Xtract Resources Share Discussion Threads

[flipper67] 20/2/2022 09:06

Pap. I think the gold is looking good. What do you think about copper. Struggling to make new highs and can fall quickly. Colin spoke about a bumpy ride ahead. I am hoping they get Manica into full swing and good results at Ascot and maybe that will keep sentiment up for XTR.

[papillon] 19/2/2022 23:54

Let's hope lots of gold is discovered on (BUSHRANGER'S) ASCOT! I'll be over the Moon if that happens!! Dancing for joy!! 😁



"Looking at the bigger picture, gold has created a significant 12-year cup and handle pattern, which would be completed once the $2100 level has been breached on a monthly closing basis. There are not too many examples of a multi-year cup and handle pattern in the major markets, and investors should understand how bullish this pattern can be when it occurs over a long period of time. The current cup and handle pattern in gold projects to a technically measured upside target of around $3,000."

This comment is from the above article. I've been going on about this bullish Cup & Handle pattern forming on the longer term gold chart for a long time!! I feel vindicated!

[papillon] 19/2/2022 23:52

Let's hope lots of gold is discovered on (BUSHRANGER'S) ASCOT! I'll be over the Moon if that happens!! Dancing for joy!! 😁



"Looking at the bigger picture, gold has created a significant 12-year cup and handle pattern, which would be completed once the $2100 level has been breached on a monthly closing basis. There are not too many examples of a multi-year cup and handle pattern in the major markets, and investors should understand how bullish this pattern can be when it occurs over a long period of time. The current cup and handle pattern in gold projects to a technically measured upside target of around $3,000."

This comment is from the above article. I've been going on about this bullish Cup & Handle pattern forming on the longer term gold chart for a long time!! I feel vindicated!

[papillon] 19/2/2022 16:31

Piperpeter? Filtered. He's been ramping PPC on numerous bb's including this one (Post 5420).

[papillon] 19/2/2022 14:15

Well shareholders did have a say regarding the KIW takeover, lurker5 and they backed CB. However institutions and HNWI's (including CB) held 76% of the KIW shares and they all backed CB. I agree that the big difference this time with XTR is that it is the small shareholders who probably currently hold over 70% of the XTR shares, a fair chunk of them being held by their brokers in nominee a/c's.

[lurker5] 19/2/2022 09:40

Glad to see I've stirred something. Some might like to look closely at the Kiwara deal (below 1% 'in ground' including two other prospective properties) and decide whether they'd really be happy with similar for BR. Difference is shareholders could have the say this time and not just CB

[papillon] 18/2/2022 23:58

David Gruen? Complete dog! 🤣 Idiot! Filtered!

[david gruen] 18/2/2022 23:06

Complete dog. 2p target.

[papillon] 18/2/2022 15:45

advfn, in their infinite wisdom, have seen fit to remove my link.

The article is in the Financial Post

[papillon] 18/2/2022 15:40

[...]

The Barrick CEO is highly critical of other miners overpaying for assets. He's specifically referring to gold miners, but presumably the same arguments he's using also applies to copper and copper/gold miners. He specifically cites the case of Kinross Gold's $1.8m acquisition of Great Bear Resources.

"He was critical of Kinross Gold’s acquisition of Great Bear Resources, saying the $1.8-billion price ascribes a value that would befit a mine with eight million ounces of gold in reserves. But Great Bear has not proven it has any reserves, let alone obtained the permits or agreements with First Nations that would allow it to build a mine.
Great Bear has drilled holes and hit high concentrations of gold, but it remains many steps away from calculating the likely amount of gold.

“It’s a piece of ground, a prospective piece of exploration ground with some bore holes in it,” Bristow said. “And the market put an eight-million-ounce resource on it. That would make it one of the biggest gold mines ever in Canada. But it’ll take you eight years to actually start building it.”"

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Hopefully someone (AA?) will overpay for XTR's Bushranger licence. In which case TCofMC would be proved correct in his valuation; perhaps the figures he has quoted today will prove to be on the pessimistic side! Here's hoping!

[papillon] 18/2/2022 15:24

meanreverter 👍. Many thanks for that information.

[meanreverter] 18/2/2022 14:49

Concerning the synergies, or lack thereof, of copper and gold mines: In the case of (low-grade) porphyries, the initial procedure in either case is typically
(1) Blast, shovel, and truck the waste rock and ore
(2) dump the waste rock and crush the ore
(3) heap-leach the crushed ore with sulfuric acid to extract the copper
(4) heap-leach the residue of stage 3 with cyanide to extract the gold.

The same sequence would be used for neighbouring copper–gold and gold–copper porphyries, where the metals of dominant economic interest are respectively copper and gold. The capital equipment would be the same, and the synergies would be great. For the later stages of processing, to extract the metals from solution, the plant is more compact. The difference between the copper-focused and gold-focused plant is in the balance of scale between the respective circuits; there would still be considerable synergy even there.

Overall, even if it turns out that (economically) Racecourse is copper-dominant and Ascot is gold-dominant, the synergies available to a single operator of the two projects would be excellent.

[papillon] 18/2/2022 14:41

I can't read the pearls of wisdom (😂) from p5tvr, Zero Matrix and Arcadian because I have them on filter. I've enjoyed the different views expressed by TCofMC, lurker5 and TD this morning, but rightly, or wrongly, I'm invested in XTR because of a/ the positive RNS's, b/ CB's track record with KIW, c/ my charts and finally d/ my gut reaction.
If you compare the chart of KIW in Q1 2009 it's looking very similar to XTR in Q1 2022 going by the respective sp's in relation to the EMA's I go by. The KIW share price went from a low of 13p early in 2009 to a high of 86p at the end of 2009. A 6.5 fold increase. I'd be more than happy with a similar rise for XTR in 2022. I'm not greedy 🤣 🤞
I won't be keeping my profits. I'll be donating it to my grandchildren. Investing in shares is just a bit of fun for me. It's nice if I get it right.

[piperpeter] 18/2/2022 14:28

Anyone looked at PPC?

Monday 14 February, trading update....

2021 Revenue US$34.2 million.
2021 EBITDA US$9.5 million!

31 million market cap.

New production coming on line this week.
More drilling this month.

Proper bargain.

Pp.

[papillon] 18/2/2022 13:58

avsome196817 Feb '22 - 20:52 - 5391 of 5418
0 1 0
PAP

You shouldn't be investing if you heed advice from BBs, better off keeping it in the bank be a lot safer there.

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What makes you think, avsome1968, that I'm heeding advice from BBs? I can assure you avsome1968 that there is no way I would buy anything on the advice of fatboy on the ARCM bb. I think he's mentally ill and if he isn't resident in a secure institution, then he should be!
I can assure you, avsome1968, that I base my investment decisions on RNS's and investor sentiment towards a particular market sector and company (in other words the charts). Of course I get it wrong, but not because I heed the advice of the likes of fatboy.

PS you're a bit late warning me about the dangers of investing in shares, since I've been dabbling in them for over 50 years. I would have done better leaving the money in the bank, but it's been more fun losing it on shares! 🤣

[papillon] 18/2/2022 13:13

toopoor has only been a member of advfn since this week (Monday) and has already made 185 posts all RAMPING TRP. On many bb's, like this one, he has been moderated. Why does advfn allow such blatant ramping on so many bb's? toopoor probably posts under other names on advfn. Again, why do advfn tolerate this?

[the diddymen] 18/2/2022 13:01

ZM it crossed my mind that the door is being left open.

[arcadian] 18/2/2022 12:36

Count

Well said including the bit from John Maynard Keynes. We are all with you but there`s a long way to go and strange things happen..

[arcadian] 18/2/2022 12:34

I had added a bit asking whether it could just be that CB joined the BOD at AA but
it was too strong for me to digest and I deleted it but stranger things have happened.

On balance I like to believe that he is a good Yorkshireman and will look after us mortals.

[zero matrix] 18/2/2022 12:26

Having met Mr Bird I have a very positive opinion of the man and his motivations, so my scenario was very tongue in cheek.

[the count of monte_cristo] 18/2/2022 12:25

I'm here to make money, as much money as possible. If you are right, and you only need to be right in the stock market a few times, then you can make a lot of money. It's the being right that matters, making money is a way of keeping score. Ideas, backed up by logic, actual real life examples are great. If the facts change, I change my opinion. My opinion is that this is a winner and that Bushranger and the adjacent package of licenses will be bought by one company for a lot of money.

[arcadian] 18/2/2022 12:12

Zero

Idle maybe but dark nevertheless.

Thanks for not describing your fears of what one party can do to another helpless party in our trendy new vocabulary so beautifully exampled by P5tvr and his linguistic disciple CMC although the later has many redeeming features via his other contributions including the concept of economies of scale.

Overall I found your post worrying because I have been there, done that etc.

[the count of monte_cristo] 18/2/2022 11:53

lurker5 - You have no examples, because there aren't any. Please don't make up ridiculous ideas then get offended when people call you out on explaining them with actual real world examples.

Show us all some of your examples to back up your ideas. It's not arrogant to ask that. Instead of name calling show us all your examples to support your ideas. If you don't have any then don't be upset when people laugh at you.

Your 'thinking outside the box' is very cute, I love it. Its the thinking outside the box that made me buy millions of these sub 1p.