The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
Very encouraging to see the rise. It seems to have stalled and we may see a pullback (even back down to support at around 8,500) before the next leg up and $10,000 is really within touching distance now. However this is very affected by global events to nothing nailed on here!!
"At lease the company has revenue unlike others."
And is debt-free.
And is sitting on a gold mine.
Sorry ... 'Copper, silver, molybdenum and some gold' mine
Sadly I think there are a fair few that would take 6p and run.
"I think most who were going to sell have sold and most who wanted to buy have done so. This means very little volume. "
I would go along with that, although there is probably a continuous supply of sellers over time as funds are needed elsewhere, patience runs out, etc. Buyers will be existing holders topping up at crazy low levels. But the overall picture is very low volume.
With this in mind I would not expect MMs to be paying this much attention. They make their money on the spread of buys/sells that they are contracted to facilitate. Look at the volumes, and the overall value of traded shares. This is NOT a money spinner for MMs currently. There are more lucrative stocks out there to play with. My guess is XTR is largely looked after by a Market Maker's (all of them) computer programme rather than wasting a real person's time at present.
yes it was me. made a mistake and owned up to it.
I didn't know what a JORC was either in Aug 2022. I am of course well able to read and as I said "But am able to understand when something is explained to me".
I'm flattered that you took the time to look back through my posts.
I second that Joeman.
I want news where news is due, and we are slowly ticking off what we expect.
But weirdly the very people that are bleating incessantly about Colin Bird having verbal diarrea and over promising seem to be complaining now that he hasn't dressed up the fairbride results enough.
In my mind the fairbride results speak for themselves and that is good news. And the Racecourse JORC was good news (the uninformed are those that cannot see a JORC for what it is and that there is a story that extends behind that).
I would question (as I have previously) what is achieved by continuous and repeated moaning. No-one likes kwakadoo posting his list of colin bird company share prices again and again. Yet some posters here see fit to repeatedly state their view of Colin Bird over and over again as if other readers are incapable of retaining information on first (or even 31st) reading.
We are all aware of the environment we are invested in by now. Maybe try to work with it? Posting your dissatisfaction repeatedly is not going to change anything, that is for sure.
"As for what CEO says I've been in enough companies to know they can't really say much and its bad practice to put it out all the time using favorable media".
Too true Billy. Its a well-known complaint in the hospitality industry that almost every punter thinks they would make a better job of running a pub. Colin says he reads the boards, but the majority of what is posted by the armchair and back of envelope 'explorators' surely must drive him up the wall.
"However when you have something you have it. Which is the case here"
Spot on again. Yet no-one seems to be welcoming this latest item of clarity. Lets just whinge about the reasonable statement that financials will be issued bi-annually (as is required of AIM companies).
Give it a rest. Going over and over the same old dissatisfactions won't make them go away.
Far more interesting is to focus on where we are, what we expect and, maybe, what we hope for. Reset your expectations based on 'now'. You will be happier.
Welcome news regarding Fairbride today (although of course some will find a way to whinge about that too). XTR is making a profit. And we have an area of ground in Australia we know there is a large amount of copper buried in. And PoC is on the up (as is the global demand, with no ceiling in site).
Learn from Harry ... everyone tires of the incessant whingeing once it has been done to death already.
XTR IS the Explorator.
Cygnus, I've come to realise over the years that trying to gauge the market by looking at trades is close to futile! But I still do it and have been bemused by the string of trades at 1.8p today. Your post only added to that bemusement, but nice to hear they are not all sells!
Howezap ... "So it’s expected really that the roast boys have dropped xtract as they too, probably feel they have been led on as there were keen to get it sold comments. So to promote it for 23 against the markets reaction would show bias and smack of partiality. Not great for their credibility."
surely your are aware that the Sunday Roast (Roast PR) is a PR company and it has clients for whom it issues PR. XTR is such a client. Bias and hints of partiality are integral to the PR agent/client relationship!!
What colour swan ??!!
Bear in mind the Roast podcasts are not wholly independent of the companies that they cover. It is part of the PR activities of XTR and I believe is in some way paid for. This accounts for the less than intensive grilling (sorry, roasting) that shareholders may feel would be appropriate sometimes.
A very thin day of trading with only 11 individual trades completed. Almost the whole circa 800,000 volume was accounted for by a 500,000 trade classified by ADVFN as a 'sell'. However a poster on another board posted his trade confirmation for that trade which was indeed a buy, albeit below the mid-price. The slight tick up in SP occurred at 8am thanks to a UT trade of just 67,233.
I, for one, would like to see a share consolidation as a penny stock with 860million shares in issue does present a rather less than serious image, and points to a history of multiple cash calls. A higher SP/lower shares in issue would also allow for tighter spreads and finer % movements in the share price. Both of these effects should lead to greater traded volumes and will bring in new blood to the shareholder base.
Clearly by choosing not to invest!
What's your point? It would be very instructive to see the economic model represented at a range of copper prices.
Not just armour. Brass is still commonly used in bullet and artillery shell casings. Typically two thirds copper in brass. This is wasted copper as it really isn't that easy to collect and recycle during a war.
The scarcity of copper is often talked about in very near term scenarios. What of the future. All energy will one day be delivered for consumption as electricity (we are not going back to shovelling coal into the furnaces on steam engines to power our trains) and the future promise of limitless fusion power is always going to boil water to drive a turbine to generate electricity. My newly minted niece will likely still be alive in 2120. That is a long way ahead of the copper deficits we are looking at for 2025 or 2030.
I don't use HL, but broker's of that size/standing should always be able to help you deal via the telephone. try a call.