pepemartinez .......... you'll be lucky to buy many . Halifax got 1.5 million shares at 0.18p then negotiated trading for any more . The MM's triggered stop losses earlier for a reason and not to sell back to you and I . More like order filling .
That I invested well here and we have a market cap of a junior explorer today, the markets are melting across the world and gold is looking safe, what XTR shareholders are not seeing is the benefit of our new found mining cashflow, JN is currently investing in a drilling programme to extend the LOM in Chepica (JN said its easily extended to 15years), the ball plant is I understand almost in and XTR have had £1.6million of cash from asset sales since the half year was finished, that may well be being used
up rapidly. November the 1st should represent the milestone of production
upgrades to 8500-9000 ore tons PCM which represents a 40%+ increase in production and may make XTR cashflow positive. So what im trying to say is XTR is a sad share price for me today but the XTR business model of short cash curves to profitable production should just about kick in when the gold price and dollar are most valuable to shareholders. ATVB to all and soon we should be a lot happier. :-)
Invested in a revenue producing , cash loaded company in such times is far safer than being invested in an exploratory gold / copper miner or even an exploratory oiler looking for that gusher .
Chepica gold and copper project, Chile. Following paragraph taken from " half Yearly " RNS.
Our strategy of focusing on accelerating the development of on and off reef ends has paid off and four new levels have now been opened up and will be ready for mining in the next six months. Management has been strengthened with the appointment of Eduard Victor as COO, Peet Prinsloo as Chief Technical Officer and Albert Pretorius as Mining Executive. The Mine is maintaining throughput of between 5,000 and 7,000 tons per month and this expected to increase to 8,500 to 9,000 tons per month when a new ball mill is commissioned in October 2014. Plant grades have been increased from 40 to 50g/t to 60 to 80g/t and recoveries are stable at between 70 and 85%
Hence our current concentrated tonnage 5,000 - 7,000 tons per month is transported to Enami (Government Refinery) by truck, some 50 km north of Santiago. Payment is based upon contained copper and gold which the " half yearly " RNS quoted above has already stated grades and recovery are constantly increasing ........... leading to my observation that XTR is a revenue producing company that through cross checking with the JPMC audit files proves Jan Nelson and his team have transformed the Chepica project which was just breaking even into the Chepica project that is cash generating with cash in the bank . Current SP like most AIM listed shares is way down from recent times hence a good time to buy , re-buy or even top up . With Yorkvilles RNS showing they haven't been selling it's clear someone has with a 17m sell trade , 2 x 5m sell trades on the same day as the 7.3% Yorkville RNS for example . I wish all those that sold best of luck with the companies they invested their money in but personally I off loaded my SOLG shares to move to a safe haven , XTR weeks ago .
The European union and its currency is an absolute disaster. A political experiment that is undemocratic. History tells us unless these things are born organically, through the people, then the consequences can be unimaginably catastrophic. How have we as a nation, after winning two wars, thrown away our sovereignty so easily. The more we have nothing to do with these clowns at Brussels the stronger our economy will become.
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