Xtract Resources Share Discussion Threads

[the diddymen] 30/12/2021 21:10

GS, I think that it was part of trying to establish the extension of Racecourse to the South East

[guyshelby] 30/12/2021 19:36

There was evidence of a possible new porphyry intrusion below the main body of racecourse a while back. The team were not certain, as it could be a sheared zone.
Do we know if this is the target they are hoping to or are drilling?
Will start trawling through the RNS’s unless somebody can recall where or what?

Edit - was completion hole 14 into Ascot as it is known now.
Going mad!

[papillon] 30/12/2021 18:06

Does the rise just before the close, TD, signal an RNS first thing tomorrow morning? Only the same kind of rise happened to the GLR share price yesterday, just before the close and lo and behold there was a 7am RNS.

[the diddymen] 30/12/2021 15:32

Trading is firmer than you would expect.

[papillon] 30/12/2021 12:25

The following link has been posted on the PXC bb by soulsauce



It's very bullish on copper.

[the count of monte_cristo] 30/12/2021 12:02

Thanks to Skipper on the GLR bb.

Interview with Zac Mir:

Nothing on XTR but interesting commentary on copper.

[the count of monte_cristo] 30/12/2021 11:11

Shouldn't be too long to wait now before we receive the Ascot assay results as well as the additional very exciting news on the "new hole to test another geophysical anomaly SEPARATE from Racecourse and Ascot" progress.

09 December 2021

Colin Bird, Executive Chairman said: "This is an exciting new discovery, and the team should be complimented for making such a discovery in an established geological setting. Based on preliminary logging and subject to laboratory assays, holes BRDD-21-033 and 035 represent two very meaningful intersections, similar to the main Racecourse deposit. 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. We have also commenced a new hole to test another geophysical anomaly separate from Racecourse and Ascot."

[the count of monte_cristo] 30/12/2021 10:01

Decent news over at GLR, again CB using his network and contacts to focus GLR on copper projects.

[the diddymen] 30/12/2021 09:20

Historically the interviews have coincided with new drill developments. If correct will this one be in the same genre or is it a 'welcome to 2022' with no new news?

[buzzarn] 30/12/2021 08:15

I hear that a new Colin interview has been recorded and that it is a corker! Should be released in the next few days.

[the count of monte_cristo] 30/12/2021 01:26

AA, along with nearly all the majors, have so much cash they have been giving cash back to shareholders with special dividends, billions of $. They will eventually start spending these vast amounts of cash on acquiring resources as the majors are on a never ending search to replace their reserves. I foresee a very exciting period in the coming years where the takeovers become more common and at ever escalating prices for resources in the ground, because this is what happened over a decade ago except this time the copper story and hunger for resources is much stronger.

The shareholders expectations for AA will be that they focus on the green energy future resources, such as copper, of which AA has no active copper mine in Australia. To think that they would simply walk away from a potential tier 1 copper mine in it's own back garden in Australia when they are actively searching the world for copper projects!

CB previously worked for AA as a coal manager in the UK.

[the diddymen] 29/12/2021 22:53

Lurker5 - I sort of agree with you hence the nil loss/nil gain comment,but large corporates and analysts do look at these figures. It gives them perspective/relativism on their risk (one key element of which will be substantially lower in Australia.)

[lurker5] 29/12/2021 18:50

Diddy. The cost of capital will only be relevant if AA needs to raise funds to buy Bushranger. If it already has the cash it doesn't matter. Its overriding consideration will be does it need BR to fll its long term plans and its shareholders' expectations ? - which fluctuate iaw all sorts of exernal 'events'.

[papillon] 29/12/2021 18:34

I had to look WACC up, TD. Sometimes ignorance is bliss! 😁

[papillon] 29/12/2021 18:25

A time to buy, like in early September? I think so, bwtfdlk?

free stock charts from uk.advfn.com

[the count of monte_cristo] 29/12/2021 10:26

Smart companies picking up cheap assets during downphases positioning themselves for future growth and the strong demand in copper for this decade. Sandfire are a nimble company. Just like XTR when they picked up the Bushranger project for pennys on the dollar because nobody was interested in copper projects then:)

[lurker5] 29/12/2021 09:05

Thanks for Sandfire Count ! Interesting - but disturbing - that Matsa - having developed a 'world-class' mine over 15 strenouous years - could only sell for about what it had spent - and adjusting for inflation much less. All too common in mining unfortunately.

[the count of monte_cristo] 29/12/2021 02:20

Sandfire Resources, Presentation 26 November 2021

[guyshelby] 27/12/2021 17:18

Agree Count “when things really get going” With the silly season almost over, global trade will settle into the new year already giving some relief to the maritime cargo log jams at some of the worlds big ports in US and china particularly. There have been more than usual, with record numbers of vessels carrying concentrates waiting at California ports. Mid December at one port there was 94 vessels including containers, waiting to dock. The former suggests the subdued metals market we are seeing, will turn bullish soon. I read somewhere that Chinese smelters and producers are under pressure to cut emissions, so reduced demand for concentrate is partly causing their log jams. This must have to change soon, when global demand for processed metals particularly copper start to increase beyond supplies. Even china will be p1ssing in the wind trying to manipulate the copper space.
With news on Manica hard rock income, the conceptual pit resource model and assays from Ascot, all expected in Q1. If, that all coincides with metals turning bullish again when supply chains ease, there is more economic stability and covid matters are under control, it should be a good new year for xtract’s patient shareholders. The way I see it, It will be a case of just when in 2022, not if.

[the count of monte_cristo] 27/12/2021 08:34

OT - If you like the gold story for 2022 and beyond, PUR and RSG are very, very cheap right now. I have been buying PUR, need to free up some cash to get some RSG as a buy and hold. It's my opinion that both have now bottomed, take a look at the long term charts for both. Also, keep an eye on PANR, if they prove up what they think they have that stock is going to go to the moon in 2022, IMHO.

[the count of monte_cristo] 27/12/2021 08:21

When things really get going projects like Bushranger are going to be worth a serious amount of money. Just have to wait this out and enjoy the journey in 2022.

[the count of monte_cristo] 27/12/2021 08:19

Strategic Report – Chairman’s Report

....Uncertainty generally brings extreme caution, but your Board remains of the view, that the opportunities presented by the global warming prevention requirements are
tantamount to an industrial revolution and that copper will become the oil of the early 1970s. Against all this we remain motivated to increase our copper portfolio to be in the right place when the acquisition frenzy inevitably commences, which we expect to be during 2023.

[the count of monte_cristo] 27/12/2021 08:14

Good post Guy. @ODR, I am sure that present will deliver in 2022.