Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
That RNS was basically a courtesy announcement saying we’ve drilled through most of the flak on the way to the main target and are finding weak to moderate mineralisation strengthening as we get closer to the bit we’re interested in (which is to be expected).
..and this causes people to panic sell?!
How PI’s don’t understand what’s about to happen here bemuses me, it’s written in the news release!!
https://xtractresources.com/photo-gallery/
There's a few new photos up for anyone that's interested.
Willem Middelkoop @ 1:31:55
https://www.youtube.com/watch?app=desktop&v=J7wUIq1Twe4
Sure sounds like XTR to me....
...“ If a "Decision to Mine" is taken by ProspectOre prior to the identification of 2 million tons of contained Cu equivalent, Anglo also have an opportunity to exercise the buy-back. Anglo have a once-only opportunity to exercise the 80% buy-back whether the opportunity comes through the discovery of 2 million tons of contained Cu equivalent or a decision to mine.”
Ref: https://www.lse.co.uk/rns/XTR/bushranger-copper-gold-project-australia-o7u71uhdwbdy9b9.html
Joeman1 - after reading my post back I realise it comes across as bragging, for the record that's absolutely not my intention, just want to shut up the idiots who think their comments trying to make out like LTH's are suffering in order to knock sentiment will land unchallenged.
Since we're sharing: After the recent escapades my average works out to be approx 1.59p and I own just shy of 1% of the company. Funny to see the other big LTH's here that I've been in contact with over the years in a similar position to myself whilst you're trying to sell the "poor them" rhetoric.
Don't worry about getting your tiny violin out for this LTH.
Give. Up.
Ok, so having said your piece it begs the question why you're (still) here posting continuous negative rhetoric?
You don't want to invest here, we get it.
Seems like a waste of time to be repetitively posting on a company's bb (you're supposedly not interested in) when you're clearly such a prolific trader.
Anyone would think you had an ulterior motive..
Agreed Jezzoo, I'm pretty sure a rapid expansion/prove up of the asset for a relatively near term sale was always the plan.
CB has made his intentions clear across multiple interviews over the past few months since acquisition.
However, I do LW's point on board, prove up as much as we can before announcing we've hit the buy back clause in order to maximise returns.
Realism79 - I'm right here and perfectly capable of accepting I got it wrong, not sure that makes me an idiot.
I felt like there was no need, clearly CB did not agree, he's the one running the company and I back his decisions with my hard earned. As I said this morning, I'll take it on the chin.
Here's hoping your decision to trade this doesn't equate to you posting absolute trash every 5 mins in order to get a cheaper buy in as per some of the less savoury characters we get round here.
Good luck with your trading H-hi.
n.b after a re-read of the RNS realised I'd missed this:
"The placing funds will also assist in fast-tracking the Eureka project in Zambia and drilling is expected to commence there within the coming weeks. Addison Mining Services has provided a provisional open pit profile for the Eureka Project and the shape grade extraction plan will be finally determined by the drilling."
LittleWing, I agree, it's weird feeling almost calmed by a placing, right?
I'm a little peeved that it wasn't a slightly higher price, or that Manica couldn't cross the line in time to avoid doing one at all but all in all I can accept that this is the situation we find ourselves in. Importantly, I can see the positives: no further funding risk, enough cash to accelerate all of our operations, on the brink of several income streams to support the cashflow and a drill that could potentially (potentially being the operative word) be huge.
Also, to be honest, bushranger isn't what I ever invested here for in the first place, so whilst I'm incredibly grateful we're in the position as a result of CB's shrewdness throughout 2020, I'm keen to see Manica start putting out the results I've been waiting years for.
As a result of todays shenanigans my holding is at an all time high, my confidence (from these levels) is too.