We are all good cheers, tired but good! Im not sure to agree we are holding up well, many gold miners are underwater today as asset buying ended in the US but XTR now needs to give confidence to the shareholders, one little problem is gold market is very mixed right now and looking confused. Keep the lights on for me space as Pedro is currently keeping mine off!
Hi ya mate , trouble with XTR holding up far better than many AIM , LSE listed companies is private investors think they can better their money else where . Then they lose more of their capital when the company they jumped ship for takes a dive . The MM's know this and have negotiated trading kicking in at 3,5 million XTR shares to buy .
With Newco I was shocked by that reverse take over news as my post history highlight . Alas I hope Colin Bird takes one of the six seats on the board of directors of Newco but if he doesn't then so be it . My position here is to hold long term since we're a revenue producing company targeting Gold at present but as we know copper and silver are also in the mix . If Jan Nelson thinks copper reefs or silver reefs are the next big thing we'll soon target them .
P.S ....... hope Pedro and your partner are well and happy .
Polar Star Mining Corp has lost 58.3% of it's Market Cap in the last 3 months whilst Iron Creek Capital corp ( IRN.V ) has seen it's share price rise 100% in the last 2 weeks . There's no doubt in my mind shorting has played a big part in reversing this take over . Now lets see why Iron Creek went to such extreme lengths to obtain the upper hand . Attached links are reference to Share price movements of Polar Star and Iron Creek . www.google.com/finance?q=TSE%3APSR&ei=A3tRVIj0ELHDwAOjnIAI https://uk.finance.yahoo.com/echarts?s=IRN.V#symbol=IRN.V;range=3m
Whereas previously Polar Star was to take Iron Creek over we now find a reverse in rolls . This leaves our Colin Bird with a dilemma does he take a seat on the board of director of the newly formed company Newco where he'll now be a minority Polar Star director with one of his colleges or does he bite the bullet and join the four Iron Creek directors with one other from Polar Star ....... hum ...... no doubt he'll be cash rich after this deal is finalised but what a surprise . I've been speculating for weeks why XTR share price has been walked down on very little volume , currently market cap of £5.1 million and yet we find this sentence in the link posted 11:53 today . Polar Star also has important passive investments in Kairos Capital Corporation that has exploration properties in Chile, and Xtract Resources Plc that has an operating copper-gold mine in southern Chile. Now someone posted a link to shorting a while back that showed no shorting activity had been done ever on XTR on the AIM listed stock exchange . Maybe it hasn't been shorted through the AIM listed but through the TSX-V . Through the back door in other words like so many of Polar Stars other assets allowing Iron Creek to be the bigger party to the take over . Nothing surprises me with business hence there's a chance I might be right on this nonetheless it looks like XTR with such low daily volume as opposed to pre Yorkville RNS has found a floor . Funny how the MM's pocketed approx 200 million shares from private investor sellers above 0.2p and yet are happy to hold the SP at 0.15p . Also signs of shorting activity ..... well that's my interpretation of today's big new . Just wish Colin Bird would post his thought on this bb .....
Nice link, with the markets in a lower position worldwide and gold not reacting well (up60$) from lows pre recent drop, I may not agree gold will slide, also oil and gold normally 60% of the time follow each other, except that is also different now due to the new world of fracking making oil abundant. I see gold as a safe house myself and demand before 2015 will return a little more.
Datafeed and UK data supplied by NBTrader and Digital Look.
While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.