Member Info for NicetoMichu

good post trustlie

Lets not get trading again until a few things are sorted out plenty more than they currently seem to/might be..

(March or April my - wild - guess on when this comes out of suspension.. and around then is fine by me..)

fair play CB.. and while every little rise helps, in my mind this should not have gone under 2.5p in the first place, so until it gets back to 2.5p the s/p remains joke low versus the assets, even in very bad play out scenarios....

(in average to decent play out scenarios this s/p should be much higher than 2.5p.... and in good to very good play out scenaios this s/p is a total and utter farce)

IMHO & DYOR

Including the POG rallying and a very decent chance that the prospective lithium land sale will complete soonish - imho - I think todays fall was decently over done..and to put my money where my mouth is, I did a second top up here this arbo...

I 'd understand this falling to 15p ish today granted..but 13 p ish feels decently overdone to me.. .. but I also conclude that the prospectve Lithium land sale is important in the markets eyes .. and that the market feels that deal might well have been expected to have completed by now.. (and if / when it does complete I'd hope for a reasonable rally from anything near such a lowly s/p as 13 ish p )

IMHO &DYOR

to realsie a few k profit here towards making up for a few k loss recently realised from selling some of my nanoco at a loss .. mostly.. Mickey.. and much chance involved in this game generally imho..

my selling from early 2's on up by small increment as this has risen not looking so good.. ouch.. can I have a do over on the 60% of my - modest - holding I've sold, please !
( my average is low at least ...at 1.50 p ish.. so maybe I'll add a few back soon )

now that you're logged on Steve - Austin - you might as well buy a miliion or two.. pocket money to a man in your position .. and you'd be helping the process of adding back the 6 million dollars of MC here, that I think should not have been lost in the first instance

but when Catbert says funding in place for 23 already... instead, I'm thinking nmore along the lines of Brakkens post that the lithium land sale is important to allow as significant a drilling campaign as possible to get to 2 m oz as soon as possible ( as opposed to a considerably smaller drillinmg campaign that might be affordable withourt raising if that Lithium land sale does not complete )

fine post Brakken btw ...and good post too Catbert btw.. much appreciated

And there was me talking about 2m T.. oops... (2m Oz of gold, by comparison, should be a walk in the park :-))

(apols.. I have xtr.l copper more on my mind than this at the moment..I'm bullish on green economy metals for 2023.. copper being my favourite.. hopefully POG gets pulled up with a general metals rally too, of course)

Nice to see we're thinking the same way re this RNS, AM90.

As long as funding is taken care of for a good run at getting to 2mT here then no worries in my mind.. just patience for another year.. and a year more on a scheme of things is not a lot for me.

While they're already in a decent funding positiion now, that Lithium land sale would put them in a very strong position for a fully funded significant drilling campaign in 2023, towards hopefully getting them to around the magic 2mT.

And my guess is that land sale will complete in the coming few months.

Very surprised by the extent of the fall first thing this morning here.

Most everything in this RNS was already known long beforehand? Granted I'd understand some disappointment -and selling - that the lithium prospective land that we are expecting to sell has not seen that sale completion yet.. but that may easily still happen soon enough :

''Landore will continue its discussions with several parties regarding Landore's Junior Lake Northern area, which contains known lithium prospects. These discussions are progressing well; however, there can be no guarantee that it will be possible to conclude a transaction regarding these assets.''

PS: I topped up a little this morning as I think this fall is somewhat overdone

...and good luck to all fellow holders..

(I picked Harvest Minerals (HMI) from Doc Holiday's sundry tips of last year and did well with it... and so owe him another punt this year .. and ended up picking this from his sundry tips of this year .. and am now on board with a smallish bet to begin with.. but hope to incrementally add more as we go.. I've done little research on this in truth, as it's just one of those situations where I mostly go with the tipsters view and hope for the best ..)

i broadly agree with that Andrew.. but would also add that there has been a wall of selling here in the last 9 months.. - 7 p ish to 1.75 p ish speaks for itself - and in that window MM's may ongoingly have had a bit more stock on their books for a bit longer than they'd have liked and so have again and again forced the s/p down - or sometimes widened the spread to give them more margin to compensate etc - just to dump it..

(MM's can, in the round, lose money too as they're technically at risk.. for as short a time as they possibly can be granted.. but sometimes that's longer than they'd like ..and they'll dump some at a loss somertimes too.. obviously they make profits from the spread generally to counteract this too.. and recripocally to losing a bit in the crash here , may have made a bit in the rise that preceeded it.. etc.. but an MM(s) could have, altogether, recorded a loss for the year on their books from providing Market Making services in xtr in 2022 for eg )

IMHO nad happy to stand corrected

ps Conspiracy theories around MM's are significantly over egged generally imho..

(MM's have obligations to continue to make a market even when share prices are ongoingly falling off a cliff.. eg AIM generally in 2022.. and have to find the other side of the trade in the market to come off that risk , so it can be brutal sometimes for them too... and sure they'll smash the price down in certain situations..for eg just to find buyers somewhere asap, against a wall of selling)

Happy to stand corrected on any of my understandings/perspectives here:

I believe shorting for such very small market caps is very rare indeed Howzap; The stock would have to be sourced from a stock borrow lending desk to allow shorting.... and that would require an II/Hedge fund who is long xtr to allow their Custodian/Prime Broker to offer the stock for lending towards shorting.. and then too, an II or Hedge Fund to want to take up this offer and short.. and for such a 'tiddler' market cap nobody is generally interested in participating on either side of that equation

Also if there was any sort of remotely meaningful shorts on here, it would be recorded by market short tracking services and someone who subscribes for access to such would comment on that here

PS; what's marked as a buy or sell on the xtr share tade tracker icon above for eg is a bit of a joke.. its a system generated guess on whether price might be a buy or a sell around a moving bid /offer spread, and is notoriously inaccurate

Amazing that as POC ticks on up xtr ticks on down.. and that tick on down from an already extraodinarily low MC, imho

Sub 15 m gbp market cap for all xtrs assets is incredible to me... not least with decent and strongly growing African Assets revenue here thru 2023 and well beyond.

To me, this s/p decimation feels more and more about CB's credibility than the assets here, alas

(If not about that, another way I could explain it is that the market perceives Bushranger to be worth zero currently, and on top of that another say 2m ish gbp of this years revenue will be spent on drilling at it in 2023 and it will be worth zero after that too.... For the record I would strongly disagree with the market on any such view, and my very bad case scenario on Bushranger is a sell on for 10m gbp plus to a small /mid cap explorer)

My guess is they're watching early year order volumes extremely closely towards fine tuning their target forecasts for this year.... and every day they let go before issuing this - very important - RNS gives them a little bit better a feel .. therefore if they were to hold off RNS'ing til next week for eg, then understandable and fine in my mind....

Also gives them more time to write a very clearly worded / unambiguous / key information rich RNS, something which they've previously left plenty of room for improvement on, in truth

More potentially very good news today....maybe leaning towards the probable more than the potential too, perhaps..

Fair play to AC and good luck with closing on this one too !

I think I used shocking to describe how I felt about the lack of s/p progress immediately after the Yemen announcement..

After todays announcement on top, that this share price is .85 p as I type this is actually more frightening than shocking to be.

Here's hoping though..

Agree with that Andrew...

(And such a potential news vacuum, I had expected, would naturally have been filled with some publicity / bullishness on Fairbride 'ard from CB... but yesterday's RNS - annoyingly - told me that does indeed seems unlikely now..

Re Fairbride, it said in yesterdays RNS: ''The Company remains very confident for a positive 2023 as the operation matures and stabilises.''

Well go out and publicise it in this quiet news period then, you D+ck(y) Bird ?!

Although, going by his 'up front marketing' track record, CB not bigging this up ahead of time might actually mean it's going to be a nailed on roaring success, in fairness)

After those of us who feel like a good moan here - and we deserve it, frankly - have had their airing, then looking forward constructively from here is the best answer.

And Lucky has below given some thoughts on what might be done to help make sentiment better here, which is usefully constructive.

And my starter in that sense was aired yesterday.. but again : I believe a fundmaental issue is that CB is massively over stretched across all his interests and so - as soon as budgets readily permit - needs appoint management level resource (s) to help him, as he sees generally fit.

And as I've had my moan yesterday - I've waited a long time for Fairbride 'ard and it will make a very big difference to xtr from this year forward and the lack of publicity he continues to give this even now annoys me as much as anything Bushranger related has so far, which btw I actually think _ Bushranger - versus up front investment and additional spend so far is progressing decently and will work out well in the end if POC appreciates semi decently from here and he has an in line with Bushranger overall drilling so far decent drill campaign at Ascot in half 2 2023 on top.

(Which reminds me .. and allowing myself one last moan before I stop moaning, for a while at least: CB was way too bullish on his view on PoC for 22.... but applying Andrew's logic that adding six months - minimum - to CB's offered timelines gets you to a far more pleasing outcome.. I'm hoping for a strong POC year this year, especially from q2 onward)