Member Info for Cygnus7

I thought post-Easter would be the start of a healthy buildup of sp but seems like everybody's jumping ship !

Maybe they were expecting a post-Easter RNS and the traders have moved onto more fertile shores now that hasn't arrive.
Cygnus

"Cygnus before 30 June you can also add 2021 annual results to be filed
The report by Colin in the statement is generally an excellent summary of status."
Yes, even more news than I was expecting. Hopefully after Easter the steady rise in the sp that has emerged in the last few weeks will be driven on by RNSs delivery good news on a regular basis.
Cygnus

Was not aware of that one Ella !

Cygnus

Once Easter is over we can expect a lot of news:
Income from Africa?
IP results
Drilling results (mark one eyeball)
Assay results
Update on model
Discussions with AA?
All of this is due in a short period of time if CBs timescale is to be maintained.
Cygnus

Don't know if anybody else has noticed but the cash turnover in terms of shares bought and sold has increased quite markedly in the last few weeks.

Healthy nudge up in the sp this morning.

Lots of news due.

OK, Smiller, keep an eye on for it for a bit of fun.

Smiller: I got accused of ramping last time I mentioned this company but as you've asked, take a look at XTR. About to deliver this summer.

It seems everybody in Australia is having problems with assay results and investors in all of these companies are wondering if there are problems they are unaware of. It's the same with other companies I invest in.

There's a lot of buying appearing to be taking place but not much sp action...
I wait in anticipation.
Cygnus

Andy,
I'd be happy if that's the way things turn out.
I imagine that if a resource super-cycle is just starting the AA shares could be a good long term investment plus those of XTR in Africa could appreciate nicely.
Cygnus

I don't have any expertise in this area but I thought the Australian assets would be sold off (although a deal may allow us to retain some of them - Footrot for example) while the African assets would still belong to XTR. Hence I would assume a special dividend would be paid, possibly some AA shares (assuming AA is the buyer) and XTR shareholders would be left with XTR shares that reflect the value of the non- RC & Ascot assets. Does anybody have any expertise they could add to my rough guesses?
Cygnus

Thanks for your thoughts Steve.
Cygnus

I think this subject has been addressed before but I still have difficulty imagining how the landscape is going to look over the next few months. I was going to outline the different possibilities but as I began I realised that there were too many 'ifs' and 'buts'. So, I will broadly outline my issues.
Does CB present his results to AA saying lets ignore Ascot for now while we continue drilling there. Does he include Ascot in the overall assessment and if so, does Ascot carry less weight due to the limited drilling? Do we hold off on the 2MT trigger until Ascot has had a proper assessment and then include both resources in the same pot. If so, does Footrot play a role or could that be put to one side and not be included in any future sale. Something for XTR to work on in the future?
Also, as seems to be the case, when/if BR is sold on I assume investors will be rewarded with a 'special dividend' in which case I imagine we will all still have the same number of shares in XTR but the price will be re-rated to only include the value of the African assets.
Any thoughts would be appreciated.
Cygnus

Can you two keep the noise down...some of us are trying to sleep !

Hi Andy,
yes, I remember you mentioning your good fortune previously. Well done with that average. I've had bad luck previously where companies have gone to the wall without any sort of warning so with any luck XTR will compensate for those plus some extra.
I've got to the stage where I feel any further investment would not be prudent despite my confidence in the company. But my investment is large enough to have life changing effects if all works out.
If I have any fears it is that some of the gaps between copper loaded areas dilutes the grades and the resource may not be as large as we hope. Still, that's mitigated by Ascot and a possible third porphyry that was mentioned this morning - lets not hang any hats on that for the moment !
Cygnus

I have to admit that any good fortune that may come my way via XTR was entirely luck !
Since retiring from my career choice I wanted to work for around ten years and was fortunate enough to be able to commit any income to a private pension. That did OK until I saw a few newspaper articles saying that the area my pension was invested in was unlikely to do well in the future. Through inertia I never got around to doing anything about it and the pension growth did indeed stagnate. At that point the pension temporarily closed all cash inputs or outputs and I found cash accumulating in an account I keep especially for work income and as a buffer for my pension. As I was close to retiring and the pension was adequate (it did return to trading without loss) I decided to be a bit braver and looked for a stock to place that income into. I had XTR which was underwater but I knew the African assets should soon begin to be profitable and the shares were what I considered cheap. So, I started stocking up around 2p and a few months later I heard BushRanger had been purchased. I was still buying and hoping to simply get may money back when that first long drill hit gold, well copper more specifically and doubled my investment in days. Yes, I've added since which has raised my average to around 4p but should this work out then I cannot put it all down to skill but due to my pension doing badly! To be fair I have been reasonably brave committing funds to this company but I have asked a few times if anybody on this board can see any potential down sides to this company and very few voices are raised.
Hope that didn't bore anybody but this for me has so far been an exciting and fortunate ride and I just need the fat lady to sing !
Cygnus

Monty, I'm fully loaded up too. I was trying to wait for the price to maybe dip below 6p but in doing so it merely crept north. So, last week decide to get buy in again just to round off my holding.
If it works out then my retirement will be well funded, if not I'll still have enough to enjoy life but it'll be another one that got away from me !.....
Cygnus

Ella,
I would have thought that with the arrival of Ascot that any available resources would be invested there rather than 'wildcat-ing' Footrot.

A third porphyry would certainly set the cat among the pigeons!
I assume Jeremy Reid is referring to Footrot but after all of the activity at RC and Ascot, is there time and money to spend on FR?
Cygnus