Xtract Resources Share Discussion Threads

[arcadian] 31/1/2022 15:08

Now I know why we missed you.

[the count of monte_cristo] 31/1/2022 14:44

lurker5, you sound like a fella who is already in retirement:) CB has already put all of this to bed. He sold Kiwara a decade ago after 18 months, going from nothing to a large world class resource and then selling to FQM, listen to his interviews and he will explain and answer your "concerns". No farm in's or any of that bs, it's a sale, either to AA or someone else, like say Freeport McMoran who have the adjacent licenses next to us are are hunting for elephants in the Lachlan Fold belt. If we are sitting on the next Cadia-Ridgeway, everyone is going to want it, and they will pay to get it. No need to do a SOLG and waste a decade to basically go nowhere, it's the mistake many explorers make, the management have delusions of grandeur and think they can and should be the ones to take their discovery through to production, even when they know or at least should know, that they will never get the financing to be able to do it. CB has a very clear strategy, he has done it before and I am backing him to do it again except this time for double what he sold Kiwara.

[lurker5] 31/1/2022 14:32

No one seems worried that with the current drilling programme any resource is going to be only inferred and maybe some indicated if lucky. Market values for low category resources are substantially less than for better category, but which latter requires considerably more drilling. I've said before I hope CB isn't driven by retirement to throw away the value that could come through more extensive, albeit expensive and longer drawn out, exploration. And its not outside the bounds of possibility that AA, if interested, would offer a farm-in instead of an outright purchase. While that would provide some lift to the share price, it wouldn't be as much as an outright buy. AA after all has to avoid taking on risk (why it would offer only a low price if too soon to be sure whats there) which is why farm-ins are so common. But they have their risks for the original owner too.

[smraynot] 31/1/2022 14:31

Could test 6p before close, CB is a magician when it comes to business acumen. Happy days.🚀

[picardy] 31/1/2022 14:21

Starts getting interesting, this one.

[jjb71uk] 31/1/2022 13:15

They will take 400k off me atm. Been some time since I could dummy sell that many:

Sell 400000 XTR - XTRACT RESOURCES ORD GBP0.0002 at a price of 5.6004p

[steve4077] 31/1/2022 12:28

When the price is going up, small trades at or close to official Ask usually means a shortage of shares. Also, the bid is continuing to creep up, which is another indication of the same. Either the MMs will need to move the Ask up, or someone will put through a larger trade at market best to move the apparent blockage.

[papillon] 31/1/2022 12:19

All small trades so far today. Nothing above £10k. Does that mean the big selling has dried up? If so, that sounds positive for the share price

[papillon] 31/1/2022 12:13

Yes, 2603, the share price needs to rise above 6p and then the January 2021 high before we start anticipating the likely sale price of Bushranger.

[2603] 31/1/2022 12:08

It makes me laugh how people can talk about such amounts when it’s struggling to get into double figures.

[2603] 31/1/2022 12:08

It makes me laugh how people can talk about such amounts when it’s struggling to get into double figures.

[arcadian] 31/1/2022 11:18

I think that you should listen again to the last interview with ZAK when it seems to me that they were talking/hinting 1 billion (US$)? dollars but much of that will hang on how Ascot shapes up.





Apologies--- the 88p seems about right although the range is Ascot dependent.

[backtothesoil] 31/1/2022 11:04

"Taking into a account some of the things CB has said in that interview, I think we will see a sale for between 500m to a billion USD (44p to 88p a share) just my opinion."
Count, this post from you really got the juices flowing. I have 1.8m at 2.2p of these and having listened to every podcast and read every rns have set my expectations at 25p.
I really hope you're right and I'm wrong. Thanks for all your posts.

[the count of monte_cristo] 31/1/2022 10:21

Yes, it's all going to happen this year.

[denjon] 31/1/2022 10:17

So in as little as 4 months time AA may have to make a decision and our years of waiting will be over (hopefully).

[arcadian] 31/1/2022 09:57

That`s more than me but times change.

At present it would be cheaper to buy XTR than Bushranger and that`s why CB wants the M. Cap. to improve. I expect that the sale price will be a just over $1bill possibly more is Ascot exceeds current expectations. In sterling that would be about
£1 which I appreciate is a bit more than Count`s figures unless that is they are talking OZ dollars which would align our expectations.

[the count of monte_cristo] 31/1/2022 09:54

Thanks Arcadian. Good to have you posting on here pngaseF, much more to come here this year:)

[pngasef] 31/1/2022 09:32

I bought a few more this morning and now hold just over 0.1% of the company. Happy to hold for the long term. GLA.

[arcadian] 31/1/2022 09:30

Count

Glad you are back and in good form.

[picardy] 31/1/2022 09:27

That's why we need a couple of notifiable holders, I don't care whether they are physical or institutional buyers. Remember that we are at the same levels as the placing last year, never mind the train of continuous good news and substantial de-risking in-between.

[the count of monte_cristo] 31/1/2022 09:06

He is probably still buying. Taking the shares from the weaker hands who lack patience and don't really understand copper porphyries.

[denjon] 31/1/2022 09:06

Perhaps Mr Terry's top up has stirred some interest among other market watchers with deep pockets. Good to see his belief and optimism in the company.

[aimmafia] 31/1/2022 09:03

If you have not checked out #cgo then you are missing a massive opportunity - I called #ben at 13p and its now 40p - CGO is just 6p now and will be multiples higher in a matter of weeks / months.Contango holdings will be producing met coal in just 60 days!! - up to 800% upside in just 2 months - production starts in less than 60 days. CEO said last year in March earnings would be $12m PA on our met coal asset and that was before coal TREBLED in price. When we start production in 60 days Cgo will have earnings of up to £30m PA with just our coal assets which will take us up to £200m Market cap. So around 50p share price on coal alone without coke batteries!!! We have enough coal to run for centuries!! Around 1.6 billion tonnes of coking coal!!This is not including income from our Coking batteries which are starting to be installed in April this year! We also have our gold assets which are not even factored in!!Incredible value here! You have seen what Ben's creek did, now it's time for #cgo to do the same. Now is the time to buy. Buy at the bottom and watch this rise.

[the count of monte_cristo] 31/1/2022 09:02

Avsome1968 - What country is AMC in again?:) Where is it in that country? Is it really close to infrastructure like their management say it is? How much will the mine cost to build? etc.