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Should know all about dead cat bounces if she's invested in VAST...
I have never seen a poster on here with such sub zero credibility...
Love that analogy Lucky.....
...... if someone sets fire to my house ill know who to point the finger at.
Rick is a massive holder already :)
Did you buy some rick ?
Would like a massive SEA of RNS's!
If anyone wants to buy my shares today for 10p a share then I will force myself to accept !!.
Dead cat-bounce today
It's worth watching CB and his presentation from last October again https://youtu.be/iWwCu3DnatU
Well. It's ticking up while copper and AA get absolutely shellacked. Swings and roundabouts.
Cygnus - Without sophisticated modelling software and all the raw data, all anyone can really do is stick a finger in the air!
I think our finger in the air estimates re value (based on what we currently know) are actually very similar. I still believe though that Ascot has the potential to eclipse Racecourse and for Footrot to provide some additional icing on the cakes.
good article in FT on Dr Copper saying what most of us are saying, massive upcoming demand for the metal, uncertain new supply sources and big lead times to get new resources up and running, jurisdictional risks etc
Stevemocal,
Regarding my RC numbers:
I chose 1.5 MT because I wanted to be overly cautious and indeed added the comment that it could be more. Personally I believe we will be over 2 MT especially when one looks at the recent feasibility report for another resource reported here that included ore down to 0.1 % Cu albeit that would depend on a good Cu price.
As for the XTR 80% clause, well that's true but if we take off 20% then add our own price we may be better placed but they somewhat cancel each other out. It was after all, a finger in the air estimate.
My own feeling is that any offer will be the equivalent to about 25p although that may well include shares belonging to the purchaser plus, we will still own shares in XTR's African assets which should be worth a few pence, bizarrely probably more than the current sp!
So how about Colin, feeling down and out due to SP being what SP is, in last interview, he again said that the resourse is far bigger than they ever expected, saying that won't lift the price, but once numbers are finally released they may be quite nice. My hope anyway, world events dont help, plus summer time always drifting prices, bods need cash for holidays etc.
At least the extension is finished no need to sell any any time soon, time to sit on hands again.
But before I set fire to the house, you would likely bargain for 15k?
Screen, that's human nature! If I said to you, jump out of this second floor window, I'll give you 10k. You would unlikely risk breaking your legs or death for 10k? Now if I set fire to the house, you would likely jump out for nothing, right?
It is interesting that people's expectations of the value of the company seem to change along with the current share price, so some would be now happy with a figure thought risable before. I'm not convinced that the recent news and drop in SP have really changed the true value of the company, which I continue to believe is much higher. Obviously IMHO only. DYOR!
Would very much prefer 15p+. 20p ideal.
Fingers crossed we are very clear about direction by the end of the year.
I have been watching with incredulity over the past few days. It is calming to hear from you Steve about the MM forced drop. It was too tempting not to take one final final top up this morning - annoyingly someone took 19k just before and pushed the price up. Only 15,000 but it pushes me over the 500k mark (shares, not value!)
Hope everyone is keeping cool/enjoying the sunshine.
Cygnus - I can't see Racecourse being less than 1.5mt. And then Ascot and Footrot need to be factored in (even if fairly heavily discounted), which should boost the amount significantly.
I'd also add another step in your calculation, which is to knock off 20% because that is what XTR keep. If they want our 20% as well, then we're not going to sell it 'at cost' and can name our own price. So we should add a substantial premium to the calculation for that.
And let's also not forget that we also hold the neighbouring licences that are not subject to the buy back clause. XTR get to name their price for those too and if we can't get a huge premium for them, then we should keep them and start exploring!
The ups and downs of the SP over the last year or so have, understandably, taken it's toll on shareholder confidence re the potential value of the Bushranger project. However, I personally think the consensus has become way too negative and the potential reward remains much higher than most would now settle for. Come on comrades... chins up!
Thanks.
For me a lowball offer would be about 12p for the Company. But agreed, 10p cash at the moment would be very tempting.
Hi flipper I would think by not releasing the updated/completed resource and pit concept models, it will only compound the opinion that, as you say the lack of belief that the 2mt target has maybe not been met.
More so if we then go into a third exploration phase.
I don’t see the 2mt not being met, even if RC is short then there will be a decent resource modelled from Ascot too, that will push the overall resource estimate up. I had the opinion originally that the 2mt had to come from RC alone but am more open minded now. However the decision to mine would cover it. I’m not suggesting we need to eliminate AA from the table, I believe with the quality of the data pack the company are putting together AA will not want be turn it down.
Steve4077 may be able to share his opinion on a company takeover but a agree with others opinions that it’s more doubtful than not.
He did indeed, but that was when he was getting carried away with talk of 1e9tonnes.
L250 - Either or if I'm honest! :)
Bias from me though as I plan an early retirement soon!
Previously....Colin said he would tell AA where to shove their 10p, so I think he wants more.
Gixxer, is that 10p for the whole company or just BR?
>>I would take 15p absolute minimum.
I imagine 90% of SH would take 15p ATM. (I'd take 10p for a sale before year end TBH)