Xtract Resources Share Discussion Threads

[papillon] 29/3/2023 13:03

free stock charts from uk.advfn.com


Today's rise is nothing to get too excited about; not yet anyway. XTR has been oversold since early this month according to the 14 day RSI. A bounce from that oversold position was always on the cards sometime.

[21ant] 29/3/2023 12:53

Maybe straw catching but I'd like it to be the other..
Copper strong again today, over $9000 so might just be that helping people have confidence.

[folderboy] 29/3/2023 12:50

Whispers?, Leak? Or just me straw catching.

[all in eol] 29/3/2023 12:49

Hopefully you have been left behind at the station gfg.

[the count of monte_cristo] 29/3/2023 12:31

Copper price to surge to record high this year, Trafigura forecasts
Rebound in Chinese demand has pushed up cost faster than any other industrial metal

[chris cat] 29/3/2023 10:07

Listened to that little snippet from Sunday Roast. It feels like they are right in that it is grossly undervalued, but then who can tell with the AIM casino. It really is a 50/50 shot whether GFG is correct with his hammering of CB or whether it's just the madness of the AIM market. There's certainly a lot of AIM CEO's who have made tons of cash for themselves and never delivered for Shareholders.

[goforgold1] 28/3/2023 13:11

IN COLIN WE TRUST LOL 1p my target coming.

[21ant] 27/3/2023 15:27

Gets a mention 50m 10s in

[picardy] 26/3/2023 19:04

hxxps://smallcaps.com.au/andrew-forrest-sparks-merger-acquisition-race-small-miners/

We could see a real M&A frenzy for copper assets in the near future. I don't know if we are free to receive offers ahead of AAL but if we are this looks like a sitting duck for some more adventurous companies. I don't expect fair bids for Bushranger but any would have to come at multiples of today's share price

[goforgold1] 25/3/2023 18:20

Nearly there just takes time

[onedayrodders] 25/3/2023 13:40

Picardy ... exactly ... and not just Bushranger, Manica and everything else.
Much better to underpromise and over deliver than the other way round.

[goforgold1] 25/3/2023 13:35

99.9% should be

[the diddymen] 24/3/2023 20:38

Spot on Picardy. In a way the low price could protect shareholders from another placing, unless Colin Bird is reckless.

CB should give a clear statement of the earnings capacity of the Mozambique operations along with a clear statement of the strategy up to the point of disposal of Bushranger (providing the NPV is positive!)

On the bright side if the gold price firms as has been suggested that will significantly improve the funds available (providing that Manica is operating effectively).

[the count of monte_cristo] 24/3/2023 15:39

The only thing that's criminal is how cheap this is right now:)

[papillon] 24/3/2023 15:30

👍 ODR. 🤣

[onedayrodders] 24/3/2023 12:23

If he's criminal then 90% of AIM CEO's should be in prison

[goforgold1] 23/3/2023 19:26

To be honest i just see him as a criminal now . Easy money when you can get it takes millions and millions out . Then now and then does a token gesture and buys a few k shares . I honest believe he sells them behind the seens . Really do . But if i am wrong no problem no TR1 is a massive RED FLAG

[ifc2] 23/3/2023 16:57

Or put in £3/4 million of his own money (for the next drills) as an interest free loan repayable on the sale of Bushranger to show confidence in our asset.

[the diddymen] 23/3/2023 15:38

gfg the key concern is the NPV. Agree that CB needs to stop issuing confetti placings and focus on delivering within the cash generation of the company.

There are two questions for XTR. How much cash is it generating or will it generate from Manica? and how can that most effectively be used in the business.

In a way I was quite pleased to see the response to CB's personal purchases a couple of months back. It did not wash. All shareholders want is an effective disposal of BR - subject of course to a positive NPV based on reasonable assumptions.

If CB does not like those terms then he either needs to buy the company out or make way for someone who is interested in making the assets work.

[goforgold1] 23/3/2023 14:43

Can you imagine the dilution here wow . When he does come for money he always does .

[chris cat] 23/3/2023 14:04

It is all very depressing.

[goforgold1] 23/3/2023 13:59

Hey Colin what?s next mate . What i always say when i need money . DRILL DRILL DRILL DRILL DRILL DRILL DRILL DRILL DRILL DRILL DRILL DRILL DRILL DRILL DRILL DRILL DRILL DRILL DRILL DRILL .