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Not surprised when this is below 1p tomorrow evening.
It is comical watching the traders jump in, pump it and then moan about the spread because they can exit with as much profit as they would like lol
Just looks like another project a major rejected.
Reminds me of bushranger.
What makes anyone here think that 1.5 million spent over two years is going to find anything meaningful that glencore missed.
Just looks like another project needing millions spent on exploration. I'd be happy if we had 15 million to spend.....but we don't. Its being drip feed to us, of which £400k will go straight into colins pocket over three years. Not to mention the rest of the board and employees.
Actual spread is 1.035 - 1.145 + 0.11p
About 10%
Get buying, when it jumps to 2.5p you'll be wishing you had.
And I need the money.
Ripley,
The huge spread is making this much higher risk than most are willing to take. When you need to see such a big climb just to see the share price reach what you paid, never mind what needs to happen to get back more than you paid you can't blame people for not buying. Then with no trades there is less interest so we sit in limbo.
All very sad.
14 posts to 11am
Spread 20% fell back to 0.83p 2/4/24
Back to 1.1p today just two days on .
Bid 1p Ask 1.2p
Likely the staged equal payments will just start as roll on in quarterly payments with immediate effect as the deal is done for disposal.
The cumulative fundamentals here seem clearly significantly better than the current market capitalisation.. and even including AIM on its knees and this sector therein more or less the same and allowing a discount for the 'Bird effect' on top too, this would be more fairly priced if it were currently somewhere in the 1.5p to 2p range
IMHO & DYOR
To answer Gordonb
“When does the 15mil payments begin to roll in?”
Xtract Parties are to be paid a further US$3.325 million in cash to settle all monies due under the Mining Collaboration Agreement from MMP to Xtract of which US$2 million has already been paid.
The $15m will be paid in cash in regular staged payments by the Buyers over the period to 1 March 2027
As for Linconlite you need to do your own research to understand that you have described the business model of just about every junior in the exploration mining sector.
So with significant income from staged payments up to 2027 and at the least $2m cash in bank you cannot put xtr in that same basket.
I doubt it David6576. You'll not find many researched investors trusting Colin Bird with their capital these days. Gamblers maybe, but not investors. Colin has quite a poor reputation as the operator of a number of 'lifestyle' companies. Historically, he's the only one that tends to benefit financially, from the fat salaries and board fees he pays himself. The majority of shareholders lose.
I would have bought some but the mm can go poke it feck them, can't understand why it would be so high benefits absolute no one not even the mm .
20% spread on HL is ridiculous.
Investors snapping up while it's dirt cheap.
MM letting it run, quite right too. A few good buys this am at 1.1
When does the 15mil payments begin to roll in?
Close the spread and let her fly p
Confirmation of the value that has been created for shareholders. Excellent progress.
Copyright OldSchoolFart
Let’s see heeded go hard today! Started well with bid rising
Isn't it comforting to see a sustainable share price. Well for half a day anyway
Most were viewed in yesterday's late JV update.
Still dirt cheap with a tiny market cap. Long way to go.
I’ll take that to be ‘You Gent ‘ Cruella.. thanks 😉
I love the ‘topple with Copl’ line btw ..fortunately, in the round - thru range trading the arris off it - that was a morsel at 1.5 k down .. you should have picked Bowleven instead of it .. or better again, any of the 11 that have gone to zero !
( O&G is my thing btw.. kept me smiling roundly through sundry other sector misery .. fortunately.. on the cesspit that is AIM )
Https://twitter.com/robert_ivanhoe/status/1775614689961255026 at 9.01pm, Wed, 3 Apr 2024.
Robert Friedland: " Per Bloomberg, COPPER JUMPED to the HIGHEST since Jan 2023 as fresh mounting SUPPLY RISK and fresh signs of a rebound in DEMAND reinforced hopes that the bellweather industry demand is plotting a course to NEW RECORD LEVELS. GOLDMAN SACHS predicting prices will reach RECORD HIGHS of $ 1 2 , 0 0 0 BY 1ST QTR NEXT YR and CITI GROUP seeing it hit that level by 2026. Etc."
Xtr can scope these projects and advance them along from treasury funds. Major exploratory work will potentially warrant a fund raise, but it will be off the back of a major discovery. That’s how I perceive the current situation. If xtr would have kept Manica then a definate raise would have been needed even prior to buying into the second mining phase. And probably then some…It would have severely hampered the Zambian efforts to delineate any resources from reduced availability of any guaranteed revenue funds
I concurr.
Hence Manica deal was bad.
Now bring on the fund raiser but not at this price.
There is a difference between raising market funds to keep the lights on or to pay debtors than raising toward a genuine growth opportunity which Xtr ‘will’ have a choice on doing.