Member Info for Lukeytukki

Difficult to say, having watched XTR for the last few months, the majority of share price movement comes from drilling expectations and assay rumours but selling on news. But that will be a constant until the SP arrives at what would be considered fair value for the actual company assets. I'm still holding out for 7p+, preferably 14p, but at this point I personally think i'm asking a lot.

Do we have a share price in mind for the potential, seemingly likely, AA buyout?

The Board of Xtract Resources Plc ("Xtract" or the "Company") provides an update on the impact of an exceptional rainfall event on drilling of hole BRDD-21-006 of the Phase One diamond drilling programme at the Racecourse Mineral Resource on the Bushranger copper-gold exploration project, located in the Lachlan Fold Belt ("LFB") of New South Wales, Australia.





The widely reported rainstorms currently being experienced in New South Wales have had some impact on the Company's drilling operations. The contractor was unable to drill over the weekend and Monday was particularly wet. However, we are happy to report that there has been no damage to the drilling equipment and we are optimistic that drilling will be able to recommence by the coming weekend.



At the time of suspension hole BRDD-21-006 had advanced to 297m depth having encountered veining with pyrite, pyrrhotite and traces of chalcopyrite over the last 10m, typical of the outer margin of the Racecourse porphyry system.

You aren't missing anything, that's one of the great mysteries of market markers and AIM in general.

I'm beginning to think that when the district is struck, we are well over £2 if we have some good finds.

Not sure why, but when thinking of all the assets, I sometimes pluck 7p out of nowhere seemingly.

We know it was commercially viable, shouldn't this be good enough to work some base assumptions as there are probably cut off grades to consider in this?

if there was a consolidation, which nothing anywhere I have read has suggested their will be (Including Univista - which is the official LSE Corporate Action notification service) then what you do doesn't matter. You won't make money on an uplift as the share price will have changed to reflect the fewer shares in circulation, you will buy fewer shares at the higher price that results from the consolidation. As this is an AIM Stock, our listing requirements are more loose than a FTSE100 company, hence we may never have one.

As per my maths below, if you sell before, you will get back money equal to share price x number of shares - fees.
If you buy after you will be purchasing on the basis of .. amount to invest (proceeds of prior sale) divided by new share price minus fees. Your broker will be happy, but you won't see any difference or make any money.

A share consolidation results in fewer shares held by investors, but a higher share price to compensate. I think one of the main uses of reverse stock splits or consolidations is primarily listing requirements as a company has to keep a share price above certain level to be on certain exchanges (definitely the case with American Stocks).
As an example of the above, If you had 14,000,000 shares at 0.2p, a 1 for 10 consolidation would result in 1,400,000 at 2p. The overall market value hasn't changed apart from, as Vauch said, anything that isn't devisable by the consolidation ratio at the time, but even then there is fractional pay for remainders if it is worth it.

If I have the wrong context here, let me know.

According to the share talk interview, we should be expecting assays next week, How does that fit with everyone>

Anyone else struggling to buy more than £2k worth of shares?

Tbf, it was only an EGM for change of settlement system, not labs. I don't understanding why it is rising at the minute.. but happy it is.

What are we considering good or even acceptable results here?

I feel I can impart some wisdom here.

If you hold your shares in a Nominee company, the nominee company is legally obliged to contact you if there is something that will materially change your holding, a rights issue, stock split and so on as examples. This will be in the terms of business when you sign up with a broker. The fact that we are looking to change listing from the UK is a material change to your holding that you should be notified about.

Have a look at the trading tab across the top of the LSE, there's quite a few brokers to look at.

Using HL and I've tried from the bare minimum shares up to over 12mil shares and I can't get a quote for anything.

So not so much a multibagger as a double bagger from where we are then Sanboy?

Sounds good to me MrP

How much further on from the 1.8 retest and Zaks 2.5 do you think this has MrP?

Sounds like there is scope for arbitrage here... pretty sure that can't be right!