Member Info for orangecannon

Nice posts and some nice reading for a Sunday
Now the share price has just dipped under my average, I almost feel obliged to buy some more......

Having just read the accounts, he earns a salary of £80k.

Tk
They have a sh*t hot exploration team. Got to keep them busy.
I would not be surprised if another drill rig turns up to keep the data rolling in for analysis etc

Steve speaks sense
I first bought XTR back on sept, at 3.80.
My current average is now 4.88, as I've bought more and more, (it's my 3rd largest holding), so I am now in a loss.
My research suggests this will be worth X times the current value. I just need patience.
Any temporary drops in the share price will be just temporary, so I will ignore them.

Obviously it's nicer if the SP is climbing all the time, but it should get there in time.

That probably does not mean too much.
NDAs probably get signed when companies are talking about talking.

Having wasted more hours than I should have, I think the ruffles80 twitter account is just peddling pro ARCM *******s.
I've obviously no idea who they are but they are obviously pro ARCM - "Sources in rio / bhp, NDAs etc etc"

I'm not invested in ARCM, I just wondered over here as Fulmar was posting accusations in XTR/JLP, where I am a shareholder.
I've had 'fun' reading the car crash of the last 5 pages of posts here.

I've found Ella to be knowledgeable, critical, fair and informative elsewhere that I have seen their posts.

I can't see any link b/w CB and ella in the ARCM post history, beyond speculation with no cause I can see, but I lost the will to live by page 3.

Please excuse my ignorance, but can you let me know why you think CB would be trying to lower the ARCM shareprice?
ie what is the long game?

Really good interview again reaffirming that Kav are explorers, not miners.
They will JV or sell any discoveries they make, hopefully once they have a full understanding of the extent of what they are selling :-)
Good stuff

It would depend on the grade

Whats your longterm view of the company?
- Does it have a resource thats is worth millions?
- Can the current management deliver that result?
If so , the current share price is irrelevant. Just delete it from from your monitoring software, and check back in a year. Checking every day will mean you will sell as there are more poor days at -1% than great days, (at +5%)

If you no longer think the company/resource/management has legs, time to sell. At least you have not lost money.

If you believe, maybe buy more to average down?

I agree with a couple of view points here
I'm full of XTR - happy to wait for it to develop, but really dont want to invest any more as I have enough invested in small / prospective miners.
Therefore the SP pootling around 5p is irrelevant, until it finally lifts and hits +20p!
It just makes my portfolio analysis / change / TR% look poor until if finally moves.

Well, I've bought a load more

Anyone know why the share price bounced this afternoon?

Bugger.
Everytime the SP slips I buy another £5k.
This is becoming a habit.
I have some cash waiting for some other shares to slip, but this one keeps tempting me everytime I remind myself of the fundamentals

I meant 2.5% of my portfolio, not 2.5% of the company!

18 more days of drilling, (done 60m in 2 days, target is 600m).
Its time to zip up the man suite.
Drilling results could be gold, (ok, NI, CU, PGM) or could crash the SP.
I'm in 2.5%, as I don't want to lose any more, bit I'm tempted with the falling SP on Friday to add more.

The company has a new product, it's in demand

We don't know production costs, sales, revenues.
It's very hard to value a share in this until we know more. This information will eventually come out, but if it's good news, (high, growing sales, low production costs) the share price will already have gone up on each future RNS before you can buy more.
If it's bad news, (loss on every unit sold) the share price will tank before you can sell.

We are in a holding pattern until we find out more.

Hopefully, sales/demand will be strong, allowing reduced costs on future manufacturing, and profits will grow. The SP will follow the success of the business. Simples....

Can someone with more knowledge than me tell me why it's important to be on the western side of a craton.
keithOz mentioned it above re Chalice, And I've read about Kav /ksz being in the same relative location as Norilisk.
Why is being on the west important?

I don't think COP26 will blow over.
Renewables will continue their expansion.
IEA report about cutting funding for future drilling will be acted upon....
western leaders are commiting themselves to a green future...
EVs will grow etc etc

But...

We run on oil and gas, and some countries still massively on coal.
It's gonna take a long long time to move off it.
nuclear is the only alternative.
oil supply is going to fall a lot faster than demand.
I think oil shares companies are going to make a lot of money over the next 10 years
Oil stocks will become a bit like tobacco stocks.

Have a read of http://info.gorozen.com/2021-q2-market-commentary-iea-ushers-in-coming-oil-crisis, or some other report / podcasts they have done.

I sold my oil shares back in 2020, but I'm back in now with a range of companies, DEC included

I started picking up xtract shares from Sept, (came in vie CB link from jlp).
However, I went (relatively) big following the share holder day. I did not go but saw the streamed coverage, (from telegram) and started adding a lot in the recent slide. Colin convinced me this will hit at least 20p so a 300-400% rise if / when we get a sale.
Even if the rocket is more of a gentle rise, I am happy as the fundamentals look good