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The advertised price is not the live price.
So, check with dummy.
However, from past experience, it appears typical when the market wants to buy ABOVE NORMAL SIZE.
If the mineralisation in hole 2 is over a shorter length than expected are they likely to go for another hole in close proximity, in case their modelling/ drilling was slightly out?
Very weird day in general. Almost all mining shares I am tracking are down, although no idea why. Gold and silver down only slightly. Bitcoin not going anywhere. Anyone have any idea why the mining stocks are down?
Good man. I've added another 200k under 5p today also. This is the zone to buy, before the drill #2 results are known. High risk (the width may not be there), but higher reward.
And this has just been put through (not mine) as a buy and it is actually a SELL.
27-Jan-21 15:42:54 4.725 30,424 1,438 O
27-Jan-21 15:40:40 4.80 84,269 4,045 O
This is my trade. A buy I just executed showing as a sell trade.
From my notes taken last night, I note that Lachlan Star stated: "HIGHER THRU -PUT" and I recall they mentioned that exploration could help further.
Hence, why I just posted about West of Racecourse cited in XTR*s July 2020 Presentation on Bushrangers ie West of Racecourse is untested, not drilled.
I have to hunt further but rather tired from all the hunting for the info on Bushranger.
News , 27.1.21. @3:30pm
HOLE 2 - RACECOURSE
I have gone to a CANADIAN XTR stock forum and they are discussing Hole 2 ie IT WILL GIVE WIDTH at Racecourse. From London South East , Dibs61*s notes on what Colin Bird , Exec Chairman said on 20.1.21 interview with Share-Talk, he says Hole 2 WILL TELL US A LOT.
Indeed --Mr Bird calls it "BIG FAT CIGAR" - this is the area MENTIONED by CRONFORD.
Whilst this is from Prospect One*s GEO MODELLING, it still has to be PROVEN BY THE DRILL BIT.
SO, HOLE 2 IS AWAITED ie next update. This is coloured Light Green in the said modelling - see color codes.
BRC 026 - 439 meters Used as a reference in the Bushranger presentation BRC026 180 256 76 0.46 cu 0.05 au
Including 224 238 14 0.63cu 0.08au
BRC 025 - 239 meters https://nvcl.geoscience.nsw.gov.au/NVCLDataServices/imageCarousel.html?logid=b2b4895c-26f8-4582-8d9c-90e7a5f9d77&sampleno=23
National Core library: https://resourcesandgeoscience.nsw.gov.au/miners-and-explorers/geoscience-information/services/drill-core-libraries/national-virtual-core-library
XTRACT RESOURCES-JULY 2020 PRESENTATION
[On landing page]
The above is about Xtract Resources and ALL their projects ie General Presentation.
From recall, last night it said : "WEST OF RACECOURSE - UNTESTED -Not drilled" from recall. No details given of the prospect/s.
"LACHLAN STAR [ASX]: "Annual infor form for the Financial Year ended June 30, 2012." -ANN, 28 Sep 2012
"Lachlan Star put BUSHRANGERS under Ord [sub].
Focus on A R U N D L E prospect with field work.
Ground magnetic - LARGE S W A T C H F I E L D MAGNETIC A N O M A L Y." [Prospect]
Lachlan Star [ASX] - former name Tooday. Tooday in 2007 ASX ANN showed a map with Swatchfield but they did not mark Arundel. So, perhaps these are the prospect/s WEST OF RACECOURSE-BUSHRANGER. From XTR*s Presentation of Apr 2020, it does show Swatchfield?
------SO, MORE TO RACECOURSE -----------? Just sayin cos folks think that Racecourse is all there is?
News, Wed 27 Jan 2021 @3.20pm
Answer to Demark: I started at Solg like here at XTR when no one was interested in Bushranger as the folks here were legacy holders of the African projects. When I think of it, I LOL because it could have all turned out differently if Alpala did not come in as prognosed? Etc.
MM*s want to buy OVER normal mkt size from dummy like someone else posted earlier.
If I’m not mistaken (poor sound quality) CB said in his last interview with Zak that he update would likely be Thursday, So I’m expecting an update tomorrow.
specialism plse? I think 'news' specialises in 'gold digging', possibly a 'gold digger'!!! LOL
appears very knowledge able
2nd drill should be down to about 300m now. Don't expect an update today but maybe one tomorrow.
Next drilling results should be released within days. It they suggest good widths across the porphyry, the share price will be off to the races again.
Badly damaged by the placing, will take a while to turn the tanker around. Nothing to see here for a while.
thanks for sharing,
if you do not mind me
asking... is mining your
O.K Captain, thanks. I know these things contain other minerals but have not heard anything from the company in terms of generating cash out of them (if they are there). I guess we will know more when the lab analysis has been completed.
Ref: "Lachlan Star announces positive results from Scoping Study at 100% owned Bushrangers Copper Project." - ASX ANN, 18 Mar 2011
"0.3% --Cut-Off 0.2%."
"At copper price US$7,500-------CUT OFF 0. 2 % CU COPPER - ECONOMIC."
"At copper price US$10,00----CUT OFF 0.15% cu copper - ECONOMIC."
"Other details include power line transverse the prospect, large regional dam for water etc.
COPPER CONCENTRATE with GOLD & SILVER CREDITS."
CURRENT COPPER PRICE:
US$7,957 - COPPER SPOT PRICE: Markets, BusinessInsider, Wed, 27 Jan 2021 @2pm
US$8,010 - COPPER PRICE ABR $ 8, 010.
Lachlan Star bought Bushranger - Racecourse from Straits Resources in 2007 under their old name TOODAY.
Tooday in 2007 stated [link given before] that Racecourse was ONLY DRILLED TO 350M. Hence why one sees intersections of some 150m given it starts FROM 110.
COLIN BIRD, INTERVIEW , SHARE-TALK, 17.1.20
Mr Bird, Executive Chairman, XTR Bushrangers said that he was going to drill Racecourse to 800-1000m "like the good ole days of Solgold."
Mr Bird mentions BODA and he must have seen that BODA could drill to DEPTHS of 1,100m so, why not XTR Racecourse? [my conclusion from what he said].
Hole 1 did achieve 1,000m+ with 905m OF CONTINUOUS COPPER MINERALISATION.
DEFINITIVE PROOF FROM SCOPING STUDY THAT LACHLAN FOLD IN PARTICULAR [Racecourse]
is "ECONOMIC" at 0.2% cu CUT-OFF with copper price at US$7,500 which it already is at the momo at US$7957 SPOT.
News, Wed 27 Jan 2021 @2:10pm @From Original Research and from notes taken [found today].
DYOR. Please check. Sorry for CAPS as the page freezes so I try to type quickly and dont change up and down for caps and no caps.
If you've brought in for the potential of bushranger then only two things really matter, the drill results and the share price when the exploration campaign and jorc update is completed.
Tbh although fun -like a few I sold some at 8p as well - the spike only had one positive, which was the ability to raised money to complete the exploration. It had the negative, of attracting a number of get rich quick traders, most of whom have gone, but a dwindling amount remain.
I won't miss the 300 posts a day of mainly BS ramping. I am also glad that a significant amount of shares are starting to land with patient, experienced investors. With a steady rising share priced it will easily go past 7,8,9p.
This is true. There is some merit in taking every small win and hoping for a retrace. Those who played that card can now re-enter the fray.... BUT, when the big news drops and they try it they will get blown away!!!!
I like this. I think 10p does not even start to cover this. I do not have that many atm. Would be happy for it to stay sub 6p for a bit so I can add.
Target price 20p in 3-6 months. Really not that far fetched and of course it could be a LOT more but I don't want to start the £1 party thread... seen so many. ATB BH
>> why are these so-called professionals selling?
There is a big difference between finance providers/traders and mining investors. The general consensus among the knowledgeable mining investors seems very positive (see the links provided in many places on the forum). There will be other people who took on the placing (and just general day traders looking at charts) to make a quick 10% without bothering to understand the long-term fundamentals of the company.
It doesn't mean the sellers are idiots for not learning about the company - they just have a different objective in mind. I think fundamentals is a better approach, especially in this case, but its not the only valid strategy.
There have been some dinky trades so it does seem like there is something going on.
The price movement seems a little dodgy at the moment. Several buys go through without a sale, then the ask drops. I've seen that several times. There are some sells as well, but I suspect a minor tree-shake is going on. The MMs are taking it down on very small volume (now 11% of 10-day average volume at 1pm).
most placing share are normally sold was 10% or more is achieved no matter what the potential is
The retailer Gamestop story - brilliant
...The storyline is that the professionals
and hedge funds have been shorting
"Gamestop" shares whilst retail investors
have been buying and hence pushing the
share price up exponentially in jan 21!
why are these so-called professionals
this reminds me of what has been
happening across the pond with "GameStop"
share, really fascinating stuff!