine holders.