Xtract Resources Share Discussion Threads

[pngasef] 08/2/2022 07:40

Good morning COMC, I enjoy your input on this board. Out of interest, and in addition to PANR, what other companies are you following at the moment?

[gozo] 08/2/2022 07:33

Nice one ToCM.PANR could easily treble from where it is now just based on news flow alone.I do remember hearing CB state that copper is the / and will be the new oil.GL : )

[the count of monte_cristo] 08/2/2022 02:21

Thanks for that Paps, that's nice of you. I do hope some folks researched and then picked up some PANR shares a few months back. If they can prove up Theta West the stock will become the most exciting and talked about company this year on the entire LSE, at 1.2 billion barrels of recoverable onshore oil, next to the Trans Alaskan Pipeline it is a big deal. I would love to say XTR would be, but people love oil more and Alaska and Prudhoe Bay have a lot of history with the oil industry. Also, like with copper we aren't finding large deposits anymore and when we do they are in very remote and expensive regions with sometimes big political and environmental obstacles.

Paps, yes, PANR are potentially sitting on one of the largest oil finds in North America in a world where oil is now over 90 USD a barrel. Their management are ageing, the boss is in his 70s and has explained his companies strategy. Prove up this massive resource and then sell it for mega money to a major. Now, does that remined you and anyone else of another company? Lol.

Rather than a "tip" I would prefer a motivation to research a company. I have researched the Alaskan oil fields and prospects in detail, as I have here. They are both small companies proving up massive resources with management teams who are long in the tooth and don't have delusions of grandeur to build a major, rather they want to prove up and sell to a major. They deeply understand what they are doing and have a clear strategy, albeit one which is flexible should they find something bigger than expected.

[the count of monte_cristo] 08/2/2022 02:16

"If I'm correct, that means AA might offer for Racecourse but doesn't have to offer for Ascot and Footrot, leaving open the possibilities I described for a much broader (and more valuable) scenario, seemingly not envisaged by CB in his 'podcasts'".

Wow you are so clever with your imaginative posts about CB not envisaging things, lol. As explained many times now, and as CB has explained, no major will want just a part of it. They will want it all and will pay for it, it's very simple to grasp.

Many posters on here have also tried to explain this to you, the bigger it gets the more they will have to pay for it, hence why we all get excited when we start hearing news about the mineralization between Racecourse and Ascot or Ascot having better grades than Racecourse. CB has also explained in his podcasts and interviews about how any deal might look and also about how the EL5574 license would be sold and what is contained in it. It's all going to be sold and it's going to go for a lot of money. So please don't try and claim any credit for being clever now, when we have been discussing this on here for a long time:)

Anglo won't want 80% and neither do we want to retain 20%. We don't want to have to pro-rata fund a 1 billion dollar mine. We want to sell it and cash in and get AA shares, just like with how the KIW deal worked. Yes it says the 80% buy back opportunity, but it's much more likely now that we sell it all. Listen to CB more clearly and you will understand.

[papillon] 08/2/2022 00:26

Good God, I wish I had bought PANR shares. TCofMC tipped them on here a month, or two, ago. I didn't because of previous bad experiences with O&G explorers. Matra (MTA) comes immediately to mind, where I lost an absolute packet over 11 years ago.
Ah well, no good crying over a missed opportunity.

[the diddymen] 07/2/2022 21:32

Lurker plenty of scope for lawters fees, but should be avoided at all costs.

[smraynot] 07/2/2022 21:20

7p+ tomorrow, happy days, weeks, months, ahead to 44p to 88p before AA takeout.🚀

[lurker5] 07/2/2022 21:18

I see gfg has posted an average of 24 a day, 3 an hour, so far this year on a variety of cos he obviously knows nothing about. Obsessive; attention seeking; manic-depressive ? Take your pick.

[lurker5] 07/2/2022 21:08

To continue my theme earlier. This is the wording in the June 2020 RNS re the AA buy-back agreement. Note that while it refers to 'Bushranger' (ie the name of the 'licence' acquired from AA ?) the buy-back specifically refers to 'Racecourse' only. To my mind that means Ascot and Footrot are not covered by it. "Under the terms of the Bushranger Acquisition agreement, if a deposit of greater than 2 million tons of contained Cu equivalent (e.g. 450Mt @ 0.45% Cu equivalent) is ultimately identified, Anglo may buy-back 80% of the Racecourse deposit at fair market value as determined by an Independent Expert in accordance with the JORC and Valmin Code."
If I'm correct, that means AA might offer for Racecourse but doesn't have to offer for Ascot and Footrot, leaving open the possibilities I described for a much broader (and more valuable) scenario, seemingly not envisaged by CB in his 'podcasts'.

[goforgold1] 07/2/2022 20:50

IEnjoy your charts and input to be honest chart does say will hit last years high soon . I would expect another RNS this week my be Thursday again to push us over 8p . Then we are in new. Territory. Which i am looking forward to

[papillon] 07/2/2022 19:36

A 3 month XTR chart showing Heikin-Ashi candlesticks, MACD, 14 day RSI, 10 day, 20 day and 50 day EMA's. Obviously it shows an uptrend. Since I'm not Nostradamus, or Mystic Meg, I'll refrain from making any predictions. I'll leave that to other, more knowledgeable and/or braver posters. However, the long term chart in the header does suggest that the highs of around a year ago are an achievable short term target. 🤞🤞
If last year's high/resistance is broken then it does look very positive for the share price since it is over 5 years since XTR entered that rarefied space.


free stock charts from uk.advfn.com

[2603] 07/2/2022 18:41

GFG you haven't a clue what you are writing about, are you a student or do you work, either way you must irritate so many people. 800m shares are not a lot, I own a couple of Million and I am sure there are hundreds of buyers that own a good amount. I have purchased from 1.5p all the way till today, not like you who buy at 6.5p and sell at 5.5p. then rant and rave oh and not forgetting to mention the 1.25p shares that still need to be sold. Idiot.
This share is going in the right direction and a good consolidation along the way is very healthy. I would like it to test last years high, make a new one and consolidate until the right news comes out.

[pngasef] 07/2/2022 18:39

I now own 0.13% of this company. Might grab more, but probably not. Good luck all.

[goforgold1] 07/2/2022 18:15

I would agree with that . Feels completely different to last year.

[the diddymen] 07/2/2022 18:04

Remember that this time last weel we still could not break through 6p.

This consolidation has a very nice feel and today's graph shows continued strength.

[goforgold1] 07/2/2022 16:50

Sorry but not far off

[papillon] 07/2/2022 16:49

There are NOT billions of XTR shares, goforgold1. It's under 900m. Stick to the facts, buddy!

[jeanesy] 07/2/2022 16:40

Except they have moved up 6.5% today and 17% last week !!

[denjon] 07/2/2022 16:26

+ 0.5p on II.

[goforgold1] 07/2/2022 16:26

Only 300,000 million shares not billions like here that's why the price is not moving

[goforgold1] 07/2/2022 16:25

Idiots make money CGO flying

[goforgold1] 07/2/2022 16:19

Steady slow move up . I wish those 1.25p shares would finish its really holding this companies price down .

[picardy] 07/2/2022 16:16

Breaking 7p tomorrow is my prediction. Any good news on Ascot or other holes and this can really fly - very biased to the upside now.

[oliversydney] 07/2/2022 15:48

I agree with papillon as I have been an investor at all those stages and this is the last chance saloon for me and counting on Colin to make up all my losses and even be in front

[denjon] 07/2/2022 15:40

After waiting months and months to get to 6p I'm finding it difficult to cope with approaching 7p. Need to lie down for a bit and readjust to my increasing wealth and affluence :)