Member Info for news

Advertised price now to sell is 8.1p and to buy 8.2p +8.47%.
But NO LIVE QUOTE to buy even 1,000 shares.
Post Colin Bird, Executive Chairman*s, XTR interviews [2] yesterday.
Wed, 3 Mar 2021 @8:58am.

New interview just out 45 mins ago, Tues, 2 Mar 2021 from Colin Bird, Executive Chairman, XTR on Share-talk.

Mr Bird mentioned about this morning*s interview. He said that the RNS relating to Hole 3 was issued post mkt close as there was a lot of scrutiny needed as is norm.

"World class is 0.45% cu copper.
Past big - HOW BIG"
Quite a lot of other details
40 cores, 40 porphyries?"

Have a listen.
Tues, 2 Mar 2021 @8.20pm

No, from what I read probably from the FT which is later than the BBC news, there could be a premium factored into the mortgage. Quite common in the industry due to the risk.

Govt guarantee.

If one reads the FT etc,there have been past examples especially during a time of crisis eg this time it is COVID-19.

However, from the actual results from the past, there is no great call-up of these guarantees.

Without infusing confidence in the market, it is hard for a recovery to take root.

Darth Trader: LoL - is that what the Times said? Rather out of character if so about the mother of...bubbles and ne clar. The Times never express themselves in such sensationalist lingo.

If you read it, could you kindly share? Thanks.

Darth Trader,

Wait till tomorrow*s announcement. From all that I have seen, there is no insurance proposed currently.

"LOAN GUARANTEES AT A TIME OF CRISIS IS A GIFT THAT KEEPS GIVING."-The Times, 19 hrs ago, Tues, 2 Mar 2021
"As in the financial crisis, the availability of mortgages for buyers with small deposits has DRIED up because LENDERS dont want the RISK."

[Cant read the rest as its on subscription. Just type up the title to read. Its helps the banks and the house-builders at this time including the buyers. Since the stock market is CLOSED, it will all be CLEAR when the Chancellor makes the announcement tomorrow.]

Tomorrow*s UK Budget 2021, Wed 3 Mar 2021

"Chancellor Rishi Sunak expected to announce govt-back mortgages with deposits of just 5%.
The GOVT is set to GUARANTEE the loans, ENABLING LENDERS TO offer mortages worth 95% of the purchase price on properties worth up to £600,000.

"It is understood that the loans will be available to CURRENT HOME OWNERS as well as FIRST TIME BUYERS...."

So, Wed, 3 Mar 2021 - Have to listen to Chancellor*s announcement tomorrow to CONFIRM?

Daily Mail, 1 Mar 2021
https://www.thisismoney.co.uk/money/mortgages/article-9312343/How-government-backed-5-deposit-mortgage-work.html

Per Andrew4444:
Using 0.2% cu or 0.35% cu copper, more realistic = 2 . 4 5 MILLION TONNES COPPER.
$9,000 POG x 3% B/O -£476,000 MC." Tues, 2 Mar 2021

Per stevemocal @16:21
"At 0.45% cu = 3 . 1 8 MILLION TONNES COPPER.
John Cornford 2Mt B/O = 40p." [This is AA*s spec of 2Mt of contained copper @0.44% cu from recall.

What x y z does NOT realise is this:

In the early days of Racecourse, Mr Colin Bird, XTR Chairman mentioned in his interview that the width of Racecourse is "UP TO 250m" [Ella10 listened and said it is up to 250m].

Hole 3 per Mr Bird was to determine the WIDTH of the Racecourse prospect as they already have come to know that the depth is 1,000m from drilling Hole 1 & 2. Strike is 1,000m which was known from the beginning although Straits Resources said that the length is 1,500m [original owner of Racecourse-Bushranger].

BODA, near neighbour per Mr Bird- their strike was 1,000m x 1,000m depth BUT WIDTH was 450m only from the last time I checked. The strike has gone to 1,100m so BODA is stepping out. So, it is dependant on grades for BODA but certainly BIG - anything from 500Mt upwards to 1B tonnes as being mentioned in various articles from recall but kindly recheck.

So, a NO WONDER why Mr Bird mentioned today, Tues, 2 Mar 2021 in his interview with Sharetalk that their geologists think it is better than BODA [para phrased] at $500m mkt cap [or $400m].

John Cronford, Mining Analyst, Masterinvestors article on XTR cited 40p for the AA buyout if at 2mt copper as specified. Think he mentioned US$350m from recall - I dont have the figures with me on hand. This is ONLY FOR 2M of contained copper.

Wait till JOHN CORNFORD reports NEXT -- should be interesting.

All from Mr Colin Bird, Executive Chairman, Xtract Resources on the RNS last night of 1 Mar 2021.

All from the HORSE*S MOUTH today on the said RNS above about Hole 3 & 4, Racecourse. XTR*s geologists include a PhD, young geologist, Mr Jeremy Read, Director of XTR, former Head of BHP Australia-Africa and the copper consultant, Doug Menzies [specialist in the Lachlan Fold, NSW, Australia geology etc], the latter 2 who are doing the modelling for Racecourse drilling holes etc.

News, Tues, 2 Mar 2020.

Ah, Racecourse already has a JORC.

Per panda1 @14:20
"1000x1000x1000m
Specific gravity 2.7" [From Mr Colin Bird today, Tues, 2 Mar 2021.

"2.7 billion tonnes containing over 12 million copper equivalent [assuming copper equivalent grade 0.4-0.45% . AA option, 2m t. copper copper equivalent."

My observation:
Copper price $7,500 @0.2% cu cut-off economic
Copper price $10k @0.15% cu cut-off economic per Racecourse scoping study.

Copper price spot currently $9,089 [Business Insider @2:27pm]

Mr Bird also mentioned 0.4% copper is "WORLD CLASS."

Last Racecourse JORC copper 0.44% cu equiv.

Some points Mr Bird stated but few have commented on it eg geologists say better than next door and the potential grade.

LoL
Britain*s largest listed broker has N/T to buy even for 1,000 shares!

L2Analyst-Saw the XTR RNS on Twitter where I usually wait as the news is fast there.

MR COLIN BIRD
Oh my, Australians are so keen on FUNDING Ozzie projects. Maybe, XTR RACECOURSE-BUSHRANGER can be listed on the ASX ? That would be something?

On Twitter #xtr:

"Colin Bird states that his geologists think BUSHRANGER is a better resource than the $500m one next door." https://twitter.com/keya500 2 mins ago, Tues 2 Mar 2021.

I may have missed the above in the interview, so kindly check.

Industry news:
"Kincora makes LFB IPO Move."-MiningNews.net, Tues 2 Mar 2021

"LACHLAN FOLD BELT-Australia*s foremost copper-porphyry belt.
McRae, Chairman: Access UNTAPPED local INVESTORS who have SIGNIFICANT INTEREST
in FUNDING local exploration projects."

Chairman is ex-Oyu Tolgoi.
Tech Director: Co-Discoverer of Cadia-Ridgeway.
Type in title to read. Kincora was listed in Canada but now dual listing in Australia sought.
Appears there is interest in Australia relating to Lachlan Fold Belt, NSW, Australia where Bushrangers is, next to Cadia-Ridgeway.

New ShareTalk interview just out from Colin Bird, Executive Chairman, Tues, 2 Mar 2021:
What I could make out, if not correct, kindly correct:

"Good mineralisation
A week, on track.
Zak: Small, medium, large?
Answer: Mr Bird: CUBE 1,000m x 1,000m x 1000m.
2m? @2.7 gravity-Big Piece of Rock.
Cylindrical.
Multi-porphyry
Different cores - Multiple porphyries.
BIG - gold upper reaches-AA
Cant see gold in core - Need assays-Big enough ply copper

COPPER eg 0.4% cu- WORLD CLASS
TRANSFORM ANY CO in Toronto, London etc.

BODA-neighbour
Mkt Cap $400m/$500m

Join producers - FRONT RUNNER [Melbourne Cup].

ZAMBIA-copper project.
Manica come in - nice earnings.

News, Tues, 2 Mar 2021 @1:24pm

EyeGuy,

For the avoidance of doubt, many folks have had their life savings wiped out or reduced in so many stocks. Over the years, I have been on forums wherein people have lost the Will....
Hence, at REM plc, whilst Sonora could NOT be taken over despite £1, nevertheless, the Founder has brought in an appointee as Chairman who has a different network in metals.

As such, there is a NEW BEGINNING hopefully for REM*ers in Amapa.

However, as the Founder tweeted not so long ago, hopefully, the mkt cap will go back to the REM height of some £95m @2.25p although most folks bought at 0.9p. Pity those folks that sold on X or Y as the years wore on but some have hung on and per some of their posts, they have averaged down a little where they can.

So, hopefully, a new beginning and the possible start of Amapa.

So, I am sure KDNC is mindful of what ordinary folks think and what happens in the real world of commodity and cycles. Of course, when one sees the iron ore price at some US$174 per tonne, one could extrapolate this into the next 17.5 years well into the final mine life but life and business in reality does NOT WORK like that.

For new investors, they are NOT LEGACY REM HOLDERS so for them, they have a different objective whilst former REM*s have expressed another objective.

So, KDNC must be cognisant of folks perception, ideas and workings and calculations that run into telephone no*s and today*s article from KDNC tells folks that Goldman*s forecast for iron ore do not run into $174/t but rather CONSERVATIVELY at $120/t for 2021 and $90/t for 2022. I cannot think KDNC WANTS A REPEAT OF WHAT HAPPENED IN THE PAST AND IS MORE COGNISANT TO PUT OUT INFO TO CORRECT ANY OWN IDEAS /CALS TO TAKE HIGH PRICES TO EXTRAPOLATE INTO THE NEXT 17.5 YEARS AND THEREFORE, EBITDA ETC which as I said NO ONE AT THE MOMENT IS AWARE OF WHAT HAPPENS NEXT in the commodity prices given climate change, govt policies, funding for projects, deposits, potential recession, hyper-inflation, inflation, quality of deposits, jurisdictional issues or even SPACE MINING and anything UNFORESEEN as been discussed etc.

I hope you do not mind. As I said, this forum is NOT one which the MAJORITY come to but one in which old-timers say 2-3 people at maximum visit to talk of old times ie from REM days to today and the transition of the business/es.

News, Mon 1 Mar 2021.

The article is entitled: "Cadence Minerals and the next supercycle."-Directors talk, 3 hrs ago, Mon 1 Mar 2021.

The article from KDNC covers ALL THEIR PROJECTS including LITCHFIELD LITHIUM LICENCE, NEAR OR NEXT TO CORE LITHIUM FINNIS PROJECT, AUSTRALIA.

KDNC also quoted Goldman Sach*s forecast for IRON ORE for 2021 at "$120/t , previous $90 and for 2022 $95/t and previous $75/t."

I have not checked today*s iron ore price but the last time I looked the price was some US$174/t.

https://*************************/status/1366335665894346756

From what I can see, it does appear that KDNC is now mentioning LITCHFIELD LITHIUM LICENCE AS ABOVE IN INTERVIEW FROM THE CEO, KIRAN MORZARIA LATELY AND NOW THIS ARTICLE FROM THE CO THEMSELVES.

So, I am pleased that this is something that we could hear more about?

News, Mon 1 Mar 2021.

As I have said, in the real world of investment banking etc, no one will take current iron ore prices that are so high and extrapolate them into the FUTURE especially not into 3.5 years time or 17.5 years time when the Amapa project comes to an end unless there is more exploration etc. The forecast as usual is for 2 years currently from 2021 to 2022. Investment banks are more in touch with the demand and supply curve as they monitor the supply etc more closely given they have industry figures.

Lastly, EyeGuy
"Potential to increase further."
Yes, I am aware of that from recall. However, since you are interested in mining share, you will be aware that FURTHER EXPLORATION HAS TO BE DONE, PEA, PFS AND DFS. All this will cost money and depending on the SCOPING STUDY, it has to take in whether in the IRON ORE CYCLE between PFS/DFS, building, the iron ore FORECASTS will hold.

That is a long way off - this will be AFTER 17.5 YEARS from now [18 mths to ship tailing, 18-24mths to do scoping study and recommissioning and 14 year mine life].

Will any of the KDNC*er be still around to HOLD KDNC SHARES AFTER 17.5 YEARS?
They might be around but will any of them hold after 17.5 years given they have ALREADY HED KDNC FROM REM days and during the commodity bear mkt.

I am NOT the person to discuss thing with because I take a COMMERCIAL VIEW rather than what appears to be simple on paper.

That way, I have allowance.

If I had taken YOUR EBIDTA FIGURES at $200/t iron ore price and then NOT TAKEN OFF TAX, I got some really wild figures which could have been 40-50% MORE.

I am not one for back of envelope figures as those have caused a lot of problems in many cases.

We, shareholders NEED ACTUAL ACCOUNTING FIGUES WHICH CAN BE OFF BY 5% NORMAL VARIANCE FOR THE MARGIN OF ERROR.

IF, in 3.5 YEARS TIME, WHEN THE 1ST ACCOUNTS OF DEV [JV-KDNC/SINO] COMES OUT AND IF THEY AGREE WITH YOUR CALCULATIONS W I T H O U T T A X [that was on Twatter], then fine otherwise, all needs to be proven by ACTUAL AUDITED ACCOUNTS OF KDNC then ie what has been actually distributed from Amapa and how it is treated in the accounts ie is KDNC still an investment co or do they have to change status to operating co etc?

LOTS TO ASK AND CONFIRM WITH KIRAN MOZARIA.

I am not in contact with Mr Mozaria, never spoken to him or met him.

Old-timers are used to tweeting to the Founder as he usually will answer if he can in the past.

I only commented BECAUSE THE FIGURES you quoted were so high that the share price would be mind boggling????

Otherwise, I would have NOT said anything.

Peace out. Thank you.

News, Mon 1 Mar 2021.