Member Info for Dibs61

Maybe they’ve hit some particularly tasty mineralisation and CB can’t resist penning an intraday RNS?

Or maybe someone’s been loading up and wanting more than their fair share..

Thanks for posting Positivevibes. Very interesting. A very gushing interview with The Prof. A bit OTT tbh. It DOES sound very positive granted. And I AM tempted to consider re-entering. HOWEVER I suspect the cash position is now a little tight. I can see another fundraising coming fairly soon. I'll maybe wait until thats out the way.....

But other than that looks good.

Calm down bitcoin. You were challenged, that can happen if you make big claims. Which you have. FWIW my strategy works too. Very well. 3,000% PF return in past year. Capital Preservation very important - if I'm not sure I exit a stock and that has worked extremely well for me. I also leave feelings out of it too.

Didn't know you were here old chap? PM'ed you btw.. ;)

If I'm unsure about an investment I wouldn't be holding at all. Especially £100k's + worth! You can't just unload 7m shares at a stroke in this kind of stock. I concur with jolly I thought it strange that in one sentence you say its your biggest holding and in the next say you are not sure about it. Doesn't quite add up, at the very least I would be derisking. But hey each to their own.

‘We have an honest CEO who seems to be doing everything for the business.’

No you have a desperate CEO who seems to be doing everything to pump up the SP in the absence of any MEANINGFUL contracts.

As I’ve stated before there is a LOT already forward priced into the valuation here and, at the moment, that valuation is built on a foundation of sand. Until they actually deliver substantial contracts with values and volume this is a risky play at this level. Price to Sales ratio x 18 and valued as high as NCYT was when they already had big multi million contracts in!

And quite a sudden sharp mark up. Big order in?

I checked out the Screen4 website and quote the following:

‘Screen4 (Yorkshire) Ltd are proud to announce that we have partnered with diagnostic giant Omega Diagnostics to become an exclusive distributor of the new Home Use Antibody Test.’

Diagnostic GIANT? Lol sorry had to chuckle. I think that statement puts Screen4’s own market status in perspective....

Anyway back to the ‘contract’. No value provided. No volume provided. No wonder the market response is virtually zilch. People, the ELISA Lab Test is history. That ship has sailed. And bear in mind this is being offered for private use @ £52 do you seriously think there will be a mass take up? Pull the other one. This test is also a minimum one week turn around - snails pace compared to much bigger competitors.

No folks Antigen LFT’s are where it’s at and that’s why Col is desperately trying to reposition ODX for them because he knows the ABC Rapid Antibody Test is a dead duck.

Every time they drill a new hole it’s a ‘game changer’ in some way or another.

Expecting a Zak interview with CB tomorrow. It was a bit late to get one out today. We might get some more info as to drill position and thoughts on how it’s going.

One thing we do know is it’s getting bigger and bigger.

I think Colin was *ahem* wise to ‘delay the announcement of suspension of hole 4 until they had made positive progress with ‘ole 5. MM’s would’ve clobbered the SP and he knew it... ;)

But all is well again.

No not necessarily. Last week he issued one for BZT about this time of day and then an XTR one dropped after market closed same day.

Will history repeat itself? :D

I think everything changed after the first 'ole (drill plan wise)

Just shy of a week since we were told they were remobilising for drill 4. I’d expect an update later today or tomorrow to advise we’ve hit mineralisation.

First assays this week or latest early next week too imo. So a news rich period.

Market reaction is clear. It’s fair to say that we now want to see results. Personally I don’t want to see any more deals. There’s more than enough to be getting on with. Let’s do that now and start seeing tangible progress on at least some of the projects.

The speed and efficency of this drilling project is impressive. Seamlessly moving from 'ole to 'ole. Communication has been excellent.- we have been told at each step how information would be communicated. We are making great progress and CB seems very determined - no letting up in his ambition.

Agree with previous poster - we will get at least one drill 4 update - probably to confirm they have reached mineralisation and the depth - as they did with 'ole 3. I think first assay results - 'ole 1 - possible but if not next week then certainly week after. Then we can expect a flow of assay results forthcoming. Eureka not so sure about. I do wonder if managements, and certainly the markets, focus is now firmly on events at Bushranger.

Have we really got all these people desperate to part with their shares lol

Strange world

Yes just saw that! Constant order filling taking place here. Can’t think why? ;)

Well if we are to assume that CB is ultimately seeking a sale of the Bushranger licence I do not think that £300m is at all unrealistic given developments, indeed may be quite conservative. Anyway that would give a minimum SP 42p. That doesn’t include any of their other assets though.

If you want to make serious money here this must be a long term hold. By that, I mean 12-18 months. I am looking forward to it. It’s going to be an exciting journey with so many possibilities within the Bushranger licence let alone the rest of XTR’s assets. What a journey it’s going to be! Commodity bull market. Copper central to a greening and electrification of economies. Safe stable jurisdiction. Excellent local infrastructure. Surrounded by majors. Shall I go on..?

How much cash did they burn through with the protracted ultimately unsuccessful JV with AAZ? No one interested? More cash might be needed now to get this one over the line.

On the plus side iI doubt the Prof will balls this one up too. I can’t see how he’d get away with it twice. And I don’t have an issue with their new partners. But They could’ve been almost 3 months into a drill campaign by now. Seven months completely wasted.