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Wishbone Gold ( (GB:WSBN) ) has issued an update.
Wishbone Gold PLC announced the termination of its proposed reverse takeover with Evrensel Global Natural Resources Ltd, deciding instead to focus on its Australian gold strategy due to high gold prices and increased interest in gold tenement investments. The company has restructured its Australian subsidiary, reducing liabilities significantly, and plans to resume trading after securing necessary financing. With new consultant David Lenigas and the reinstatement of Richard Poulden as Chairman, Wishbone aims to enhance its exploration and monetization strategies for its gold assets, particularly near the Telfer gold mine.
More about Wishbone Gold
Wishbone Gold PLC operates in the natural resources sector, focusing primarily on gold exploration and development. The company holds a portfolio of gold licenses in Australia, with a strategic emphasis on leveraging high gold prices to expand its operations and investments in the region.
YTD Price Performance: -4.74%
Average Trading Volume: 7,190,317
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £996K
Find detailed analytics on WSBN stock on TipRanks’ Stock Analysis page.