Xtract Resources Share Discussion Threads

[asitis] 08/12/2021 17:03

Steve4077 > The presentation which is on the XTR website and was produced for investors says "ie" !
Perhaps after the drills showed that XTR cannot meet the 450 Million Tons at 0.45% to give 2 million Tons copper it suits some to change "ie" to "eg" as your quoting the later "eg" proves ?
It is not me that has changed anything. I am quoting the publication on the xtr website !

Here it is (Papillon perhaps you read it and then apologise) >

Anglo Buy-Back Option To Monetise Project Value
Racecourse Deposit - EL 5574
1. EL5574 was purchased 100% by ProspectOre from Anglo American (“AA”) via a Sale and Purchase
Agreement
2. AA have a “buy-back̶1; opportunity, giving ProspectOre a mechanism to monetise exploration success:
a) If a deposit of greater than 2M tons of contained CuEq (i.e. 450Mt @ 0.45% CuEq) is ultimately identified. AA
may buy-back 80% of the deposit at fair market value as determined by an independent expert in accordance
with the JORC and Valmin Code. Parties are to then pro-rata fund to maintain 80/20 or ProspectOre may dilute
which ultimately ends with ProspectOre retaining a 0.75% NSR
b) If a “Decision to Mine” is taken by ProspectOre prior to the identification of a 2M ton contained CuEq resource,
AA also have an opportunity to exercise the buy-back
c) AA have a once only opportunity (before it falls away) to exercise the 80% buy-back whether the opportunity
comes through the discovery of 2M tons of contained CuEq or a decision to mine.
d) If AA does not exercise the buy-back and ProspectOre ultimately develops a mine, ProspectOre would have a
100% project interest less 3.5% NSR royalties and a $7.5M development payment to historic holders (which
includes AA)

[papillon] 08/12/2021 16:41

I have Asitis on filter Steve, but to change e.g. to i.e. to suit his narrative is truly awful. It shows the depths that Asitis will sink to in order to suit his argument. He really is beyond the pale; a lying scumbag who needs to crawl back into the gutter from which he emerged. Asitis really is a disgusting individual. He has shown by this lying episode that he's beneath contempt.

[asitis] 08/12/2021 14:55

FTAO some lse posters.

From the XTR website.
>>If a deposit of greater than 2M tons of contained CuEq (i.e. 450Mt @ 0.45% CuEq) is ultimately identified. AA may buy-back 80% of the deposit at fair market value as determined by an independent expert in accordance with the JORC and Valmin Code. Parties are to then pro-rata fund to maintain 80/20 or ProspectOre may dilute
which ultimately ends with ProspectOre retaining a 0.75% NSR <<

That sounds like a requirement and NOT an example, probably because AA would not want to dig up half of australia for their 2 million Tons.
ie > "that is"
eg > "for example"

[papillon] 08/12/2021 09:18

Just bought some XTR back on the hunch there could be an RNS imminent today.

[papillon] 08/12/2021 09:17

Just bought some XTR back on the hunch there could be an RNS imminent today.

[papillon] 07/12/2021 23:00

History repeating itself. 2008 all over again?





I bought more GPM and SQZ today as well as selling some XTR. Have I made a mistake? Possibly. Just a hunch on my part. I accept I could be wrong. Still my money, my decision.

[papillon] 07/12/2021 21:12

I'm lazy, Divmad and have let GPM do my gold and precious metals miners stake building. To my mind it makes sense because most of the companies that GPM invest in are listed in North America and Australia and not in London. Also GPM currently trades at a 20%+ discount to NAV. Last year when the gold price was rapidly increasing that discount narrowed significantly and even went to a small premium.

[tedgar] 07/12/2021 20:33

Asitis are you all there?

[guyshelby] 07/12/2021 19:52

Will take a look at GPM pap I’m looking to re-balance.

[divmad] 07/12/2021 19:10

I was going to say, PM shares should be in your crossbows for 2022, Papillon. I have built up a mini portfolio of them in AIM and the lse, for a mixture of high yield and some more speculative exploration companies.

[asitis] 07/12/2021 19:08

2 million Tons from low grade rock without a measured JORC is worth very little. Around 10% of the value of that 2million Tons. The buy out price probably about 1% of that. About half of todays share price

[papillon] 07/12/2021 18:18

I've bought more GPM today, Divmad, as gold is always viewed by investors as a safe haven in times of trouble and Russia invading Ukraine (and China invading Taiwan) is a very real possibility. Also we have no idea of how strong the response of the USA (and that of Europe) would be. Hopefully both Russia and China are just flexing their muscles.
Worrying times. How will the sp's of speculative shares behave in a worst case scenario? Something the charts cannot predict.

[papillon] 07/12/2021 18:08

Of course, GuyShelby, any Russian invasion of Ukraine (and Chinese invasion of Taiwan) could have serious implications for share prices especially as we have no idea of how strong the USA response will be. That's why my largest holding by far is GPM as gold is always viewed as a safe haven in times of trouble.

[guyshelby] 07/12/2021 17:39

Unfortunately, the market has not been informed either way yet, so how would they know. We are still in the early stages of discovery. Drop has little to do with the fundamentals, it will bounce off 4-6p until all data is collated into the resource model when assays are back, and or when JORC is updated feb/mar/ apr?? So until we have a confirmed resource package to offer them it is unlikely the market will know until the company approach AA.
Difficult to guess how the resource estimate due anytime will go down.
If AA did not want a mine in the region then I’m sure Newcrest would as would other majors.

[goforgold1] 07/12/2021 17:35

Not far off my 4p target . Most miners at moment are in a down trend as well .

[divmad] 07/12/2021 17:08

If you pick the right sector, you will get the right technical analysis set up. Simple. Kist and Sqz have been in the zone all year.

[papillon] 07/12/2021 16:21

Whilst my so called charting skills have failed with XTR, p5tvr, you'll no doubt be pleased to learn that they have served me well with KIST and SQZ in 2021. Perhaps they are better suited for those companies with a revenue stream rather than explorers? Probably! 🤣

[asitis] 07/12/2021 13:05

If AA were interested the share price would not be tanking.

[papillon] 07/12/2021 12:27

Unfortunately, Picardy, history has a habit of repeating itself. Look at the 6 month XTR chart. The share price keeps going back to the 200 day EMA and often drops below it, though temporarily.
Zero Matrix posted last week that the Heikin-Ashi candlestick had turned positive; well today it has turned negative.
Of course the XTR sp, as an explorer, is SOLELY driven by news and the markets perception of that news. We eagerly await the next news and what the market will make of it.

[picardy] 07/12/2021 11:32

The share price is getting beyond ridiculous now...