Member Info for Dibs61

Bid edging up. Decent liquidity as there’s a tight spread.

I’ve checked out the dates and not expecting first assays just yet - maybe another week or even two. But no problem with that. Once they start it will be a stream of assay, and hopefully other news.

I think after a succession of really good announcements sentiment is shifting to the positive here and this last quarter is going to be very interesting!

I wouldn’t worry, Doc likes to take the contrary view and if he ruffles a few feathers in the process so be it. Love the gentle put down by Oxford btw. Over to you Doc to check for us lol

All done in a split second actually!

Did you see that bot smack down there? 3p off the SP in a matter of seconds. Just as it was getting going. It seems to be so easy to manipulate the price using this access.

On the cards?

We must be getting close to that transformational FDA approval.

Robs quote: ‘ Work this out ... this could be valued at more than $100m’

I read that and wasn’t sure if it was a mickey take apologies rob im sure it wasn’t ;)

But it reminded me of that scene in Austin Powers where Dr Evil demands a ransom of £1m dollars and his no.2 whispers he was supposed to have said £1 billion dollars lol

It’s not clear what he is referring to? The new zone or Footrot perhaps? Could do with clarification otherwise has he lit the blue fuse of speculation?!

Yes just look at ARCM now valued @£45m, some £11m more than Xtract. What is this premium based on? I don’t believe they even have a confirmed resource yet? (may be wrong)

We are racking up the evidence in favour of a growing valuation. The emerging prospects at Eureka are a bonus from my POV as I was here originally for Bushranger alone.

I suspect a morning Zak interview to follow as this is something of a new development…..

The news just gets better and better. Well done Colin and team. Now it looks like more resource could be added to eastern side of conceptual open pit, let’s see those first assay results!

f1988 - I agree, I made this point earlier. If there is a good reason why you would release an RNS at 15:32 on what was a bad market day, then why? Is it because he thought the market wouldn’t like it so ‘buried’ it? For me that was a good RNS that you would want to maximise exposure.

Generally acceptable grades with some excellent ones mixed in
Growing IOCG potential
Still further upside potential to the west

Come on Colin, why?

CB said in a recent interview that all he can do is keep on producing announcements that will make the current price/valuation look so ‘ridiculous’ the market cannot ignore it.

According to my investigations copper grades within IOCG’s typically range between 0.7 to 1.5g Cu.

The assay results released today (and previously) look pretty damn impressive in terms of both grade and intervals. I can only assume that the limp market response was caused by the news being announced towards of the end of what was a pretty shocking day generally on the market. Shame really that it couldn’t have been left til tomorrow morning. It deserved a 7am RNS.

Why aren’t we down yet it’s been mainly selling this morning? Unless there is an order quietly being filled or has been filled?

Clearly more steady accumulation going on here. The same pattern persists - early SP markdown to dampen demand - followed by slow steady recovery during the day. And finally kick the price down again at the end of trading day to set up for next day. Rinse and repeat. It’s the smartest way for a fund to quietly add to their stake without significantly affecting the price. It’s what Polygon have been doing.

wyn agreed and drop back again is most probable outcome. On the other hand growing volume levels and news anticipation - I don’t see any ‘leaks’ here - would render the RSI void. But we do have to have a weekly close above 175 imho to break resistance.

Having another go at that stubborn 175p resistance point.

Double the amount of posts to trades this morning!

dvharrison - why the ‘!’?

SP weak again today. I guess a few impatient and expecting news bale out. Buy on any weakness here has to be the message now. This company has some future ahead.