The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Appreciated :)
just supporting your view
Jollyspeculator - do you mean you wanted to highlight as well as recommend or have I missed your meaning of that post?
"'I'm still waiting on your valuation for the other projects to justify a sub £30m mcap.
Since you 'value it in a different way to me' and if you're to be believed (which is questionable) 'have just over 7m shares' (£450k+) in here surely you have some workings on project metrics/valuations?"
so good...so I couldn't just recommend it
Indeed it is CE - good to have a re-listen, thanks for posting.
A must listen for anybody that is already invested here, or who is thinking about taking the plunge, is the Saturday 6th Feb interview, given by CB which covers the state of play on all fronts to give a very comprehensive picture of what XTR is all about:
https://www.share-talk.com/xtract-resources-plc-update-with-colin-bird-executive-chairman-xtr-l-interview/#gs.uygf30
Calm down bitcoin. You were challenged, that can happen if you make big claims. Which you have. FWIW my strategy works too. Very well. 3,000% PF return in past year. Capital Preservation very important - if I'm not sure I exit a stock and that has worked extremely well for me. I also leave feelings out of it too.
My frustration is that you seem to be happy to play the armchair expert giving a company valuation, lowballing all of the other projects but you're not happy providing any sound reasoning or calculations to back up your statements when challenged?
"Neither does your deemed valuation ... Just one driver for me ... SHARE PRICE"
- Share price is dictated by market cap which in turn is dictated by the valuation of the ALL of the projects within a company combined, hence my issue with you talking down the other prospects that make this company exciting.
As I said before, do what you will, it's your prerogative - it's 'your money invested'.
I'd appreciate it, however, if you don't rubbish our other prospects without knowing what you're talking about.
Market clearly likes the news
Dibs ... JDAU.. your opinions of my investment strategy mean nothing to me.
Neither does your deemed valuation ... Just one driver for me ... SHARE PRICE
I feel comfortable with my investment strategy... it works . Gut feeling , perception and research
Have a look back through my XTR post history since November last year.
I rest my case.
"I obviously value XTR in a different way to you .. Which is fine. No right and wrong answer."
I do not agree with this statement, there absolutely is a right and a wrong way to value a company, it's business!
For your to say there is a maximum value of £30m for all of the other assets XTR have progressed is the 'wrong way'.
You assign little to no value to the mcap for income from multiple projects (current + imminent + future) and seemingly little to no value for our other potentially large copper assets in a rising metals market.
Do what you will re buying and selling based on the Australian asset only, that's your prerogative as an investor, but don't post a suggested price cap for projects you clearly do not understand and cannot justify.
I'm still waiting on your valuation for the other projects to justify a sub £30m mcap.
Since you 'value it in a different way to me' and if you're to be believed (which is questionable) 'have just over 7m shares' (£450k+) in here surely you have some workings on project metrics/valuations?
If I'm unsure about an investment I wouldn't be holding at all. Especially £100k's + worth! You can't just unload 7m shares at a stroke in this kind of stock. I concur with jolly I thought it strange that in one sentence you say its your biggest holding and in the next say you are not sure about it. Doesn't quite add up, at the very least I would be derisking. But hey each to their own.
JDAU... I obviously value XTR in a different way to you .. Which is fine. No right and wrong answer.
My largest holding.. By that I mean I have just over 7m shares .. Most at 1.55 and 1.85p priory to the first drill
Before and just after Xmas.
XTR had failed to meet deadlines for other projects .. Sole purpose of my investment was to get exposure in the form of UK listed Lachlan Belt exploration.
The African projects need to prove their worth.. ATM here say only .. Proof is money incoming ... landed in the ac.
We all need to step back from the initial hype and be honest with ourselves. I am not selling or buying..
Sat waiting for assays ... not best interceptions along the entire plunge and a drill trajectory diagram.
If good will invest further.
If I do not see it I will sell ....
Simple for me... If the Bushranger is economical to mine...its a buy
If its not its a sell
If unsure it is a hold.
Ps. I agree with you re Bushranger being the "lion's share" as you put it, but In my view you're effectively ignoring everything this company has been pushing for over the last several years prior to the Australian acquisition in the middle of last year.
This company is not a one trick pony as is the view you seem to be trying to push.
You're suggesting a maximum valuation of £30m for everything else XTR has on the table - so show me your workings.
CE I agree, but -and I hate using TA- this is clearly in a rising channel. We were 5-6p now 6-7p, in a couple of weeks time probably 7-8p and by the end of the month the channel is 8-9p, this is obviously with all the major drawbacks of TA around news etc. And tbh I am not sure it's worth too much, but it does show a generally rising share. As you say, liquidity is falling, we were dominated by large sells and medium buys, it's rather reversed now. It should reinforce any rising.
Bitcoinbuyer, I'm confused as to how this is your 'biggest holding' yet you don't seem to understand any of our projects or their value. At it's maximum you're suggesting 3pps (an mcap of circa £22m) to 4pps (an mcap of circa £29.5m).
To give a brief overview:
Manica Fairbride hard rock: “Xtract will receive between 20% and 23% (dependent on prevailing gold price) of the hard rock after tax operating cash flow”
N.b. production will be circa 30k oz pa
Also has a buy out clause: “· An amount equal to 80% of the net present value using a discount rate of 15%; or
· US$20 million”
Ref: https://www.lse.co.uk/rns/XTR/manica-hard-rock-collaboration-agreement-ghoo8qdt7s68ji6.html
On top of that we have:
- Manica auxiliary hard rock production(Guy Fawkes/Boa/Dots luck et al) being shared 50%-50%:
“Excellent gold intercepts at Dot’s Luck include:
- 11m at 6.53g/T Au including 6m at 10.41g/T (DLD18)
-13m at 3.88g/T Au including 2m at 14.26g/T (DLD19)
Excellent gold intercepts at Guy Fawkes include:
-2m at 11.15g/T Au including 1m at 21.96g/T (GFR03)
-3m at 2.35g/T (GFR04)”
Reference: https://www.asx.com.au/asxpdf/20131127/pdf/42l5b7g6bfykxh.pdf
- Manica Alluvials (multiple contractors)
- Zambian copper assets (exploration and production)
Ref: https://xtractresources.com/projects-operations/
How you suggest this company without our Australian asset(s) is worth only £20-£30m is beyond me.
Maybe you'd care to share your workings/valuations for the various projects so we can all see you justify your statement?
Jolly , No disrespect . If you are wanting to ride this long term without the unnecessary spikes we need to do away with the rose tinted glasses.
It is ok coming in for 50% - 100% trading profit but the multiples will come if the facts stack up.
As time goes by, without any particularly good news or other sorts of hype, more and more shares will end up in the hands of those that have a greater understanding of the company and the potential for all of its assets. This may be a reason that we seem to be consolidating between 6p and 7p at the moment.
Traders and short term punsters are important in creating liquidity and therefore positive movement in price, but they tend to disappear during the quieter times and the SP can settle into a more stable trading range - albeit only until the nexy sensational news arrives.
-A pattern we will have to get used to at XTR over the next few months, I think...
Assays results wil be pivotal in time.
AA do want top quality assays to start with I presume
JDAU, I have clear opinion on that as been invested since 1.35p last year .
Bushranger is the lions share of the value here by a country mile .
If the value is proven up to be around the AA buy out resource... Ker ...ching !
Personally I tend to agree with bitcoin about 3p to 4p for the other stuff. Was just thinking this morning could this share ever be worth 6p without bushranger? Highly unlikely.
The other projects have been known about for a long long time with endless delays and virtually zero income (tho eureka appears to have progressed quite well).
Some interesting plans and forecasts for Africa , but more than £40m cap? No chance -the (admittedly inefficient) market valued all that at around 1p ast year let’s not forget that.
This is nearly all about bushranger now. (Above maybe 4p max). The benefit to the African projects is that the recent cash raise will enable quicker scaling of them.
yep, bitcoinbuyer is almost a subtle deramper
"BIGGEST HOLDING" but why?? given his/her (or non-binary whatever lol) scepticism?
All the recent rns; the proximity/geology look more than promising for a massive hit here...but there are always risks...that's the joy of this game/gain
This thing just keeps getting bigger and bigger and there is no doubt in my mind that we have more than enough volume. Which means there is one final hurdle to get over before we have a clear run to the winning line... confirmation of sufficient concentration levels of copper and gold to make the beast viable to mine. Once we are over that, it is just a matter of how big the win is going to be.
Assay results please!
Bitcoinbuyer: "With the best will in the world without Bushranger fully producing African assets we are 3 to 4p a share max"
You clearly have a very poor grasp of our other assets if you genuinely believe that statement.
And those pressure release pipes can be the size of a cathedral if you've ever been
to the Undarra Lava tubes you'll know how large and long they can be.