Member Info for CaveatEmptor

I just topped up a million shares with profits from TERN, but looks like it will be reported late.

MMs seem to want to keep the SP down for some reason?

I would be very surprised if Eureka or Manica are making significant money before Q3 2021.
I agree that the SP is likely to increase leading up to profitable production, but it is also just as likely to crash with the inevitable setbacks along the way - hence my comment about buying .opportunities.
If you consider a rerate to be increasing from 1.5p to 2.5p then I agree, that could happen within 4 or 5 months.
I fully agree that the SP will eventually be 6p+, but think that 6p as a support level is unlikely in the next 12 months - unless of course CB gets his act together and lives up to his predictions but, as you have said on many an occasion, that is not very likely.

I hope I am wrong, but somehow I doubt it...

Hello News,

I have no doubt that the Bushrangers deposits have the potential to be proven up, using a series of drills over period of time - an eventual selling price could even be in the tens of millions - but if we have to wait for that to give us a re-rate then we could be waiting until 2022?

Manica is the best chance of a short term sustained increase in share price - most agree on that point ( even CB), but what is up for debate is the meaning of 'short term' - how long is a short ball of string?

Should read if it relies solely on Manica

Hello Andrew,

I am beginning to think that even mid 2021 is being a bit optimistic for a rerate. Particularly it it relies solely on Manica.

The rainy season will last for the next 3 or 4 months and little is likely to happen during that period. Whatever the reasons ( Covid?) a window of opportunity has been lost and recovery may not come until Q3 2021 IMO.

On the up side, I am just as optimistic as ever that the rerate will happen and I now think that I will probably get some good buying opportunities between now and then...

About 157 million warrants have been cashed in this month - so about £250,000 additional cash in the bank?

Hello Trellis - was the £ 560K ( assuming the normal 10% brokers fee) raised in August not supposed to cover planned operational expenses? - this will be in addition to the £413K CIB at the end of June and warrant sales over the last few months - so around £1M now in the bank?

Zak says he expects companies like Xtract to change a £10M MC into a Billion...Think he may be being bit optimistic there!

Sad thing is that you seem to believe what you are saying. Sleep tight.

Yes, many think it is immoral to post, as evidence, news articles which have not been researched or which you think are false. If you think those 'news' articles that you posted are true, or posted them without carrying out due diligence then that says a lot about your posts.

Posters that quote bullshiiit tend to speak it. If the cap fits...

Interesting to note you can buy bullshiiit, just as easily as you can buy shares. Quite right, my name is often very apt...
Many of us have our own opinions of the reasons for the content of that report. Hopefully your motivation is not as immoral as the decision that some think was taken byTW? I guess only time, and your posts, will tell...

I agree Enrico, and it seems to me that C B has changed the direction of each of those companies over the last two years such that their assets are becoming aligned, particularly when you take the expertise of JLP into account ( a serious £150M CB company coming into focus at the moment)

Maybe 5 separate companies at the moment, but maybe one mega prospect in the near future if all the assets and skill sets are amalgamated? Watch this space...

37.5M at .16p = £60,000, or maybe I have a duff calculator...

So another £60,000 in the bank - every little helps in staving off another fundraising...

Snap, Enrico - so a gnat's whisker off a 100% rise on the day...

0.486 close :-)

Auction being extended, could end up almost 100%?

Yep - spectacular last 15 minutes of trading - so a gap-up on opening?

Certainly very carefully worded - and not a speeding ticket...

At this rate, that £250,000 buy could be in profit by the end of the day...