Member Info for Steve4077

Montyfino has been perfectly fine on here, whereas your history shows you attacking him on multiple boards. First impressions are not really on your side.

Yes, I agree. There are quite a few decent size delayed sells going through, which explains why the ask was dropping when most trades appeared to be buys. Given the latest 2 RNS, I can't see well-researched investors selling so it makes sense it is the prospect ore shares.

It is understandable that people would sell on a 4-bagger, especially if they have not been keeping up with the detail of the XTR drilling.

What about 5 gold grams (per ton)?

>> either the market and is ambivalent and remains unconvinced or the market doesn't understand or the market does understand but there's an embedded seller (options or warrants drag)...take yer pick

I think the market doesn't understand and some ProspectOre shares being sold. When the penny finally drops, this could move very quickly, but in the meantime conviction and patience are required.

They are obviously very excited about hole 22. I don't think they have mentioned 'intense' mineralisation before.

>> I merely want to understand why the SP for GGP, as a minor partner, can multiply some 30 times on drilling results where that of XTR remains stuck at a low level, despite some on here, possibly yourself included, stating the value of our project is many times that of GGP

Because XTR is a much more complex story to understand than GGP and most PI don't bother with research. That is why it will take time and perhaps an RNS with a words-of-one-syllable explanation for the share price to rise.

Also, I am not 'stating the value is greater', I am just laying out basic math and comparing size of deposit, market value of commodity and share of company, then relating to that to current market cap.

I am sorry if being called a de-ramper upsets you, but warning new investors to be careful about a copper company in case the price of copper increases too much is an obvious de-ramp, whether you intended it or not.

>> if POC becomes too high for industry to bear the innovators will look for CU alternatives.

Had to go back to this one. Its a great de-ramp when you warn people off investing in a commodity in case the price of that commodity goes up a lot :)

>> eventually perseverance paid off.

I kept refreshing for the last 15m but I couldn't get a live quote. I wanted 100k shares but tried as low as 25k without success. I am with II, so maybe it was an issue there. Two 128k trades at 5.6p appeared at 16:25 and 16:54 so I suspect I missed my chance, but I 'll try again in the morning.

>> if POC becomes too high for industry to bear the innovators will look for CU alternatives. So this investment does not come without risk to new entry investors.

I think you may be trying to hard to find a downside :)

At the current market cap, it would difficult to find a better risk-reward ratio than XTR.

>> Surely part of the reason for this is that the relatively low grades of copper mean that a much larger extraction area is required to recover 2mt and therefore profitability lower.

If you read the past RNS, you will find a model that demonstrates a viable mine at 0.15% without any of the phase 1 and phase 2 drilling. The model assumes all the copper we are currently finding was dead rock that would have to be removed anyway, so every drill is making the mine more profitable.

>> Hope it's not a leak on hole 25!

Volume was on the low side, so this wasn't a sell-off. Maybe some of the ProspectOre shares being sold, as they became eligible to trade a few days ago.

Apologies for double post - internet issues.

And guess which MM is holding the Ask at 5.3 but doesn't actually have any shares? Cantor - as usual.

Guess which MM is holding the Ask at 5.3 but doesn't have any shares :)

I can't even buy 25k shares at the moment. Just sold something else to take advantage and now I can't buy :)

We are down 5.6% at the moment with only 2.6m shares traded. To give some context, on every day the share price rose in the last six weeks, the volume was higher than today :)

As usual the MMs are taking it down on low volume.

New blog post from theiceberg. Very interesting reading.http://icebergshares.blogspot.com/2021/10/xtract-bushranger-copper-exploration.html?m=1

There have been 5 trades since they dropped to 5.7. Two at 5.68 for a total of 77k shares and three at 5.65p for about 110k total. The latter are probably sells. Cantor usually accompany dropping the ask with limited shares available to buy.

As I was typing, one of the other MMs just moved their Ask from 6.0p to 6.1p while Cantor is still holding at 5.7p, Very odd.

No idea. They seem to push the Ask down at every opportunity but I'm not sure why. Other MMs are sometimes at the top of the Ask but Cantor seems to be the only one that jumps to the top to set a new Ask below recent buys. That happens quite frequently.