Xtract Resources Share Discussion Threads

[the count of monte_cristo] 06/3/2024 09:02

The gooddays will come, just a matter of patience. Read that trolls:)

[divmad] 05/3/2024 17:46

I'm in now.

[the count of monte_cristo] 05/3/2024 12:35

Show has just started here. They should start drilling in Apr/May, so news due this month on what they are going to do in Zambia. IMHO.

[aimscam1] 05/3/2024 08:28

Looks like your ramp did not work lol . Your not doing well lately people know your game now. Ha ha

[the count of monte_cristo] 01/3/2024 12:05

The drilling is the truth machine. It's all part of being a fortune hunter and discovery play. Onto the next prospect now.

[divmad] 01/3/2024 10:57

CB has a skillful ability to pick up licenses in attractive areas before the majors grab them, on good financial terms for shareholders. Manica, Bushranger and now NW Zambia follow his MO after the very successful Kiwaya development years ago now.Unfortunately, subsequent drilling/development in the first two mentioned never met inflated expectations, which were fanned in part by CB's Northern "tell 'em like it is" blunt promotional style.Let's see if this time round the drill bit surprised in the upside and confounds his critics. I wish him well, thinking that this may be his last hurrah in Africa. Certainly, getting rid of that millstone round shareholders' necks, at Manica, was a very smart move imho, giving xtr the chance to drill in a hot land area in Zambia for Cu without further dilution. I applaud his latest moves.

[aimscam1] 01/3/2024 10:21

Be carful the count on his ramping spree here . This has totally f@ck all .

[gozo] 29/2/2024 14:12

Starting to build quite a good base chart wise

[aimscam1] 29/2/2024 10:21

Woof Woof rinse repeat . Lol this is another fraudulent company. CB wow

[misskgb] 29/2/2024 07:31

DivmadThe bird said in podcast before sale completed They already have $2m to develop licenses in NW ZambiaThey have Anglo data on licence which saves co $1.5mDrilling not like bushranger holes will be 12m deepThey may not need to do phase 2

[the count of monte_cristo] 28/2/2024 12:30

One positive, the selling seems to have stopped and the share price looks to have bottomed.

[misskgb] 26/2/2024 07:27

If buyer is 14 days late paying instalmentsXTR have the right to BUY BACK MANICA for $1

[divmad] 26/2/2024 07:00

I understand that xtr gets its cash back from the Manica sale over the period to 2027 in installments. What's the chance that the buyer may not have the cash to repay if circumstances go against that outfit? It's not like a full up front cash settlement that would be preferable to fund the new Zambian prospects.

[the count of monte_cristo] 23/2/2024 00:13

Hi Divmad, that's what we are awaiting and should be detailed in the next rns.

Your point about this being early days in the exploration are correct and warranted - at the moment we are waiting for them to identify prospects within the licenses, however CB has said in the last interview that XTR will probably be the first to drill the Western Foreland out of GLR and XTR.

This is what we know so far, majors pegged ground and chasing Ivanhoe's lead, Ivanhoe further moving on the strategy by extensively pegging ground in Angola, on the premise that the copper runs through Zambia (which maybe covered in our licenses) and into Angola. Ivanhoe are smart explorers, keeping an eye on what they do will be helpful.

[divmad] 22/2/2024 15:47

Proximity is one thing, but can you show by way of mapping any continuity of Cu mineralisation to Xtr's land?

[the count of monte_cristo] 22/2/2024 15:13

Why I am so positive on the Western Foreland. Have a read...

[the count of monte_cristo] 21/2/2024 19:59

Grow up stalker and get back to your EEE board. Such ingratitude for all the research I shared on EEE, amazing how stupid some people are.

[bspgamer] 21/2/2024 15:04

I still own EEE, just watch Count Dracula people he will suck your blood at the first opportunity. BEWARE

[the count of monte_cristo] 21/2/2024 09:56

Hi stalker, weirdly one can own more than one stock. Are you going to take all my free research and buy in here, like you have done with EEE because you kmow zero about geology?

By ramp, do you mean like EEE where the research brought a near 500% return in 8 months on most of my holding? Is that what you mean by ramp?

P.S. I still own EEE

[bspgamer] 21/2/2024 09:38

This your next ramp Count : )

[the count of monte_cristo] 21/2/2024 08:33

I think Busharanger is basically on care and maintanence, waiting for higher copper prices. So probably a year of in activity there.

Meanwhile, they chase elephant copper deposits in Zambia. That strategy is ok for me, I am happy with it although I understand that not everyone will be.

[divmad] 21/2/2024 07:20

Well the good news is that xtr finally gets rid of that millstone around shareholders necks, Manica. But what net sales proceeds will come back to xtr? Has that been reported?And did this be venture mean that Bushranger is being quietly placed in a corner now, after being the rising star of a few years back?The new Zambian licences do look interesting, I will grant you that, TCoMC.