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It just looks like investors have gone . The question is will they return and will they return to the conventional markets.
If there is no volume (just 480k yesterday, with 270k buys), then investors plainly haven't gone anywhere - they are holding on to their shares. What we need are new investors and that is likely to follow news on Fairbride, the Racecourse and Ascot MREs and the mine model.
Will we get some news this month or next? I thought maybe with the recent assay results RNS that it might be the start of a news flow.
Agreed..... new investors/new money will flow in when the news starts to flow out.
£150 of shares sold in 5 hours of trading today... tells me the investors are still here.
No new PI's will take a look at XTR until there is some significant news released that prompts them to take a look. As for II's, they may be watching but won't even bother trying to enter at this price and with such low volume... can you imagine what any significant sort of purchase would do to the SP? They may as well wait for news (less risk) and then look to build a position from the profit takers on the way up.
I must confess to being one of the investors that was somewhat upset at the delayed timelines (I had allowed for a significant amount of slippage but clearly not enough!) because I had overcommitted in XTR using money ring-fenced for something else. Instead of selling though, I have done some 'financial restructuring' of my own and now sit in the 'happy to wait' camp. The news will come soon enough and the painfully long wait will all be forgotten.
Keep the faith and GLA
I’m in exactly the same position, Steve. Have had to refinance as well, as I’d hoped to be able to take profits before now to fund a project. But I’m still holding on to every share. I don’t know what the Sp/Dividend will be when Bushranger is sold, but I’m confident that it will be multiples of the current SP - so there is no point in bailing out now. I await the end-game with eager anticipation!
I think you're all just average punters, whereas howezap is a very talented dishonest bs'er.
Don't worry about what you paid and what you dreamed...just compare xtr to 20 other little companies trying to do the same copper porphyry thing. This mob are laughable compared to what you can buy for half as much. Nothing personal, just business.
I see Solg is a bargain atm:
Don't worry about what you paid and what you dreamed..
That mob are laughable full stop. Nothing personal, just business.
Oh Christ Ormigghty...do you want to hear my top 50 list of things that suck about Solgold? Find a seat....
I'm suggesting what might be wrong with your girlfriend...you're telling me what's definitely wrong with my wife. Geezus you think I haven't noticed!
Don't worry buddy, only joking, I'm fully engaged to that crap too !
only 50 things ?
We could be here all night comparing notes about SLOWG..
>> just compare xtr to 20 other little companies trying to do the same copper porphyry thing. This mob are laughable compared to what you can buy for half as much. Nothing personal, just business.
If there is nothing special about XTR, why is this the only board you keep commenting on apart from SOLG? :)
Hi porv, is all in my honest opinion of course and last time I checked , I cannot possibly be wrong because it is just ‘my’ opinion.
If I have reported something incorrectly, then it would be appreciated if you would kindly offer the facts, and not resort to insults…..Again! I am the first to admit I am wrong if facts are not right! It wouldn’t be the first time!
I am certainly not dishonest intentionally, or even talented, if I’m being honest. I will ignore the last slur as I know you can’t help it. ;-) welcome back
A silver tongue is great, but it does depend where you stick it.
What Dougal and you do in your free time is entirely your own business, Ted
Round about time for me to start adding back here, I'm feeling.. slowly to start with but if s/p weakness continues for a while yet then I'd add more and more punchily into it ..
(I had 2m shares here at my peak a long while back.... and while I'll never get near that again, having only 250k ish shares now is joke low.. so early 3's or late 2's p here might see me add a few hundred k shares, at least.. indeed starting buying today.. and bring down my average a little too, which always entices me to buy that bit more..)
Africa Gold output progress in Oct should be meaningfully progressive.. and CB would news that quickly at month end ish time if yes, I'd guess - slowly if not, no doubt :-) - and Nov/Dec etc prospects for that alone could underpin a decent rally here ..as the market LOVES bottom line profitability/cashflow positive...monies feeding in company bank accounts around now more than ever.. imho..
Bushranger is warming up again soon enough too; And Bushranger could, no doubt, be a very large indeed thing for this s/p quickly enough later this year.. etc..
Tomorrow I'll have some spare cash and if the sp remains at this low level, I too will top up. News is clearly on the horizon if not closer. Will be surprised if buying doesn't pick up this afternoon.
Blimeyori
Or you could instead ask yourself why the SP is so appallingly low and always retraces after good news, even though we are supposedly on the cusp of greatness
>> Or you could instead ask yourself why the SP is so appallingly low and always retraces after good news, even though we are supposedly on the cusp of greatness
Assuming you want an actual answer, lets look at this week as an example. Friday close was 3.425p. Volume each day was (screenshots on Telegram):
Mon 480k volume, with 210k sells.
Tue 350k volume with mostly sells
Wed 175k volume, with 100k sells.
Thu 425k with 255k sells.
Today (so far) is 80k all buys.
So in total since Monday open, we have 1.5m volume in total with less than 900k sells. Selling is therefore 0.1% of shares in a week, or about 1 share in every 1000 shares sold. Share price is currently 3.25p, so over that period we have a drop of almost 10%.
So is it mismanagement by CB that caused the share price to drop 10% in a week (due to people holding on to 99.9% of shares?) Or is it simply MMs taking advantage of minimal volume to push down the price - like they do all the time?
Maybe take a look at actual trading before assuming there is a lack of faith in the company rather than MMs playing games.
Also, bearing in mind that Colin has 14m shares and 32m options, including options at 10p, we can probably draw a couple of conclusions:
1) His lack of 'ramping' (interviews, constant RNS) suggests that current share price is irrelevant from the perspective of the medium-term health of the company. Unlike almost all other small-cap explorers, the drifting share price doesn't impact our ability to raise capital. In 2021 we saw a lot of that behaviour prior to raises. However, this year's June report and last years both stated no reason to raise over the following 12 months.
2) If there was any concern about the economic modelling, we would be engaged in a phase 3 drilling of Racecourse and Ascot. I guarantee if had 46m shares, income from Manica and concerns about selling racecourse, drills would already be in the ground.
I now return you to your regularly scheduled complaining and moaning about he company...
Brilliantly put. Thanks for taking the time, Steve.
The volume will increase when the traders believe that good news is about to drop!
Unfortunately XTR does not seem to be getting its message out there and traders will use it as a stepping stone rather than the medium/long term asset that most of us LTHs are doing. Consequently the price drops when the time scale is anything longer than Jam at teatime...
It can be frustrating being a LTH here but the nature of the beast is the fact that when rerating news drops it will be already too late for the day traders to get in low.
That's what I'm hoping for anyway.
In the meantime I'm content to just whinge !
"Unfortunately XTR does not seem to be getting its message out there"
I suspect many have seen a number of "false dawns" in the past and now want so see actually delivery before getting in against CB's previous implications and expectations.
I appreciate that some may see that as complaining and moaning about the company :)
By the way...
Because nothing is priced in re Bushranger, even if the results are not as good as we all hoped for, or as CB has implied. I am not expecting a big drop even with bad news.
Circa 3p is probably about the value of FB alone.
ANY value from Bushranger will see the sp rise
IMHO