Having looked at TIR trades it would appear there is very little activity, todays share price fall in TIR was certainly not a mass exodus , just one large-ish sell trade.I would suggest there is not a mass panic with TIR shareholders. Just my opinion, would welcome any views /comments.
Two pots, one for TIR and one for Mr Colin Bird so technically allowed to do this. TIR were -23% today, keep one eye on TIR as if there are company issues (and im not saying there are) the responsibility will fall from TIR's pot so TIR would have to reduce, as his stash is his stash and so far has indicated he intends to keep it here. He holds less than 3% in one hand and the RNS indicates he still has that in XTR as a personal stake. Thats what im taking from this, if a TR1 would have been flagged with both reducing then panic. No one else yet has reduced so keep an eye open in both camps.
ProfessorChaos Tiger Resource Finance PLC have been way over exposed to Xtract Resources since they saved the company . Take a look at the most recent NAV update available on the 12th January 2015 . Like I said earlier it's very good news for Xtract Resources share holder to see them sell at 0.085p /share rather than 5 times that SP since less effect will be made on Xtract resources . Imagine someone selling £210,000 pounds worth of shares in Xtract Resources no matter what the SP is then change that to £42,000 as of the worth of 50 million shares today . Attached link is in relation to TIR NAV including the 50 million shares that are yet to be deducted from the list. http://www.lse.co.uk/share-regulatory-news.asp?shareprice=TIR&ArticleCode=8xypoqs2&ArticleHeadline=NAV_Update
Redbike, as for your comment re the website, that is the least of my concerns re the website. Have you read the wording on the front homepage? It is over a year out of date and gives a terrible impression to any would-be investor. If they can't keep the website front page reasonably up to date, what chances of finding gold 10k miles away? Have copied text from homepage below, note reference to 'will deliver profit by the end of Q2 2014'!!!
Xtract Resources PLC (AIM:XTR) concluded the acquisition of the Chépica Gold & Copper Mine and the Mejillones Phosphate project in Chile in February 2014.
At Chépica, management has targeted on and off reef development to open more areas to mine which has resulted in greater flexibility in achieving a better mining mix and an improved recovered concentrate grade. Volumes have also improved an the mine will deliver profit by the end of Q2 2014. This is further complemented by the implementation of a scoping study at Chépica tailings in order to increase the overall production.
Mejillones has been thoroughly evaluated and Xtract is currently in ongoing discussions in order to bring in a strategic partner on this project.
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