Xtract Resources Share Discussion Threads

[goforgold1] 14/12/2021 07:56

As I have said till all these cheap shares are sold from lock in its only going down. There making a killing 1.25p getting over 5p . There are more tranches as well to unlock to market .. Millions of them at 1.25p

[oliversydney] 14/12/2021 07:50

It looks like the 450000 trade was a trader who bought first thing on a spike and sold out before lunch as realised the share price was heading back down
An expensive mistake by the look of it but presumably did not have funds to take them up !

[papillon] 14/12/2021 01:07

3 large trades from Friday only reported after Monday's close.

905,336 @ 5.80p @ 8.02am
450,000 @ 6.1848p @ 8.06am
450,000 @ 5.625p @ 12.08pm

It looks likely that the 950k was a sell, the first 450k a buy and the second 450k a likely sell.

[jlondon] 14/12/2021 01:04

Xtract Resources - Racecourse, Bushranger, NSW, Australia.
Ascot [S.E Anomaly]

Tweets from Xtract Resources, 9 Dec 2021.

1] " Initial anomaly that led to the identification of Ascot was also as BIG as the one at Racecourse, IF NOT BIGGER."

2] "Ascot, has traces of COPPER mineralisation over 698 metres."

3] "Ascot, a NEW copper DISCOVERY has 110 metres of visible chalco pyrite & phyrohite mineralisation, 1.5km from Racecourse."

Ref: [Xtract Resources, Twitter handle dated 9 Dec 2021]

==
BUSHRANGERS PRESENTATION APR 2020
hxxps://www.xtractresources.com/wp-content/upload/Bushranger-Summary-Presentation_April-2020.pdf

"Pg 10/13 - Shows the "CHARGABILITY" for S.E. Anomaly.

F O O T R O T
Chart also done for Footrot vs Racecourse - more to come.

RACECOURSE-ASCOT- NE/NORTH-FOOTROT [4]

Comment:
As said by Mr Bird, Ascot has confirmed the geophysics etc.

Thanks to buzzarn, John Cornford, Master Investors has commented today, 13.12.21
and said the GRADES is awaited given with enough tonnage....[para phrased].

Hole 35 of the S.E. Anomaly [Ascot] with drill core pics is of interest.

KINROSS has just taken over Great Bear [Dixie gold project] for $1.8bn @40% premium.
Great Bear was due to do their Maiden Resource Statement in 2022 but was taken over BEFORE even a MRE was done.

=M & A news= Takeover BEFORE MRE.

[buzzarn] 13/12/2021 22:18

Article mentioning XTR by John Cornford

[onedayrodders] 13/12/2021 08:27

Copper inventories draining away

[the count of monte_cristo] 13/12/2021 01:39

Thanks for posting the link to the video. Going back to the Thursday RNS, it Might be worth noting the following;

1. "The intention now is to test for up-dip mineralisation and to establish strike direction with a view to building up a further mineral resource at Ascot".

2. "We have also commenced a new hole to test another geophysical anomaly separate from Racecourse and Ascot."

So we have news flow coming on Ascot on the recent drills for their assays, plus news on further drilling and testing and then a mineral resource. Additionally, they are now drilling another anomaly independent from both Racecourse and Ascot, if that is successful then one would expect they may also add a name to this. We could thus end up with Bushranger, Ascot, Footrot and the potential separate anomaly (to be named if successful) by end the of this month. Maybe the market has missed this. The other excellent news from Ascot is that it seems to be openpittable with mineralisation close to surface, but we obviously need assay results to confirm and more drilling.

As we have been discussing on here all year, it is well and truly in the growth phase where the deposit will keep growing as they understand and drill and explore further. All of this will add value when it comes to sale talks next year:)

[guyshelby] 12/12/2021 21:19

Good appraisal TD appears the webinar was recorded on Thursday. Courtesy of good spot from Elia on LSE 20.54

[the diddymen] 12/12/2021 21:12

Managed to post this on the wrong board....

Paps, talking about Ella, on LSE he/she (depending on who you believe) has the following post:

"Having looked at the IP survey vertical slices again I think we may be targeting the shallow red area to the east seen prominently on the third line from the top but it appears to extend to both the north and the south.


It is a good reminder of the info that has been put out. Line 6 intersects the open pit mining on the eastern fringe.

The evidence of the relatively quick location at Ascot (AA never found it) suggests the Bushranger team are able to read into the IP and resistivity and that they should head to the NE suggests more confidence than down in Footrot.

[the diddymen] 12/12/2021 21:05

GS - yes where did that come from? It is actually a useful podcast.

CB touches on the MT of ore. Enough for twenty years at 20MT per year or 400MT. Jeremy Read then adds that they need to get to 450MT at 0.44 to hit the 2MT contained.

It is open to the SW and CB suggests that they will make 2MT contained on Racecourse - but it is irrelevant given Ascot. The team seem excited about Ascot given the intensity of the anomaly - and it is pretty much where Iceberg on LSE predicted a few months back.

The swing to the SW is interesting because that is the 'left hand lung of the chest x-ray.'

The only surprising thing in the interview is that they did not refer to the new hole to the North East (see Ella's speculation).

It does look as if they will wait Q1 2022 to start to put figures to Racecourse, but it would seem sensible to test the left lung before they do that.

Just a guess but they have the cash to start another more significant drilling phase. If they wanted to accelerate the drill they could go for a raise after the full evaluation of Racecourse in Q2 2022.

[guyshelby] 12/12/2021 17:17

That landed under the radar a bit, not even a hint from interview the other day. No ore estimate but again the team seem confident is there with racecourse hinting strongly again. Solid update concentrating on what’s in the ground. Good job team.

[buzzarn] 12/12/2021 16:03

https://www.voxmarkets.co.uk/articles/traders-cafe-with-zak-mir-xtract-resources-webinar-be587a4/

[papillon] 12/12/2021 15:50

👍. I've had a quick look at the ARCM RNS'S and it appears that the drop coincided with AA pulling out of that "major deal". Am I correct?
Glad to see you are well up on XTR and breaking even on ARCM, TheLung. Hopefully ARCM will come good for you.

[thelung] 12/12/2021 12:35

Average price is about 2.3p in both. ARC has had a previous incarnation and the rise to 8p was on expectation of a major deal which still appears to be bubbling away.

[papillon] 12/12/2021 12:30

I know nothing about ARCM, TheLung, but looking back to the share price at the end of 2006/early 2007, when it listed, the share price was the equivalent of circa £7. Not an unusual happening for explorers as the long term chart of XTR shows, which was a catastrophic failure as an oil explorer in it's earlier days.
I notice that the ARCM share price was around 8p earlier this year. Any reason for the big drop, which looks set to continue apart from possible dead cat bounces along the way?

PS hopefully your ARCM loss, on paper, is not large, TheLung.

[thelung] 12/12/2021 11:58

No worries as it'll probably be his grandma next week...but I care being a holder in both

[papillon] 12/12/2021 11:36

It's worth reading the recent posts on the ARCM bb, TD, especially those by fat boy as he seems to be leader of the conspiracy theorists. Have his theories any substance? Who knows; who cares? fatboy obviously does; evidently he's been an ARCM shareholder since before it listed. He reminds me of share_shark, TD.
Fortunately, as you state, TD, Bushranger is situated in Australia, which is politically much more stable than the part of Africa ARCM operates in.

[papillon] 12/12/2021 11:19

I've no idea whether it's his wife, or partner, TheLung. I don't know Colin Bird, or his spouse/partner. I've no doubt that Colin Bird is not whiter than white. He's probably no angel! I'm pretty sure the same can be said of the boss of ARCM. The mining industry must be a cut throat business and to survive and get to the top one has to cut a few corners and maybe a few throats along the way!
If I were an ARCM shareholder (which I have no ambition to become as the chart is absolutely awful) I'd be more worried about the falling share price than Colin Bird and his supposed shenanigans.

[thelung] 12/12/2021 09:15

it's his life partner not his wife ?

[the diddymen] 12/12/2021 08:12

Paps only had a quick look. The narrative is hard to fathom from the first few pages but you get the gist! It underlines the importance of XTR's location in Australia. Colin Bird is clearly a bete noire of the ARCM posters.

[papillon] 12/12/2021 00:41

Well the MACD has turned bullish (both red and blue lines on the MACD chart were below zero when the crossover happened) following Thursday's spike up in the XTR share price Whether that means anything we'll just have to wait and see! Feel free to ignore this chart if you so wish!
I have a gut feeling that the XTR share price is poised to breach that 6p resistance and do so before Christmas. Maybe even within the next week. We shall see.


free stock charts from uk.advfn.com

[papillon] 11/12/2021 23:47

Do read the advfn ARCM bb. It's absolutely hilarious. Whilst the ARCM share price continues to dissappear down the plug hole the majority of the ARCM posters seem more concerned with their conspiracy theories about CB. The latest theory is that the poster Ella10 is actually Colin Bird's younger, glamorous, wife. 😁

[the diddymen] 11/12/2021 20:01

GS - there is the risk that the market sees it as a mark of desperation, which could send the shares into the 4p zone.

I suppose that it makes the point just how careful you have to be as a senior director of a quoted plc. Decisions may seem innocuous but they can have lasting consequences.

Proving up the cash generation of the African operations would help.

Anyway early days post Ascot. Let us see if the market firms in the coming weeks.

[guyshelby] 11/12/2021 19:26

TD it is a strong enough argument you put across in favour of the updated model. I feel it would be of a more professional approach to wait until all the data can be collated into it. Putting a guesstimate out now just smacks of desperation to drive the market cap up to hit investors with a fund raise, potentially having the opposite effect and putting them off.
If CB is to be believed, then a further raise is not on the cards, the cash flow projections should see out with Manica income looking positive, plus the other assets. I’m not naive in thinking a further raise will not be necessary, but with CB suggesting, “The Treasury is adequate for what we’ve got in store for us,” I’ll air on the side of ignorance on needing a raise until we know more.

[papillon] 11/12/2021 17:22

I think it's worth remembering, TD, that the XTR share price has been held back ever since the initial spike up in January of this year by the large overhang of the 100m shares that ProspectOre owners received in late October 2020 following the completion of the Bushranger deal. That spike up back in January must have presented an ideal opportunity to offload into share price strength for a large short term profit. I'm certain that selling into strength has continued right up until now. In fact the share price rise in September and October can be ascribed to the initial ProspectOre shares having already been sold and the depressed share price from the end of October can be ascribed to the fact that millions more shares could be sold following the end of the 12 month lockin period.