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Please take time out to cool your jets man. You seem to be obsessed with Rich (gettit 😂) Poulden to the point at which it could seriously become detrimental to your health/sanity. Defo not good times here with the share price currently and a lack of comms but to constantly deride a share in which you are supposed to be invested in and looking for an exit price from is just plain crazy bonkers imo. Bought twice today for my trading investment a/c so ave of 1.15p. SIPP long term holding has a 1.41p ave. Won't take much news to bust through them both methinks. :o).
Hi diggit,
Not obsessed, but I do feel the enormous red flags need to be highlighted re Poulden & our precarious financial position.
Don't get me wrong, I'd LOVE IT if the sp soared, but I can't in all good conscience sit back and say nothing when I know how bad it is, as do other on here. My investment is small enough that it won't materially impact me but others, less experienced in smaller companies & looking for big things, need to know the not so insignificant risks of getting involved with this guy. They could easily lose the lot. Information is the key :)
That said, I take the hint and, subject to CrispyHaddock refraining from posting his hysterical slavish devotion to Poulden, I'll reign it in a wee bit :)
Rp resides in United Arab Emirates
I thought he’d be better positioned in Australia where u am now. Not far from Cottesloe actually
That’s quite a large drop on no news. Quite strange actually
I think tomorrow might be interesting
> And then ignore it. Hopefully, it'll show Poulden we've rumbled him. With no new money he can't keep the ponzi going.
> please tell me you haven't bet the house on this ponzi?
Given that Ponzi schemes are illegal frauds, Wishbone has raised £1M+ over many years, and how honest and straightforward you are - you're going to be posting the police crime reference number you got when you reported it?
"Oh I've been called out on my crap again, uhh, I was just libelling a barrister for a laugh, lol" ?
Watching progress at Red Setter isn't "delusion", "slavish devotion", "Alice in Wonderland", or "complete denial", it's just watching a small explorer take a high-risk gamble. If you have evidence those progress reports are faked you should be reporting it to the authorities, not calling people names on the internet trying to sound more-world-weary-than-thou. That was lame when George Carlin was doing it 40 years ago.
Wishbone will have to raise money at some point, yes of course, that's been the case for all these years, the sky isn't falling.
CrispyCod,
Lol!
At least ELEVEN fundraises in TWELVE years, from millions of shares to billions of shares, then consolidation back into the millions again, and the share register slowly going back up again with absolutely nowt to show for it so far.......
I think his record speaks for itself. Methinks you're RP - I claim my prize :)
> with absolutely nowt to show for it so far.
Haven't we been over this? The RNSs which you said were "Poulden's words which don't lie" have showed a lot that Wishbone has done with the money. Pivoting at least four times into several different business ventures. Things you're tired of me mentioning, things the company has done which took time and money and effort.
You're deliberately misrepresenting that and therefore a dishonest person. Q.E.D.
Listen in TunaMayo,
He can buy as much dirt as he wants, but where's the gold? All this land, with "potential" & "visually encouraging" signs means absolutely NOTHING.
12 years and he's not mined a single ounce out of the Paterson, not ONE measly ounce. He WILL fundraise again this year & that's a fiscal fact.
"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".
You keep buying mate, in fact fill yer boots & load up to the hilt on WSBN, after all it's a sure fire winner, right?
Once you've pushed it up to the dizzying heights of 3.4p, I'm out!
I want 3.4 as well babe
Let’s hope
I want to hold hands and pray with you
> 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
Listen in CrispyHaddock,
Lol!
There's no money beyond this year. Deal with it!
Poulden is stringing everyone along.
You are blinkered and in denial. Deal with it!
Listen in CharlatanRegina,
There's no money beyond this year - but there wasn't last year, or the year before, or the year before; I know this because I've been watching and reading the RNSs for years; how are you only just noticing? Where have you been the past 4 years?
> Poulden is stringing everyone along.
So why are you here? Why did you buy in? If nothing's changed for 12 years in your mind, didn't you see that before investing? If you didn't buy in the last ~4 years for the gamble of Red Setter after GGP and Havieron, why did you buy in? If you did buy in for Red Setter, why are you suddenly upset now we're in the middle of exploring it, when the financial situation hasn't changed in years but the exploration situation has progressed? If you bought in even earlier, how are you only just noticing what's going on? None of this makes sense.
> You are blinkered and in denial. Deal with it!
You keeping saying I'm denying this, where have I denied it? I haven't, you're making it up. You are panicking about getting your money back, flustered about Ponzis and frauds, accusing people of being gullible and blinkered and in denial and betting their house on Wishbone, are you ... projecting your situation onto me? I can reassure you that my home is not at risk, my pension is not at risk, and if I lose everything I invested into Wishbone the only thing that will be affected is my mood, I won't be reduced to eating gruel, my day to day life of going to work and spending less than I earn will continue.
Listen up CaptainCodPiece,
There's no money - you said it yourself: "There's no money beyond this year - but there wasn't last year, or the year before, or the year before."
So you'll blindly accept more and more and more share dilution, just like Poulden did before? Which will massively devalue your WSBN holding - he's already lost you 99.56% of your original investment over the last 12 years.
I doubt Poulden will ever find the gold. His track record is what you should all judge him on - fund raise, buy dirt, make questionable statements about "similar to Telfer/Havieron, visually encouraging" and some completely random pictures of someone else's golden nuggets, followed by another fundraise, buy more dirt, make more vague statements etc etc etc, rinse and repeat.
I would LOVE to be proven wrong, but the detail is in 12 years worth of RNS's for all to see - except CaptainFIshFace & a few of his followers.
Gold could be $10K an ounce right now, but it doesn't matter - because we still haven't got any to sell after 12 long, fundraising, shareholder diluted years!
Poulden takes £300K a year out of WSBN, and then charges "consultancy fees" on top! Still, back to work for you so you can fund Mrs P's luxury cruise this year. I'm sure she's grateful for your unending generosity & unshakeable faith.
Charterex didn’t you do your own research before buying in here?? Coming across as a 2 year old
Grow up and move on
I’d never invest in a company called Wishbone with its main activity being hunting for gold 😂
Herpaderp CharredWrecks,
> I doubt Poulden will ever find the gold.
> I would LOVE to be proven wrong
"The results confirm a significant gold system with a mineralised strike over 3km." - RNS December 2023.
:)
I didn't buy in 12 years ago. Waiting to see how Red Setter turns out is not "unshakeable faith". There's 2 more wrongs for you to love.
> "but the detail is in 12 years worth of RNS's for all to see - except CaptainFIshFace & a few of his followers."
12 years for all to see and you are only just noticing now. Answer some of the questions - what did you buy in for and when and why?
> "Gold could be $10K an ounce right now, but it doesn't matter - because we still haven't got any to sell after 12 long, fundraising, shareholder diluted years!"
If Wishbone had lots of gold to sell 9 years ago, the share price would have been too high for me to want to buy in. If you want big already-profitable companies, why didn't you invest in Tesco or Apple? I didn't because I wanted risk with a chance of high return.
> "Poulden takes £300K a year out of WSBN, and then charges "consultancy fees" on top! Still, back to work for you so you can fund Mrs P's luxury cruise this year."
I had no idea CEOs got paid money or that being working class meant I was enriching the wealthy. Why don't I cut off my own nose, that'll show him. Oh yes, actually I did realise those things. I'm stuck with those things because of my parent's bank balance at birth I will always have to work for money and that work will always benefit people wealthier than me more than it benefits me. Not buying into Wishbone wouldn't have changed that, selling out of Wishbone now wouldn't change that.
If someone of your intelligence, charm, wit, and worldly wisdom ended up in the same share I'm in, what hope does that leave me? But when you find the company with a CEO who works for free, a track record of solid stable business and never trying anything different to see what sticks but is undervalued by the market, AND is a sure-fire winner for a large discovery or development which could multibag the share price - at no risk - feel free to let me know.
Otherwise, tell me what your point is - you're desperate for me to sell out now - why? What will that do for me?
Listen up CaptainCalamari,
WSBN isn't going to make anyone rich, except Poulden & his missus. He's stringing everyone along. 3.4p and I'm outta here, (if it ever reaches those dizzying heights again). We'll all be long dead before he ever gets an ounce of gold out the ground.
What can I do for you, I hear you say?
Try AET (Afentra), I'm up +300% on my initial investment, with plenty more to come. Still not too late to make good money on it.
For a punt, try either ECO (ECO Atlantic) or MILA (Mila Resources). ECO has some of the biggest & best ground offshore Guyana, Namibia & S. Africa & are currently awaiting multiple farm out deals. Mila has found gold and also signed a JV with Liontown Resources to drill for lithium on their property. 2 very decent "punts" that are actually moving forward, unlike WSBN with it's "maybe jam tomorrow" BS.
So there you go, one guaranteed money spinner & 2 punts that could easily shoot the lights out. That's what I'll do for you - give you hope :)
> Try AET (Afentra), I'm up +300% on my initial investment, with plenty more to come. Still not too late to make good money on it.
Afentra, profit history:
2019 1.6M loss
2020 1.91M loss
2021 4.99M loss
2022 9.09M loss
2023 2.7M loss
"Afentra's CEO is Paul McDade, appointed in Mar 2021, has a tenure of 3.25 years. total yearly compensation is $900.61K"
So he's taken $3M out while losing the company $18M ?
Net asset value per share:
2019: $0.20
2023: $0.12
Almost halved the asset value per share.
Look at the RNS history, company (re)launched in March 2021, in just five months by October 2021 they had announced a non-binding interest in buying something. Four months later (and ~$825k richer) they had progressed to announcing that they were still interested but negotiations had gone nowhere yet. Two months and $150k more CEO dollars after that, they announced that they were still interested but nothing was guaranteed. Six months later by October 2022 (and $450k richer) they were pleased to announce that they were still in discussions and were pleased to announce that they had extended the deadlines. Nevertheless, it's not like they were doing nothing, by July 2023 they were pleased to announce that they were still in negotiations.
It's at this point that you come in, presumably, complaining that they are scammers, fraudsters, enriching themselves, never going to make any money, buying a dud because who would sell an oil well for less money than they can get by keeping it, that investors are gullible, and think up some "hilarious" names for all involved. Right?
Then look what happened. The deal went through, they sold a boatload of oil, it turned out well, therefore hindsight shows it was always going to.
Although, comments on the Afrentra board "Debt year end position higher than expected and dilution mentioned as potentially an option ahead. When ceos say this its always going to happen, the warning. Also they were quite clear that no deals will happen any time. Heavy selling volume also suggests other large holders are thinking, doing the same."
Wouldn't happen to be here trying to find someone to offload your shares to, would you?
Listen up FishFace,
What on earth are you talking about!? You really haven't got a clue!!!
Afentra are generating cash hand over fist & will be until at least 2040, and that's before they sign off on their latest deals. They picked up producing assets for absolute peanuts as part of the IOC's divestment programme.
I defy ANYONE on this board to go and check it out & tell me I'm wrong! Read the RNS's if you can! Understand the deals if you can! Do some REAL research!!!!!!
You've then copied and pasted a post from ONE random poster - JPBrown - who only registered on the site YESTERDAY - and took his one negative post as gospel! Have a look at what the rest of us are saying about him - he keeps popping up in various guises trying to disrept the board because he's a short seller!
Geez, I try to do you a nice favour & you come back with this? You deserve to lose everything.
I won't be selling a single share. I got in at 17p & they're now about 57p, with plenty more to come over the next 5-10 years.
Don't forget to send Mrs Poulden some more spending money for her cruise later this year. What a loser you are.