Member Info for ButlerMan

If you believe that, Rick, why don’t you short it? This share is poised for good news - Marcia production, and the drills into Ascot at more targeted locations. I for one am not selling a share, as I am too afraid of missing out on a potentially massive re-rate. It could come in a week, or in two months. But I want to be ‘in it’ when it does come!

Thanks Iceberg. I always feel much more assured after you assess and post!

Yes, I’m with you! There is so much info that was due, that hasn’t been reported, that would have been good, or neutral at worst. Eg. Position of new drill pads, several drill results ( that have always been reported). And assays. I’m hoping that the fact that we’ve been waiting for over a month now, is a good sign, and that the company is restricted in what it can say at the moment. For positive reasons. Also Andy’s find that quite probably ‘native title’ investigation is being done, as a (hopefully) precursor to declaring intention to mine, and the tea leaves are all there. Occasionally I do wonder though if I am looking through rose tinted glasses, but on balance I think there is good news coming. But no idea on timescale!

Agree NtM. Just need XTR to come out with another smidgen of data, so that I can wait, with impatient anticipation, for Iceberg’s expert analysis and insights - which I’m glued to. Very thankful that Iceberg shares his analysis with us. It’s a major reason for me investing here, and being determined to stay the distance until a deal is done.

I did mine though my old fashioned broker - on April 6th. Their transaction fees are higher than online platforms, for normal buy/sells, but the prices seem better than I’ve got through Online platforms. So I guess it’s swings and roundabouts. On Bed and ISA, they sold for at 6.29p and bought at 6.30p, which I thought was pretty good!

Maybe an RNS coming with the new drill pad locations?

And delayed trades reported (were at around 2pm). 350,000 shares - all buys! Someone is very confident!

Not broken Dillon. I guess, like me, most are now just in ‘monitoring’ mode, as further speculation is a bit pointless, until we get something further from the company for us to get our teeth into. Such as some juicy Rare Earth Element assays! Until then, this is a waiting game.

And don’t forget folks, the lower the share price, the more shares we can Bed and ISA come April 6th, with next year’s allowances.

I think the share price will be pretty volatile, until we get to the point where the eventual outcome of the war in Ukraine becomes clearer. Russia’s tactics are to encircle the cities, and eventually force capitulation. But I don’t believe the Ukrainians will give up fighting, even if they are totally surrounded. So where does this end? No one knows when and what the eventual outcome will be. It could run for many months. And the longer this goes on, who knows what Putin will come up with, in retaliation for the sanctions imposed by the West. But I’m sure whatever he devises - energy strangulation etc, we won’t like it, and it will hurt the West. The uncertainty is weighing heavily on share prices, and I just can’t see any certainty returning whilst there is still fighting in Ukraine.

I’d like to think that I’m keeping a sense of perspective here. Whilst I think that the April/May timeframe may - possibly - slip, I’m relaxed about it. There is more than enough info in RNSs and the many interviews with Colin on Vox/Zak and Sunday Roast for us to be pretty confident that we have a world class asset here. A few months is neither here nor there. And as for criticism of Colin not meeting dates, well, things change, that’s life. I have positions in many shares, and I can honestly say that Xtract/ Colin provides the most frequent and detailed updates of any of them. I have total confidence that Colin and his team to deliver for us. I truly think Colin has our best interests at heart. And no, I’m not related to him, nor am I employed by Xtract!

Maybe us long term shareholders, who have supported the company, can buy a brick with our name on it, to form a pillar at the gate to the mine - we can then show a photo of this to our grandkids and show them we funded the Copper equivalent of the Klondike!

Interview with Colin on V Markets (Zak). Very positive. Also proves that Colon is glued to this BB - he directly refers to Iceberg’s ‘step back’ comment! Good to know that Colin respects Iceberg’s insights - as do we all! Thank you Iceberg.

Interesting that the link in the RNS shows 43 holes now completed. With the latest ones between Racecourse and Ascot.

The Invasion of Ukraine is appalling, and a wake up call for the west, generally. Also, sorry for investors in EUA, with the 30%+ drop today. Longer term, the West will have to reduce its dependence on Russia and China for metals and Rare Earths. So miners/ explorers in safe jurisdictions will become more attractive.

Agree it’s disappointing that the drill results / assays are so overdue. However there are many 100-250k delayed share trades going through every day, totalling approx 2m a day. Sometimes more.. Looking at the time of these trades, and the spread at the time of the trade (not when it was reported) the majority of these appear to be buys. So, are one or more big buyers quietly building up a sizeable holding in the background, and taking advantage of this stagnant ( and slowly dropping) share price, whilst news flow is minimal? Or am I just being optimistic that some people have confidence that the share price won’t be at this level for long?

Easy solution - filtered, as I don’t have the time or energy to be distracted by these posts, on a board which is one of the most informative I am on in LSE, and where I really value the contributions of the LTHs who has been here for a considerable time.

Thanks Real-time ( your 14:44). I guess the only thing open to possible interpretation is when the 3 year period starts. From the point ProspectOre acquired from Anglo ( 2017 - in which case the 3 year clause has expired) or from the time XTR acquired ProspectOre ( Mid 2020 - in which case there is a year to run before this clause expires).

Ref Realtime’s 13:55 post. Does the 50% cut to Anglo of the eventual sale price to a 3rd party get triggered even if Anglo turn down their once only offer? Not good for us shareholders if so.

And Xtract has seemed to favour Thursdays recently for an RNS release. So I’ll be watching for the red dot tomorrow.