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I am speechless we are only valued MCAP at £31m if those are accurate figures. (I don’t doubt your calculations).
Without any additionals and takeover potential we should be at 6p minimum.
the £10m :
100kg of gold per month from Fairbride, currently thats worth around £4.6million per month . we are on 23% of some significant operating profit element of that (don't have all details to hand) but guestimate 23% of $1000/$1780 x 4.6m$= c$1m per month (as believably quoted by CB and audited by this board as an upper figure)
If you add in the alluvials income plus other african income which MAY avail in next few months then $900k per month appears definitely achievable x 12 = $10,800
will soon be GBP dollar parity so there you go.
speed written e and oe while writing a client contract which I hope will be tighter than the AA buyout one
£10m per year income? Where did you read that data please?
NTM - completely agree! Even if we do discount our African assets, the market caps are skewed. But also perhaps does it hint that Colin could do more to advertise our assets and gold income?!
Caravel even (not Carval)
You guys are killing me with all I had to read here for w/e catch up :-)
But it's all good debate and a good BB has a broad church of opinion , as this one does. Which is great imho!
I think Spaceman went by Dragonslayer on II board too btw.. I was on that for years before I swapped to this .. and he was indeed some speciman for one speciman !!
Having been in this share for many years now I must say that my thinking on CB is very much in line with other Long term holders here..and I'd offer if some of the shorter term holders had been here longer .. etc..
To seemingly endlessly over promise on sundry timframes for so many years as CB has, does have s/p implications, without doubt imho. That said there is also a perfect macro storm of events happening around now too and that has major implications for this s/p too.
Seen as plenty are having a moan here around now, I'd like to play too:
One thing that annoys me regulary here - and I 'd have Ted dismissed form the clerical state for it.. but many others are somewhat guilty too - is the Market Cap here has African Assets AND Bushranger together .. And while hopefully the Einstein's here are eventually going to be plenty /very right on Bushranger being amazing for this s/p in the end .. right now, it's not.. and of the latest m/c here - in the 27 - 30m gbp range - I offer that 15m plus of that could easily be for African assets .. so how about for eg - and I see Ben 'owell as a good poster generally and so don't like picking on him here - comparing Carval m/c to 10 to 15 m - max. right now imho - that being the Bushranger element of Xtract's TOTAL M/C, please.
https://www.reuters.com/markets/deals/oz-minerals-rejects-bhps-58-bln-nickel-copper-play-undervalued-2022-08-07/
Copied from Solg bb
Thought I'd have a quick glance at Caravel's porphyry resource JORC. It's assessed as 2.8MT inferred at a..... 0.1% cut off. Only 1.67MT when using a 0.25% cut off. Using the cut off that Xtract has been using, 0.15%, it's at 2.45MT.
Interestingly, of the 2.8MT at 0.1%, only 287,300 is measured. 1.2MT is inferred.
I think xtract's resource will be smaller than this ultimately. (Who knows with a phase three?) Their resource is also pretty shallow.
In our favour, however, is the fact that as far as I can see, they don't have a run of continuous copper. We have 900m@0.3%, while their greatest stretch of mineralisation was 196m.
Comparison of market caps:
Caravel 94 Aussie dollars = 54m GBP.
We are currently 29m GBP.
One last point, they do not have 10m GBP income per annum like us (touch wood).
Hopefully we're now in the top 20 list of potential targets for the big boys! Haven't a clue who the other 19 might be :)
BHP CEO when appointed said he'd move BHP away from O&G which when I looked in Jan indicated a future revenue gap of 40% that needs filling. Only high volume metals fill the bill and as I recall BHP are already nuts deep in iron ore so Iron and Copper look good fit for M&A for them. I also recall an article they'd shifted HQ (or have decided too shift) to Aus so imo a close eye on Lachlan fold high volume potentials I expect will be in their strategy.
Looks like an opportunistic bite at large existing volume which if rebuffed may mean accumulation of more prospective future plays at the cheaper end but even if they end up buying big existing volume producers then the remaining majors have to compete elsewhere.
Copper price low and set to rise.
This imo is good for the macro thesis and whether or not CB can flash BHP some leg its good news for lachlan fold explorers/developers who have high volume prospects
GLA
i,m surprised colin hasn't been blamed for it yet ;)
It was opportunistic at best and plain insulting at its worse...not even a YTD high.
It does show that the desired flavour is low risk - safe environments with copper nickel gold.
I have to say it again, if we get even 1m tonnes of copper it's inconceivable that it won't be developed.
Nice one Airborne every little helps. Another 250k buy gone through too…
The second trade was my little SIPP top up. I wish the first one was mine to ;-(
This is edging closer as well:
https://www.barrons.com/amp/articles/senate-passes-climate-tax-inflation-bill-renewable-energy-51659900714
Someone smart gave us a nice start to the day with a 450k purchase @3.45.
Even included a Bushranger esque buy back of something they pretty much gave away not so long ago
Thanks for the Jezzoo was just reading about it and Caravel which I mentioned before as having some similarities to Racecourse was up 18%.
https://stockhead.com.au/resources/its-the-takeover-news-copper-heads-have-been-waiting-for-as-oz-minerals-rejects-bhps-8-3-billion-bid/
Posted on SOLG board this morning by SJN1980
>>BHP this morning launched a takeover of Oz minerals a reasonably large copper play here in Oz 8 bill Oz market Cap (35% premium or there abouts). Their Prominent Hill mine is close to Olympic Dam in South Australia. All the copper stocks on the ASX are pumping as a result an example of another stock I am in Sandfire is up 10%. OZ minerals reject the offer as being too low and not letting them do due diligence etc.
Looks like this is the start of the M&A spree which is coming in the copper space.<<
Might be a better day for XTR off the back of that today.
Thanks Phatbaz,
I thought there were still some 1.85p warrants left?
I don't think the share price has been above the exercise price since they were authorized, thier issue had to be voted on at last year's AGM.
The warrants will be exercisable in whole or in part at 8.5p per new Ordinary Share to be exercised within 2 years of being issued.
I was lucky and did sell some pretty much at the height of the spike at 8.5p. I had only bought in a couple of weeks previous and didn't have a huge holding.
Not wanting to turn the board negative but does anyone have a feel for who holds the warrants? I'm surprised we haven't seen any exercised and have taken that as a positive sign.
A4444.... nah, the RNS would be a cash raise ;-)
I hope the poster mentioned does well in his investments. However I do think he's wrong. Imo the jorc for RC will be next month.I think the jorc for ascot will be oct. There will then be a second jorc for ascot after the 3rd phase. For the economic model of RC it's totally dependent on what Colin wants to do..
Lucky, sorry I fully stand by what I said. If the sector that xtr is part of on the LSE has fallen 50% - it is perfectly average for xtr to fall 50%. Obviously there are other factors at play, but that must be the main one.Comparing xtr to a company that provides medical treatment s or IT software makes no sense, at least to me.
The sector has well and truly stabilised so it certainly looks like the bottom. If I any folks want to sell at the bottom in a low liquidity environment then that's up to them.
Good luck to anyone who tries to time the market in AIM. Bigger balls than me.
I didn’t sell any on the Jan 2021 spike or in the recent 7p+ rise. If I had been clever I could have traded this and made over £500K and ended up with same number of shares! Silly me.
I don’t buy any of the Tech analysis nonsense (not in small caps anyway) or “research will tell you when to sell” , its all random as no one knows when big news will drop.
One thing I can say with certainty, if I did sell a large % of my holding on the next spike, we would get an RNS a day later confirming sale to a major for $500M !!
MY approach? Hold and pray ??