Member Info for theiceberg

Annual results are due in the next 4 business days so an update won't be long.

Maybe L200, I know maybe 40-50 of the placing flipper crew, (not as friends as I really don't like the pump\flipping from a moral POV). Not a single one has mentioned xtr. Many of them took shares in the first placing in Jan and shouted about that then. Again just imo.

You might be right CE, who knows :)

As i a say just my experience, I've never seen flippers hang around long, and although they want 10% or much more. They will sell for less, as the last thing they want is to be trapped in a low volume share at a lower price.
Vol of 40m or so has been above the placing price, a bit more if they forward sold prior the announcement. So enough to allow maybe 10m of flipped shares at a profit, then another 10m at a small loss. (they do sometimes make a loss as well). And as per yesterday i think the majority of placing shares didn't go to flippers.
But again just IMO, I've never seen flippers that don't try and pump the share -at least a little :)

I won't be part of any group, simply as I don't like to get personally involved in shares, if i don't like the company's management I will simply sell.
I wouldn't be against colin staying as a chairman and us having a good dedicated CEO, or an ASX listing, more exposure etc but I am not desperate for it.

Hope we good a good day today. I am happy with a small gain!

3 more decent sized after hour buys...
Sp firmly in the 4.4s to sell but 4.5 was pretty much brought out.
Not a bad day

Our resident sceptic made a comment yesterday about Warren and how few folks made a profit in the last 5 or 10 years...
The simple answer , and why I have always avoided manager funds like the plague..if you had invest in BHP 5 years ago today you would be sitting on 300% profit.
A single massive low risk share, that pays dividends has no exit fees etc...
If you want a low risk return..my advice would be pick a sector that is underperforming at the moment but should see strong demand over say 5 years. And invest in a good quality divi paying major..such as maybe sqm in lithium you will do better than Irwin and many fund managers and save yourself a fortune.I

Obviously shorter term 12-18 months I think xtr will do 300% but it's riskier...and a lot quicker.

My guess would be that as many as 10-20 people might have taken part in the placing .... A hand full flippers who flipped back in the 5-6p range and the rest wanting a long term investment in copper.. Maybe 1 or 2 left....just a guess though.

're placement shares..I am not convinced there will be many of these either. Flippers do not stay in for a month or two, it's dire for them to hold and the up their capital for to long...also we've still not seen any ramping from them to get the price up..twiiter etc would be awash with desperate types and there simply isn't any.I
The traders have moved on as well.
As per yesterday chunks of shares are being taken and if this continues then I can see the sp rising quite quickly to 6p. Then 7p by the end of june.
Just my opinion which might or not be right, i tend to ignore sp predictions as it's a must game...yep I am doing it so must be a mug :)

CE, 're warrants, if people wanted to exercise the warrants in the short term, would they have not done so by now?
Surely most folks with the warrants will be long term holders now, unless specific circumstances cause them to need money.

Rose a bit more a few mins from the end. 4.4x to buy and sell...only a small amount of volume and it's rises 5%...

4.32 to sell and 4.39 to buy ( not much on offer) so a genuinely good day. 2nd in a row.

Warren has not had the best time with mining stocks in the last 5-10 years. Indeed last year he said he wasn't going to buy any more exploration stocks as he hadn't had a good return on them (many such as his CGP gamble are underwater).
My experience when talking to Warren is that he will say whatever he needs to say to support his buying e.g his ego.
I am not saying he just talks rubbish, as he gets quite a bit right. But I would always take what he says with a pinch of salt and take into account whatever angle he's playing.

MPI.
I did read your post correctly. The point is that on the 23rd of March you said your going 'nowhere'. Your word. Before that you were 'bullish' your word.
now apparently you also predicted in march that the share price would fall to 4p.
This makes no sense.
I've been around charting enough to know that a chart can mean anything you want it to mean depending on the timeframes- tools-algo's etc
On LSE you predicted that the SP was positive - thats all.
As Steve said, charting cannot predict assay time frames - funding - assay results etc etc. All of which had far more affect on the SP than a chart from march.
I am not going to discuss charting again. I've done it a thousand times on LSE. I do understand it. but it has no bearing on AIM IMO. Of course anybody can use it and comment on it, but thats my view. I take people for what they say on here, not who they are or anything else.

I think he said April for the new model - in the end it was may, which I thought more realsitic. But the new model clearly shows both finger porphyrys now and the joined sourced beneath them.
Yes yes been out 're the assays, but tbf that's out of his hands.
The drilling of the holes went smoothly and on time.
The drilling started -I think- pretty much when it was meant to.
the team is Australia has been put together when he said pretty much, the surveys are pretty much on time.
We obviously don't know when phase 2 starts, but there isn't much reason to doubt the timeframes, as that's when the drill rigs are booked for.
Tbh I don't think the evidence supports a massive timing problem - at least for australia, Africa is another matter.

It won't be sept 22 for a jorc.
A realistic time frame imo.
Drill to start around the 20th of july.
2 rigs each drilling 10000m would take about 150 days... So drilling to finish mid jan.
're jorc, it depend s if they do the infill of Bushranger then drill foot rot etc then the infill will be finish by end of nov.
Assays are a big unknown but a jorc will be developed as they go along - maybe March next year. Maybe a jorc in Nov followed by a further one in march, as you tend to keep building it up.nice
Anglo could develop it in 2 years imo.
But if they think the jorc will be 2MT they will imo, start initial discussions with anglo.
Even a hint that Anglo discussions have started will send this sky high.
Again just imo, but as drilling gets started , at twice the rate of phase 1, market interest will quickly pick up.

MPI, that's complete bull, the last post u made before today was back in March "Look at the last two spikes, rightly or wrongly the market is jittery, no one is buying big at these levels, not yet anyway. If you believe then sit tight and see this out. We need a close over 6.5 to regain momentum. News flow is incoming.

I am going nowhere"
When the SP was 6.1 a week later it rose above 6.5 into the 7s. Your history clearly shows that the last few posts you made were telling people to hold and generally pretty positive - in your words 'bullish' at no point in March did you mention anything about predicting....complete BS unless you have multiple accounts which seems likely.

It why I've been quiet yesterday and today, any fall even temporary like this brings out the pond slime that inhabit these forums.

I agree ella, - in a single word it's professionalism
I think and hope colin got the point.
This is a major league deposit and xtr wants to attract major league investors.
The new team should do this and it's telling that both these drill results and the ip rns both had much better up to date graphics and were more accurate without fluff.

Incredibly tight 4.28 to sell and 4.3 to buy.

Just an example, but it illustrates why I like the experts they now have. He mentioned 're footrot that Anglo drilled the anomaly and so missed the mineralization..i.e they hit the quartz max shell. I think it was in my eureka blog post where I talked about the IP anomaly and how porphries tend to be at the side of them i.e surrounded by the bright anomalies. Where as IOCG systems it tends to be more anomaly based.
This kind of geo thinking is quite new hence why Anglo did'nt use it back in 2014-2015.
It's reassuring that the team is up to date with this kind of thinking....i.e they are porphyry experts.

Yes, great that we've finally got a proper team in australia. It looks like Colin s taking a more backseat, quite similar to Jub when they made the leap forward.
They are very confident ('re 2mt from phase 2 drilling)and lots going on.
IP at Footrot which will be release in a couple of weeks.
Phase 2 still mid July (only 7-8 weeks away) 2 rigs working flat out.
More drone-arial surveys.
A better handle on the geology.
Imo probably better results from holes 5 and 6.

Hydrogen, just as your first post was inaccurate, so is this one.
The projects you mentioned have multi billion capex requirements, so of course they need tonnage. Bushranger does not.
It has a high voltage, major industrial power grid-cables going through the license a few kms away.
It has a major road going through the license (between bushranger and FT).
It has a further network of roads that are already used by mining equip.
It has towns nearby (15-30min drive away) so workers do not need accomodation etc.
It has a ready source of mining experts as it surrounded by mines, again in drivable distance.
It has major economies of scale with many of the mines in it's vacinity.
Having a largely single mineral _maybe just copper brings down the capex even further.
The copper sludge-concentrate can easily and cheapily be transported for refining purposes.
The land is minimal being mostly owned by govt. forestery which requires other land to be planted but is generally pro mining.
Capex 300-400m with cheap tonnage costs. If the capex is 10% of the projects you mention, then tonnage is far less important.
IRR of major capex projects 30-20%...IRR of bushranger initial open pit phase 1...(40%) IMO.

If you've got all of the above you don't need bulk - although i think they will-have already, got it!