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howezap... that was a classic!
I'm not quite a one-trick-investment-pony but no far off it and getting similar grief. You may you have some love interest competition for Julie in Salisbury!
"I would not sell at these levels. There is no downside"
Really Pinocchio? No downside?
A month ago you said....
"believe me but I am not going to say why !! You can speculate if you wish. It is really very sad. If you only knew CB and what will happen in 2023".
Mrs S has been concerning herself once again with my apparent risky investment strategy of having all our capital in just the one company. I have no doubt time after time tried to give my reasoning and reassurance that although we are sitting on a paper loss at present, it’s nothing to worry about and am very confident that Xtract will come good.
Unfortunately, she is not having any of it, saying that it is not a good strategy and insisting I diversify or find an alternative!
Julie 36 from Salisbury looks alright.
Junior Mining Network
Nickel Creek Platinum
Kincora Copper commences new phase of drilling at the brownfield Trundle project
Drilling Commenced Australia
TSX.V: KCC
www.kincoracopper.com
Mr. Sam Spring reports:
High impact drilling has commenced at the Dunn's North prospect following up shallow ore grade mineralisation:
10m @ 1.99g/t gold and 0.12% copper from 36m (end of hole 48m) interpreted to have drilled short and on the margin of an associated untested porphyry complex 1
Current phase of drilling at the Trundle project will test 5 adjacent system and separate large scale porphyry targets across an existing 3.2km mineralised strike
Follows up open ore grades at three shallow and one deeper target, the latter supported by the NSW Government's New Frontiers Exploration grants program for a designed 1100m hole testing the porphyry source of the emerging Southern Extension Zone skarn discovery 2
Program will comprised ~3350m of diamond drilling, continue into mid 2Q'2023, with first assays expected March 2023
Trundle is the only brownfield project held by a listed junior in Australia's foremost porphyry belt and is located within the same mineralized complex as Australia's second largest porphyry mine (endowment 24Moz gold equivalent) 3
MELBOURNE, Australia, Jan. 19, 2023 /CNW/ - Kincora Copper Limited (ASX: KCC) (TSXV: KCC) (Kincora or the Company) is pleased to announce the commencement of drilling at the Dunn's North prospect situated at the brownfield Trundle project, located in the Macquarie Arc of the Lachlan Fold Belt (LFB) in NSW, Australia.
John Holliday, Technical Committee chair, and Peter Leaman, VP of Exploration, commented:
"Drilling at Dunn's North will for the first time follow up shallow ore grade mineralisation, 10 metres @ 1.99 g/t gold and 0.12% copper from only 36 metres, returned above and on the margin of significant, untested, coincident magnetic and Induced Polarisation (IP) geophysical features. The target is a larger porphyry deposit responsible for that ore grade mineralisation and the geophysical features.
The Dunn's North prospect is the first to be tested of five high conviction, standalone, large-scale, new porphyry discovery opportunities that are scheduled to be drilled during this program at Trundle. This conviction is underpinned by strong geological vectors and complementary geophysics identified in our recent extensive technical reviews."
https://www.juniorminingnetwork.com/junior-miner-news/press-releases/759-tsx-venture/kcc/134629-kincora-commences-new-phase-of-drilling-at-the-brownfield-trundle-project.html
1.8p is a rather good price IMHO
Not when yer average is over 5p
16k buy gone through?
1.8p is a rather good price IMHO!
Thanks all for your comments, I agree with what you are all saying, just a little frustrated with the current position, I have been in Solgold , Savannah resources etc etc for years they all just seem the same , I will be holding.
OK, it was just an observation. I note what you say and it wasn't my intention to cause offence. I don't deny that Iceberg has been an enthusiastic poster. Even caught the attention of CB, who name-dropped them in one of his interviews.
Agree with that totally gixxer, personally his commenting has given me the direction in which to steer my own research to substantiate and further understand.
Agreed - It's been uncanny at times how close Iceberg has been with his predictions re:RC - I think most on this board hold him/his knowledge of porphyry systems in high regard.
"which there/their/they're to use, and the like." oh come on, I think you need to readdress how you assign intelligence; for one if you use this site via your phone it's awful, adverts everywhere, very hard to check what your auto correct has deemed the best fit. I would judge more on how accurate someone has been with predictions and at this point he has been better than most but we won't know until the song is sung
What I like about this stock is we have potential top ten copper mine in low risk jurisdiction easily accessible and have income coming in as well from gold. Copper is and will be in even more demand so just a matter of when not if a deal is done
Pedro - If you wish to get up to speed on the company's strategy, you would be better off spending your time reading the most recent company RNS releases, rather than relying on opinions from anonymous posters on here. The company's strategy is quite clearly outlined in the last couple of updates.
As for Iceberg, I've not noticed them post for a while. I'm not sure they were as clever as you make out though. I have nothing against this particular poster, but their standard of written English wasn't great, which is always a red flag for me. You know, simple things like not knowing which there/their/they're to use, and the like.
The ups and downs are typical of exploration mining co in Aim.
I think this could miror SolGold volatility . A few years ago the sp 10 bagged over a year on a good discovery. It then went down by 90% over the next 18 months as many had started to realise that the time scales were going to be longer than they thought - so many sold.
Over the next 12 to 18 months the sp 15 bagged as progressed was made and the end game became more realistic and nearer.
The fundamentals of Xtract havnt changed but the anticipated time lines have changed , which explains why many may have sold. We may need to wait another year before there is a buy out but i expect the sp to start to rise in Q2 as we start to get more news and clarity.
Whether it stops rising at 8p or 10p or 20p or even 30p is another question :)
Pedro surely being a long term invester by your own admission, you should understand AIM start up companies and how they function. Particulary in mining exploration. The race is still running and not over yet. Either your ticket comes in or you bin it. Decisions have not been finalised, the risk / stakes are very high and the share price will remain depressed up until negotiations have concluded either way. Market will not gain confidence until this has been done. I'm afraid that maybe you should consider something a little safer as going by your comment, it seems you may have over exposed your investment if you can call it that. All being said there are expectations of fruition in more than one asset. Therefore we are in with a chance. Big risk big gains or big losses. Better odds than the lottery.
Hang in there as i would hazard a guess that you are holding onto big losses on paper like the rest of us. Lifes a risk bud
I don't understand, all these people bulling up this company? I've been in this share for years and look where the share price is?? What on earth is happening? I used to read a guy called Iceburg who was a very clever guy who said this was going to fly, so who can tell me what's going on.
Looking good for us
01/18/23 0.00 9,435.35 9,436.00 9,434.50 1,108.00
01/17/23 0.00 9,112.80 9,113.25 9,112.00 665.00
01/16/23 0.00 9,145.25 9,145.50 9,145.00 2,635.00
01/13/23 0.00 9,106.75 9,110.00 9,106.00 1,101.00
01/12/23 0.00 9,071.40 9,073.00 9,071.00 1,098.00
01/11/23 0.00 8,986.50 8,987.00 8,986.25 1,217.00
01/10/23 0.00 8,766.50 8,770.15 8,766.00 1,501.00
01/09/23 0.00 8,721.75 8,721.75 8,720.00 1,394.00
01/06/23 0.00 8,362.25 8,363.00 8,362.05 738.00
01/05/23 0.00 8,418.85 8,420.00 8,418.00 1,097.00
01/04/23 0.00 8,208.75 8,209.00 8,208.00 850.00
01/03/23 0.00 8,389.85 8,390.00 8,389.25 985.00
12/30/22 0.00 8,386.25 8,400.00 8,380.00 1,260.00
12/29/22 0.00 8,394.50 8,395.15 8,394.00 890.00
12/28/22 0.00 8,450.50 8,450.85 8,448.50 1,218.00
12/23/22 0.00 8,327.85 8,327.85 8,307.00 806.00
12/22/22 0.00 8,290.25 8,345.35 8,290.25 1,036.00
12/21/22 0.00 8,327.00 8,327.00 8,326.30 982.00
12/20/22 0.00 8,301.50 8,302.00 8,301.00 1,225.00
12/19/22 0.00 8,195.22 8,330.25 8,195.22 5,391.00
Just looking back through Manica previous owners Auroch minerals news releases which confirmed on 5th july ‘13, there was significant continuation of gold mineralisation and multiple exploration targets which had 33 reconnaissance or scouting drill holes extend a couple of km across the shear from Guy Fawkes easterly toward Boa.
Results then justified an infill programme at GF, FB and Dots luck toward the DFS which all assays were returned by end of 2013. Into feb 2014 saw an environmental impact assessment delivered. Then the updated MRE the following month along with Metallurgy test results and scoping study.
Also in the busy month of March 2014 Priority exploration targets released which is of some interest (not drilled)
https://www.asx.com.au/asxpdf/20140327/pdf/42nn0zyvdqk3wv.pdf
Plenty of house keeping followed until the release of preliminary economic assessment on 11/06/15
https://www.asx.com.au/asxpdf/20150611/pdf/42z42n48gywmpr.pdf
Very soon after, the announcement of sale to Xtract under 3 weeks later 30/06/15
https://www.asx.com.au/asxpdf/20150630/pdf/42zhn3z6kyt93v.pdf
When it happens it can certainly be quick!
>>Big tail winds coming after Chinas fully reopen later in year? Could well be above 10K soon and nearer 11k by end of year.?
Agree with that tail wind Andrew
China had reported better than expected growth from last quarter of ‘22 adding to expectations of higher industrial demand. Will really kick start that recovery back to and beyond all time high.
Fundamentals and SP have been de coupled for some time here.
Probably stay that way until release of Financial model or FB income released when at full production.
SP doesn't care it seems
POC above $9500 on LME
Big tail winds coming after Chinas fully reopen later in year? Could well be above 10K soon and nearer 11k by end of year.?
>>Drilling at opposite ends of the shear, based on similar geological structural signatures, returned similar results, suggesting sound continuity along the shear.
Do we know if this shear was extensively drilled back then to confirm continuity or even to add to the ore reserves?
Is a very fertile region, and already having a good geological understanding is what gives the partners the confidence to add the sulphide plant extension. There is potentially a lot more to come from Manica now the initial plant is running.
" now the plant is up and running the opportunity is there to exploit what is available within the permit."
Agreed.
Lets just hope we do focus on doing that. We have the 50/50 agreement with MMP to do so.
CB is fond of using the expression "If you want to find Elephants then look for where they have been found before "
So I hope he does that as Ed Slowey our resident Geo has said there is Gold everywhere at manica but its different mineralisation: , oxide, transition and sulphide.
May be a better use some of the FB income to add sulphide plant on and do more exploration at manica than the looking for copper in remote areas of Africa.
That hasnt worked out too well so far...
Yes.... a producing plant more than 10 years in the making..... at least it is MMP and XTR that finally benefit from this in the end... now the plant is up and running the opportunity is there to exploit what is available within the permit..... instead of just talking about it.