Now there's a sit up and listen transaction..... 22,000,000 shares sold at 0.19. Is this a bundle or a bail out? It may support my thoughts on this company, too much talk not enough action, same old same old, blah blah blah! 2 yr trend down.... 1 yr trend down. realisation - still unsure. Heart says stay with it, it'll make me rich. Head says, get out now, you've been going over the same ground for years. Argh, this is frustrating. Are there better shares out there to put my money into?
hi ya , drif , Xtract Resources have had dealing with YA Global Master SPV, Ltd prior to the agreement with Polar Star that stipulated a loan facility be made available to XTR so as to upgrade the then 2 mines at Chepica . Hence it's probable the 12 months mentioned was referring to the start of the contract from the 12th December 2013 . I'm not to concerned since Queensland shale oil was bought with Yorkville money and as you know an agreement with GOS soon made a quick profit for XTR plus XTR still have GOS shares then there's the extra 1,5 million of Gos shares coming to XTR on GOS , iPO .
spread tighter than a gnats whisker on 500k shares ......... to buy - 0.2075p / share ...... to sell -0.2055p / share ........... on similar trade but using 7 million shares ,,,,,,,,,, to buy - 0.2079p / share .......... to sell - 0.201p / share
In verifying my Tuesday 23:08 post I realised how difficult it was to find the " Strategic Report " hence here the paragragh I quoted from . Chepica gold and copper project, Chile Following the completion of the acquisition of 25% of Chepica on 24 February 2014, the strategy of the management of Xtract has been to target on and off reef development to open more areas to mine. Accordingly, the team at the mine has increased the total development rate from 40m per month to 300m per month. This strategy has resulted in greater flexibility in achieving both a better mining mix and an improved recovered concentrate grade. Volumes have also improved as a result of the increase in mining areas. Chepica was previously operating from two mines, Chepica North and Salvadori. Following a review of the operation by management, Xtract has now extended the project area to four mines, being Chepica North and Central, Salvadori, Colin and Nelson. By opening up these new areas, the team is in the process of further increasing production volume, achieving an uplift from 5,000 to 10,000 tonnes per month, whilst at the same time improving the concentrate gold grade from 40-50g/t to 60-70g/t. Further, Xtract will invest approximately US$250,000 in the plant to increase milling capacity and throughput. In addition, following the increased development work and the drilling programme which have been carried out over the past month, Xtract has now opened up a new payzone which is currently running at 70-80 g/t. Chepica is now on course to become profitable in the second quarter of 2014 Will see if the link will paste but being a pdf not to hopeful ... www.xtractresources.com/investor/fin/Xtract%20Resources%20AR2013.pdf
Me too ........ 4d4d but I have got a 5 million sale order set at 2.2p / share hence not sure if I can count them . ... lol .
In answer to drif .... nothing new with regards to Yorkville but in the " Annual report " page 4 titled " Strategic Report " this is worth a point of note . Chepica gold and copper project, Chile Following the completion of the acquisition of 25% of Chepica on 24 February 2014 .......... earlier reports have always referred to 15% with an 85% earn in agreement hence looks like XTR are earning in far more than letting on . That's before the other 2 gold mines are in fully operational too . I know one of the original mines was copper and that's been idle so ..... wow ... this earn in agreement is certainly getting updated as and when .
No info on yorkville no. I couldn't work out why initially until spaceman pointed out they have subscription shares. Shame we have no transparency but at least Jan has told us what he know - gone within a year.
by the way, I have a few here and they wont be sold so that's a lower effective float.
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