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XTR Xtract Resources Plc

0.85
0.00 (0.00%)
Last Updated: 08:00:23
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Xtract Resources Plc LSE:XTR London Ordinary Share GB00BYSX2795 ORD 0.02P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.85 0.80 0.90 0.85 0.85 0.85 780,461 08:00:23
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Gold Ores 2.81M -1.83M -0.0021 -4.05 7.28M
Xtract Resources Plc is listed in the Gold Ores sector of the London Stock Exchange with ticker XTR. The last closing price for Xtract Resources was 0.85p. Over the last year, Xtract Resources shares have traded in a share price range of 0.85p to 2.35p.

Xtract Resources currently has 856,375,115 shares in issue. The market capitalisation of Xtract Resources is £7.28 million. Xtract Resources has a price to earnings ratio (PE ratio) of -4.05.

Xtract Resources Share Discussion Threads

Showing 5451 to 5475 of 9175 messages
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DateSubjectAuthorDiscuss
22/1/2022
17:53
Why do you institutional investors as a 'good' thing. Are they necessary in the run up to a sale? It seems that raising funds from shareholders is likely not to be required, for one thing.
zero matrix
22/1/2022
17:34
There are lots of facts and there will be more before April. They also invest in people and track records. My money is on CB.
arcadian
22/1/2022
17:25
My assumption, based only on my limited knowledge of how institutional investing operates, is that XTR would simply not fit into their guidelines as to the characteristics of what they buy for their portfolios. They need to demonstrate solid fundamentals, not splash out on penny sticks with a good story. They are not speculators.
zero matrix
22/1/2022
16:41
I`m glad I didn`t go beyond 2x4 = 8 then.

I think though that if CB keeps firming up with more drill holes at Ascot and more at Racecourse a figure of 1-2 MT is possible so that even at .25% and $10k copper we will definitely be off to the races and I will retire. With such potential, quantities and values CB will be in a very strong bargaining position and I think he is looking forward to the fray.

One thing doesn`t seem right though is that we have not attracted big institutions and I wonder why. I`m surprised the BRWM hasn`t nibbled. Any thoughts???

arcadian
22/1/2022
13:27
'"Because of their large volume, porphyry orebodies can be economic from copper concentrations as low as 0.15% copper and can have economic amounts of by-products such as molybdenum, silver, and gold. In some mines, those metals are the main product."

Via LSE and exactly what we are finding in Ascot! - From memory, I think the lowest grades we have seen is around .25 Highest ~.75. For sure, both Racecourse and Ascot are commercial....

jjb71uk
22/1/2022
13:23
simple maths - I have a PhD in Engineering, I don't need a lecture from you Lurker.....
jjb71uk
22/1/2022
05:06
Look at the expiration dates for the top 5 copper mines in Australia, some will extend their mine lives through expensive investments. Three of the top 5 copper mines are due to close in the next 10 years, with two of those due to close middle of this decade, something the owners will be acutely aware of. The majors are on a never ending search to replenish resources. The Mount Isa Copper Mine is now 100 years old.
the count of monte_cristo
22/1/2022
02:16
I'm awaiting the updated version of the mining study for Racecourse, due once the P2 drilling and assays are all in. All the details will be explained by the company, happy to sit back and wait with the understanding that the next mine update will be based on a significantly larger resource of say 500-700mt.

Plus it may well contain Ascot as another option of what the plan would look like with a combined Racecourse and Ascot.

Note that even on this mining study, based just on the 71mt, 2012 JORC, the conceptual open pit mine would be a 25,000 oz p/a gold producer. One can only speculate at how this will ultimately end up once we have the updated Racecourse information and then add on Ascot which is looking like it has significantly higher gold grades.

the count of monte_cristo
21/1/2022
21:15
I think you need to educate yourself on simple maths Mr jjb ! And as for the homogeneity of a porphyry I suggest you read a technical report - eg Solgold's Alpala.
lurker5
21/1/2022
19:19
It doesn't matter if the volumes are infinite. If the grades are low, the cost per tonne of extracting will still be high, and that's what will depress value as a % of 'value' in the ground. They'll be higher still the deeper the deposit too. I'm sure the Count can come up with % in the ground prices paid in the past, together with other relevant factors such as outlook for commodity price at the time, nearness to existing plant, market appetite, buyer's 'need' to fill capacity, availability of project finance. etc etc ?
lurker5
21/1/2022
17:00
lurker5

As Count has pointed out its about the amounts there and we don`t know that yet which is why Ascot is so exciting including the gold..

PS

Grades
2z4 = 8 4x2=8 I do agree that the recovery cost will be more in the latter case but we still await the quantity details and totals which together with the gold will affect AA `s appetite and the deal Colin can do.

arcadian
21/1/2022
15:57
No breakout today!
I'm the kiss of death. I'm a contra indicator! If I buy, then sell and vice versa. 🤣🤣

papillon
21/1/2022
15:39
No way 10% of in ground value. Grades much too low.
lurker5
21/1/2022
13:07
Picardy, not really worth doing that right now because we need to understand Ascot more. Once we get more drill and assay results we will all have a better understanding.
the count of monte_cristo
21/1/2022
12:42
Count

I was not doubting your observations just amazed at the financial implications of selling it for even 10% of today`s copper value.

arcadian
21/1/2022
12:24
The Count, did you ever compare XTR's Bushranger to GGP's Havieron? I see you draw comparisons with various other developments, was just wondering if we can compare ourselves to Havieron at any level. Many thanks
picardy
21/1/2022
12:15
Well, actually it's from the following three things which we all know about;

1) It's in the slide from the Oct 21 presentation :)
2) CB has mentioned it in his interviews, I recall
3) We already know Racecourse is heading for 500-700mt so if Ascot is equally as large or larger we will be well over the 1bt mark

It's going to be end up as a very large project and mine.

the count of monte_cristo
21/1/2022
11:46
Count

Your 1 billion at .25% is mind blowing. No wonder people are buying. Much of the calculation/ bargaining will be done in 2022. All we have to do is hold and wait

arcadian
21/1/2022
10:48
"If we break 6p it could be blue sky"

Not for some holders, TCofMC! I was reading the lse bb yesterday and there were still holders from the old O&G days who would need 45p and 60p to break even!!

papillon
21/1/2022
10:40
Nice buying, is FOMO beginning to kick in for this one?
picardy
21/1/2022
10:34
If we break 6p it could be blue sky.
the count of monte_cristo
21/1/2022
10:24
A few buys at 6p starting to show. A tad more buys and perhaps today we are through this difficult ceiling (once again)!!?
denjon
21/1/2022
10:20
Indeed I do. Definitely high risk for sure.
the count of monte_cristo
21/1/2022
10:11
O/T Best of luck with the Falklands O&G, TCofMC. Strickly for gamblers only. I remember losing money on Desire Petroleum (DES) Remember them from the late '90's? Went to £5 per share on speculation (the Falklands bubble) before ending up as a penny share.
papillon
21/1/2022
09:59
Yes independently arrived at. They have a VERY short window (8-10 days from memory) to pay up or Colin can start hawking it around to the highest bidder.
qazwsxedc69
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