Member Info for ZaphodBeeblebrox

Welcome back to XTR Nuffspuds. You have been in XTR 4 years longer than me!
Agree geoscience knowledge is a valuable asset when investing in mining companies.

Geoscience Australia website ga.gov.au is good for a regional view.

Found a useful short guide to Geophysics for Mineral Exploration
https://www.gov.nl.ca/iet/files/mines-prospector-matty-mitchell-virtual-geophysics-mineral-exploration-march2014.pdf

Can help explain why the electrical chargeability anomalies at Footroot and the Southern Intrusions prospects also look very exciting.

Finally, found a very thorough website called Geology For Investors, which charges $65 for full access. Might be well worth it depending on one's exposure to the mining sector.
https://www.geologyforinvestors.com/

GLA

Thanks Shorn and Joeman1.
I must have missed CB said that due to the poor recording, or my poor hearing.
Looking forward eagerly to the next updates.

L2analyst. This is what the Jan 20th 11:59 Drilling update RNS stated

"Strong potassic alteration and pyrite mineralisation continues to the current hole depth of 1,089m, however copper mineralisation has tapered out over the last 30m

· The hole will be extended further to test for possible pick-up in copper grades but will be stopped if significant additional mineralisation is not encountered"

I suspect the drilling was stopped, but it would be nice to hear one way or another.

We can always hope they are still drilling till told otherwise! Although l suspect Colin Bird forgot in his excitement at raising so much money today. Wonder if there are any new major shareholders on board? Might find out on Feb 4th.

Thanks to News, Montyboz and Iceberg for very informative posts today. I read them all!
Goodnight fellow Xtractors and ColinBirdWatchers.

Late Night look in from me. To be honest l was expecting a drilling update RNS saying we have stopped drilling rather than a placing! However, was glad to see the placing price was at a minimal discount.

Just one question. Are you keeping your eyes on the prize? A buyback deal with AA or a sale to another major once XTR has firmed up the resource estimate from the current inferred one to a probable and proved one. The only way to do that is to reduce uncertainties in the geological model. How? Drilling and assays. Updating the model. Ground truthing the geophysics with drill results, and inverting the geophysical anomalies to try to elucidate the shape of the mineralisation in between drill holes. Repeat and update with every new hole. XTR may need to change drill path planning as it goes along too.

This process is going to take time, expertise, money and luck! We have already had the luck of 940 m of mineralisation in our very first hole! So we know it's going to be big. Question is how big?

Brucie bonus - XTR now have funds to start up drilling at Eureka. Yet another chance at copper!

That was a good RNS confirming 940m of mineralisation, and they are continuing on to see if it was just a local drop they encountered. However, even if 940 m is all you get, it's a monster find of a porphyry. This first drill is excellent and does indicate a similar or larger size to Alkane's Boda nearby. The find also bodes well for further exploration within the Bushranger license.

4-5p is where I was expecting XTR to be with news of income in Africa, so I feel we are still in bargain territory. I will not criticise anyone who took a profit though - it is always the safe thing to do with AIM shares. For newbies, do not buy in after 100% spikes - you will almost always get a better price later in the day/week.

Alkane is a £300m (500 m AUD) mcap company versus XTR at £35m or so with a 5p share price. That should keep your expectations more in line with the current potential from Bushranger license alone. Now bring on some more drills and grades!

Very good luck all!

Closing prices of 7/7.2 on HL. Represents an approx 25% retrace from the max of 9.2 this week so hopefully regains its upward trajectory tomorrow.
Was pleased with the RNS showing that we have a massive mineralised body, although we will not know volumes till further drilling and modelling allows updates to a reasonable 3D model. Grades also yet to come, but I am cautiously optimistic, although CB was comparing it to Cadia in today's interview.
Upwards and onwards, as CB said, or downwards and onwards, more accurately!
Good night all, enjoy your Horlicks, hot chocolate or something stronger tonight, and think about how many more metres of mineralisation we might be drilling before tomorrow's update!
Toodlepip!

Correction
I meant "out of hole" where it says "out of hope" in my last comment. Hopefully just an autocorrect error not a Freudian slip :-)

On the interview with Zak Mir yesterday, 18th Jan,
Colin Bird made a couple of interesting comments regarding the drilling, so people should adjust their expectations accordingly for the daily updates which he promised.
CB said drill bit changes were being needed more frequently because the geology was getting more quartz rich and therefore more resistant. Quartz is a 7 on Moh's scale of hardness, versus feldspar at 6, and diamond on the drill bit at 10.
Secondly, as we drill deeper, bit changes take longer, as the drill pipe needs to be pulled out of hope, then reinserted with the fresh bit.
Together, harder geology, more frequent bit changes and deeper depths will likely mean less daily metres drilled. Just be aware of these issues when considering reported daily progress, and do not panic.

7.2/7.4 sell/buy on HL now. Time to pick up some more shares.
Doubt the retrace will last too long. Of course, dyor and think for yourselves.

HL 4.5/4.6 live price but unable to retrieve a live quote even for 50k shares.
Luckily picked some up earlier at 8.20 am @ 4.49p.

Remember where we are on the lifecycle with Bushranger ie right at the beginning.
Lots of excitement to come - as it's not the only prospct on this license either!
GL to all LTH, especially for those caught at high averages!

www.visualcapitalist.com/visualizing-the-life-cycle-of-a-mineral-discovery/

Hi all, this is only my 2nd post on this BB, but have been investing in XTR since 2015. Isomer asked why posters were sceptical of Colin Bird. For me, it was the 90% plus losses following Chepica cancellation and consolidation of shares, then missed promises on the timelines at Manica. I had even sold out completely last summer at a loss. However I got back in last October on the promise of Bushranger, and am happy to say that last investment has doubled today, and overall I am in profit in XTR for the first time in 5 years. Colin Bird seems to have have finally regained his mojo this past year.

Happy to see long-timers like Caveat Emptor, Littewing, captainbob and Andrew4444 still posting away. Thankyou folks, and others, who have made for interesting reading down the years.

Good luck all - very exciting times!

Good to be cynical, that's how we protect our capital. Afraid there is not enough information out there or on their website yet to be able to make any positive judgement, and l won't invest till l have more information to hand.
Reabold Resources (RBD) is an example of the type of investment model Wildcat seem to want to follow.
Will just keep a beady eye on them for now.

Darn it - you pipped me to the first post! :-)
As my old headmaster used to say, the early worms catch the birds!

Good luck and Happy New Year!

Wildcat Petroleum Plc (the "Company" or "Wildcat"), the UK-based company which will be seeking to invest in businesses within the upstream sector of the petroleum industry, is delighted to announce that Wildcat's entire issued ordinary share capital has today been admitted to the standard listing segment of the Official List of the FCA (by way of Standard Listing under Chapter 14 of the Listing Rules) and to trading on the London Stock Exchange's Main Market for listed securities under the ticker "WCAT".

Wildcat has successfully raised £600,000 (before expenses) by way of an Offer for Subscription for up to 600,000,000 New Ordinary Shares of £0.000028 each at an Offer Price of £0.001 per New Ordinary Share. Subsequently, Admission of the entire issued share capital of 2,400,000,000 Ordinary Shares of £0.000028 each to the Official List (by way of Standard Listing under Chapter 14 of the Listing Rules) and to trading on the London Stock Exchange's Main Market for listed securities shall become effective today. Wildcat's market capitalisation on Admission will be £2,400,000.

Mandhir Singh, Chairman, would like to extend a special thanks to all shareholders who have backed Wildcat with their investment and the Board have every intention of rewarding this faith by turning Wildcat Petroleum into a major force within the oil sector.

The above figures may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.

Wildcat Petroleums initial RNS of admission to LSE Main Market has not appeared here yet, but can be found here
https://www.londonstockexchange.com/news-article/WCAT/initial-admission-offcl-lst/14809059

As a former explorer and technical production manager for a supermajor, I wish Wildcat good fortune in their endeavours and look forward to seeing their opportunity portfolio, and glad to be making the maiden entry on this bb.

Happy New Year - looking forward to 2021!

Manage them how?
Do you realise you sound like a fascist?

RNS out on imminent Bushranger One drilling programme. Glad to see Colin Bird get his skates on for a change. Long suffering investor in Xtract (since 2015).