Xtract Resources Share Discussion Threads

[papillon] 28/2/2022 13:50

You just posted the following, Twinkle3.

"I'm probably going to get slaughtered for saying this but my guess is since a highly respected poster on the other board came out with his bombshell valuation of 5p for Racecourse now everyone thinks 20p is a fantastic price???!!!"

>>>>>>>>>>>>>>>>>>>>>>>>>

Who was this "highly respected poster", Twinkle3? Do tell us! 🤣

[the count of monte_cristo] 28/2/2022 13:47

Twinkle3 - You need to go and look at the recent sales of other similar, very large copper deposits, then you can come to your own conclusion on any sale price. A poster on here previously criticized me for saying that I have repeated this and should find new material, I would love to but these massive copper porphyries are very rare and global discoveries have dried up:)

[denjon] 28/2/2022 13:45

My ISA is overflowing just now! Hope yours and fellow investors is to or soon will be.

[the count of monte_cristo] 28/2/2022 13:44

Look, they started the MIMDAS today...completed in 4 weeks, then time to analyze, then further drilling. All wonderful news because they want to prove up more, get it bigger and then sell it. Big is beautiful. The larger the resource the better. It's excellent news. I don't my mind waiting for the big bucks, as each step progresses more and more value will be added and the share price will react accordingly.

[the count of monte_cristo] 28/2/2022 13:39

To a place in the sun, like Barbados or Thailand?

[papillon] 28/2/2022 13:39

Just saw the following post on the lse bb, The Diddymen. It looks like you can ignore your fears of a sale of Bushranger pre April 5th. You will be able to transfer more XTR shares to your ISA if Lucky520 is proved correct.

>>>>>>>>>>>>>>>>>>>>>>>>>>

Lucky520

Posts: 1,379

Price: 5.95

No Opinion

RE: RNSToday 13:20
"Thank you Colin! I suppose he may have seen my post yesterday. Thanks for letting us know not to expect an updated model anytime soon. We can also expect not to be in negotiations with AA in April and probably not even by June.

Looks like the sale of bushranger will not happen in Q2 or Q3, maybe Q4 or Q1 2023.

Would someone like to break the news to my fiancée?
I might just not go home tonight"

[denjon] 28/2/2022 13:36

Yes it is good news and we deserve it. It's the continuous corruption and market manipulation rampant in AIM companies that is so hard to stomach. Hoping we all get a big pay off by year end and then I'll be off out of it!

[the count of monte_cristo] 28/2/2022 13:34

Rodney, especially if those Ascot assays reveal long runs of elevated gold levels compared to Racecourse.

[the count of monte_cristo] 28/2/2022 13:33

Someone has been saying an RNS was due everyday since the last RNS. One comes out and the share price reacts. I can't see how this has anything to do with 'insiders'. The share price has turned down because of the Ukrainian crises, people have taken the intelligent opportunity to add.

[rodney101] 28/2/2022 13:33

Looks that way SP seems to be on upwards trajectory but there is a serious resistance around 15p

[paddygangster] 28/2/2022 13:26

Chart tells me should takeout 8p very soon

[paddygangster] 28/2/2022 13:23

Old man seems very bullish in selling the assets for 10 times the current Mcap before he hangs his boots. Bird man has been there, seen it done it man. This will be his biggest deal and he wants to go out with a 10 beggar BANG

[denjon] 28/2/2022 13:21

As usual market insiders were buying in the knowledge of this RNS.

[papillon] 28/2/2022 13:21

You were right, denjon. This morning's buying did indicate an RNS was on it's way. There is always someone in the know.
A good news RNS.

[the count of monte_cristo] 28/2/2022 13:17

Nice update, exciting news flow ahead.

"The modelling will require the conceptual open pit to be closed off in all directions in order to ensure that infrastructure or tailings dams are not incorrectly positioned over what is a continuing ore body."

Many of you might be surprised to know that it has been quite common in the past to just build the infrastructure, only later to find out that it sits on some of the ore body. This has been a very expensive mistake in some cases!

[rodney101] 28/2/2022 13:06

Colin through a figure of around 500 million to wrap up the deal, around 40p a share If that's correct it's seems market has totally underpriced the company :Why the undervaluation?

[rodney101] 28/2/2022 12:55

Big buyer around

[rodney101] 28/2/2022 12:50

Come on CB give us an update

[the diddymen] 28/2/2022 12:34

denjon looks possible. About 10 weeks since the last drill RNS.

[papillon] 28/2/2022 12:31

Sorry, Twinkle. My mistake. That was my figure, not The Diddymen's. I never worked anything out. It was just a figure I asked TD to comment on. Just an ignorant guesstimate on my part.

[arcadian] 28/2/2022 12:17

Twinkie

Read TD above

I think he`ll be nearer the mark.

Apologies Pap.

[the diddymen] 28/2/2022 12:14

Paps was using indicative figures, not trying to make a statement T3. I suspect that he will not argue with your sentiment.