Member Info for CaveatEmptor

A must listen for anybody that is already invested here, or who is thinking about taking the plunge, is the Saturday 6th Feb interview, given by CB which covers the state of play on all fronts to give a very comprehensive picture of what XTR is all about:

https://www.share-talk.com/xtract-resources-plc-update-with-colin-bird-executive-chairman-xtr-l-interview/#gs.uygf30

As time goes by, without any particularly good news or other sorts of hype, more and more shares will end up in the hands of those that have a greater understanding of the company and the potential for all of its assets. This may be a reason that we seem to be consolidating between 6p and 7p at the moment.

Traders and short term punsters are important in creating liquidity and therefore positive movement in price, but they tend to disappear during the quieter times and the SP can settle into a more stable trading range - albeit only until the nexy sensational news arrives.

-A pattern we will have to get used to at XTR over the next few months, I think...

It seems that the hole locations are being chosen based on site-analysis of the drill cores. This makes perfect sense and is why we have qualified geologists on site.
Waiting for lab assay results on each core before deciding the position of the next drill would slow the whole programme down to a snail's pace and most people here would complain even more than usual about that.
The goal of the current phase will be to prove up as much volume and mineralisation as possible and this will mean constantly re- evaluating the situation based on the latest information derived from the drill cores.
We have a good drill team on site, so let's allow them to do their job.

My guess is that after starting drill 4 somebody on site noticed something whilst logging drill three that caused them to prioritise another drill further down-plunge. It is likely that hole 4 had been started at a less than optimum orientation - but it cant be that far out if it can be sorted with wedging equipment. So makes perfect sense to prioritise hole 5 whilst waiting for the equipment needed to correct hole 4.

I must say that the drilling team seem to have been on the ball throughout this entire phase of drilling - they never seem to waste any time...

If they bought that many shares at 0.47p then they will have paid more than the present total market cap if , as you say, it is only £5m now? - It doesn't add up?

I think I will stick with XTR...

ATB

What we are talking about here are possible strategies, and as we all know, there are as many of them as there are moves in a game of chess.
Proving up 2m+ tonnes of Cu equivalent in the short term will be worth $300m-$400m to XTR, and as a micro- cap company why would we want to hold out for a higher price?
Once monetized Bushranger would provide ample finance to quickly progress both Eureka and Kalengwa, with Eureka offering similar value to Busheanger once additional adjoining land to our current licence has been acquired.

Bring it on, is what I say, and turn XTR into a mid cap company as quickly as possible so that we can all benefit from jam today rather than hanging around for it to go sour at some time in the future.
-Just one more possible sequence of moves in that ubiquitous game of chess...

P.S.

I doubt that anybody that posts on this BB ( OK, it is possible that maybe one or two at the most) own more shares in XTR than I do, but I want to be realistic rather than being carried away by the moment and I hope that other LTHs are of the same mind...

Hello Andrew,
My post was not aimed directly at you.
I too think that the SP has the potential - perhaps even the probability - of being many times the current SP and, yes, 50p+ will probably happen.

But based on current information ( or lack of it) I think the current SP should be between 8p and 9p, not the teens or twenties that some are claiming.
For the sake of all involved I am trying to keep it real...

The rest was priced in at less than 1p by the market and until we get some positive news it is unlikely to change, so, yes it is priced in my estimate.

Bottom line is that proving-up 2m tonnes of Cu equivalent will be worth around £350m to XTR.
Given the current state of play and the uncertainty that still exists, a fair market cap between £60m and £70m has already been justified IMHO.

That represents an SP of around 8p - 9p.

It would seem that talking about higher SPs is premature at this stage, but having said that, I think the current SP is a little lower than it should be and if I am right the market will rectify the difference over the next few trading sessions...

It is great to be enthusiastic about this share, but let's keep it real.

CB said on Tuesday that first assay results are not far away - I know some think that means the middle of March, but it seems to me that issue of the company share options and CB's buy were very close together, almost like a race against time? I have a hunch it may be early next week - in which case, next week could be very interesting in deed...

And still a good buying opportunity even if you are already in, IMHO - I am waiting to free up some funds and most of them are earmarked for here.

Not forgetting that CB has sufficient faith to have, yesterday, invested nearly £60,000 of his own money - not small change, even for him.

Good morning HD,

I too have tried contacting Colin for clarification, but have not heard anything which is quite unusual. Normally Colin gets back to me within a couple of days so I can only guess that he is up to his neck in it at the moment and just doesn't have the time to keep on top of his inbox - we've all been there from time to time.

Hopefully things will calm down a bit over the next few days and Colin will be able to catch up.

I have a feeling the SP in the short term will be dictated by major players taking a position here, so there may be peaks and dips, but the general trend will only go one way...

At least we had a blue day - thankful for small mercies, as the saying goes...

Nothing like a director having plenty of skin in the game to help the SP along...

I agree, Westlad.

Once we get a meaningful RNS I think the volume will increase and the warrants will soon be burnt up - but then we will not be able to continue accumulating at this level - pros and cons, like most things in life...

Hello BB,

CB could hardly have been more gushing about the cores - really, really nice, beautiful etc - so even if the assays came back saying 50% copper and 50% gold with no rock content at all, I think he will be covered.

At least it is another £13K in the company coffers, JDAU - Every little helps and once all the warrants have gone then life will become really interesting.