Xtract Resources Share Discussion Threads

[papillon] 13/1/2022 16:10

There are still sellers around, no doubt stopping any share price rise in the absence of an RNS.
For instance, early this morning 290k was sold. The reporting of that trade was delayed by 2 hours so the lse site has it marked "unknown", though it was definitely a sell going by the spread and other trades at time given. For the trade reporting to be delayed by 2 hours I find strange because it wasn't that big a trade, money wise. There have been 2 other trades since then where reporting has been delayed by 1 hour. A 152,998 share trade and another for 185,200 shares. Not large amounts money wise. Are the MM's filling a large buy order? If only we knew! 😁

[papillon] 13/1/2022 15:48

👍 Will do Arcadian! Though I'd be more than happy with TCofMC's minimum target share price of 40p. £1 a share would be beyond my wildest dreams.
XTR is now my largest holding, money wise, having added again today. I've scaled back on my gas shares as the gas price has dropped back and because the possibility of a windfall tax cannot be discounted.

[arcadian] 13/1/2022 15:16

Hang in there for your share of the $ 20 billion

[papillon] 13/1/2022 13:16

👍. Wow, Twinkle3. Don't get me too excited. Too much excitement at my age could be dangerous for my health!! 🤣 🤣
I hope CB is correct and wasn't exaggerating. Fingers crossed. Any money I make I'll give to my grandchildren.

[the count of monte_cristo] 13/1/2022 09:36

So do I, but people probably might not believe this right now when we are capped at less than 50m GBP:) But things can move quickly, especially when the narrative might become something like this..."the largest copper find in Australia in the last decade or the next Cadia-Ridgeway, which is one of the largest and most competitive mines on the planet"...

[arcadian] 13/1/2022 09:05

Many thanks for the distillation and book recommendation. I think that CB will extract more than your figure in the present climate given the appealing characteristics of Racecourse and Ascot.

[the count of monte_cristo] 13/1/2022 08:53

Yes, I suggest you purchase this and keep it on your shelf. If you are going to invest in exploration and mining stocks and take part in the coming bull market in this sector then this book will help you tremendously and be an active tool you can dip into from time to time. It's one of the more expensive books but if it helps make you a fortune over the next few years you will see it as one of your best investments:)

[arcadian] 13/1/2022 08:41

So my $ 20 billion was a bit on the high side.

[the count of monte_cristo] 13/1/2022 08:31

Half a billion dollars, which is around 40p

[arcadian] 13/1/2022 08:19

So what do you think it ( Race and Asc) is worth as we enter the AA era?

[the count of monte_cristo] 13/1/2022 08:01

As Buffett says, you only actually need to be right a few times to make inordinate returns on your capital. As we all know these bull markets come in cycles, during a really strong bull run in commodities the returns on some of the exploration stocks can be exceptional, life changing returns are quite possible. I also note that quite often when a stock goes on a run, it might make you most of your paper gains during quite a short time frame. So, you can be a holder of a stock for 2 years, let's say, but the majority of the paper wealth is made within say a 2 month time frame. Need look no further than what happened from Dec 2020 to Feb 2021 in XTR to explain what I mean. I think some of the resource stocks are going to make tremendous returns, especially some of these bombed out precious metals stocks. Some of them are now ridiculously cheap.

[the count of monte_cristo] 13/1/2022 07:43

If the history of the resource industry over the past 100 years has taught me anything, it's that during a bull run in copper (or any commodity) to make truly spectacular gains, what you want is to be holding a small cap exploration stock which is sitting on a potentially world class copper asset, but has yet to be recognized by the market:)

[papillon] 13/1/2022 00:02

12-Jan-22 16:22:10 5.56 210,593 Unknown* 11.71k O
11-Jan-22 09:13:52 5.49 500,000 Unknown* 27.45k O
11-Jan-22 09:23:12 5.40 1,000,000 Unknown* 54.00k O
11-Jan-22 09:23:48 5.5999 547,152 Unknown* 30.64k O

Some big "unknown" trades reported after the market closed at 4:30pm
3 very big ones from early Tuesday morning, 11th January. The 1m trade looks to have been a sell, but the other 2 could have been buys?

PS re ARCM avsome1968. I'm not yet convinced that ARCM "has broken out" bwtfdik?

[the diddymen] 12/1/2022 21:04

Arcadian, as has been pointed out Invoice value is not profit. The figures however give an indication of the size and complexity of the project just on Racecourse. Clearly XTR do not have the capacity to undertake this work and that is why it will be sold.

[zero matrix] 12/1/2022 20:09

If you bought 2 MT of copper but it was in rock, in the ground, you would need to factor in the cost of digging it up and turning that rock into one pile of waste and one pile of copper. Plus factor in a profit. You wouldnt operate a mine on a break even basis.

I think the variations in the price of copper on world markets must influence the attractiveness of extracting it, but the influence of the price will hold less weight than the desirability of 'owning' a producing resource.

[arcadian] 12/1/2022 19:42

Should make it easier to sell Racecourse and Ascot. Might just wake AA

PS Does 2 MTons plus at $10000 per ton really make the asset worth $20 billion?

If so I can see why The Count bought more today.

[picardy] 12/1/2022 18:36

Nice rise in copper, should help to underpin the support at current levels. The upside is enormous.

[avsome1968] 12/1/2022 18:15

Papillon

You might be right, avsome1968 and ARCM may have bottomed. I'm not yet convinced. However, for your sake, I hope it has bottomed and starts to climb again. I wish you ATB and hope you are soon in profit on your investment

Looks like ARCM broke out today ?

[arcadian] 12/1/2022 17:11

Hence the ANTO rise with its dance partner CAML although the later had some relief/recovery buying. Even Solg rose.

[papillon] 12/1/2022 16:56

Big rise for copper today. Currently up 3.6%. A big daily rise for a base metal.