Xtract Resources Share Discussion Threads

[the count of monte_cristo] 10/5/2021 11:58

Thanks SportsBilly, I have looked at PXC and do like that company.

[backtothesoil] 10/5/2021 11:49

Why would the placing shares be forward sold below the price paid for them?

[chesty1] 10/5/2021 11:41

Most of the placing shares would have already been forward sold, but yes today is the day according to the RNS! From today you'll see a chart ready to explode


Defo going for news this week.

[chris cat] 10/5/2021 11:11

Is today the day that the placing shares go live?

[onedayrodders] 10/5/2021 11:02

A few Coral punters placed their bets on Friday for a Monday RNS perhaps

[goforgold1] 10/5/2021 10:49

Still selling unbelievable

[sportbilly1976] 09/5/2021 13:22

The Count of Monte_Cristo7 May '21 - 16:56 - 1708 of 1712


My view in this market is that if you want to make real money, find a small cap copper explorer which is proving up a very large copper resource, preferably one in a safe country with a pro mining government.



I'm a holder here & will remain so until AAL come forwards and have their buy-in triggered....but in terms of you comment above Count - take a look at PXC as this ticks all of those boxes and is my buy and hold for the next 2-7 years. Stunning value sub £50mln..CFO targeting a $1bln Company value. Based in Idaho, USA

[onedayrodders] 08/5/2021 14:32

SP Angel morning note re Copper:

Copper – prices have broken through a key technical level to 10,236/t

• The positive move in copper overnight suggests the metal may now rise towards $15,000/t according to one Commodity Trading Advisor
• Copper prices must rally 50% for supply to meet demand according to Ivan Glasenberg, ceo at Glencore according to a report in the FT today.
• Prices had been held back by comments from a Chinese official indicating that China might move to limit commodity prices if they raise inflation.
• We suspect if China was to impose such draconian price limits it would have already done so in iron ore which we feel is more critical to the Chinese economy than any single base metal.
• China is also seen as well prepared with substantial State Reserve Bureau reserves which can be made available to local manufacturers in the event of shortages.
• The IEA warned earlier this week that high prices and availability could delay the transition to clean energy given the demands for batteries, wind turbines and solar panels.
• Rising costs at the more marginal copper producers will require higher prices to meet rising demand for the new energy revolution as inflation eats into margins.
• Copper prices were also helped higher by issues in Chile and Peru which might serve to reduce new investment into copper mining in these regions.
• Demand is being driven by Stimulus measures encouraging the development of new wind and solar farms in the US, UK and China
• Global copper demand from wind, solar, EVs and battery technology alone is expected to grow by nearly 600% by 2030 to 5.4mt per year.
• Standard EVs contain approx. 1km of copper wiring- translating to 60-83kg of copper per car. ICE vehicle requires 15-20kg.
• Level 1&2 EV AC charging points will contain 1-7kg of copper, while fast DC chargers contain up to 25kg.
• Offshore wind requires 13.5t of copper per MW vs 4t of copper per MW for onshore turbines.
• Solar capacity requires an estimated 4.6t of copper per MW.
• China unwrought copper imports rose 9.9% YTD by the end of April to 1.92mt.
• China copper ore and concentrate imports rose 4.4% YTD by the end of April to 7.88mt.

[denjon] 08/5/2021 10:42

Cu $10,361 mt. This is seriously high and if stabilises will add great value to our assets. Let's hope for some assay results by end of this month.

[all in eol] 07/5/2021 17:18

1,240,695 sold at 5.32
Guess with that out of the way we started to move up.

[the count of monte_cristo] 07/5/2021 17:05

Follow people with proven track records, CB sold Kiwara resources during the last bull run in metals prices for 200m GBP, he took it from a reverse takeover cash shell into a massive copper resource in Africa which was eventually bought out. Every time he does a talk on Share-talk with Zak Mir, his reputation and legacy is on the line, pretty sure that he is fully aware of this. If you listen to his interviews on Share-Talk and get past some of his promotion, he is actually giving some real gold nuggets of information, not just about Bushranger but about his view on the market, which he has been correct about. I don't agree with everything and question things, but what he has been saying has been on the money and he has also been investing his own money in building up a larger stake in XTR.

[the count of monte_cristo] 07/5/2021 16:56

David, I don't think you understand the geology of the Lachlan fold belt. Have a read of the nickel boom of the 1970's to get some understanding of what can happen in Australian focused stocks during a boom phase in a certain metal.

My view in this market is that if you want to make real money, find a small cap copper explorer which is proving up a very large copper resource, preferably one in a safe country with a pro mining government.

[avsome1968] 07/5/2021 14:53

Nice 500k gone through maybe seller finally ran out of XTR shares///

[onedayrodders] 07/5/2021 13:55

Indeed Dave.. But as I found out at Rambler (RMM) this morning, even RNS's change over time .. "fully funded" becomes "another placing" ... plans get changed, things slow down, hints at more money needed.

However, Colin has backed his enthusiasm with his own hard cash in the open market, twice this year. And also no longer feels the need to have daily interviews, to drip feed positive statements.

Don't get me wrong .. this is AIM, anything can happen with any stock, but at some point you have to take a gut feeling about a CEO combined with research, it's the only way to find a multi-bagger if you are open to risk.

ODR

[davetedjack] 07/5/2021 13:49

Need to be very careful reading into the hints that AIM share CEOs put out. They are not worth the paper they are not written on. RNS information is the only sort you can have any kind of belief in and even then it can be a very twisted kind of truth.

[onedayrodders] 07/5/2021 13:48

Chesty .. I think that 5m was a rollover of existing trade, hence 2 trades close together with small premium in the price.

Still bullish but not a new position

IMHO

[chesty1] 07/5/2021 13:44

What you wanna tickle his tummy haha!

[all in eol] 07/5/2021 13:27

joycey18827 May '21 - 13:16 - 1701 of 1701

Rollover

[joycey1882] 07/5/2021 13:16

5,000,000 shares just purchased by someone. Nice

[chesty1] 07/5/2021 13:10

There it is!

Someone is now picking em up, news next week anyone?

[chesty1] 07/5/2021 13:01

GOING BLUE!!!!!!

[the count of monte_cristo] 07/5/2021 10:21

I added around 250,000 at 5.35p yesterday, I am now back all in on this. If they are sitting on what CB has been saying they are then it is just a matter of time before we see the next leg up. But, prices can always go lower. ARCM are now almost double our market cap.

[chesty1] 07/5/2021 09:32

Looks like you may of picked XTR's bottom denjon haha!

Fingers crossed & news next week imho

[denjon] 07/5/2021 09:06

Had a modest top up @5.35p. Thought I had finished topping up but found the current low share price too tempting...

[markinvestor] 07/5/2021 07:33

GLENCORE - CEO Says $15,000 Copper Needed to Drive New Supply. Metal near record high would need to rise another 50%. Price increase required to encourage higher-risk mining