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Its not a personal attack, I'm just merely pointing out to anyone new, don't believe any poster, no matter how much they are respected.
I had a look at old steve, looks like he's using the same old phrases on his next shares.
I wonder if he really did make a loss, or he's a Fantastic trader.
He Is an ex professional poker player, so who knows.....
If it wasn't for Steve, I wonder if we would be sitting at 3p still?
Doesn't look like you'll get your 2p plus trade off the back of that RNS.
Let's hope the sale of BR and the next results might get us closer to 5p.
I'm jealous JDAU, I bet you made a nice profit off the 1p to 7p. Unlike the rest of the long term investors here. Most of the people here are like me, we all need our heads checking.
Wasn't gloating, I was relieved that finally after all the times I've ignored my gut, this time I went with it and was correct. And to sit in a room of over 30 people, thinking and believing the opposite, it's a hard decision to make.
It's exactly what Steve4077 did, trusted himself, not the BS on these boards.
You are out here today posting, when you rarely post, and you have proven me correct. You are posting to try incourage a positive board and get a lift in the SP from new shareholders. All for your 10-20% trading.
Thanks for proving my initial post. 👍
Agree with a lot of the posts!
My concern with talk of higher copper price is, you have to also consider the cost of capex, opex and inflation. Its all well and good saying that at $10,000 copper price, BR puts out great profit (Colins words at AGM) but at what price of extraction have the calculations been made.
Once we get to a sustained copper price of $10,000, that the majors accept as a base to evaluate a project....what will be the opex and capex, and said time!
$10,000 copper may not mean the project is sustainable at future capex and opex cost when $10k copper is considered the norm.
This is my main concern and until the official reports have been made public, we can not make an informed investment decision.
Andrew4444 Said I was a weak holder for selling, doesn't look like a weak decision. Actually after holding for so long it's quite a brave decision to sell. Looks like I was right. Could buy back in what I sold, think I'll wait.
Recession coming, copper inventory increasing, copper price tanking. Experts sailing a 3 million surplus in copper in 2024.
Looks like xtract chance was missed by many of us. Maybe it will come good in 2025. Hopefully us real xtract investors will be paid for the long suffering years!!
If you would like to see what is really happening, how about working out what share of the company colin bird amassed over the last 6 years and then correlate that to how my share of the company used to be around 1% and before I sold some after the agm it was closer to .5%.
Over the last 6 years of creating no value, colin has slowly gained more and more of this company.
And it's not just this company, all his companies are the same.
Bushranger will be sold on for good profit when colin has slowly gained as much of the company as possible and then he'll retire and take his pay day.