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It appears that the CCP are realising their covid policy error and are slowly releasing restrictions. This should also help copper prices.
https://www.reuters.com/world/china/scattered-easing-covid-curbs-across-china-after-week-unrest-2022-12-02/
The idea of an XTR RNS Advent calendar sounds good to me.
So often we get some news of one aspect of the company (e.g. first pour of gold) followed sometimes by a little twitch of the SP. Then the 'yes, but ...' brigade pipe up and belittle achievements elsewhere with their tired old narrative of over promising, over enthusiasm, mispronunciation of 'ole, etc. And the SP falls away again.
The value of a news barrage, probably best separated by a day or two each, coving 3 different aspects of the company's activities would indeed be a joy as we open those calendar windows, each new RNS announcement to be found inside bolstering the previous one and presenting the true picture of a company doing well on all fronts.
'appy Christmas to you 'n all Colin!
'
Copper looking firm at c8,340$ mt
Q3 Alluvial results should be released by end of this month. Imo they are unlikely to be released in between xmas and New year so that means they have until Friday 23 December before market closes – 3 weeks to release this info.
Also, RNS stated that Ascot MRE should be released by end of the year .
Also, Empress Royalty have also confirmed FB should be at commercial production by end of the year.
So it’s possible, (probable?), that we may get all or some of Alluvial (+ small Hard rock) results , Ascot MRE and FB update / first income declared within next 3 weeks. If not, then early Jan is going to be busy !
That's a few goes at getting sp back up to at least 3p fairly quickly.
Yes, Racecourse is the main Jewell in the crown, but let’s not forget there are still a lot of other very nice precious stones in that crown :)
Andrew.... you are at the top of the list based on sheer perseverance, dedication.....and time spent.... Wear the badge with pride
The alternative view is to DYOR and not to try and second guess what anonymous poster's real intentions are.
The point many miss imo, is that just because someone is being completely honest with their view, and there is no hidden agenda, that doesnt mean they are right !
So DYOR and view others opinions with either some interest or amusement :)
Very intresting & humouring
Watch out for these groups and individuals - they stand out over time but check the lists below if unsure.
.If someone has a known history of pumping and selling then why trust them now?
.Look out for long posts trying to wow you with knowledge - Repeat copy and paste types.
.Groups will attack in packs if not towing the line, try to get others to "block" or "filter" etc. Block no one, read everything.
Not too much in that Cornford article but he did say
"What worries investors is that it might now be to small with too sp**** grades, to be economic to develop.
That however looks a bit pessimistic. "
So he also seems to agree with Iceberg. On balance it should be economic . I assume that means at broadly current POC as it obviously will be economic at a much higher POC.
My repeated view here is that this will do well but not as well as CB has implied (does it ever), and I think that's what appears to be happening.
Obviously POC will play a big factor in how well this will do.
Really wouldn’t like to guess what algorithm is used to compile the list of top rampers. I yes jamesiecakes, a pathetic 144th is only 10 places above FatherTedFeck and humbogumbo
Must try harder James ;-))
The list is like a who’s who, I can remember most from top half and many others.
Ben
Better than bloody 144th!
Cheers
James
Speaking of farcical : I've just looked at it and that rampers list is just that too
.. and you should indeed see 27th as a compliment Ben 'owell
PS: on a longterm perspective, I'd have put captainbob top of that list :-)
No mention by him of African assets being part of the market cap.
Ditto many posting here for a long time too
Farcical imho
I'm quite disappointed with my 27th place to be honest, way below Nice to Michu. Or perhaps it's a compliment, saying I write balanced posts ;)
I actually think it's out of date - CE and news have hardly posted recently. I do wonder what's happened to them.
He doesn't really provide any insight. It smacks rather of a need to fill some column inches rather than a journalistic analysis of fresh information.
That article sort of implies that the circa 1mT is the final amount in racecourse. It is what can be attributed a JORC rating. There is more around that proven 1.1mT and more deeper down. In all fairness he does say we are waiting on what Ascot has too.
https://masterinvestor.co.uk/commodities/december-mining-update/
Try this
Interesting and seemingly well-balanced article on XTR by John Cornford in Master Investor publication today. He was the person whose articles first got me interested in XTR. My techie skills unfortunately not good enough to post a link .
One thing that has come out from steves demolition derby is that I have discovered that pumped or dumped ,com is a complete load of tosh!
I am only second place of all xtract posters!!!
But congrats to Andrew4444 for the number one slot ;-)))
Ironically, I believe Andrew is probably one of the most trusted and respected posters here, with a measured approach to optimism always on the air of caution and usually backed up by the facts.
I would just like to point out that the £3.86 CAPEX is for a small box of weetabix. The cost of petrol to pickup the box is the same if you get the huge family box on offer.
SteveAndrew8521 thanks.
Open at 5p tomorrow and 6000 posts about it up to 8 in the AM based on that calculation.
Yeehaaaa !
Steve4077 here borrowing Andrew4444's computer
I've run the Fairbride figures through my super spreadsheet and I've calculate income will be £3.86p a month at $2000 POG.
I just wanted to be helpful to you guys by giving you all the facts.
That made me laugh LittleWing .. thanks .. we certainly can all do with a laugh here now..
And I'm wondering if Steve... Austin? - as in the 6 million dollar man... as in the amount that analysis hit the xtr market cap by - is taking your post as an open invite... and is busy doing some Fairbride number munching at this very mement ?!
That is pretty compelling. If the central overhead remains within £2-£3.5m per the last two years' accounts, that would make for a tidy bottom line in its own right.
I forgot to mention there is an interview on the Empress website, they were asked about Manica and re-iterated they expect a production ramp up towards year end, they are very confident about the revenue stream, to get an idea of value they have invested $3m to secure a 3.3% royalty.
I recall in historic interviews that Xtract would receive revenues of $500,000 a month from Manica (with no costs) once it hit commercial production - would bring in annual free cash of circa £5m verses the current m/cap of £17m
Makes XTR equity looks silly cheap in my considered opinion.
Update.
Didn't last long.
Still
202.5 to sell but
207.4p to buy
Let's hope this was oversold through panic and we start to increase
20