George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
Eerily quiet here, bad news would at least be more interesting. Crystal in negotiations is my take although I can offer no evidence. Would be interesting to here an update from Fed with a projection of profitability and time frame, anything to judge them by. In the meantime, ride out the bubble that is Sxxxcoin and await gold and silver to resume their upward trend. Sorry if I have disturbed any sleepy heads here.
The only reason gold isn't $3000 is Bitcoin has eclipsed it in the minds of gullible people, some of whom just happen to be professional investors... At the moment The USA Attorneys office is investigating Fraud and Market Manipulation at Tether, a primary source for inflating bitcoin prices through IFINEX. Once the result is known ****coin and all the other ****ocurrencies go to true value, $0, so then its back to Precious metals et al. At $3000 oz for Gold, Solg would be worth about £2.00 a share. Another thought with interest rates about to go negative the gold, silver and copper is probably worth more left in the ground.
The only reason gold isn't $3000 is Bitcoin has eclipsed it in the minds of gullible people, some of whom just happen to be professional investors... At the moment The USA Attorneys office is investigating Fraud and Market Manipulation at Tether, a primary source for inflating bitcoin prices through IFINEX. Once the result is known ****coin and all the other ****ocurrencies go to true value, $0, so then its back to Precious metals et al. At $3000 oz for Gold GGP would be worth about £1.50 a share. Another thought with interest rates about to go negative the gold is probably worth more left in the ground.
Have done some research here and solid state battery market developments and I have taken a small punt. The positives are the almost unsupplyable market for Lithium in near future and also that the Chinese are no fools. Still in the value valley but can see the sunlit hilltops beyond. Any views on takeout price should the yanks not want the Chinese at their backdoor. Thought that Teslas plant close by but compared to toyota they are so far behind the curve they will be bankrupt history by the time Bacanora gets to production.
the longer the suspension goes on the more ominous I'm feeling. Just hope we get an rns pretty soon. not being negative just realistic at the moment if someone wants my smallish holding at 0.5p I'd give it to them gladly.
Cant help feel that the release of historical drill results not previously known to CCZ is not smoke and mirrors but a genuine piece of evidence in the bigger picture. Perhaps those expecting a major new find can feel disappointed but I for one take comfort in the fact that this rns adds to the likelihood of a major find and the share price is being manipulated to shake out recent buyers. Think this has a long long way to go GLH
Just sold the shares I bought fri at a bit of profit. Think the uncertainty of the political situation is going to take its toll. Think I can top up at around this level in a few weeks unless a stoncking RNS is delivered but will still be able to get back in until we know Perez is defeated. Anyway hope the Equadorians have some sense. In the meantime reducing my equity exposure as I think a retrace coming.
Not an expert but trying to estimate gold drapes from a visual inspection of a core is pure speculation. Let’s just wait until the results come in, from the geology it’s looking very good and getting better. Thinks this has multi bagger written all over it. By the way iceberg if you have any small peas of gold you can sell me for 5 times spot gold price I’ll take as many as you have.
Did not expect the about face, but understand the rationale, get the resource earning quickly and then develop when they have free cash flow. First cut is the deepest as the song goes. Conversely those posters who dreamed of a takeover by Bhp or Newcrest are probably nearer their wishes now. Topped up on Friday after taking profits at 36p, would not be surprised to see one or all of the big three having upped their stakes in all the panic on Friday morning. Any increase by Bhp, Ncm or cornerstone and we will be back in 30s. Still think this will go to Bhp and Fridays RNS was in fact a white flag. Hold for 45 p is my advice, don’t think it’s going to be long.
Imagine there's a smile on their faces, forget 60p offers more like 40p, would imagine they will see where this settles before the next move. Think we can forget the mega bucks of bringing this to production independently despite what the rns implies. Milage in this so will take the opportunity to top up circa 20p to my max of 20%. I think anyone left here are in for the long haul so good luck and remember its always darkest before dawn.
Looked back at my reasons for buying and reevaluated.
Tier 1 copper/gold tick
Good potential to increase grades tick
Potential discoveries tick
Chance of takeover by multi national. tick, tick
Decent management ? (increases chance of takeover)
Sticky shares tick (40% in 3 holders.)
So after reevaluation it turns out little has changed other than all the new discoveries in last 18 months. Topped up this morning after getting over disappointment, but hey we all know holding shares in miners is rarely a straight raise and out. GLH maybe we can say Au revoir to the johnny come lately brigade.
Think bottomed out and back in business, time to reevaluate Solg management, time is numbered just what Ncm and Bhp have been waiting for. They gave them enough rope to hang themselves now using the same rope to reel them in. Lot more going on behind the scenes than meets the eyes. Enough cliches for now think slow rise on now to 30p maybe even the long awaited low ball offer 37 to 45p. Glh
Funny things going on just got top up at 20p but looks like someone has picked up huge amounts on the sly, will be interest to see any increased or new holdings. Think 25 to 30 is about right at the moment, as always be greedy when others fearful.
04 Feb Bushranger Drilling Programme Progress Update
Posted at 13:39h in RNS by SiteAdmin
RNS Number : 0493O
Xtract Resources plc
04 February 2021
Xtract Resources Plc
(“Xtract” or the “Company”)
Bushranger Copper/ Gold Project Drilling Programme – Progress Update
The Board of Xtract Resources Plc (“Xtract” or the “Company”) is pleased to provide a further update regarding progress of the second hole in the Phase One diamond drilling programme at the Racecourse Mineral Resource on the Bushranger porphyry copper-gold exploration project located in the Lachlan Fold Belt (“LFB”), New South Wales, Australia.
Highlights
· Drilling in hole BRDD-21-002 has been extended to the current depth of 846.5m, past the original planned depth of 750m, as the hole has continued to intersect copper mineralisation.
· Mineralisation occurs in the form of disseminated and fracture-fill chalcopyrite throughout the lower marginal alteration zone of the porphyry to the current depth.
· Drilling will continue while the hole remains within the mineralised zone.
Drilling Background
Hole BRDD-21-002, the second hole of up to six planned holes in the Phase One Drilling Programme at the Racecourse Mineral Resource on the Bushranger Project, is collared over 300m from the previous hole, angled at -80 degrees and is offset from strike with the aim of crossing through the down-plunge extension of the deposit at depth.
Further information is available from the Company’s website which details the company’s project portfolio as well as a copy of this announcement: www.xtractresources.com
This announcement contains inside information for the purposes of Article 7 of EU Regulation No. 596/2014 on market abuse. The person who arranged for the release of this announcement on behalf of the Company was Colin Bird, Director.
I’ve been in and out of these since the £1.20 days of Woodford, generally down but then short sharp rises, all in all am about even due to top slicing. Every time I’m out, can’t help but look at the price as Deep down I know that both Fed and Spin are unicorns about to blow. Anyway back in at 27p top slice 50p. As for the board, they are so useless, if they started seriously buying I would have to reconsider my investment.
Think ipo of Fed long overdue they were probably waiting to get to the other side of the value valley before offering. With Biden in place and reforms about to be enacted, re: the economically isolated, think there is a lot of mileage in Fed. Jury's out on Spin, could be a monster but when, a lot of big hitters are piling in so assume due diligence has been done, hate assuming anything but some times you have to. As to the rest, could be someones interested, who knows, I don't. Anyway my mind made up to buy in on dips if I'm lucky. GLA
Copper so near the surface can be extracted at concentration at 0.2%. Think when we home in on pay load it will be more like 3 to 5%, so the shake out here is a good buying opportunity. I think anyone with any sense knows the unrisked value here is about 42p so anything below about 38p is a giveaway. Will top up here later when the panic is over.