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Had a slight feeling a while ago we would see these prices. A little lower is possible. These prices are unwarranted and certainly not in line with company value. But a share price is only worth what someone is willing to pay for it.
This is when people need to keep calm and look for the best price for them to buy more or get out if that is their preferred option. The sp is now down nearly 50% on the highs of only a couple of months ago. Has anything changed that warrants a near 50% drop, certainly not in what we have going forward imo.
The drop in copper price is a big one, we need to keep an eye on that as recessions follow big drops in copper prices. That will be scaring some into selling. Plus CB has become quieter and quieter over the period which is not helping. You can't stop him talking about great news, but when comma drop off this leads to people getting jittery quickly. Good posters were bickering yesterday which is so unusual for this board. If you believe in xtr you are in the right places, if you have doubts you get an exit strategy like gixxer has. Good luck all posters
Not heard anything. What is happening
Roughly a third of our market cap in the next 12 months? If your correct Iceberg that means our share price should be around the 12p minimum now based on just these figures alone. Not even taking bushranger into account. £16M in the next 12 months means we are desperately under selling our credentials to the market.
I personally think a few of the sells this morning are actually buys which would explain the price rise and the lack of shares to buy.
Markeurasia still a decent buy.
Markeurasia! Are you talking about the 500k sell. I did think that has taken a while come thru and must be a buy and that explains the lack of shares available.
Rick! Markets aren't running as they should. So 3s are possible if negative news is released. No one knows what the next rns will be. There is no momentum to the share price. Definite signs of downwards manipulation across many shares. Xtr is not a 3p share though. The market cap should be 80m now as fair value imo.
I thought the interview was excellent. The little bits of doubt I have will always be there. They are always there with any share I'm invested in so nothing new. But it sounded extremely positive and helped settle most of the doubts for a while at least.
Iceberg! Last year you posted that you thought the sale of bushranger would be at a minimum of 10p. I remember CB being a little annoyed at that valuation. That was before the Ascot discovery. I was roughly thinking 20p at that time. Rising to 25p when Ascot was found. Footrot is really important to me now when looking at future valuation. What do you value Bushranger at in its present standing?
Thanks again to all posters on the board. Excellent knowledge
Thank you Iceberg for sharing this and other information in a manner that I can understand. Your work is appreciated.
Thank you to everyone who posts on this board. You all make it by far and away the most enjoyable of all the boards I follow. Also without doubt the most knowledgeable group of posters anywhere. It is very much appreciated.
Good luck John Swan. I hope your right. If it had have been you. I would not have had a problem with it. People should be trying to get their cost average down. I reached my target last week. No share is a 100% certainty. I have traded xtract, across the last 16 months. I have always held my main hand though. And traded with a certain amount when I thought it topped and bottomed. If you read my post from Wednesday when you bought I said this should be the bottom now news dependent. The bottom was always going to be at 3 on the big drop last year. You bought on Wednesday at an excellent time. I was waiting for the next news. If it was negative I would have bought again at 3.7p, and if possible 3.5p. Because I know It will double from there within a few months, so I would have sold half of what I bought at 7p and 7.4p. I believe in xtract but sometimes factors outside can cause a crash. So better to be safe than sorry. I think fair value for this share at this moment in time is somewhere between 6p and 7p. Possibly 8p at a push. People's doubts about CB stop this being a 10p share yet. I don't know enough about CB to understand there issues. But it definitely impacts the share price.
I think someone bought a lot of shares earlier this week then sold them today at a 10+% profit. About £5k profit. Then had a little dig at the company. It was a bird but not CB. Got to hand to him though a good profit for a couple of days work.
John S. A big over reaction to the last 2 rns's and the share price nose dived to a price just above the level it was at before the ascot discovery. How can ascot be worth nothing to the share price. The share price had to bounce from the 4.5p-4.6p region unless there had been some unfavourable news at that point. What would you say was fair value for the share?
A coded message you reckon?
Docit. Nope I did not. Gutted. That's life. I have the amount I set out to buy, but it was a great buying opportunity and I dithered and made the wrong decision.
Thanks Howezap.
Obviously that is if AA see it as profitable at 1.6mt
I am probably asking a really stupid question here. But has been itching my tiny brain for a while now. As it is a 80% buyout agreement which would give AA an interest of 1.6mt on the 2mt tonne found, which AA agreed to. And as CB has always said he is only interested in selling the whole licence. Is it not possible that AA would be interested as soon as 1.6mt is found anyway. As they must have seen 1.6mt as good business in the first place.
It is a great buying opportunity. I have my quota. But I could be convinced to buy more if I feel the price has gone from the ridiculously undervalued price of now to a level which makes it an absolute bargain