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I love this analogy , it runs like crazy whenever it gets near 190p . I do not think it needs a miracle, it's just become a self fulfilling prophecy and people set their watches or indeed Limit Sells by the 190p mark. If I did not have so much hope in this and a FOMO, I would do the same.
Personally I am pleased the market has absorbed this 6% equity dump so easily and this bodes well for the company. I predict that this week we will once again be approaching that electrical fence that is 190p, maybe one day we shall leap over it.
We can now start looking forward to the 1/2 yearly results with maybe a promise of more buy-backs and a greater divident.
At risk of sounding negative, why is we get assay results from Africa in weeks but wait months for results from Australia? I am afraid more clarity is needed. I am pleased with this latest development though.
Never mind the de-ramping, the key issue is that drilling finished 3 months ago and compared to hole 1 the assay results are late, simple as that despite promises of 'soon' etc. I remain very happy with the recent price rises, the share purchase by Colin, the fund raising and the new survey work but there is still a lingering lack of confidence based on historic practices which is causing the drift. If we do not get assays, lets at least have a comment as to a timescale.
This keeps on bouncing of the 190p mark line a sheep against an electric fence ! It comes forward for a sniff, gets shocked, drops back and then sure as eggs are eggs it comes back for another sniff... bang zap.
Mr A, thank you and keep at it. You are a regular commentator on the board but that does not make you a Jack Bower, some of you will remember him.
I think today’s RNS was all about the subtle updates Geo work aside i.e the fact that hole 6 is still being drilled and he wants to sell to AA.
Mr A , I have been in and out of Barclays for the last 11 years. Recently I rode this on the way down since 2017 topping up on the lows but still holding. The dividend is important and I like many others had their expectations shattered when we lost a potential 6p in 2020. A good dividend will always make this bank attractive to the fund managers so let’s hope for 3p in August and some more buy-backs. You have more guts then me to trade this stock but it is more volatile then a lot of others blue chips. Nerves of steel required for that game.
This RNS was as if there were two Colin's, one who writes about Bushranger full of facts and projections and one who writes about Africa full of vulgarities and maybe's and some day soon's that we LTH are more used to.
At least drill 6 is still turning.
MR A/ Razzle
I am not concerned about the immediate affect on the price. The buybacks mean more dividend to go around in the summer. I am hoping for at least 3p this time.
Whilst we are all discussing the assay results, the drill still turns, albeit a bit slower then we thought.
On Monday 1st we were 140m deep. If it drills at a rate of 70m per day, we must be at least 800m deep and it is still turning. That is if we trust the BoD will be quick to release an update which recent history has shown they are. This must be good news still.
It's the size of the fifth elephant (Terry Pratchett fans only)
These short term fluctuations are very interesting but we need to take a slightly longer view on this. By the end of March we will know how holes 5 and 6 have gone and also the assay results. I would like to think we will have an update on the other projects in Africa as well. There is a lot to be hopeful about at the moment.
Folks, the important takeaway from today is that there has been no RNS from Aus. The drill is still turning.
Pops1980. I have been in XTR since 2017 and had to average down over the years to be now sitting on a nice profit over there. I have invested in BZT as whilst I do not think it will surge like XTR any time soon, it is undervalued for the potential resources it holds. I will see how this goes but I do not envisage averaging down here.
I also had a TR7 in 1984 but it was not as fast as my silver 911 Turbo - that is Scalextric for you.
If it’s any help, I am a long term XTR holder and I am now in ! To quote General Calrisian “Here goes nothing.”
I love all the talk of a large increase in share price this week. Personally I would be happy with a continued slow rise to 7.5 p
These promising updates from Aus are all well and good but what is happening with the Gold in the hills of Manica/Fairbride ? Come on Bod, any chance of an update for the long term holders. I am very happy that I now in profit but we could do with an update.
We were going to hit the end of the copper at some point, this is not a Jules Verne novel. We now need some updates on the African mines and plans for more drilling at Bushranger.