Xtract Resources Share Discussion Threads

[papillon] 09/11/2021 10:14

I've bought back some of the shares I sold last week as it looks like the 50 day EMA is providing support as it did during GGP's spectacular rise during 2020. Also the price of copper is on the rise again. Don't forget the GGP share price enjoyed it's biggest rise from April 2020 whilst the price of gold was skyrocketing. Lurker5 mentioned that the GGP share price only started to take off in January 2020 after exceptionally good exploration results were announced. True, but the GGP share price also nearly halved in March 2020 when the price of gold, along with everything else, collapsed.

[jlondon] 09/11/2021 09:59

The share price is sell 5.05p and buy 5.123p [Advertised 5p to sell and 5.20p to buy].
In fact, it has gone up from yesterday*s 4.9p+ to sell and buy also up.
Tues, 9 Nov 2021 @9:59am
==
10:08am
The sell price has gone up to 5.066p and to buy remains the same at 5.123p.

[lurker5] 09/11/2021 09:58

DivM The 'word' got around on the street only when the 'spectacular' drill results were announced and no-one cold overlook them. It will need a similarly 'life-changing' announcement to get XTR moving I feel. But I'm hanging in because chopping, changing, and trading investments in hope of profiting (in my experience) from lulls and spikes leaves you open to being 'whiplashed' at some unforseen moment !

[divmad] 09/11/2021 09:44

When word gets around on"the street", is when the really powerful move began in ggp. We still await that flip point here, when big money starts to arrive.

[the count of monte_cristo] 09/11/2021 09:27

Thanks for that history, this is how it plays out most of the time. It can take 2 years to become an overnight success:)

[lurker5] 09/11/2021 09:04

GGP didn't move even when Newcrest farmed in in March 2019. It took nearly a year to mid Jan 2020 when the first 'outstanding Havieron drill results' started the sharp rise (long intervals at over 3g/t and some at over 6g/t). Up to then the shares had merely chundered along under 2p.

[the count of monte_cristo] 09/11/2021 07:38

I can tell you, I'm holding my millions of shares for 40-50p, which I believe we will see next year. We have yet to see the share price really start to move. Approximate prices detailed below. A Tier 1 copper project, in Australia, next to Cadia-Ridgeway, next to Sydney, come on:)

30p £255m
35p £300m
40p £340m
45p £380m
50p £425m

It took GGP a while before the share price started to move.

[the count of monte_cristo] 09/11/2021 07:23

Remember when people on here were critising why Jeremy Read stepped down as a director at the beginning of August and I was explaining that Bushranger requires a dedicated fulltime team and how CB has made a positive strategic decision, but got flack for it. Well it's all there explained in yesterdays interview on just how much work is required now to analyses and model all of the information. The folks who critisied this should hold their hands up and acknowledge they were incorrect, if they are still here. A lot of the posters on here don't actually have a clue, just listen to CB and the RNS's and let them do the talking. The share price will follow in due course :)

I'll back CB who took a nothing copper company from 20m to a sale of over 200m GBP rather than some posters on here who don't even understand what a low grade copper porphyry is:))



The Board and Jeremy are of the opinion that to focus on the Bushranger Project as Project Manager is in the best interests of the Company and the Project.

The Company intends shortly to appoint to the Board a corporate and financially experienced, independent non-executive director from the resources sector.

[the diddymen] 09/11/2021 07:00

CMC a very realistic scenario based on the evidence we have so far and knowledge of how the market works.

One of the dual LSE/ADVFN posters should repost to LSE.

[the count of monte_cristo] 09/11/2021 06:34

I think the updated JORC will probably come in Q1, but I won't alter my notes from my October post on my timelines.

The Count of Monte_Cristo22 Oct '21 - 11:11 - 3277 of 3277 Edit

My next set of thoughts/opinions230;

Nov/Dec 2021 – Continued good gold grades excite the market and increase interest.

Nov/Dec 2021 – First fund/large investor takes a stake as they finally wake up and realise they have missed the story and start to believe it.

Nov/Dec 2021 – Drilling confirms much larger pit size, further increasing wider interest and adding speculative interest to the stock. The stock breaches 10p for the first time.

Q1 2022 – Long term holders sell or consider selling stock as the share price moves higher.

Q1 2022 – Wildcard of an entity stake building on the basis of an eventual AA sale, could be the likes of Sprott, Eric Friedland or a fund with imagination. Any such event would escalate the share price

Q1 2022 – Footrot drilling, drilling confirms copper mineralisation

Q2 2022 – Updated JORC to 400-500mt with potential for further increases, drilling continues

Q2 2022 – Company begins discussions with AA

Q3 2022 – Sale of Bushranger for 350-450m GBP

Notes to myself. Continue to add on any dips, do not sell any shares as this stock is going much, much higher and the actual end date is not far away. Do the research, back your own opinions and the result of answering a series of questions and being right will result in financial rewards.

[the count of monte_cristo] 09/11/2021 03:06

lurker5 - you have your opinion and that's all it is, your opinion.

The Diddymen - we already have a JORC which is already in the top 25 largest Aussie copper deposits, we have already finished all of the phase 1 drilling and it's not going to take that long to complete the phase 2 drilling. Once done then they can update the JORC. It's not going to take long.

[papillon] 08/11/2021 22:50

CB must be biased, backtothesoil. That's understandable because he is executive chairman of XTR. I prefer to believe in the XTR RNS's, though I do suspect RNS's issued by a few other companies do contain lies. I do study the charts, but do realise they are not infallible, especially so for a news driven speculative explorer, like XTR. I've said this on many an occasion. As always, whether you take notice of historical price performance (the charts and chart indicators), or ignore them completely, it's your money and you can do what you like with it. I post my charts just like others post their opinions. I can't really have an opinion on XTR's prospects because I have no mining experience. CB does have that experience, however he's not unbiased since XTR is basically "his baby", so his opinions expressed in interviews and podcasts need to be treated with caution.
I have no idea what the next RNS will state and possibly/probably nor do my charts! My ignorance is total, unfortunately. I'm basically just gambling.

[jlondon] 08/11/2021 22:40

BCN is something that has a few issues ie Mexico govt and also the clay element which their govt Geo asked about ie no commercial production from clay known?

[lurker5] 08/11/2021 22:25

Its getting truly unrealistic over on the other place. Expecting CB to engage in a public BB discussion about valuing Bushranger for the purpose of any deal with AA is embarrasingly naive - as CB himself must be beginning to feel. And as for going into the minutiae of the valmin code ! For Heaven's sake, CB doesn't have to agree any deal with AA. If it happens it will be on the basis of circumstances at the time including whether AA has a place in its porfolio for BR, which it might not, and how XTRs shareholders (including professionals not yet invested but who may be by that time) view any deal. More relevant might be whether antone else shows interest.
As for the valmin code, its probably intended for use where no negotiations are taking place or when nothing much is happening to fix a share price - such as for independent tax purposes. It won't be used for a commercial negotiation if only because there won't be much (if anything) in the way of a similar, recent, local, transaction with which to compare.
Iceberg over there obviously has a good grasp of what drilling results might mean in terms of the shape of a deposit. But he has a lesser grasp of valuation techniques. For a start, of course valmin doesn't apply for an exploration co. By definition there isn't any deposit or project to value. Its all hope for the future. And Iceberg seems surprised that BCN has been sold for 'less han its NPV'. Of course it has. If you know the formula for the NPV of a project not yet built and paid for, you will understand why only a fool would buy it for its NPV !
And lastly, the most accurate valuation, and the price anyone would pay, would be based on a full feasibility study, and although an 'internal' one might not be allowed to be published, there's nothing to stop a co (XTR) performing one as a basis for a confidential discussion around a sale.
All in all, speculation about whether, when, or what anyone -let alone AA - would pay to buy BR is a complete, pointless, waste of time ! - until we have a full JORC resource, and even then is subject to all I've said.

[the diddymen] 08/11/2021 20:40

I have listened again to the podcast. It is slightly rambling in nature but there was a bit of very relevant signal content.

As mentioned above they are updating the conceptual model for the quantity of ore which will give another event shortly.

The conceptual model NPV will be run at $8k to $12k

Aeris on LSE points out CB refers to the 2 or 3 open ore bodies. A slip of tongue given Hole 25 has not been RNS'd or the assay has not been RNS'd on hole 14.

The podcast though dwelt on the 5p/share 'valuation'/Iceberg on LSE.

CB's clearly does not like the valuation, nor does Iceberg like CB's response. There is possibly a case here of both being right. If I am understanding CB correctly he is saying that in his view/experience he should be able to take his conceptual pit to AA and conclude a deal. That would be the most direct route and it is up to AA whether they are prepared to use it as a basis of valuation. Iceberg appears to be arguing that to obtain best value you need a JORC compliant resource category.

There is always a commercial override in these matters. If the conceptual model approach fails, then just carry on drilling in a systematic fashion until you have a JORC.

Hole 24 is the last planned drill on the inferred resource therefore we should get the estimated quantity of ore before too long. If Hole 25 draws a blank (which is at odds with the 2 or 3 open ore body comment,) then the first chunky news will be the tonnes of ore.

[all in eol] 08/11/2021 18:46

Think some have scared themselves out of XTR over the last week or so. Time will tell if it was justified or better to hold and await.

[onething] 08/11/2021 18:38

Papillon, ADVFN does not 'set' closing prices. The UT is a function of the way the market is set up to operate and it is what it is.

[backtothesoil] 08/11/2021 18:29

I get a lot more useful information listening to CB than hearing about candles and zigzag coloured lines that some here use to make investment decisions.

[papillon] 08/11/2021 18:17

free stock charts from uk.advfn.com


Well, even for allowing for the closing price being set by advfn based on a small UT trade timed at 4:35pm, the 10 day EMA has stayed above the 20 day EMA.
Lots of small trades today and mostly buys. Whether that indicates a positive RNS tomorrow, who knows? I sold most of my XTR shares last week. Whether I have made a mistake I could find out tomorrow! Such is life!

[picardy] 08/11/2021 18:09

Good and very reassuring listen.

[brasso3] 08/11/2021 17:47

I could listen to Colin Bird all day long!

[the diddymen] 08/11/2021 17:45

CB very clearly states that while they cannot estimate the contained copper until they have the assay, they can calculate the current tonnage of ore and they will be doing this shortly. That will be a useful aggregation of data from the drilland will help give a key part of the equation.

[onething] 08/11/2021 16:38

It is a cracking listen. That kind of genuine enthusiasm and confidence would be very difficult to pretend.

[all in eol] 08/11/2021 16:37

It was the UT.
Back down to 5p on the open unless it gaps up on news.