Xtract Resources Share Discussion Threads

[meanreverter] 15/5/2021 18:56

Robo63 : It's been an issue for many exploration companies. Generally, outdoor work like drilling hasn't been impeded much by anti-covid measures, while indoor work, as in laboratories, has been affected.

[robo63] 15/5/2021 16:49

Labs are overloaded? I don't buy that one as an excuse. They maybe busy, if thats the case why not just say so?

[the count of monte_cristo] 15/5/2021 14:37

Goforgold, I always saw you as a short term trader anyway. My opinion is that the market is so hot now that it's simply the fact the labs are overloaded with assays from all the drilling going on across Australia. As simple as that.

An interesting listen, especially where they have no data between the confirmed deposits and suspect they may actually be linked and joined as one mineralized system.

[johnswan193] 14/5/2021 14:20

Likely CBs pre-placing activity was primarily for that purpose. Without it perhaps they would not have managed to get the placing out at the price they did it at. Either assay results not out yet so there is nothing to say or they have entered a close period, which requires him to keep his mouth shut.

[denjon] 14/5/2021 13:47

What's really happening is that AA have made Colin a fab offer for the company and he has gone into a state of shock and has been put on a brandy drip to see if he can be revived sufficiently to write the relevant RNS.

[jezzoo] 14/5/2021 12:59

Zak Mir should phone him and ask what's happening,"Eyup Colin, have you fallen out with me ?You were phoning me every other day and then nowt for two months !"

[p5tvr] 14/5/2021 12:26

gofor..Don't go!! 4p sooooon....LOL

[the diddymen] 14/5/2021 09:40

1882, it was 'weeks' on the 19th April RNS. I would have thought it would have been diarised for Monday. Subject to having the assay!

The assay is obviously a key ingredient in the "2MT" but the final piece of the jigsaw has to be the drill which is the second half of the year.

There could also be MIMDAS interpretation. While that sort of approach is invaluable for technical interpretation, I suspect that there will be one or two cynical punters out there who have had underwhelming experience from other projects.

TD

[joycey1882] 14/5/2021 07:12

Still no news, been 2 months since hole 1 assays.

[chesty1] 13/5/2021 17:47

Goforgold we did here from him after the placing adding in his own money AGAIN!

[chesty1] 13/5/2021 17:46

Don’t throw all of the money into one project! Eggs all into one basket or get proving up other projects proving its not a one trick pony!

CB will bring on the news when good n ready! Not a single worry at all here just a case of patience which most in this game do not have! Wanting double bagging daily our time will come for sure!

[all in eol] 13/5/2021 17:35

gfg,
Not good to use the money to advance all projects???
You should be more worried about using it for working capital as well if your glass is half empty.

[goforgold1] 13/5/2021 17:29

What's happened to CB . Not a word fromHim since he raised another 5 million . Plus if you read the statement he is going use that money towards the other projects . So robbing Peter to pay Paul. Not good

[all in eol] 13/5/2021 17:28

2,000,000 at 5.27 the reason for today’s weakness.

[chesty1] 13/5/2021 08:22

Twice now CB has stumped up his own cash he’s getting on a bit now and this is his best egg into retirement! I am with you CB I can wait!

If you cannot wait go chase the hot potato stocks simples

[chesty1] 13/5/2021 08:13

No need for words of wisdom

Colin Bird, Executive Chairman said: "This fund raise has been implemented on the back the excellent results of the Phase One drilling programme at Bushranger. The Company's intent is to accelerate exploration activities with an objective to target the 2 million tonnes of contained copper resource necessary to trigger a major company 80% buyout option. All the indications are that the Racecourse project and surrounding areas have the potential for a large porphyry conglomeration.

At the moment there are a large number of active exploration projects in Australia and we are keen to contractually engage our chosen drilling company and additional geologists of a calibre suitable for our proposed programme. We intend to commence drilling no later than July 2021 subject only to the aforementioned and New South Wales State approvals for drilling pad positions. In light of the favourable and improving copper price and forward projection we are optimistic that our efforts should lead to a world class p orphyry system which can compete globally in an environment where p orphyry deposits are much sought after by the major copper producers."

Sit back relax and wait for it all to start again, bring on the 3D modelling!!

[onedayrodders] 13/5/2021 07:49

Don't fart in the bath

[2603] 12/5/2021 21:40

Chesty! Any words of wisdom from you?

[goforgold1] 12/5/2021 18:58

They raised nearly 10 million since January. What you expect loads of overhang out there of shares . Been a month and it's done nothing share price . CB forgot about this for now. Got his money lol . So no need to pump it up

[papillon] 12/5/2021 14:14

PERE's rise this morning shows what good news can do to the share price PERE is a similar Cu/Ag/Au hopeful, like XTR, but operating in Alaska.

[joycey1882] 12/5/2021 10:30

Do we think the next assays will give us more of an insight of the total size/tonnage of the site. I guess we expect the grades to be around 0.3-0.4ish (anything better then great obviously) so it's the overall size that we need more an indication of. Hopefully the 3D will be available soon too.model

[onedayrodders] 12/5/2021 10:11

You won't be alone

[cboney] 12/5/2021 09:56

hope i am wrong this time ,but i'm a glutton for punishment .been caught out many times before and have a fair bit tied up in this one and have been adding for a few years now.

[chesty1] 12/5/2021 09:30

You are wrong cboney! Why would CB pump his own money into XTR if it wasn't going to come good? Ask yourself dat one!