George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
I'm more inclined to see things your way Pinocchio. If Victor Meldrew dabbled in stocks he would feel right at home investing in XTR.
Over 9100 certainly, but that price is quoted in $, not £
If further drilling was to be embarked upon, which is seen as a possibility since being floated getting on for 2 months ago, would drilling not have begun already? And if drilling had commenced would we have been told it was underway?
Any views on historical precedent from prev drilling campaigns?
What would prevent getting on with the drilling immediately? Cash flow? Availability of rig? Lack of motivation? Weather?
erm ... its been under 2 since before Christmas.
Is your 'shock' a little disingenuous maybe?
---> "Carnt believe this in now under 2 now and probably heading to 1.5 shocked"
Thank you
https://investingnews.com/empress-royalty-projects-7-million-revenue/
Where is that interview available? Can you post a link? Thank you.
"These are the facts that are the foundation of BR and one reason why Xtr is investable."
I think you outlined MANY reasons it is investable ...
Thanks for the repost. Maybe that should be posted every Monday morning !!
My original question!
Thanks HZ. Much appreciated.
It seems this board has turned into a cryptic puzzle forum of late.
catsize, I really don't have time to uncover the hidden meaning in your post!
"Sovereign Metal
worth a read
dyor cat"
Me: what is your point.
please help me as I don't see any relevance
"for me you made zero effort to find out to what i was referring"
what is your point.
please help me as I don't see any relevance
Could someone point me towards a thread that discusses XTR?
"Even for XTR a fall of over 4% in the sp does seem overdone as a response to a positive RNS!"
The drop was caused by a sell of 500,000 which took out one or two MMs who were offering the opening bid price of 2.1p. That is how it works. If we get some buying the SP may creep back up for the same reason ... buying what MMs are offering at 2.2p and they will relist their offers a little higher. Without volume the movements mean very little.
You beat me to it Howezap. Here is a snippet ...
"Xtract has undertaken to prepare internally as soon as possible a project feasibility study providing guidance on the potential of the Kakuyu Project along with estimations of the extent of planned future exploration.
Xtract will fund its commitments pursuant to the Agreement from existing resources and cash flow from its existing projects."
Sometimes I think the placing fanatics just like to type the word placing as they feel it makes them sound wise. Sadly some people fall for it. The RNS on Dec 15 was not ambiguous, and today's RNS was equally informative and consistent with the statements in the Dec 15 one.
More creatively, on the back of watching Bank of Dave on Netflix last night I suggest we organise a Def Leppard concert as a fundraiser. I'm sure Colin would love to join the boys on stage and belt out a few.
In some ways XTR is growing up (a bit). We are starting to see an embryonic portfolio of assets / projects that actually mean something. The company is not an impecunious fly by night explorer with no pennies to rub together. We are generating meaningful (if not vast) income from Fairbride. And the company has no debt.
So, is a placing to raise funds the only route open to the company? Would it not now be possible to raise any funds required for Bushranger drilling or consultant work in a conventional loan finance arrangement.
Placings in small cap explorers are clearly a very emotive issue and seem to dent confidence amongst shareholders (who watch their often underperforming shares being whittled away by dilution).
what are you inferring from that?
If only a bulletin board was a get together in a pub. certain posters would not return for the second get together.
I will take 42
(that is LOM or SP ... either will do)
"Also clearly not a closed period so no significant news in the short term."
If XTR are not aware of the conclusions of the independent consultants preparing the economic model then presumably Colin Bird is free to buy shares. Who knows whether the report will be favourable until it lands.
If however XTR is already in receipt fo the report buy it is not yet published then that would be a different matter.