Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
The reason the sp is so low is purely because no-one believes we have what it takes to sell to AA.
Why? Probably because we don't know yet for one and for two Colin said we were selling it and now we are drilling more. which brings up the issue of why? Is it because we don't have enough or because Colin doesn't want to give away a cadia?
Number 3.... is Number 1 and 2 combined....... do you believe what Colin bird says?
I can tell you now! The SP will react when the RNS from AA states their buying it, why? Because when AA tell you something, its happening.
Hahaha that made me laugh littlewing. That forum is bad but I still don't think it makes a difference to the sp.
Ella10... nicely put
Steve... I think you are being overly sensitive to some healthy criticism regarding our investment. Perhaps you should visit A D V F N to see what negative really is.
Well Ella from LSE doesn't believe that! I like to read both the positives and negative to allow me to do any research I feel necessary. The board does feel very negative at the moment. I have always thought Andrew's posts were informed and grounded and appreciate the information he posts. Everyone wants to know what the resource looks like. I do think with costs on the rise that the lower grades are a concern. I am not convinced we have 2mT at Racecourse. However, I do think we have a huge resource but I would like to see that quantified sooner rather than later.
We are only getting 90p now... keep up
The reason the SP is down is not due to use chatting on this forum. If it was the sp would have hit 30p at some point due to all the ramping we have done. And if Ella from telegram would have you believe, we are getting £1 a share for bushranger.
The quality of the primary source of information and communication is the whole point of recent unrest here !
Steve, I am on telegram and know about the UTs as you posted about them, aswell as telling everyone not to worry about the drop in SP as only 0.3% of share have been sold etc. It doesn't make a difference how many shares are sold
...I only care about the SP.
I moan on here, along with everyone else because if you say anything bad on telegram, you get kicked out. I am a long term holder and have only sold and bought back once in many years and that was just after the final accounts, this year. As you may remember I was on holiday in paris and was furious. I came on here and vented furiously but that was two days before I sold 40ks worth of shares. I then bought them back a few days later as fomo kicked in and I managed to bag about 7k in profit..... yes I berated xtract before I sold!!!
Steve, I have no problem with you at all and think you are a great and valued poster.... but everyone is entitled to thier opinion even if it opposed to yours. Some people are obvious de-rampers with obvious objectives to get the price down. I for one don't care what people say on these boards because I don't believe it makes a single bit of difference to the share price, hence why I berated xtract and Colin before I sold shares.
In fact, its quite ironic that the same people complaining about Colin's communication style are spending their own time ensuring that this forum, which should be a source of information and communication for new shareholders, creates a terrible first impression of the company and therefore damages their own investment (if they have one). Interesting strategy.
Perhaps Colin has moved to telegram in that case ;-)
>> Steve... you clearly have not been in XTR long enough to pass that sort of unwarranted judgement on long term posters on here.
What has that got to do with anything? The forum is filled with complains and little in the way of the type of constructive discussion and research that we used to see. I don't need years of experience to see that. In fact, the people most influenced by the current state of this forum are the potential new investors that read all the complaints about Colin and XTR and go elsewhere instead.
>> I meant to add before... the SP is where it is WITH the FB boost.
What FB Boost? It seems that CB has deliberately said nothing about FB, apart from a throwaway line. Any potential new investor is unlikely to know anything about FB income. He appears to be saving that news for when it will make a difference.
>> lso Colin made a point of showing disappointment that cash raises are difficult with low SPs
Yes, but for BZT! Xtract is in a totally different situation thanks to FB. He stated only a month ago that we didn't need to raise in the next 12 months. As I said, distorted reality.
Steve... you clearly have not been in XTR long enough to pass that sort of unwarranted judgement on long term posters on here.
I meant to add before... the SP is where it is WITH the FB boost. Also Colin made a point of showing disappointment that cash raises are difficult with low SPs. I hope that disappointment doesn't out-weigh the disappointment of having the buy-back thwarted !
>> Tiny UTs have not put the SP down to where it is. Yes UTs can distort a daily close but are you really saying that the SP is heading lower because of occasional UTs ?
Lucky520 asked if the 10% share price on a specific day (as I quoted in my post) was down due to world events or the news release. I replied it was due to a small UT instead. It seems self-evident that if Lucky thinks the share price dropped 10% in response to news, that would give him a different impression of that news and the company in general than if the share price dropped 4%.
Combined with the near-constant complaints on here about Colin and attempts to play down the current massive disruption in the word economy in preference to a 'XTR is badly run' narrative, it can create a false impression, either accidentally or deliberately. Note we almost never get a small UT higher than the mid-price.
It seems to me that some people claiming to be shareholders are either consistently trying to damage their own investments by creating a distorted impression of the stock (which seems improbable), or have sold and are now trying to find someone to blame for their losses, or are trying to get a cheap buy price.
I'm investing a lot more time in Telegram now, which seemed to be an XTR forum for people interested in research, understanding their investment and having informed debates. LSE seems to have become a forum for people to complain that Colin is responsible for all their investment woes. Funny how they didn't complain about Colin when the share price was going up. How people handle adversity says a lot about their character.
Tiny UTs have not put the SP down to where it is. Yes UTs can distort a daily close but are you really saying that the SP is heading lower because of occasional UTs ?
>> Was the 10% drop the other day due to the world problems.... or the news release.
It was due to the small uncrossed trade after close that was outside the MM official bid-ask. Actual drop based on mid-price was only 4%. There was another tiny UT on Friday that appeared to cause another drop but mid-price didn't change so that was actually no change. Try checking level 2 to see what is really happening - or check on Telegram where I post the level 2 information every day.
Seems like a few people are going to a lot of trouble, either via manipulated post-close trades or misdirection tactics on here and other forums, to paint a rather different picture than the reality. I wonder why. I assumed the latter was just frustration, but maybe I am being over-generous. Plenty of money to be made here by encouraging people to sell.
Then again, don't worry about what's going on with Bushranger over there.....soon it will be.....look over here, we have just acquired another prospect with huge potential to make you all rich and increase shareholder value.
He has actually said, they are looking at new projects. With what money are we buying these Colin? Because fair Bride revenue should be going going on phase 3 and getting BR sold.....no?
Just to add to the situation...lol
..... if we were now to declare talks with AA, like Colin had suggested.....would the SP be where it is now even with all the other economic and geopolitical problems?
I believe that it would be substantially higher but not as high as it would be without all the problems.
So i believe the majority of the drop is down to Colin.
Was the 10% drop the other day due to the world problems.... or the news release.
At this point, I think it is easier to agree to disagree. We all have different past experience and perspectives and will weight our decision-making accordingly. I don't think we are going to change each other minds on this topic so I will bow out gracefully.
"What you are saying in effect is that while the world economy is crashing down all around us and everyone else is suffering huge share price falls, we would have been fine if only CB had better communication skills."
I'm surprised you would come to that conclusion after reading my posts.
I'm not saying that at all !
"Of course world events are playing a big role here... but the markets negative perception of XTR has magnified the SP drop"
Agreed.
Its a matter of opinion if its 10/90 or 90/10 re world events v mismanagement of expectations .
I just give more allowance than some for the possibility of mismanagement of expectations.
"Yes, but last time it happened was there the same level of massive economic disruption? Was copper down 30%, was the whole index down 30%, were all the other small-cap miners crashing? Was there inflation, high energy prices, etc.?"
Nope.
External factors were fine, but CB's mismanagement of expectations v results was the reason for same type of drop. Actually, it was worse than now, as I remember the SP falling from 2.5p to 0.7p after poor results against forward guidance. I just bought more :)
To explain again, I'm not saying that that is 100% why its happened now, but maybe that COULD be playing a much bigger part than some think.
I think our 50+% drop could have been inline with the 30% drop in copper and aim generally if the market knew what the strategy was. Of course world events are playing a big role here... but the markets negative perception of XTR has magnified the SP drop. Whose fault is that ? It certainly is not the shareholders who chose to ignore previous history and take a chance on the original guidance regarding bushranger. Now that the quick "tie a bow on it" deal is off the table the SP has been hit harder than it may have been. I dont know what the strategy should be now. I'm concerned that Colin has previously thrown money at ill judged "opportunities... Kalingwa (or whatever it was called) and the diamond miner fiasco. I don't want Phase 3 to be a repeat of that. It is rare for exploration companys to make a go of things... why should Phase 3 be any different. Maybe we should bank the FB cash and see how things are when the world comes to its senses again.