Xtract Resources Share Discussion Threads

[chesty1] 31/3/2021 08:47

Haha denjon!!!

[davetedjack] 31/3/2021 08:41

There are lots of mining companies who are currently releasing positive news but the share price has a muted or even negative response. My plan is if I'm happy with the company and the news, get over the disappointment and hold/accumulate. Eventually these companies will come good. We all live a big blue day but the market is a strange place sometimes. Good luck all holders

[denjon] 31/3/2021 08:37

If we can't reach 8p or 10p in April I'll regurgitate my Easter Egg.

[cinoib] 31/3/2021 08:37

Nice update and if al comes to pass, whether £2.77 or 40p would still leave in a very sound position/

[denjon] 31/3/2021 08:34

A very begrudging response from the market so far, to this highly significant positive news. Let's see if the penny drops by this afternoon.

[chesty1] 31/3/2021 08:32

One things for sure it’s a multi bagger from today’s silly 6p price tag!

[thelung] 31/3/2021 08:25

3% in situ value
Use the fully diluted figure
Assume further dilution

Skip back a few weeks as I think someone posted a detailed calc which arrived at around 40p

[sportbilly1976] 31/3/2021 08:12

Edited from previous posting with 3% in situ now being used

Copper currently $8800/tonne, so 2 mln tonnes would be $17,600,000,000 - even applying a 3% in situ value it is considerably more than the current value of XTR

Using the 742.7mln shares in issue from the Company website gives a value of £0.517 (52p) using a fx of 1.375

AAL 80% buy back - £0.41

[chesty1] 31/3/2021 08:04

Well well well that is a very nice read!

Drill 6 still ongoing too wow!

Assay results from drill 2 next

I have the morning blues!

[markinvestor] 31/3/2021 08:03

What would a fair value px be and what implication on the px...anyone take a guess?

[markinvestor] 31/3/2021 07:38

Anglo Buy-back option

Under the terms the Bushranger Acquisition agreement, if a deposit of greater than 2 million tons of contained Cu equivalent (e.g. 450Mt @ 0.45% Cu equivalent) is ultimately identified, Anglo may buy-back 80% of the Racecourse deposit at fair market value as determined by an Independent Expert in accordance with the JORC and Valmin Code. Anglo and ProspectOre would then provide funding pro-rata to their interests, save that ProspectOre may decide not to provide its share of funding and be diluted, ultimately retaining a 0.75% net smelter royalty (NSR). If a “Decision to Mine” is taken by ProspectOre prior to the identification of 2 million tons of contained Cu equivalent, Anglo also have an opportunity to exercise the buy-back.

[qazwsxedc69] 31/3/2021 07:25

Good news just keeps coming.

[joycey1882] 31/3/2021 07:19

I do like the words 'excited' in a RNS! Suffered a few 'Challenges' in my time!

[goforgold1] 31/3/2021 07:14

As i said those who hold and wait get the honey . More news to come as well . Colin Bird, Executive Chairman said: "Results from the Phase One drilling programme have demonstrated mineralisation widths and plunge depths beyond our expectations. Results appear to show a large porphyry system, warranting planning for a Phase Two drilling programme. In order to identify extensions to the deposit in several directions, we intend to carry out a deep-penetrating IP survey - the bedrock resistivity at Racecourse allows significant depth penetration to enable tracking of anomalies potentially beyond 1,000m depth. We now have the benefit of previous drilling to guide us in interpreting prospectivity. We intend to use every tool available to plan the Phase Two drilling programme and the team is excited to advance the positive indications from Phase One towards our target of 2Mt of contained copper equivalent which would trigger the Anglo buy-back option."

[chesty1] 30/3/2021 16:37

Enjoy denjon!

[denjon] 30/3/2021 16:30

I'll start munching!

[sportbilly1976] 30/3/2021 15:47

It is the Easter holidays :)

[p5tvr] 30/3/2021 15:33

Looks like schools out!!!

[chesty1] 30/3/2021 14:59

Get ready to eat that egg chubster we're staying blue!

[denjon] 30/3/2021 14:33

If this ends blue I'll I'll.. I'll eat myEASTER EGG!

[denjon] 30/3/2021 14:18

An antigravity share. Goes up when its red!

[jackthecat1] 30/3/2021 14:06

100%, its seems settled now in this range pre next newsflow. Will not take much for it to fly up as we know.

[chesty1] 30/3/2021 13:59

Fillya boots time!

[denjon] 30/3/2021 13:39

Market seems to be slowing down as we approach the holiday. Should be plenty of news after Easter, not forgetting the new tax year and new ISA season. Will the bit keep turning over Easter? Probably.

[jackthecat1] 30/3/2021 12:13

bouncing off 5.5p ish, which is no surprise. RNS could come anytime. Add and hold.

PS. WSBN is very much worth a look as an early stage Gold miner. Not started drilling yet, but will be v soon. But have a look over the last 6-8 RNS's to give you an idea on Management, BOD appointments, placing at 10p to give fully funded drilling. Prospects are in AUS,near GGP and other majors. tiny £18m mkt cap,40% off year highs at 11p now. Chairman of the LSE Gold index joined as a non exec in February. need i say more

Drill campaign to be announced shortly. I have about £20k's worth in my Sipp from 8p as a side bet. Can hold for 15 years if needs be.