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Let’s see heeded go hard today! Started well with bid rising
Isn't it comforting to see a sustainable share price. Well for half a day anyway
Most were viewed in yesterday's late JV update.
Still dirt cheap with a tiny market cap. Long way to go.
I’ll take that to be ‘You Gent ‘ Cruella.. thanks 😉
I love the ‘topple with Copl’ line btw ..fortunately, in the round - thru range trading the arris off it - that was a morsel at 1.5 k down .. you should have picked Bowleven instead of it .. or better again, any of the 11 that have gone to zero !
( O&G is my thing btw.. kept me smiling roundly through sundry other sector misery .. fortunately.. on the cesspit that is AIM )
Https://twitter.com/robert_ivanhoe/status/1775614689961255026 at 9.01pm, Wed, 3 Apr 2024.
Robert Friedland: " Per Bloomberg, COPPER JUMPED to the HIGHEST since Jan 2023 as fresh mounting SUPPLY RISK and fresh signs of a rebound in DEMAND reinforced hopes that the bellweather industry demand is plotting a course to NEW RECORD LEVELS. GOLDMAN SACHS predicting prices will reach RECORD HIGHS of $ 1 2 , 0 0 0 BY 1ST QTR NEXT YR and CITI GROUP seeing it hit that level by 2026. Etc."
Xtr can scope these projects and advance them along from treasury funds. Major exploratory work will potentially warrant a fund raise, but it will be off the back of a major discovery. That’s how I perceive the current situation. If xtr would have kept Manica then a definate raise would have been needed even prior to buying into the second mining phase. And probably then some…It would have severely hampered the Zambian efforts to delineate any resources from reduced availability of any guaranteed revenue funds
I concurr.
Hence Manica deal was bad.
Now bring on the fund raiser but not at this price.
There is a difference between raising market funds to keep the lights on or to pay debtors than raising toward a genuine growth opportunity which Xtr ‘will’ have a choice on doing.
Howzapp RNS was full of fluff again.
As I posted early on "let it begin"
In short regardless of CB saying past RNS's no placing. There will a fundraise his got no choice unless he sells anymore silver.
From the XTR RNS: "..SilverKing distinguished by HIGH-GRADE ---SUPERGENE enrichment, diagnostic of the nearby KITUMBA deposit. Historic Silverking drill intercepts inc 50m @5.47% cu from 55m to 105m depth. Peaked at 52.2% cu over 1m."
Colin Bird: "Excited about a future discovery." GLENCORE did "soil geochem, ground IP and geophysical surveys and both diamond and RC drilling were done. Japanese and Zambian govts did a combined study in the mid- 1980's reflected the presence of HIGH GRADE CU MINERALISATION and the recognition that the region may hold LARGE COPPER DEPOSITS."
Comment: Extremely hard to get such a ready project. Why the Glencore work alone would have cost any co a lot of money to conduct as norm. SHALLOW DEPOSIT with SUPERGENE -the perfect combo it would appear. Also, KITUMBA mineralisation next door is of interest as SilverKing is adjacent. Low bulk tonnage plus high grade breccia piples.
GLENCORE had commissioned an IN-HOUSE 2012 JORC of 268,971 tonnes at 2.7% cu at 0.5% CUT OFF for the main SilverKing breccia pipe only. MAYBE, THIS NON-COMPLIANT JORC can be upgraded? Not sure but CB will know.
DYOR. NIA. XTR MKT CAP TODAY £8.5M vs Manica gold project sold for US$15m. Bushranger also on sale list. XTR West Forelands is a much greenfield but Silverking is a ready project.
Unless you were told the above who don't no it to be the case. Unless they are CB's words! 🤔
Or billy I actually bother to read and note these important points from what is already in the public domain through RNS
Did think - “Back the 50D MA figure”.was the 5hittest attempt to ramp the bejeezers out of it jez that was more like it 👍😆
"Tons of exciting news due to drive MC up and onward as well as raise the profile to the market as xtr can get the jump on other companies with projects lying static due to unavailability of funding to progress them."
Unless you were told the above who don't no it to be the case. Unless they are CB's words!
"The bird had no idea as he wouldn't have sold it for a measly $15m"
Your best contibution yet!!! I can actually understand it.
Now I wonder what the price of gold is at the moment!
Go Colin !
Go Colin !
Go Birdy !
Go Birdy !
10p soon
With bow around it !
Good old Birdy.
I always said he was a genius.
If this latest acquisition is the final piece in the portfolio jigsaw for ‘24 following the disposal of the Moz gold mine and importantly confirmation of the amount Xtr will be receiving up to 2027 with the staged buy out payments, circa $15m over that time.
Xtr can now fully plan to allocate expenditure toward its projects to advance them further through its own treasury funds.
BR could see a final drill campaign to add resource to the Nw at Racecourse by continuing to follow the high-grade plunging zone of the mineralisation and hopefully
test the IP Chargeability/Resistivity anomaly 500m west of Ascot. Could be dependent on outcome of optimisation toward a desirable IRR and NPV. If xtr can push the project further up the value curve without big expense then that is what they will do.
Kakuyu could see a mining operation start to bring in some funds to contribute toward a larger exploration programme as unlike the other Zambian licences the deposit type and mineralisation mechanisms are not clear enough from initial work that’s been done at Kakuyu, so the plan is to to understand further the type of deposit and mineralisation potential there as it has the potential to be far larger than first thought which can justify its own process plant.
Other recent Zambian licences are about to have drilling commence after the rainy season ends anytime now.
Tons of exciting news due to drive MC up and onward as well as raise the profile to the market as xtr can get the jump on other companies with projects lying static due to unavailability of funding to progress them.
But I'll go one further
Ya know the real business model came up trumps with the likes of Stockopedia only that The bird had no idea as he wouldn't have sold it for a measly $15m❓
look ntm
just because you had a topple with copl
no need to spout i give phoney analysis as the analysis is based on what came from birds mouth multiple times.
you ****
yours cruelly
I went a smidgeon further than that earlier Mr Bals .. but we’re very much in the same ballpark ..
Again, this is worth at least 1 Egyptian pound a share imho
Starting to get interesting with the RNS today.
I don’t want go all rampy but surely the bottom is in now.
Has to be worth about 1.5p on staggered cash payments + assets today.
If I get chance to buy a final lot below 1p I’ll take it up
If I don’t happy days anyway
Is this the first step towards a very good year for all
Https://twitter.com/aimrns/status/1775546310805856395
Shows a lot are "hungry"? As in watching?
Good speak Mr Zap... good speak
Hey NtM I would argue all day that current share prices across all of, not only bird companies, but the whole resource sector in the midst of a global economic 5hitstorm have no relevance to true values of project portfolios that companies hold, there is a clear disconnect apparent now and has been proven historically in the midst of previous downturns to be the norm. So as for a benchmark I would counter by saying it does not speak for itself.
Historically though, through downturns, copper inventories have always built up, but the difference this time round is that with overwhelming supply headwinds that is not going to happen and so the expected demands will very soon far outweigh supply pushing copper to unprecedented highs. There is a far bigger picture in play to be excited about. This is why the company is positioning itself now to benefit later.