Member Info for ButlerMan

Thanks Andmillsy. So even if it had stopped yesterday, and the RNS is in preparation, this is a minimum of 6 days drilling. Or around 400m so far. So I hoping no RNS on this now until at least mid next week! ( 800m+ by then…).

Any thoughts on how many days the drill has been turning on hole 25? I’m anxious to get visual mineralisation of the cores, but equally, the longer the hole is drilling through any mineralisation, the better. So I’m conflicted! Any informed guesses as to the current depth?

The way I’m looking at it is that there is probably an 80p to 100p dividend coming on the back of the FY results. So, the share price could sink to around £2.50 and I’d still be in profit. Even if SA sell off their entire holding, I don’t think the share price will sink to £2.50, or if it does, it won’t be for long, given the gas supply situation and the knock on effect on pushing coal prices up this winter. So, for me, the downside risk on this share is minimal. Happy to consider contrary views, as I’m new investor here.

Same for me, SL. As suggested, I’ve sent an email too.

Thanks Trek. The wisdom of the bulletin board is to ‘hold’, which I am comfortable doing, as I see a lot of potential here. The next few months should bring quite a few RNSs.

Thanks for the advice, RightOn, Rajbury and A-I. I rarely trade shares. Instead I tend to do a bit of research on fundamentals and prospects, then invest for a reasonable period. I was very tempted by the prospects here, and the quality of the BoD. I just mistimed my investment- hitting a high. Your reassurances are welcome, thanks. Gives me confidence that my investment decision wasn’t a bad one, just that I could have timed it better. Happy to sit on this share for a year or so.

I bought in here a few weeks ago in the 70’s. On the basis of what I perceived to be good prospects, the ADR programme, and the BOD not selling anything. I’m now 30% down. Any advice from those on here who have been following this share for longer? Thanks.

This brings a lot of clarity to the potential that Xtract has. Thank you Iceberg. I’ve been building a holding here since March, and I’m here until this plays out.

Grateful if you’d help further. There is clearly a large range on the potential NPV, depending upon what the next phase(s) of drilling reveals. For the sake of argument, let’s say the NPV ends up at Aus$ 1bn. What would this translate into in share price? I have no idea what would be reasonable to discount the NPV by, to allow for the risk ( and opportunity cost) that a major would have to stump up to develop the pit/ mine.

Thank you in advance.

The 1m shares wasn’t me, but I bought £15k worth, and it was shown as a sell. Also both sides of my Bed/ISA transaction were both shown as sells, so I really don’t trust the Buy/Sell flags.

If CB hasn’t declared 2Mt, then AA can’t use that clause/option to submit a bid. So Surely if AA come in with a low ball bid of £150m, then there is nothing to stop CB sharing the drilling data with other large mining companies, who could (hopefully) submit a higher bid? I don’t think AA could stop this, as the 2Mt option wouldn’t have been triggered if AA submit a bid earlier.

My buy of 500k shares was also shown as a sell