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Exactly NtM
The bottom line is that the only sp price a SH is bothered about it what they paid and what it is now.
Unless a sp keeps going down consistently, there will always be a one-off period when it has gone up, maybe 50% , then continues on its downward move.
I doubt many would consider that one-off rise period as reasonable representation of the CEO's performance if SP is down say 75% over the CEO's time in charge!
....but three years before three years ago..... :-) ( it was in the 2.5 p to 3.5p range for a semi decent chunk of 2017 ish)
Towards nice to finish a post on a positive:
The range trading opportunities here have been very significant over the years .... and may well be over the years to come too; so any dedicated range traders out there should consider this as a play around now too imho
"The reality is that before commencement of phase 1 drilling in dec’20 the share price was not too shy of where it is now!"
Yes it was, but after that date CB did countless interviews over the next 12 months telling everyone what a great investment this was and what we had.
Many bought in on his forward guidance when the sp was double what it is today.
When the sp was 1.4p recently, it could be said that CB has done a great job as he has doubled the sp in 3 years as it was 0.7p 3 years earlier !
100% increase in 3 years...and yet SHs are still complaining :)
The reality is that before commencement of phase 1 drilling in dec’20 the share price was not too shy of where it is now!
Plenty of upside potential in the hope that any rise up can be sustained. Slow and steady preferred.
I do think 10p will get taken out eventually...but that will be at least a year away and probably more like 18 months and down to Bushranger.
I think it reasonable to believe sp could get to 3p to 3.5p by end of the year but that will probably be all down to FB.
That would be great, but lets not kid ourselves that even at 3.5p most will still be underwater due to CB's misguidance over bushranger timescales and output.
But 3p will be a start of the recovery and a good platform to build on for CB to give SHs a return on their investment. ... imho
I'd be gutted if the one and only Mullins wasn't out there wth finger hovering over the button to post '2p PAID' here
He's to x, y, z PAID what John Hunt is to racing commentary.
Xtraxt calling Mullins.
Absolutely not!
2p incoming! Bring on a nice sunny weekend, less than 50% down!
I've got one thing only to say to Ben 'Owell, and indeed the rest of you:
I wouldn't want to be out of this over the weekend
Hopefully 10p gets taken out.. this has been sleeping far to long :)
Ask continues to move up even after high sells. That wasnt the case in previous weeks as any sell quickly knock back the price .
Looking good for a continued move up ..atm anyway .
2p may get taken out today?
Bit of research/data concerning Pre-Concentration methodologies and the impact, not only in terms of project viability, but also environmental benefits.
https://www.mogroup.com/insights/blog/mining-and-metals/the-environmental-and-economic-benefits-of-pre-concentration/
https://www.miningmagazine.com/plant/news/1331378/why-preconcentrate-and-how
Iceberg >>> Re BR-Ascot. My assumption is that they are still trying to find the best npv figure and solution. No point scaring the market until you know what the options are. Tbh, I’ve given up believing what Colin says.
How I read the mining study update, it appears to be quite decisive in that BOS is ‘not’ just an option, it ‘will’ be incorporated, or at the very least is a serious consideration and so any full development options that would have been progressed without the technology would now, not be relevant for an NPV/IRR to have been reported.
Taken from main body of RNS
> Optimal Mining has identified that the economics of the Project can be improved by way of modern ore sorting technology and the full Study will be completed based on further test work already under way on this option.
Pre-concentration will be important for the future viability toward obtaining permits by lowering the carbon footprint of the project by means of concentrator efficiency and the reduction in energy and water usage that will have to satisfy AA’s ‘own’ ambitious Sustainable Mining Plan targets of a 30% improvement in energy efficiency and a 50% reduction in fresh water abstraction by 2030, if they are to even consider taking up their option to buy BR back.
Any deeper thoughts?
I noticed gold has hung onto it's gains overnight and I see that as a bullish sign, the junior space has been decimated over the last 2 years, I saw the highs in Q1 2021 as many stocks were seriously overbought and ratings looked unsustainable so I sold down to 80% cash, I have now started to re-deploy that cash into this sector and I see Xtract as exceptional value.
The share price hit 8p in March 2021 to value XTR at £68m, the current valuation is only £16m - there is a lot of upside here just based on Mozambique gold production alone - 3.5p seems a decent near term target therefore based on a prospective £5m pa free cash coming in from the gold project.
Buy the lows IMO.
Better jump on it this morning then, before it breaks out........
If you buy that many you will be the breakout.
Pin. Yes I did actually. Wouldn’t quote at all. Then I tried small amounts until it gave me £2466 plus £11.50 transaction fee.
For what its worth. I tried to buy £30k today and couldn't . So I did a small top which is showing up as a sell.
13-Apr-23 09:34:58 1.74 140,570 Sell* 1.70 1.80 2,446 O
look at gold go!!
after hours 1.79 u/t trade brought rise down to 2.3%
was really circa 8%
Indeed - Keep your gob shut Bird, it's done enough dmg.......
All sells are being batted away with no adverse effect to the forward momentum.
Ask moving up in a steady and robust manner.
Only thing I can see stopping this forward momentum is a CB interview :)
ah, go on.. go on.. go on.. keeping gently buying these puppies, Ted ? :-)
I think it is fair to say a re-rate is ongoing, the cheap stock is being eaten away, anything below 2p is a gift.
It is also getting harder to buy in any real size which is always a good sign.
>>Can buy now. 1.85p - Same
Can buy now. 1.85p
Sells dont seem to holding this back.....atm anyway :)
I am impressed with the analysis on this board. The deal we have at Manica which allows proportionately more income as the POG increases is looking very promising so I have bought more today . Am still showing a 20% loss but this is the best performing CB share at the moment. Shame CB has lost all credibility and his companies are being massively discounted but the hard facts of gold production mean we do not need to rely on the chairman's forecast any more.