Member Info for CaveatEmptor

Any payout from Sandfire (and nothing is guaranteed) would be years away, as confirmed by the RNS.
Plenty more here that will produce increased shareholder value in the short term. No point in pinning our hopes on something that may never happen.
Remember that most of CB's shares come from over 10 years ago when the SP was up to 40p and he told me recently that he intends to make a profit on his investment...

DYOR and good luck to all!

Zak Mir has increased his short term target to 13p...
https://www.share-talk.com/share-talk-bulletin-board-heroes-thursday-4th-february-2021/#gs.smc43r

We are in one of those rare situations where no news really is good news!
Once the drilling has stopped we have to be told as it is price sensitive information so no RNS means the bit is still turning and the porphyry is just getting bigger and bigger.

Some people just can't get their heads around our current situation and panic sell - fine if that is what they want, but will make no difference to the SP in the end...

Or buys from earlier in the day - depending on your agenda...

Do we think we will get a 12.00 update today, or will CB let the excitement (and hopefully, SP) rise until tomorrow?

Probably some sell orders triggered at 6p - they may live to regret it...

Looks like there may be an extended closing auction?

Looks like there may be an extended closing auction?

-And now, suddenly it pops back again - LSE must have a glitch...

Not sure why tis post disappeared earlier?

"If drilling continues into tomorrow, that would mean 500m + of mineralisation - wasn't that a milestone mentioned by CB in one of the early interviews - something to do with a 'monster' - ?"

If drilling continues into tomorrow, that would mean 500m + of mineralisation - wasn't that a milestone mentioned by CB in one of the early interviews - something to do with a 'monster' - ?

Fact is that after the first three percent of the company they would have to RNS every percent they bought and as soon as the market caught wind of it the price would rise sky high and they would end up paying just as much, if not more - buying the company on the open market really isn't practical...

Whatever the response today, it will pale into insignificance if it is announced later in the week that we have hit a second system within the porphyry - and CB certainly seemed to hint very strongly in that direction...

It's normally a good sign when the SP continues to rise over the lunch period, so we could be in for a good afternoon of trading...

So the avocado stone is 60m wide - now only need to find out the size of the onion - could the appearance of well-developed chalcopyrite indicate that there is another avocado stone further down, I wonder?

GLA

Hello James,

I fully agree with you - plenty to excited about at Eureka - but there could be so much more ( maybe I am just greedy?)

I thought it was particularly interesting that CB pointed out that he expected his advice on time-lines would be accurate this time - maybe he really has got the message?

Now that CB has broken radio silence on projects other than Bushranger, can we expect to hear on progress at Guy Fawkes et al at Manica, so we can get a more complete view of income expectations over the next few months?

Hopefully the updates will be like the proverbial No 9 bus - you wait and wait then you get three all at once - We can hope!

ATB

My impression is that Eureka would have more legs if XTR owned more of the land surrounding the main strike:

"Of particular interest is a northwest structural corridor with coincident anomalous regional soil geochemistry for copper and gold. The anomaly extends for over 3km, much of it within the Eureka licence, with peak values of 1,315ppm Cu, 540ppb Au."

Now if all of the projected strike were to fall within land owned by XTR then it would be a bit of a coup and the value would increase a lot - It would make all the difference to Eureka being a small short-to-medium term play and transforming it into a large medium-to-long term play IMO.

However this morning's RNS is a good starting point - let's hope that CB builds on it in the coming weeks and months.

Looks like it really did close at 0.27p, though?

Big order being filled in the background or just MM games?

The warrants must run out at some stage so no biggie, IMO.

Good to see that corporate creditors are happy to be paid in shares at a rate above the market price - saved shelling out £100,000...

Hello Lucky,

Problem is I don't think it is cylindrical - it is more like a Yorkshire stone paving slab ( full of pits and indentations so the thickness varies a lot).