The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
ARB is comparable to RIOT in terms of HODL, processing capacity and future plans (in fact ARB is better). If ARB share price is $3 then market cap will be $1.05b, RIOT's market cap at $51 is $3.5b. Therefore ARB is hugely undervalued, that value will probably be realised when ARB joins the NASDAQ
https://twitter.com/Deeeerin/status/1358798580367183872/photo/1
He said 6 weeks to perfect a model for the next drilling program, +- 20 March. The model needs multiple inputs, including grades. He didn't say when to expect the assay results. I wouldn't be surprised if we get results from the 1st drill soon.
at 06:08 in the link below
https://www.share-talk.com/xtract-resources-plc-update-with-colin-bird-executive-chairman-xtr-l-interview/#gs.se3hy4
I agree, but there are always blips. Anyhow hopefully racecourse has a 20 year life of mine (LoM), AA will be looking strategically. Personally, I worked in IT for De Beers for 8 years, in 2 of those years gold blipped and De Beers carried Anglo. Strange things happen. Anyhow and far more importantly XTR is is looking very good.
Great news and Iceberg many thanks for your interpretations, very much appreciated. This is looking very good on the scale of the prospect. I am very much looking forward to the results of AU at depth, this could be another game changer. AA and other large miners love having two resources in play, you never know when lets say CU is out of favour and then the other resource covers it for a while.
Not an expert, but they certainly wish to prove width and Au at depth, that will add the most value. However there is a long way to go to prove this resource fully. Iceberg who posts here added this previously. http://icebergshares.blogspot.com/2021/01/xtract-resources-bushrange-racecourse.html?m=1
Real question. LSE has ARB sells- 18m, Buys- 11m and the price is up 42%. With more sales than buys you would expect the price to go down. I realise the market makers have shares, but this doesn't make sense to me, can someone offer an educated opinion?
I think we all do. Anyhow this chart is very interesting.
https://twitter.com/100trillionUSD/status/1345693720184819713/photo/1