Something to do with a gold mine in production with three contractors working on processing the gold and revenue pouring in on three (no four !) fronts.
Thats not positive ??????
Not had anything like that since before Chepica (and probably a long time before that!)
Sp starting to move on no news but in anticipation of it.
"Still less than 0.013 in oldmoney."
- That's cos you guys keep trading it lower
Been a long wait but these results could be pivotal and if no institutions buy the stock from us I am sure private investors will trade it lower for some time more as to when the cash starts to exceed the market cap... unless it gets spent and it needs to be .
This is so off the radar and perhaps the success as well.
Took another leg up this afternoon, must be news tomorrow (and good news too!)
But overall this only brings us up to what has been about average for the last year. Still less than 0.013 in oldmoney.
Looking forward to further rises from here....lets face it....things have t been soositive for sooooo longgggg.
my guess BB is people just want to be this ahead of news, and are thinking he has to release an update ahead of - or first thing Monday morning - him speaking in Saturday UK Investor Show or else he'll be able to say next to nothing on current state of play in his presentation.. which would be a real waste of a very good marketing opportunity to potential new shareholders... not least if, one way or other, he is paying for that speaking slot..
Indeed idealist ... also he's speaking at UK Investor show on something like 21st of this month and so I guess we'll get some news sometime ahead of that..
I think if you're a medium/long term holder here news this week or next doesn't make too much of a difference, in truth
Smallish sell off this morning no surprise,,, and of course this s/p can go lower again but its very low now imho ...so hopefully not ...
my guess is the reason he's waiting is so he can say something about early/mid April 'progress' too in this update..eg Moz finally delivering something etc... this likely because the last quarter revenues were 'decent' more than 'good'...
Just an observation, the update for Q4 2017 came around the 25th Jan I believe so going by this, maybe a couple of weeks to go yet. Then again, could be sooner or dare I say it, later (hope not). Anyhow, looking forward to seeing at least some growth in the next figures.
Give us an update this week please Mr Bird. The quarter is now well over so please have the courtesy to update us in even a semi timely fashion.
I believe you're from the school of 'you get your update when you get your update, lad'.. in response, on the off chance you might wonder why your s/p is where it currently is, I offer, maybe such an attitude is a contributing factor :-)
Also I offer, that now we are properly into the operational phase, and given your other commitments and more strategic orientation, Mr Bird, perhaps we need a new COO - or CEO and you become Chairman - on board here to be all over optimising progress on the ground and communication with investors.. etc..
ps; my guess is last quarter revenues will be decently improved but not specially decently so.. if there was special revenue progress we'd have been told by now.. imho...
I've only dappled in this in small size previously TP... and ran away quickly - thankfully - on two occasions. ( amazingly making a small profit on both occasions.. which given the s/p performance was a lucky ) My current holding is a meaningful one for me and I'm in for 5 months now and agree with DS that Mr Bird seems to be doing a- good job.. but it's all about the share price in the end and that remains at an extraordinarily low level imho.. and that's all about history and trust imho.. but imho Mr Bird has a great opportunity to change the still lingering old narrative in the coming months, and starting this months.. so over to you Mr CB and here's to us all meeting up for celebratory drinks in The Ard Rock Café in Piccadilly one year from now !
Thanks for the concise summary of where we are just now, DS1. Whilst I do agree with your view, Im hungry for news. I know work is ongoing, and, as Ive said before, all new ventures have teething problems whilst new contractors and equipment get bedded in, but I cant help feeling a bit anxious in this vacuum caused by lack of newsflow.
Its human nature, I guess, when money is being made one like to know roughly how much and where its going.
I dont know about N2M, but I was in here when it was COIL !! So come on, Colin, talk to one of your longest lths! ;-)))
Mr.Colin Bird has done a fantastic job of running Xtract Resources in my opinion . Whereas Mr.Jan Nelson updated the market constantly allowing traders to benefit I feel Mr.Colin Bird holds long term investors in high esteem .
Since Mr. Colin Bird has taken control of Xtract Resources the remaining debt was paid off to 100% wholly own the Manica prospect . So starting from a negative position Mr.Colin Bird has turned the company around financially .
We now await news of revenue streams from our three sub contractors regarding the alluvial material processing . We also await news regarding Xtract Resources loan to Moz Gold , whether Mr.Colin Bird thinks it's worth taking a 25% holding in the company Moz Gold by converting the loan note for said amount of ownership .
Then we have the hard rock at Fair Brides to consider whether a joint venture agreement has been made with say Omnia Mining Ltd or another Gold Mining company . Exactly like the agreement announced on the 18th february 2018 to processes Manica Hard Rock other than Fair Brides . Terms and conditions would be different obviously but Omnia have yellow plant plus a new hard rock processing plant capable of 400k tonnes per annum at Manica already .
Lots of news to come and thankfully no further share dilution to pay down debt , far from it . Revenue to bolster Xtract Resources books which should be fairly healthy by now with the low monthly running costs of the company that Mr.Colin Bird made a priority to cut down any future risk to share holders .
this week ideally... and at least solid revenues increases are badly needed here now or else s/p will fall decently from here imho...
Your reporting has been tardy so far in terms of timing and clarity imho Mr Bird.. so please don't delay on these this time - after all they are what they are for the quarter just finished - and please start writing the updates more clearly too.
The market would likely assume no news is bad news - and why wouldn't they given the history here - and the sp would probably start to tick down again if no update by early next week imho..
Welcome back B_B, nice to see you around again. (Longer message on SOU bb,BB ;-))
News due soon on production/revenue. Hopefully the contractors have been shuffled into line and teething problems sorted.
Well big well done to CB. I speculated 4p a year or so here. One thing I have learn't as an investor is that you can not predict the share price movement of stock based purely on success. It's all a gamble based on sentiment and speculation and I wish everyone luck. 4p will need about 10 million in the bank or equivalent value added towards producing assets.
This will all take time and so I am happy to have Xtract convert the loan into shares and spread out bets.
Another comment by this Cynical Bear mystery writer on share prophets yesterday.
Motley selection of AIM wannabes.
Calling this ( vast,opt, and a few others ) Mythical beasts ( will they ever become real )
Not sure AIM is for long term holders.
More about brokers flogging to Private investors , selling into spikes themselves buying back on dips or better still discounted placings.
Excellent RNS and podcast today revealing the new contract terms with Moz Gold . Also outlining tonnage that was agreed wasn't met resulting in Omnia agreeing to penalties that will be paid over a period of time .
The Moz Gold loan was financed through income from the sub contractor Sino Mineral's and may be converted to a 25% ownership of the company Moz Gold dependent upon Mr.Colin Bird experience as to whether it would be good for Xtract Resources or not .
With the prospect of between 6 and 8 alluvial processing machines within the Manica Prospect and double the yellow plant . The three sub-contractors look well positioned to take full advantage of forthcoming dry weather . Not that Sino Mineral's were held back by the wet season but nice to know Omnia and Moz Gold haven't been idle with 98,000 tons park on surface ready for processing already .
here's the link to today's podcast .
and my confidence is growing here. Mr Bird is bit by bit bringing this Manica Programme together nicely imho..
Obviously Moz is but one operator here.. and this Moz 'situation' is beginning to look rosier now..
Even if we have to wait til beginning April for overall Q1 Alluvial mining output figures I'm not bothered, as I'm confident they will be at leasr decent and certainly going in the right direction and with much more to come too..
That said i'll hold off dumping the XTR Dog tag for a while yet.. but I think there could easily be a very bright future here.. hopefully.. but, of course, the proof needs to be seen written in black and white given the awful history here ...
Interesting DS and thanks for posting...well here's hoping he does even close to moving the World in 6 instead of 4 months :-) .. Also makes me wonder if the next alluvial gold output update will indeed not be until the beginning of April.. a pity if we have to wait that long and maybe the s/p will do little interesting until closer to then.. from what he says in this interview I expect the month on month next alluvial update to be a decent improvement on previously reported but far more solid than spectacular figures.. Also Ard rock gold output to hopefully start in late summer too.. so patience ongoingly required here but rewards in terms of big s/p appreciation 'in due course' will hopefully occur/be worth the wait .. that said s/p performance so far has being surprisingly bad versus my expectations, so apols. to all for my original short term bullishness here. (In my defence I note that I have in recent weeks tried to change to a more balanced perspective)
well worth while listening to Mr.Colin Bird talking about the hard rock collaboration with Omnia at Manica plus reference to the alluvial processing development . Interview starts at 11mins 49secs ,
What an unexpected RNS , outlining the terms and conditions of the hard rock processing at Manica , All apart from , Xtract Resources Plc , pride and joy " Fair Bride , open pit gold mine along with it's valuable DFS " . Well Mr.Colin Bird got something else lined up for that or it would have been included .
Ironic how the alluvial processing has progressed far enough to allow hard rock mining to start but we've been kept in the dark a bit . Wouldn't surprise me if we not only get good alluvial processing results from our three sub-contractors for recent months but a large stock pile of alluvial material ready for processing too .
Hence let the traders trade out whilst those that believe in the alluvial material ( dore bars ) get to see their company generate a profit to fund the hard rock processing at Manica apart from fair brides , for now . Yep , money makes money when re-invested on a 50:50 ratio . Now that's better than many would have thought possible using Omnia hard rock processing plant too ........... phew , that's good .
and I'm hoping we don't have to wait until Apirl for that - quarterly post event reporting basis hinted at previously - but as this is a start up situation we deserve to be given monthly - or at least two monthly - feedback imho .. but Mr Bird is a law onto himself when it comes to feeding back .. so who knows... and the market will likely assume not good bottom line so far if we don't get feeback til April imho... so here's hoping for some feedback in early March or even late Feb. instead..
will take time to get up and running - identifying whcih ard rock to mine first etc - no doubt.. but relevant processing plant is already there...
....shows that there is serious momentum is being gathered here now.. and we're going for more risk and reward by xtr in these new generation agreements.. fine by me.. IF there are good gold reserves to be found in Mancia then xtr will earn big and the share price will grow exponentially from here 'in due course' imho : IF
and believe that whatever way I look at this the price is simply now - ie 2.25p - too low imho...of course it can go lower - nature of the game - but it's the history - more than current reality - of this company that is weighing down the s/p far too much in the circumstances imho, so small I topped up again just now to get my aveage down to 2.7p.
Altogether, I don't see why a one bagger - 4.5p - from here is not doable this year.. and maybe/hopefully significantly nore than that. (That said I 'd still sell some down in the 3'sp if/when it gets there.. just in case of 1 step back for 1.5 forwards for a good while yet.
Finally, I'm going to predict that holders with averages in the 2's or 3's p here will be meeting for a celebratory drink in the Ard Rock Cafe in Piccadilly within the next 18 months .
Supprised this isn't doing a little better.
The company has no debt and they are generating money. Yes, gold production is slow but that is exactly what I would expect for a new start situation.
Are others expecting something more or have I missed something ?
Indeed clockwurk... Mr Bird didn't get appropriate contracts in place up front and is adjusting now. Also the speed of implementation and - probably quantity of early gold outputs, but we need more colour on this to be sure - were not as good as hoped for.. But in fairness the guy is addressing the issues incrementally and ongoingly and so I still have some faith here. ( I actually think the guy is a good - maybe even very good - guy to have in the job )
Generally, progress will be slower than hoped for by some - or indeed expected by plenty - but patience will be rewarded at least to some extent in due course, I expect/guess (obviously that is cold comfort to many longterm holders who are looking for 10 or 20 or more to b/e) I still think this will get to 4p at least at some stage this year and if there are good amounts of gold in them dar hills it could go significantly higher than that ..obviously the bottom line of how much gold they're actually, one way or other, going to get out of the ground is still wooly at best .. and that's the be all and end all... but we're slowly and incrementally getting meaningfully into play to find out.
I actually did a small top just now as I want to bring my average down, I'd do another one on any further weakness.. therefore, and because of the very low market cap versus no debt and a maybe good asset, I mark this a weak buy here.. but it could equally be a hold for me ..
Ps: A few extra months now, I expect, before I'll not see this as a dog anymore, hopefully..
Their history shows they've had a hell of a lot of chances already philboy. PS: My guess is you're a relatively new holder here?
Generally, if i'd said on this bb 2 months ago that this share woul d be 2.5p at the beginning of Feb. most everyone here would have said I'm clueless, it'll be far higher than that. In fairness, I didn't say that because I thought it had a decent chance of being 4p + by now. BUT I don't feel at all surprised it's 2.5p now.. a bit disappointed but not even annoyed, just accepting because it has been such a dog previously and even semi understanding because going from awful to good is a never an easy journey.. and I still hope - more than expect, but a little expectation too - it will, soonish, get going somewhat meaningfully in the right direction... but even then I'd surprised if it's not still one step back for one and a half forward well into the future ....
Give them a chance gentlemen, they have just started with a new outfit which we seem to be financing. Both miners would take time to get to know the best way to tackle their ground and the best use of equipment etc. etc. Setting up for any endeavor takes time and much attention to detail. Once all parameters are established it's plain sailing and they will soon pick up speed!
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