Member Info for NicetoMichu

The great news here is the extent the xtr.l African assets underpin this share price. If thing go to plan in Africa over the coming months I'm hoping that they alone will be worth 5p, and I, altogether, value then at very approx 2.5 p currently.

So I'd encourage all the derampers here to genuinely look to process the thought that xtr's Bushranger assets are extremely lowly valued already at this moment in time - perhaps less than £20m gbp for eg - and, for the prize of a few million quid lower, not bother focusing too hard on trying to further deramp the Bushranger assets here now.

and of course the sell price drops punchily to 15p as soon as i submit below post :-) .. Lanstead bang at their selling into any buying volume still so imho.. but they're slowly running out of bullets, no doubt.. and when they're done this can rally strongly readily imho
( I'll stick with 20p plus as my signal that Lanstead are done and a breakout rally is - hopefully - genuinely upon us )

Too early to tell if this small rally is the start of a s/p wake up here, no doubt .. but if this motors on past 20p then I'd say a break out is likely upon us.. and with the extraordinary fall this s/p has had in recent months and years, I'd hope for a meaningful breakout too..

(even if Lanstead don't report via Holding RNS when they're finished selling - as under 3% now.... but they might still do - they can't have too much left whatever now is my guess.. and they're the primary impediment here to a rally in my mind..)

IMHO and DYOR

I can understand why people are getting irked by Mls, but I believe he's long here as he says and is just very frustrated.

In the context of the progress being seemingly made here, the share price performance seems somewhere betwen bad and abject.. and so I feel, understandably, much frustration from plenty - me absolutely included - here, with different people having different ways of expressing it.

The sad Azerbaijan history here, and the fact it's an Africa business now and the CEO ' s style, together explain the lack of share price progress plenty here imho .. and, so far at least, there remains very little wider interest in London market participants of whatever shape or form buying this share.. as witnessed by the tiny volume of trading activity ongoingly here.. Frustrating indeed.. and very hopefully that changes soon... eg headline grabbing news required..

I didn't say they only saw the positive sportbilly.. I said they chose to only talk about the positives in their posts, as a rule :-)
Generally, there are lots of very able posters here imho... and if this BB stays as balanced as it has more recently then I rate it highly..

Fair enough and thanks Samval..

You're a quality poster imho..

Indeed there are plenty here who are that.. also there are smart / well researched guys who towards 'never talking down their investments/bets' as a rule, disregard, more or less, completely the negatives and talk about positives only..or put a positive spin on a negative when they can't ignore it any more .. etc..

eg no chance of a placement soon here..
or
a sale event is of course imminent here, as some very capable posters have been saying for plenty of the many years i've been here....
etc... :-)

I say: ...overall Gold grades so far being ok/decent more than good/very good

You say: Grades either high end of low grade or the bottom end of medium grade, depending how you'd like to look at it.

It seems to me that we are in agreement on this point too Samval?

punchy retraces are part of the journey when low liquidity stocks embark on a major breakout journey.. I'm happy to stay long and strong here whatever.. and hoping that this won't go lower than 12's p..if it does I'd add more at 11p ish for eg.. at plenty more again at lower again.. but hopefully this will turn back up soon, of course

I'm slightly less bullish here after that May 9th PEA / Strategic review RNS than I was before it (and I was only semi decently bullish here more than majorly so before this RNS)

The detail on the gold resource is being made more clear as we go here, as eg'd by latest definition on what's open pittable versus underground minable. And including the overall Gold grades so far being ok/decent more than good/very good - imho- I'm pretty staunchly of the minorly more than majorly bullish orientation, around this time at least, here.

To avoid a placing later in summer we need effectively all o/s Warrants be converted, and with no caveats from large holders eg this for Nikel drilling only etc...imho...and, altogether, I still think there's a decent chance of a placing to come here after July warrants conversion/expiry.

Also my guess has now firmed up somewhat that there were no meaningful sale negotiations in play here in first 4 months of this year... and my further guess is that there will be no company or assets sales here in Q2 or Q3 2022... and, also, that further meaningful drilling campaign(s) will occur here from second half of year

Generally, I'm comfortable that this bet is currently less than 5% of my overall AIM portfolio. And I live considerably more in hope than expectation of a very big - per cent - win on my bet here in the end. That said I think the share price is far too low at early 20's p and while I may well not be adding around these levels, neither am I interested in selling any in the low to mid 20's p ....

Much chance involved in this game, no doubt .. so here's to 75p area company sale in q4 2022 or sometime in 2023 !!

there was a long debate on the longest time that could possibly constitute 'imminent' over on the Xtr - Xtract - board a fair while back... and i'll bet you'd have absolutely loved to be neck deep in the debate Evan3020 !

Imminent turned out to be plenty of weeks there .. so, by such logic, near term could easily be many months to a few years imho :-)

from my limited knowledge here granted, I thought the interims were ok to decent.. but funding is clearly a thing and is well discussed here already today imho.... jam tomorrow one more time it is so.. and good shout for not averaging down earlier this week on this cagney.. I now feel I went too early in averaging down but we're all wise after the event.. and as my holding was small, even almost doubling down leaves me with total exposure here at still decently less than 10k gbp.. and an average I feel is good versus the field, at least.. but I'm going to watch/see for a bit here now.. at very least til next Lanstead next holding RNS....

Fair enough Cagney.. assuming/guessing Lanstead are going to sell out completely and waiting til a holdings RNS drops confirming they're out might a reasonable time for you to think about averaging down here.. you'd also have had the benefit of the interims including outlook to chew over then too..

PS; yesterday afternoon was very slow versus yesterday morning for volume.. so Lanstead not selling as much as I'd have hoped/liked yesterday is my assumption now.. so could be a while still before they're fully out .. here's hoping tomorrows interims bring trading volumes up to over 1m again !

Excellent news.. and made an interesting week for Vrs.l even more interesting.. roll on interim results on thursday and Managmenet presentation on Friday !

We've done 1m shares volume already today.. and hopefully do 2m plus over day .. IF lanstead want to clear out totally - they may not granted - volume days like today are very useful towards that happening quickly ! .. eg I'd guess buyers would happily/readily take a few hundred k shares from them today in the 17 to 19 p range ..

And IF interims come with a v positive outlook and Lanstead finish selling soon, I'm hoping for a strong rally here thru second half May ( the s/p fall has been epic over years now and I feel it's well over done.. so here's hoping we can get back to 30's - or 40's p even - later this month.. very please)

ECK and HOC are 100m and 500m ish Market Cap respectively and hence liquid Noel.. Flx is 5m MC and hence very illiquid. BIG difference !

I have listened to many expert charters, believed in some somewhat for a while, but the more I've focused on AIM and away from Main market... and especially around the bottom end MC of AIM, I've long since concluded that charting is of extremely limited use for illiquid/small cap..

eg Many 'broken' longtermer who can't get out in any size bacause of the large spread/no volume in play - without completly further obliterating the stock - that as soon as a relatively decent touch of liquidity occurs dump chunk(s) and kill/reverse that pattern quickly.. etc..

that there's good balance across the posting here today...

Plenty of very good posting here today .. in keeping with the plenty of very good posting here generally... all imho and all much appreciated.

Generally, I see the RNS radio silence here as neither good or bad.. just a head down time for a few months towards waiting for ongoing decent size Africa income to kick in, thus for eg allowing meaninful drilling /other relevant activity happen in Bushranger in H2 2022 without the need for a placement in H1 2022.... and if Africa income likely consistently good/progressive from June ish on, maybe/hopefully no placement ever for Bushranger further work...

(A one off sale of much/all the African inventory gold, while useful, is a smallish part of the funding solution... in my mind, its about more certainty re regular reliable good size income from Africa that can ongoingly fund pretty meaningful expendidture in Aus for a chunk of months to come)

Also, while CB may have some information sharing comversations with AA or whoever, I think it's still too early for meaningful sale negotiations to have started for Bushranger.. and that CB will be shown to have been plenty too bullish in sale occurrance timeframes for Bushranger

PS: Understanding Ascot resources decently better ahead of any potential sale event is fine by me.. as it could add - very even - significantly to the overall sale value of the Bushranger resouce

PPS: A Bushranger sale announcement now has as much a chance of happening in 2023 as 2022 in my mind, and q4 2022 is the earliest i'd see it happening.... but great if I'm wrong .. and, like everone else here it's all guessing.... and from my wide experience in the game, the vast majority guess wrongly on such things most - squared - of the time as a rule anyway.. eg Bulls dominate these Bulletin boards.. and have been proven over time across AIM to be way too optimistic every which ways as a rule..

I'll not be commenting on this RNS for at least this week fuelforthe future ( ref. my previous recent post )

''and bottom fishing usually loses money.''

Across all bets over time, I don't think it has for me.. so far ..and fortunately.. Perhaps different experience for you and/or others.. learning that the hard way even .....

Good weekend. to all...

Great stuff if a Bushranger sale event is on the near term horizon.. but there might also a chance that many bulls here are creating an echo chamber effect where the dreamy noise grows louder and louder from those many just telling each other what they all want to hear ...

Towards balance here not potentially going - further even - out the window :-) ... I offer that my instinct is firmly that the lack of news here for a relatively long time now is more likley indicating a sales event of Bushranger is drifting further out on the hoirizon, far more than being imminent.. but I'd love to be wrong on that.. and perhaps I should have used another word besides 'imminent' too :-)

Volume today just over 400k, I think, billyboy.. so a third less than yesterday.. I'd happily go with on higher volume days they'd, on average, get to sell more than lower volume days.. but I'd also now guess that 250k shares a day sale opportunity for Lanstead over recent weeks i offered in a yesterday post might well be an overly ambitious shout by me.. so they might have one odd per cent or even towards two per cent still to sell, in a worst case.. but a good RNS would bring some seruious buy volume days, hopefully.. and good size selling could be readily absorbed.. etc... so very please give us a good update next week VRS !!