Member Info for CaveatEmptor

Posts keep appearing and then disappearing over and again all over the place! - This site used to be really reliable but the more LSE tries to 'improve' the site the worse it gets.

Come on guys, please get a grip!

Hello 1Day,

When was the last time you predicted a red day?

No offence, but as we have more red days than blue, your posts would not seem to be very well balanced?

And the POG isn't too shabby either - bodes well for Manica if we can ever get any real production going...

I thought CB was talking about a fat pear shape and even spelled it out (literally) to avoid any confusion?

Funny old world...

Hello LW,

I don't think that Bushranger will drain the coffers, it is more likely that the money being spent in Eureka and Kalengwa is of more concern as that is being spent at the moment and we have not been given any guidance on budgeted expenditure on these other projects.

A GF hard rock update from Manica must be due by now, hopefully that is back on track following improvement in the weather and it has the potential to meet out short-term cashflow needs...

For clarity:

I think the drill hole assay results will be the limiting factor on completion of the 3D model...

I agree JR,

The last time I broached the subject of dilution with Colin ( I do it quite often) he told me that another fund raise would only be needed if the potential is shown to be there and in that scenario, with a much increased size of resource, I should not be worried about dilution.

Let's see what the assay results say as that is likely to be the next important news.

It is obvious from Colin's comments last night that the IP survey results are being analysed as they go along, otherwise they would not have had sufficient reason to extend the survey area.

Only the IP data surrounding Racecourse will be needed to contribute to the 3D model of Racecourse itself and I would imagine that is what has been done during the first 10 days and the results are sufficiently encouraging to expand the survey area. So I would think that the assay results will be limiting factor on completion of the 3D model.

- Remember that a survey area of 1000m diameter is about 785,000 square metres in total, and this would cover the drilled area of Racecourse - expanding this by only 250m all the way around ( new diameter of 1,500m) will give 1.77 million square metres in total- so would double the time taken to do the survey.

Hello 1Day,

So you are saying the SP will continue to drop until the market wakes up?
You should be predicting red rather than blue...and you would probably be right on a much more frequent basis than of late.

I have to echo Bob's comments (also being a LTH).

Personally I care not what others have to say as I am content with my investment and expect to make a significant profit .
The story here has only just started , and those that are well researched can already see it IMO.

Bravo, Ted, on your grammar, if not your honesty...

My recommendation, moving forwards, is to ignore any post here that has no real content or is over 50 words long (excluding links) as anybody that is unable to make their point concisely is probably insincere.
Obviously I will also do my best to comply ( although sometimes difficult)

https://www.dailyfx.com/forex/fundamental/article/special_report/2021/04/07/Copper-Forecast-More-Upside-for-Red-Metal-on-Upgraded-Global-GDP-US-Stimulus.html

During lunchtime is normally a good sign, so may be an interesting afternoon session...

As many here will already know, I have a significant holding in XTR.
I am now torn, as six months ago I would have said that I would never buy above 5p! That resolution has come and gone and yet now I still find myself with a £100,000 + headroom on my trading account - so what do I do?
Hole 2 assay result will be very significant IMO, so don't be surprised if you see considerable buying pressure following commercially favourable results. For some reason I am already resolved to going that extra mile...

GLA

My understanding from my last conversation with Colin is that only three or four more holes are needed to prove io 2mt at Racecourse. The remaining drills in phase 2 will be to explore what we have in addition to the Racecourse porphyry and the number of drills required will depend on a number of factors, including the IP survey.
Interesting that the rhetoric in yesterday's interview has changed slightly from hoping to find 2mt at Racecourse to it being only a matter of time until the magic figure is realised.
There can now be little doubt that the AA buy-back clause is going to be activated- the only remaining question is 'when' IMHO.

The contractors stopped work early over Christmas whilst the hole was still shallow enough to make it unlikely that the bit would get stuck down-home.

However hole six will have been well past that point last week so it would probably have been far too risky for them to have stopped over the holiday.

However, the only way to be sure is to await the RNS...

What chance of a hole 6 RNS at 07.00am tomorrow and what are the implications if there is still radio silence?

Hello Steve,
I guess that once the IP survey is complete the data needs to be analysed and interpreted, which will also take time, then that information would need to be fed into the phase 2 plan. Considering it takes 6- 8 weeks to get back assay results for each phase 1 hole, then the timescales quoted by CB seem to be realistic.

Hello Doog,
From AA's point of view it would make no difference as they would only have to pay the fair price regardless of the SP.
From an XTR investor point of view, I agree the price could go crazy, but anybody that paid over the odds would get spiked and, to be perfectly blunt, would be getting their just desserts.
On the whole I doubt that AA will make an early move, but as CB has mentioned the possibility upon more than one occasion I am reluctant to completely rule it out.

ATB

Hello Best,

I would not be so sure.

The point is that once anybody gains a controlling interest they can force the remaining shareholders to sell, whether they like it or not.

This type of business deal is neither gentlemanly nor fair. It is simply a way to maximise profit.

The best way to fend off such action is to get the SP up into the high teens or even low twenties, that way they would have to pay a lot more for their shares and any early offer they decided to make would need to be correspondingly higher.

Not saying this would happen, but business has a way of favouring the strong...