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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.
If he tells the World he's actually looking for Zebra in Zambia the share price might go back above 1p?
We will still be deep underwater but the old boy at the helm will be better off to the tune of £11k a month so it's not all bad.
Maybe he should tell the world he's actually looking for gold in Zambia because copper has stalled and fallen back a little recently.
Look at gold go....... so glad we sold our gold mine for peanuts! Now let's go drilling in zambia.
We spent 10 million in bushranger......look how that turned out.
SP is in the right place. Where will it be once we spend 5 million in zambia and come up with nothing?
Lets CB pulls a rabbit out the hat for April as he needs to justify himself.
After reading your post Captainbob its sounds like a beginning of a new (re)cycle!
Gives us hope
Within next two weeks, we should receive the first, quarterly payment from Manica, I truly hope, that we have also received the balance of the 3.325 M to bank, and then kick start some positive sentiment. I sinserely hope the board will fanfare this with an RNS, to update on how much is in the coffers, along with a series of follow ups to explain the plans and progress for each of the projects.
At the moment things are plain 😴
oh i agree he will probably create another spike/hump in the sp but that doesn't help if you could do with the money now.
i won't take the loss on the lump i have here so i have to borrow more money on a mortgage soon because the house i'm buying won't wait for bird to get off his ****nal.
This s/p has been on its knees and come back significantly a few times before during my years gaming here.. mid 2020 the last time and a huge bounce then came off the back of early Bushranger happenings.
This appallingly low trading volume has got to be broken out from to begin with.. and meaningful news RNS'S will have to come to help with that.
Generally, Mr Coin Bird is a very capable story teller...and the fundamentals are better than a lowly 8m gbp ish market cap here too .. together these give me a pretty decent degree of hope here.
Andrew444
I hope your right and some decent value returns , as I`m sure a lot of people have been hit hard with this farce and I`m obviously one of them, so I really hope he gets it right for a change and doesn`t lead us up another path.
The express train looks favourite at present, unless we get some brilliant piece of news, but I`m not holding my breath on that one.
Hawkander
we have:
Short term : Possibility of sp appreciation when zambia drilling starts (may??) and then further rise if assay results are good
Long term :1 to 2 years waiting for POC to go over $11K and make bushranger worth something
He's gone radio silence ( apart from OldFartSchool on here) and nobody trusts him, the MM's know that and have acted accordingly.
As Old SchoolFart has stated "Whilst shareholder value is being created there can be a disconnect from the SP"
Apart from the fact it's not done anything of the sort in the last 18 months.
Who's to blame ?.
Yours Truly
A Whiney Shareholder.
I see light at the end of the tunnel, Mr Hawkander I’ve no idea if it’s daylight or an oncoming express train though
I`m curious if any of the people here, who I assume are heavily invested in XTR see any light at the end of the tunnel, after all the bull we had to endure and now looking at this pitiful SP, it doesn`t inspire much confidence of a turn around or is there something I`m missing?
Not sure you can blame today's sp fall on CB !
1m buys v 0.4m sells
MM's doing their thing as usual.
Whilst shareholder value is being created there can be a disconnect from the SP. At such times some shareholders will take advantage of that situation while others will whine and lose out.
Another SP movement, south again.
CB at it again, adding shareholder value.
PS; African Pioneer is not down nearly as much as the rest, in further fairness .. hence why you may have left that one out of your list, I'll guess.. Mr Kwadoku, Sir
(And a bit inconsistent from Mr Bird there .. so far, at least... ps I have no idea what salary Mr Bird may or may not take from co's other than xtr.l..and won't bother looking into .. but did ask you previously, Mr Kwadoku, for an across all total per annum.. and it broken out.. etc ?)
I'm not happy with you discriminating against the likes of Ken, Mr Kwadoku Sir...
I wondered if you might have conveniently left it out because it was doing better than the rest .. but a quick look into ken.l tells me that Mr Bird is pretty consistent, in fairness to the man:
Kendrick Resources has been back on market for just under two years now.. it came back at 3.5p.. and... boom .. it's .5p today.
Leaving Kendrick resources out ?!
You're better than that, I'd like to think Mr Kwadoku, Sir ?!
Kwado. Even worse. He's 80