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If the sales complete why’s it not factored into mcap
18months or $500k whatever comes first if to fast track Art. Agree it’s not particularly exciting but is a good project with a good buy in deal.
On completion of the earn in period, or as such other time as Xtract has spent US$500,000, Xtract may then advise Cooperlemon of its intention to increase its interest in the Licence to 70% by agreeing to spend a further US$1,000,000
But then I am excited really because as soon as they drill any of these copper prospects, and subject to XTR hitting zillions of metres of super-high grade copper, I can use the rise in the share price to get the hell out of this share for good. Birdie is a waste of time as are all of his minnow largely African-based exploration companies.
Ah, ART has arrived and he wants to buy, hence hoping for 0.85p as if the XTR RNS of today had NOT been released.
SILVER KING , Zambia is a over ready project and has been DE-RISKED by the work done by Glencore etc and holes drilled.
HOW CAN XTR BE WORTH 0 given MKT CAP £8.5m @1.05p vs XTR MANICA SOLD FOR US$15M?
Not to worry, C.Bird is a person full of surprises. Never know what he will do with Bushrangers and one will wake up one morning to potential news or to the XTR ZAMBIA LICENCE which Lemon could have given to others since it is hot exploration property. I think Lemon said in the interview that there are lots of interest to buy but they went along with XTR CB whom they knew. True , isnt it? A ready oven project just given to XTR on a plate by Lemon ---HIGH GREADE COPPER GOING INTO COPPER DEFICIT GLOBALLY and de-risked with so much geo work already done and to boot from GLENCORE. What more can one ask and 500MT -------THAT IS NOT A TINY PROJECT. Why? Minimum a TIER 2. And Tier 2 is in demand as it could be more with drilling, exploration etc.
COLIN BIRD IS NOT A CEO THAT WILL NOT SELL any project provided the price is fair. And fair is mkt value, hence why C.B leaves the rest for the major etc to drill to get more out of it. Kalumbila proves it. First Quantum has improved further on Kalumbila and a big mine in Zambia, courtesy of C.Bird. 3.4.24. DYOR. NIA.
Back the 50D MA figure.
There are more than a few out there that agree with ''Birdie is a waste of time as are all of his minnow largely African-based exploration companies'' Mr Art... BUT
Mr Zap and Mr OSV are not among those more than a few, clearly...
Me, I used be undecided.... now I'm not quite sure..
While I do 'ave a soft spot for the 'ave a go 'ero that is the one and only Mr Colin Bird; the s/p is the benchmark.. and Mr Bird's Co's share prices speak for themselves.
Hey NtM I would argue all day that current share prices across all of, not only bird companies, but the whole resource sector in the midst of a global economic 5hitstorm have no relevance to true values of project portfolios that companies hold, there is a clear disconnect apparent now and has been proven historically in the midst of previous downturns to be the norm. So as for a benchmark I would counter by saying it does not speak for itself.
Historically though, through downturns, copper inventories have always built up, but the difference this time round is that with overwhelming supply headwinds that is not going to happen and so the expected demands will very soon far outweigh supply pushing copper to unprecedented highs. There is a far bigger picture in play to be excited about. This is why the company is positioning itself now to benefit later.
Good speak Mr Zap... good speak
Is this the first step towards a very good year for all
Starting to get interesting with the RNS today.
I don’t want go all rampy but surely the bottom is in now.
Has to be worth about 1.5p on staggered cash payments + assets today.
If I get chance to buy a final lot below 1p I’ll take it up
If I don’t happy days anyway
I went a smidgeon further than that earlier Mr Bals .. but we’re very much in the same ballpark ..
Again, this is worth at least 1 Egyptian pound a share imho
look ntm
just because you had a topple with copl
no need to spout i give phoney analysis as the analysis is based on what came from birds mouth multiple times.
you ****
yours cruelly
But I'll go one further
Ya know the real business model came up trumps with the likes of Stockopedia only that The bird had no idea as he wouldn't have sold it for a measly $15m❓
If this latest acquisition is the final piece in the portfolio jigsaw for ‘24 following the disposal of the Moz gold mine and importantly confirmation of the amount Xtr will be receiving up to 2027 with the staged buy out payments, circa $15m over that time.
Xtr can now fully plan to allocate expenditure toward its projects to advance them further through its own treasury funds.
BR could see a final drill campaign to add resource to the Nw at Racecourse by continuing to follow the high-grade plunging zone of the mineralisation and hopefully
test the IP Chargeability/Resistivity anomaly 500m west of Ascot. Could be dependent on outcome of optimisation toward a desirable IRR and NPV. If xtr can push the project further up the value curve without big expense then that is what they will do.
Kakuyu could see a mining operation start to bring in some funds to contribute toward a larger exploration programme as unlike the other Zambian licences the deposit type and mineralisation mechanisms are not clear enough from initial work that’s been done at Kakuyu, so the plan is to to understand further the type of deposit and mineralisation potential there as it has the potential to be far larger than first thought which can justify its own process plant.
Other recent Zambian licences are about to have drilling commence after the rainy season ends anytime now.
Tons of exciting news due to drive MC up and onward as well as raise the profile to the market as xtr can get the jump on other companies with projects lying static due to unavailability of funding to progress them.
Go Colin !
Go Colin !
Go Birdy !
Go Birdy !
10p soon
With bow around it !
Good old Birdy.
I always said he was a genius.
Did think - “Back the 50D MA figure”.was the 5hittest attempt to ramp the bejeezers out of it jez that was more like it 👍😆
I’ll take that to be ‘You Gent ‘ Cruella.. thanks 😉
I love the ‘topple with Copl’ line btw ..fortunately, in the round - thru range trading the arris off it - that was a morsel at 1.5 k down .. you should have picked Bowleven instead of it .. or better again, any of the 11 that have gone to zero !
( O&G is my thing btw.. kept me smiling roundly through sundry other sector misery .. fortunately.. on the cesspit that is AIM )