Member Info for TheBasher

@paul1828 - I’ve been active in the market for far too long to sell up on unverified rumours or opinions, especially with a well timed purchase. I’ve seen several huge rises happen after impatient private investors have sold out - that’s how the market works. The transformational rise generally happens later than punters think it will happen, leading to disappointment and loss-making sells, and the pro investors making off with the spoils.

You could be right, you could be wrong. That’s the nature of this type of gamble, but it ain’t over until it’s over.

This is a little tinker of a share! A big fat carrot being dangled, with the company teasing investors which just enough information to create the impression that something big is around the corner. Which may well be the case but cor blimey guv’nor, they aint making it easy for investors. Luckily I took my position prior to the big rise, so thankfully still in the blue, making it easier for me to hold fast, but I can imagine why some would sell up.

But what has materially changed in respect to Red Setter specifically (not the corporate actions) since I decided to invest? Nothing. I invested on the geo, so it’s the results that I am waiting for. Will they or won’t they live up to expectations? That, my friends, is the company-defining issue. I guess I will have to wait a bit longer to find out.

In response to @LOTM-13 ‘s post (below my reply):

I am not delusional. Everyone should know this is a high risk/high reward bet. Have you for one moment thought that the company may have crossed the regulatory line when posting on X the pictures of the assays etc, and may have been warned to wind their necks in? Or that they have decided to report on the entire drilling campaign in one go? I for one assume that they do have a drilling campaign but they are not compelled to share every last detail of company activity with shareholders. You have made many un-evidenced claims, stating them as though they are fact and not just your opinion. And as your opinion, what verifiable qualifications do you have to make such bold and potentially libellous claims?

I am a mere private investor with 30-years in the market. I have opinions based on what I know, and by that I mean information that is verifiable and can be fact checked (eg official news via RNS, statements made via interview, partner activity and posts ie Geo etc) plus general research of the sector and the location/jurisdiction.

As a parting shot I quote Donald Rumsfeld: “There are known knowns, things we know that we know; and there are known unknowns, things that we know we don't know. But there are also unknown unknowns, things we do not know we don't know.” Sums up Wishbone pretty well, don’t you think?!

This will do what it will do. Ignore or filter the noise, and patiently wait for this gamble to play out.

LOTM-13 stated, amongst many other claims:

“Anyone who doesn't believe that the BOD already has the full assay results for hole 25RSDD001 is delusional & just kidding themselves. Those cores were in the ALS lab on 2nd Sept. That is 14 weeks come Monday & were "expedited" The silence says it all they are drilling away as fast as they can in the hope of finding an intercept that might negate those assay results. No pictures of cores for over 5 weeks now, no rig pictures for over a month now. Say's it all, the BOD have completely sucked the life out of WSBN's shares. LOTM-13”

*consolidation

@LOTM-13 - give it a rest, kiddo. You were rumbled some time ago. A wannabe keyboard warrior at best, a troll at worst. The sp was declining regardless of the considering due to lack of news. Your retrospective decision making is laughable.

Do us all a favour and take yourself off to the youth centre to release some pent up energy.

If people are basing their investment decisions on comments from anonymous posters on a bulletin board, be they rampers or bashers, then more the fool them. You can’t blame the “rampers” (if that’s what they are) for your own stupidity for listening to and acting on those comments.

I bought in because of the rising price of gold, the geology, and the jurisdiction plus other signs such as Directors buying in. A £100k purchase ain’t pocket money. Nothing has changed in respect to the prospects here, and it’s the assays, and only the assays, which will be the company definer. Ignore the noise.

And I mean “I hope so” in the context that I still hold, not because of other PIs losing out.

Things seem9 have turned almost ccompletely negative here. Is that a sign that the market has done its job, and now long term holders will emerge, mop up the shares and then we see a major positve rerate, leaving the PIs thinking "that should have been me"?

It happens when things are so negative, and when there is potentially transformational news imminent. I hope so. We will see..

Via X:

@KazeraGlobalInv

'The Swanson Tantalum Project - Namibia’s emerging critical minerals development'

Extractor Magazine has published an in-depth look at Namibia’s Tantalite Valley, covering the district’s long history, geology and ongoing tantalum activity.

Given Kazera's own operations in the same mineralised belt, the piece offers useful regional context on an area that continues to demonstrate its strategic importance for tantalum and associated critical minerals.

https://theextractormagazine.com/wp-content/uploads/2025/11/Extractor-Magazine-Vol-3-Edition-58_03-11-2025.pdf

@Bondy123 -re scaling up production: the answer is in the report. They have a manufacturing partner.

There has to be a reason for this sustained near doubling of the share price. Is it the prospect that they are sitting on a mahoosive gold field? I guess we will find out soon enough when the assay results are announced, which is all that matters at this stage. Tick tock.

Morning all. For a more balanced, evidenced view on this I asked ChatGPT: “ In the UK, do share consolidations generally lead to a decline in MCAP?”

After a bit of back and forth, th is part of the answer:

What the academic / empirical literature says (short summary)

Short-term (around the reverse-split date, ~30 days): Multiple studies find negative abnormal returns on average around reverse splits — i.e., market caps typically fall in the short window after the effective date (announcement/effective date abnormal returns often negative). This is well documented across markets.

Medium/long-term (≈180 days): Mixed. Some studies find partial recovery or improved liquidity later; others show persistent underperformance and an elevated delisting/poor survival rate for many reverse-split firms (because many are fundamentally weak firms). Outcome depends heavily on the firm’s health and why the split happened.

Full answer here: https://chatgpt.com/s/t_692ab0100e648191aad09972519bf528

As others have mentioned, it’s all about the assay results now…..

@sazzle17 - this is basic maths. If you can’t grasp this, you shouldn’t be managing your own investments. Your monetary % and share % of the company remains the same and the value of the company remains the same, therefore your ROI is not affected.

All that happens is that instead of there being, for example, for a company valued at £1m with 1,000,000 shares (@£1/share) of which you own 10,000 shares (ie 1%), there would now be 10,000 shares (@£100/share) of which you own 100 shares (ie 1%) .

What a joke these posts are. Just leave the company to do what the company does, or is intending to do.

Thank goodness the muppets aren’t in charge.

26-Nov-25 15:40:35 0.7806 22,000,000 Unknown* 0.77 0.79 171.73k

At the time of this trade, the mid was (as indicated by IG) 0.7951 so it is above the mid, indicating a BUY.

Sorry, can’t be arsed to read the huge thread, just to say that on HL I applied this afternoon and application was acknowledged. Decision on allocation to be made on 4th December:

Key Details

• Applications are scheduled to close at 4pm on Wednesday 03 December. However, due to the nature of the fundraising, applications can close at any time without prior warning.

• Shares are being offered at a fixed price of 1.5 pence.

• For every two shares you are allocated, you will receive three warrants.

• The minimum application for the Retail Offer is £100.

• The Retail Offer is capped at a maximum of £300,000, meaning that if the total value of applications received by the Issuer exceeds this figure, a scaling back policy is likely to be applied.

If you apply for shares, you’ll receive two further secure messages. The first will confirm your application and will be sent shortly after 5pm on Wednesday 03 December. The second will confirm how many shares you’ve been allocated; this will be sent on Thursday 04 December.

What are the terms of the warrants?

Each Retail Offer Share issued will, subject to shareholder approval, carry a three-for-two warrant granting the holder the opportunity to subscribe for three new Ordinary Shares for every two Retail Offer Shares held, exercisable at 2.5 pence per new Ordinary Share for a period of 12 months from Admission.

*drilling (not draining)

I’m still up nearly 100% (and no, I didn’t take out my original stake when nearly 4x due to medical distractions) and eagerly await draining news and outcome of EGM. Well positioned to benefit from any subsequent positive news, and a lot of downside protection if news isn’t so good. Bring it on.

Its good that we have these discussions. @AGBR , I interpreted the same, that @steven49 was intimating the buy price of the warrants was lower than the exercise price of 2.5p. I dont believe that to be correct - I think the buy price is the same as the exercise price. Happy to be corrected on that if that isn't the case.

I like the idea of being guaranteed but not obligated to buy shares in the future and sell them immediately at a profit. I could always find the money for that type of transaction - in my view its the company's way of incentivising and rewarding investors for supporting the company now. Not often the humble private investor gets such an offer.

@steven49 - do you understand the significance to the existing retail investors of the warrants that are on offer to them?