Member Info for CaveatEmptor

So that would mean just 6 weeks ( maximum) to go?

Forgive me if I don't hold my breath - don't get me wrong, I would love to be wrong and will happily admit it if I am, but I have known CB for far too long to hang my hat on any of his timelines...

Looks like most of the regular posters have pretty tidy holdings, which is pretty much what you would expect , to be honest.

I have posted on more than one occasion that I will not be selling any of my core holding here until we are at least in double figures - my only problem at the moment is deciding just how far into double figures it will be before I take some profit from them. I guess that will depend upon the drilling results both in Bushranger and also Eureka and, of course, the near-time hard rock production at Manica. Something tells me that I will still be holding on tight well into the 20s - but all would have to go well over the next three months for me to be that brave... as problems go, it's not a bad one to have! GLA

Just because CB refers to a "3rd dimension", it may be wise not to read too much into it, this could just mean the dimension obtained from a third drill rather than the final dimension needed to complete our perfect model. After all we also have many other dimensions obtained from a myriad of previous drills.

The target depth for this drill could be 500m, 800m or anything up to 1,200m - the fact is that we just do not know...

So the drill could be scheduled to end today or go on until anything up to a week on Friday IMO.

Unless we know exactly which metric the drill has been designed to test we really have no idea when to start getting excited.

The only thing we know for sure is that the longer the drill lasts, the more mineralisation has been found so, as previously agreed - no news is good news.

GLA.

The increase in price certainly seems to be gaining traction - over $8,360 at the moment and still going up... maybe those balmy heights of early 2011 will be re-visited during 2021?

We have had a lot of very interesting posts over the weekend, and for that I am extremely grateful.

However, the most important factor for the short term SP movement is, IMO, whether or not we really have been included in the CD fund and whether or not WM will maximise his investment over the next few days...

Expect a TR1 sooner rather than later IMHO and for his loyal following to follow his lead...

Once an established fund buys into a company, the rest is just a matter of course...GLA.

I think your calculation assumes average copper equivalent grade of around 0.5%?

I am not sure we can make that assumption before we get some assay results, but it would certainly be good if the assays were to confirm your expectations...ATB.

By tomorrow we will have drilled through about 200m of mineralisation and that would increase to about 500m if the drill keeps turning until Friday.
Unfortunately we are no longer sure what the target is for the drill so we don't know if we should be expecting 300m, 500m or even 1000m?

Perhaps the Q&A session will give us the answer?

Cyber,

It might be a good idea to include the CB factor into the 'perfect model' timeline? So maybe we should be looking at the end of April for final confirmation and any earlier would be a bonus...ATB.

Perhaps it was just a holding tactic that would make little difference to the SP in the short term and allow others to accumulate shares at a bargain price?

Or maybe I am just being cynical?...

Hello Andtew,

Then why didn't he just say that in the first place?

Hello Gixxer, and what is 12e6?

People, please remember that a company's duty is to maximise shareholder value ( whatever some may say) and that often means playing your cards close to your chest!

DYOR and man-up to our ongoing situation...

Hello Gixxer,

When you say you own 12e6 shares in XTR is that 12 or 6? LOL...

Another good interview from Colin. I hope it is the last we hear from him for a week or two. LOL.

I know where you are coming from, Frog, but spikes produce casualties and that makes BBs like this a nightmare for those of us that are playing it long...

Thinking it through, WM has stated that he has a large PI following, so if his fund really is building a position and it is officially confirmed by RNS, then presumably we will be trampled by the stampede?

Not sure I want that...

I must say that I was originally a bit dubious about the CD Fund link-up, but the way things are panning out it seems that the case for a major investment from the fund is gaining traction, if this proves to be the case, I would expect a TR1 early next week.

We should be so lucky?

GLA.

So hole 3 has been modified in light of the first two drills. Now at 60 degrees and in a different position.
Presumably the computerised 3D modelling has dictated the line of this drill so as to give the maximum amount of information so as to produce a complete model, hopefully we will know at some point next week whether or not the mineralisation changes with depth.

GLA.

I don't suppose anybody knows if it is within AIM rules for a 'supportive' professional investor to ask a company to maintain radio silence whilst accumulating shares on the grounds that they will support the BoD and will have 'sticky fingers' so increasing value for all shareholders?
- Just a thought...

He would be able to build his position to about $1.75M ( almost 2% of his fund) before having to TR1 it.

Wonder how long it will take?