Member Info for Joeman1

Feel like we are in a holding pattern awaiting the news. The wait has drained my excitement somewhat and need to calculate how much this might be worth is less of a buzz,... sorry ...... as the months have gone on its obvious how much assumption has to go into any numbers spouted so I'm just going to sit on my hands at the moment and wait for real news.
I noted that in a recent RNS it was stated that the Bushranger news would be by end of year, so don't be surprised if its another 6 to 7 weeks until that comes..... Will be most pleased if it comes earlier.

GLA

Doesn't really make sense. Only thing I can think is waiting on the expanded news both in terms of the HWM arriving at site and also the logistical question around increasing the trains servicing this site up to a steady and dependable 4/month.

Even the Met Coal price is feeling solid at these levels

...... was it Aristotle that also said.... the sum of the hole(s) gets bigger the closer you get to 2MT?

I think the "market" is still seeing the Sandfire involvement as optioneering..... but let the news of Sandfire increasing focus and work on the licences in this area and that will change. .... then some good drilling results and it will start to be factored in...

Imo

I think we all are Fosters..... but in the meantime I'd like to know what we actually have in the ground....

Apparently number crunching..... but can't they hear my teeth grinding?

Great corporate video, showing how professionally this project is progressing. If it wasn't for the regional Russian problems I think this share would be starting to realise its value.

Happy to be holding this one.

The 2MT on Racecourse alone IS a trigger point with AA.... so it was the oiginal target.....

I think as the liklihood of Racecourse achieving it alone went from a stretch target to unlikely, Colins wording changed to include the whole concession.

I also note that focus has gone more on triggering the buyback clause with the "Decision to Mine" than with the achieving th 2MT at Racecourse.

I'm still expecting something in the region of 1.5MT.... purely on the basis that.... as Andrew said... they were so bullish earlier on that it would be a reputational blow to be low by say a factor of 2.

Will we get some news this month or next? I thought maybe with the recent assay results RNS that it might be the start of a news flow.

Agreed..... new investors/new money will flow in when the news starts to flow out.

Great read, but page 49 mirrors KC's projection of investment decision in 2023.....

Imo that is better than reading that they have made the decision. All parties aligned and continued opportunity to invest at these low prices.

I come here to meditate..... even the company RNSs are calm and measured

Equally.... I cant wait for the resource update. I hope it is indeed imminent now.

I hope that this RNS is just a taster.

Howzap, the model delivered at the end of phase 1 took absolutely nothing from any drill results that Xtract have made. It was based on the original JORC but using a different cut off basis.

It was an attempt to show how close the resource already was to being economic.... and we wait now knowing we have over 30km of drilling now being modelled to add to this .... and knowing that most of the cores were a success.

Maybe the beauty in missing 2MT and basing the trigger with AA on the decision to mine, means that AA might be quicker to decide not to offer.

Then we are free to do what Cygnet suggests.

To be honest I don't mind that but I'm sure the share price will be higher by then as we will have a JORC maybe 8x or 10x the current one.... and a financial model laying out how profitable it is.

This was being fast tracked in 2016.....................

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I will be laughing teacakes if we get an RNS this afternoon at 1.24pm (give or take 10 minutes)

So..... do we think we might have the ubiquitous Thursday afternoon news release from XTR?

I haven't applied the rigours of advanced statistics to this.... but I have the feeling that the most typical time for RNS release is Thursday afternoon at 1.24pm.

And we ARE due one .... if only for the quarterly results

https://twitter.com/paola_rojas/status/1572006370442117121?t=EwYfHxEcX_jGAkIwjtG8gw&s=19

Always good to revisit the reasons why ours might be better than many others

I'm also invested (to a much smaller extent) in ARCM .... but I try not to post my opinions there.... purely because the responses from the frequent posters are often personal in nature.

The contributors to this board on the other hand usually manage to keep a much better tone.... even when disagreeing.

And I think there are a lot of realists on this chatboard..... no need to spit blood and feathers to make a point.

Roll on the model update in only a number of weeks and then we shall get a clear idea on who will buy the asset.

Anyone see how many items are left to clear before the permit is issued? (I think the last count I saw was 5)

Coincide with the interview with the Roast?

Would make sense to schedule the interview around news