Xtract Resources Takeover Rumours (XTR)


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Xtract Resources Takeover Price

Xtract Resources Takeover Forum Posts

Ideally a good update tomorrow followed by a takeover offer on Monday would be useful !!! :)
Good old days..u bought GKP at 13p had a good ride sold at 180p. That company is on verge of a takeover.
Don't you just hate these sudden big rises! Confusing and unsettling. Heaven help us if we get a takeover offer :)
So listen to CB discussing his strategy for todays GLR deal with Sandfire Resources, who have a Gold-Copper mine in Australia. Clever, I like it. It doesn't take a genius to apply some of his thought process to Bushranger, simply put, prove it up and then sell it for the maximum amount of value he can. Just like he did with Kiwara when he took that company from a reverse takeover capped at £10m to a selling it for over £200m to First Quantum. It's not going to take 2 years to prove up and sell this project. Why? Because it's not starting from scratch, like with Kiawara, it's already a large known desposit in a fantastic location. Just keep drilling and increasing the numbers and it will sell it's self. hTTps://youtu.be/w7IMSJl8XoU
A note to my above post about Kiwara, XTR are starting much further down the exploration line, so I have a takeover target of 9-18 months. Bushranger already has a large JORC resource and is already in the top 30 deposits in Australia. After the first and second round of drilling and perhaps drilling to determine the other prospects on the license, I would expect the resource to grow exponentially. Also worth noting that comparing Kiwara to XTR gives some example, but that was 11 years ago now and prices have increased since then plus Bushranger is in Australia with excellent infrastrtuce around the deposit. Cadia-Ridgeway's AISC is less than 200 USD! The right location. The right time. The right geology.
Two months time that’s getting ready for a takeover then haha! One things for sure in two months time no.2 drill will be well underway if not complete!
I have been in this share for more years than I can remember but with an average cost of ten pence will be in for the long haul which I anticipate will be a takeover as Colin Bird has done that before
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