Xtract Resources Share Discussion Threads

[likya123] 04/5/2022 13:31

Silly rumours of a 5p placing which makes no sense if they're about to do a deal.....scaremongering!

[arcadian] 04/5/2022 13:22

Until we hear from Colin I think we should let him get on with it. Time enough for counting when the deal is done.

[papillon] 04/5/2022 13:03

One can't predict share prices because they are driven by news, but what I will say is that the XTR share price often drops back to the 200 day EMA which invariably acts as support. The 200 day EMA is currently around 5.5p and slowing rising.
Check it out for yourself. That's the 200 day EMA, not the 200 day SMA.
Patience is required here, so it's not a suitable share for goforgold1 to be following.

[sarcoline] 04/5/2022 12:55

Testing 6p

[asitis] 04/5/2022 12:36

If AA were interested the share price would not be falling back to 6p. So why do you think that is the case then ?

[tdoubleu] 04/5/2022 11:57

Oh Dear, go back and read that post, it seems to be your favorite. He did not say it was worth 5p or could be sold for 5p, you have miss-understood, you can ask him directly although if you read that forum he did explain. I have a house, I guess you could say it's worth the price of the land plus the price of the materials used to build it, I would be completely insane to sell at that price though so that's not what it's actually worth on the market, do you start to understand?

Fund raise prediction was for a couple of months away and he expected it to make little difference (so it won't be for much and the share price will be higher if it happens) However this is one posters prediction and not gospel even to himself (ones predictions are what you could see happening, where you would weight the probability above 50%)

Why bother posting when you have nothing to say and only try and twist what other people have taken time to think about and write, you don't just add no value you add a negative value to any discussion you take part in (at the moment, feel free to change)

[asitis] 04/5/2022 11:44

Go check his Bushranger could be worth 5p post and his recent fund raise prediction. Bird has openly given his posts a seal of approval. Its going to take some almighty spin to explain to shareholders that the path they have been led down is a dead end if there is a problem with the mining approval process . Oh dear.

[tdoubleu] 04/5/2022 11:35

Just to be clear, he didn't predict 5p, he hasn't said funding is coming soon. You would know funding was on the way soon because XTR would release lots of RNS and Colin would be doing podcast interviews not radio silence, they would want to dilute as little as possible.

So, Oh dear Asitis you are talking nonsense.

[asitis] 04/5/2022 10:32

It looks like a funding on the way as Mr Bird's mouthpiece on lse has paved the way with his strangely inside like knowledge. His prediction of 5p value looks correct too.
Oh dear.

[the count of monte_cristo] 04/5/2022 10:00

meanreverter - I didn't write the link. You can email the author to ask him.

[picardy] 04/5/2022 09:49

How likely is that, does anyone have a view? I thought the recent exercise of warrants as well as revenues from the African assets should provide the funds for the Bushranger exploration programme? Has anything changed?

[goforgold1] 04/5/2022 09:05

Something not right here news by April May gone very very quite . Funding coming here

[meanreverter] 04/5/2022 08:07

The Count — Please would you clarify “1,400Mt gold and 1,400Mt copper”? I don't know what “1,400Mt”; means; nor would any meaning I could ascribe to it (1.4 gigatonnes of gold??) make any sense. Are you perhaps referring to quantities of *ore*, rather than metal? The same applies to “103.26Mt gold and 103.26Mt copper”. Also, the coincidence of the copper/gold numbers suggest that the same ore has been assayed for both gold and copper.

[denjon] 04/5/2022 07:46

No news is good news??

[the count of monte_cristo] 04/5/2022 03:43

Looks like Anglo American are looking at Khoemacau in Botswana, would be a very good acquisition for AA IMHO.

[the count of monte_cristo] 04/5/2022 02:48

Copper projects under development now have an average grade of 0.39% or less, according to Mining Intelligence...

As a rule of thumb, ore from open pit mines can be processed for $5-$15 per tonne. The cost of underground mining varies on a number of factors including the depth and complexity of the project, but it invariably costs significantly more than open pit mining (particularly when factoring upfront capital costs).

One of Australia’s largest gold/copper projects, Newcrest’s (ASX:NCM) Cadia, is currently extracting less than 0.4% copper equivalent, plus gold at grades of less than 1 gram of gold per tonne (g/t), with probable reserves of 1,400Mt gold and 1,400Mt copper, illustrating how below average grades can be profitable for a large project.

Australia’s second biggest porphyry copper mine after Cadia, CMOC’s Northparkes, has returned above average grades of 0.6% copper and 0.2g/t gold with probable reserves at the project of 103.26Mt gold and 103.26Mt copper.

[papillon] 02/5/2022 19:34

The following 5 year XTR log charts are just a bit of wishful thinking on my part; pure fantasy. I've only posted it so that I can compare it with what actually happens to the XTR share price during what remains of 2022/2023.


free stock charts from uk.advfn.com


The following chart has the Bitcoin chart overlaid. Please ignore it; it's only there so I can extrapolate the vertical axis upwards. This chart shows that TCofMC's and TD's target price of 50p in 2022 is not impossible!!


free stock charts from uk.advfn.com

[ifc2] 02/5/2022 14:15

Count keep up the good work here.

[the count of monte_cristo] 02/5/2022 12:43

Thanks for that Arcadian. The funny thing is that p5tvr follows me around the boards and then invests in the stocks I share my research about. The fella is a sad man, best to filter.

Another investor in XTR sent this to me today, Anglo on the hunt for copper in Australia...hmm

[pngasef] 02/5/2022 10:34

Short it then!

[guyshelby] 02/5/2022 09:50

It’s about large volumes of consistent economically recoverable grades. The shallowest higher CuEq grades, will be processed first to return CapEx and so on.

[steve4077] 02/5/2022 09:41

There are plenty of deposits with noticeably 'better' grades than Bushranger that will never become mines. They are often halfway up a mountain in the Andes or in the middle of the Mongolian desert, a thousand miles from the nearest port, or in a country with an unstable government The capital infrastructure costs and extraction costs are so high that the higher grade can't overcome them or the political risk is just too high. Bushranger is close to existing infrastructure, in an existing mining district in one of the friendliest jurisdictions in the world and can be extracted via open pit. In simple terms, it comes down to value of minerals recovered minus cost of extraction, with a modifier for level of risk. Of course, its a lot more complex in reality, but the basic principle holds. Anyone who fixates on grade without considering the wider context is going to make some very bad decisions.

[lurker5] 02/5/2022 07:16

Of course its about grades. You don't think AA would buy 2mt Cu if disseminated over a 10 mile wide pit do you ?