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[the diddymen] 08/6/2022 21:27

Chapter 14 Verse 58 'Patience is a virtue'

The word of St Colin Bird!

[the diddymen] 08/6/2022 21:27

Chapter 14 Verse 58 'Patience is a virtue'

The word of St Colin Bird!

[the count of monte_cristo] 08/6/2022 14:57

Exactly, but for some 12 months is like a decade when holding a stock:)

[the diddymen] 08/6/2022 14:49

CMC, if you recall where we were a year ago this has been significantly derisked in 12 months. Confirmation of the cash flows from Africa will remove uncertainty from the extended 'deadlines'. For the resources sector this has gone fairly well so far!

[the count of monte_cristo] 08/6/2022 14:40

The Diddymen, that would then solve the "uncertainty" for funding, especially if management explain things clearly about the funding for the exploration across Ascot. I've been thinking, probably we haven't seen the best drill results yet and with further exploration at Ascot we will more than likely hit better results. If one was to look at what happened to Cadia and how their results came out we could surmise a similar scenario here. To explain what could happen here if they were to hit something outstanding, the share price could easily double just off the back of excellent drill results, so it's all still very much to play for here, IMHO.

When investing in explorers and miners, one has to think about elongating time, so that 3-6 months is not seen as a "long time", this will help any investor to realize better gains. If you don't want to believe me then just listen to Rick Rule and Pierre Lassonde who are both billionaires.

Rick Rule has a nice phrase he uses about how investors lose because they need to have that psychological feedback all the time of seeing their investment "doing stuff" or going up. You can see it all over these bb's where investors have that mentality, it's human nature.

[the diddymen] 08/6/2022 14:13

Hunklington, thanks for the link. Mid-range seems to be about £6.4m pa, with full revenue on stream imminently. I would still expect an RNS to confirm and that should extinguish the 'placing' factor in the current share price.

[the count of monte_cristo] 08/6/2022 13:11

CB at 14:30 to 15:20 answers any questions one may have, if they might erroneously think CB is "unsure" of the best way forward.

[the count of monte_cristo] 08/6/2022 13:00

The more it looks like Cadia the more value they can get when they sell it.

Not the case that they will drill significant amounts, but the more they do the more they understand.

I see this as positive.

They won't partner on Ascot, that's not the company strategy here.

[picardy] 08/6/2022 12:55

That does not sound unsure, but to the contrary sure, we need to do further work to make sure we don't sell the asset which later on proves much more valuable. I also not sure about any need for a partner with African assets ramp up and forthcoming income streams. It appears we are not under any financial pressure to make a quick sale. On the other hand we don't want a death through thousands cuts which, to me, indicates that the original timescales are obviously off but there won't be a protracted delay in entering the negotiations stage - Q3/Q4 22 is entirely possible IMHO.

[lurker5] 08/6/2022 12:44

It could also be that he is now unsure what is the best way forward. As he says, it would be silly to sell Ascot only for it to turn out big. I suspect he will put any sale of RC on hold until determining wheher/how to prove up Ascot. He might also invite in a partner to pay for it. Everything is up in the air in my view.

[picardy] 08/6/2022 12:34

He is also much more careful with his wording - is it is the sign that we are not that far away from the sale negotiations stage and he wants to keep his cards close to his chest?

[hunklington] 08/6/2022 12:27

hxxps://audioboom.com/posts/8096984-midweek-takeaway-with-colin-bird-executive-chairman-of-xtract-resources-aim-xtr

Income at 20%+ of the Mkt Cap
Lachlan fold exploration ending, modelling close…

Yazz 1988 sums it up imho

[the diddymen] 07/6/2022 20:30

I feel that an update on the African assets is overdue!

[denjon] 07/6/2022 16:13

ii + 0.274p. Investors anticipating a good Sunday Roast interview with CB?

[asitis] 06/6/2022 14:18

Rose tinted Steve on the red thumb down shift I see :-)

[cboney] 06/6/2022 12:54

could find out tomorrow

[asitis] 06/6/2022 12:29

Quite shocking the way shareholders have been strung along here. As predicted the quick sale of bushranger is now on hold it seems. Instead of the promised shareholder reward following a sale to AA, it now looks as it will be death by geo drilling instead.

[papillon] 02/6/2022 08:17

The following post is by johnswan and is copied from the lse bb:

johnswan1

Posts: 38

Price: 4.75

No Opinion

RE: Some perspective....?? Wed 22:45
"My view is surface drilling to try to make it more attractive to a buyer because they are nowhere near 2MT. I said the other day Colin was talking about 400-600MT of rock. Somebody else said they heard 800MT at one point. In the interview this week he mentioned 20MT x 20 years. To me that suggests 400MT, possibly, and perhaps not even there yet. With a 0.15% cut off what sort of average grade are we talking about, 0.30%? Which would suggest only 1.2MT.

My feeling is that they expected more from the assays released this year, which have been disappointing, and although the gold at Ascot is interesting, the lack of copper is not helpful.

Some of suggesting Colin has 2MT up his sleeve but quietly advancing the plan while Ascot is proved further. I don’t believe that at all. If he had it he’d be screaming about it from the rooftops, and this interview failed to address or support statements made previously re 2MT and very strongly indicated timelines."

[the count of monte_cristo] 02/6/2022 06:45

"I think we will probably end the phase 2 drill programme by firing two holes into Footrot"

[asitis] 31/5/2022 16:39

I think the ProspectOre board are calling the shots here and as Bushranger is their baby they are convincing Bird to use XTR shareholder funds to satisfy their geo intrigue regarding Ascot. Quite how this is satisfying shareholder value is a mystery.

[papillon] 31/5/2022 16:30

A drilling campaign on Ascot will likely be very good news for XTR shareholders in the longer term, but it will not be good news for the XTR share price in the shorter term, even if there isn't a placing as goforgold1 insists there will be, because it will delay the sale of the Bushranger licence. Maybe by up to a year, or more?
This is only my personal opinion, bwtfdik?

[backtothesoil] 31/5/2022 16:15

So the charts can now forecast the cash expected from Mozambique.I wonder if I could use them to forecast my potato crop this year.

[papillon] 31/5/2022 16:06

I have to agree with you, goforgold1. The chart doesn't lie. That bearish double top is still active. It does look like whatever money is coming from the gold activity in Africa will not be enough to cover a drilling campaign on Ascot.

[jwilde] 31/5/2022 15:30

Patience. We don't want to sell a boda for a bitty. I have added, again!