Member Info for Andrew4444

"But surely, as POC rises, this also means that the other plays become even more attractive, leaving BR still well down the list of potential buyouts. Or am I missing something?"

Yes you are missing something.

Your view makes sense if the other more attractive mines with a lower economic margin could meet all the coper demand.

The less attractive and very unattractive mines will need to be opened and opened.

Paying more money for copper doesnt mean there is more available copper. It has to be mined to meet the much higher demand.

This presentation is on the Hub

Very useful overview and recent (June 24 update)

worth a watch imho

https://www.youtube.com/watch?v=JzZrq45tGKo

I'm also sticking with XTR as I believe POC will at some point (1 or 2 years) ensure BR sold for 4 to 6p. 1.3m tonnes is a lot of copper in a good jurisdiction.

My shorter term bets are ARCM, PXC and AFP.

I'm betting it all on a higher copper price and good drilling results in NW Zambia. I've got three horses on that bet,

We'll see.

What a change in tone re Bushranger now from what he was saying during the drilling inc phase 2

Now its..."0.24% makes it marginal" (re making a mine economic)

He said at the time when drilling re the 0.24% "We know we have the grades we are not worried about the grades" No comment then of "its marginal" "we will have to see"

Also, now he says "Can't do it (determining economic viability) en route" So will need to wait until all post drilling studies have been done optimization etc .

But at the time he was making economic calls "en route" during the drilling by constantly quoting break even figures sub $10K. He wasn't saying 3 years ago "no idea if it will be economic - wait and see".

He's just hoping many have forgotten what he did actually say 3 years ago. Or assuming we are all just stupid and have the memory of a Goldfish !

2 out of 10 de-ramp

Too transparent

You can do better than that Donkey. I know you can.

Must try harder. :)

NtM

I think CB did genuinely believe his own hype initially. He bought £250K worth at 3p and 5p

Its a pity he didnt slow down with the positive comments though when he released the situation was different to what he wanted / expected.

3 Years later is a bit too long for me to wait for honesty :)

This in my portfolio under "Give it a couple of years"

I have other shares that I think will do well much sooner...that you are aware of :)

The other bet is a lottery ticket

all the other lottery tickets came to nothing

I'm still here because of BR and the highly likely rise in POC over next 1 to 2 years

Last AGM was end July. Surely we must get a calling notice soon?

It's going to be "interesting" to hear what CB has to say about the current fall sp (assuming it doesnt recover by then)

I still think BR will get sold at multiples of current sp but its not going to happen for some time and until POC is above and stays above $12K IMHO

CB is 81 in a few months and have to say he sounded like an 81 yo in the zak interview. The enthusiasm and bluster had definitely gone.

More surprisingly, when Zak said " a compelling case" re BR CB said " Compelling is a bit strong "

I wish he had been as honest 3 years ago.

As I say AGM is going to be interesting !

Correct Billy

Its about the same cost to buy today as it was yesterday.

Virtually no trades.

As I've said before, look at the trades not the SP

Our Alex Terry has increased his holding again by 6m from 56.50M 31 dec to 62.5M now

He has consistently increased his holding every 6 months over past 4 years

I hope he knows what he's doing :)

https://xtractresources.com/shareholders/

NtoM

Its been nearly 15 years since CB's Kiwara discovery and sale.

May be CB gets lucky once every 15 years :) Its about time he got lucky again !

So.... he sells our Zambia licence next year for say $150M and at same time he sells BR for $100M as POC hits $14K

$250M = SP of 24p

What could possibly go wrong? :)

In CB we Rust

Sorry typo

I meant...in CB we Trust !

The interview was a cut and paste of the many phrases he has used in the past 10 years.

I did laugh when CB was talking about possibility of a discovery and he said " I don't want to blow my own trumpet"

Last 4 XTR licences for copper exploration have either been mothballed or cancelled ! Does he think we all have the memory of a Goldfish ?

I admire CB's chutzpah

Maybe this time he gets lucky?

Hope so.

Assuming we are back to normal with reporting regulations, we should get an AGM calling notice today?

It has to be held within 6 months of final accounts period ie by end of June, and we have to have 3 weeks calling notice so would have to be called today to meet end of June date.

I am sure that it has been announced last year that the rues are now back to as they were pre covid??

We'll see today if my understanding is correct on that

Just one trade - a 200K sell and we are up 8% !

A few more sells and we may be up 15% today :)

Just shows how looking at the trades is much more revealing than looking at the sp.

Guest speaker sounds like Rishi Sunak

I wonder if he is now trying out a different career ready for his new job on 5 July?

Gaz

If you want to know why I'm still here best to have a read of the review in the link by prickly

It states the investment case for Xtr better than I could

btw I'm not too sure it will be dropping back much now as its been at this level for some time but... WTFDIK :)

Thanks for that link Prickly

One of the best balanced write ups about Xtract showing the great potential.

I wish the author would be our PR guy !

After listening to that "interview" you certainly can't accuse CB of being too excitable or rampish :)

Sounds like he is just as depressed as all of his shareholders !

Gaz

I'm still here because I believe POC will hit a level that will see BR sold at multiples of current SP. Be that in 6 months or 2 years!

There is also the "lottery ticket of Zambia which may or may not be a successful

I dont trust CB's forward guidance. But that's doesn't means that there has not been a very big discovery at BR of over 1m tonnes of cont copper (10th biggest discovery in last 10 years according to some reports) which although virtually worthless at current POC will be worth a substantial amount if / when POC goes over $12K.

I believe it will in next 6 months to 2 years.

In the good old days before CB got "found out" and when we were all a tad naïve , today's RNS would have seen the SP rise by circa 20% imho

Now it all " meh"

The SP will now only move on results, not promises, expectations or potential.