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i,m surprised colin hasn't been blamed for it yet ;)
It was opportunistic at best and plain insulting at its worse...not even a YTD high.
It does show that the desired flavour is low risk - safe environments with copper nickel gold.
I have to say it again, if we get even 1m tonnes of copper it's inconceivable that it won't be developed.
Nice one Airborne every little helps. Another 250k buy gone through too…
The second trade was my little SIPP top up. I wish the first one was mine to ;-(
This is edging closer as well:
https://www.barrons.com/amp/articles/senate-passes-climate-tax-inflation-bill-renewable-energy-51659900714
Someone smart gave us a nice start to the day with a 450k purchase @3.45.
Even included a Bushranger esque buy back of something they pretty much gave away not so long ago
Thanks for the Jezzoo was just reading about it and Caravel which I mentioned before as having some similarities to Racecourse was up 18%.
https://stockhead.com.au/resources/its-the-takeover-news-copper-heads-have-been-waiting-for-as-oz-minerals-rejects-bhps-8-3-billion-bid/
Posted on SOLG board this morning by SJN1980
>>BHP this morning launched a takeover of Oz minerals a reasonably large copper play here in Oz 8 bill Oz market Cap (35% premium or there abouts). Their Prominent Hill mine is close to Olympic Dam in South Australia. All the copper stocks on the ASX are pumping as a result an example of another stock I am in Sandfire is up 10%. OZ minerals reject the offer as being too low and not letting them do due diligence etc.
Looks like this is the start of the M&A spree which is coming in the copper space.<<
Might be a better day for XTR off the back of that today.
Thanks Phatbaz,
I thought there were still some 1.85p warrants left?
I don't think the share price has been above the exercise price since they were authorized, thier issue had to be voted on at last year's AGM.
The warrants will be exercisable in whole or in part at 8.5p per new Ordinary Share to be exercised within 2 years of being issued.
I was lucky and did sell some pretty much at the height of the spike at 8.5p. I had only bought in a couple of weeks previous and didn't have a huge holding.
Not wanting to turn the board negative but does anyone have a feel for who holds the warrants? I'm surprised we haven't seen any exercised and have taken that as a positive sign.
A4444.... nah, the RNS would be a cash raise ;-)
I hope the poster mentioned does well in his investments. However I do think he's wrong. Imo the jorc for RC will be next month.I think the jorc for ascot will be oct. There will then be a second jorc for ascot after the 3rd phase. For the economic model of RC it's totally dependent on what Colin wants to do..
Lucky, sorry I fully stand by what I said. If the sector that xtr is part of on the LSE has fallen 50% - it is perfectly average for xtr to fall 50%. Obviously there are other factors at play, but that must be the main one.Comparing xtr to a company that provides medical treatment s or IT software makes no sense, at least to me.
The sector has well and truly stabilised so it certainly looks like the bottom. If I any folks want to sell at the bottom in a low liquidity environment then that's up to them.
Good luck to anyone who tries to time the market in AIM. Bigger balls than me.
I didn’t sell any on the Jan 2021 spike or in the recent 7p+ rise. If I had been clever I could have traded this and made over £500K and ended up with same number of shares! Silly me.
I don’t buy any of the Tech analysis nonsense (not in small caps anyway) or “research will tell you when to sell” , its all random as no one knows when big news will drop.
One thing I can say with certainty, if I did sell a large % of my holding on the next spike, we would get an RNS a day later confirming sale to a major for $500M !!
MY approach? Hold and pray ??
Flipper, I was considering selling some of my xtr shares to buy into smoke and mirrors, I’ve heard a lot about them recently!
Steve
>>However, his plan to 'buy back in' might be tricky if wants a significant number of shares
Maybe that is exactly what has made his decision so much easier. He may simply have only relatively small capital to play with. Also the less you have to invest, the more likely you would be to chase the next quick profit. It’s just human nature.
It’s would be almost impossible to get it right for us who hold shares in the millions.
Might need to sell my XTR shares to buy Christmas decorations ......................
Funny old world we live in. As long as Manica keeps producing we should do fine and ride out the ups and downs.
>> To sell ‘all’ their shares is rather brave though, to be tied into something else and miss out on a getting back in, just to chase the next big thing. Brave, stupid or genius decision?
I post an L2 update at close most days on Telegram and a lot of the down days are low to minimal volume and quite a few actually have more buys than sells or roughly equal. Also, some of the up days are quite low volume too. Given the small volume and number of trades, the share price is obviously sensitive to relatively small trades due to low liquidity.
TCofMC seems like a good poster so I have no doubt he thought it through. However, his plan to 'buy back in' might be tricky if wants a significant number of shares. Once it starts to move on good news, it will probably move quickly and it won't take much volume to push it up. I've considered tactical selling and buying a few times and done it occasionally, but it would be hard to do it for large amounts without a lot of risk involved. I've decided to leave it alone and trust in the long-term benefit. Trying to time the market often ends badly. I think I would describe his strategy as brave but risky :)
BTW I note TCofMC didn't attack XTR - he just sold quietly and then announced it. That also accounts for some of the selling, along with Captain Bob (who has finished now) and Gixxer.
I agree with that howezap
Just clocked this part post by papillon over on the dark side,-
>> I read today that TCofMC has also sold all his XTR shares to concentrate on **** & ***
A little dig found his actual post on a different stock chat worth repeating here.
CofMC>>
No, sold out to take a bigger position here as well as at ***. I think the potential for exceptional sp returns here are significantly better than at XTR. I like XTR and intend to buy back in, but it seems to me like they have slowed down the delivery of the JORC in order to explore Ascot and the other areas more indepth. If it comes off then it will be worth it, but with the copper price being hammered combined with the above, I don't see the sp doing a grest deal until later this year. Also, if the world goes into a recession, how well is copper going to perform and how well will the copper stocks do? In China, Yiwu and Sanya have just gone into lockdowm. Yiwu accounts for 80% of the worlds Christmas decorations, hopefully Christmas won't be cancelled.
XTR have found something very interestimg, it needs more work which will take time. Since I am concerned to make money, not fall in love with a share, I have refocused elsewhere for the time being<<
It goes to show that even the most informed, knowledgeable and respected contributors (albeit on ADVFN) even have a threshold that they are not willing to exceed if that does not meet their own personal expectations.
To sell ‘all’ their shares is rather brave though, to be tied into something else and miss out on a getting back in, just to chase the next big thing.
Brave, stupid or genius decision?
Certainly a lesson we can all take on though, that you simply cannot allow sentiment to affect decision making where investment decisions are concerned.
Iceberg, telling me to keep facts relevant? My post was relevant, it shows that the world's problems have not affected others as much as xtract. So you can't blame that. You also can't blame the copper price. There are obviously many factors affecting the SP but in my opinion most of it stems from the companies doing.
Steve needs to learn he isn't always right and others can have their own opinions. And I think people should keep thier profile pictures relevant.
Some good healthy debate this weekend. I agree with Steve that we should as shareholders all be on the same team. Keeping everyone on the same page is down to the captain... no not you Bob :-). So lets wait and see if captain Colin has given us fair and reasonable forward guidance when the dust settles. Only then can we judge if some of the criticism has been fair and reasonable or if it has indeed been Colin bashing. On the comment about we all win and lose together... that is a lovely idea but which seems to fall by the wayside when cash raise time comes around and the created spike just prior to the cash raise benefits the chosen few who have an opportunity to forward sell. Perhaps they are the entitled beneficiaries ? Anyway I hope this isn't seen as entitled whinging. As someone who has done OK out of XTR, I can still see rights and wrongs.
Prickly made the comment that at their meeting with Colin, Colin stated that there was no point in releasing good news because it wouldn't make any difference. Whereas I feel he should release news and keep at least shareholders updated, if he feels he cannot affect the market then I don't see how a bb will. Minor short term ups and down but not the underlying trend. I honestly don't believe Goldman Sachs rely on this board to make their decisions.
Johnswan your reputation for negativity really is starting to precede you.
Just saying.
Why would you think a raise would be required to look for the next big thing?
They are looking for small deposits that are nearby processing plants that will churn about 50.000tpa over about 5years that will not need heavy front end capital. May be very good opportunities in current environment as many more of these small deposit owners will struggle to secure funds to get them to final production.
You must surely have some positive outlook for the company I would hope.
>> Some suggesting we can hold tight and wait until the market environment improves or Copper goes up, but for how long and at what cost. The reference to other projects suggests we may raise at some point to take on the next big thing, which then dilutes any upside at BR. We also know with small caps that most projects shifted out of focus don’t amount to anything
We've drilled 35,000m in 18 months and are planning a phase 3 - that doesn't really look like being 'shifted out of focus'
We also have income from Manica. About a month ago, we had an RNS stating no raise necessary for 12 months.
As for waiting - the real cost would be acting now with the mining sector down massively, rather a waiting a few months. What's the rush? We have income so we can be patient and we have money to drill and improve the resource.