Member Info for CaveatEmptor

Given the consensus is that the 4 million share trade was a buy, somebody must have a lot of faith in the company to invest £100K - not the sort of sum you bet on a whim...

Hello Gixer,

That £100k trade was a buy IMO. Other sells of much smaller size around that time were well below 2.5p so I cant see how such a large sell could get such a high price?

I think we would have to be drilling the first hole for the rest of the month to get up to anything like that MC - LOL!

But we can dream...

Good find, Gixxer - an insightful article.

What I found was similar - that's why I ended up with 100,000 shares - I had tried for 250,000 to start off with and dropped bit by bit until I could buy below 2.5p - but I don't think the price will stay at this level for long...

Too right Lucky - should read 2.488p - typing too quickly...

I just topped up with another 100,000 shares at 4.88p, so I guess that gives you my answer...

And NSW is about 11 hours ahead of us anyway - But I still don't expect to hear anything before tomorrow, although an RNS today would of course be a bonus...

Hello Gixxer, glad to see our calcs agree - so we expect to hit 815m early tomorrow morning then...

It is only dfair to point out that as 815m was the target depth they will not stop drilling until they get there, even if mineralisation has petered out on the way down. In this event we should find out by RNS on Friday
Of course if the mineralisation continues beyond our expectations then, yes, we could have got up to 1,100m by the end of Monday and I would expect confirmation of this milestone on Tuesday. However, if the mineralisation runs out over the weekend we should expect to hear the final depth in an RNS on Monday morning.

Nail-biting stuff...

Looks like there is about ten times more gold than previously taken into account, so should make a considerable difference to the valuation, but we will have to wait for the numbers to be analysed before we find out an exact figure.
Looks like we are heading in the right direction.

Very odd price movement in the last 30 minutes - then ended up at 2.4p?

Hello Isomer, but perhaps you will regret it if you really paid 4.28p?

MMs must be reading this BB as they just ticked the price up to 2.4-2.45 - LOL

I thought that 110m was with the 0.3% cut off - mineralisation before that was too low to count? - but I won't argue over 30m, No RNS by Friday lunchtime will still mean higher than planned mineralisation and the market will have the afternoon to consider its position leading into the weekend...

...And, as mineralisation started at 110m then the hole depth will already be around 720-730m - so only around 100m to go...

Agreed - although a Manica update would certainly be welcome...

A 30 bagger from here would give a market cap of about £400M - Isn't that the figure CB recently gave as his target for XTR?

Sorry about the typo on you name Joeman.
ATB

Jueman,

You and Bob are correct - we have not drawn down any of the loan and we have the OPTION of doing so within the specified windows of the agreement. Sanderson can not force us to draw down any cash unless we wish to do so.

As I have already stated - this is really only a red herring and is fast becoming a storm in a teacup...

P.S. If no RNS today then that will mean we have over 600m of mineralisation ( 530m as of yesterday plus an additional 80-90m),

So any modelling based on only 600m will already have become outdated...