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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
  -0.05 -0.94% 5.25 5.20 5.30 5.30 5.25 5.30 1,374,389 16:20:37
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 1.4 -1.1 -0.3 - 44

Xtract Resources Share Discussion Threads

Showing 5851 to 5874 of 6500 messages
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DateSubjectAuthorDiscuss
24/3/2021
19:24
sportbilly1976 Per Mr John Cornford, Mining Analyst, Master Investors who covered XTR*s Bushranger from much earlier, he said that "fair value" based on a conservative figure would be 40p for the 80% AA buy out option. He gave the mkt cap as well but I dont have this figure with me. However, on London South East, one poster said 100% of Racecourse could come to 50p [based on Cornford*s 40p on 80%] given Mr Colin Bird wants to sell the whole 100%? However, Mr Bird said yesterday in his interview that an INDEPENDENT VALUATION has to be done which will look at M & A recent sales, NPV and risk. That is in the AA specific ie re: Independent Valuation as it is norm. Its fair to both parties given XTR is a listed co and has to have a back-up via an official valuation. Further, if AA is not taking up this option, then it will be OPEN to others and Mr Bird mentioned "NEWCREST - RIO." Newcrest*s Cadia-Ridgeway is a big mine which is a neighbour to XTR*s Racecourse so it makes sense to cart ore from Racecourse to Cadia-Ridgeway, if it is practical. Interestingly, Newcrest is also interested in Greatland*s Havieron for the same reason that it is near TELFER, their big mine? Wed, 24 Mar 2021. DYOR.
jlondon
24/3/2021
17:24
jlondon - and so a read across "fair value" on AA's option would be?
sportbilly1976
24/3/2021
16:28
Boda- the current and latest Edison broker report cites "up to 0.35 g/t." So, joycey1882, the grades at BODA are not increasing but decreasing as Hartley*s earlier report in mid 2020 had higher grades at BODA. Edison*s Dec 2020 broker report cites 11 drills at BODA from their Nov 2020 results. This report is not yet on the Alkane website but it is available and cited on the other forum. Even then, Edison can give an estimate of 700Mt to 2.241 BILLION TONNES at "UP TO 0.35 G/T. 2.241 billion tonnes or even 1bn tons is Tier 1 territory and no wonder why the CEO of BODA in his Jan 2021 RNS/Ann said he thinks they are onto a Tier 1. In similar fashion, XTR*S RACECOURSE IS 1,000M STRIKE X 1,000M DEPTH X 1,000M per Mr Bird, Executive Chairman of XTR in his Sharetalk interviews etc. Edison said in their Dec 2020 report on BODA that the strike had increased to 1,000m from 500m with depth the same as XTR at 1,000m. Edison did not give the width but from previous reports it was 450m width for BODA from recall? XTR*s JORC is 71Mt at 0.44% cu and 0.064g/t au. Hole 1 under XTR drilling is "0.33% cu equivalent." So, given the same dimensions [not sure if BODA*s width has increased to XTR*s 1,000m], then would any reasonable person not conclude that the tonnage at XTR Racecourse is not going to be little? 2Mt is around 440Mt per AA? Racecourse Scoping Study: 0.2% cu copper at US$7,500 per tonne and 0.15% cu copper if at US$10,000 per ton of copper = CUT-OFF GRADE = ECONOMIC. Copper is US$9,000+ currently. Wed, 24.3.21 DYOR.
jlondon
24/3/2021
15:38
Thanks for the slide link, very interesting. I was only citing 650mt based on the first confirmed assay grade of 0.33. If we hit higher grades similar to that of Boda, as that slide pack alludes to, then of course the tonnage will come down.
joycey1882
24/3/2021
15:14
v light volume on that buying still .. wtf have all the buyers gone Notice in general this is weak period across the board on AIM. Might be end of year tax shuffling.
onedayrodders
24/3/2021
15:06
Joycey - I disagree with your figure of 650mt, the reason I disagree is detailed in slide 13, point 2, a. hTTps://xtractresources.com/wp-content/uploads/Bushranger-Summary-Presentation_April-2020.pdf joycey188224 Mar '21 - 08:27 - 1208 of 1226 0 3 0 Lost a bit of momentum at the minute which usually happens when I buy in. We need some estimates of total tonnage at the site to get things moving. To achieve the 2Mt of Cu for AA to consider the buyout we need ~650Mt of rock mineralisation which is nearly 10 times the previous estimate of 71Mt. Im guessing people are cooling off waiting for further results. CB 58k share purchase would suggest e’s confident.
the count of monte_cristo
24/3/2021
15:04
This just needs time for the story to unravel. It's doing what it needs to at this time. I love folks watching every little movement of the share price Chill.
jamesiebabie
24/3/2021
15:04
Nice to see they're on the ball & back onit! No reason to sell just a nice op to top up happy days! Well done CB & co.
chesty1
24/3/2021
15:00
gowlane, yes, but there are a lot of simpletons out there who still do not understand the potential scale of the mineralisation within the licenses, Bushranger and Footrot are not the only potential areas for building up a very large resource. If anyone is interested in making money on this stock, read as much as you can about copper porphyries, IMHO. CB is a good teacher and his interviews are very interesting, not just for XTR but about anything related to copper, mines, geology, economics, production, mineral extraction, rock types, costs of mining, history of mining, etc. I always listen to his interviews at least twice to fully take in what he is saying.
the count of monte_cristo
24/3/2021
14:59
CW is very smart and understands how the market works. He realised the price dropped because investors pulled out, so released RNS to keep us positive.Does not say much about those who chose to sell because of a bit of rain. Suppose I'll never understand people.Nonetheless I'm now even more committed. Keep drilling CB!
redrover321
24/3/2021
14:58
"The hole has now advanced to 333m depth with continuing pyrite, pyrrhotite and traces of chalcopyrite, as reported yesterday, typical of the outer margin of the Racecourse porphyry system" 36m in the past 24 hours then as weather permitted re-start
sportbilly1976
24/3/2021
14:57
People trading the 'restart' news .. clever
onedayrodders
24/3/2021
14:52
Drilling re-started at hole 6! Looks good.
joycey1882
24/3/2021
14:39
BBOOOOMMM TTTIIMMMEE I like a red thumb...Buyers taking hold big time!
chesty1
24/3/2021
14:37
The April 2020 presentation states: “If a deposit of greater than 2M tons of contained CuEq is ultimately identified, AA may buy-back 80% of the deposit at fair market value...” Of course AA can make an offer at any time but this gives them the once off ‘right to acquire’ the Racecourse prospect at a price to be determined. According to the Miriam-Webster online dictionary the word ‘ultimately217; means ‘in the end’ or ‘eventually217;. Surely that means that only when Xtract have finally concluded their appraisal and exploration activities and are satisfied that they have a good idea of what they have got, AA can then decide whether or not to exercise their right to buy it. But not before. Can they really say we want you to stop drilling now in case you find any more copper, we have seen enough and we want to trigger the buyout clause. At least not unless Xtract are happy do do so, otherwise they might say hang on we are not finished drilling yet?
gowlane
24/3/2021
14:24
Colin Bird is a feisty old character, I enjoyed that last recent interview where he chides Zak for suggesting that we might very soon know the full extent of the Bushranger prospect! But has anyone been in touch with him about the legal agreement with AA and in what circumstances the buyout option can be triggered as it seems a bit ambiguous?
gowlane
24/3/2021
14:11
Weather men in NSW now taking a punt.
baggariddim
24/3/2021
13:37
Ticking up again...bring on the red thumb ya muppet! Just go long & enjoy the ride rather than being a weaner! Strong rise coming & this is just the start folks!
chesty1
24/3/2021
13:22
Thanks for this, I did catch the interview yesterday and the sentiment given by CB sounds very positive indeed.I guess my point would be how far 'towards 2Mt' are we at that the moment which, for me, is not obvious and maybe one of the reasons why the share price has cooled over last few days as people cash out in the hope to buy in another day.I'm long at 8p and I intend to see this through
joycey1882
24/3/2021
12:17
bid n ask slowly gaining strength! I think we will see some decent blue soon enough! Edit: Looking strong now! Cheers for the thumbs down ya bell end!
chesty1
24/3/2021
12:06
Answer: @Joycey1882, 24 Mar 2021 [Wed] Perhaps the Colin Bird, Executive Chairman, XTR Racecourse, NSW, Australia*s Interview with Sharetalk yesterday was missed. Mr Bird said: "MOVING TOWARDS 2MT. MADE THE GRADE. AA - OPEN UP BIG WORLD: NEWCREST- RIO." [After RNS update on Hole 6, Racecourse yesterday]. Comment: In the earlier interview [pre-yesterday], Mr Bird said "Attracting MAJOR copper companieS." Yesterdays interview elucidates further that if AA does not want to take up their option, then it will be opened up to the industry namely Newcrest & Rio. Newcrest*s Cadia-Ridgeway is a neighbour and therefore there could be potential to process ore at Cadia-Ridgeway ETC. J.London, Wed, 24 Mar 2021.
jlondon
24/3/2021
10:46
Cannot believe a bit of rain can affect peoples thinking! The copper/gold isn't going anywhere & the drill hasn't been impacted just delayed by a week WOW! absolutely no reason to sell....At this level a huge reason to BUY! imho. NSW weather looks to be easing to drilling into the weekend.
chesty1
24/3/2021
09:48
all in eom..... yes... I am still here... biting my finger nails down to my knuckles.
exile
24/3/2021
09:01
Thanks for cursing us Joycey ;o)
onedayrodders
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