Member Info for Echo1

Yes the move away from 5p has been a nice steady.
If the chartists are correct breaching 6.25 will make the move to 7p very smooth
CBX do appear to be targeting a pre xmas launch

Precisely what I was thinking Leem.
Why we're not sitting well above 3p based on that news beggars belief I think
MM's seem hell bent on keeping the price in the current range regardless of developement

Thorny

I’ve not said it in a while but a takeover is my ideal end game.
I think Teeling and JC have made a very canny move today. Id like to think that JC in particular has investor interests at heart.
And by securing thorny river they’ve ensured a cheeky offer by a big company won’t happen

As far as I’m concerned - bring on the takeover lol

Yes I agree with amran
Getting the share price back to double figures is what I’d like :-)
Think this market is going to be huge but can’t say I’ll be a user
GLA

The descent from double into single digits has been rather painful. I followed this closely on the opening day and bought in at 12p assuming there'd be a rebound back towards 20p - but we live and learn

CBX was hyped massively on twitter with loads of people getting sucked in well above 20p. However I now think its becoming oversold. If I'd have got in at the IPO price of 5p I'd have sold opening day without doubt - i think the price peaked at 30p??

Combine that with the fact that there's been no reason to buy lately and the slide down to 5.5p isn't surprising. If the descent continues it'll be entering pump and dump territory i think

Happy to hear thoughts and GLA

900k share buy not to be sniffed at :-))

Yes he’s very keen to point that out whenever he can. 40% in sticky hands (even if it is friends and family) doesn’t apply to many AIM plays

With the resource seemingly getting bigger and bigger the company is facing some important choices :-)
A very nice position to be in I’d say.
And as usual the MM’s are taking the pi55!

I've been trying to figure where about the company is with regards the move from exploration to mining

Found this which gives the a good indication of the life cycle of a mineral deposit. Happy to hear thoughts

https://www.visualcapitalist.com/visualizing-the-life-cycle-of-a-mineral-discovery/

Wise words thorny

I think you make an excellent point Pecten.

My focus has always been on TR, and although they are necessary, I am tiring of the placings and therefore dilution which occurs routinely. I'm tempted to sell if we get a big spike in the coming weeks tbh
Holding for another 2-3 years doesn't appeal - so I think the point you're making is very valid

The bid has been moved to 1.1
Come on MM's stop prolonging the inevitable!!

Very hopeful we’ll make rapid progress up to 2-3p if thorny river is the beast we hope it is. Don’t think I’ve got the minerals to hold beyond 3

ADW - yes my apologies. It was a poor contradiction from me.

I think the price is a bargain given how good the resource is. But I was working on the assumption that we'd get a re-rate in the next 6 months. I wasn't planning on hanging around the next 2 years.
So I can understand people selling today.

Sammy - you have my sympathy, I know a few that bought when the price was in double figures. Although Tony is doing his best he has unfortunately made some decisions which have hurt investors here. I wish the very best of luck

Sammy - very good post.
I agree a significant re-rate in the run up to production isn't unusual
But waiting 24-26 months wasn't in my agenda. If I wasn't sitting on a loss I'd be tempted to sell and buy back in. My B/e is 3.4p.
I think its great they've got 2 serious parties involved (strategic investors). The CRUX interview did well to try and tease it out of Tony.
I was hoping we'd see a big re-rate in the run up to Christmas. But could another fundraise be on the cards?
Cash flow is an issue I think .

Didn't expect a 6% drop
I'm assuming its based on the interview that I'm currently watching.
Tony never interviews particularly well I think but he's getting an easier ride from Crux this time
2.5p is a bargain price IMO. Wish I could average down from 3.3p

Bargain price 2.6
Only wish I had the spare to average down from 3.3
GLA

Thorny,

yes i agree, subtle movement of the rig if you look at the twitter pics.
But once again James is sticking nicely to timetable and drilling should be done come the end of the week
Then hopefully a few more weeks and we'll have some nice juicy analysis result to pick over

GLA and stay strong

Not sure tbh
I was hoping that ARS would give me a happy Christmas :-)
So I had 3 months ish in mind for the things to become clear

Lots of positives I’d say. The resource is starting to look even better than before.
Just some patience needed here.
Looking forward to the release of the crux interview.
They gave Tony a massive grilling last time, let’s see what Tony has to say now :-)