Member Info for Steve4077

It was NT to buy at 8.05, then I left and just came back and it is still NT to buy (interactive investor). Has it been like that the whole time?

> > When a warrant is exercised, the company issues new shares, increasing the total number of shares outstanding, which has a dilutive effect.

The warrants comprise 0.7% of the shares in issue, so the dilutive effect on the 2.335p share price is 0.016p.

The FatherTedFeck story is actually a little sad. He posted on here weeks ago saying he sold out after the XRF results. Now, he seems to be becoming more and more desperate to justify that decision. The Chilean fairy stories he keeps producing are an effort to demonstrate that XTR is nothing special and there are many other similar opportunities. He isn't going to accept any evidence against that narrative because that would mean he made a mistake and, in FatherTedFeck's world, he doesn't make mistakes. It's called cognitive dissonance.

https://en.wikipedia.org/wiki/Cognitive_dissonance

He can't buy in again, because that would require acceptance of a mistake, and he can't move on because he needs to prove to himself that he made the right decision. I'm afraid he is here to stay for the foreseeable future, so I suggest filter and ignore because rational discussion won't change anything.

BTW porvenireal and FatherTedFeck are the same person. FTF accidentally replied as porvenireal a few days ago.

>> Don't be too upset...It is all good.

The longer we go without a delay RNS, the better. If there was any significant delay to previously announced timescales then we should have heard about it by now. The most reasonable explanation for no RNS is that we are so close to completion that a delay RNS is not required, or we already completed and its taking some time to put together what is likely to be a complex RNS due to multiple companies' lawyers involved.

Closed 7.86% up without RNS. I think I would have settled for that at start of play. Also demonstrated appetite to go higher today, even before confirmation.

In the last hour there have been 10 buy trades and 0 sells, yet the ask is slowly drifting down :)

I just tried a dummy sell for 100k shares and the bid is slightly above the ask (by 0.01). Weird activity, but very low volume again.

According to Rambler's own October 2020 presentation, the average gold content for the measured and indicated resource is 0.34 g/t. The average gold grade assumed in the long-term business plan is 0.25 g/t.

That is perfectly fine as an add-on to the copper, but it could be zero and I would still be invested here. This is a highly leveraged copper play and the gold is just a nice-to-have.

>> The World Gold Council defines a high-quality underground mine as having a gold ore density between 8 and 10 g/t, while a low-quality underground mine has a gold ore density of 1 to 4 g/t.7 Feb 2020... we are in low density

Its a good thing this is a copper mine then :)

Based on current prices, the gold content is about 11% of the value of the measured and indicated resource.

>> Volume is tiny today

Quick follow-up. Final volume today was the lowest since Xmas, so a 3.8% drop seems a little overdone :)

Volume is tiny today so MMs are probably gathering shares for the next leg up. Certainly not enough real selling pressure to take it down.

>> Only Harry Enfield can be delay announcing his delay RNS

That was actually funny :) Higher standard of de-ramping this morning.

Please share your calculations by which you reached this conclusion, including drilling cost per metre and company overheads, taking into account the $5m placing in January. I am sure everyone would be interested to see them.

Its been NT to buy at 7p for at least an hour, which is unusual. A few trades going through but nothing of significance apart from a single large sell of 1.3m at 6.9p which didn't affect the bid. The MMs really do not want to let their shares go at the moment. If hole 6 is still ongoing, I can understand their reluctance :)

A little hypocritical when you started a thread called "How many folk bought into Harry's dream 5 years ago?" only five days ago :)

lol at the doom-mongers. The share price has been in the same same zone for 3 months. Even the current bid is higher than the share price at the start of the year.

If you can't stand waiting a few days for an RNS then sell your shares, but please stop clogging up the board with your entitled bleating. Complaining loudly, insulting Harry or sending emails to KEFI isn't going to make them suddenly reveal material information without an RNS.

TBH, if I was Harry and saw the abuse directed at me from the people on this forum, I wouldn't exactly be going out of my way to keep them informed outside of regulatory requirements, especially as the majority of the bleaters aren't even shareholders.

Harry knows the share price will rerate massively once the finance is done, so I seriously doubt he is worried about the day to day price movement when the price is very stable over time anyway. Warren Buffet was probably thinking of the KEFI forum when he said "The stock market is a device which transfers money from the impatient to the patient".

Yes, agree it could be June before the role commences, but that is in line with finance drawdown. The point I was making is that they have a sudden sense of urgency right now, with the role advertised on March 30th and closing on April 9th. It's almost as if there is some recent event that triggered that sense of urgency.

Good Friday and Easter Monday are bank holidays in Australia so it is possible the drill team could have had those days off. It's also possible the drill stopped on Friday and today is the first working day for CB to produce an RNS, which could appear late morning as with many other Bushranger RNS.

I'm hoping none of the above is true and hole 6 reaches 1.5 km :) but at this stage there is still a wide range of plausible outcomes.

NT to buy at 8.07am :)

Very chunky buys going through in first few minutes. 30m shares traded by 8.04 and over 90% buys. Interesting.