Member Info for Xenor

What if aliens fly by and nick all our copper? What then?!

You're supposed to buy low and sell high, not short low and average up your short.

What a clown.

Burn the shorts!

It's a valid point Bertie but so much of it was being drowned out by the likes of Moon and DJG (now gone) or even DarrenBuffer as a classic example today - telling people they were going to lose their money. People aren't going to spend 20 minutes typing a well thought out post only for idiots to immediately claim it as lies and spend the next few hours changing the conversation to chickens or whatever else that will help their shorts.

People are waking up to how good this is. Still massively undervalued at this level.

We're also expecting more drill results.
Any updates on Little Deer could be a bonus too.

I'm confident that we will see 60p again, but I wouldn't like to put a time on when. Certainly within the next 6 months.

"RIP to those who sold at 120p instead of buying."

Why? I sold this at 125p on June 30th. Bitcoin was 33k at the time. Bitcoin has since doubled but the share price has not moved. I keep an eye on it to see whether I made the right call. I'll be honest however, the stock I bought with those funds is also around break even so it hasn't made a difference yet.

Maybe people are investing in bitcoin directly now as opposed to investing in someone elses bitcoins. Since June you'd have far better return on investment by investing in bitcoin itself.

People always forget that when comparing prices and it's why I believe charts should be based on market cap rather than share price. Adding more shares is why our bottom kept getting lower during the bad times. It creates more sellers and is why support lines fail.

That said, I think it was a bit higher than that. I remember we had 107m shares back in April (adjusted for consolidation). That would be about 32m market cap. Not sure how many shares we had in July at 30p.

It's not going to jump to 60p in one session. Plenty more good news to come this quarter.

It's decisions like this that help boost sentiment. Shows the board care about us as they've just saved us from 4 million shares being dumped on to the market.

I'm happy as this takes me to just under break even going off 29.875 close price. Still far below fair value but I predicted 26p close today so I'm thrilled with the result. Slow rise from here will be great.

Tomorrow I think we will quickly jump up to 30p and then Riverfort conversions and profit takers will drag us down to 26p. End of the week I think we'll be touching 30p again and then a slow rise from there.

I thought so too. I still think they will enter a hedge for some of their 2022 production as it is just good financial planning to do so.

It doesn't look like they paid off Riverfort so I expect them to convert. However I think the buying pressure will eat these up pretty quickly as happened a week ago. But now there will be even higher demand for shares.

Well done to everyone who held through the difficult times and didn't listen to the trolls on this board. Always trust your research. Next week is going to be fun to watch.

I could see another conversion today or Monday as well. The large sells seem to have stopped after yesterday which suggests Riverfort's latest $200k have all been sold.

I think we will still get H1 financials today, probably at 5pm. These will be very poor, as we have seen from Q1 and Q2 quarterly results. It is the forward looking statements that will matter.

CLN was expected. I said yesterday after the huge sell at 09:21 was posted that this was probably Riverfort selling the last of their latest conversion, and that we'd likely see another conversion by the end of the day or today.

They will convert $200k at a time, sell them and then convert another $200k once they are done. Who wouldn't when they are getting them for 16p? The good thing is that we have enough buying pressure to eat them up. It's essentially driving with a handbrake on until they are out. Moving forward but a lot slower than we could be. Once they are out this will fly.

Monkey has been quiet today. I wonder if he has closed his short.

If you do some research on the company you'll see your entry point as a gift.

I noticed that too. How can they sell them before they get them?