Xtract Resources Share Discussion Threads

[papillon] 15/10/2021 23:34

Where's that sh*t stirrer, Asitis gone? 🤣. XTR issue Bushranger assay results and the XTR share price keeps rising yet that sh*t stirrer, Asitis disappears. I wonder why? 🤣

Asitis joined advfn very recently on 18/8/2021 and has made a total of 25 posts, all om XTR. He's got a one track mind; a dirt track! 😂 He should broaden his mind and try posting on other companies.

He's obviously got a grudge against CB. I wonder why? It's likely he posts on advfn using other nicknames, apart from Asitis. Why does he bother? I wonder if he's knocking CB whilst filling his boots with XTR shares?

[papillon] 15/10/2021 15:39

Do punters really day trade XTR? Doubtful bearing in mind the percentage spread. I think it's more likely to be traders closing T20's either to bank a profit, or limit a loss. Punters also spread bet on shares.

[2603] 15/10/2021 15:33

You will get day traders in most shares. I would rather it consolidate around here for a week or so as it’s doing now. To wind down the over bought condition, it’s no good going up in a direct line straight up only to be hammered down again. I am happy for a gradual rise until the time where it explodes when they meet their goal.

[denjon] 15/10/2021 14:46

More ups and downs than a big dipper. Hoping further good definitive news will put a stop to the share price gyrations caused by the day traders.

[goforgold1] 15/10/2021 14:32

Just to many flippers in this share

[papillon] 15/10/2021 12:47

I particularly liked this bit of the report, especially where it is "hard to know where all this copper could come from"

"The IEA estimate about 8,000kg of copper is used per MW making wind farms the most copper intensive renewable power technology projects
• 30GW of wind could potentially consume 240 million tonnes of copper – unless there is a significant reduction in the amount of copper used per MW
• Given the market is expected to produce just 21mt this year may rise to 25mt in 2024 then its hard to know where all this copper could come from.
• Subsea cables are the biggest consumer of copper for offshore wind indicating that more efficient cabling may be required to meet Joe Biden’s 30GW wind target
• Estimates also suggest 8,000kg of copper silicon and other metals are also used per MW for solar (JPEA 2020).

The US plans to have 30GW of offshore wind capacity installed by 2030"

[papillon] 15/10/2021 12:37

Copied from the PXC bb (posted by Sportbilly1976

SP Angel morning note comment on copper:

Copper surges past $10,000/t for strongest gain in 5 years as 3-month LME copper rises 7.1% this week to $10,025/t.

• Recycling restrictions in Malaysia have provided a tailwind to copper as traders are forced towards refined metal.
• The current global energy crisis is pushing supply offline, with fabricators desperate for the red metal.

LME copper stocks fell another 5,650t today but a big increase in stocks next week could see copper pull back fastX

• Another large increase in cancelled warrants on the LME of 27,050t could indicate traders acting to make demand look stronger than it is
• Immediate demand is high due to a lack of available copper with some panic driving nearby spreads but we do not know how much metal sits off the LME which might come into the market and could change the picture.
• The move comes despite concerns over future Chinese demand as troubles mount in the overleveraged property sector.
• The IEA estimate about 8,000kg of copper is used per MW making wind farms the most copper intensive renewable power technology projects
• 30GW of wind could potentially consume 240 million tonnes of copper – unless there is a significant reduction in the amount of copper used per MW
• Given the market is expected to produce just 21mt this year may rise to 25mt in 2024 then its hard to know where all this copper could come from.
• Subsea cables are the biggest consumer of copper for offshore wind indicating that more efficient cabling may be required to meet Joe Biden’s 30GW wind target
• Estimates also suggest 8,000kg of copper silicon and other metals are also used per MW for solar (JPEA 2020).

The US plans to have 30GW of offshore wind capacity installed by 2030

• 800MW Vineyard Wind 1 approved for offshore Massachusetts
• Vineyard Wind South, a 2.3GW farm in an adjacent site to Vineyard Wind 1 is awaiting federal approval.
• 35GW of potential offshore generation capacity in the pipeline including:
o The Block Island Wind Farm (30MW) and the Coastal Virginia Offshore Wind pilot project (12MW) – both operational.
o The Vineyard Wind 1 project (800MW).
o 15 projects in the pipeline that have reached the permitting phase.
o 16 commercial leases in federal waters with exclusive site control.
o 7 wind energy areas that can be leased at the discretion of the federal government in the future.
o The US Bureau of Ocean Energy Management (BOEM) will hold up to seven lease sales for projects in various sites around the US by 2025.
o The US offshore wind industry could fall well short of the Biden administration’;s goal of installing 30GW of turbines by the end of the decade, due to a combination of a slow and complex permitting process, underdeveloped supply chain and lack of Jones Act-compliant installation vessels, according to predictions from IHS Markit

[the count of monte_cristo] 15/10/2021 10:43

lurker515 Oct '21 - 08:49 - 3113 of 3119 - great news! Gives us a chance to keep adding.

[the diddymen] 15/10/2021 09:34

One of the issues raised in the initial reports of last night's presentation is the AA right to go to arbitration based on 5 years history.

This does give me cause for concern because as discussed previously the metric is being changed by the race to carbon zero and history should not dictate.

CB needs to be thinking about the evidence that he needs to provide to demonstrate to an arbitrator that the metric has changed. If AA decide to acquire, they will want it as cheaply as is historically possible. That is the market.

[goforgold1] 15/10/2021 09:33

Mms will not trade . As they know full of Pis flipping for .1 and .2 pence

[goforgold1] 15/10/2021 09:31

Yes can not break 5.50p Looks like needs really good News .

[the diddymen] 15/10/2021 09:28

Lurker, it goes without saying that it is the responsibility of XTR to maximise shareholder value, and part of that process is communicating with potential shareholders.

At a PI level that could be achieved by extending the conceptual pit with updated data both when the assays are complete for the 'inferred resource' and then when the assays are complete for the 'SE anomaly'.

While I agree that generally institutional investors will need JORC resources to invest, CB has a narrative for the city, and narrative can be persuasive.

A good first drill on the SE anomaly will be a pivotal moment and make communication a little easier!

[all in eol] 15/10/2021 09:13

Another attempt at breaking the 5.5p failed. Next time?

[qazwsxedc69] 15/10/2021 09:02

That's not trouble, it's an opportunity. If you know, you can currently buy a 'world class' (CB's words) copper asset at rock bottom prices. That isn't going to last for long so accumulate now or regret it in future

[lurker5] 15/10/2021 08:49

Trouble is not many DO know, and won't know until some intercept or other is noticed by an influential broker or mining journal. That hasn't happened yet. And events like last night will be known only to the already true believers. I suspect the first good result from the SE anomaly is what might do the bigger trick. CB might do well to drill there first of the next 13.

[the count of monte_cristo] 15/10/2021 08:20

If only we knew about a small cap copper stock proving up a globally significant copper deposit/project in a mining friendly country...

[onedayrodders] 15/10/2021 08:18

Yes .. we are sitting comfortably as the perfect storm arrives

[brasso3] 15/10/2021 07:55

People will be scrambling to get involved in this move in copper soon.

[denjon] 15/10/2021 07:50

Cu $9,970.65 mt. Making strong move up.

[qazwsxedc69] 15/10/2021 07:31

Brilliant - thanks

[bernymadoff] 15/10/2021 07:30

Telegram link which actually works

[the diddymen] 15/10/2021 07:19

gfg traders are all part of the cycle. The problem on AIM is that they become fog and you are unable to determine market value.

XTR is my first listed investment for some years and I did not come across the company until March or April time. Had it not been for fog I would not have been able to make my entry level so low!

[bernymadoff] 15/10/2021 07:06

hTTtps://t.me/c/1499888499/3637

[qazwsxedc69] 14/10/2021 23:16

Thanks. Might just be me, but the link doesn't work?!!?