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Better get comfortable.
Enough cash to tick along until 2027 that’s a long wait.
You won't hear from Bird unless he needs something from you.
$15m deal done, gold mine sold.
Xtract X account posting about how well gold is performing over the past week, got to question the management of that!
The roast boys summed it up well over the weekend, Xtract projects are valued negatively, even cash value.
Clearly no faith in CB.
At £120k per year, he should be smashing it and not smashing the share price.
Investor relations needs building or this will bumble along, drifting down.
What is the purpose of Xtract now?
More value being created old school view!?
How low will it go?
Tax year is ending, people “taking losses” at a point where not much is going on / likely to go on over the next few days is my view.
Likelihood is that there will also be a period of slightly increased buying once new tax year begins / new ISA allowance is available and the roadmap becomes a little clearer.
I was about to post the same point.. not liking this at all
Quite a few big sells this morning, is CB clearing his throat to speak ?
It was full article this morning .
Chinas economic recovery is crucial to drive demand and further expose those global supply chain headwinds. Is showing some promise!
Don’t subscribe to FT, could only read the header. This from a different source appears relevant to that.
>>>China's official manufacturing purchasing managers' index (PMI) surged to 50.8 in March returning to expansion range in March after running below 50 for five consecutive months, the National Bureau of Statistics (NBS) said on Sunday, as manufacturing activity increased with the fast resumption of work and production following the Spring Festival holidays.
The figure, although partly driven by the seasonal factor, showed that the economic recovery has further consolidated, highlighting the resilience of the Chinese economy, experts said, and they are more confident about GDP growth in the first quarter.
Https://www.ft.com/content/c3c66359-6bdb-45cb-8ddd-663f10c1d3d9
Get that bushranger sold.
Jez, think I'll be with you on that. Let's ramp it back to 6p and get ourselves an orderly Brexit (Bird exit)
Knowing my luck, he'll negotiate a 12p BR buyout about 2 weeks after I sell for 6...
Andrew 4444: "The only way the potential spike could be halted is if LTh started telling all the newbies what CB was really like and giving words of caution. in believing him"
You've no need to worry about that with me, I'll be ramping the bejeezus out of it !
>>>That argument works well for LTH but there will be a wave of newbies who are beguiled by CB's sales pitch - and to be fair to CB he is a very good orator
Those ‘newbies’ could well be of a higher calibre that are already invested in any one of the majors that surround the Xtr licenses in the western foreland, that could see xtr as a decent side bet if things look to be going well.
The fact that other small caps with the exception of the CB group of co’s are conspicuous in their absence in that region, highlighted in the latest presentation, will be a big plus in drawing in new investors toward xtr in that the prospectivity is certainly going to be more understood, due to the likes of Anglo, Rio Tinto, Ivanhoe, FQM and kobold uniquely surrounding xtr.
As money returns to the resource sector CB shouldn’t have to go overboard, just keep it professional to attract investors, not put them off. It is these that will help sustain any share price rise.
"my only reservation is that a sceptical market will be naturally cautious in getting swept along this time round, the more CB shouts, he will not have a glut of ‘lock down’ newbie traders this time to bedazzle "
That argument works well for LTH but there will be a wave of newbies who are beguiled by CB's sales pitch - and to be fair to CB he is a very good orator.
The only way the potential spike could be halted is if LTh started telling all the newbies what CB was really like and giving words of caution. in believing him
I wonder how many LTH would be doing that as the SP started to climb ? :)
'' he will not have a glut of ‘lock down’ newbie traders this time to bedazzle 🤩 and separate them from their savings.''
Perhaps you'll have to step up more again so this time round Mr Zap.....I'm wondering if you've got - another - 50k ish gbp lined up to grease the wheels here in drilling season 2024 ?!
Fair point Andrew, my only reservation is that a sceptical market will be nuturaly cautious in getting swept along this time round, the more CB shouts, the less the market will maybe want to believe the story. And… he will not have a glut of ‘lock down’ newbie traders this time to bedazzle 🤩 and separate them from their savings.
Apologies to anyone that relates to, no offence.
My point is that whatever strategy CB should follow re news release, be it " ram down the throats" or drip feed news, he wont be able to stop himself in doing the former. Maybe down to ego or even deflection tactics for what has happened over last 18 months - but he wont be able to stop himself.
Its in his nature and he wont be changing at nearly 81 ! The fable of the scorpion and the frog springs to mind !
(You can guess which one we are and which one is CB :)
Timely professional manner my drill 'ole..
Ee ba gum, the one and only Mr Colin Bird would be very open to ramming it down their throats.. imho
:-)
All I’m saying is sustainable companies will generally, as an example, just release an outcome of an exploration programme or from a batch of holes. Ones that need market funding will release an RNS at the beginning of a drill hole, one during and one on completion of the hole.
Disclosure costs money to RNS
There’s a difference between keeping the market abreast of what’s going on in a timely professional manner, than ramming it down their throats.
"I'll offer back that If Xtract gets a good result assayed from one drill 'ole, I'd be gutted if Mr Colin Bird didn't shout about it from the rooftops"
There is no way CB could stop himself in doing that - whether he should or shouldnt will be irrelevant as it's in his nature.
TBh if a spike would instigate another raise then fall back as usual , then imho - so what ! Most LTh would be glad of the spike and exit with - possibly some, or even all of their money back !
How many would not sell at 4 p if given the chance over next 2 months?
AIMHO
'' If Xtract gets a good result assayed from one drill hole, they might argue that its impact, relative to the overall operation is minimal.''
Towards balance to above Mr Zap, I'll offer back that If Xtract gets a good result assayed from one drill 'ole, I'd be gutted if Mr Colin Bird didn't shout about it from the rooftops.
Think if we start receiving floods of news flow, that cannot be a good sign, Bobs suggestion would be well received, but wouldn’t want to see a repeat with the Zambian Ops that we had with that ridiculous high frequency PR from early Bushranger as it probably means they could be looking to a do fund raise.
Companies do have a legal obligation to disclose material information, but the significance of such, can be contextual.
For instance, most project updates are relatively insignificant toward an end game. If Xtract gets a good result assayed from one drill hole, they might argue that its impact, relative to the overall operation is minimal.
So for example, if Xtr were to announce outlining a resource, the individual updates throughout a campaign may seem inconsequential in comparison. Therefore, the company can reasonably consider the significance in the broader industry context when deciding on disclosure. As long as this decision aligns with regulatory guidelines and is made in good faith, it's typically considered legal and within their discretion as a company.
I personally hope this is how they play it this time.