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It's the CB holdings increase that's the most interesting part of that post imho... and I note Andrew separated that from rest ...to point such out, I'd guess.. but how exactly that extra accumulation happened - as most here have long realised, no doubt, I'm not following this share closely enough to comment on.. - eg salary as shares, vestings, conversions, bonuses in shares, on market purchases ..etc.. - but Andrew on the other hand follows this exceptionally well/ closely.. and so maybe he's well placed to comment on this..
I think that’s the total shares held by the broker for individual shareholders.
Clearly by choosing not to invest!
Interesting knowing who holds what, I wonder how the big boys react to CB`s over the top statements.
https://xtractresources.com/shareholders/
For info, if anyone is interested.
Just been updated on website from 8 Dec.
Changes from last recorded in June 2022. Latest holding stated with change from June holding in brackets.
H and L 155M (+10m)
Interactive 95M (-8m)
Halifax 71M (Unchanged)
Barclays Wealth 52M (-4m)
Alex Terry 52.25M (+5.6M) Those extra bought after big drop in early dec.
AJ Bell 49M (+7m)
Colin Bird now 16.754M (+2.168M)
I believe listening to CB's overenthusiastic podcasts have cost many here a great deal of money.
Good point, well made Pastyhead
(And Pastyhead does indeed rhyme with Ted :-))
Such posting - and Africa Gold, of course - encouraged me into another top up here today.... and more top ups to come from me as we go, I expect.
It's surprising when looking at caravel minerals pfs on their project the similarities with bushranger an ore reserve of 583 my @ 0.24 copper giving 1.42 Mt of copper .The ore body is two distinct areas called bindi 1.13mt and dasher 0.29 Mt and the plan is to work a higher grade area at 0.28 copper for the first five years to pay off the capex !!!.Maybe we could just steal Thiers pfs and put our names on it.Encouragingly the study does produce a profitable project at today's copper prices which bodes well for us.
Many traders use the RSI as a signal to buy or sell, it is worth noting the RSI for XTR is currently at a 4 year low, the stock is materially oversold therefore.
The bottom seems to be in IMO.
Someone just purchased 750000 shares at just under 1.80 and who would have imagined that only a couple of months ago but really does look like this is the bottom and hoping for a rally from here
In the space of a good few months, we have gone from supposedly, a PFS not being a prerequisite to a sale, before the decision to mine was the preferred option to trigger the buy back. To now, it would seem a necessity that AAL, expect to see, and that Xtract will have to provide to support the DTM. Ok, to be fair then, it was always going to be that a PFS was a requirement as for as long as I can recall, the hope was for the DTM and the 2mt threshold were to be concurrent to put to AA.
As long as the economic mining study shows good potential then, they will at some point in the new year, further commission Optimal mining solutions (would assume) to do a PFS. What we do know is they are essential to justify continued investment as it would reflect the increasing economic and technical knowledge gained from data gathered to date. Further to that though, a PFS is a thorough preliminary assessment of all the important elements of the project going forward from environmental and social impacts to the business end, with estimated costs of technologies etc.
Not to be underestimated, it is a serious undertaking. As for cost of a PFS, a simple search would imply anything from 0.5% up to 2.5% of overall project value and can take from 3-5 months to complete. I’m fairly certain that some of the extra drilling particularly to the recently converted indicated parcel of RC will in turn and in part, need to convert further to measured resource. A criteria of the mineral estimate inputs for a PFS. No surprise there, the extra drilling was anticipated as far back as early august after the completion of phase 2.
Feels like the project has already turned more serious now. Certainly on from avocados and onions when I initially thought, what the hell have I invested in? A copper porphyry play or a game of supermarket sweep? So I for one am looking foreword to a far less speculative year ahead, as the company consolidates and further grows both sides of the business in the coming year. What is clear from current shareholder sentiment though, we need far better transparency, consistency in timing of news releases and professionalism through the PR that’s released going forward so a new influx of investor that will have the confidence to invest as old money gets opportunity to get out. Unless that belief returns and soon. Cue the impending economic mining study. After all, BR is the primary asset in the stable that has the ‘most’ potential to drive up the market cap short/mid term.
Eyes wide open going into the new year, just glad ‘22 is almost over, and hoping the Micky Mouse way of promoting is finally over too! It’s not a joke anymore where people’s hard earned money is at stake. All in still and happy to be.
3cb. You could be right. If so, I'm ready for me final, final and indubitably last top up! That's the Guinness talking; I'll probably be ok in the morning :)
Blimey. I understood it would be a full trading day today. If so, you will have another chance later to top up again even cheaper.
CB is the P.T. Barnum of AIM and I am one of the suckers born every minute. Just contemplating a last top up before 12.30. A shrewd investment or good money after bad? Oh well, only time will tell. Let's hope for good things in 2023. Happy Christmas all.
Lovely poem Andymillsy - I hope you are right at 40p.
At the end of the day, we still have 1.3 MT CuEq in the ground and I expect both copper and gold prices to go up considerably in the medium term. Am down but haven't sold a bean but I take this recent slide as a lesson to take profits when you can.
Anyway, thank you to all contributors who make this one of the best and most informative BBs, and that includes Steve4077, who I believe has been a little unfairly blamed for the sp slide when it was the miss on the (bloated) expectations of a 2 MT Cu target that was really to blame.
Merry Christmas and Happy New Year to all!
Z
Keep faith Niceto; next year is definitely our year! Hope I didn't say that last year!
Happy Christmas and New Year to all.
All very interesting and totally academic!
What I really want for Christmas is some FACTS.
Live in hope for 2023.
Merry Christmas everyone.
well I did another top up for good luck this morning too Blimeyori..
(Fair Bride 'ard Rock is my main focus here currently.. and I expect early 2023 to show that to be a fine cash cow asset for years to come.. and the market to then wake up to this)
Happy Xmas all
Market closes at 12.30. Get your orders, top ups, averaging down whatever in. I've done so at 1.85. Definitely my last for this year. Roll on 2023. Let the recovery begin. Well, I must say I admire my own optimism!
Dani
I'm assuming your question was for me andI certainly wouldn't be so rude.
Future sell price of BR divided by number of shares in issue at time of sale = notional value per share of sale in example below I chose 40p for shock, awe, humour and controversial impact.
With some rough assumptions .... considering outstanding warrants, options etc then let's assume number of shares in issue =1bn at future sale date. Today its about 800m shares in issue approximately.
So the very hypothetical sell price for BR in the mythical example is 1bn shares x 40p so £400m.
I could have said for the last line
"with the winner emerging with a to purchase price of £400m" however I found the rhyme and stanza difficult to reconcile.
Please note the choice of 40p per share (aka £400m) caused a challenging ethical dilemma this was resolved by consuming a copious amount of alcohol
Andy formally Andrew but not 4444
Very good Andy !
I hope the last line proves to be correct :)
Andrew
I posted an alternative and more science based analysis of the share price projection factoring recent and projected developments.
It appeared on the other channel apologies for those who also peruse the dark side and for whom it is a repeat
'Twas the night before Christmas, when all through the house
Not a creature was stirring, not even a mouse;
The assays were back and filed with great care
In hopes that 2mt soon would be there;
The shareholders were dumbstruck and all sh*t their beds,
When Bird's 1.1mt @ 0.22 messed with their heads;
Has the Bird at the helm got us all in the cr*p?
Or was there a chance that a deal could be had?
A decision to mine caused some uneasy chatter
Could African income really solve that matter?
Anglo American said "Exercise option? Cheerio and goodnight"
Then the copper shortage began to bite as $5/lb roared into sight
Desperate majors chased the Bird with great zeal
With cheque books and pens poised to strike a deal
When Newcrest and BHP began a bidding affair
With the winner emerging at 40 pence a share.
Many thanks Andrew. That would do nicely. Hope your predictions are spot on!
Just to finish off and complete the prediction.....
SP back up to 8p to 10p by last 2023 and any buy out will be at a 25% to 40% premium to sp - so a buy-out of circa 10p to 14p by late 2023 / early 2024
Butler
My best guess is.......
Q3 alluvial results will have very little if any change to the sp. They will probably be between 50kg and 70kg.
This is distinct to the much more important FB hard rock income.
First report of FB income should see the sp rise even if its not as much as we hoped for due to processing of low grade ore first. It will show we have an income stream started and one that will keep increasing. No idea by what % sp will rise but I think we should be back to 2.5p to 3p range depending on how good the initial results are. Commercial production is not FULL production. That will happen by early Q2 imho then we should see some sp appreciation.
The release of the financial model should see a big rise in the sp assuming we are economic at circa $8500? If its showing economic at 10K then I can't see the market liking that, but I also can't see the sp going down much as we seem to be prices for Armageddon scenario at this sp anyway :)
If its economic at a price lower than the POC at time of release, and the POC could be 9K by the time the model is produced (or more to the point when its released as it may be held back awaiting higher POC) then we may see us back to 4p+. I would then hope for a slow sp climb as continuous news from April to end 2023 implies that we are being positioned for a sale
That's all IMHO and my best guess...but you did ask :)