Tuesday 30 May 2017 | The one stop source for free breaking news, expert analysis, and videos on AIM and LSE listed shares
In this video from the storming success that was the 2017 UK Investor Show, Richard Poulden, CEO of Wishbone Gold (WSBN), is at the podium. And make sure that you keep April 21 2018 free for next year's UK Investor Show.
Okay this is a Proactive Interview so it is not exactly probing. The slippery little twit asking the questions is no Paxman. But we own shed loads of Wishbone Gold shares (WSBN) so, as Richard Poulden gives a very upbeat explanation of where the company is heading, we are happy to give it the oxygen of publicity. Enjoy.
AIM-listed gold trading play Wishbone (WSBN) has announced the signing of a joint venture deal SION Honduras which will provide funding and expertise to existing small gold mines in Honduras so as to assist with the increase in production. The good news for Wishbone is that the deal involves all the output from those mines being supplied to Wishbone – at preferential prices – in a deal which runs for 30 years.
You want your share tip of the year to have the potential to double or treble. You will not get that with GlaxoSmithKline (GSK). Equally it is incredibly unlikely that you might lose 75% of your cash on Glaxo. Elephants do not gallop eith forwards or backwards. My third tip of the year is a stock that could lose 75% and become a cash shell. But it is also one that could easily treble and I think he odds are on the treble not the collapse. I refer to Wishbone Gold (WSBN)
Just when Wishbone (WSBN) shares were getting going again after the last placing conducted by Belfort Securities to their spiv share flipping bucket shop mates, here we go again. Boy my morning has started well: not only do I have to suffer more laziness and abusive emails from my lazy, greedy bitch of a selfish bitch of an ex wife but this as well. I want to go back to bed.
My last comment on Wishbone Gold (WSBN) was not exactly positive. The company's shares had raced ahead, in part methinks, down to comments made by me saying I'd not be selling until the shares were closer to 2p than 1p. It then raised £600,000 at just 0.75p with broker Beaufort Securites trousering not just commission but warrants. I write a fairly vicious piece HERE. But we did not sell and at 1p are still holding and hoping for better. I swapped emails with chairman Richard Poulden last week.
I apologise to one and all over Wishbone Gold (WSBN) which has today completed a £600,000 placing at just 0.75p with broker Belfort Securities handing out shares to spiv bucket shop flippers. This was not on the script and I cannot recommend a purchase of the shares at 1.15p-1.2p. That the shares are up a tad today but fell in the run up to his placing tells you everything you need to know about forward selling on the AIM casino, especially when the broker is Belfort.
We are almost 200% ahead on our investment in Wishbone Gold (WSBN) with the shares at 0.815p and I must admit that in recent weeks, I have, several times, thought about banking a few gains. But then came Thursday's statement from the company and I did the maths again - am I mad? This stock could still be extraordinarily cheap. Hear me out before you send for the men in flapping white coats.
Why on earth it took Wishbone Gold (WSBN), the owner of the Black Sand gold trading business, two working days with a weekend in between to release an AGM statement is beyond me. Amid the uncertainty that caused we loyal shareholders suffered as the shares slid. But better late than never we had an RNS yesterday and it was good news indeed.
For what it is worth Wishbone Gold (WSBN) reported a loss of $1.12 million for calendar 2015 but that is all in the past. Perhaps the most noteworthy element of the historic numbers is the fact that the auditors cannot verify almost $100,000 of travel expenses and flag this up.
Shares in Wishbone Gold (WSBN), which is still not doing a placing as a certain ex bank robber insists but instead is raising debt but not for PLC costs, have slipped to 0.475p prompting a couple of readers to ask if Richard Poulden said something bad at the Mining Capital Conference yesterday?
Notwithstanding the lies put about by a former bank robber regarding Wishbone Gold (WSBN), its shares have raced ahead in recent weeks and, as a happy holder, I see more upside. Watch the presentation from the show (something a certain ex bank robber did not do) and you will see why.
Wishbone Gold (WSBN) shares raced ahead on Friday and it was thus forced to issue the statement below:
We guess everyone is hearing the same sort of gossip. The word on the street is that Wishbone Gold (WSBN) is making good progress on securing the debt facilities needed to start trading in gold bullion. and that should lead to a massive ramp up in profits very quickly indeed. As such any RNS confirming debt is in place will see the shares race ahead. Bring it on.
"Oh no" you say, "not that old dog again". Yes it is that old dog with a Wishbone (WSBN) but everything changed two weeks ago with a quite transformational deal. The market has not twigged just how transformational this deal is. The shares are a buy at 0.31p with a (cautious) target price to sell of 0.6p.
Richard Poulden, the barrister and entrepreneur who built potash play Sirius Minerals by acquisitions around the world into a company with a stock market value of more than £200 million, confesses to one particular enthusiasm: gold. He argues the stage is set for a major increase in the price of bullion, largely attributable to the machinations of the People’s Republic of China, and, as executive chairman and key shareholder of AIM-quoted Wishbone Gold (WSBN), he is seeking to grasp opportunities among newly producing or soon to be producing gold projects.
Our pals at Mining Maven have another free event in the City of London on 26th June. Not only do you get free booze and food but there are presentations by two good friends of mine, Kerim Sener of Ariana Resources (AAU) and Richard Poulden, the uber-libertarian CEO of Wishbone Gold (WSBN). I had a drink or seventeen with the leader of the free Libertarian resistance earlier this week and thinks look interesting at Wishbone. There is also a decent looking bird, Jan Skoyles speaking on macro themes.
Direct from the Queen Elizabeth Conference Centre a video featuring a UK Investor Show 2014 presentation by Clive Hyman of Wishbone Gold (WSBN)
We do not really do tips of the year at HotStockRockets since our timeframe is three months. We thus offer three selections today with the caveat that we expect to tell our readers on HotStockRockets to bank gains well before the start of spring. The first tip for today is Wishbone Gold (WSBN) at 3p (offer) – already 20% up on our original tip of a few weeks ago but, we think, set to fly.
The Opportunity: Small gold exploration stocks are loathed and reviled. For good reason.