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LON:WSBN

Wishbone Gold PLC

SPECULATIVE BUY 2026-08-08 Data 35 days old 22.40p Basic Materials - GoldREDUCE ZONE
ACTIONABLEMethodology gates passed
49

Position levels

Currenttoday
22.40p
Buy <=wait / entry
9.33p
Trim >=take some off
18.00p
Thesis breakA failed Red Setter drilling programme returning uneconomic results, combined wi...
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Scenario-weighted conviction

ProbabilityScoreContribution
Bull case16%100 / 10016.0
Base case48%62 / 10029.8
Bear case36%10 / 1003.6
Weighted conviction49 / 100 - SPECULATIVE BUY

Top risks

  • Mineral exploration company focused on Red Setter project in Australia for gold and other metals
  • Loss-making with reported negative EPS of GBX (0.04) and pretax loss of GBP1.2 million in 2025
  • Funds exploration through share issues with no revenue from metal sales
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Research is for informational purposes only. Not financial advice. All analysis reflects the date of publication.