Member Info for TheBasher

@nero - your comment appears to demonstrate a lack of basic understanding of technical analysis. In short, TA is a mere reflection of the market. It does not drive the market. Maybe DuckGo or ChatGPT it for a fuller explanation.

Perhaps too much is being read into this? The wording can be interpreted different ways so I’m not putting any weight on the comment but will wait until there is an official RNS update.

My decision to take out a small % to increase my Wishbone Gold holding seems to have paid off. I’m planning to “repay” my Kazera holding this week with a % of the WSBN profits but watching the market closely.

Https://www.youtube.com/watch?v=p9b0BKBtVdg

13:50 in…

Https://www.youtube.com/watch?v=p9b0BKBtVdg

11:40 in.

Steady on.

How come you have switched your view on WSBN? Up until quite recently you’ve been posting about “lifestyle company”, “fooking joke” etc etc.

Re Bobsocks and Norwej - thats why I filtered them some time ago. Makes the chat room a much better place.

I’ve just had a great idea: why don’t I let the Market Makers know where they can mop up my shares by setting a stop loss? Stop losses are visible to the market, a market that can, allegedly, act in nefarious ways, for example moving a price to hit stop losses if they need more to either hold for themselves and then sell when the price magically recovers, or to fulfil a large buy order that will pay significant commission.

So no, I won’t be doing that. I will, however, watch the market closely myself and if I see a price / volume movement that warrants me to take action, then I will. Currently, I don’t plan to do anything but sit on my hands until either a)official news comes out or v) research reveals further significant information, and then reappraise, maybe to sell, maybe to hold, maybe to buy some more. As someone else said this morning, watch out for the sheep in wolf’s clothing.

You’re asking whether Richard Poulden was involved in the controversy surrounding the takeover of Sirius Minerals by Anglo American—and specifically whether he played any role in the “dirty tricks” or suspect dealings that harmed retail investors.

From authoritative records, Richard O. Poulden did not hold any executive role at Sirius Minerals at the time of the takeover in early 2020. He had previously served as CEO of Sirius Minerals, a period that ended in January 2012

MarketScreener

What Was Richard Poulden's Role?

According to MarketScreener, Richard Poulden was Chief Executive Officer of Sirius Minerals PLC, but only until around January 2012

MarketScreener

After that, he held no active roles at Sirius. Instead, he has been involved in other ventures—serving as CEO of Wishbone Gold PLC and holding board positions at NQ Minerals, Black Swan PLC, Anglo American Woodsmith Ltd. (a separate private entity), and others

MarketScreener

Vox Markets

.

What Happened with the Takeover?

The takeover by Anglo American occurred in March 2020, when Sirius had failed to secure sufficient financing and was under severe pressure. Anglo American’s offer of 5.5 pence per share (valuing the company at approximately £405 million) was strongly criticized as undervaluing the company, especially by hedge funds and retail shareholders who had paid much higher prices previously

The Guardian

+1

Proactive Investors

.

A notable shareholder rebellion took place in March 2020, and despite serious dissent, the deal went through: Sirius shareholders voted in favor of the takeover (with 80% support by value), and the deal closed soon after

The Guardian

S&P Global

.

Any Evidence of “Dirty Tricks” Involving Poulden?

There is no evidence in cited sources linking Richard Poulden to any wrongdoing during the takeover.

His official involvement with Sirius concluded nearly eight years before the takeover, and there are no credible reports or allegations tying him to the 2020 events or to any misconduct therein.

The controversies at the time were centered on Sirius’s leadership (notably CEO Chris Fraser and Chairman Russell Scrimshaw), the board’s handling of financing, and the fairness of the takeover price—not on any past executive.

In summary:

Richard Poulden was not involved in the takeover of Sirius Minerals by Anglo American in 2020. His tenure as CEO ended around 2012.

No sources suggest he had any role—or engaged in any deceptive or manipulative tactics—during the takeover that harmed retail investors.

The issues surrounding the takeover were rooted in Sirius’s financial collapse and possibly aggressive negotiation tactics by its then-board and Anglo American—not in Poulden’s actions.

I had a direct response from the Prof during the presentation and he intimated that the stock market tool WASN’T in the wheelhouse of capAI which is more focussed on media and bio tech.

…and the RNS to confirm what I posted earlier! The platform had not been launched.

Hilarious. Maybe the unintelligent posters will now take note.

Beautifully demonstrated by posters who cannot understand irony or correctly interpret a post. There is no hope for some people.

@dealer -do you really not understand my post? Bashing? Back of the class for you. Pop the whole of my post Into AI including the subject title and ask it to assess whether the post is being critical of the company or critical of those misrepresenting company information. Laughable.

Gotta love the filter button.

So a platform that will have invite-only users (that's been made clear by the company) have note released the platform for public use and everyone's getting worked up about it?

And why release an RNS to repeat what we already know,that there is a presentation later today?

Correct me if I'm wrong but nowhere has it been announced that the platform has been officially launched by capAI. And why would it? It hasn't even been beta tested yet.

Come on kids, pay attention.

You gotta laugh, as they are at people who think these short term intraday swings are significant rather than just the games they are playing. I’m very happily holding until the assay results come through.

I’m not short term trading in Wishbone- I’ve invested at a low level and now will sit on my hands until further official news comes out via the RNS service. All early signs from the deeper drill are extremely positive so I don’t want to be out if the news comes through with assay result that prove up the mother lode of gold - if it’s there. Meanwhile I will ignore all the “noise”.

Fibonacci retracement levels . Today it’s down further . The lower it goes , the higher the rebound can go. It’s already gone down through the 38% Fib level from the recent rise, and near 50%. I would not leave it too much longer to buy more if that’s what I wanted to do. If it goes to the 61.8 or 76.4 % and I get in there, even happier happy days! But if I leave it too late, then the rebound could be fast and huge and I will have missed the opportunity to top up at an attractive price. Am I bovered! Nah. Got enough in it not to worry, but it’s fun trying to work out the moves.

Risk vs reward. Always !

I make no excuses for using AI. it’s a lot quicker than me typing a similar response and will regularly add information so is more informed than yours truly. But, I often end up “arguing” with my new best friend as it doesn’t always have the experience to deal with nuances. That said, it has a good go and as time goes on, will only get better and better. It’s one of the reasons I’m invested here - as a one-time sceptic, having used AI in anger professionally I have been well and truly humbled and am now a “believer”! AI is, and will continue to do so at an alarming rate, transform the way we work.

ChatGPT: Retail investors with limited funds can still invest in expensive stocks like NVIDIA through something called fractional shares.Here’s how it works:

Traditional model: Normally, if a company’s stock trades at $900 per share (just as an example), you’d have to buy at least one whole share to invest. That can be too costly for some investors.

Fractional shares: Many modern brokerages (like Robinhood, Fidelity, Schwab, Interactive Brokers, etc.) allow you to buy a fraction of a share. For instance, you could invest $50 or $100 into NVIDIA even if a single share costs several hundred dollars. You’d then own, say, 0.1 or 0.05 shares, depending on the price.

Dividends and returns: If the stock pays dividends or increases in value, you get the proportional benefit based on the fraction you own.

Limitations:Not every brokerage offers fractional shares.Some only allow them for large, well-known companies.You might not be able to place certain types of orders (like stop-losses) with fractional shares.

So yes — you don’t need to save up for a full share of NVIDIA (or other pricey companies). Fractional investing lets you buy "a piece" of the stock with whatever amount fits your budget.

ChatGPT summary:

Richard Poulden was not involved in the takeover of Sirius Minerals by Anglo American in 2020. His tenure as CEO ended around 2012. No sources suggest he had any role—or engaged in any deceptive or manipulative tactics—during the takeover that harmed retail investors. The issues surrounding the takeover were rooted in Sirius’s financial collapse and possibly aggressive negotiation tactics by its then-board and Anglo American—not in Poulden’s actions.

Good to hear.

Let this sink in, again from ChatGPT:

Headline takeaways (from the model I shared)

Inputs used (editable):

Shares now: ~549m (Dec-2024 AR).

Red Setter ownership: 100% of EL45/5297; 57.4 km², ~13 km SW of Telfer and ~60 km W of Havieron.

EV/oz range anchored to recent junior/explorer comps (roughly US$20–100+/oz; I used $25 / $75 / $150 to span early resource → hot discovery). Benchmarks: explorer averages cited around US$50/oz in 2025 notes; some analysts use higher for standout assets.

FX: US$1.30/£ (assumption—edit as you like).

Scenario results (implied market cap & price):

“Motherlode” = 10 Moz AuEq @ US$150/oz EV ⇒ EV ≈ US$1.5bn → ~£1.15bn.

Implied price @ 549m sh: ~£2.10

@ 825m sh (50% dilution): ~£1.40

@ 1.2bn sh (heavy dilution): ~£0.96

Base = 4 Moz @ US$75/oz ⇒ ~US$300m → ~£231m.

~£0.42 (549m), £0.28 (825m), £0.19 (1.2bn)

Conservative = 1 Moz @ US$25/oz ⇒ ~US$25m → ~£19m.

~£0.03 (549m), £0.02 (825m), £0.02 (1.2bn)

For context, WSBN’s recent market cap has been around £9–10m, so even a modest resource can imply substantial upside vs. today, whereas a genuine “motherlode” rerate would be orders of magnitude higher—before considering funding, timelines, and de-risking.

Why these anchors?

Geology/proximity: Red Setter sits in the Patersons neighborhood with Telfer and Havieron (Havieron’s MRE has been in the multi-Moz AuEq range). That’s why the market sometimes applies “hot discovery” multiples when results hit.

EV/oz multiples: Juniors commonly trade anywhere from US$20–100+/oz depending on grade, jurisdiction, stage, and sentiment; 2025 sector notes show ~US$50/oz averages for explorers, with higher numbers assigned to standout discoveries in strong gold markets. The spectrum I used (25 / 75 / 150) intentionally brackets conservative through blue-sky.