Firering Strategic Minerals: From explorer to producer. Watch the video here.
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I'm wondering if the reason for the current low sp is due to the traders thinking that XTR will announce the size of the resource and then start talking to AA to see if they are interested. That way the traders can judge the risk level and get in at the last moment 'Johnny come lately' style. Now, I have no prior knowledge of how these things work but it seems far more likely that XTR will announce both the size of the resource and the results of talk with AA at the same time. Not only that, but if the talks have been successful, a special dividend will be announced to shareholder based on some prior date. Possibly some weeks earlier.
It makes no sense to me that CB would announce a resource size and then begin talks. Many LTHs would be placed at a disadvantage as traders piled in awaiting the announcement of a special dividend. Maybe others have more experience in these matters and can enlighten me .
So, if I'm right then all those traders that want their pound of flesh need to get in now and show a little patience otherwise they could soon find themselves frozen out of the 'sweetie shop'.
Spot on Cygnus7, one morning we will have an RNS about an AA bid, an AA buy or an AA pass over so the asset has been put on the open market, in all cases the SP will open sky high ( assuming it's the expected good news) and the lions share of the money will be made by existing shareholders.
So yer pay's yer money and yer takes yer choice.
However it is played out, wether they do or don’t want back in, either before or after their intent is known I just hope we get to see a full webinar presentation with the team showing all the 3D resource modelling and surveying results showing any other anomalies so we get to see a visual representation of exactly what phases 1 and 2 have added to bushranger on top of the original study of the 71mt resource.
But, ‘just wondering’ if that is even likely, particularly if AA pass up their option if another or other buyers have already shown interest. But, it is a fantastic marketing tool so you would certainly hope they would do one.
Footrot assays possibly next for release?
Assuming I can't envisage a scenario where the SP will start to rise, gain pace and then end up at a level representative of a buyout value. It will go straight there, wrongfooting all the previous holders that have been congratulating themselves for getting out on the way down past 5p. For them this will become just another 'if only' stock. Ditto all those 2p warrant holders that exited as soon as their lock-in period expired.
There is no need for wider awareness of what we have here. There is no need for increasing traded volume. One day 3p, next day sale, handsome dividend paid to shareholders. It is that simple.
Hoping that now the share awards have been issued for employees, the next step won't give traders and last minute entities the satisfaction.
It does strike me as odd that given this impending good, great, massive news and the potential upside that there is no movement (apart from down to 3p) of the SP? Everyday is step closer... yet nowt happening. Is there a time frame that requires investors to be in on the share prior to the Special Divy?
I think everyone that has done their research is already invested. With no news for now, there is nothing to spark new investors, so the share price drifts down down on minimal volume. While it might have fallen to 3p-ish, the number of shares actually sold in recent weeks is only a small percentage of the total held. The MMs try to generate activity (which is how they make money) by moving the price around - usually down - far more than the trading activity would suggest.
Once news drops and sparks wider interest (assuming it is generally in line with expectations), the price is likely to move up rapidly, which is to the advantage of those already invested. Currently, its a test of patience and faith in your own research.
The sale of 79794 showing is in fact a BUY
Good to see a modest increase in buys this early in the week. Is the tide beginning to turn in our favour? I suspect it must be as we approach year end and lots of potentially favourable news due.
It does feel like sentiment is improving. 3x the SP from here will do nicely.
Just thinking about the recent RNS about the options. The real message here is that discussions with AA have not yet started as, if they had, then that would constitute insider-trading. However, the RNS may also signal that discussion are just about to start: shall we say 'imminent' !
In a similar vein, I believe we are still waiting for assay results from Footrot plus the electrical survey results. I wonder if the fact we have not heard anything yet means this information is withheld financial/strategic reasons? Just musing...
Possibly, it’s a slow burn.. before Xmas would suit
That would be a nice Chimbo present.
Shouldn’t be any reason to withhold footrot assays as we have previously had all the remainder of RC and Ascot. Good point regarding the share options, you may be right too about the survey results Cygnus, can only hope.
I still think another webinar after all the resource estimates, 3D modelling and new pit concept along with survey lines with a narrative will be an ideal opportunity for Colin to ‘eventually’ be able to champion bushranger if all that earlier optimism is proved to be just. Particularly if AA don’t want back in.
The silence now is deafening, can’t be much longer to wait since Colin asked shareholders to hang on in there and have a bit more patience.
A bit!!!
I feel like a kid who was given a new bike at Easter and was told he was not allowed to ride it until Christmas.
I’m thinking the Footrot results are in and there’s more work needed (so they were buried in the Ascot RNS)
In addition to the Ascot drilling, two exploration drill holes, FTDD-22-001 and 002 completed at the Footrot prospect, about 7km south-southeast of Racecourse, intersected lengthy intervals of alteration and iron sulphide mineralisation along with traces of copper and possible gold indicator minerals. This could suggest proximity to a mineralised porphyry - further modelling of the geophysical results here will be required.
Latest xtr tweet :
https://twitter.com/resourcesxtract/status/1591137427594547200?s=46&t=iDbzPhzZqgF_pe-GrAFmmw
Some one must be bored at xtr :
https://twitter.com/resourcesxtract/status/1591140728448901120?s=46&t=eHZlUvguFwRM7FWaN_2d-Q
Low SP because of the general market and lack of real news and also it is a Colin Bird company. I think there are many people who hadnt heard of the Birdman prior to 2020 but a lot more are now- and they are rightfully wary. Once bitten...
Colin Bird’s AIM record, as of November 22:
Time he became CEO of BZT- SP 0.5….now 0.08
Time he became CEO of XTR- SP 10...now 3.1
Time he became CEO of Galileo 7.38...now 1.4