Xtract Resources Share Discussion Threads

[onething] 10/11/2021 15:06

His nolding doesn't sound a lot, but the value once the current upside is realised is in fact a lot!

[steve4077] 10/11/2021 14:38

He bought 2m more in August. He now owns 14.5m shares plus 10m more options at 10p.

[papillon] 10/11/2021 14:35

mwainw1973, did James Draper @ Bidstack buy shares around 40p? Colin Bird bought 1 million XTR shares priced @ 5.7p earlier this year. In fact he has bought XTR shares on a number of occasions this year.

[jlondon] 10/11/2021 13:27

Colin Bird Interview, Tues, 9 Nov 2021 on Hole 25, SE Anomaly, Racecourse, Oz.

Its not about being bullish but rather what is the potential size of the
deposit?

There is a buy-in clause from AA for 2Mt [450Mt @0.45% cu eq is "ultimately identified" per the RNS then.

From the Colin Bird said interview:

[1] " N E W SYSTEM." [Hole 25 is at the SE Anomaly, Racecourse]

[2] "1st hole" in anomaly ie Hole 25.

[3] "S C I E N C E WORKS."


Tooday ran the geophysics on Racecourse-Bushrangers and this was used to do the initial drilling. Later, XTR ran more sophisticated geophysics.

Using the geophysics, they drilled the Hole 25, SE Anomaly.
Per Mr Bird: "Hole 25, gone thru ALTERATION sulphides etc."

So, when Mr Bird says science works, he is talking of the GEOPHYSICS that was used to drill Racecourse starting Dec 2020 to-date.


So, NOTHING to do with hyber-bole etc as being discussed elsewhere or anything to do with bullish or not but rather exploration is about OBJECTIVE and not subjective as said.


HAVIERON
Paul Johnson's new Geo Consultant asked an Australian expert geo on Paterson.
He was told that it is about magnetics that identified the BULLS-EYE anomaly at Havieron. Any anomaly UNTIL tested remains a just a geological feature.

MODELLING
Its how accurate the modelling is - all guided by the data including geophysics etc.

Its a very technical game and nothing to do with BULLISH, not bullish, 'AMPING.

Racecourse will IDENTIFY THE 2MT OF COPPER OR IT WILL NOT, AS SIMPLE AS THAT.
2mt of copper at say a round figure of US$10,000/t = US$20 billion of wonga.

HAVIERON
They said it was 'amping but Newcrest is now drilling towards MRE etc and more. Biswas, CEO of Newcrest said the results are different to that in the Paterson ie better. Havieron will come to produce the FEED so that Newcrest's Telfer will not have to close due to declining feed ie copper/gold ore. Now, Havieron has gone into history as a world class find and nothing to do with 'amping.


J.London, Wed, 10 Nov 2021.

[mwainw1973] 10/11/2021 13:18

I have, James Draper at Bidstack as he ramped it from 4p to 40p only last year... it's now 2p

[chris cat] 10/11/2021 13:10

I guess it's easy money for those with the locked-in shares, but I honestly don't think I've ever heard a CEO/Chairman be as bullish as CB was in that interview. Of course he could be the worlds best salesman, but he's also backed it up with his own cash.

[papillon] 10/11/2021 12:58

Just seen on the lse bb. Could this explain today's drop? Who knows? He sounds cynical.

"Shorteverything

Posts: 18

Price: 5.70

Weak Buy

Lock in Period Today 12:45
You are all forgetting there is a lock in period . That has expired since 27th October .. That’s why price can not hold any gains . You need to sell yourself on any move up . Like i do and buy back lower down LOADS OF 1.25p shares to sell as you can see today"

[papillon] 10/11/2021 12:52

From the lse bb. XTR's response.
"andmillsy

Posts: 597

Price: 5.75

No Opinion

RE: Typo ? Today 11:53
Cygnus you aren't going mad. It was very clear from plan and cross section it was NE
I spotted the same and asked XTR about it and got the following:

>>>Good Afternoon Andy,
>>>Thank you for your e-mail and your sharp eyes! You are correct. As the plan and section accompanying the RNS are accurate our Nomad has advised that there is no need to issue a correction to the text for now. We will fix the typo in the next drilling update."

[papillon] 10/11/2021 12:47

From the lse bb
"Cygnus7

Posts: 160

Price: 5.75

No Opinion

Typo ? Today 11:45
Just studying yesterday's RNS as was busy at the time. Maybe I'm missing something but the RNS says relating to hole 24:

"Drill hole BRDD-21-024 was drilled at an inclination of -60 degrees towards the NW and completed at a final depth of 660.6m."

When looking at the associated map:



The map clearly shows the hole heading in a 'roughly' eastern direction. Seems strange that such as simple error has been made and also surprised nobody else has noted it. Or am I going mad, missed the point or whatever..."

[divmad] 10/11/2021 11:17

Good post, news.

[jlondon] 10/11/2021 11:04

XTR Hole 25, Racecourse SE, Anomaly {RNS, Tues, 9 Nov 2021}

This is a new area to all the other drills.

PHASE 1 - 20 holes - Racecourse.
PHASE 2 - 20 holes - Hole 25, SE Anomaly, Racecourse, NSW, Oz.

NEW CHAT
"Hyperbole" @10:01 and mkt not buying it etc etc.

EXPLORATION DEFINITION
A CEO etc knows what is behind the scenes ie drilling, cores etc and has an idea which is helpful. From herein, one has to COMPUTE the ahead of the curve MODELLING for one self.

Some who are exploration geologists, say on Australian stock forums have software
and they can model to some extent although not to a fine degree as they dont have all the detailed assay data etc. Havieron was under-modelled by an Australian exploration geo as he thought it was like Carpentaria.

Exploration definition is not subjective or hyperbole but OBJECTIVE. Dr Rohlach of Solgold could model Alpala BEFORE drilling could take place and he was absolutely SPOT ON with 1-2 bn tonnes of ore at around 1.4% cu. Yes, the high grade core of some 400m tonnes did come it at that but the rest of the 2.66 bn tonnes at MRE #3 came in much lower as expected and norm. There is no Dr Rohlach here in XTR to help investors out.

I am quite sure that there is internal modelling as Captain Bob mentioned that if X at grade y, then Z will be needed etc which was elucidated at the London AGM or meet recently?

MIS-PRICING
A lot of exploration stocks are in this category. So, is XTR mis-priced, rightly priced or wrongly priced - is it fair value at the moment at 5.9p @£40m+ mkt cap?

THAT IS THE EXPLORATION GAME ie to know the end result of the 1st Maiden results.
In Solgold, investors chatted all day about Hole X going in this direction, Hole Y in that direction etc. This went on for month on end. However, Dr Rohlach had already FROM DAY 1, before Hole 1 could be even drilled, modelled the whole ALPALA tonnage. GRADES are then modelled
accordingly via sensitive analysis which is quite simple.

Dr Rohlach and Norris have gone on to the find the NEXT copper discovery at El Palmar, a surface deposit and the share price rose some 122% IN A WEEK {Motley Fool article]. Dr Rohlach is nuanced in Tier 1 's with experience in Bukit Tujuh @1.7/8 billion tonnes deposit in Indonesia.

SPROTTS ETC
They have their Geo's reading results. W.Middlekoop from recall also reads these results and they usually buy in after.

Those who can SPOT a potential Tier 1 BEFORE anyone can clue it is a seasoned investor. Some are more clear cut and others are less so if the geology is complex.

Many on XTR are late comers, well after it became clear and NOT at inception ie
BEFORE THE 1ST DRILL in Dec 2020.

Wed, 10 Nov 2021

[the count of monte_cristo] 10/11/2021 10:25

I don't think the end game will take a few years. Why?

Look, they are a good way into the phase 2 drilling, once completed they can then update the JORC, initiating those AA discussions.

Additionally, it took CB something like 18 months to take Kiwara resources from a speculative copper project with a company capped at 20m GBP to an outright sale for 200m GBP. So he has the knowledge of how to do it. Most geologists never find an actual economic resource which turns into a mine during their careers.

We are now quite a long way down the line with Bushranger. Full time geologists working around the clock, a solid team with Jeremy Read et al, I feel very comfortable with what they are doing and how I see this story ultimately panning out.

Personally I want them to keep drilling and maximizing shareholder value through the drill bit, before we sell it. Which I think they may do.

[onedayrodders] 10/11/2021 08:16

Yep happy to hold for a few years

[jlondon] 10/11/2021 06:58

How do Blackrock make money?
Posted on Solgold board currently. Yes, that is the subject of my above post.
Solgold has a much larger mkt cap than XTR, hence a bigger fund is in.

Blackrock has reduced their % holding and this is norm.

As Matherfinger posted, they have costs etc and they don't wait for baggers. They
have larger capital than small pi's.

Example, a 1% stake in Solgold is £6.03m [@26p+ = £603 million] & 10% profit is
£603,000.

In XTR, there is no TR1 holder say like in GGP in the past with a 6% holder, a former Sunday Times Rich List holder.

Some specialist funds run on algo's, again, on big order flow.

So, the chatter about XTR and profit-taking is small compared to funds. What can a small profit do?

[jlondon] 10/11/2021 06:23

Colin Bird, Executive Chairman, XTR played a BLINDER.
On Mon, 9.11.21, Mr Bird gave an interview on XTR's Racecourse. This steadied the weekend ship and the share price rose from 4.93/4p to sell to about 5p-5.02/4p. XTR had been marking time for a while.

On Tues, 10.11.21, the XTR RNS came out for Hole 25, S.E. Anomaly, Racecourse.
This was akin to a wild-cat but the chargeability was helpful. As Mr Bird said in hisTues interview, it could have hit black shale and he would be crying. The share price rose to nearly 6p to buy. Mr Bird's interview was superb and many said so. It has steadied the ship on a pivotal Hole 25 and the prospect of a NEW area?

SHARE TRADES
One noticed 2 share trades of 2m for £104,000 and £111,000. It does suggest these are not ordinary pi's but a small tute or big trader? I think there appears to be no DMS for XTR? If it was a trade, then clear 10% profit-taking = £21,000 but with somewhat increased risk if Hole 25 had hit black shale.

The rest of the trades have a few 250,000-350,000 trades amounting to £14,000 {250k trade} whilst the rest were far smaller. Even, this £14,000 trade could have exited on a £1,400 clear 10% profit given the share price rose max 12%+ only.
Take this to another stock and it could be well stuck as many stocks are not liquid enough. Hence, why they say traders lose money in the long run per statistical studies.

So, the hypothesis about trading is not as postulated about small traders.

BAGGER
That would be more longer-lasting in general. JUST MENTIONING THIS as the small pi can only make more meaningful $ if it bags 1x. So, $5k turns into $10k, maybe something to write home about. For the fund/s, they are trading millions/billions in a day and even a small % is good for them eg $10bn deal flow at 1% = $100m. HAVENT SEEN EVEN 1 BAG FOR SOME TIME in AIM stocks.

[Hole 25, SE Anomaly, Racecourse] Wed, 10.11.21

[the count of monte_cristo] 10/11/2021 01:12

An example of what can happen when a discovery gets bigger and BIGGER. Today Chalice mining popped above a 3 billion Aussie dollar market cap on the back of it's outstanding mineral resource update. Have a look at the 2 year share price history of Chalice:)

[the count of monte_cristo] 10/11/2021 01:09

lurker5 - what charts? I think you are confusing me with another poster, just like you confuse a lot of things on here, moron.

[papillon] 10/11/2021 00:50

Where's Asitis when you want him? He's back under cover again. He only ventures out when the XTR share price goes down! 🤣🤣🤣🤣9315;🤣

[papillon] 10/11/2021 00:24

Just listened to the podcast. It sounds, from what CB said, that it's an ABSOLUTELY AWESOME copper discovery! Hats off to TCofMC and TD and the many others, such as iceberg, who have predicted this for some time.

I can see see the XTR share price getting to the requisite Mkt Cap size where institutional investors start buying.

I did originally think PXC would be a better bet than XTR, but I've since changed my mind.

[gozo] 09/11/2021 21:53

Great interview

[lurker5] 09/11/2021 21:10

AS ever, overnight or early trading gives a reliable heads up to a good drilling RNS later in the day. Better than the Count's charts I'd wager. And many thanks to whoever it is in the drilling team, or in the RNS team !

[denjon] 09/11/2021 21:04

Just listened to the podcast. Absolutely an eye opener. CB has clearly no doubt that this is a world class mega discovery and should command a very large premium whenever it is sold. I would be amazed if the share price is not 10p by end of this December, if not before. AA must feel under pressure to start negotiations sooner rather than later. I wonder how many major companies are waiting in the sidelines for the chance of making an offer in the event AA doesn't? CB has previously indicated he is aware of a number of them being interested.

Looking forward with increasing confidence to a more than satisfactory outcome to this mining enterprise for all us investors.

[brasso3] 09/11/2021 20:43

CB on form there!!!

"Geewiz"!

[all in eol] 09/11/2021 20:23

Do we need to lay on extra buses?

[avsome1968] 09/11/2021 20:22

Been out most of the day looks like XTR have been busy, great podcast can see this pushing to double digits soon.