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So..... Great rns, much more to follow......
New updated model
Hole 19 will be interesting
SE target still to be tested
Foot rot still to be tested
Possible larger porphyry
Better copper grades and gold grades
More assays to come
3 alluvials producing
Eureka to start bulk sampling
Eureka to start producing soon
Kelengwa to start producing soon
Fairbride to start producing soon
And a possible iocg at eureka to be tested.....
Also there's a few more with additional hard rock production and anything else I've forgot.
Just look at the potential over the next 6-12 months, it's staggering!!!!!!
Fair analysis Cyberiachas, out with old money in with the new, the next investment cycle could come round again once we get a JORC revision as a glut of folk take profits, or at 10p as investors can be quite predictable. Most will have some kind of strategy, I can recall theiceberg stating he would sell at a ‘certain’ point.
I have re-evaluated a few times now, I don’t know what that means anymore. All I know is I am probably over exposed here but feeling more and more confident to hold long and keep averaging up now from here. The hard part is knowing when to eventually sell or take profit if you are greedy like me!
Approximately 9 million shares were bought today on these good results so there is quite a lot of interest- but there were approximately the same volume of keen sellers .
If there was zip volume we would have more of an issue . The overhang will clear , there’s a lot of people on a handsome profit at 4.5p but less after today I think
I can sort of understand why the results from today’s Bushranger assay update haven’t moved the dial, apart from Xtract crew (and AA) who really understands the impact of todays results on JORC?
Yes they’re fantastic and better than AAs drills, but good grades were expected and how much additional copper does this actually add to JORC? Need a couple more high assay results across the crown to support some real JORC growth.
Next weeks updated model (and one or two results) should help.
I’m thinking (please chip in) that mainly holes 13 onwards into new areas / waste areas that make this move.
isomer, much better quality commentary on the bulletin board as well :)
I do think that certain big holders who have a lot of 1.5p and 2p shares take advantage of good news days to shift a big chunk of their holdings .
On a normal day such big sells would destroy the share price but get away on days like these .
But it looks like lots more good news days ahead I’m the next few weeks and at some point the big sellers will be done and this will really shoot up - imho
Monthly instalments :)
Only the other day we were discussing a possible IOCG occurance, early indications at Eureka are supportive for sure. With the initial assays today from racecourse that show very good economic grades over very decent length too. It does make you wonder. Good traffic today proving word is slowly getting out.
Has it de-risked? Certainly in the eyes of medium to LTH’s. The updated conseptual pit may stir things up a bit. The wider market that understands the cycle of the discovery phases will want to see evidence of future funding for this to really take off. But for now these slow steady rises will do for me. More sustainable and could see a decent run of blue with less retraction as results land throughout October.
Xtract are doing everything they can and being transparent with the market, they have very experienced geologists and management team that have been there and done it before. That’s all can ask, the market will do what it does.
as i may have mentoned before i remember seeing xtr jump 175% one day a few years ago.
Andrew - The sum on the cheque... are they paying in instalments?
The market seems to want more proof of the great fundamentals here. It looks like the only way the market will start to believe is when there is a photo of CB holding one of those massive lottery style cheques stating "Pay Xtract £300M" from "A major".
That said, the market may still want to wait until the cheque has been cashed before moving higher :)
The news has certainly set the BB alight which is good to see. The lid cannot be kept on for ever.
F100
So, high trading volumes today but finally having little impact on the SP. Onwards for the next RNS !
to get into double figures,ive seen other shares soring without half the news this share has and its stil at this measly low low price