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Wishbone – loan conversion & tiny warrant exercise: more good news - still a buy

By HotStockRockets | Wednesday 2 January 2019


Disclosure: Financial Investigative Media Limited, which is not owned by Tom Winnifrith but by a trust for his dependants, owns shares in companies mentioned in this article. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


This is good news. Expect more good news in early 2019. Wishbone Gold (WSBN) has announced that it has issued another 207,297,514 new ordinary shares to Sanderson Capital allowing the lender to convert 63% of its outstanding loans: £258,500 out of £407,141. The conversion price is based on the 30 day MA and is 0.1247p and Sanderson has agreed it will not sell any shares without permission, which we hope will not be given for some time...

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