Xtract Resources Share Discussion Threads

[steve4077] 12/5/2022 15:03

Not quite as ludicrous as constantly posting negative comments, most of them invented or deliberately misleading, on the forum of a share you don't even own. The phrase 'get a life' springs to mind.

[asitis] 12/5/2022 14:55

Bushranger was acquired (with a JORC) for around £1m which reflects its value to the market. Quite why all the rose tints in the echo chamber feel it is worth multiples of that is quite frankly ludicrous.

[papillon] 12/5/2022 14:15

"They will do good deals to suit their shareholders."

Of course. Now you're stating the bleeding obvious!
I have no idea if AA will buy the Bushranger licence. I also have no idea how much XTR will get if they do manage to sell the licence. However at the current Mkt Cap XTR looks cheap to me based on it's assets in Africa and Australia. You, Asitis, obviously don't think so; or perhaps you do and enjoy having a dig at CB. Fair enough, whatever your motives, they don't influence me.

[papillon] 12/5/2022 12:46

I just posted the following on the ARCM bb (I do have a small ARCM holding)

papillon12 May '22 - 12:16 - 6936 of 6937 Edit
0 3 0
There was a gap up this morning that might need to be filled. That often happens (though not always).

I'm not surprised by today's share price reaction to the news. Look at GGP. When they announced a similar deal with a major back in the summer of 2019 the share price didn't start to take off until early in 2020 following the first drill results which were excellent. Thereafter, following more drill results, the share price multi-bagged. In the space of 12 months the GGP share price multiplied 25 fold.

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

Of course the difference between ARCM & XTR is that XTR have already done lots of drilling on their Bushranger licence and have produced some excellent results.

PS goforgold1 is talking out of his backside again. The XTR chart is bullish and has held up well during this general market downturn. Also the Racecourse & Ascot grades are more than acceptable for this type of deposit. Combine that with the potential size of the Racecourse & Ascot deposits and open pit mining and it's easy to see why the XTR chart is still bullish.

PS add in the XTR African producing plus other assets and XTR looks cheap to me

[asitis] 12/5/2022 11:46

Its not AA's responsibility to deliver what looks like over promise to XTR shareholders. Nor is it their responsibility to fix the global copper shortage. They will do good deals to suit their shareholders.

[zero matrix] 12/5/2022 09:39

Don't be a spoilsport Sharestar. Spare a thought for the naysayers' feelings.

[papillon] 12/5/2022 09:26

So AA are not big enough, or wealthy enough, to buy Bushranger as well as do a deal with ARCM? 🤣 🤣 🤣 🤣. Don't be so stupid, Asitis! You plonker!! 🤣 🤣

PS I've got a small shareholding in ARCM as well as a larger one in XTR.

[sharestar5] 12/5/2022 09:18

Manica looks like it is ready to go. XTR about to take off!

[asitis] 12/5/2022 09:14

Looks like AA have chosen ARCM over XTR for their copper acquisition. Oh dear.

[papillon] 11/5/2022 22:25

free stock charts from uk.advfn.com


5 year XTR log chart. It shows a couple of possible uptrends. A longer term uptrend and a recent shorter term one. Obviously a bit of wishful thinking on my part. I will find it interesting to see what actually happens to the XTR share price over the next 12 months and how far my log charts deviate from fact.

[sharestar5] 11/5/2022 21:51

Is the pond in the Empress photos full??

[the diddymen] 11/5/2022 21:19

I briefly saw the movement yesterday and the only assumption I could make was that title was faulty, or similar.

The movement may have been market sentiment aided and abetted by the RNS, which, superficially read, looks thin.

The markets are fickle at the moment and it is hardly surprising with the context of two dictatorships taking poor decisions.

It would be nice if CB would get the news flow moving to confirm that there are no obstacles to generating the next conceptual Race Course pit. I felt that June was more likely but I now think that is optimistic.

[papillon] 11/5/2022 16:55

Could be a good time to buy. RSI starting to rise again (from an oversold position). Are we about to see the share price replicate what happened 2 months ago and observe the share price rise from a low of circa 5p to 7p in 4 weeks? The share price appears to be going sideways, since early in January, in a rectangular pattern between 5p and 7p. A breakout of that pattern should see a new high of 9p+, or a return to the low of 3p of just under a year ago. The bullish nature of the chart indicates the former to me. I suspect that a breakout from this rectangular pattern will only occur following news. When that news is issued is anybodies guess. I suspect either this month, or if not then in June.

[papillon] 11/5/2022 16:17

👍 I agree with you, TCofMC. CB is a completely different animal to me! I'm a lazy barsteward by comparison! 🤣

[the count of monte_cristo] 11/5/2022 15:24

From listening to him and reading a lot of books about mine finders, this is my take..

Why would you retire from something that you love doing?

He has got gold fever (mining fever) and loves the thrill of the chase, of discovering something, with his teams, which nobody else has ever found. Of making deals and doing business.

It's difficult to explain, but the best way to understand it is to watch some of those Discovery tv series of the guys in Alaska or Australia who are finding gold nuggets and how they get gold fever. It's a treasure hunt, and finding that treasure is very exciting.

It's also about a legacy, the Busranger project will probably be producing ore decades into the future, when CB has long since departed this world and when some on here may also not be around, these big mines can go on for 50 or more years. That's something to be proud of being a part of and making happen. It's a little bit sad that back in the UK such people don't get more acclaim. He isn't liked by all, but what successful business people or people who have achieved a lot are!?

CB the "Fred Dibnah" of mine finding:)

As investors, we are part of these stories, investing in places all over the world, from Botswana to the frozen wastes of the Alaskan north slope. Without our speculations and investments, these small caps wouldn't be able to do what they do.

[papillon] 11/5/2022 15:14

Regarding Colin Bird, he made £37m from his KIW shareholding when the company was sold back in late 2009. Don't know why he didn't retire from business then. In fact he's done the exact opposite going by the number of companies he now runs!

[asitis] 11/5/2022 15:13

Bird lifts the share price to 7p+ with all the talk about getting it done by May. 30%+ down since then raises a few questions.

[arcadian] 11/5/2022 11:50

When this is over I`m going to make sure that ...........

Colin my fellow Yorkshireman enjoys a good tipple

( om top of all his shares, options etc of course so maybe he might be able to afford one for me. I do hope so.).

[the count of monte_cristo] 11/5/2022 11:32

That was a good one from Zero:)

[sharestar5] 11/5/2022 11:02

There was an odd trade after 5pm on Monday. I wonder if that was related to the price drop?

[jjb71uk] 11/5/2022 10:52

Apparently, the interview will be this Thursday

[zero matrix] 11/5/2022 10:38

I don't begrudge him the odd tipple, given his workload.

[onedayrodders] 11/5/2022 10:15

Hopefully he's busy with AA meetings ?