Member Info for Xenor

I'm confused, it's the same price it was two days ago.

The amount of buying going on (100k plus a couple of 50k and others) I don't understand how we aren't ticking up higher than 37. I guess the MMs have plenty shares to sell.

What has Covid got to do with drill results? These results are very good. Makes this an even better buy than it already was.

I think it's a good sign that we haven't gone back to 30p again. Will be back into the 40s on any good news. Still need to clear up last week's closing statement before sentiment will return though.

@DarrenBuffer: Yes, taking profit can often be a good strategy. But to sell at 42p on Tuesday seemed foolish given the expected newsflow this month that could take this to 50p or even 60p. I've no doubt there will be profit takers once the news is out and we have a good run - as you say that's how AIM tends to go. But it won't drop back to 32p. It will progress and the new bottom may be 45p or 50p. A sensible person doesn't sell up when they're expecting good news imminently. That's why I thought your short was foolish. Almost as if you were clueless as to the expected newsflow.

No one, whether long or short could have predicted the RNS on Tuesday afternoon that brought this down again. Your luck came up with the short. It could have easily gone the other direction with an RNS posting good Q4 results, hedge cleared or the gold assays we're waiting on. When I'm waiting on that news, I'd rather not be sat praying the share price drops as you were.

Yeah it was the same back in October with the Covid RNSs. People complained that they were giving us information straight away.

Can guarantee if they hadn't told us about this then people would be saying they don't trust the BOD because of it when they eventually found out.

They won't give out market sensitive information via email.

I don't know why that duplicated, only posted once.

I agree with Gower. You got lucky with this short because you couldn't possibly have predicted that we'd have a two week delay due to Covid. Your short was based on a collapse in equity prices and copper over Q1. If that RNS didn't land two days ago we'd still be above 40p and getting closer to news.

This isn't going to move between 30p and 40p forever. At some point it will move a lot higher and you'll be closing a short for a loss, erasing gains from previous shorts. I would rather take my risk going long on this than short.

I agree with Gower. You got lucky with this short because you couldn't possibly have predicted that we'd have a two week delay due to Covid. Your short was based on a collapse in equity prices and copper over Q1. If that RNS didn't land two days ago we'd still be above 40p and getting closer to news.

This isn't going to move between 30p and 40p forever. At some point it will move a lot higher and you'll be closing a short for a loss, erasing gains from previous shorts. I would rather take my risk going long on this than short.

I think the biggest loss from people trading this RNS won't be the share price drop but the loss of sentiment and how it will put newer people off investing here. I wouldn't worry about being red, plenty of news in the pipeline this quarter that will move this up. Most of the people trading this latest RNS will be buying back in at 30p.

One positive PCR test and the company is on a knife edge. Do you realise how ridiculous you sound? Covid isn't going anywhere, time to stop panicking whenever someone tests positive.

What's dodgy about that? If you're not prepared to buy a stock then don't tip it.

I remember his last short... 26p by Christmas he said.

I don't disagree Antharry, the news flow recently has been a bit disappointing. Especially the dilution. But all you can do is stay positive and wait for your investment to grow or take your money elsewhere and hope the grass is greener.

Despite the setbacks I still see this as a great investment over the course of 2022 and I don't expect everything to go smoothly in mining.

If you can't work that out then maybe you shouldn't be investing. The green box nut brigade are posting blatant lies, the rest aren't.

Low copper price and underdeveloped mine from previous management are the main two. Then Covid came along last year and the mine just wasn't ready for it. Caused massive dilution in order for the company to survive. I'm sure someone can explain better however.

Good point Bertie. I just responded to the idiot before I read this. I never greenbox people, but our resident monkey can be my first.

I too am expecting some good news on this soon.

Desperation!

Unfortunately, some people have to learn the hard way, and sometimes the cost of that lesson is their life.