Member Info for Steve4077

Yes, the AA buyout is key. Copper is $8000 per ton. The buyout happens at two million tons, which is definitely possible given the apparent size of deposit and the potential for a cluster of porphyries. Therefore $8k x 2m tons with an assumed in-ground-value of 3%, is $480m. Or about 10x current market cap.

>> Well I did not expected that it will fell under 7p after gaining 100% yesterday and that why every one is shocked like me. Why could it not stay blue for couple of days.

It did stay blue for 2 days. It was up 60% on Friday. After a 60% day and a 110% day, a 20% drop back is not the end of the world. Besides, it has already had several 15-20% drops and recoveries over the last day or so.

You might be shocked, but most people aren't. You can tell that by the chat on this forum. If you don't like volatility, don't buy this type of share.

@ Forzeb

If it is bothering that much, then sell. You need to decide if your shares at the price right now are worth holding on to. What you paid for them, or how much you are up or down is irrelevant.

Yes, read it. I can understand why you watch and wait. I just wondering about the repetitive de-ramps. That usually indicates a short or an attempt to reduce the price, rather than someone waiting for the CEO to change.

Every time the bid-ask changes, about 10-20 tiny trades go through on either side on L2. Never seen that before. Any idea what is going on?

So if you aren't invested, why are you spending time on a bulletin board dedicated to a share you don't even own?

So why are you invested then?

lol - in that case thanks for the clarification.

If they are reductions, they usually also include the previous amount in the "Position of previous notification" section, but I don't see that here. Either it wasn't filled in for some reason, or this is a purchase.

Who are the sellers at this point? :)

Sub-$50m market cap at this share price.

>> I am really thinking to sell now as my nerves giving up

Normally, its about risk vs reward. You have to take a big risk to get the large payoffs. In this case, you have what looks like a kilometre of mineralization with at least reasonable grades (0.3% near surface and improving with depth according to RNS) in a very mining-friendly jurisdiction with existing infrastructure close by. This is all on the first drill hole.

Market cap is only $50m. Given the AA buyout clause and the apparent size of the porphyry, it could easily 5 to 10 bag from this point.

I see the MMs are happy to take it down on low volume. I wonder why :)

Only seems to be resistance because you can't buy anything :)

I keep trying.

There was a single trade for 300k shares, so it probably took out several levels. Would have made more sense to sell it in smaller chunks.

I also bought into XTR Thu and Fri last week. I think it would be worth anyone's time to read the last few RNS.

@Steveiom

What's the iom in your name for. I'm also Steve and I live on the Isle of Man (iom) - just wondering if you do too :)

BTW I have been buying COBR today, not XTR :)

I bought into XTR last week.

@saint-tropez

I don't want to get into an XTR debate on a different board, so I'll just mention they just raised £650k for the current set of drilling and there is £400k per month projected from their existing sources of income. Happy to let you have the last word :)

@Bitcoin - I've just closed down all my positions at XTR as I have a sixth sense over what is coming over there! :-))

At XTR, there is 875m of continuous mineralization that is increasing with depth and still drilling on the FIRST drill hole. What exactly is your 6th sense telling you?

I think COBR will do very well, but XTR looks amazing right now.

I know traders often sell on news, but in this case perhaps they should have actually read the news :)