Member Info for Dibs61

Correction MC currently £155m but still VERY high for such small revenue and with so much market anticipation priced in.

It's going to have to be very big folks.

What a shockingly ill advised and classless retweet by a company that wants to be taken seriously by investors? Using photos taken by a snooping PI as a means to promote themselves.

OMG how low you can stoop. This company has gone from one extreme to another. This time last year they were renowned for their cautious conservation careful approach in their announcements. TOO cautious tbf. Now, they are self ramping self hyping extreme self promotion.

I’ve said it before there is already a LOT priced in here. Look at the market valuation £180m on what sales?! Be VERY careful. If the order or orders - when it FINALLY drops - doesn’t come up to scratch in the markets eyes - and it’s going to have to be very big - don’t start bleating and crying on here when the SP DROPS rather than rises on that news.

Why would somebody convert 4.5 million warrants to shares exerciseable @ 1.5p if this company was finished? ;) think about it. For starters that’s a premium to the prevailing market price so far today ...

It’s only over if you need the money, now, or in the next six months. If not I would hold. That’s what I’m going to do. Certainly not going to be mugged off by the mms in first 30 mins thank you! It’s not worked out according to my plan that’s for sure but I guess it’s Plan B now and hope that in six months they can come up with something that’s worth investing in.

The point in the false drops is to enforce a negative sentiment and instil doubt so the plebs sell! It’s pretty obvious this valuation is becoming faintly ridiculous but it gives others another chance for an entry point who missed out before.

In short they want your shares. Nice and cheap.

I’m fully loaded here so can’t add any more just now. But if you’re on the sidelines watching waiting thinking about it just remember the SP is now almost artificially low in comparison to the likely eventual kind of valuation we are going to get - estimate 3-6 months horizon. So I wouldn’t hang about too long as I am confident this won’t stay sub 6p for very long. The rainstorm situation is a classic buying opportunity for those with the balls to grab it. Just a very temporary issue which doesn’t warrant such a daft drop in price.

I appreciate posts which challenge predominant investment positions by posters on a BB. Ones which have sensible reasoning. But when it is all about simply comparing (or TRYING to compare) XTR with another stock, which is not comparable, and saying that x stock is better it becomes pointless reading it and just clogs up the board unnecessarily.

panda exactly. Anyone with half a brain buys in these situations not sell. Do they think the rain will wash the porphyry away?

HOLD.

So I get it now. We go down on good news (last Friday) and we go down on bad news.

This is a sick market indeed.

So now we have it confirmed the reason for the SP fall back last day or two. I had a feeling it was the rainstorms.

This is very much a temporary setback and therefore an opportunity

Good luck to them with their 1% requirements! Sounds a tad unrealistic to me :)

Here’s something to look ahead to and get excited about if your investment has a world class copper deposit in the making...

http://energyandgold.com/2021/02/19/5-ways-to-play-the-copper-bull-market/?gclid=EAIaIQobChMI4Jz-yeDD7wIVtQ8GAB0GfgQbEAEYASAAEgICt_D_BwE

It is indeed bargain basement territory now. Fully loaded sadly but IMO this is a complete no brainer at this price.

I’m sure there are some bigger players in the market who would like us retail investors to get out now. And this ‘odd’ inexplicable SP action all helps doesn’t it. Sow seeds of doubt despite all the compelling fundamentals. I think we will see a SP rerating to the upside here but it will not happen in our timeframe but Mr Markets. The bigger players can buy when they choose to buy because most retail investors have already taken their positions. We are not getting any fresh retail interest - for now - so lack of volume = default reaction walk the price down seen it all before....

Is it possible this is being affected by the floods in NSW? And that is causing this strange SP reaction? CB did say any ‘material changes’ would be advised to market though, and a delay or deferment of drilling due to adverse conditions would be a material change (albeit only temporary one would imagine)

O&W absolutely no short term requirement for funding. They raised £5m just two months ago. No way they have burnt through that yet. There will be better opportunities for further financing down the line with a higher SP, and possibly no need at all as we will have a Major partner by then ...

Great work Iceberg, very interesting and informative as ever. I feel I am learning from you. :)

Yep looking good. A few larger delayed buys too. Maybe my luck is changing here....

In his interview CB def seemed very excited about the forthcoming Hole 2 Assays. Along the lines of expecting some higher grade intercepts and extending the potential dimensions of the deposit with the additional data obtained.

Pleased that he was less specifc with his Hole 2 Assay comments 'expected shortly' 'not far off' - OK I would interpret that as around two or so weeks.

You wouldn't want to be out for 'Ole 2 Assays.

FTF - wait until ALL our drill assays are in until you jump to hasty judgments. Dear me you have a big issue with this don't you. Stop wasting your time and energy on something you're not interested in its not good for your mental health. The negativity just comes across as increasingly desperate.